NOT LISTED FOR SALE

38 W Long Branch Ave Ocean Gate, NJ 08740

Estimated Value: $505,000 - $573,000

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 $3,562/month

58 Days on Market

Highlights

  • Shed
  • Multiple cooling system units
  • Level Lot
  • Ceramic Tile Flooring
  • Forced Air Heating and Cooling System
  • 1-Story Property

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

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,416

Year Built

  • Built in 1957

Lot Details

  • Lot Dimensions are 100 x 100
  • Level Lot

Home Design

  • Triplex
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 1-Story Property
  • Window Screens
  • Stove

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Partial Basement
  • Basement Storage

Parking

  • No Garage
  • Unpaved Parking
  • Open Parking

Outdoor Features

  • Exterior Lighting
  • Shed

Schools

  • Central Regional High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Gross Income $36,600
  • Fenced Storage

Listing and Financial Details

  • Tenant pays for heat, gas, electricity
  • The owner pays for yard maintenance, water, snow removal, sewer, garbage removal
  • Assessor Parcel Number 22-00011-0000-00004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,416

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Laminate, Ceramic Tile
  • New Construction: No
  • Year Built: 1957
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 100 x 100
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • Parking Unpaved: Yes
  • Siding Shingle: Yes
  • Cooling Multi Units: Yes
  • Exterior Shed3: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Electric Meter2: Yes
  • Floors Laminate2: Yes
  • Income Expenses Gross Income2: 36600.0
  • Unit 1 Gas Stove: Yes
  • Exterior Screens2: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Electric Stove: Yes
  • Exterior Locked Storage2: Yes
  • Basement Shared Storage3: Yes
  • Special Features: None

Interior Features

  • Basement: Partial, Shared Storage
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1
  • Basement:Partial: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Construction Type: Shingle Siding
  • Exterior Features: Locked Storage, Screens, Lighting

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Open, None, Unpaved
  • General Property Info:Garage: No
  • Parking Open: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Multi Units
  • Cooling Y N: Yes
  • Heating: Forced Air, HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 100 x 100
  • Parcel #: 22-00011-0000-00004
  • Zoning Description: Residential, Multi-Family

Rental Info

  • Tenant Pays: Heat, Gas, Electricity
  • Owner Pays: Yard Maintenance, Water, Snow Removal, Sewer, Garbage Removal

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 6416.0
  • Tax Other Annual Assessment Amount: 314800.0

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 36600.0

MLS Schools

  • High School: Central Regional

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
7.20%

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:

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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
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

    167 Total Sales

    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 $541,202. 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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