NOT LISTED FOR SALE

518 Ocean Ave Sea Bright, NJ 07760

Sea Bright Neighborhood

Estimated Value: $1,876,000 - $2,350,000

2 Beds
2 Baths
1,200 Sq Ft
$1,822/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $980,000 $817 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $12,979/month

Highlights

  • Community Beach Access
  • Ocean Front
  • Custom Home
  • Wolf Hill Elementary School Rated A-
  • Newly Remodeled
  • No HOA

About This Home

As of August 2021

Amazing opportunity to live in Sea Bright with a gorgeous ocean view year round! This newly renovated condo has beautiful custom finishes throughout. Quartz countertops, white kitchen cabinets, stainless steel appliances. The kitchen is open to the family which has panoramic views of the ocean. Each bedroom has its own private full bath. Enjoy your very own private beach access. Close to all the shopping and dining in Sea Bright. Close proximity to the Belford Ferry for a nice commute into New York City.

Last Agent to Rent the Property

Jason Orrico

Orrico Realty License #0571414 Listed on: 07/19/2021

Last Renter's Agent

Jason Orrico

Orrico Realty License #0571414 Listed on: 07/19/2021

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $17,435

Year Built

  • Built in 1962 | Newly Remodeled

Lot Details

  • 5,227 Sq Ft Lot
  • Ocean Front

Home Design

  • Custom Home
  • Contemporary Architecture

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Family Room
  • Ceramic Tile Flooring
  • Ocean Views
  • Dryer

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • 2 Full Bathrooms
  • Primary Bathroom includes a Walk-In Shower

Parking

  • No Garage
  • Off-Street Parking

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
  • Programmable Thermostat
  • Natural Gas Water Heater

Listing and Financial Details

  • Security Deposit $6,750
  • Property Available on 9/1/21
  • Assessor Parcel Number 42-00029-0000-00018

Community Details

Recreation

  • Community Beach Access

Additional Features

  • No Home Owners Association
  • Controlled Access

Property Details

Home Type

Apartment

Est. Annual Taxes

$17,435

Year Built

Built in 1962 | Newly Remodeled

Lot Details

0

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2021-09-01

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Model: None
  • Inclusions: Timer Thermostat, Microwave, Refrigerator, Dishwasher, Dryer, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Custom, Contemporary
  • Reso Flooring: Ceramic Tile
  • Reso Interior Features: Recessed Lighting
  • Year Built: 1962
  • Contract Info New Construction: Yes
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Assigned Parking: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Water Type Oceanfront: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Common Elements Controlled Access2: Yes
  • Exterior Controlled Access: Yes
  • General Property Info Acreage: 0.12
  • Location Middle School: Maple Place
  • Cooling Central Air: Yes
  • Included Gas Cooking: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Interior Recessed Lighting: Yes
  • Garage None4: Yes
  • Included Timer Thermostat: Yes
  • Kitchen Floor - Ceramic4: Yes
  • Contract Info Available Date: 2021-09-01
  • Maintenance Fees Security Deposit3: 6750.0
  • Lease Requirements Security Deposit4: Yes
  • General Property Info # Parking Spaces3: 2
  • GreatFamily Room Floor - Ceramic5: Yes
  • Common Elements Beach Access: Yes
  • Exterior Oceanfront3: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Stories: 2
  • Other Rooms:Family Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • BasementOther: Yes
  • Primary Bath Shower Stall2: Yes
  • Primary Bedroom Full Bath2: Yes
  • Primary Bedroom Level Second39: Yes
  • Primary Bedroom Floor - Ceramic9: Yes

Exterior Features

  • Acres: 0.12
  • Waterfront Features: Oceanfront, Oceanview
  • Waterfront: Yes
  • Exterior Features: Controlled Access, Oceanfront

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Maple Place

Lot Info

  • Lot Size Sq Ft: 5227.2
  • Parcel #: 42-00029-0000-00018

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2025
Sold by
Notaro Ralph and Notaro John Vincent
Bought by
Notaro Ralph and Notaro Christina
Current Estimated Value
$2,186,964

Purchase Details

Listed on
May 22, 2020
Closed on
Jul 31, 2020
Sold by
J & J Ocean Ave Llc
Bought by
Notaro Ralph and Notaro John Vincent
Seller's Agent
Janet Logan
O'Brien Realty, LLC
Buyer's Agent
Janice Rizzo
Robert DeFalco Realty Inc.
List Price
$1,080,000
Sold Price
$980,000
Premium/Discount to List
-$100,000
-9.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.32%

Purchase Details

Closed on
Sep 26, 2016
Sold by
Descenza David and Estate Of James A Cousins
Bought by
J & J Ocean Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2010
Sold by
The Estate Of William R Cousins
Bought by
Cousins James A
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
Notaro Ralph $390,370 Afrm Title & Abstract
Notaro Ralph $390,370 Afrm Title & Abstract
Notaro Ralph $980,000 Afrm Title And Abstract
J & J Ocean Llc $545,000 Fidelity National Title
J & J Ocean Ave Llc $5,000 Fidelity National Title
Cousins James A $290,000 None Available
Cousins James A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner J & J Ocean Ave Llc $412,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/09/2021 08/09/21 Rented $54,000 +1100.0% --
07/28/2021 07/28/21 Under Contract -- -- --
07/19/2021 07/19/21 For Rent $4,500 0.0% --
07/31/2020 07/31/20 Sold $980,000 -9.3% $398 / Sq Ft View Prior Sale
06/14/2020 06/14/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $1,080,000 0.0% $438 / Sq Ft
03/09/2017 03/09/17 Rented $2,200 -- --
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 $17,435 $1,997,200 $1,179,500 $817,700
2024 $15,857 $1,823,700 $1,059,500 $764,200
2023 $15,857 $1,548,500 $891,500 $657,000
2022 $10,122 $1,352,800 $727,700 $625,100
2021 $10,122 $972,100 $627,700 $344,400
2020 $7,924 $617,100 $587,700 $29,400
2019 $7,772 $572,700 $543,700 $29,000
2018 $7,812 $544,000 $511,400 $32,600
2017 $7,534 $516,400 $481,400 $35,000
2016 $7,026 $538,400 $506,400 $32,000
2015 $6,118 $305,000 $167,600 $137,400
2014 $9,478 $474,600 $317,600 $157,000
Source: Public Records

Agents Affiliated with this Home

  • Jason Orrico

    Landlord's Agent in 2021

    Jason Orrico

    Orrico Realty

    (908) 670-0539

    38 Total Sales

    Jason Orrico
    Section Image

  • J

    Seller's Agent in 2020

    Janet Logan

    O'Brien Realty, LLC

    (732) 229-3532

    Janet Logan
    Section Image
  • Janice Rizzo

    Buyer's Agent in 2020

    Janice Rizzo

    Robert DeFalco Realty Inc.

    (732) 845-3200

    50 Total Sales

    Janice Rizzo
    Section Image

  • H

    Buyer's Agent in 2017

    Holly Moon Oehler

    Weichert Realtors-Rumson

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22123588

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 42-00029-0000-00018

New Jersey Monmouth County Sea Bright 07760 Sea Bright

518 Ocean Ave, Sea Bright, NJ

Not Listed for Sale

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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