NOT LISTED FOR SALE

38 W Long Branch Ave Ocean Gate, NJ 08740

Estimated Value: $502,000 - $568,000

2 Beds
1 Bath
-- Sq Ft
10,019 Sq Ft Lot

Last Sold October 17, 2016

Last sale price $280,000

Est. 89% increase in value since last sale

Current estimated payment $3,613/month

58 Days on Market

About This Home

As of October 2016

RARE opportunity for this INCOME PRODUCING three family in LOVELY Ocean GATE. Main house has two units each include 2 bedrooms, full bath, living area, kitchen,and dining room. Additional home in rear of property features living area, kitchen, one bedroom and a full bath. The main bath has a partial basement that has laundry hook up, that is not currently used. Many improvements have been made over the last 10 years, gas furnaces,windows,roof,and more. Down stairs level has use to a huge front enclosed porch. There are also storage sheds avail. Two out of the 3 units are currently rented. The rental market is on fire now is the time to buy!!!

Last Agent to Sell the Property

Colette Gioia

RE/MAX Revolution License #0019267 Listed on: 07/20/2016

RE/MAX Revolution

Last Buyer's Agent

Michael Solowski

Coldwell Banker Glen Cove

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2016
Closed on
Oct 4, 2016
Sold by
Murray John
Bought by
Ocean Road Llc
Seller's Agent
Colette Gioia
RE/MAX Revolution
Buyer's Agent
Michael Solowski
Coldwell Banker Glen Cove
Sold Price
$280,000
Current Estimated Value
$529,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,614
Avg. Annual Appreciation
7.62%

Purchase Details

Closed on
May 19, 2004
Sold by
Luster Albert
Bought by
Murray John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2002
Sold by
Brown Janel
Bought by
Luster Albert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
6.19%

Purchase Details

Closed on
May 5, 1997
Sold by
Farry John T
Bought by
Tilton James N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.87%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Ocean Road Llc $280,000 --
Murray John $350,000 --
Luster Albert $215,000 --
Tilton James N $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murray John $209,000
Previous Owner Luster Albert $193,500
Previous Owner Tilton James N $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2016 10/17/16 Sold $280,000 -- --
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 $7,958 $506,400 $197,000 $309,400
2023 $7,331 $263,600 $79,400 $184,200
2022 $7,331 $263,600 $79,400 $184,200
2021 $7,017 $263,600 $79,400 $184,200
2020 $7,072 $263,600 $79,400 $184,200
2019 $6,901 $263,600 $79,400 $184,200
2018 $6,661 $263,600 $79,400 $184,200
2017 $6,611 $263,600 $79,400 $184,200
2016 $6,558 $263,600 $79,400 $184,200
2015 $6,416 $314,800 $130,000 $184,800
2014 $6,444 $314,800 $130,000 $184,800
Source: Public Records

Agents Affiliated with this Home

  • Colette Gioia

    Seller's Agent in 2016

    Colette Gioia

    RE/MAX Revolution

    (908) 910-5860

    1 in this area

    177 Total Sales

    Colette Gioia
    Section Image

  • M

    Buyer's Agent in 2016

    Michael Solowski

    Coldwell Banker Glen Cove

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21616380

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00011-0000-00004

New Jersey Ocean County Ocean Gate 08740

38 W Long Branch Ave, Ocean Gate, NJ

This home is located at 38 W Long Branch Ave, Ocean Gate, NJ 08740 since 20 July 2016 and is currently estimated at $529,614. This property was built in 1957. 38 W Long Branch 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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