Sold for $437,500

$437,500

1501 Cherry Lane, Neptune Township, NJ 07753

3beds

1,612sqft

Condominium

Built in 2022

-- sqft lot

$557,000 Zestimate^®

$271/sqft

$4,044 Estimated rent

Home value

$557,000

$518,000 - $602,000

$4,044/mo

Zestimate^® history

Owner options

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$4,044/mo

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$4,044/mo

Rent Zestimate^®

Refinance and save

$2,932/mo

Est. payment

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$2,932/mo

Est. payment

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What's special

Welcome to 1501 Cherry Lane! Less than 2 miles from Asbury Park, Bradley Beach, and Ocean Grove, this end-unit townhome offers the perfect combination of coastal convenience and modern comfort. Built in 2022, this 3-bedroom, 2.5-bath home includes a spacious third-floor loft—ideal for a home office, gym, or additional lounge space. Whether you're looking for a smart investment with proven rental history or a fully furnished personal getaway near the Jersey Shore, this property delivers. Enjoy the freedom of no HOA fees, stylish finishes, and turnkey living with all furnishings included in the sale. This property can be purchased on its own or along with 1502 Heck Ave, offering even more flexibility for investors or multi-generational living.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Forced Air

Cooling

Central Air

Features

Basement: Crawl Space

Interior area

Total structure area: 1,612
Total interior livable area: 1,612 sqft

Property

Parking

Total spaces: 2
Parking features: Assigned

Features

Stories: 3
Exterior features: Other

Details

Parcel number: NA

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Condition

Year built: 2022

Utilities & green energy

Sewer: Public Sewer

Community & neighborhood

Location

Region: Neptune
Subdivision: Schoolhouse Sq

Price history

Date	Event	Price
1/11/2026	Listing removed	$4,050$3/sqft
Source: Zillow Rentals Report a problem
1/10/2026	Listed for rent	$4,050$3/sqft
Source: Zillow Rentals Report a problem
1/3/2026	Listing removed	$4,050$3/sqft
Source: Zillow Rentals Report a problem
12/5/2025	Price change	$4,050-4.7%$3/sqft
Source: Zillow Rentals Report a problem
12/3/2025	Sold	$437,500-12.5%$271/sqft
Source: MoreMLS #22521999 Report a problem
12/3/2025	Listed for rent	$4,250$3/sqft
Source: Zillow Rentals Report a problem
11/4/2025	Pending sale	$499,999$310/sqft
Source: MoreMLS #22521999 Report a problem
10/6/2025	Price change	$499,999-4.8%$310/sqft
Source: MoreMLS #22521999 Report a problem
8/18/2025	Price change	$525,000-4.5%$326/sqft
Source: MoreMLS #22521999 Report a problem
7/28/2025	Listed for sale	$550,000+87.5%$341/sqft
Source: MoreMLS #22521999 Report a problem
6/10/2021	Sold	$293,325$182/sqft
Source: MoreMLS #22036939 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,185 +15.7%	$428,200 +15.7%
2024	$6,209 -6.9%	$370,000 +0.2%
2023	$6,666 +18.9%	$369,100 +26%
2022	$5,606	$292,900 +639.6%
2021	--	$39,600
2020	--	$39,600
2019	--	$39,600
2018	--	$39,600
2017	--	$39,600
2016	--	$39,600
2015	--	$39,600