3 months on rocket

700 Fifth Ave, Asbury Park, NJ, 07712

$1,850,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
4 Full Baths
3,200 SqFt
$578/SqFt
Multi

Location

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700 Fifth Ave, Ocean Township$1,850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached
Garage1 space
Year Built1921
HeatingForced Air
MLS #2560097M
StatusActive

About 700 Fifth Ave

4PLEX IN EAST ASBURY PARK completely renovated with no expense spared! Sought-after neighborhood and situated just five blocks from the beach across from the beautiful Sunset Lake. This completely renovated four-family residence features a gorgeous mahogany Victorian porch, new landscaping & hardscaping, central air, 3- 2 Bed 1 Bath apartments, 1-2 bedroom, 1 bath and a bonus room, 4 Hot water heaters, 4 Electric meters, 4 Gas meters, 4 Gas Furnaces and 4 separate AC condenser units. This is your opportunity to invest. 1 car detached garage as well as a driveway for extra profitability and a rear manicured patio area for enjoying the ocean breeze. Don't let this one pass you by! Vacant units offer an additional advantage for your savvy buyer. Income potential can be maximized.

Property Details

Property Features

Property Information:

  • Year Built: 1921
  • Stories: 2
  • Living Area: 3,200 SqFt

Listing Office:

  • Office Name: KELLER WILLIAMS EAST MONMOUTH

Interior Features

Interior Information:

  • Appliances: Water Heater
  • Basement: No
  • Interior: Unit 1(1 Bath, 3 Bedrooms, Kitchen, Living Room, See Remarks), Unit 2(1 Bath, 2 Bedrooms, Kitchen, Living Room, See Remarks), Unit 3(1 Bath, 2 Bedrooms, Kitchen, Living Room), Unit 4(1 Bath, 2 Bedrooms, Kitchen, See Remarks)

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Exterior: Blinds

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached

Virtual/3D Tour

  • Virtual Tour: 700 Fifth Ave
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Lot Features

Lot Information:

  • Lot: Corner Lot

Utilities

Utilities Information:

  • Heating: Forced Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,850,000
  • Price Per SqFt: $578/SqFt
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Housing Market Comparison

See how this home compares to others in Ocean Township, NJ.

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Ocean Township, NJ

City

Med. Sold Price

$737.3K

Med. Price/SqFt

$374

Avg. Days On Market

53

# of Sold Homes

18

700 Fifth Ave vs Ocean Township

111 DAYS ON ROCKET

+58 Days

$1,850,000

+$1.1M More

$578/SqFt

+$203 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $203/SqFt more than other homes in Ocean Township, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CJMLS API
  • MLS Number: #2560097M

Listing Office:

  • Office Name: KELLER WILLIAMS EAST MONMOUTH

IDX The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 4:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,613

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-367912
6
/10

  • Wayside Elementary School

  • 733 Bowne Rd

  • 1.28 miles

  • Public District Grades PK-4

school-card-donut-367913
8
/10

  • Wanamassa Elementary School

  • 901 Bendermere Ave

  • 1.30 miles

  • Public District Grades PK-4

school-card-donut-367914
8
/10

  • Ocean Township Elementary School

  • 555 Dow Ave

  • 1.78 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $71,405. Residents of Ocean Township, NJ typically earn between $35k-100k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Monmouth County›Ocean Township›07712›700 Fifth Ave

This home is located at 700 Fifth Ave in Asbury Park, NJ and zip code 07712 in the Wanamassa neighborhood. This 3,200 square foot home was built in 1921. Features: 9 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 02, 2024 and is currently priced at $1,850,000.

While more than 6 listings in Ocean Township, NJ in October 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 7 were sold below. In October 2024 in Ocean Township, NJ there were 13.2% less homes for sale than in September 2024. In October 2024, listings were on the market for 53 days. During the same period, the median list price in this real estate market was $737,333.

From Rocket Homes Real Estate and based on county public records data.

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