Seller's Agent in 2020
Robert Lange
RE/MAX
(732) 300-4307
63 in this area
443 Total Sales
511 Ocean Gate Ave Ocean Gate, NJ 08740
4
Beds
2
Baths
1,600
Sq Ft
7,841
Sq Ft Lot
Highlights
- Water Views
- Oversized Parking
- Fenced
- 2 Car Detached Garage
- Multiple cooling system units
- Heating Available
About This Home
As of December 2020If 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!
Co-Listed By
Marcello Carboni
RE/MAX at Barnegat Bay
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
- Heating Available
- Natural Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 22-00021-0000-00008
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
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
11.19%
Original Mortgage
$217,500
Outstanding Balance
$195,739
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$288,214
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%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
-
-
Buyer's Agent in 2019
Marcello Carboni
RE/MAX
(732) 644-1562
8 in this area
94 Total Sales
-
Seller's Agent in 2016
John Glancy
RE/MAX at Barnegat Bay
(732) 914-0074
71 Total Sales
-
J
Buyer's Agent in 2016
John Glancy Jr.
RE/MAX
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22023579
APN: 22-00021-0000-00008
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