NOT LISTED FOR SALE

441 E Cape May Ave Ocean Gate, NJ 08740

Estimated Value: $444,000 - $577,681

5 Beds
2 Baths
-- Sq Ft
8,015 Sq Ft Lot

Last Sold August 05, 2019

Last sale price $205,000

Est. 148% increase in value since last sale

Current estimated payment $3,339/month

182 Days on Market

Highlights

  • Wood Flooring
  • Double-Wide Driveway
  • 1 Car Attached Garage
  • Converted Garage
  • Thermal Windows
  • Multiple cooling system units

About This Home

As of August 2019

INVESTMENT OPPORTUNITY IN THE QUAINT BAYSIDE COMMUNITY OF OCEAN GATE! 1st floor with 2 bedrooms 1 bath & a possible 3rd bedroom rents for $1600 per month and the 2nd floor with 2 beds 1 bath rents for $1375 per month. Both units currently occupied. Many possibilities, rent both units out or live in one and rent the other to pay mortgage. Garage has been converted for tenant storage and has separate washer & dryer hookups for each unit. Huge 80x100 yard with storage shed. Short walk to the Ocean Gate Beach, boardwalk, downtown & restaurants. Come check it out today!

Last Agent to Sell the Property

Bonnie Kremer

Diane Turton, Realtors-Wall License #0342432 Listed on: 01/28/2019

Diane Turton, Realtors-Wall

Last Buyer's Agent

Ron Stoner

RE/MAX Bay Point Realtors License #9231127

RE/MAX Bay Point Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,739

Year Built

  • Built in 1945

Lot Details

  • Lot Dimensions are 80 x 100
  • Fenced

Parking

  • 1 Car Attached Garage
  • Converted Garage
  • Common or Shared Parking
  • Double-Wide Driveway
  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 2-Story Property
  • Thermal Windows
  • Wood Flooring
  • Crawl Space
  • Stove

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Shed

Schools

  • Central Regional High School

Utilities

  • Multiple cooling system units
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Washers and Dryers belong to tenants
  • Assessor Parcel Number 22-00054-0000-00012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,739

Year Built

Built in 1945

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Reso Flooring: Linoleum/Vinyl, W/W Carpet, Wood
  • Reso Interior Features: Cable TV, Fire Sprinkler
  • New Construction: No
  • Year Built: 1945
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 80 x 100
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Thermal Window: Yes
  • SidingBrick: Yes
  • Cooling Multi Units: Yes
  • Siding Clapboard: Yes
  • Exterior Shed3: Yes
  • Parking Double Wide: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dryer2: Yes
  • Garage Converted: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space, Slab
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Basement:Slab: Yes
  • Basement:Crawl Space: Yes
  • Features Interior:Cable TV: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: Washers and Dryers belong to tenants
  • Construction Type: Brick, Clapboard
  • Exterior Features: Fence, Patio, Thermal Window

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Paved, Common, Off Street, Double Wide, Converted Garage
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • GarageParking:Common: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 80 x 100
  • Parcel #: 22-00054-0000-00012
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 5739.0
  • Tax Other Annual Assessment Amount: 227100.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Central Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2019
Closed on
Aug 5, 2019
Sold by
Colonnelli Lisa
Bought by
Sweeney John T
Seller's Agent
Bonnie Kremer
Diane Turton, Realtors-Wall
Buyer's Agent
Ron Stoner
RE/MAX Bay Point Realtors
Sold Price
$205,000
Current Estimated Value
$507,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,920
Avg. Annual Appreciation
15.22%

Purchase Details

Closed on
Aug 7, 2007
Sold by
Renhan Llc
Bought by
Colonnelli Nino and Colonnelli Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,200
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 2006
Sold by
Hoffman Joseph
Bought by
Renhan Llc

Purchase Details

Closed on
Aug 8, 2000
Sold by
Kalicinski Christopher
Bought by
Hoffman Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.21%

Purchase Details

Closed on
Aug 23, 1996
Sold by
Wilks Roger P
Bought by
Kalicinski Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
8.11%
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 Buyer Sale Price Title Company
Sweeney John T $205,000 Vintage Title Services Llc
Colonnelli Nino $275,000 First Option Title Agency Ll
Renhan Llc $250,000 None Available
Hoffman Joseph $60,000 --
Kalicinski Christopher $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Colonnelli Nino $203,250
Previous Owner Colonnelli Nino $222,200
Previous Owner Hoffman Joseph F $205,000
Previous Owner Hoffman Joseph $60,000
Previous Owner Kalicinski Christopher $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2019 08/05/19 Sold $205,000 0.0% --
03/17/2016 03/17/16 Rented $1,600 +23.1% --
08/04/2015 08/04/15 Rented $1,300 0.0% --
09/21/2012 09/21/12 Rented -- -- --
09/21/2012 09/21/12 Under Contract -- -- --
08/18/2011 08/18/11 For Rent $1,300 -- --
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 $6,856 $444,100 $188,500 $255,600
2023 $6,316 $227,100 $74,700 $152,400
2022 $6,316 $227,100 $74,700 $152,400
2021 $6,045 $227,100 $74,700 $152,400
2020 $6,093 $227,100 $74,700 $152,400
2019 $5,945 $227,100 $74,700 $152,400
2018 $5,739 $227,100 $74,700 $152,400
2017 $5,696 $227,100 $74,700 $152,400
2016 $5,650 $227,100 $74,700 $152,400
2015 $5,935 $291,200 $122,500 $168,700
2014 $5,961 $291,200 $122,500 $168,700
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Bonnie Kremer

    Diane Turton, Realtors-Wall

    (732) 292-1400

    1 Total Sale

    Bonnie Kremer
    Section Image
  • Ron Stoner

    Buyer's Agent in 2019

    Ron Stoner

    RE/MAX

    (732) 267-7423

    94 Total Sales

    Ron Stoner
    Section Image

  • R

    Buyer's Agent in 2019

    Ronald Stoner

    Coldwell Banker Riviera Realty

  • T

    Seller's Agent in 2016

    Thomas Landau

    Crossroads Realty Inc-Lavallette

    Section Image

  • M

    Buyer's Agent in 2016

    Matthew DeMichele

    Childers Sotheby's Intl Realty

    Section Image

  • G

    Seller's Agent in 2012

    Gyongyi Kocak

    RE/MAX

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21903615

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00054-0000-00012

New Jersey Ocean County Ocean Gate 08740

441 E Cape May Ave, Ocean Gate, NJ

This home is located at 441 E Cape May Ave, Ocean Gate, NJ 08740 since 28 January 2019 and is currently estimated at $507,920. This property was built in 1945. 441 E Cape May Ave 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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