NOT LISTED FOR SALE

701 Ocean Gate Dr Ocean Gate, NJ 08740

Estimated Value: $324,000 - $426,000

4 Beds
1 Bath
1,296 Sq Ft
$306/Sq Ft Est. Value

Last Sold June 27, 2017

Last sale price $134,350 $104 Per Sq Ft

Est. 195% increase in value since last sale

Current estimated payment $2,598/month

43 Days on Market

Highlights

  • Water Views
  • Corner Lot
  • Porch
  • Shore Colonial Architecture
  • No HOA
  • 1 Car Attached Garage

About This Home

As of June 2017

Great opportunity in Ocean Gate and so much house for the money. This 4 bedroom home is reminiscent of a farmhouse with all of it's charm and character. The bathroom is updated and the first floor has an open floor plan. There is a utility/laundry room, newer flooring, 1 car attached garage, front covered porch and a newer roof. All this situated on a large corner lot only blocks to the the mile long beach and boardwalk on the Toms River. This home has so much potential and would be ideal for a summer retreat, first time buyer or investor/handyman and will not last at this price. Check it out today!

Last Agent to Sell the Property

Robert Lange

RE/MAX Gateway License #1329516 Listed on: 03/15/2017

RE/MAX Gateway

Last Buyer's Agent

Kathryn Fencik

Weichert Realtors-Pt.Pl.Beach License #0902205

Weichert Realtors-Pt.Pl.Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,856

Year Built

  • Built in 1950

Lot Details

  • 5,401

Parking

  • 1 Car Attached Garage

Home Design

  • Shore Colonial Architecture
  • Farmhouse Style Home
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,296 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Utility Room
  • Laminate Flooring
  • Water Views

Kitchen

  • Electric Cooktop
  • Stove

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Schools

  • Central Regional High School

Utilities

  • Heating System Uses Natural Gas
  • Heating System Uses Oil Above Ground
  • Electric Water Heater

Additional Features

  • Porch
  • Corner Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 22-00002-0000-00001

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,856

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Corner Lot
  • Inclusions: Electric Cooking, Stove
  • Subdivision Name: None
  • Architectural Style: Farm House, Shore Colonial
  • Year Built: 1950
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Lot Description Corner Lot: Yes
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Exterior Porch - Open: Yes
  • Included Electric Cooking: Yes
  • Rooms Garage4: Yes
  • Heating Oil Above Ground: Yes
  • Living Room Floor - Laminate3: Yes
  • Kitchen Floor - Laminate2: Yes
  • Style Shore Colonial: Yes
  • Special Features: None

Interior Features

  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Total Bedrooms: 9
  • Stories: 2
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle
  • Topography: Level
  • Waterfront: No
  • Exterior Features: Porch - Open
  • Foundation Details: Slab

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Oil Above Ground, HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 22-00002-0000-00001
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 3856.0

MLS Schools

  • High School: Central Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2017
Closed on
Jun 27, 2017
Sold by
Ocean Pleasant Llc
Bought by
Schaad Patricia G
Seller's Agent
Robert Lange
RE/MAX Gateway
Buyer's Agent
Kathryn Fencik
Weichert Realtors-Pt.Pl.Beach
Sold Price
$134,350
Current Estimated Value
$396,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,050
Avg. Annual Appreciation
14.50%
Original Mortgage
$130,319
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2008
Sold by
Bush Charles L and Bush Dolores M
Bought by
Ocean Pleasant Llc
Source: Public Records

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Range of Values:

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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
Schaad Patricia G $134,350 Coastal Title
Ocean Pleasant Llc $47,500 Paramount Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schaad Patricia G $170,800
Closed Schaad Patricia G $130,319
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2017 06/27/17 Sold $134,350 -- $104 / 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 $4,679 $328,300 $184,100 $144,200
2023 $4,311 $155,000 $73,400 $81,600
2022 $4,311 $155,000 $73,400 $81,600
2021 $4,126 $155,000 $73,400 $81,600
2020 $4,159 $155,000 $73,400 $81,600
2019 $4,058 $155,000 $73,400 $81,600
2018 $3,917 $155,000 $73,400 $81,600
2017 $3,887 $155,000 $73,400 $81,600
2016 $3,856 $155,000 $73,400 $81,600
2015 $4,219 $207,000 $120,400 $86,600
2014 $4,237 $207,000 $120,400 $86,600
Source: Public Records

Agents Affiliated with this Home

  • Robert Lange

    Seller's Agent in 2017

    Robert Lange

    RE/MAX

    (609) 693-5002

    65 in this area

    456 Total Sales

    Robert Lange
    Section Image
  • Kathryn Fencik

    Buyer's Agent in 2017

    Kathryn Fencik

    Weichert Realtors-Pt.Pl.Beach

    (732) 604-1873

    47 Total Sales

    Kathryn Fencik
    Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21709847

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00002-0000-00001

New Jersey Ocean County Ocean Gate 08740

701 Ocean Gate Dr, Ocean Gate, NJ

This home is located at 701 Ocean Gate Dr, Ocean Gate, NJ 08740 since 15 March 2017 and is currently estimated at $396,400, approximately $305 per square foot. This property was built in 1950. 701 Ocean Gate Dr 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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