NOT LISTED FOR SALE

431 E Cape May Ave Unit 763 Ocean Gate, NJ 08740

Estimated Value: $351,176 - $437,000

2 Beds
1 Bath
-- Sq Ft
7,841 Sq Ft Lot

Last Sold April 19, 2023

Last sale price $250,000

Est. 53% increase in value since last sale

Current estimated payment $2,442/month

192 Days on Market

Highlights

  • No HOA
  • Eat-In Kitchen
  • Ceramic Tile Flooring
  • Double-Wide Driveway
  • Shed
  • Forced Air Heating and Cooling System

About This Home

As of April 2023

Ranch home situated on an oversized 80x100 lot in the quaint waterfront community of Ocean Gate. Welcoming front patio, living room with an abundance of natural lighting & pocket doors. Spacious eat-in-kitchen with exterior access. Large first bedroom with double closets. Second bedroom currently used as an office. Full bath with shower stall, extra cabinetry, and room for laundry too. Attached exterior entry utility room. Double-wide driveway, rear deck and shed. Central air, natural gas heat and public utilities. Close proximity to the pavilion, beach, walking boards, playground & yacht club. Bring some TLC and make it home.

Last Agent to Sell the Property

Lorraine Petersen

RE/MAX New Beginnings Realty-Toms River License #0122401 Listed on: 05/04/2022

Last Buyer's Agent

Robert Kosinski

RE/MAX Gateway License #1643938

RE/MAX Gateway

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,863

Year Built

  • Built in 1945

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 80 x 100

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Light Fixtures
  • Blinds
  • Crawl Space
  • Pull Down Stairs to Attic
  • Dryer

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Stove

Flooring

  • Wall to Wall Carpet
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Primary Bathroom includes a Walk-In Shower

Parking

  • Double-Wide Driveway
  • Gravel Driveway
  • Paved Parking

Outdoor Features

  • Shed
  • Storage Shed

Schools

  • Ocean Gate Elementary School
  • Central Reg Middle School
  • Central Regional High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: Paintings/pictures, office furniture, bicycles in utility room & electric chain saw.
  • Assessor Parcel Number 22-00054-0000-00014

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,863

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inclusions: Blinds/Shades, Ceiling Fan(s), Dryer, Light Fixtures, Stove, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Ranch
  • Reso Flooring: Linoleum, Ceramic Tile, Other
  • Reso Interior Features: Attic - Pull Down Stairs
  • Reso Other Structures: Storage Shed
  • Year Built: 1945
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.18
  • General Property Info Lot Dimensions: 80 x 100
  • Location Middle School: Central Reg Middle
  • Interior Attic - Pull Down Stairs: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Kitchen Floor - LinoleumVinyl4: Yes
  • Water Heater Natural Gas2: Yes
  • Out Buildings Storage Shed: Yes
  • Exterior Shed: Yes
  • Parking Double Wide Drive: Yes
  • Included BlindsShades: Yes
  • Included Light Fixtures: Yes
  • Living Room Floor - WW Carpet7: Yes
  • Included Ceiling Fan(s): Yes
  • Style Ranch: Yes
  • Kitchen Eat-In: Yes
  • Floors Linoleum: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1
  • Basement:Crawl Space: Yes
  • Appliances Included:Dryer: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bath:Shower Stall: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.18
  • Topography: Level
  • Waterfront: No
  • Exclusions: Paintings/pictures, office furniture, bicycles in utility room & electric chain saw.
  • Exterior Features: Shed
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Gravel, Double Wide Drive, Driveway
  • General Property Info:Garage: No
  • Parking Driveway: Yes
  • Parking:Gravel2: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Central Reg Middle

Lot Info

  • Lot Dimensions: 80 x 100
  • Lot Size Sq Ft: 7840.8
  • Parcel #: 22-00054-0000-00014
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3863.0

MLS Schools

  • Elementary School: Ocean Gate
  • High School: Central Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2022
Closed on
Apr 4, 2023
Sold by
Conoshenti Donna M
Bought by
900 Narragansette Llc
Seller's Agent
Lorraine Petersen
RE/MAX New Beginnings Realty-Toms River
Buyer's Agent
Robert Kosinski
RE/MAX Gateway
List Price
$225,000
Sold Price
$250,000
Premium/Discount to List
$25,000
11.11%
Views
233
Current Estimated Value
$381,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,294
Avg. Annual Appreciation
19.26%
Original Mortgage
$175,000
Outstanding Balance
$170,976
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$206,552
Source: Public Records

Range of Values:

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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
900 Narragansette Llc $250,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 900 Narragansette Llc $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2023 04/19/23 Sold $250,000 +11.1% --
11/12/2022 11/12/22 Pending -- -- --
10/26/2022 10/26/22 For Sale $225,000 0.0% --
05/10/2022 05/10/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $225,000 -- --
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 $4,381 $315,200 $188,500 $126,700
2023 $4,035 $145,100 $74,700 $70,400
2022 $4,035 $145,100 $74,700 $70,400
2021 $3,863 $145,100 $74,700 $70,400
2020 $3,893 $145,100 $74,700 $70,400
2019 $3,799 $145,100 $74,700 $70,400
2018 $3,667 $145,100 $74,700 $70,400
2017 $3,639 $145,100 $74,700 $70,400
2016 $3,610 $145,100 $74,700 $70,400
2015 $4,060 $199,200 $122,500 $76,700
2014 $4,078 $199,200 $122,500 $76,700
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lorraine Petersen

    RE/MAX

  • Robert Kosinski

    Buyer's Agent in 2023

    Robert Kosinski

    RE/MAX

    (732) 996-7448

    20 in this area

    271 Total Sales

    Robert Kosinski
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22213187

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00054-0000-00014

New Jersey Ocean County Ocean Gate 08740

431 E Cape May Ave Unit 763, Ocean Gate, NJ

This home is located at 431 E Cape May Ave Unit 763, Ocean Gate, NJ 08740 since 04 May 2022 and is currently estimated at $381,294. This property was built in 1945. 431 E Cape May Ave Unit 763 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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