NOT LISTED FOR SALE

5 Arbor Way Ocean, NJ 07712

Estimated Value: $662,000 - $746,234

3 Beds
1.5 Baths
2,285 Sq Ft
$300/Sq Ft Est. Value

Last Sold March 17, 2025

Last sale price $640,000 $280 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,315/month

46 Days on Market

Highlights

  • Custom Home
  • Backs to Trees or Woods
  • Bonus Room
  • Deck
  • Wood Flooring
  • No HOA

About This Home

As of March 2025

*** Hugh Price Reduction*** Premier location in prestigious Wayside. This 3-bedroom, 1.5 bath can be expanded to a 4 or 5-bedroom home within its current square footage. One room upstairs could be used as a possible 4th bedroom if a closet is added. There is the possibility of adding a 5th bedroom and another bathroom in the unfinished area on the second floor.
Living room, dining room and the 3 bedrooms have hardwood floors. there is a bonus room on the first level.
Large full finished basement, has a wood burning fireplace
A little bit of updating will make this home a gem and surely increase the value in this wonderful neighborhood.

More pictures are coming soon

Last Agent to Sell the Property

Chris Neyhart

Preferred Properties Real Estate License #0226224 Listed on: 12/27/2024

Co-Listed By

Mark Brennan

Preferred Properties Real Estate License #0678127

Last Buyer's Agent

Cindy Nelson

Nelson Realtors License #8340164

Nelson Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,270

Year Built

  • Built in 1956

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 100 x 115
  • Fenced
  • Level Lot
  • Backs to Trees or Woods

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Custom Home
  • Shingle Roof

Interior Spaces

  • 2,285 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Bonus Room
  • Wood Flooring
  • Gas Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement

Outdoor Features

  • Deck

Schools

  • Wayside Elementary School
  • Ocean Middle School
  • Ocean Twp 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

  • Assessor Parcel Number 37-00037-11-00012

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,270

Year Built

Built in 1956

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Back to Woods
  • Co List Office Mls Id: 2517
  • Co List Office Phone: 732-224-9200
  • Inclusions: Central Vacuum, Refrigerator, Garage Door Opener, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Custom
  • Year Built: 1956
  • Contract Info List PriceSqFt: 277.9
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.26
  • General Property Info Lot Dimensions: 100 x 115
  • Location Middle School: Ocean
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Lot Description Back to Woods: Yes
  • Included Gas Cooking: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info # Fireplaces: 1.0
  • ExteriorDeck: Yes
  • Rooms Bonus Room2: Yes
  • Basement Fireplace - Woodburning8: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Finished, Full
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 1
  • Basement Finished: Yes
  • Full Basement: Yes
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Central Vacuum: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom Level:First43: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.26
  • Topography: Level
  • Waterfront: No
  • Exclusions: Personal property
  • Exterior Features: Deck, Fence

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Driveway, Off Street
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Driveway: Yes
  • _pound_ AppliancesIncluded:Garage Door Opener: 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: Ocean

Lot Info

  • Lot Dimensions: 100 x 115
  • Lot Size Sq Ft: 11325.6
  • Parcel #: 37-00037-11-00012
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9270.0

MLS Schools

  • Elementary School: Wayside
  • High School: Ocean Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2024
Closed on
Mar 13, 2025
Sold by
Harshman Jeffrey W and Harshman Brenda S
Bought by
Martin Jeremiah Joseph and Nelson Heidi
Seller's Agent
Chris Neyhart
Preferred Properties Real Estate
Buyer's Agent
Cindy Nelson
Nelson Realtors
List Price
$739,000
Sold Price
$640,000
Premium/Discount to List
-$99,000
-13.4%
Views
42
Current Estimated Value
$686,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,059
Avg. Annual Appreciation
8.73%
Original Mortgage
$440,000
Outstanding Balance
$437,757
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$248,302
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Martin Jeremiah Joseph $640,000 None Listed On Document
Martin Jeremiah Joseph $640,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Jeremiah Joseph $440,000
Closed Martin Jeremiah Joseph $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2025 03/17/25 Sold $640,000 +0.8% $280 / Sq Ft
02/12/2025 02/12/25 Pending -- -- --
02/01/2025 02/01/25 Price Changed $635,000 -9.2% $278 / Sq Ft
01/15/2025 01/15/25 Price Changed $699,000 -5.4% $306 / Sq Ft
12/27/2024 12/27/24 For Sale $739,000 -- $323 / Sq Ft
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 $8,739 $630,700 $463,600 $167,100
2024 $9,270 $612,800 $378,800 $234,000
2023 $9,270 $606,300 $378,800 $227,500
2022 $7,031 $530,400 $313,800 $216,600
2021 $7,031 $357,800 $178,800 $179,000
2020 $7,044 $353,800 $178,800 $175,000
2019 $7,294 $357,700 $183,800 $173,900
2018 $7,951 $379,700 $213,800 $165,900
2017 $7,373 $350,600 $193,800 $156,800
2016 $7,573 $323,900 $178,800 $145,100
2015 $7,393 $320,200 $178,800 $141,400
2014 $7,716 $338,700 $193,800 $144,900
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2025

    Chris Neyhart

    Preferred Properties Real Estate

    (732) 245-8048

    1 in this area

    11 Total Sales

    Chris Neyhart
    Section Image

  • M

    Seller Co-Listing Agent in 2025

    Mark Brennan

    Preferred Properties Real Estate

    (732) 224-9200

    1 in this area

    24 Total Sales

    Mark Brennan
    Section Image
  • Cindy Nelson

    Buyer's Agent in 2025

    Cindy Nelson

    Nelson Realtors

    (732) 774-5554

    2 in this area

    145 Total Sales

    Cindy Nelson
    Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22435625

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 37-00037-11-00012

New Jersey Monmouth County Ocean 07712

5 Arbor Way, Ocean, 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.

Nearby Homes