$382,000
SOLD FEB 1, 2016

71 Mount Tabor Way Ocean Grove, NJ 07756

4 Beds
4 Baths
2,296 Sq Ft
1,917 Sq Ft Lot

Recently Sold

$166 Per Sq Ft

53 Days on Market

Highlights

  • 1 Fireplace
  • Hot Water Heating System
  • 1-minute walk to Greenleaf Park
  • Zoned Heating
  • Wood Siding

About This Home

As of February 2019

Own an amazing piece of history, this home was originally the town post office and was moved to it's current location. Offering so much opportunity if restored to his historic charm. Located with views of city park and only a short walk to Main St, the beach and all the charm that Ocean Grove offers. There are three units, two first floor units and one large second floor unit with a third floor master bedroom, loft and bath. The home offers two balconies and grand front porch. Don't let this opportunity to pass to live in one unit and rent out the other two, some much potential!

Last Agent to Sell the Property

Kathleen Festino

C21/ Lawrence Realty License #0233818 Listed on: 10/19/2015

Last Buyer's Agent

Mary Winkler

Oliver Brothers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,784

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 32 x 60

Home Design

  • Triplex
  • Shingle Roof
  • Wood Roof
  • Wood Siding

Interior Spaces

  • 2,296 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking

Schools

  • Neptune Middle School

Utilities

  • Zoned Heating
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Community Details

  • 3 Units
  • Ocean Grove Subdivision

Listing and Financial Details

  • Tenant pays for hot water
  • Assessor Parcel Number 35-00142-0000-00007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,784

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Subdivision Name: Ocean Grove
  • New Construction: No
  • Year Built: 1900
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 32 x 60
  • Location Middle School: Neptune
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 1.0
  • Garage None4: Yes
  • Siding Wood2: Yes
  • Heating 3 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle, Wood
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street, None
  • General Property Info:Garage: No
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Radiator, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Hot Water2: Yes

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 32 x 60
  • Parcel #: 35-00142-0000-00007
  • Zoning Description: Residential

Rental Info

  • Tenant Pays: Hot Water

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 12784.0
  • Tax Other Annual Assessment Amount: 488100.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2001
Sold by
Burleson Michael
Bought by
White Kathryn and Kovalcik Susan
Current Estimated Value
$1,144,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
7.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 1999
Sold by
Mocik Kevin
Bought by
Burleson Michael and Burleson Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
7.73%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Deed $320,000 --
Deed $290,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $530,410 New Conventional
Closed $561,750 New Conventional
Closed $360,000 Adjustable Rate Mortgage/ARM
Closed $20,000 Credit Line Revolving
Closed $348,500 Commercial
Closed $256,000 Commercial
Previous Owner $232,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2019 02/28/19 Sold $749,000 +96.1% $316 / Sq Ft
02/01/2016 02/01/16 Sold $382,000 -- $166 / 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 $13,862 $849,100 $376,500 $472,600
2023 $13,862 $781,400 $493,000 $288,400
2022 $13,870 $836,600 $456,600 $380,000
2021 $12,655 $667,800 $375,600 $292,200
2020 $14,993 $719,100 $359,600 $359,500
2019 $12,655 $598,900 $350,600 $248,300
2018 $11,386 $533,300 $350,600 $182,700
2017 $10,344 $464,700 $295,500 $169,200
2016 $9,774 $438,300 $271,800 $166,500
2015 $10,689 $488,100 $325,600 $162,500
2014 $12,784 $479,700 $225,600 $254,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21539958

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00142-0000-00007