NOT LISTED FOR SALE

98 Mount Hermon Way Ocean Grove, NJ 07756

Estimated Value: $1,048,000 - $1,110,000

6 Beds
4 Baths
2,528 Sq Ft
$425/Sq Ft Est. Value

Last Sold October 26, 2020

Last sale price $625,000 $247 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $6,905/month

60 Days on Market

Highlights

  • Wood Flooring
  • Storm Doors
  • Heating System Uses Natural Gas
  • Air Conditioning
  • Level Lot
  • 2-minute walk to Greenleaf Park

About This Home

As of October 2020

An amazing opportunity to own a 3 BR 2 B house at BEACH with an attached 3 BR 2 B rental income property! This is a spacious 2 family, Each side has a full basement & full finished walk up attics for extra sleeping! All wood fls the 2 units are mirror images with the East side a little more finished on 3rd Fl. Each side LR, DR, K, Bath, 2nd fl 3 BRs full bath.w/claw ft tub. 98/East side is rental has been seasonal & is currently annual w/$1500 rent and tenant pays elect, gas/heat & hot water & wifi. Owner uses West side - 98 1/2 address. SELLING COMPLETELY FURNISHED furniture, linens, dishes,, pot & pans & all appliances as is in working condition. North of Main easy access to all OG and Asbury Park activities and NYC train or bus.

Last Agent to Sell the Property

Mary Winkler

Jack Green Realty License #0335790 Listed on: 07/16/2020

Jack Green Realty

Last Buyer's Agent

Thea Bowers

Gloria Nilson & Co. Real Estate

Gloria Nilson & Co. Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,614

Year Built

  • Built in 1897

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 32 x 60
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2,528 Sq Ft Home
  • 3-Story Property
  • Walkup Attic
  • Storm Doors

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • No Garage
  • On-Street Parking

Schools

  • Midtown Community Elementary School
  • Neptune Middle School
  • Neptune Twp High School

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Listing and Financial Details

  • Exclusions: personal belongings and Westside Master BR TV and table it is on and the Tools in basement.
  • Tenant pays for hot water, snow removal, heat, gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 35-00161-0000-00002

Community Details

Overview

  • 2 Units
  • Ocean Grove Subdivision

Building Details

  • Gross Income $19,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,614

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Level
  • Subdivision Name: Ocean Grove
  • Reso Flooring: Linoleum/Vinyl, Wood, Ceramic Tile
  • Reso Interior Features: Attic - Walk Up
  • New Construction: No
  • Year Built: 1897
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • 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
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • Exterior Storm Door(s): Yes
  • Cooling Multi Units: Yes
  • Interior Attic - Walk Up: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Washer Hookup3: Yes
  • Income Expenses Gross Income2: 19800.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Basement Tenant Storage: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 2 Washer Hookup2: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Full, Tenant Storage
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.04
  • Waterfront: No
  • Exclusions: personal belongings and Westside Master BR TV and table it is on and the Tools in basement.
  • Exterior Features: Storm Door(s)

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
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Radiator
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 32 x 60
  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 35-00161-0000-00002
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Snow Removal, Heat, Gas, Electricity
  • Owner Pays: Water, Sewer

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 10614.0
  • Tax Other Annual Assessment Amount: 502300.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 19800.0

MLS Schools

  • Elementary School: Midtown Community
  • High School: Neptune Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 2002
Sold by
Borden Mitchell
Bought by
Tucci Nunzio
Current Estimated Value
$1,075,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,500
Interest Rate
6.88%
Mortgage Type
Commercial
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
Tucci Nunzio $249,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kemble Tara J $500,000
Closed Mastronaro Richard $250,000
Previous Owner Tucci Nunzio $236,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2020 10/26/20 Sold $625,000 -5.2% $247 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $659,000 +88.3% $261 / Sq Ft
02/14/2013 02/14/13 Sold $350,000 -- $161 / 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 $10,997 $734,700 $367,500 $367,200
2023 $10,997 $619,900 $395,800 $224,100
2022 $10,883 $592,900 $379,500 $213,400
2021 $10,614 $524,000 $360,000 $164,000
2020 $10,519 $504,500 $349,000 $155,500
2019 $10,614 $502,300 $360,800 $141,500
2018 $10,701 $501,200 $360,800 $140,400
2017 $9,436 $423,900 $293,900 $130,000
2016 $8,880 $398,200 $270,200 $128,000
2015 $9,831 $448,900 $324,000 $124,900
2014 $10,250 $384,600 $224,000 $160,600
Source: Public Records

Agents Affiliated with this Home

  • Mary Winkler

    Seller's Agent in 2020

    Mary Winkler

    Jack Green Realty

    (732) 776-6400

    16 in this area

    20 Total Sales

    Mary Winkler
    Section Image
  • Thea Bowers

    Buyer's Agent in 2020

    Thea Bowers

    BHHS Fox & Roach

    (732) 361-0770

    77 in this area

    128 Total Sales

    Section Image
  • Anna Jackow

    Seller's Agent in 2013

    Anna Jackow

    C21/ Coastal Realtors

    (732) 996-0119

    25 in this area

    43 Total Sales

    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22024005

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00161-0000-00002

New Jersey Monmouth County Ocean Grove 07756

98 Mount Hermon Way, Ocean Grove, NJ

This home is located at 98 Mount Hermon Way, Ocean Grove, NJ 07756 since 16 July 2020 and is currently estimated at $1,075,224, approximately $425 per square foot. This property was built in 1897. 98 Mount Hermon Way is a home located in Monmouth County with nearby schools including Neptune High School, Hope Academy Charter School, and Our Lady of Mount Carmel 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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