509 Ocean Ave
Cape May Point, NJ 08212
3 bd 1 ba 864 sqft Built 1940 Lot 5,000 sqft single_family
Most recent sale
$999,000
Sep 9, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 10, 2025 | Sold | $1,546,000 | CapeMay |
| Mar 31, 2025 | Listed | $1,499,999 | CapeMay |
| Sep 13, 2022 | Sold | $999,000 | Public Record |
| Sep 9, 2022 | Sold | $999,000 | MLS #222193 |
| Jul 12, 2022 | Listed | $1,099,000 | MLS #222193 |
| Sep 12, 2013 | Sold | $535,000 | Public Record |
| Jul 3, 2013 | Listing removed | $535,000 | CapeMay |
| Feb 15, 2012 | Listed | $535,000 | MLS #144332 |
| Nov 4, 2002 | Sold | $412,500 | Public Record |
| May 21, 1984 | Sold | $65,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $103,400 | $429,000 | $532,400 | $4,078 |
| 2023 | $103,400 | $429,000 | $532,400 | $3,881 |
| 2022 | $103,400 | $429,000 | $532,400 | $3,753 |
| 2021 | $98,100 | $429,000 | $527,100 | $3,410 |
| 2020 | $98,100 | $429,000 | $527,100 | $3,278 |
| 2019 | $98,100 | $429,000 | $527,100 | $3,236 |
| 2018 | $98,100 | $429,000 | $527,100 | $3,120 |
| 2017 | $98,100 | $429,000 | $527,100 | $3,088 |
| 2016 | $98,100 | $429,000 | $527,100 | $3,025 |
| 2015 | $76,800 | $589,400 | $666,200 | $3,317 |
| 2014 | $76,800 | $589,400 | $666,200 | $3,317 |
| 2013 | $76,800 | $589,400 | $666,200 | $3,390 |
| 2012 | $76,800 | $589,400 | $666,200 | $3,357 |
| 2011 | $76,800 | $589,400 | $666,200 | $3,237 |
| 2009 | $76,800 | $589,400 | $666,200 | $3,097 |
| 2008 | $65,900 | $272,000 | $337,900 | $2,672 |
| 2007 | $65,900 | $272,000 | $337,900 | $2,568 |
Property facts
Year built
1940
Property type
single_family
Stories
—
Beds
3
Baths
1
Living area
864 sqft
Lot size
5,000 sqft
ZIP code
08212
City
Cape May Point
Street
Ocean Ave
Coordinates
38.93930, -74.96668
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,994
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 509 Ocean Ave last sell?
509 Ocean Ave most recently sold on Sep 9, 2022 for $999,000.
What is the current tax assessment for 509 Ocean Ave?
The most recent total assessment for 509 Ocean Ave (year 2025) is $532,400 with $4,078 in property tax.
How does 509 Ocean Ave's assessment compare to its last sale price?
The current assessment is 46.7% below the last sale price of $999,000.
When was 509 Ocean Ave built?
509 Ocean Ave was built in 1940.
How does 509 Ocean Ave compare to others on Ocean Ave?
We track 8 other properties on Ocean Ave. Browse the list under "Other properties on Ocean Ave" to compare beds, baths, and sale history.
What are the property facts for 509 Ocean Ave?
509 Ocean Ave is a 3 bed, 1 bath, 864 sqft, 5,000 sqft lot single_family.
Is 509 Ocean Ave a flip candidate?
No — 509 Ocean Ave does not appear in our flips dataset.
Is 509 Ocean Ave a tax-appeal candidate?
No — 509 Ocean Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.5%
Implied 1-yr
-14.1%
2025 Q3
$1.16M
2025 Q4
$1.16M
ZIP 08212 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Ocean Ave