NOT LISTED FOR SALE

510 E Arverne Ave Ocean Gate, NJ 08740

Estimated Value: $376,000 - $394,025

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

Last Sold June 05, 2019

Last sale price $95,000

Est. 307% increase in value since last sale

Current estimated payment $2,446/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
  • 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
$386,506

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
$215,934

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
24.91%
Original Mortgage
$100,080
Interest Rate
4.2%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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 Change Sq Ft Price
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

This home is located at 510 E Arverne Ave, Ocean Gate, NJ 08740 since 29 April 2019 and is currently estimated at $386,506. This property was built in 1915. 510 E Arverne 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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