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Off market
  • $578,200

    505 Asbury Ave, Ocean Gate, NJ 08740

    4beds
    0baths
    1,968sqft
    MultiFamily
    Built in 1940
    -- sqft lot
    $578,200 Zestimate®
    $294/sqft
    $2,726 Estimated rent

    Home value

    $578,200

    $532,000 - $630,000

    $2,726/mo

    Zestimate® history
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    Owner options

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    $2,726/mo

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    $2,726/mo

    Rent Zestimate®

    Refinance and save

    $3,806/mo

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    $3,806/mo

    Est. payment

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    What's special

    2 family opportunity in Ocean Gate with off street parking, just blocks to the mile long beach and boardwalk. This updated and charming property is turn key and perfect for an investor who is looking for 2 units of income or use one and rent the other. There are many updates throughout, including updated kitchen, bathrooms, exterior paint and landscaping. The first level offers an enclosed front entry way (currently used as a dining room), living room, 2 bedrooms, a full bathroom, eat in kitchen, back bonus room, and easy access to the back patio. The upper unit features dedicated rear door, plus separate access through the upper level back deck, 2 spacious bedrooms, a full bathroom, living room, eat in kitchen and bonus room. Make your plans to check out this unique property today!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 0
    Heating
    • Baseboard, Gas
    Cooling
    • None
    Appliances
    • Included: Microwave, Refrigerator
    Features
    • Flooring: Linoleum / Vinyl
    Interior area
    • Total interior livable area: 1,968 sqft

    Property

    Features
    • Exterior features: Other, Stucco, Cement / Concrete
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 3,920 sqft
    Details
    • Parcel number: 2200032000000017

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Conventional
    Materials
    • Concrete Block
    • Foundation: Concrete
    • Roof: Asphalt
    Condition
    • Year built: 1940

    Community & neighborhood

    Location
    • Region: Ocean Gate

    Other

    Other facts
    • Appliances \ Gas Cooking
    • Appliances \ Stove
    • Basement Or Foundation \ Crawl
    • Dwelling Style \ 2 Story
    • Geocode Source \ Bing
    • Heating And Cooling \ Cooling - Multi Unit
    • Last Change Type \ Back On Market
    • Lease Type \ Yearly
    • Owner Pays \ All Grounds
    • Owner Pays \ Gas
    • Owner Pays \ Sewer
    • Owner Pays \ Water
    • Ownership Information \ Individual
    • Structure \ Detached
    • Tenant Pays \ Electric
    • Tenant Pays \ Security
    • Water And Sewer \ Public Sewer
    • Water And Sewer \ Public Water

    Price history

    DateEventPrice
    1/28/2022Sold$375,000-6.2%$191/sqft
    Source: MoreMLS #22131029 Report a problem
    12/15/2021Pending sale$399,900$203/sqft
    Source: MoreMLS #22131029 Report a problem
    11/15/2021Contingent$399,900$203/sqft
    Source: Bright MLS #NJOC2003312 Report a problem
    9/19/2021Listed for sale$399,900+75.4%$203/sqft
    Source: MoreMLS #22131029 Report a problem
    4/8/2017Listing removed$1,350$1/sqft
    Source: RE/MAX at Barnegat Bay Forked River #21700722 Report a problem
    3/1/2017Listed for rent$1,350$1/sqft
    Source: RE/MAX At Barnegat Bay #4020978 Report a problem
    3/3/2016Listing removed$1,350$1/sqft
    Source: RE/MAX at Barnegat Bay Forked River #21542435 Report a problem
    2/26/2016Listed for rent$1,350$1/sqft
    Source: RE/MAX at Barnegat Bay Forked River #21542435 Report a problem
    11/30/2015Listing removed$1,350$1/sqft
    Source: RE/MAX at Barnegat Bay #21542435 Report a problem
    11/9/2015Listed for rent$1,350$1/sqft
    Source: RE/MAX at Barnegat Bay #21542435 Report a problem
    3/17/2004Sold$228,000$116/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2023$5,259 +4.5%$189,100
    2022$5,034 $189,100
    2021$5,034 +1.7%$189,100
    2020$4,951 +3.6%$189,100
    2019$4,779 +0.8%$189,100
    2018$4,743 +0.8%$189,100
    2017$4,705 -3.6%$189,100
    2016$4,881 -0.4%$189,100 -21%
    2015$4,903 +1.3%$239,500
    2014$4,838 +2.6%$239,500
    2012$4,716 +1.2%$239,500
    2011$4,658 +3%$239,500
    2010$4,522 -0.7%$239,500
    2009$4,553 +0.9%$239,500
    2008$4,512 $239,500
    2007-- $239,500
    2006$3,743 $239,500 +136.4%
    2004-- $101,300
    2003-- $101,300
    2002-- $101,300
    2001-- $101,300

    Find assessor info on the county website

    Neighborhood: 08740

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $578,200
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    Estimated market value
    $578,200