NOT LISTED FOR SALE

5 Ocean Ave Unit 2 Ocean Grove, NJ 07756

Estimated Value: $489,191 - $583,000

1 Bed
1 Bath
-- Sq Ft
305 Sq Ft Lot

Last Sold September 18, 2019

Last sale price $380,000

Est. 44% increase in value since last sale

Current estimated payment $3,623/month

Highlights

  • Beach Front
  • Fitness Center
  • Wood Flooring
  • Ocean View
  • Deck
  • 3-minute walk to Founder's Park

About This Home

As of July 2022

OCEANFRONT SUMMER STUDIO - Avail for FULL MONTH OF JULY 2022. Watch the sunrise every morning from this bright and sunny, top floor studio apartment with spectacular views of the Atlantic Ocean plus just 100 feet to boardwalk and a few blocks to Asbury Park dining and entertainment. Newly redecorated with practical and modern furnishings inc a new queen bed with storage, new modern sofa, SMART TV and Wifi, fully stocked kitchen with dishwasher and spacious bathroom with tub/shower. Sliding doors to small open deck facing the Ocean. Guest laundry in basement. Air conditioning, SMART TV, and Wifi included as well as 2 Ocean Grove beach badges. $5,500 for FULL MONTH OF JULY. $500 Security deposit and $125 cleaning fee. Sorry, no pets. Must be non-smoker.

Last Agent to Rent the Property

Michele DeRose

RE/MAX Gateway License #1969530 Listed on: 03/08/2022

RE/MAX Gateway

Last Renter's Agent

Michele DeRose

RE/MAX Gateway License #1969530 Listed on: 03/08/2022

RE/MAX Gateway

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,827

Year Built

  • 1889

Lot Details

  • 305

Property Views

  • Ocean
  • Bay

Interior Spaces

  • 3-Story Property
  • Furnished
  • Beamed Ceilings
  • Bay Window
  • Sliding Doors
  • Living Room
  • Wood Flooring
  • Basement

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Primary Bathroom Bathtub Only

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Deck
  • Porch

Schools

  • Neptune Middle School

Utilities

  • Multiple cooling system units
  • Heating Available

Additional Features

  • Beach Front
  • Upper Level

Listing and Financial Details

  • Security Deposit $500
  • Month-to-Month Lease Term
  • Assessor Parcel Number 35-00107-0000-00011-0000-c2

Community Details

Overview

  • Ocean Grove Subdivision

Recreation

  • Fitness Center

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,827

Year Built

1889

Lot Details

0

Rental Info

  • Furnished: Furnished

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Inclusions: Washer, Stove, Microwave, Refrigerator, Dishwasher, Dryer
  • Subdivision Name: Ocean Grove
  • Architectural Style: Upper Level
  • Reso Flooring: Wood
  • Reso Interior Features: Bay/Bow Window, Ceilings - Beamed, Sliding Door
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Assigned Parking: No
  • General Property Info Pool: No
  • Interior Sliding Door: Yes
  • Water Type Oceanfront: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Location Middle School: Neptune
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • General Property Info Handicap Access: No
  • Exterior Porch - Open: Yes
  • Garage None4: Yes
  • Kitchen Sliding Door5: Yes
  • Interior BayBow Window: Yes
  • ExteriorDeck: Yes
  • Maintenance Fees Security Deposit3: 500.0
  • Lease Requirements Security Deposit4: Yes
  • Cooling Multi Units: Yes
  • GreatFamily Room BayBow Window5: Yes
  • Furnished Full2: Yes
  • Dining Room BayBow Window3: Yes
  • Interior Ceilings - Beamed: Yes
  • Water Type Beachfront: Yes
  • Lease Terms Month to Month: Yes
  • Living Room Floor - Wood Floor2: Yes
  • Common Elements Common Laundry: Yes
  • Exterior Oceanfront3: Yes
  • Special Features: None
  • Year Built: 1889

Interior Features

  • Basement: Other
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 3
  • Stories: 3
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • BasementOther: Yes
  • Primary Bath Tub2: Yes

Exterior Features

  • Waterfront Features: Beachfront, Oceanfront, Oceanview
  • Waterfront: Yes
  • Exterior Features: Deck, Porch - Open, Oceanfront

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: See Remarks, Other
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Parcel #: 35-00107-0000-00011-0000-c2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 1995
Sold by
Whalen Joseph
Bought by
Manni Robert
Current Estimated Value
$546,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Outstanding Balance
$1,125
Interest Rate
7.37%
Estimated Equity
$560,875
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
Manni Robert $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manni Robert $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Rented $11,000 +100.0% --
03/08/2022 03/08/22 For Rent $5,500 -59.3% --
01/21/2021 01/21/21 Rented $13,500 -3.6% --
01/07/2021 01/07/21 Under Contract -- -- --
12/31/2020 12/31/20 For Rent $14,000 +160.9% --
01/13/2020 01/13/20 Rented $5,367 0.0% --
09/18/2019 09/18/19 Sold $380,000 -- --
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 $8,827 $525,700 $263,300 $262,400
2024 $8,105 $513,500 $263,300 $250,200
2023 $8,105 $456,900 $257,000 $199,900
2022 $7,893 $423,900 $257,000 $166,900
2021 $6,047 $380,000 $126,600 $253,400
2020 $7,921 $379,900 $126,600 $253,300
2019 $6,047 $286,200 $96,400 $189,800
2018 $6,110 $286,200 $96,400 $189,800
2017 $6,246 $280,600 $90,800 $189,800
2016 $6,135 $275,100 $90,800 $184,300
2015 $6,025 $275,100 $90,800 $184,300
2014 $6,633 $248,900 $82,100 $166,800
Source: Public Records

Agents Affiliated with this Home

  • Michele DeRose

    Landlord's Agent in 2022

    Michele DeRose

    RE/MAX

    (732) 361-0770

    13 in this area

    21 Total Sales

    Michele DeRose
    Section Image
  • Jack Green

    Seller's Agent in 2019

    Jack Green

    Jack Green Realty

    (732) 832-9685

    52 in this area

    77 Total Sales

    Jack Green
    Section Image
  • Michelle Green

    Seller Co-Listing Agent in 2019

    Michelle Green

    Jack Green Realty

    (908) 433-3074

    55 in this area

    86 Total Sales

    Michelle Green
    Section Image

  • M

    Buyer's Agent in 2019

    Margaret Sieczkowski

    Jack Green Realty

    (201) 961-2614

    25 in this area

    33 Total Sales

    Margaret Sieczkowski
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22206404

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00107-0000-00011-0000-C2

New Jersey Monmouth County Ocean Grove 07756

5 Ocean Ave Unit 2, Ocean Grove, NJ

This home is located at 5 Ocean Ave Unit 2, Ocean Grove, NJ 07756 since 08 March 2022 and is currently priced at $546,798. This property was built in 1889. 5 Ocean Ave Unit 2 is a home located in Monmouth County with nearby schools including Neptune High School, Hope Academy Charter School, and Our Lady of Mount Carmel 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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