$655,000
SOLD AUG 11, 2017

40 Central Ave Ocean Grove, NJ 07756

5 Beds
4 Baths
2,969 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$221 Per Sq Ft

68 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Greenhouse Windows
  • Oceanside
  • Corner Lot
  • 3-minute walk to Greenleaf Park

About This Home

As of May 2024

Location! Location! Location! Looking for an investment? Year round resort lifestyle? Summer Home? Seasonal rental opportunity? Breathe the ocean air, smell the aroma of the salty sea, take a quick and easy stroll to the beach, to town or to the auditorium. This fabulously located, historic, three story, multi-family home with porch & basement has all of these possibilities & then some. First floor-central air, gas heat, living room, dining area, kitchen, bedroom, bath, porch & basement. Second floor-2 bedrooms, 2 baths, living room, dining room & kitchen. Third floor-kitchen, living room, 2 bedrooms, loft area & bath. Newly installed three zone heat is one of the newest features of this tastefully maintained residence for you to own & enjoy. This is Jersey Shore living at its best!

Last Agent to Sell the Property

Joanne Platz

Coldwell Banker Riviera Realty License #8241674 Listed on: 04/05/2017

Coldwell Banker Riviera Realty

Last Buyer's Agent

Mark Pasch

Pasch Real Estate License #1222792

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,279

Year Built

  • Built in 1890

Lot Details

  • Lot Dimensions are 30 x 59
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,969 Sq Ft Home
  • 3-Story Property
  • Greenhouse Windows
  • Ocean Views
  • Basement Fills Entire Space Under The House
  • Storm Doors

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Oceanside

Schools

  • Neptune Middle School

Utilities

  • Multiple cooling system units
  • Central Air
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Ocean Grove Subdivision

Listing and Financial Details

  • The owner pays for hot water, water, sewer, heat, gas, garbage removal, electricity, association fees
  • Assessor Parcel Number 35-00147-0000-00022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,279

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Corner Lot, Oceanside
  • Subdivision Name: Ocean Grove
  • Reso Flooring: Linoleum/Vinyl, Wood, Ceramic Tile
  • New Construction: No
  • Year Built: 1890
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 30 x 59
  • Location Middle School: Neptune
  • Lot Description Corner Lot: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Storm Door(s): Yes
  • Cooling Multi Units: Yes
  • Exterior Ocean View: Yes
  • Exterior Greenhouse Window: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 AC Unit3: Yes
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Oceanview
  • Waterfront: No
  • Exterior Features: Greenhouse Window, Storm Door(s), Ocean View
  • Construction:Siding - Vinyl: Yes

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: Radiant, HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Radiant: Yes

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 30 x 59
  • Parcel #: 35-00147-0000-00022

Rental Info

  • Owner Pays: Hot Water, Water, Sewer, Heat, Gas, Garbage Removal, Electricity, Association Fees

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 16279.0
  • Tax Other Annual Assessment Amount: 730000.0

Multi Family

  • Number Of Units Total: 3

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
8.78%
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

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 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

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

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21713110

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00147-0000-00022