Check Availability
$540,000 - $658,000
House - In Contract

131 Franklin Avenue

Ocean Grove, NJ 07756
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1025 Sqft

About This Property

What an adorable cottage!! This Craftsman bungalow (circa 1921) is loaded with charm and is solid as a rock! It's got a sunny south facing location and a fabulous, large open porch. It's other features include an open living/dining room, hard wood floors throughout, a spacious kitchen with a washer/dryer and a full heated basement. The 2 zone boiler and hot water heater were replaced in 2017. Currently the home is being used as a 2 bedroom but replace a wall and you can easily make it 3! An added bonus is the walk-up attic that could be renovated for even more space!

NOTE: SELLER WILL NEED TO LEASE BACK THE PROPERTY FOR 60 DAYS POST CLOSING @ $3000 per MONTH.

Final and Best offers due 3/14 by 3pm.

Email offers to [email protected]

The manager has listed the unit size as 1025 square feet.
Unit Size
1,025Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$584
Property Type
House
Property Taxes
$816
HOA Dues
-
Year Built
1921

Listed By

Price History

Date / Event Date Event Price
Mar 19, 2024 In contract -
In contract
Mar 4, 2024 Listed $599,000
Listed

Property Highlights

Interior Details

Interior Information

Deck

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 816
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 1,800
  • Lot Size Depth Feet: 600
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,025
  • Building Area: 1,025
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,025
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.041
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Neptune Township School District
  • Census Tract: 807402

Zoning

  • Zoning: HDR1

Geography

  • Assessors Map Reference: TAX MAP 8
  • Account Number: 00019410
  • District: 35
  • Parcel: 35 00272-0000-00009
  • Block: 272
  • Lot: 9
  • Municipality: NEPTUNE TWP
  • Latitude: 40.2094
  • Longitude: -74.0136

    Address

  • Full Address: 131 Franklin Ave
  • Address - House Number: 131
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Ocean Grove
  • Carrier Code: C002
  • 4-Digit Zip Code: 1035
  • Zip Code: 07756

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,791

    Appraisal Valuation

  • Standard Deviation: 0.0855
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 603,030
  • High Value: 654,615
  • Low Value: 551,445

    Market Valuation

  • Market Total Value: $551,900
  • Market Land Value: $366,100
  • Market Improvement Value: $185,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $551,900
  • Assessed Land Value: $366,100
  • Assessed Improvements Value: $185,800

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,018 ft²
$540/ft²
$550,000 Jul 27, 2017
$550,000 Sep 26, 2017
-
House
3 Beds
2 Baths
1,209 ft²
$499/ft²
$602,900 Sep 11, 2020
$602,900 Dec 11, 2020
-
House
3 Beds
2 Baths
1,324 ft²
$459/ft²
$607,500 Mar 26, 2021
$607,500 May 21, 2021
-
House
3 Beds
2 Baths
1,368 ft²
$457/ft²
$625,000 Mar 7, 2016
$625,000 May 6, 2016
-
Condo
1 Bed
2 Baths
1,274 ft²
$451/ft²
$575,000 Dec 5, 2018
$575,000 May 2, 2019
-
House
1 Bed
1 Bath
738 ft²
$698/ft²
$515,000 Nov 6, 2020
$515,000 Jan 27, 2021
$292/mo
House
3 Beds
1.5 Baths
1,066 ft²
$656/ft²
$699,000 Dec 8, 2023
-
$1,109/mo
House
3 Beds
1.5 Baths
1,264 ft²
$558/ft²
$705,000 Sep 25, 2023
-
$564/mo
House
2 Beds
1 Bath
720 ft²
$971/ft²
$699,000 Jan 23, 2024
-
$872/mo
House
3 Beds
1.5 Baths
1,432 ft²
$418/ft²
$599,000 Feb 9, 2024
-
$447/mo
Condo
1 Bed
2 Baths
921 ft²
$706/ft²
$649,900 Jan 11, 2024
-
$1,167/mo
House
3 Beds
1 Bath
1,273 ft²
$471/ft²
$599,900 Nov 3, 2023
-
$665/mo

About Neptune


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Frequently Asked Questions

When was property at 131 Franklin Avenue built and last sold?
The property at 131 Franklin Avenue was built in 1921 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 131 Franklin Avenue is $596,519.
What are some comparable homes to 131 Franklin Avenue?
Homes that are comparable to 131 Franklin Avenue include a house property at 1111 Sewall Avenue, 309 Newbedford Road, 601 Redmond Avenue.

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