1055 Ocean Avenue

1055 Ocean Avenue has been categorized by the local assessors in Mantoloking, NJ as a residential type of property. The building on the property was first built in 2018 and is 6 years old. The home has a total of 12 bedrooms. Residents will have access to 8 full bathrooms. There are 8 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1055 Ocean Avenue has 7,151 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 4,700 ft and across the front of the lot is 700 ft. The area measurement of the land has been determined as 32,900 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Cape Cod style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. The building has a gable style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. In terms of heating, it is utilizing a forced air unit and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1055 Ocean Avenue sold most recently in Jun 6, 2017 for a total of $765,000. If you work out the math, that's approximately a cost of $106.98 per sqft. Before that, the property was also sold for $3,200,000 in May 2, 2012. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $39,835 in taxes each year. 1055 Ocean Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $5,689,700. If we break it down further, the land itself was valued at $2,541,000. Improvements to the property, however, were assessed at a total of $3,148,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.