NOT LISTED FOR SALE

502 Asbury Ave Asbury Park, NJ 07712

Estimated Value: $757,000 - $795,928

3 Beds
1.5 Baths
-- Sq Ft
871 Sq Ft Lot

Last Sold December 01, 2021

Last sale price $593,000

Est. 31% increase in value since last sale

Current estimated payment $5,085/month

10 Days on Market

Highlights

  • Oceanside
  • Wood Flooring
  • Granite Countertops
  • New Kitchen
  • Shore Colonial Architecture
  • 1-minute walk to Library Square Park

About This Home

As of December 2021

Own your own piece of paradise an the exciting city of Asbury Park! Only 3 short blocks to beach, boardwalk, shops, restaurants, bars, galleries and all that the downtown has to offer. This beautiful house has been completely gut/restored and then tastefully decorated and fully furnished by well known local designer. This historic shore colonial boasts 3 bedrooms/1.5 bath, 2nd floor laundry, hardwood floors thru out, modern entertaining kitchen, outdoor shower, covered dining front porch, 2nd floor balcony off of the master, small back deck for easy grilling off of the kitchen, lots of room for storage in the basement. House has great lucrative rental history to offset costs or enjoy it fully on your own or combo there of. Good to have options! House comes fully equipped with ALL furnishings down to the linens, kitchen ware, grill, tv, etc. Bring your toothbrush and start living the life at the shore!

Last Agent to Sell the Property

Sonja O'Brien

Berkshire Hathaway HomeServices Signature Properties Listed on: 09/27/2021

Last Buyer's Agent

Elaine Bodine

Diane Turton, Realtors-Spring Lake License #1648828

Diane Turton, Realtors-Spring Lake

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,423

Year Built

  • Built in 1935

Lot Details

  • 871 Sq Ft Lot
  • Lot Dimensions are 19 x 52
  • Historic Home

Home Design

  • Shore Colonial Architecture
  • Cottage
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Light Fixtures
  • Blinds
  • Window Screens
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • New Kitchen
  • Gas Cooktop
  • Stove
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Outdoor Shower
  • Oceanside
  • Balcony
  • Exterior Lighting
  • Outdoor Grill
  • Porch

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: House being sold completely furnished with all furniture, linens, fully equipped kitchen, grill, etc
  • Assessor Parcel Number 04-03201-0000-00009

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,423

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Oceanside
  • Inclusions: Outdoor Lighting, Washer, Window Treatments, Blinds/Shades, Ceiling Fan(s), Dishwasher, Dryer, Light Fixtures, Microwave, Stove, Stove Hood, Refrigerator, Screens, Freezer, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Historic, Shore Colonial, Cottage/Bungalow
  • Reso Flooring: Tile, Wood
  • Reso Interior Features: Recessed Lighting
  • New Construction: No
  • Year Built: 1935
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • General Property Info Acreage: 0.02
  • General Property Info Lot Dimensions: 19 x 52
  • General Property Info Farm: No
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Kitchen Newer: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Laundry: Yes
  • Rooms Living Room: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • General Property Info Handicap Access: No
  • Interior Recessed Lighting: Yes
  • Exterior Porch - Open: Yes
  • Included BlindsShades: Yes
  • Included Light Fixtures: Yes
  • Included Stove Hood: Yes
  • Garage None4: Yes
  • Included Ceiling Fan(s): Yes
  • Included Outdoor Lighting: Yes
  • Included Screens: Yes
  • Included Window Treatments: Yes
  • Kitchen GraniteStone Counter: Yes
  • Style Shore Colonial: Yes
  • Kitchen Floor - Wood4: Yes
  • ExteriorOutdoorShower: Yes
  • Exterior BBQ: Yes
  • Floors Tile: Yes
  • Style CottageBungalow: Yes
  • Siding Clapboard: Yes
  • Style Historic: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Unfinished
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Total Bedrooms: 9
  • Stories: 2
  • Full Basement: Yes
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Basement:Unfinished: Yes
  • Appliances Included:Freezer: Yes
  • Primary Bedroom:Floor - Wood6: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.02
  • Waterfront: No
  • Exclusions: House being sold completely furnished with all furniture, linens, fully equipped kitchen, grill, etc
  • Construction Type: Clapboard
  • Exterior Features: Balcony, BBQ, Outdoor Shower, Porch - Open, Lighting

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: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Association: No

Lot Info

  • Lot Dimensions: 19 x 52
  • Lot Size Sq Ft: 871.2
  • Parcel #: 04-03201-0000-00009
  • Zoning Description: Residential, Single Family, Neighborhood

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6423.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2021
Closed on
Nov 19, 2021
Sold by
502 Asbury Llc
Bought by
Callahan Michael Gerrity
Seller's Agent
Sonja O'Brien
Berkshire Hathaway HomeServices Signature Properties
Buyer's Agent
Elaine Bodine
Diane Turton, Realtors-Spring Lake
List Price
$500,000
Sold Price
$593,000
Premium/Discount to List
$93,000
18.6%
Current Estimated Value
$776,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,482
Avg. Annual Appreciation
7.47%
Original Mortgage
$533,700
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 26, 2016
Closed on
Jul 11, 2016
Sold by
Francis Thomas
Bought by
502 Asbury Llc
Seller's Agent
Carl Chesna
Engel & Volkers Hoboken
Buyer's Agent
William McClellan
Prudential Zack Shore Properties
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.54%
Interest Rate
3.41%

Purchase Details

Closed on
Aug 9, 2013
Sold by
Francis James B
Bought by
Francis Thomas J
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Callahan Michael Gerrity $593,000 Old Republic Title
502 Asbury Llc $225,000 --
Francis Thomas J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Callahan Michael Gerrity $533,700
Previous Owner 502 Asbury Llc $132,500
Previous Owner 502 Asbury Llc --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2021 12/01/21 Sold $593,000 +18.6% --
10/07/2021 10/07/21 Pending -- -- --
09/27/2021 09/27/21 For Sale $500,000 +122.2% --
06/28/2016 06/28/16 Sold $225,000 -- --
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
2025 $10,345 $695,800 $463,800 $232,000
2024 $8,956 $653,900 $417,000 $236,900
2023 $8,956 $579,300 $319,500 $259,800
2022 $6,875 $476,300 $266,200 $210,100
2021 $6,875 $435,100 $242,000 $193,100
2020 $6,423 $407,800 $227,300 $180,500
2019 $6,428 $389,600 $216,500 $173,100
2018 $4,772 $267,800 $170,000 $97,800
2017 $4,655 $223,800 $164,300 $59,500
2016 $4,794 $223,600 $159,300 $64,300
2015 $5,026 $227,000 $164,300 $62,700
2014 $5,001 $230,800 $189,300 $41,500
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sonja O'Brien

    Berkshire Hathaway HomeServices Signature Properties

  • Elaine Bodine

    Buyer's Agent in 2021

    Elaine Bodine

    Diane Turton, Realtors-Spring Lake

    (732) 299-8578

    2 in this area

    24 Total Sales

    Elaine Bodine
    Section Image

  • C

    Seller's Agent in 2016

    Carl Chesna

    Engel & Volkers Hoboken

    (917) 374-5779

    4 in this area

    11 Total Sales

    Carl Chesna
    Section Image

  • W

    Buyer's Agent in 2016

    William McClellan

    Prudential Zack Shore Properties

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22131854

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-03201-0000-00009

New Jersey Monmouth County Asbury Park 07712

502 Asbury Ave, Asbury Park, NJ

This home is located at 502 Asbury Ave, Asbury Park, NJ 07712 since 27 September 2021 and is currently estimated at $776,482. This property was built in 1935. 502 Asbury Ave is a home located in Monmouth County with nearby schools including Asbury Park 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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