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615 Asbury Avenue

615 Asbury Avenue, Ocean City, NJ 08226
Property in Ocean City
Local assessors in Ocean City, NJ have categorized 615 Asbury Avenue as a commercial type of property. The home was built in 1920 and is 104 years old. The property's lot size has been calculated to be 3,001 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 300 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete block control joints. Lots of concrete block were used in the construction of the exterior walls of the home. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 615 Asbury Avenue was last sold in Apr 23, 2015 for $725,000. Current property owners are expected to pay $2,533 in taxes per year. The property on 615 Asbury Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $236,500. To break that down further, the land itself was valued at $236,500. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,001
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 300
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Land Acres: 0.069
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: ADDITIONAL LOTS: OB604 L360

Ownership

  • Current Owner : HONG KI YONG
  • Current Owner 2: HONG HEE JUNG
  • Previous Owner : 601 ASBURY AVENUE LLC

Neighborhood

  • School District Name: Ocean City School District
  • Census Tract: 020203

Zoning

  • Zoning: CB

Geography

  • Assessors Map Reference: TAX MAP 13
  • District: 08
  • Parcel: 08 00604-0000-00011
  • Block: 604
  • Lot: 11
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2817
  • Longitude: -74.5723

    Address

  • Full Address: 615 Asbury Ave
  • Address - House Number: 615
  • Address - Street Name: Asbury
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Ocean City
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,533

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $625,000
  • First Open Lien Mortgage Lender: 601 ASBURY AVENUE LLC
  • First Open Lien Mortgage Recording Date: Jun 26, 2015
  • First Open Lien Mortgage Loan Amount: $625,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Seller take-back
  • First Open Lien Mortgage Loan Due Date: May 13, 2030
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $351,568
  • Market Land Value: $351,568

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $236,500
  • Assessed Land Value: $236,500

    Sales

  • Current Sale Contract Date: Apr 23, 2015
  • Current Sale Recording Date: Jun 26, 2015
  • Current Sale Transaction ID: 1308757827
  • Current Sale Price: $725,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0179

    Last Sale Mortgage

  • First Mortgage Lender: 601 ASBURY AVENUE LLC
  • First Mortgage Transaction Date: Jun 26, 2015
  • First Mortgage Loan Amount: $625,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Seller take-back
  • First Mortgage Loan Due Date: May 13, 2030

About Ocean City



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Frequently Asked Questions

What neighborhood is 615 Asbury Avenue located in?
The 615 Asbury Avenue is a located in the neighborhood of Ocean City in Ocean City, Ocean City.
What is the average sales price for listings in 615 Asbury Avenue?
The average sales price for units in 615 Asbury Avenue is $0 currently.

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