Agent Takes: New OCNJ Property Listings for November 15, 2023

Listing #1 – 5515 Asbury Ave

Property Features: 3,000 Sqft lot, 5 bedroom, 4.5+ bathroom

The Price: $2,495,000

Agent Hot Take 🔥: BUY IT! A Southend single-family that’s priced right! I know, I know… You could get a cheaper beachfront condo 5 years ago, but a single-family that’s 1 block from the beach in an area that’s a little “unknown” or “second thought” but quickly growing and rising in price is a deal. Fifteen years from now, I’m predicting a nice return on your investment. Owning all of the land here is a jackpot. If you like the quiet, secluded Southend and have the cabbage to throw out, grab this!

Property Description: This custom built masterpiece is located in a quiet neighborhood just a short walk or ride to the bike path, beaches and more. This beautifully construction home features a spacious floor plan, 5 bedrooms, 4 1/2 bathrooms, a gourmet kitchen, hardwood floors throughout, enclosedprivate garage, large decks and much more!

Listing #2 – 5503-5505 Asbury Ave

Property Features: 3,000 Sqft lot

The Price: $2,690,000

Agent Hot Take 🔥: A new construction, 3-bed, 2-bath property with both first- AND second-floor units available. This is the price for the whole building. We’ve written about these quiet a few times. and whole-building condos have a lot to offer. Great for investors and users alike. You can use one floor and rent the other, rent both, or use both! Again, the prices on these new 3 beds are getting interesting, and I’m predicting a little dip in the prices but could be wrong just due to the fact that new construction properties are always hot-ticket items.

Property Description: This custom built masterpiece is located in a quiet neighborhood just a short walk or ride to the bike path, boardwalk, beaches and more. This beautifully construction home features a spacious floor plan, 3 bedrooms, 2 bathrooms, a gourmet kitchen, hardwood floors throughout, enclosed private garage, large decks and much more!

Listing #3 – 256 Simpson Ave Unit 256

Property Features: 3 bedroom, 2 bathroom

The Price: $795,000

Agent Hot Take 🔥: A very nice 3-bedroom, first-floor unit. The homeowners seem to have upgraded the interior, and no work needs to be done there. The unit is also a corner property. I like the price here as well.

Property Description: This first floor, 3 bedroom, 2 full bathroom condominium is exquisitely updated to meet the standards of today’s buyer. Enjoy this quiet neighborhood from the private first floor deck. Open living concept combines the living, dining and kitchen area. Rear alley provides off street park along with access to the garage. Just a short walk to watch the sunsets from the city owned docks to watch the sunset. You can take advantage of all the bay area has to offer with a boat club, restaurant with dinner club, parasailing, jet skiing and fishing. Concerned about carrying cost through the winter? This property has a tenant that is on a month to month lease to help offset your costs. Previous season summer rental rate was over $30k.

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