NOT LISTED FOR SALE

323 E Cape May Ave Ocean Gate, NJ 08740

Estimated Value: $438,000 - $512,000

Studio
2 Baths
1,848 Sq Ft
$263/Sq Ft Est. Value

Last Sold October 19, 2021

Last sale price $310,000 $168 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,107/month

14 Days on Market

Highlights

  • Deck
  • No HOA
  • Ceramic Tile Flooring
  • Rambler Architecture
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of October 2021

Excellent opportunity to own this two family home. This home has much to offer, 2 units both with two bedrooms one bath. One unit has heated Florida room currently being used as a dining room that leads to a large deck. Oversized garage has tons of space. Beautifully done pavers in the backyard with an amazing Koi pond. Blocks to the boardwalk and parks. Don't miss out on this one.

Last Agent to Sell the Property

WENDY JENSEN

(732) 773-2876 wendy.jensen@flanaganrealty.com Coldwell Banker Flanagan Realty License #0015023 Listed on: 01/27/2021

Coldwell Banker Flanagan Realty

Last Buyer's Agent

WENDY JENSEN

(732) 773-2876 wendy.jensen@flanaganrealty.com Coldwell Banker Flanagan Realty License #0015023 Listed on: 01/27/2021

Coldwell Banker Flanagan Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,790

Year Built

  • Built in 1965

Lot Details

  • 8,648

Parking

  • 2 Car Detached Garage
  • Rear-Facing Garage
  • Driveway

Home Design

  • 1,848 Sq Ft Home
  • Duplex
  • Rambler Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Laminate
  • Ceramic Tile

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Deck
  • 8,648 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 22-00046-00005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,790

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1965
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Flooring Type: Ceramic Tile, Laminated
  • Basement: No
  • Total Sq Ft: 1848
  • Living Area Sq Ft: 1848
  • Price Per Sq Ft: 170.45
  • Above Grade Finished Sq Ft: 1848
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Vinyl Siding
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Lot Size Acres: 0.20
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8648.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: R

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3055354
  • Tax Annual Amount: 5790.00
  • Assessor Parcel Number: 22-00046-00005
  • Tax Lot: 5
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2021
Closed on
Oct 12, 2021
Sold by
Pairo Jr Thomas F and Pairo Diana Diana
Bought by
Stephen Orluski and Stephen Melissa Orluski
Seller's Agent
WENDY JENSEN
Coldwell Banker Flanagan Realty
Buyer's Agent
WENDY JENSEN
Coldwell Banker Flanagan Realty
List Price
$315,000
Sold Price
$310,000
Premium/Discount to List
-$5,000
-1.59%
Current Estimated Value
$486,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,418
Avg. Annual Appreciation
11.29%
Original Mortgage
$232,500
Outstanding Balance
$212,018
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$274,400

Purchase Details

Listed on
Sep 17, 2015
Closed on
May 23, 2016
Sold by
Fitzharris Christopher and Fitzharris Billie L
Bought by
Pairo Thomas F
Seller's Agent
Patricia Hill
Coldwell Banker Riviera Realty
Buyer's Agent
Ericka James
Real Estate, LTD
Sold Price
$236,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.17%
Original Mortgage
$236,634
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 15, 2002
Sold by
Brennan Mary
Bought by
Fitzharris Christopher and Fitzharris Billie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Stephen Orluski $310,000 Metro Title Agency
Pairo Thomas F $241,000 Fidelity National Title
Fitzharris Christopher $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stephen Orluski $232,500
Previous Owner Pairo Thomas F $236,634
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/19/2021 10/19/21 Sold $310,000 -1.6% $168 / Sq Ft
02/10/2021 02/10/21 Pending -- -- --
01/27/2021 01/27/21 For Sale $315,000 +33.5% $170 / Sq Ft
05/23/2016 05/23/16 Sold $236,000 0.0% $128 / Sq Ft View Prior Sale
07/25/2015 07/25/15 Rented $1,200 -- --
Source: Bright MLS

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 $6,765 $411,500 $190,700 $220,800
2024 $6,515 $411,500 $190,700 $220,800
Source: Public Records

Agents Affiliated with this Home

  • WENDY JENSEN

    Seller's Agent in 2021

    WENDY JENSEN

    Coldwell Banker Flanagan Realty

    (732) 773-2876

    1 in this area

    36 Total Sales

    WENDY JENSEN
    Section Image

  • P

    Seller's Agent in 2016

    Patricia Hill

    Coldwell Banker Riviera Realty

    Section Image

  • E

    Buyer's Agent in 2016

    Ericka James

    Real Estate, LTD

    Section Image
  • Glen Kelly

    Seller's Agent in 2015

    Glen Kelly

    Glen Kelly Real Estate LLC

    (732) 244-0567

    5 in this area

    132 Total Sales

    Glen Kelly
    Section Image

  • S

    Seller Co-Listing Agent in 2015

    Sharon Gallo

    Glen Kelly Real Estate LLC

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJOC406796

Bright MLS

APN: 22-00046-0000-00005

New Jersey Ocean County Ocean Gate 08740

323 E Cape May Ave, Ocean Gate, NJ

Not Listed for Sale

MultiFamily

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