NOT LISTED FOR SALE

616 E Arverne Ave Ocean Gate, NJ 08740

Estimated Value: $385,000 - $424,810

2 Beds
1 Bath
1,060 Sq Ft
$379/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $313,000 $295 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,675/month

12 Days on Market

Highlights

  • Cape Cod Architecture
  • Backs to Trees or Woods
  • No HOA
  • Deck
  • Granite Countertops
  • 1 Car Detached Garage

About This Home

As of August 2023

Welcome to this delightful cape-style home located in Ocean Gate, offering the perfect combination of beachside living and peaceful privacy. Situated just blocks away from the mile-long beach and boardwalk, and backed up by a serene wooded area, this property truly captures the essence of coastal living.Step inside and be greeted by a spacious and open layout on the main level. The main floor features a generous living/dining room, a den/office combo, and a bedroom, providing ample space for relaxation and entertainment. The updated kitchen boasts modern shaker cabinets, tile floors, granite countertops, and stainless steel appliances. The kitchen's double glass doors lead out to a back deck, seamlessly blending indoor and outdoor living. As you make your way upstairs, you'll discover a loft area that offers versatility as a private bedroom, an open space ideal for an office, playroom, or den, and a separate bonus room. This upper level adds a touch of character and functionality to the home. Outside, you'll find a large backyard that provides ample space for outdoor activities and gatherings. Additionally, there is a detached garage workshop perfect for a wood worker/crafter or even mechanic!! Embrace the best of both worlds in this Ocean Gate gem, where beachside bliss meets the tranquility of a wooded backdrop.

Last Agent to Sell the Property

Lori Donnelly

Weichert Realtors-Toms River License #1643373 Listed on: 06/24/2023

Weichert Realtors-Toms River

Last Buyer's Agent

Jennifer Francis

RE/MAX at Barnegat Bay License #0337423

RE/MAX at Barnegat Bay

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,758

Year Built

  • Built in 1925

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 80 x 86
  • Backs to Trees or Woods

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Cape Cod Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,060 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Crawl Space

Kitchen

  • Stove
  • Dishwasher
  • Granite Countertops

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck

Schools

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

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: Personal Items
  • Assessor Parcel Number 22-00069-0000-00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,758

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Back to Woods
  • Inclusions: AC Units, Washer, Dishwasher, Dryer, Stove, Refrigerator
  • Subdivision Name: None
  • Architectural Style: Detached, Cape
  • 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: 0.16
  • General Property Info Lot Dimensions: 80 x 86
  • Location Middle School: Central Reg Middle
  • Roof Shingled: Yes
  • Lot Description Back to Woods: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 1.0
  • Number Appliances Included A C Units: Yes
  • Living Room Fireplace - Gas7: Yes
  • Kitchen Floor - Ceramic4: Yes
  • Style Cape: Yes
  • Kitchen GraniteStone Counter: Yes
  • ExteriorDeck: Yes
  • Foyer Floor - Laminate: Yes
  • Living Room Floor - Laminate3: Yes
  • Dining Room Floor - Laminate7: Yes
  • ExteriorOutdoorShower: Yes
  • Cooling Multi Units: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Main Level Bathrooms: 1
  • Stories: 1
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Crawl Space: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.16
  • Waterfront: No
  • Exclusions: Personal Items
  • Exterior Features: Outdoor Shower
  • Patio And Porch Features: Deck
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Driveway
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • Parking Features:Garage Detached: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Central Reg Middle

Lot Info

  • Lot Dimensions: 80 x 86
  • Lot Size Sq Ft: 6969.6
  • Parcel #: 22-00069-0000-00003
  • Zoning Description: Neighborhood

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4758.0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2023
Closed on
Aug 31, 2023
Sold by
Al-Daqa Daniel and Al-Daqa Jennifer
Bought by
Aklus Frank Joseph and Aklus Laura A
Seller's Agent
Lori Donnelly
Weichert Realtors-Toms River
Buyer's Agent
Jennifer Francis
RE/MAX at Barnegat Bay
List Price
$349,999
Sold Price
$313,000
Premium/Discount to List
-$36,999
-10.57%
Views
55
Current Estimated Value
$401,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,453
Avg. Annual Appreciation
13.18%
Original Mortgage
$313,000
Interest Rate
6.78%
Mortgage Type
VA

Purchase Details

Listed on
Mar 18, 2021
Closed on
Apr 20, 2021
Sold by
Rnl Property Holdings Llc
Bought by
Al Daqa Daniel and Blanchard Jennifer
Seller's Agent
Marcello Carboni
RE/MAX at Barnegat Bay
Buyer's Agent
Eileen Hepp
RE/MAX at Barnegat Bay
List Price
$239,900
Sold Price
$239,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.98%
Original Mortgage
$235,551
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 17, 2019
Closed on
Jun 21, 2019
Sold by
U S Bank National Association
Bought by
Rnl Property Holdings Llc
Seller's Agent
Noelle Paschon
Paschon Realty LLC
Buyer's Agent
Robert Lange
RE/MAX Gateway
Sold Price
$151,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.52%
Original Mortgage
$110,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 2018
Sold by
Tech All and Campbell Elizaheth M
Bought by
U S Bank National Asociation and The Ramc Trusts

Purchase Details

Closed on
Oct 30, 2009
Sold by
Colella Toni Marie
Bought by
Campbell John J and Campbell Elizabeth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,395
Interest Rate
5.06%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 30, 2004
Sold by
Mcginnis Eleanor M
Bought by
Colella Toni Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2002
Sold by
Navarro Dominic
Bought by
Mcginnis Eleanor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
5.95%

Purchase Details

Closed on
Jan 29, 1999
Sold by
Watson Joann
Bought by
Navarro Dominic A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,899
Interest Rate
6.78%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Aklus Frank Joseph $313,000 Old Republic Title
Al Daqa Daniel $239,900 University Title Ins Agcy
Al-Daqa Daniel $239,900 University Title
Rnl Property Holdings Llc $151,000 First Integrity Title Agency
U S Bank National Asociation $70,000 Fortune Title Agency Inc
Campbell John J $199,000 New Jersey Title Ins Company
Colella Toni Marie $186,000 Pegasus Title Agency Llc
Mcginnis Eleanor $140,000 --
Navarro Dominic A $20,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aklus Frank Joseph $326,808
Closed Aklus Frank Joseph $313,000
Previous Owner Al-Daqa Daniel $235,551
Previous Owner Rnl Property Holdings Llc $577,400
Previous Owner Rnl Property Holdings Llc $110,000
Previous Owner Campbell John J $195,395
Previous Owner Colella Toni Marie $100,000
Previous Owner Mcginnis Eleanor $133,000
Previous Owner Navarro Dominic A $54,899
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $313,000 -10.6% $295 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
06/25/2023 06/25/23 For Sale $349,999 +45.9% $330 / Sq Ft
04/26/2021 04/26/21 Sold $239,900 -4.0% $169 / Sq Ft
03/18/2021 03/18/21 Price Changed $249,900 +4.2% $176 / Sq Ft
02/16/2021 02/16/21 For Sale $239,900 0.0% $169 / Sq Ft
10/01/2019 10/01/19 Rented $17,700 0.0% --
10/01/2019 10/01/19 Under Contract -- -- --
09/30/2019 09/30/19 Rented $17,700 +1041.9% --
07/18/2019 07/18/19 For Rent $1,550 0.0% --
07/11/2019 07/11/19 Sold $151,000 -- $106 / 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 $5,894 $358,500 $171,900 $186,600
2024 $5,166 $358,500 $171,900 $186,600
2023 $4,758 $171,100 $72,700 $98,400
2022 $4,758 $171,100 $72,700 $98,400
2021 $4,555 $171,100 $72,700 $98,400
2020 $4,591 $171,100 $72,700 $98,400
2019 $4,479 $171,100 $72,700 $98,400
2018 $4,324 $171,100 $72,700 $98,400
2017 $4,291 $171,100 $72,700 $98,400
2016 $4,257 $171,100 $72,700 $98,400
2015 $4,455 $218,600 $119,400 $99,200
2014 $4,475 $218,600 $119,400 $99,200
Source: Public Records

Agents Affiliated with this Home

  • Lori Donnelly

    Seller's Agent in 2023

    Lori Donnelly

    Weichert Realtors-Toms River

    (732) 600-3344

    1 in this area

    193 Total Sales

    Lori Donnelly
    Section Image
  • Jennifer Francis

    Buyer's Agent in 2023

    Jennifer Francis

    RE/MAX

    (732) 300-6067

    3 in this area

    94 Total Sales

    Jennifer Francis
    Section Image
  • Eileen Hepp

    Buyer's Agent in 2021

    Eileen Hepp

    RE/MAX

    (609) 290-8564

    1 in this area

    41 Total Sales

    Eileen Hepp
    Section Image
  • Marcello Carboni

    Seller's Agent in 2019

    Marcello Carboni

    RE/MAX

    (732) 644-1562

    8 in this area

    86 Total Sales

    Marcello Carboni
    Section Image
  • Noelle Paschon

    Seller's Agent in 2019

    Noelle Paschon

    Paschon Realty LLC

    (732) 341-3900

    109 Total Sales

    Noelle Paschon
    Section Image
  • Robert Lange

    Buyer's Agent in 2019

    Robert Lange

    RE/MAX

    (732) 300-4307

    62 in this area

    419 Total Sales

    Robert Lange
    Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22316626

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00069-0000-00003

New Jersey Ocean County Ocean Gate 08721

616 E Arverne Ave, Ocean Gate, NJ

This home is located at 616 E Arverne Ave, Ocean Gate, NJ 08740 since 24 June 2023 and is currently estimated at $401,453, approximately $378 per square foot. This property was built in 1925. 616 E Arverne 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.

Nearby Homes