NOT LISTED FOR SALE

716 Ocean Gate Ave Unit A Ocean Gate, NJ 08740

Estimated Value: $454,000 - $500,000

2 Beds
1 Bath
1,000 Sq Ft
$482/Sq Ft Est. Value

Last Sold December 05, 2018

Last sale price $218,000 $218 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $3,259/month

15 Days on Market

About This Home

As of December 2018

This duplex is in great shape, freshly painted. This side is vacant the other is occupied with great rental income. The owner also has 2 other duplexes in Ocean Gate to sell.

Last Agent to Sell the Property

Lynda Sledzik-Browne

Silver Ridge Realty, LLP Listed on: 09/26/2018

Last Buyer's Agent

Yisroel Spira

Imperial Real Estate Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,701

Year Built

  • Built in 1988

Lot Details

  • Lot Dimensions are 120 x 100

Home Design

  • Duplex

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Stove

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Central Regional High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 22-00010-0000-00010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,701

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1988
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 120 x 100
  • Cooling Central Air: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Unit 1 Water Heater: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1
  • Basement:Crawl Space: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 120 x 100
  • Parcel #: 22-00010-0000-00010

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 5701.0
  • Tax Other Annual Assessment Amount: 227300.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Central Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2020
Sold by
Kesserman David
Bought by
Mapletree Equities Llc
Current Estimated Value
$482,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,821,500
Outstanding Balance
$2,525,515
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
-$2,043,249

Purchase Details

Listed on
Sep 26, 2018
Closed on
Dec 6, 2018
Sold by
Sledzik Association
Bought by
Kesserman David
Seller's Agent
Lynda Sledzik-Browne
Silver Ridge Realty, LLP
Buyer's Agent
Yisroel Spira
Imperial Real Estate Agency
Sold Price
$218,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.89%
Original Mortgage
$196,200
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 17, 2011
Sold by
Sledzik Doreen
Bought by
Sledzik Associates
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
Mapletree Equities Llc -- None Available
Kesserman David $218,000 Madison Title Agency Llc
Sledzik Associates -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mapletree Equities Llc $2,821,500
Previous Owner Kesserman David $196,200
Previous Owner Sledzik Angela $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2018 12/05/18 Sold $218,000 -- $218 / 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 $6,862 $440,600 $205,500 $235,100
2023 $6,321 $227,300 $79,900 $147,400
2022 $6,321 $227,300 $79,900 $147,400
2021 $6,051 $227,300 $79,900 $147,400
2020 $6,098 $227,300 $79,900 $147,400
2019 $5,951 $227,300 $79,900 $147,400
2018 $5,744 $227,300 $79,900 $147,400
2017 $5,701 $227,300 $79,900 $147,400
2016 $5,655 $227,300 $79,900 $147,400
2015 $5,945 $291,700 $137,500 $154,200
2014 $5,971 $291,700 $137,500 $154,200
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lynda Sledzik-Browne

    Silver Ridge Realty, LLP

  • Y

    Buyer's Agent in 2018

    Yisroel Spira

    Imperial Real Estate Agency

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21837711

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00010-0000-00010

New Jersey Ocean County Ocean Gate 08740

716 Ocean Gate Ave Unit A, Ocean Gate, NJ

This home is located at 716 Ocean Gate Ave Unit A, Ocean Gate, NJ 08740 since 26 September 2018 and is currently estimated at $482,266, approximately $482 per square foot. This property was built in 1988. 716 Ocean Gate Ave Unit A 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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