NOT LISTED FOR SALE

38 Pitman Ave Ocean Grove, NJ 07756

Neptune Neighborhood

Estimated Value: $1,096,000 - $1,271,000

4 Beds
4 Baths
2,215 Sq Ft
$528/Sq Ft Est. Value

Last Sold December 21, 2017

Last sale price $556,800 $251 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $7,912/month

180 Days on Market

Highlights

  • Water Views
  • Heating System Uses Oil Above Ground
  • 3-minute walk to Greenleaf Park

About This Home

As of December 2017

ATTENTION INVESTORS, great income producing 4 family home with OCEAN VIEWS in sought after Ocean Grove! Over $70,000 income per year! Rent out 4 apartments or live in 1 and rent out 3. Or possible condo conversion for even greater ROI. Main level apartment has VERY spacious rooms. Need another bedroom? Just unblock staircase that connects to upstairs apt with ocean facing window! Also upstairs: one bedroom apt and studio apt that share small back deck. Attic storage with pull-down stairs. Basement has laundry facilities and storage unit for each apt! 2 short blocks to beach, Great Auditorium, charming Main Ave and NYC bus stop. Short walk to the amazing Asbury restaurants & boardwalk. Enjoy ocean view and breezes from your front porch! Come see this hard-to-find 4 family beach home!

Last Listed By

Judith Collan

C21/ Action Plus Realty Listed on: 05/12/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,648

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 30x57

Parking

  • On-Street Parking

Home Design

  • Quadruplex

Interior Spaces

  • 2,215 Sq Ft Home
  • 2-Story Property
  • Water Views
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Schools

  • Neptune Middle School
  • Neptune Twp High School

Utilities

  • Heating System Uses Oil Above Ground
  • Natural Gas Water Heater

Community Details

  • 4 Units
  • Ocean Grove Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,648

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: Ocean Grove
  • New Construction: No
  • Year Built: 1910
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 30X57
  • Location Middle School: Neptune
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Heating Oil Above Ground: Yes
  • Special Features: None

Interior Features

  • Basement: Partial
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Stories: 2
  • Basement:Partial: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street
  • General Property Info:Garage: No
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Oil Above Ground, HWBB
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 30X57
  • Parcel #: 999
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 12648.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • High School: Neptune Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2002
Sold by
Derose Jean
Bought by
Hekker John and Hekker Julie
Total Days on Market
180
Current Estimated Value
$1,169,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
6.85%
Mortgage Type
Commercial

Range of Values:

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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
Hekker John $245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hekker John $183,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2017 12/21/17 Sold $556,800 -- $251 / 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
2024 $17,133 $1,162,200 $606,300 $555,900
2023 $17,133 $965,800 $649,200 $316,600
2022 $15,044 $738,100 $436,600 $301,500
2021 $12,741 $724,300 $492,500 $231,800
2020 $13,352 $640,400 $492,500 $147,900
2019 $12,741 $603,000 $412,500 $190,500
2018 $12,511 $586,000 $412,500 $173,500
2017 $12,688 $570,000 $395,000 $175,000
2016 $12,649 $567,200 $395,000 $172,200
2015 $12,332 $563,100 $395,000 $168,100
2014 $11,715 $439,600 $270,000 $169,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Judith Collan

    C21/ Action Plus Realty

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21646716

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00147-0000-00003

New Jersey Monmouth County Ocean Grove 07756 Neptune

38 Pitman Ave, Ocean Grove, NJ

Homes for Sale in Ocean Grove, NJ

This home is located at 38 Pitman Ave, Ocean Grove, NJ 07756 since 12 May 2017 and is currently estimated at $1,169,671, approximately $528 per square foot. This property was built in 1910. 38 Pitman Ave is a home located in Monmouth County with nearby schools including Neptune High School, Hope Academy Charter School, and Our Lady of Mount Carmel 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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