NOT LISTED FOR SALE

511 Ocean Gate Ave Ocean Gate, NJ 08740

4 Beds
2 Baths
1,600 Sq Ft
7,841 Sq Ft Lot

Sale Details

Date Sold: December 1, 2020

Last sale price $294,900 $184 Per Sq Ft

80 Days on Market

Highlights

  • Water Views
  • Oversized Parking
  • Electric Baseboard Heater
  • 2 Car Detached Garage
  • Multiple cooling system units
  • Fenced

About This Home

As of December 2020

If you don't know Ocean Gate yet, now is the time to discover this charming beach town tucked away on the Toms River. This is an excellent and rare opportunity for a multi-family, 2 unit duplex with driveway parking, a 2 car detached garage, large fenced yard on an over sized lot. This is perfect if you're looking for an income producing option, or use one side for a primary or summer home and rent out the other. Located on ''The Avenue'' along with shops, restaurants, post office, an eclectic mix of homes, and only 3 blocks to the yacht club and mile long beach and boardwalk, this property offers 2 bedrooms and 1 bathroom per side. Make your plans to check out this great piece of Ocean Gate real estate today!

Last Agent to Sell the Property

Robert Lange

RE/MAX Gateway License #1329516 Listed on: 09/25/2020

RE/MAX Gateway

Co-Listed By

Marcello Carboni

RE/MAX at Barnegat Bay

Last Buyer's Agent

Robert Lange

RE/MAX Gateway License #1329516 Listed on: 09/25/2020

RE/MAX Gateway

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,202

Year Built

  • Built in 1970

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 80 x 100
  • Fenced

Parking

  • 2 Car Detached Garage
  • Oversized Parking

Home Design

  • Duplex

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Water Views
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Central Regional High School

Utilities

  • Multiple cooling system units
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 22-00021-0000-00008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,202

Year Built

Built in 1970

Lot Details

7,841 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Co List Office Mls Id: 1227
  • Co List Office Phone: 609-693-5002
  • Subdivision Name: None
  • Year Built: 1970
  • Contract Info List PriceSqFt: 187.44
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 80 x 100
  • ExteriorFence: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Garage Oversized: Yes
  • Cooling Multi Units: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 1
  • Basement:Crawl Space: Yes

Exterior Features

  • Acres: 0.18
  • Waterfront: No
  • Exterior Features: Fence

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Detached, Oversized
  • General Property Info:Garage: Yes
  • Parking Features:Garage Detached: Yes

Utilities

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

Lot Info

  • Lot Dimensions: 80 x 100
  • Lot Size Sq Ft: 7840.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 22-00021-0000-00008
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 6202.0
  • Tax Other Annual Assessment Amount: 236900.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Central Regional

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2020
Closed on
Dec 1, 2020
Sold by
Bought by
Seller's Agent
Robert Lange
RE/MAX Gateway
Buyer's Agent
Robert Lange
RE/MAX Gateway
List Price
$299,900
Sold Price
$294,900
Premium/Discount to List
-$5,000
-1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Outstanding Balance
$193,544
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 30, 2016
Closed on
Jun 13, 2016
Sold by
Bought by
Seller's Agent
John Glancy
RE/MAX at Barnegat Bay
Buyer's Agent
John Glancy
Coldwell Banker Flanagan Realty
Sold Price
$140,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.36%

Purchase Details

Closed on
Nov 28, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,900
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,000
Interest Rate
5.98%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$294,900 Land Title
$140,000 --
$302,000 Chicago Title Insurance Co
$176,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $217,500
Previous Owner $286,900
Previous Owner $173,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2020 12/01/20 Sold $294,900 -1.7% $184 / Sq Ft
10/02/2020 10/02/20 Pending -- -- --
09/25/2020 09/25/20 For Sale $299,900 0.0% $187 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $299,900 0.0% $187 / Sq Ft
05/17/2019 05/17/19 Rented $16,500 0.0% --
05/15/2019 05/15/19 Rented $16,500 +1122.2% --
05/14/2019 05/14/19 Under Contract -- -- --
11/16/2018 11/16/18 For Rent $1,350 0.0% --
06/30/2016 06/30/16 Sold $140,000 -- $88 / Sq Ft View Prior Sale
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,856 $431,400 $188,500 $242,900
2024 $7,152 $431,400 $188,500 $242,900
2023 $6,588 $236,900 $82,100 $154,800
2022 $6,588 $236,900 $82,100 $154,800
2021 $6,306 $236,900 $82,100 $154,800
2020 $6,356 $236,900 $82,100 $154,800
2019 $6,202 $236,900 $82,100 $154,800
2018 $4,963 $196,400 $82,100 $114,300
2017 $4,926 $196,400 $82,100 $114,300
2016 $4,886 $196,400 $82,100 $114,300
2015 $4,891 $240,000 $122,500 $117,500
2014 $4,913 $240,000 $122,500 $117,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22023579

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22 00021-0000-00008

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