NOT LISTED FOR SALE

40 Central Ave Ocean Grove, NJ 07756

Estimated Value: $1,206,000 - $1,420,867

5 Beds
4 Baths
3,000 Sq Ft
$439/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $1,100,000 $367 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $9,039/month

28 Days on Market

Highlights

  • Multiple cooling system units
  • Zoned Heating and Cooling System
  • 3-minute walk to Greenleaf Park

About This Home

As of May 2024

This Grand Victorian three family home is comprised of a separate residence on each of three floors, each home with separate washer and dryer on each floor. 1st floor is a large 1 bed 1 bath with front porch & central A/C, 2nd floor is a 2 bed with 2 full baths, and 3rd is a 2 bed 1 full bath. 2nd floor can be delivered vacant or with Summer tenant. Recent renovations include updated kitchens and new W/D in 2 units. Located two blocks to the beach and a block to shops and restaurants in Ocean Grove, you will also enjoy easy access to all the restaurants, shops, and music venues up the boardwalk in Asbury Park.

Last Agent to Sell the Property

Adam Hignite

Compass New Jersey LLC License #0453869 Listed on: 02/25/2024

Compass New Jersey LLC

Co-Listed By

Robert Lobiondo

Compass New Jersey LLC License #1862980

Last Buyer's Agent

Adam Hignite

Compass New Jersey LLC License #0453869 Listed on: 02/25/2024

Compass New Jersey LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,394

Year Built

  • Built in 1890

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 30 x 59

Parking

  • On-Street Parking

Home Design

  • Triplex

Interior Spaces

  • 3,000 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Schools

  • Neptune Middle School

Utilities

  • Multiple cooling system units
  • Zoned Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 35-00147-0000-00022

Community Details

Overview

  • 3 Units
  • Ocean Grove Subdivision

Building Details

  • Electric Expense $2,418
  • Fuel Expense $1,988
  • Water Sewer Expense $630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,394

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Co List Office Mls Id: 4306
  • Co List Office Phone: 732-936-5248
  • Subdivision Name: Ocean Grove
  • Year Built: 1890
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 30 x 59
  • Location Middle School: Neptune
  • Cooling Central Air: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Cooling Multi Units: Yes
  • Income Expenses Electric Expense: 2418.0
  • Income Expenses WaterSewer Expense: 630.0
  • Income Expenses Gas Expense: 1988.0
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Acres: 0.04
  • 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
  • Cooling: Central Air, Multi Units
  • Cooling Y N: Yes
  • Heating: 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 630.0

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 30 x 59
  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 35-00147-0000-00022
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 20394.0
  • Tax Other Annual Assessment Amount: 1149600.0

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 2418.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2017
Closed on
Aug 11, 2017
Sold by
Sullivan Doris A
Bought by
Schementi Michael and Schementi Joanne E
Seller's Agent
Joanne Platz
Coldwell Banker Riviera Realty
Buyer's Agent
Mark Pasch
Pasch Real Estate
Sold Price
$655,000
Current Estimated Value
$1,317,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$662,467
Avg. Annual Appreciation
9.30%
Original Mortgage
$458,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2000
Sold by
Juliano Annette
Bought by
Sullivan Doris
Source: Public Records

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Range of Values:

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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
Schementi Michael $655,000 None Available
Sullivan Doris $285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burke Laura $880,000
Closed Sonsev Veronika $555,000
Closed Schementi Michael $458,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2024 05/17/24 Sold $1,100,000 0.0% $367 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
02/25/2024 02/25/24 For Sale $1,100,000 +48.6% $367 / Sq Ft
09/25/2020 09/25/20 Sold $740,000 -5.0% $256 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $779,000 +18.9% $269 / Sq Ft
08/11/2017 08/11/17 Sold $655,000 -- $221 / 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 $20,394 $1,189,100 $606,300 $582,800
2023 $20,394 $1,149,600 $649,200 $500,400
2022 $16,687 $841,000 $436,600 $404,400
2021 $13,997 $803,400 $492,500 $310,900
2020 $16,413 $787,200 $492,500 $294,700
2019 $13,997 $662,400 $412,500 $249,900
2018 $14,102 $660,500 $412,500 $248,000
2017 $13,429 $603,300 $395,000 $208,300
2016 $16,279 $730,000 $395,000 $335,000
2015 $15,810 $721,900 $395,000 $326,900
Source: Public Records

Agents Affiliated with this Home

  • Adam Hignite

    Seller's Agent in 2024

    Adam Hignite

    Compass New Jersey LLC

    (917) 549-8675

    1 in this area

    31 Total Sales

    Adam Hignite
    Section Image
  • Robert Lobiondo

    Seller Co-Listing Agent in 2024

    Robert Lobiondo

    Compass New Jersey LLC

    (732) 890-9712

    2 in this area

    35 Total Sales

    Robert Lobiondo
    Section Image
  • Mark Pasch

    Seller's Agent in 2020

    Mark Pasch

    Pasch Real Estate

    (973) 464-8391

    3 in this area

    20 Total Sales

    Mark Pasch
    Section Image
  • Deana Kreher

    Buyer's Agent in 2020

    Deana Kreher

    RE/MAX

    (732) 822-0631

    10 in this area

    68 Total Sales

    Deana Kreher
    Section Image
  • Joanne Platz

    Seller's Agent in 2017

    Joanne Platz

    Coldwell Banker Riviera Realty

    (732) 295-1400

    29 Total Sales

    Joanne Platz
    Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22404558

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00147-0000-00022

New Jersey Monmouth County Ocean Grove 07756

40 Central Ave, Ocean Grove, NJ

This home is located at 40 Central Ave, Ocean Grove, NJ 07756 since 25 February 2024 and is currently estimated at $1,317,467, approximately $439 per square foot. This property was built in 1890. 40 Central 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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