NOT LISTED FOR SALE

435 E Cape May Ave Ocean Gate, NJ 08740

Estimated Value: $336,000 - $403,000

3 Beds
1.5 Baths
1,226 Sq Ft
$302/Sq Ft Est. Value

Last Sold March 24, 2023

Last sale price $269,000 $219 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,339/month

Highlights

  • New Kitchen
  • Deck
  • Eat-In Kitchen
  • Cape Cod Architecture
  • Bonus Room
  • Crown Molding

About This Home

As of August 2023

Renovated and affordable, this three bedroom one and a half bathroom rental, located in desirable Ocean Gate is ready for the summer season. This home boasts an enclosed front porch, recessed lighting, an expansive updated kitchen, vinyl flooring throughout, washer and dryer, central air and a newly fenced in backyard with a deck, perfect for entertaining. Make your plans to check it out today and see all that Ocean Gate has to offer!

Last Agent to Rent the Property

Marcello Carboni

RE/MAX at Barnegat Bay Listed on: 07/07/2023

Co-Listed By

Robert Lange

RE/MAX Gateway License #1329516

Last Renter's Agent

Anthony Mediate

EXP Realty License #2079586

EXP Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 3,920 Sq Ft Lot
  • Fenced

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 1,226 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Recessed Lighting
  • Living Room
  • Bonus Room
  • Crawl Space

Kitchen

  • New Kitchen
  • Eat-In Kitchen

Flooring

  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • No Garage
  • Off-Street Parking

Outdoor Features

  • Deck

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Security Deposit $4,050
  • Assessor Parcel Number 22-00054-0000-00013

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Rental Info

  • Furnished: Unfurnished

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Co List Office Mls Id: 1227
  • Co List Office Phone: 609-693-5002
  • Subdivision Name: None
  • Architectural Style: Cape Cod
  • Reso Flooring: Vinyl
  • Reso Interior Features: Dec Molding, Recessed Lighting
  • Year Built: 1950
  • Contract Info List PriceSqFt: 2.2
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.09
  • Location Middle School: Central Reg Middle
  • Kitchen Newer: Yes
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Rooms Living Room: Yes
  • Living Room Floor - LinoleumVinyl2: Yes
  • WaterSewer Public Water: Yes
  • Floors Vinyl3: Yes
  • Kitchen Floor - LinoleumVinyl4: Yes
  • Interior Dec Molding: Yes
  • Interior Recessed Lighting: Yes
  • Garage None4: Yes
  • ExteriorDeck: Yes
  • Rooms Bonus Room2: Yes
  • Kitchen Eat-In: Yes
  • Maintenance Fees Security Deposit3: 4050.0
  • Lease Requirements Security Deposit4: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 2
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Acres: 0.09
  • Waterfront: No
  • Exterior Features: Deck, Fence

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

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

Schools

  • Middle Or Junior School: Central Reg Middle

Lot Info

  • Lot Size Sq Ft: 3920.4
  • Parcel #: 22-00054-0000-00013

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2022
Closed on
Feb 28, 2023
Sold by
Tocci Carl
Bought by
Parekh Ashwin
Seller's Agent
Anthony Pezzello
NextHome Realty Premier Properties
Buyer's Agent
Marcello Carboni
Coldwell Banker Realty
List Price
$269,000
Sold Price
$269,000
Views
282
Current Estimated Value
$369,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,645
Avg. Annual Appreciation
12.44%
Original Mortgage
$188,300
Interest Rate
10%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2005
Sold by
Tocci Stephanie
Bought by
Tocci Carl

Purchase Details

Closed on
Nov 9, 2000
Sold by
Venezio Frank
Bought by
Tocci Carl and Stephanine Di Cecco

Purchase Details

Closed on
Mar 23, 1998
Sold by
Bartholomew Walter and Bartholomew Joan
Bought by
Venezio Frank J and Venezia Laura
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Parekh Ashwin $269,000 --
Tocci Carl -- Alta Residential Title Insur
Tocci Carl $82,000 --
Tocci Carl $82,000 --
Venezio Frank J $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Parekh Ashwin $188,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2023 08/15/23 Rented $30,600 +1033.3% --
08/12/2023 08/12/23 Under Contract -- -- --
07/06/2023 07/06/23 For Rent $2,700 0.0% --
03/24/2023 03/24/23 Sold $269,000 0.0% -- View Prior Sale
05/16/2022 05/16/22 For Sale $269,000 0.0% --
04/04/2022 04/04/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $269,000 -- --
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
2025 $4,735 $288,000 $146,000 $142,000
2024 $3,979 $288,000 $146,000 $142,000
2023 $3,665 $131,800 $60,700 $71,100
2022 $3,665 $131,800 $60,700 $71,100
2021 $3,509 $131,800 $60,700 $71,100
2020 $3,536 $131,800 $60,700 $71,100
2019 $3,451 $131,800 $60,700 $71,100
2018 $3,331 $131,800 $60,700 $71,100
2017 $3,306 $131,800 $60,700 $71,100
2016 $3,279 $131,800 $60,700 $71,100
2015 $3,483 $170,900 $100,000 $70,900
2014 $3,498 $170,900 $100,000 $70,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Landlord's Agent in 2023

    Marcello Carboni

    RE/MAX

  • A

    Seller's Agent in 2023

    Anthony Pezzello

    NextHome Realty Premier Properties

  • Robert Lange

    Landlord's Co-Listing Agent in 2023

    Robert Lange

    RE/MAX

    (732) 300-4307

    59 in this area

    381 Total Sales

    Robert Lange
    Section Image

  • M

    Seller Co-Listing Agent in 2023

    Molly Burke

    NextHome Realty Premier Properties

  • Anthony Mediate

    Tenant's Agent in 2023

    Anthony Mediate

    EXP Realty

    (732) 668-5753

    2 in this area

    50 Total Sales

    Anthony Mediate
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22318411

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00054-0000-00013

New Jersey Ocean County Ocean Gate 08740

435 E Cape May Ave, Ocean Gate, NJ

Not Listed for Sale

Detached

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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