NOT LISTED FOR SALE

45 Ocean Ave Unit 12L Monmouth Beach, NJ 07750

Estimated Value: $651,876 - $765,000

1 Bed
1.5 Baths
1,000 Sq Ft
$750/mo HOA Fee

Last Sold September 14, 2020

Last sale price $437,500 $438 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,019/month

184 Days on Market

Highlights

  • Ocean Front
  • Fitness Center
  • Community Center
  • Monmouth Beach School District Rated A
  • Indoor Pool
  • Balcony

About This Home

As of September 2020

AMAZING OCEAN VIEWS FROM THE PENTHOUSE. 1 bedroom w/walk-in closet, 1 1⁄2 bath condo w/balcony! ''The Shores'' checks all the boxes of what you want in condo living. Whether you're looking for a day of activity or just taking a stroll along the beach, this is the place to be! Amenities includes direct beach access w/chair & umbrella service, 24 hr. concierge desk, heated, year-round, indoor pool, outdoor pool, fitness center, tennis, cafe in lobby, electric car charging station for residents, community room. Keep your beach gear in your storage closet at end of hall near the two Elevators. Visit nearby Pier Village, Red Bank, & Asbury Pk. Convenient commute to NYC by car, train, & high-speed Ferry. New windows in 2014. New Microwave in 2019. Newer AC, Heat, Fridge & dishwasher. No pets.

Last Agent to Sell the Property

Robert Cox

Crossroads Realty Ocean Cty Regional Office License #1536806 Listed on: 09/01/2020

Crossroads Realty Ocean Cty Regional Office

Last Buyer's Agent

David Wood

Weichert Realtors-Rumson

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,470

Year Built

  • Built in 1976

Lot Details

  • 174

HOA Fees

  • $750 Monthly HOA Fees

Home Design

  • Flat Roof Shape

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Living Room
  • Storage
  • Water Views

Kitchen

  • Electric Cooktop
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Primary Bathroom Bathtub Only

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Off-Street Parking

Pool

  • Indoor Pool
  • In Ground Pool
  • Outdoor Pool

Schools

  • Monmouth Beach Elementary And Middle School

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Balcony
  • Ocean Front
  • Upper Level

Listing and Financial Details

  • Assessor Parcel Number 34-00048-01-00012-12

Community Details

Overview

  • Front Yard Maintenance
  • Association fees include common area, lawn maintenance, pool, snow removal
  • High-Rise Condominium
  • The Shores Subdivision

Amenities

  • Common Area
  • Community Center
  • Recreation Room

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Snow Removal

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,470

Year Built

Built in 1976

Lot Details

0

HOA Fees

$750 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • ResoLotFeatures: Oceanfront
  • ResoPoolFeatures: In Ground, Indoor
  • Reso Association Amenities: Tennis Court, Professional Management, Exercise Room, Community Room, Swimming, Pool
  • Reso Association Fee Includes: Common Area, Lawn Maintenance, Pool, Snow Removal
  • Inclusions: AC Units, Washer, Blinds/Shades, Ceiling Fan(s), Dishwasher, Dryer, Electric Cooking, Microwave, Stove, Refrigerator
  • Subdivision Name: The Shores
  • Architectural Style: High Rise, Upper Level, Condo
  • Reso Flooring: Ceramic Tile, Laminate, W/W Carpet
  • Reso Interior Features: Balcony, Sliding Door
  • New Construction: No
  • Year Built: 1976
  • Contract Info List PriceSqFt: 445.0
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Interior Sliding Door: Yes
  • Water Type Oceanfront: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • Exterior Balcony2: Yes
  • Exterior Swimming: Yes
  • Common Elements Community Room: Yes
  • Common Elements Exercise Room: Yes
  • Common Elements Pool4: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Pool3: Yes
  • Lot Description Oceanfront2: Yes
  • Location Middle School: Monmouth Beach
  • Water Heater Electric2: Yes
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Interior Balcony: Yes
  • Included BlindsShades: Yes
  • Included Electric Cooking: Yes
  • Living Room Floor - WW Carpet7: Yes
  • Number Appliances Included A C Units: Yes
  • Included Ceiling Fan(s): Yes
  • Floors Laminate: Yes
  • Kitchen Floor - Laminate2: Yes
  • Exterior Tennis Court(s): Yes
  • Common Elements Tennis Court: Yes
  • PoolIndoor: Yes
  • Living Room Sliding Door2: Yes
  • Cooling Multi Units: Yes
  • Style High Rise: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Stories: 1
  • Basement:None2: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Tub: Yes
  • Primary Bedroom:Walk-in Closet: Yes

Exterior Features

  • Roof: Flat
  • Waterfront Features: Oceanfront
  • Waterfront: Yes
  • Exclusions: Personal Property
  • Exterior Features: Balcony, Private Storage, Swimming, Tennis Court(s)
  • Exterior Features:Pool-In Ground: Yes
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Paved, Off Street
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:Paved: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Electric, Electric BB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association Fee: 750.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Fee Includes Lawn Maintenance: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes

Schools

  • Middle Or Junior School: Monmouth Beach

Lot Info

  • Parcel #: 34-00048-01-00012-12
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 4470.0

MLS Schools

  • Elementary School: Monmouth Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Oct 7, 2020
Sold by
West Laura
Bought by
Donaghy Claire
Seller's Agent
Robert Cox
Crossroads Realty Ocean Cty Regional Office
Buyer's Agent
David Wood
Weichert Realtors-Rumson
List Price
$445,000
Sold Price
$437,500
Premium/Discount to List
-$7,500
-1.69%
Current Estimated Value
$708,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,969
Avg. Annual Appreciation
9.69%
Original Mortgage
$200,000
Outstanding Balance
$177,889
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$530,580

Purchase Details

Listed on
Sep 1, 2020
Closed on
Aug 12, 2020
Sold by
West Laura
Bought by
Donaghy Claire
Seller's Agent
Robert Cox
Crossroads Realty Ocean Cty Regional Office
Buyer's Agent
David Wood
Weichert Realtors-Rumson
List Price
$445,000
Sold Price
$437,500
Premium/Discount to List
-$7,500
-1.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$177,889
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$530,580

Purchase Details

Closed on
Apr 28, 2015
Sold by
Hazel Thomas and Hazel Nicole
Bought by
West Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2006
Sold by
Alonso Herbert
Bought by
Hazel Thomas and Hazel Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2004
Sold by
Burke Donald
Bought by
Alonso Herbert and Alonso Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2002
Sold by
Cito Manos
Bought by
Burke Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 1996
Sold by
Morris Mandon
Bought by
Cito Manos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8.37%
Mortgage Type
Purchase Money Mortgage
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
Donaghy Claire $437,500 City Abstract
Donaghy Claire $437,500 City Abstract
West Laura $280,000 Riverside Abstract Nj
Hazel Thomas $400,000 --
Alonso Herbert $410,000 --
Burke Donald $243,000 --
Cito Manos $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donaghy Claire $200,000
Previous Owner Donaghy Claire $200,000
Previous Owner West Laura $224,000
Previous Owner Hazel Thomas $290,000
Previous Owner Alonso Herbert $310,000
Previous Owner Burke Donald $50,000
Previous Owner Cito Manos $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2020 09/14/20 Sold $437,500 -1.7% $438 / Sq Ft
09/05/2020 09/05/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $445,000 0.0% $445 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
06/10/2020 06/10/20 Price Changed $445,000 -1.1% $445 / Sq Ft
03/05/2020 03/05/20 For Sale $450,000 0.0% $450 / Sq Ft
03/15/2014 03/15/14 Rented $22,800 -- --
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 $6,336 $680,200 $429,300 $250,900
2024 $6,336 $652,500 $425,600 $226,900
2023 $6,336 $615,100 $420,000 $195,100
2022 $5,265 $523,700 $336,000 $187,700
2021 $5,265 $415,200 $231,800 $183,400
2020 $4,777 $389,600 $209,400 $180,200
2019 $4,470 $371,900 $122,700 $249,200
2018 $3,999 $325,400 $107,400 $218,000
2017 $3,667 $289,200 $95,400 $193,800
2016 $3,964 $299,600 $98,900 $200,700
2015 $3,766 $299,600 $98,900 $200,700
2014 $4,581 $352,400 $129,200 $223,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22008974

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 34-00048-01-00012-12