$140,000
SOLD JUN 30, 2016

511 Ocean Gate Ave Ocean Gate, NJ 08740

4 Beds
2 Baths
1,592 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$88 Per Sq Ft

26 Days on Market

About This Home

As of December 2020

Poor condition at time of sale.This was a distressed sale.Great investment opportunity in Ocean Gate. Two units, each with 2 bedrooms and 1 bath. Left side unit has a sunroom. Two car detached garage, public water and sewer, electric baseboard heat.Located close to beaches, bays, parks, shopping and easy Garden State Parkway access.

Last Agent to Sell the Property

John Glancy

RE/MAX at Barnegat Bay License #8830435 Listed on: 04/30/2016

RE/MAX at Barnegat Bay

Last Buyer's Agent

John Glancy Jr.

RE/MAX at Barnegat Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,891

Year Built

  • Built in 1970

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 80x100

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,592 Sq Ft Home
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Central Regional High School

Utilities

  • Heating Available
  • Electric 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

$4,891

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Subdivision Name: None
  • Reso Flooring: Linoleum/Vinyl
  • New Construction: No
  • Year Built: 1970
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 80X100
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Parking Spaces: 2.0
  • Special Features: VirtualTour

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Acres: 0.18
  • Waterfront: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Electric BB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes

Lot Info

  • Lot Dimensions: 80X100
  • Lot Size Sq Ft: 7840.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 22-00021-0000-00008
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 4891.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Central Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2020
Closed on
Dec 1, 2020
Sold by
Brookstone 8 Llc
Bought by
Orluski Melissa and Orluski Stephen
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%
Current Estimated Value
$488,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,653
Avg. Annual Appreciation
11.73%
Original Mortgage
$217,500
Outstanding Balance
$195,739
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$292,814

Purchase Details

Listed on
Apr 30, 2016
Closed on
Jun 13, 2016
Sold by
Us Bank Na
Bought by
Brookstone 8 Llc
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
Marinelli Daniel B
Bought by
Sheedy Benjamin J and Sheedy Ronald E

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
Hale Lucy
Bought by
Marinelli Daniel

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

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

Mortgage History

Date Status Loan Amount Loan Type
Open $217,500 New Conventional
Previous Owner $286,900 New Conventional
Previous Owner $173,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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

  • Robert Lange

    Seller's Agent in 2020

    Robert Lange

    RE/MAX

    (609) 693-5002

    65 in this area

    456 Total Sales

    Robert Lange
    Section Image
  • Marcello Carboni

    Seller Co-Listing Agent in 2020

    Marcello Carboni

    Coldwell Banker Realty

    (732) 644-1562

    10 in this area

    120 Total Sales

    Marcello Carboni
    Section Image
  • John Glancy

    Seller's Agent in 2016

    John Glancy

    RE/MAX at Barnegat Bay

    (732) 914-0074

    77 Total Sales

    John Glancy
    Section Image

  • J

    Buyer's Agent in 2016

    John Glancy Jr.

    RE/MAX

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21616893

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00021-0000-00008

New Jersey Ocean County Ocean Gate 08740

511 Ocean Gate Ave, Ocean Gate, NJ

This home is located at 511 Ocean Gate Ave, Ocean Gate, NJ 08740 and is currently priced at $140,000, approximately $87 per square foot. This property was built in 1970. 511 Ocean Gate 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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