NOT LISTED FOR SALE

318 E Cape May Ave Ocean Gate, NJ 08740

Estimated Value: $354,000 - $430,870

2 Beds
1 Bath
986 Sq Ft
$388/Sq Ft Est. Value

Last Sold October 10, 2024

Last sale price $355,000 $360 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,518/month

22 Days on Market

Highlights

  • No HOA
  • Central Air
  • 1-Story Property
  • 1 Car Attached Garage
  • Baseboard Heating

About This Home

As of October 2024

INVESTORS AND BUILDERS.... Beautiful Quaint Town of Ocean Gate! Great Location Close to Water, Stores, Restaurants, Garden State Parkway etc.. Value is in the Land!This Large 2 Bedroom 1 Bath Home is Sitting on a 120 x 100 lot (as per tax records) in a Great Neighborhood and Ready for someone to Totally Renovate or Knock Down and Build Your Dream Home on A Large Double Lot or Potential for 2 Subdivided Lots but would need town approval and is not guaranteed. HOME BEING SOLD AS-IS

Last Agent to Sell the Property

Jim Dattoli Jr

RE/MAX Bay Point Realtors License #8931367 Listed on: 07/21/2024

Last Buyer's Agent

Michael Lesko

New and Modern Group License #0342948

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,851

Year Built

  • Built in 1952

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 120 x 100

Parking

  • 1 Car Attached Garage

Home Design

  • Shingle Roof

Interior Spaces

  • 986 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Ocean Gate Elementary School
  • Central Reg Middle School
  • Central Regional High School

Utilities

  • Central Air
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 22-00045-0000-00002

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,851

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subdivision Name: None
  • Architectural Style: Ranch
  • Year Built: 1952
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.28
  • General Property Info Lot Dimensions: 120 x 100
  • Location Middle School: Central Reg Middle
  • Cooling Central Air: Yes
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Style Ranch: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.28
  • Waterfront: No
  • Exterior Features: Other

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other, Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Central Reg Middle

Lot Info

  • Lot Dimensions: 120 x 100
  • Lot Size Sq Ft: 12196.8
  • Parcel #: 22-00045-0000-00002
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5851.0

MLS Schools

  • Elementary School: Ocean Gate
  • High School: Central Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2024
Closed on
Oct 10, 2024
Sold by
Riehl Frank J and Riehl Taffy A
Bought by
Rojo Properties Llc
Seller's Agent
Jim Dattoli Jr
RE/MAX Bay Point Realtors
Buyer's Agent
Michael Lesko
New and Modern Group
List Price
$379,900
Sold Price
$355,000
Premium/Discount to List
-$24,900
-6.55%
Views
37
Current Estimated Value
$382,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,718
Avg. Annual Appreciation
7.81%

Purchase Details

Closed on
Feb 2, 1998
Sold by
Riehl Frank J
Bought by
Riehl Frank J and Riehl Taffy A

Purchase Details

Closed on
Jun 29, 1995
Sold by
Mcgann E O Thomas
Bought by
Riehl Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.84%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rojo Properties Llc $355,000 Pegasus Title
Rojo Properties Llc $355,000 Pegasus Title
Riehl Frank J -- First American Title Ins Co
Riehl Frank $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Riehl Frank $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2024 10/10/24 Sold $355,000 -6.6% $360 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
07/21/2024 07/21/24 For Sale $379,900 -- $385 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,838 $355,100 $195,500 $159,600
2024 $5,851 $355,100 $195,500 $159,600
2023 $5,390 $193,800 $84,100 $109,700
2022 $5,390 $193,800 $84,100 $109,700
2021 $5,159 $193,800 $84,100 $109,700
2020 $5,200 $193,800 $84,100 $109,700
2019 $5,074 $193,800 $84,100 $109,700
2018 $4,897 $193,800 $84,100 $109,700
2017 $4,861 $193,800 $84,100 $109,700
2016 $4,822 $193,800 $84,100 $109,700
2015 $5,040 $247,300 $137,500 $109,800
2014 $5,062 $247,300 $137,500 $109,800
Source: Public Records

Agents Affiliated with this Home

  • Jim Dattoli Jr

    Seller's Agent in 2024

    Jim Dattoli Jr

    RE/MAX

    (732) 773-5166

    1 in this area

    59 Total Sales

    Jim Dattoli Jr
    Section Image

  • M

    Buyer's Agent in 2024

    Michael Lesko

    New and Modern Group

    (201) 957-3574

    1 in this area

    2 Total Sales

    Michael Lesko
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22420799

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00045-0000-00002

New Jersey Ocean County Ocean Gate 08740

318 E Cape May Ave, Ocean Gate, NJ

This home is located at 318 E Cape May Ave, Ocean Gate, NJ 08740 since 21 July 2024 and is currently estimated at $382,718, approximately $388 per square foot. This property was built in 1952. 318 E Cape May Ave is a home located in Ocean County with nearby schools including Ocean Gate Elementary School, Central Regional Middle School, and Central Regional High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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