40 Central Ave Ocean Grove, NJ 07756
5
Beds
4
Baths
2,891
Sq Ft
1,742
Sq Ft Lot
Highlights
- Wood Flooring
- No HOA
- Multiple cooling system units
- Shore Colonial Architecture
- Covered patio or porch
- 3-minute walk to Greenleaf Park
About This Home
As of May 2024This unique 3 FAMILY sits on the corner of Olin and Central, only 2 BLOCKS TO THE BEACH. The first floor apartment is spacious and features 1 bedroom, 1 full bath, living room, dining room, kitchen, central air, washer and dryer, and a rocking chair front porch to enjoy the ocean breezes. The second floor apartment consists of 2 bedrooms, living room, dining room, kitchen, 2 full baths and washer and dryer. The 3rd unit is a cozy 2 bedroom 1 full bath apartment. Live in one and rent out the other two or rent out all three. Currently all 3 apartments are rented on a yearly basis and are netting $40k annually.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,997
Year Built
- Built in 1890
Lot Details
- 1,742 Sq Ft Lot
- Lot Dimensions are 30 x 59
Parking
- On-Street Parking
Home Design
- Shore Colonial Architecture
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,891 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Living Room
- Dining Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Stove
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Covered patio or porch
Schools
- Neptune Middle School
Utilities
- Multiple cooling system units
- Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Ocean Grove Subdivision
Listing and Financial Details
- Assessor Parcel Number 35-00147-0000-00022
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
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
Similar Home in Ocean Grove, NJ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $655,000 | None Available | |
| Deed | $285,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $880,000 | New Conventional | |
| Closed | $555,000 | New Conventional | |
| Closed | $458,500 | New Conventional |
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
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
-
Robert Lobiondo
Seller Co-Listing Agent in 2024
Robert Lobiondo
Compass New Jersey LLC
(732) 890-9712
2 in this area
35 Total Sales
-
Mark Pasch
Seller's Agent in 2020
Mark Pasch
Pasch Real Estate
(973) 464-8391
3 in this area
20 Total Sales
-
Deana Kreher
Buyer's Agent in 2020
Deana Kreher
RE/MAX
(732) 822-0631
10 in this area
68 Total Sales
-
Joanne Platz
Seller's Agent in 2017
Joanne Platz
Coldwell Banker Riviera Realty
(732) 295-1400
29 Total Sales
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22021859
APN: 35-00147-0000-00022
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