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500 Ocean Avenue

500 Ocean Avenue, Lavallette, NJ 08735
House in Ocean
2 Units For Sale
Unit for sale at 500 Ocean, Seaside Heights, NJ 08751

$1,099,000

  • 4 Beds
  • 4 Baths
500 Ocean, Seaside Heights, NJ 08751 Listing by Michael Loundy

Unit for sale at 500 Ocean, Seaside Heights, NJ 08751

$1,749,000

  • 4 Beds
  • 4 Baths
500 Ocean, Seaside Heights, NJ 08751 Listing by Michael Loundy

500 Ocean Avenue has been categorized by the local assessors in Lavallette, NJ as a type of property. The building on the property was first built in 1942 and is 84 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 150 stories. In addition, 500 Ocean Avenue has 1,442 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 550 ft. The area measurement of the land has been determined as 6,875 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a .

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a for those who require parking. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with control joints. The building has a style roof made of . The exterior walls of the building are made of . In terms of heating, the home is utilizing . We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 500 Ocean Avenue sold most recently in Apr 12, 2019 for a total of $1,270,000. If you work out the math, that's approximately a cost of $880.72 per sqft. Before that, the property was also sold for $1,100,000 in Feb 2, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,070,147 in taxes each year. 500 Ocean Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,180,000. If we break it down further, the land itself was valued at $1,174,400. Improvements to the property, however, were assessed at a total of $5,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.

Building Features

Waterfront

Access to Dock

Parking

Paved Parking
Off Street Parking
Attached Garage

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20161001
10/01/2016
4 Bed
2 Bath
1442 ft²
$1,350,000
bedrooms
4 Bed
bathrooms
2 Bath
square feet
1442 ft²
$1,100,000 -18.52%
12/09/2016
Brenda Zygmund
RE/MAX New Beginnings Realty


Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,875
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,442
  • Building Area: 1,442
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,442
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000158
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 2.02

Neighborhood

  • School District Name: Lavallette Borough School District
  • Census Tract: 727001

Geography

  • District: 16
  • Parcel: 16 00006-0000-00001
  • Block: 6
  • Lot: 1
  • Municipality: LAVALLETTE BORO
  • Latitude: 39.9744
  • Longitude: -74.0654

    Address

  • Full Address: 500 Ocean Ave
  • Address - House Number: 500
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Lavallette
  • Carrier Code: C005
  • 4-Digit Zip Code: 2173
  • Zip Code: 08735

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,070,147

    Appraisal Valuation

  • Standard Deviation: 0.1948
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 2,106,522
  • High Value: 2,516,936
  • Low Value: 1,696,109

    Market Valuation

  • Market Total Value: $1,180,000
  • Market Land Value: $1,174,400
  • Market Improvement Value: $5,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,180,000
  • Assessed Land Value: $1,174,400
  • Assessed Improvements Value: $5,600

    Sales

  • Current Sale Contract Date: Apr 12, 2019
  • Current Sale Recording Date: Apr 26, 2019
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019038484
  • Previous Sale Recording Date: Feb 07, 2017
  • Previous Sale Contract Date: Feb 02, 2017
  • Previous Sale Amount: $1,100,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

About Lavallette



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Frequently Asked Questions

What neighborhood is 500 Ocean Avenue located in?
The 500 Ocean Avenue is a house located in the neighborhood of Ocean in Lavallette, Lavallette.
How many listings are currently for sale in 500 Ocean Avenue?
There are two listings currently on the market for sale.
What is the average sales price for listings in 500 Ocean Avenue?
The average sales price for units in 500 Ocean Avenue is $1,424,000 currently.