NOT LISTED FOR SALE

502 Ocean Ave Sea Bright, NJ 07760

Sea Bright Neighborhood

Estimated Value: $998,000 - $1,270,448

2 Beds
1 Bath
494 Sq Ft
$2,423/Sq Ft Est. Value

Last Sold January 19, 2024

Last sale price $1,165,000 $2,358 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,289/month

10 Days on Market

Highlights

  • Ocean View
  • Oceanside
  • No HOA
  • Wolf Hill Elementary School Rated A-
  • Loft
  • Cottage

About This Home

As of January 2024

OFFERING DIRECT OCEAN VIEWS TO THE EAST AND RIVER VIEWS TO THE WEST, this can be hour shore hideaway or the perfect place to build your dream shore home. The existing home, know as the ''Love Shack'' offers two bedrooms, a living room, kitchen and full bath. The property directly across the street on the west side of the seawall is included in the sale, giving you direct access to the beach. There also a beach at the end of Beach Way on the Shrewsbury River. The pictures were taken at different elevations to provide an idea of what the views would be if you rebuilt on the site. The existing home does not have views of the ocean or river.

Last Agent to Sell the Property

Richard Nagel

RE/MAX Elite License #7937272 Listed on: 11/10/2023

RE/MAX Elite

Last Buyer's Agent

Richard Nagel

RE/MAX Elite License #7937272 Listed on: 11/10/2023

RE/MAX Elite

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,224

Year Built

  • Built in 1932

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 37 x 140

Property Views

  • Ocean
  • River

Home Design

  • Cottage
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 494 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Light Fixtures
  • Thermal Windows
  • Insulated Windows
  • Window Screens
  • Living Room
  • Loft
  • Ceramic Tile Flooring

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Gas Cooktop
  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Gravel Driveway
  • Paved Parking
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Oceanside
  • Patio
  • Exterior Lighting

Schools

  • Wolf Hill Elementary School
  • Maple Place Middle School
  • Shore Reg High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 42-00030-0000-00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,224

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Oceanside
  • Inclusions: Outdoor Lighting, AC Units, Washer, Dryer, Light Fixtures, Microwave, Self/Con Clean, Stove, Refrigerator, Screens, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Ranch, Cottage/Bungalow
  • Reso Flooring: Ceramic Tile
  • Reso Interior Features: Loft, Breakfast Bar, Recessed Lighting
  • New Construction: No
  • ResoWindowFeatures: Insulated Windows
  • Year Built: 1932
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Acreage: 0.12
  • General Property Info Lot Dimensions: 37 x 140
  • General Property Info Farm: No
  • Location Middle School: Maple Place
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • General Property Info Handicap Access: No
  • Interior Recessed Lighting: Yes
  • Included Light Fixtures: Yes
  • Exterior Thermal Window: Yes
  • Garage None4: Yes
  • Number Appliances Included A C Units: Yes
  • Included Outdoor Lighting: Yes
  • Included Screens: Yes
  • Kitchen Floor - Ceramic4: Yes
  • Style Ranch: Yes
  • Kitchen Breakfast Cntr: Yes
  • Included SelfCon Clean: Yes
  • ExteriorOutdoorShower: Yes
  • Interior Loft: Yes
  • Style CottageBungalow: Yes
  • Living Room Floor - Ceramic2: Yes
  • Water Type Riverview: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Bedrooms: 4
  • Stories: 1
  • Basement:None2: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Slab: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances:Water Heater - Tankless: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bedroom Level:First43: Yes
  • Primary Bedroom Floor - Ceramic6: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.12
  • Topography: Level
  • Waterfront Features: Oceanside/Beach Blk, Oceanview, Riverview
  • Waterfront: No
  • Exterior Features: Outdoor Shower, Patio, Thermal Window, Lighting
  • Foundation Details: Slab
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Gravel, Driveway, Off Street, On Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking Driveway: Yes
  • Parking:On Street: Yes
  • Parking:Gravel2: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Association: No

Schools

  • Middle Or Junior School: Maple Place

Lot Info

  • Lot Dimensions: 37 x 140
  • Lot Size Sq Ft: 5227.2
  • Parcel #: 42-00030-0000-00003
  • Zoning Description: Residential

Green Features

  • Energy Features Insulated Windows: Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9224.0

MLS Schools

  • Elementary School: Wolf Hill
  • High School: Shore Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2023
Closed on
Jan 18, 2024
Sold by
Descenza David
Bought by
Dounelis Kelley Jacqueline and Dounelis Athas
Seller's Agent
Richard Nagel
RE/MAX Elite
Buyer's Agent
Richard Nagel
RE/MAX Elite
List Price
$1,100,000
Sold Price
$1,165,000
Premium/Discount to List
$65,000
5.91%
Views
48
Current Estimated Value
$1,197,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,112
Avg. Annual Appreciation
1.70%
Original Mortgage
$95,000
Outstanding Balance
$40,343
Interest Rate
8.2%
Mortgage Type
New Conventional
Estimated Equity
$1,156,769

Purchase Details

Closed on
Apr 10, 2007
Sold by
Shay Mary Angela and Shay William Angela
Bought by
Descenza David
Source: Public Records

Range of Values:

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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
Dounelis Kelley Jacqueline $1,165,000 Afrm Title & Abstract
Descenza David $565,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dounelis Kelley Jacqueline $95,000
Open Dounelis Kelley Jacqueline $766,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2024 01/19/24 Sold $1,165,000 +5.9% $2,358 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
11/10/2023 11/10/23 For Sale $1,100,000 -- $2,227 / Sq Ft
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
2024 $9,188 $1,066,300 $1,059,500 $6,800
2023 $9,188 $897,300 $891,500 $5,800
2022 $7,881 $733,300 $727,700 $5,600
2021 $7,881 $633,000 $627,700 $5,300
2020 $7,612 $592,800 $587,700 $5,100
2019 $7,446 $548,700 $543,700 $5,000
2018 $7,416 $516,400 $511,400 $5,000
2017 $7,095 $486,300 $481,400 $4,900
2016 $6,669 $511,000 $506,400 $4,600
2015 $3,482 $173,600 $167,600 $6,000
2014 $6,356 $318,300 $317,600 $700
Source: Public Records

Agents Affiliated with this Home

  • Richard Nagel

    Seller's Agent in 2024

    Richard Nagel

    RE/MAX

    (732) 820-1425

    6 in this area

    158 Total Sales

    Richard Nagel
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22331323

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 42-00030-0000-00003

New Jersey Monmouth County Sea Bright 07760 Sea Bright

502 Ocean Ave, Sea Bright, NJ

This home is located at 502 Ocean Ave, Sea Bright, NJ 07760 since 10 November 2023 and is currently estimated at $1,197,112, approximately $2,423 per square foot. This property was built in 1932. 502 Ocean Ave is a home located in Monmouth County with nearby schools including Wolf Hill Elementary School, Maple Place Elementary and Middle School, and Shore Regional High 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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