Now available for purchase is this legal three family home just four blocks to the boardwalk and close to the downtown entertainment area & public transit. The property consists of a large two bedroom unit and a studio unit with separate sleeping area on the ground level, plus a huge three bedroom home on the entire second floor. There is a large covered porch along with a generous sized backyard. Each apartment has separate gas and electric service. This is a beautiful tree lined block and close to everything.
Sold for $985,000
$985,000
516 Asbury Avenue, Asbury Park, NJ 07712
5beds
2,160sqft
Multi Family
Built in 1920
-- sqft lot
$1,095,900 Zestimate®
$456/sqft
$3,311 Estimated rent
Home value
$1,095,900
$1.02M - $1.17M
$3,311/mo
Zestimate® history
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$6,640/mo
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Zillow last checked:
Listing updated:
Listed by:
Travis Newarski 973-985-5032,
Space & Company,
Kenneth Rickel 732-245-4833,
Space & Company
Bought with:
Travis Newarski, 1007962
Space & Company
Source: MoreMLS,MLS#: 22413696
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Baseboard
Cooling
- Other
Features
- Basement: Partial
Interior area
- Total structure area: 2,160
- Total interior livable area: 2,160 sqft
Property
Parking
- Parking features: On Street, None, No Parking
Lot
- Size: 3,484 Square Feet
- Dimensions: 33 x 100
Details
- Parcel number: 0403201000000002
- Zoning description: Residential, Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: None
Location
- Region: Asbury Park
Financial & listing details
- Price per square foot: $456/sqft
- Tax assessed value: $953,000
- Annual tax amount: $12,994
- Date on market: 5/16/2024
- Exclusions: Tenants Possessions
- Tenant pays: Hot Water, Gas, Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 7/19/2024 | Sold | $985,000-1%$456/sqft |
Source:  MoreMLS #22413696 Report a problem | ||
| 6/14/2024 | Pending sale | $995,000$461/sqft |
Source: MoreMLS #22413696 Report a problem | ||
| 5/16/2024 | Listed for sale | $995,000+17.1%$461/sqft |
Source: MoreMLS #22413696 Report a problem | ||
| 11/5/2021 | Listing removed | -- |
Source: BHHS broker feed Report a problem | ||
| 10/26/2021 | Listed for sale | $850,000$394/sqft |
Source: MoreMLS #22129839 Report a problem | ||
| 10/20/2021 | Contingent | $850,000$394/sqft |
Source: MoreMLS #22129839 Report a problem | ||
| 10/5/2021 | Price change | $850,000-4.4%$394/sqft |
Source: MoreMLS #22129839 Report a problem | ||
| 9/9/2021 | Listed for sale | $889,000+133.9%$412/sqft |
Source: MoreMLS #22129839 Report a problem | ||
| 7/16/2010 | Sold | $380,000+58.3%$176/sqft |
Source: Public Record Report a problem | ||
| 4/3/2003 | Sold | $240,000$111/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,076 +7.2% | $953,000 +7.2% |
| 2024 | $14,062 +8.2% | $888,900 +5.8% |
| 2023 | $12,994 +13.2% | $840,500 +14% |
| 2022 | $11,481 +14.6% | $737,400 +16.3% |
| 2021 | $10,019 +11.8% | $634,100 +9.6% |
| 2020 | $8,960 +9.3% | $578,500 +6.5% |
| 2019 | $8,197 | $543,000 +18% |
| 2018 | $8,197 -2.7% | $460,000 +13.6% |
| 2017 | $8,422 +20.9% | $404,800 +29.3% |
| 2016 | $6,963 -7.8% | $313,000 -0.5% |
| 2015 | $7,550 +2.3% | $314,500 -9.7% |
| 2014 | $7,379 +5.6% | $348,400 +179.6% |
| 2013 | $6,989 +1.1% | $124,600 |
| 2012 | $6,910 +6.2% | $124,600 |
| 2011 | $6,505 | $124,600 |
| 2006 | -- | $124,600 |
| 2005 | -- | $124,600 |
Find assessor info on the county website
Neighborhood: 07712
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Nearby schools
GreatSchools rating
- 2/10Thurgood Marshall Primary SchoolGrades: PK-2Distance: 0.1 mi
- 2/10Dr. Martin Luther King Middle SchoolGrades: 7-8Distance: 0.6 mi
- 3/10Asbury Park High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$1,095,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,095,900
- New Jersey
- Monmouth County
- Asbury Park
- 07712
- 516 Asbury Avenue
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