516 Asbury Avenue

Asbury Park, NJ 07712

$995,000
Price
Beds
2,160 Sq. Ft.
$461 / Sq. Ft.
2,160
Sq. Ft.
$461
per Sq. Ft.

Description

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...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.
  1. Listed by Travis Newarski • Space & Company
  2. Listed by Kenneth Rickel • Space & Company

Property Details for 516 Asbury Avenue

Complex/Subdivision
None
Zoning
Multi-Family, Residential
Waterview
No
Directions
Main Street to East on Asbury Ave

Location

Listing Courtesy of Space & Company
Add your commute
LISTING UPDATED: 05/19/2024 11:05 AM

Property Details for 516 Asbury Avenue

StatusActive
MLS #22413696
Days on Market17
Taxes$12,994 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Three Family
Year Built1920
Lot Size0.08 AC / 3,484 SF
CountyMonmouth County

Location

Listing Courtesy of Space & Company
Add your commute

Building Information for 516 Asbury Avenue

Stories-Residences3Year Built1920Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$6,513 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,430

Property Taxes

$1,083

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 516 Asbury Avenue

Summary
Location and General Information
  • Area/Section: SE Asbury Pk
  • Postal City: Asbury Park
  • State: NJ
  • Municipality: Asbury Park (ASB)
  • # Units in Bldg: 3
  • Block: 3201
  • Apx Year Built: 1920.0
Parking
  • Garage: None
  • Parking: No Parking, On Street
  • # Car Garage: 0.0
Taxes and HOA Information
  • Tax ID#: 04-03201-0000-00002
  • Taxes: $12,994.00
  • Tax Year: 2023
Property
Lot Information
  • Apx SqFt: 2160.0
  • # Acres: 0.08
  • Lot: 2
  • Lot Dimensions: 33 x 100
Property and Assessments
  • Assessment - Total: 840500.0
  • Assessment - Improvements: 491000.0
  • Assessment Status: Assessed
  • Asmnt - Land: 349500.0
  • Possession: At Closing
  • Deed Restricted: No
  • Property Sub-Type: Three Family
Utilities
  • Water Heater: Electric
  • Water/Sewer: Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Waterfront: No
  • Roof: Shingled
Interior Features
  • Basement: Partial
  • Excluded: Tenants Possessions
  • Siding: Vinyl
Multi Family
Unit 1
  • Unit 1: Electric Meter, Refrigerator, Water Heater, Gas Meter, Furnace
  • Unit 1: # Bedrooms: 2
  • Unit 1: Bedroom Level: 1
  • Unit 1: # Full Baths: 1
  • Unit 1: Rent: $2,225.00
Unit 2
  • Unit 2: Electric Meter, Water Heater, Refrigerator, Gas Meter
  • Unit 2: # Bedrooms: 3
  • Unit 2: # Full Baths: 1
  • Unit 2: Rent: $2,140.00
Unit 3
  • Unit 3: Electric Meter, Refrigerator, Gas Meter
  • Unit 3: # Bedrooms: 0
  • Unit 3: Rent: $1,350.00
Income & Expenses Information
  • Income & Expenses: Insurance Expense: 2741.0
  • Income & Expenses: Water/Sewer Expense: 1256.0
  • Income & Expenses: Estimated Total Expenses: 16991.0
  • Income & Expenses: Gross Income: 68580.0
  • Income & Expenses: Net Income: 51589.0
  • Income & Expenses: Financials Per: Year
  • Landlord Pays: Sewer, Water, Yard Maintenance
  • Tenant Pays: Electricity, Hot Water, Gas

Property History for 516 Asbury Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 516 Asbury Avenue

Taxable ValueLand$349,500Additions$491,000Total$840,500
Tax Record2022$11,481 ($957 / month)
Home Facts
Beds5Total Finished SqFt2,160 SqFtAbove Grade Finished SqFt2,160 SqFtStories2Lot Size3,300 SqFtStyleSingle Family ResidenceYear Built1920ZoningS-32CountyMONMOUTHAPN04 03201-0000-00002

Schools near 516 Asbury Avenue

This home is within Asbury Park School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 7 to 12
Public - PK to 3
Public - 4 to 6
Rating
School
Distance
Thurgood Marshall Primary School
PublicPK to 3

Asbury Park High School
Public7 to 12

Bradley Elementary School
PublicPK to 3

Dr. Martin Luther King Middle School
Public4 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

516 Asbury Avenue is a multi-family home for sale in Asbury Park, NJ 07712. This property was listed for sale on May 16, 2024 by Space & Company, it's currently listed at $995,000. It has been on the market for a total of 17 days and was last sold on February 19, 2015. This listing's school district is Asbury Park School District. Nearby schools include Thurgood Marshall Primary School, Asbury Park High School and Bradley Elementary School. 516 Asbury Avenue is a 0-bed, 0-bath, 2,160 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Space & Company

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.