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7 Wallace Ave, Oakhurst, NJ, 07755

$1,590,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
4 Full Baths
3,486 SqFt
$456/SqFt
House

Location

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7 Wallace Ave, Ocean Township$1,590,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Attached Garage1 space
Year Built1937
HeatingHot Water, Baseboard
CoolingCentral Air
BasementYes
MLS #22431746
Lot Size0.25 Acres
StatusActive

About 7 Wallace Ave

Discover an Architectural Gem in the Heart of Oakhurst! This custom-built home boasts five spacious bedrooms & four stunning bathrooms. Enter through a grand two-story foyer that opens to a two-story living room, designed with an open layout perfect for entertaining. Enjoy meals in the formal dining room, featuring high cathedral ceilings, decorative arches, and beautifully crafted hardwood floors. The huge eat-in kitchen offers ample space for family gatherings. The primary suite is complete with hardwood floors, a cozy sitting area, and a luxurious spa like bath. The finished basement provides additional living space, & the private yard has room for a pool. Conveniently located near houses of worship, shopping, and jersey shore beaches. Schedule your private tour today!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial, 2 Story
  • Year Built: 1937
  • Stories: 1
  • Living Area: 3,486 SqFt

Listing Office:

  • Office Name: Cathy Ades Real Estate LLC
  • Listing Agent: Beatrice Mizrahi

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Deck, Porch - Open

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Baseboard
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,590,000
  • Price Per SqFt: $456/SqFt

Tax Information:

  • Annual Amount: $11,823
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Ocean Township, NJ.

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Ocean Township, NJ

City

Med. Sold Price

$750K

Med. Price/SqFt

$386

Avg. Days On Market

41

# of Sold Homes

25

7 Wallace Ave vs Ocean Township

49 DAYS ON ROCKET

+8 Days

$1,590,000

+$840K More

$456/SqFt

+$70 More

KEY TAKEAWAY

This property is $840K more than the Median Sold Price and $70/SqFt more than other homes in Ocean Township, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MOREMLS (Monmouth Ocean Regional REALTORS®)
  • MLS Number: #22431746

Listing Office:

  • Office Name: Cathy Ades Real Estate LLC
  • Listing Agent: Beatrice Mizrahi

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 8:21:03 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 14, 2000Home Sold
$357,500

Tax History

YEARPROP. TAXASSESSMENT
2020$11,823$593,800
2019$10,551$574,400
2018$10,552$503,900
2017$10,458$497,300

History based on county public records data.

Payment Calculator

$8,003

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,833

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-926134
8
/10

  • Ocean Township Elementary School

  • 555 Dow Ave

  • 0.67 miles

  • Public District Grades PK-4

school-card-donut-926135
6
/10

  • Betty McElmon Elementary School

  • 20 Parker Rd

  • 1.28 miles

  • Public District Grades PK-4

school-card-donut-926136
3
/10

  • George L Catrambone

  • 240 Park Ave

  • 1.31 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $90,232. Most Ocean Township, NJ residents have annual incomes between $35k-100k. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7 Wallace Ave

What is the listing price of this property?

The listing price of 7 Wallace Ave property is $1,590,000.

What type of property is this?

The property 7 Wallace Ave is a house located in Oakhurst, New Jersey, 07755.

Is this property for sale now?

Active Listing: 7 Wallace Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $11,823 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 14, 2000 for $357,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7 Wallace Ave has 5 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 7 Wallace Ave is 3,486 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7 Wallace Ave is 1937.

Rocket Homes›New Jersey›Monmouth County›Ocean Township›07755›7 Wallace Ave

This home is located at 7 Wallace Ave in Oakhurst, NJ and zip code 07755 in the Oakhurst neighborhood. This 3,486 square foot home, which was built in 1937, sits on a 0.25 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 03, 2024 and is currently priced at $1,590,000.

In November 2024, from all listings sold in Ocean Township, NJ there were more than 6 sold above asking price, over 12 sold below and more than 7 were sold right at the asked price. Between October 2024 and November 2024, Ocean Township, NJ real estate market has seen decrease in the number of listings by 5.8%. In November 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $750,000.

From Rocket Homes Real Estate and based on county public records data.

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