Seller's Agent in 2025
Dawn Kologi
Compass New Jersey, LLC
(732) 449-5555
2 in this area
62 Total Sales
78 Lake Ave Ocean Grove, NJ 07756
5
Beds
4
Baths
3,425
Sq Ft
3,049
Sq Ft Lot
Highlights
- Lake Front
- Wood Flooring
- Patio
- Lake On Lot
- 1 Fireplace
- 3-minute walk to Founder's Park
About This Home
As of August 2025This stunning multi-family home on the serene shores of Wesley Lake in Ocean Grove, offering modern luxury and coastal charm boasts 5 bedrooms, and 4 baths. Wake up to breathtaking views of Asbury Park, with its vibrant arts scene and energy, right from your doorstep.
The first-floor home features a lakefront living area, dining area, spacious kitchen, master bedroom, full bath, bonus room, and both enclosed and open porches for savoring morning coffee with picturesque views.
The second-floor apartment, with private entrance, includes a large gathering room, dining room, efficient kitchen, two full baths, and a bonus room adaptable for a home office or guest room. The wrap-around porch offers a serene outdoor space for dining or unwinding. The third-floor studio is a private sanctuary with a full bath, two rooms, and a wet bar dining area for luxury and versatility and is potentially accessible from first or second floor.
Enjoy Ocean Grove's historic charm and vibrant events, plus nearby Asbury Park's dynamic scene. This property is perfect for rental investment or multi-generational living. Schedule your tour today and discover this NJ paradise!
Last Agent to Sell the Property
Compass New Jersey, LLC License #9799985 Listed on: 08/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,403
Year Built
- Built in 1904
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 44 x 70
- Lake Front
- Fenced
Home Design
- Duplex
- Shingle Roof
- Aluminum Siding
- Vinyl Siding
Interior Spaces
- 3,425 Sq Ft Home
- 3-Story Property
- 1 Fireplace
- Water Views
- Partial Basement
Kitchen
- Stove
- Dishwasher
Flooring
- Wood
- Ceramic Tile
- Vinyl Plank
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- No Garage
- On-Street Parking
Outdoor Features
- Lake On Lot
- Patio
Schools
- Neptune Middle School
- Neptune Twp High School
Utilities
- Central Air
- Furnace
- Heating System Uses Natural Gas
- Separate Meters
- Separate Water Meter
- Natural Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Exclusions: Personal Belongings
- Assessor Parcel Number 35-00110-0000-00001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 29, 2024
Sold by
Kostomaroff Alexander and Kostomaroff Janet B
Bought by
Kostomaroff Alexander
Purchase Details
Closed on
Aug 22, 1997
Sold by
Eckhardt George
Bought by
Kostomaroff Alexander and Kostomaroff Janet
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.38%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Deed | $156,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $125,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | Sold | $1,200,000 | 0.0% | $350 / Sq Ft |
| 08/03/2025 08/03/25 | Off Market | $1,200,000 | -- | -- |
| 07/02/2025 07/02/25 | For Sale | $1,200,000 | 0.0% | $350 / Sq Ft |
| 06/22/2025 06/22/25 | Off Market | $1,200,000 | -- | -- |
| 05/24/2025 05/24/25 | Price Changed | $1,200,000 | -17.2% | $350 / Sq Ft |
| 05/20/2025 05/20/25 | For Sale | $1,450,000 | 0.0% | $423 / Sq Ft |
| 04/29/2025 04/29/25 | Pending | -- | -- | -- |
| 03/25/2025 03/25/25 | For Sale | $1,450,000 | 0.0% | $423 / Sq Ft |
| 03/15/2025 03/15/25 | Off Market | $1,450,000 | -- | -- |
| 02/25/2025 02/25/25 | For Sale | $1,450,000 | 0.0% | $423 / Sq Ft |
| 09/07/2024 09/07/24 | For Rent | $2,750 | -- | -- |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History Compared to Growth
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 | $17,403 | $1,022,600 | $467,200 | $555,400 |
| 2024 | $14,965 | $1,012,400 | $467,200 | $545,200 |
| 2023 | $14,965 | $843,600 | $481,100 | $362,500 |
| 2022 | $15,359 | $819,300 | $474,200 | $345,100 |
| 2021 | $10,960 | $739,500 | $474,200 | $265,300 |
| 2020 | $15,129 | $725,600 | $474,200 | $251,400 |
| 2019 | $10,960 | $518,700 | $282,800 | $235,900 |
| 2018 | $11,036 | $516,900 | $282,800 | $234,100 |
| 2017 | $11,021 | $495,100 | $278,400 | $216,700 |
| 2016 | $10,965 | $491,700 | $278,400 | $213,300 |
| 2015 | $11,338 | $517,700 | $309,600 | $208,100 |
| 2014 | $13,703 | $514,200 | $269,600 | $244,600 |
Source: Public Records
Agents Affiliated with this Home
-
Dawn Kologi
-
Denise Sherman-Pula
Buyer's Agent in 2025
Denise Sherman-Pula
Jack Green Realty
(570) 977-4250
39 in this area
51 Total Sales
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22505136
APN: 35-00110-0000-00001
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.
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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