NOT LISTED FOR SALE

706 W Park Ave Oakhurst, NJ 07755

Oakhurst Neighborhood

Estimated Value: $577,372

2 Acres
$288,686 Price per Acre
87,120 Sq Ft Lot

Last Sold September 13, 2024

Last sale price $1,100,000

Est. 48% decrease in value since last sale

Current estimated payment $3,649/month

71 Days on Market

Highlights

  • 2 Acre Lot
  • Fenced
  • Level Lot

About This Lot

As of September 2024

Many permitted uses for this property including single family on 1/4 acre lots, houses of worship, school, office building, and home/office. Currently there is a renovated home/office with 2 car detached garage and greenhouse building plus an approximate 1 acre of vacant land for a total of about 2 acres. One of the largest parcels of land available in Oakhurst. Convenient location near beaches, shopping, restaurants, schools and highways. Monmouth County 150 acre nature park known as Weltz Park is located across the street. Located in the T-1 zone of Ocean Twp.

Last Agent to Sell the Property

Michelle Arege-Coffenberg

Preferred Properties Real Estate License #1971456 Listed on: 01/11/2024

Co-Listed By

George Coffenberg

Preferred Properties Real Estate License #8630640

Last Buyer's Agent

Rachel Abitbul

Preferred Properties Real Estate License #1758206

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,052

Lot Details

  • 2 Acre Lot
  • Fenced
  • Level Lot

Schools

  • Ocean Twnshp Elementary School
  • Ocean Middle School
  • Ocean Twp High School

Utilities

  • Electricity To Lot Line
  • Gas Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1

Property Details

Property Type

Land

Est. Annual Taxes

$7,052

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Land
  • ResoLotFeatures: Level
  • Co List Office Mls Id: 2517
  • Co List Office Phone: 732-224-9200
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Acreage: 2.0
  • Location Middle School: Ocean
  • WaterSewer Public Sewer On-Site: Yes
  • WaterSewer Public Water on Site: Yes
  • Out Buildings Fencing: Yes
  • Gas On Site3: Yes
  • Electric On Site2: Yes
  • Cable On Site: Yes
  • Special Features: None

Exterior Features

  • Acres: 2.0
  • Waterfront: No

Schools

  • Middle Or Junior School: Ocean

Lot Info

  • Lot Size Sq Ft: 87120.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 1
  • Zoning Description: Single Family, Residential, Professional, Multi-Use, Live-in Professional
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Ocean Twnshp
  • High School: Ocean Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2024
Closed on
Sep 17, 2024
Sold by
Perez Luis
Bought by
Bio Investment Group Llc
Seller's Agent
Michelle Arege-Coffenberg
Preferred Properties Real Estate
Buyer's Agent
Rachel Abitbul
Preferred Properties Real Estate
List Price
$2,500,000
Sold Price
$1,100,000
Premium/Discount to List
-$1,400,000
-56%
Total Days on Market
71
Views
19
Current Estimated Value
$577,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$522,628
Avg. Annual Appreciation
-46.19%

Purchase Details

Closed on
Feb 15, 2023
Sold by
Palatial Properties Llc
Bought by
Perez Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2022
Sold by
Grasso Harry
Bought by
Palatial Properties Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bio Investment Group Llc $550,000 Two Rivers Title
Bio Investment Group Llc $550,000 Two Rivers Title
Perez Luis $400,000 Trident Abstract Title
Palatial Properties Llc $400,000 Trident Abstract Title
Palatial Properties Llc $400,000 Trident Abstract Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2024 09/13/24 Sold $1,100,000 -45.0% --
03/22/2024 03/22/24 Pending -- -- --
02/17/2024 02/17/24 Price Changed $2,000,000 -11.1% --
02/01/2024 02/01/24 Price Changed $2,250,000 -10.0% --
01/11/2024 01/11/24 For Sale $2,500,000 -- --
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 $7,052 $504,100 $251,900 $252,200
2024 $7,442 $494,500 $251,900 $242,600
2023 $7,442 $486,700 $251,900 $234,800
2022 $8,882 $466,100 $251,900 $214,200
2021 $8,882 $452,000 $251,900 $200,100
2020 $8,836 $443,800 $251,900 $191,900
2019 $9,718 $476,600 $251,900 $224,700
2018 $9,771 $466,600 $251,900 $214,700
2017 $9,682 $460,400 $251,900 $208,500
2016 $8,461 $361,900 $224,600 $137,300
2015 $8,589 $372,000 $236,800 $135,200
2014 $8,609 $377,900 $251,900 $126,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Michelle Arege-Coffenberg

    Preferred Properties Real Estate

    (732) 513-0646

    3 in this area

    35 Total Sales

    Michelle Arege-Coffenberg
    Section Image
  • George Coffenberg

    Seller Co-Listing Agent in 2024

    George Coffenberg

    Preferred Properties Real Estate

    (732) 531-5900

    3 in this area

    45 Total Sales

    George Coffenberg
    Section Image

  • R

    Buyer's Agent in 2024

    Rachel Abitbul

    Preferred Properties Real Estate

    (732) 486-9080

    1 in this area

    5 Total Sales

    Rachel Abitbul
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22400932

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 37-00033-13-00031

New Jersey Monmouth County Oakhurst 07755 Oakhurst

706 W Park Ave, Oakhurst, NJ

This home is located at 706 W Park Ave, Oakhurst, NJ 07755 since 11 January 2024 and is currently estimated at $577,372. 706 W Park Ave is a home located in Monmouth County with nearby schools including Ocean Township High School, Bet Yaakov of the Jersey Shore, and Yeshivat Keter Torah.

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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