Precious Bankole

540 E Cape May Avenue

Ocean Gate, NJ
$ 569,000 Beds 3 Baths 2 Sq 1,997
Monthly Estimate* How much can I afford?

Welcome to the charming coastal community of Ocean Gate! This spacious single family home offers 3 bedrooms, 2 bathrooms, a flex room, and a heated sunroom, providing nearly 2,000 square feet of comfortable living space. Set on almost a half acre lot, the property also features an oversized detached garage and an extra long driveway with abundant parking, plus additional parking by the garage. Perfect for seasonal or year round living, this home has great bones and is ready for your personal touches and updates. There is also potential for subdivisionbuyers are encouraged to perform their own due diligence with the township regarding this possibility. Enjoy the peaceful setting of this beautiful property while being just a few blocks from the beach and boardwalk area, making it easy to take in all the coastal charm Ocean Gate has to offer. Come explore the possibilities and experience the lifestyle this wonderful community provides.

ACTIVE

  • Price
  • $ 569,000
  • City
  • Ocean Gate
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • OCEAN
  • Half Bathrooms
  • 0
  • Area
  • Ocean Gate Boro
  • Lot Size
  • 0.49 Acres
  • Zip
  • 08740
  • Sqr Footage
  • 1,997
  • Year Built
  • 1911
  • Taxes
  • $ 8596
  • Style
  • Colonial
  • MLS#
  • NJOC2042192
Listed By: Lois Furlong with Century 21 Action Plus Realty - Freehold - 8446985803;
Data Source: Bright MLS

Features

General

Living Area 1997
Sewer Public Sewer
Heating Baseboard - Hot Water
Cooling None
Possession Negotiable
Roof Asphalt
Appliances Dishwasher,Dryer - Gas,Microwave,Oven - Single,Refrigerator,Stove,Washer,Water Heater
Zoning R
Garage Spaces 1.00
Patio/Porch Features Patio(s)
Architectural Style Colonial
Construction Materials Frame
Exclusions Personal belongings
Year Built 1911
Levels 2
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Accessibility None
County OCEAN
New Construction No
Property Type Residential
HOA No
Subdivision Name NONE AVAILABLE
Garage Y/N Yes
Water Access Y/N No
Other Structures Above Grade
Total Rooms 8
Full Baths 2
Status ACTIVE
Directions Averne Ave onto Anglesea Ave then right onto E Cape May Ave
City OCEAN GATE
Body of Water Toms River and Barnegat Bay
Senior Community Y/N No
MLS Area Ocean Gate Boro (21522)
Lot Size Units Square Feet
Lot Size Square Feet 21344.00
Tax Assessed Value 472100.0
Tax Annual Amount 8596.0
Structure Type Detached
Condo/Coop Association fee Y/N No
Bathrooms Full Main Level 1
Bathrooms Count Main Level 1.00
Price Per Sq Ft Total AG 284.93
Acceptable Financing Cash,Conventional,FHA,VA
Lease Considered Y/N No
Vacation Rental Y/N No
Total SQFT 1997
Location Type Middle Of Block
Standard Status Active
Year Built Source Estimated
Tax Lot 00007
Federal Flood Zone AE

Interior Features

Interior Amenities Attic,Ceiling Fan(s),Crown Moldings,Dining Area,Formal/Separate Dining Room,Kitchen - Eat-In
Heating Fuel Natural Gas
Hot Water Natural Gas
Basement (Y/N) No
Heating Y/N Yes
Window Features Bay/Bow
Fireplace Y/N No
Above Grade Finished Area 1997
Central Air Y/N No
Total Bedrooms 3
LivingAreaSource Estimated
Bedrooms Count All Upper Levels 3
Bedrooms Count Upper Level 1 3
Bathrooms Full Upper Level 1 1
Bathrooms Full All Upper Levels 1
Bathrooms Count Upper Level 1 1.00
Bathrooms Count All Upper Levels 1
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 2

Exterior Features

Pool No Pool
Parking Features Concrete Driveway
Water Source Public
Inclusions Washer,Dryer,Refrigerator,Stove,Microwave,Dishwasher,Light Fixures,Ceiling Fans,Window Coverings,garage door opener
Total Parking Spaces 7
Garage Features Additional Storage Area,Garage Door Opener,Oversized
Type of Parking Detached Garage,Driveway
Foundation Details Crawl Space
Spa No
Water View Y/N No
Lot Size Acres 0.49
Water Body Type River
Lot Size Source Estimated
Waterfront Y/N No
Horse Y/N No
Land Assessed Value 229800.00
Navigable Water Y/N No
Water Oriented Y/N Yes
# of Detached Garage Spaces 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Martinsburg, WV office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/15/2026 Listed $599,000
8/9/2026 6% - $569,000

Property vs Zip Code Average in 08740

Price
AVG $590K
$570K
Taxes
AVG $8,636
$8,596
Year Built
AVG 1968
1911
Visits
AVG 2
237
Data Provided by Inside Real Estate®

Areas That We Cover

540 E Cape May Avenue Ocean Gate, NJ is a Single Family Home for sale at $569000 with 1997 sqft and a lot size of 0.49 Acres Acre(s). 540 E Cape May Avenue Ocean Gate has 3 bedrooms, 2 baths and was built in 1911. The property's zip code is 08740 which is in Ocean Gate, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Precious Bankole

Precious Bankole

240-351-5185

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