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388 Ocean Ave

Long Branch, NJ 07740

2 bd 2 ba 1,700 sqft Built 1988 Lot 164,134 sqft condo
Most recent sale
$950,000
Aug 11, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Aug 11, 2022 Sold $950,000 Public Record
Jun 23, 2022 Sold $950,000 MoreMLS
May 14, 2022 Listed $950,000 MLS #22214574
Sep 8, 2003 Sold $420,000 Public Record
Jul 15, 2002 Sold $320,000 Public Record
Jul 23, 1996 Sold $135,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $426,300 $510,000 $936,300 $14,044
2024 $426,300 $510,000 $936,300 $14,295
2023 $380,500 $495,000 $875,500 $13,596
2022 $296,800 $465,000 $761,800 $13,659
2021 $277,500 $455,000 $732,500 $14,657
2020 $275,900 $435,000 $710,900 $14,858
2019 $263,100 $400,000 $663,100 $13,938
2018 $253,500 $400,000 $653,500 $13,815
2017 $244,400 $400,000 $644,400 $13,281
2016 $238,100 $450,500 $688,600 $13,917
2015 $238,100 $275,000 $513,100 $11,427
2014 $357,000 $153,000 $510,000 $10,776
2013 $357,000 $153,000 $510,000 $10,419
2012 $398,600 $196,400 $595,000 $11,656
2011 $398,600 $196,400 $595,000 $11,293
2010 $398,600 $196,400 $595,000 $11,168
2009 $427,100 $210,400 $637,500 $9,390
2008 $427,100 $210,400 $637,500 $8,587
2007 $427,100 $210,400 $637,500 $8,587

Property facts

Year built
1988
Property type
condo
Stories
1
Beds
2
Baths
2
Living area
1,700 sqft
Lot size
164,134 sqft
ZIP code
07740
City
Long Branch
Street
Ocean Ave
Coordinates
40.31885, -73.97683

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$5,700
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 388 Ocean Ave last sell?
388 Ocean Ave most recently sold on Aug 11, 2022 for $950,000.
What is the current tax assessment for 388 Ocean Ave?
The most recent total assessment for 388 Ocean Ave (year 2025) is $936,300 with $14,044 in property tax.
How does 388 Ocean Ave's assessment compare to its last sale price?
The current assessment is 1.4% below the last sale price of $950,000.
When was 388 Ocean Ave built?
388 Ocean Ave was built in 1988.
How does 388 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 388 Ocean Ave?
388 Ocean Ave is a 2 bed, 2 bath, 1,700 sqft, 164,134 sqft lot condo.
Is 388 Ocean Ave a flip candidate?
No — 388 Ocean Ave does not appear in our flips dataset.
Is 388 Ocean Ave a tax-appeal candidate?
No — 388 Ocean Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.0%
Implied 1-yr
+4.0%
2026 Q3
$1.22M
2026 Q4
$1.23M
ZIP 07740 — Median Price History + Forecast

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