40 Central Ave Ocean Grove, NJ 07756
5
Beds
4
Baths
3,000
Sq Ft
1,742
Sq Ft Lot
Highlights
- Multiple cooling system units
- Zoned Heating and Cooling System
- 3-minute walk to Greenleaf Park
About This Home
As of May 2024This 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
Compass New Jersey LLC License #0453869 Listed on: 02/25/2024
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
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
8.77%
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
-
Seller's Agent in 2024
Adam Hignite
Compass New Jersey LLC
(917) 549-8675
1 in this area
36 Total Sales
-
Seller Co-Listing Agent in 2024
Robert Lobiondo
Compass New Jersey LLC
(732) 890-9712
2 in this area
36 Total Sales
-
Seller's Agent in 2020
Mark Pasch
Pasch Real Estate
(973) 464-8391
3 in this area
19 Total Sales
-
Buyer's Agent in 2020
Deana Kreher
RE/MAX
(732) 822-0631
10 in this area
67 Total Sales
-
Seller's Agent in 2017
Joanne Platz
Coldwell Banker Riviera Realty
(732) 295-1400
30 Total Sales
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22404558
APN: 35-00147-0000-00022
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