54 Olin St Ocean Grove, NJ 07756
Estimated payment $6,399/month
Total Views
40,488
3
Beds
3
Baths
2,587
Sq Ft
$348
Price per Sq Ft
Highlights
- Popular Property
- Wood Flooring
- No HOA
- Custom Home
- Bonus Room
- 2-minute walk to Greenleaf Park
About This Home
The best deal in Ocean Grove! You can live three blocks to the beach, steps to Main Ave, and a short stroll to Asbury Park. This recently renovated, historic building uniquely provides income from two first floor commercial spaces with a current rent roll that offsets your taxes and insurance. Compared to single family homes of this quality, size, and location, the value is undeniable. Rental income covering the carrying costs is the icing on the cake! Now vacant and easy to show, the residential portion stuns with high ceilings on both levels, three bedrooms and three full bathrooms, a gas fireplace, updated kitchen, large living room and a bonus room. The basement is bone dry. The whole building is equipped with fire suppression. Savvy buyers know this is a rare opportunity!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $20,152
Year Built
- Built in 1910
Lot Details
- 871 Sq Ft Lot
- Lot Dimensions are 19 x 51
- Historic Home
Home Design
- Custom Home
- Flat Roof Shape
- Shingle Roof
Interior Spaces
- 2,587 Sq Ft Home
- 2-Story Property
- Ceiling height of 9 feet on the main level
- Gas Fireplace
- Living Room
- Dining Room
- Bonus Room
- Wood Flooring
- Kitchen Island
- Unfinished Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary bedroom located on second floor
- 3 Full Bathrooms
- Primary Bathroom Bathtub Only
Outdoor Features
- Balcony
Schools
- Neptune Middle School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Ocean Grove Subdivision
Listing and Financial Details
- Assessor Parcel Number 35-00164-0000-00003
Map
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Home Values in the Area
Average Home Value in this Area
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 | $20,152 | $1,229,200 | $429,000 | $800,200 |
| 2024 | $19,246 | $1,172,300 | $372,100 | $800,200 |
| 2023 | $19,246 | $1,084,900 | $492,200 | $592,700 |
| 2022 | $12,252 | $866,800 | $274,100 | $592,700 |
| 2021 | $12,252 | $589,900 | $274,100 | $315,800 |
| 2020 | $12,299 | $589,900 | $274,100 | $315,800 |
| 2019 | $12,465 | $589,900 | $274,100 | $315,800 |
| 2018 | $12,594 | $589,900 | $274,100 | $315,800 |
| 2017 | $12,840 | $576,800 | $261,000 | $315,800 |
| 2016 | $12,361 | $554,300 | $238,500 | $315,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/19/2025 11/19/25 | For Sale | $899,900 | 0.0% | $348 / Sq Ft |
| 07/05/2016 07/05/16 | Rented | $18,700 | +19.9% | -- |
| 11/02/2013 11/02/13 | Rented | $15,600 | -2.5% | -- |
| 07/06/2013 07/06/13 | Rented | $16,000 | -- | -- |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
About the Listing Agent
Chris is the top producing agent at Allegro Agency Realtors based in Avon-by-the-Sea, NJ. Although his roots go back to Mercer County, he fulfilled his childhood dream of living close to shore in 2017 when he and his wife bought their first home in Neptune. He currently resides in Wall Township with his beautiful wife and two daughters.
After graduating from Penn State, Chris embarked on a 10 year career of teaching and coaching. His time working in schools and on the field has shaped
Christopher's Other Listings
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22534904
APN: 35-00164-0000-00003
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