$1,296,000
RENTED AUG 8, 2025

521 Lake Ave Unit 203 Ocean, NJ 07712

2 Beds
2 Baths
950 Sq Ft
$1,364 Price per Sq Ft

Highlights

  • Water Views
  • 0.46 Acre Lot
  • Forced Air Heating and Cooling System
  • Fitness Center
  • Elevator
  • 2-minute walk to Kennedy Park

About This Home

As of August 2025

2 bed/2 bath rental with balcony, lake facing in the heart of downtown Asbury Park! Elevator building with gym. Shared laundry facilities & valet garage parking are available for an additional fee. Proof of Employment, Tax Returns/W2s and 2 years paystubs are required for applicants as well as a $200 non refundable application fee. Up to 2 dogs/3 cats allowed. $250 non refundable fee per cat. $500/$750 non refundable fee per dog, depending on dog's size. First month rent, security deposit equaling 1 month's rent & pet fee/s due on lease acceptance. Monthly rent price includes a $250 deduction for participating in direct payments. If tenant chooses not to participate, rent increased by $250/month

Last Agent to Rent the Property

Elizabeth Mcgillan

Sackman Realty License #0233850 Listed on: 07/14/2025

Sackman Realty

Last Renter's Agent

Angela Cora

Sackman Realty License #1645011

Sackman Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $17,155

Lot Details

  • 0.46

Parking

  • 1 Car Garage

Interior Spaces

  • 950 Sq Ft Home
  • 1-Story Property
  • Water Views

Kitchen

  • Built-In Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 0.46 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Security Deposit $3,800
  • Property Available on 8/10/25
  • Assessor Parcel Number 04-03105-0000-00004-02

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include trash, water, sewer
  • High-Rise Condominium

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$17,155

Lot Details

0

Parking

1

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2025-08-10

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Reso View: Waterview
  • Reso Association Amenities: Storage
  • Reso Association Fee Includes: Trash, Water, Sewer
  • Inclusions: Wall Oven, Stove, Microwave, Refrigerator, Dishwasher
  • Subdivision Name: None
  • Architectural Style: High Rise
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Assigned Parking: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.46
  • Cooling Central Air: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Contract Info Available Date: 2025-08-10
  • Maintenance Fees Security Deposit3: 3800.0
  • Lease Requirements Security Deposit4: Yes
  • General Property Info # Parking Spaces3: 1
  • Common Elements Elevator3: Yes
  • Style High Rise: Yes
  • Common Elements Exercise Room3: Yes
  • Allowable:Cats OK: Yes
  • Allowable:Dogs OK: Yes
  • Garage Underground5: Yes
  • Common Elements Storage2: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Total Bedrooms: 4
  • Stories: 1
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave: Yes
  • BasementOther: Yes
  • Appliances Included:Wall Oven: Yes

Exterior Features

  • Acres: 0.46
  • Waterfront Features: Other - See Remarks
  • Waterfront: No
  • Exclusions: personal property

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: See Remarks, Assigned
  • General Property Info:Garage: Yes
  • Parking:Assigned2: Yes

Utilities

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

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Association Fee Includes:Trash: Yes
  • AssociationHOA Fee Includes:Water: Yes

Lot Info

  • Lot Size Sq Ft: 20037.6
  • Parcel #: 04-03105-0000-00004-02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2019
Sold by
Cookman Community Development Urban Rene
Bought by
545 Lake Avenue Urban Renewal Llc
Current Estimated Value
$1,296,000
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
545 Lake Avenue Urban Renewal Llc -- Evident Title Agency Inc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2025 08/08/25 Rented $45,600 +1100.0% --
07/23/2025 07/23/25 Under Contract -- -- --
07/14/2025 07/14/25 For Rent $3,800 -- --
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 $17,155 $1,155,600 $1,155,600 --
2024 $18,402 $1,084,400 $1,084,400 $0
2023 $18,402 $1,190,300 $1,190,300 $0
2022 $15,095 $1,051,000 $991,900 $59,100
2021 $15,095 $955,400 $901,700 $53,700
2020 $14,992 $951,900 $901,700 $50,200
2019 $14,939 $905,400 $858,800 $46,600
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Mcgillan

    Landlord's Agent in 2025

    Elizabeth Mcgillan

    Sackman Realty

    (732) 674-6466

    92 Total Sales

    Elizabeth Mcgillan
    Section Image

  • A

    Tenant's Agent in 2025

    Angela Cora

    Sackman Realty

    (732) 798-8188

    2 Total Sales

    Angela Cora
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22520667

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-03105-0000-00004-02

New Jersey Monmouth County Ocean 07712

521 Lake Ave Unit 203, Ocean, NJ

This home is located at 521 Lake Ave Unit 203, Ocean, NJ 07712 since 14 July 2025 and is currently priced at $1,296,000. 521 Lake Ave Unit 203 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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