NOT LISTED FOR SALE

532 E Bayview Ave Ocean Gate, NJ 08740

Estimated Value: $389,000 - $470,000

2 Beds
1 Bath
800 Sq Ft
$554/Sq Ft Est. Value

Last Sold August 12, 2024

Last sale price $435,000 $544 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,881/month

62 Days on Market

Highlights

  • Guest House
  • 1 Fireplace
  • Oversized Lot
  • Attic
  • No HOA
  • Oversized Parking

About This Home

As of August 2024

Welcome to this charming shore town property located in the quaint town of Ocean Gate. This unique property offers not one, but two separate homes, providing endless possibilities for living arrangements or rental opportunities.The main home is a cozy retreat with 2 bedrooms and 1 bath, perfect for a beachside getaway. The sunroom adds a touch of relaxation and allows for plenty of natural light to fill the space. Additionally, the direct stairway to the unfinished attic presents a world of potential, allowing you to customize the space to your liking. The rear cottage is a fantastic opportunity for rental income or as a guest house. With some updates and vision, this rental cottage is a great way to offset your mortgage or generate additional income. Location is key, and this property does not disappoint. Situated just 2 blocks away from the beach area, you'll have easy access to the sand and surf whenever you desire. Plus, the convenience of local shops and restaurants nearby ensures that you'll never have to travel far for your daily needs or a delicious meal.Don't miss out on this incredible opportunity to own a piece of the charming Ocean Gate community. Schedule a showing today and start living the beachside lifestyle you've always dreamed of!

Last Agent to Sell the Property

Theresa Schiazza

Weichert Realtors License #1224333 Listed on: 03/08/2024

Weichert Realtors

Last Buyer's Agent

THOMAS BISHOP

Jason Mitchell Real Estate New Jersey License #2076901

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,679

Year Built

  • Built in 1925

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 100 x 100
  • Oversized Lot

Parking

  • 2 Car Garage
  • Oversized Parking
  • Driveway

Home Design

  • Shingle Roof

Interior Spaces

  • 800 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Tile Flooring
  • Crawl Space
  • Walkup Attic

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Homes

  • Guest House

Schools

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

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Baseboard Heating
  • Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 22-00065-0000-00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,679

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Oversized
  • Inclusions: AC Units
  • Subdivision Name: None
  • Architectural Style: Other - See Remarks
  • Reso Flooring: Tile
  • Reso Interior Features: Attic, Attic - Walk Up
  • Reso Other Structures: Guest House
  • Year Built: 1925
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.23
  • General Property Info Lot Dimensions: 100 x 100
  • Location Middle School: Central Reg Middle
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 1.0
  • Interior Attic: Yes
  • Number Appliances Included A C Units: Yes
  • Lot Description Oversized3: Yes
  • Parking Oversized2: Yes
  • Water Heater Tank: Yes
  • Floors Tile: Yes
  • Cooling Multi Units: Yes
  • Interior Attic - Walk Up: Yes
  • Out Buildings Guest House: Yes
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Acres: 0.23
  • Waterfront: No
  • Exterior Features: Other

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Central Reg Middle

Lot Info

  • Lot Dimensions: 100 x 100
  • Lot Size Sq Ft: 10018.8
  • Parcel #: 22-00065-0000-00005
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5679.0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
Jul 12, 2024
Sold by
Burnett Donald W and Salvo Robyn
Bought by
Reading Andrea D and Reading James W
Seller's Agent
Theresa Schiazza
Weichert Realtors
Buyer's Agent
THOMAS BISHOP
Jason Mitchell Real Estate New Jersey
List Price
$425,000
Sold Price
$435,000
Premium/Discount to List
$10,000
2.35%
Views
154
Current Estimated Value
$442,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,810
Avg. Annual Appreciation
1.60%
Original Mortgage
$326,250
Outstanding Balance
$322,614
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$120,196

Purchase Details

Closed on
Oct 13, 2010
Sold by
Burnett Donald
Bought by
Burnett Donald W and Burnett David
Source: Public Records

Range of Values:

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Average Value
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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
Reading Andrea D $435,000 Foundation Title
Reading Andrea D $435,000 Foundation Title
Burnett Donald W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reading Andrea D $326,250
Closed Reading Andrea D $326,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2024 08/12/24 Sold $435,000 +2.4% $544 / Sq Ft
04/09/2024 04/09/24 Pending -- -- --
03/08/2024 03/08/24 For Sale $425,000 0.0% $531 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
02/07/2024 02/07/24 For Sale $425,000 -- $531 / 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
2025 $6,514 $396,200 $191,900 $204,300
2024 $6,165 $396,200 $191,900 $204,300
2023 $5,679 $204,200 $79,400 $124,800
2022 $5,679 $204,200 $79,400 $124,800
2021 $5,436 $204,200 $79,400 $124,800
2020 $5,479 $204,200 $79,400 $124,800
2019 $5,346 $204,200 $79,400 $124,800
2018 $5,160 $204,200 $79,400 $124,800
2017 $5,121 $204,200 $79,400 $124,800
2016 $5,081 $204,200 $79,400 $124,800
2015 $3,756 $184,300 $130,000 $54,300
2014 $3,773 $184,300 $130,000 $54,300
Source: Public Records

Agents Affiliated with this Home

  • Theresa Schiazza

    Seller's Agent in 2024

    Theresa Schiazza

    Weichert Realtors

    (732) 779-1754

    1 in this area

    37 Total Sales

    Theresa Schiazza
    Section Image
  • THOMAS BISHOP

    Buyer's Agent in 2024

    THOMAS BISHOP

    Jason Mitchell Real Estate New Jersey

    (917) 794-1054

    1 in this area

    60 Total Sales

    THOMAS BISHOP
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22403445

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00065-0000-00005

New Jersey Ocean County Ocean Gate 08740

532 E Bayview Ave, Ocean Gate, NJ

This home is located at 532 E Bayview Ave, Ocean Gate, NJ 08740 since 08 March 2024 and is currently estimated at $442,810, approximately $553 per square foot. This property was built in 1925. 532 E Bayview 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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