NOT LISTED FOR SALE

510 E Arverne Ave Ocean Gate, NJ 08740

Estimated Value: $341,000 - $399,000

3 Beds
2 Baths
-- Sq Ft
4,008 Sq Ft Lot

Last Sold June 05, 2019

Last sale price $95,000

Est. 282% increase in value since last sale

Current estimated payment $2,316/month

17 Days on Market

Highlights

  • Cape Cod Architecture
  • 1.5 Car Detached Garage
  • Patio
  • No HOA
  • Multiple cooling system units
  • Wood Siding

About This Home

As of June 2019

Priced for a quick sale! Not a short sale. New investment opportunity in Ocean Gate. Cute house in a nice area near downtown Ocean Gate and park area. 1 bedroom 1 bath downstairs, 1, possibly 2, bedrooms and 1 bath upstairs.
Large detached 1.5 car garage with newer roof. Property sold as-is buyer responsible for CO

Last Agent to Sell the Property

Steven Libman

Melrose Realty, LLC License #0894553 Listed on: 04/29/2019

Last Buyer's Agent

Efrayim Lax

Waxman Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,646

Year Built

  • Built in 1915

Lot Details

  • 4,008

Parking

  • 1.5 Car Detached Garage
  • Driveway

Home Design

  • Cape Cod Architecture
  • Shingle Roof
  • Wood Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Additional Features

  • Patio
  • Lot Dimensions are 40 x 100

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 22-00060-0000-00002

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,646

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subdivision Name: None
  • Architectural Style: Detached, Cape
  • New Construction: No
  • Year Built: 1915
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 40 x 100
  • Location Middle School: Central Reg Middle
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Style Cape: Yes
  • Cooling Multi Units: Yes
  • Siding Wood2: Yes
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Shingle, Wood
  • Waterfront: No
  • Exterior Features: Patio
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.5
  • Parking Features: Driveway
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Natural Gas, HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Central Reg Middle

Lot Info

  • Lot Dimensions: 40 x 100
  • Parcel #: 22-00060-0000-00002
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 3646.0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2021
Sold by
Oc Equities Llc
Bought by
510 E Arverne Llc
Current Estimated Value
$363,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Outstanding Balance
$170,572
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$200,266

Purchase Details

Listed on
Apr 29, 2019
Closed on
Jun 3, 2019
Sold by
Rich Ruth and Estate Of John J Knyff
Bought by
Oc Equities Llc
Seller's Agent
Steven Libman
Melrose Realty, LLC
Buyer's Agent
Efrayim Lax
Waxman Realty
Sold Price
$95,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.19%
Original Mortgage
$100,080
Interest Rate
4.2%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
510 E Arverne Llc -- Madison Title Agency Llc
510 E Arverne Llc -- Madison Title
Oc Equities Llc $72,835 River Edge Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 510 E Arverne Llc $187,500
Closed 510 E Arverne Llc $187,500
Previous Owner Oc Equities Llc $100,080
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2019 06/05/19 Sold $95,000 -- --
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 $4,863 $295,800 $136,000 $159,800
2024 $4,356 $295,800 $136,000 $159,800
2023 $4,013 $144,300 $60,700 $83,600
2022 $4,013 $144,300 $60,700 $83,600
2021 $3,841 $144,300 $60,700 $83,600
2020 $3,872 $144,300 $60,700 $83,600
2019 $3,778 $144,300 $60,700 $83,600
2018 $3,646 $144,300 $60,700 $83,600
2017 $3,619 $144,300 $60,700 $83,600
2016 $3,090 $144,300 $60,700 $83,600
2015 $2,883 $166,000 $100,000 $66,000
2014 $2,898 $166,000 $100,000 $66,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Steven Libman

    Melrose Realty, LLC

  • E

    Buyer's Agent in 2019

    Efrayim Lax

    Waxman Realty

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21917536

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00060-0000-00002

New Jersey Ocean County Ocean Gate 08721

510 E Arverne Ave, Ocean Gate, NJ

Not Listed for Sale

Detached

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