NOT LISTED FOR SALE

1 Central Ave Unit 1-3 Farmingdale, NJ 07727

Estimated Value: $518,000 - $546,110

4 Beds
2 Baths
1,796 Sq Ft
$297/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $525,000 $292 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,414/month

51 Days on Market

Highlights

  • Patio
  • Central Air
  • 1-Story Property
  • Howell High School Rated A-

About This Home

As of March 2024

Incredible opportunity to own a well maintained two family asset on a huge lot! Each unit has been very well maintained & offers 2 nice sized BR and 1 full bath each. Both units have cozy living areas and kitchens that lead to a huge, fully fenced backyard. Both units are currently tenant occupied with month to month leases. A new owner can sign long term leases or live in one unit and rent out the other. Incredible opportunity that won't last long- act fast! Please do not visit the property without an appointment!

Last Listed By

Alka Aneja

On Track Realty License #9234036 Listed on: 12/09/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,429

Year Built

  • Built in 1965

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 123 x 117

Home Design

  • Duplex
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,796 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heating System Uses Propane
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 15-00032-0000-00005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,429

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Other
  • Subdivision Name: None
  • Reso Flooring: Laminate, See Remarks
  • Reso Interior Features: Cable TV
  • Year Built: 1965
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 123 x 117
  • Cooling Central Air: Yes
  • Water Heater Natural Gas2: Yes
  • Garage None4: Yes
  • Water Heater Propane Gas: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dryer2: Yes
  • Floors Laminate2: Yes
  • Special Features: None

Interior Features

  • Basement: Slab
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 1
  • Basement:Slab: Yes
  • Features Interior:Cable TV: Yes

Exterior Features

  • Roof: Other - See Remarks
  • Acres: 0.33
  • Waterfront: No
  • Exterior Features: Patio
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, On Street, None
  • General Property Info:Garage: No
  • Parking:On Street: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating:Natural Gas: Yes
  • Heating:Propane: Yes

Lot Info

  • Lot Dimensions: 123 x 117
  • Lot Size Sq Ft: 14374.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 15-00032-0000-00005
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5429.0
  • Tax Other Annual Assessment Amount: 287100.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2023
Closed on
Mar 27, 2024
Sold by
Eskander Robert and Fonseca Keren
Bought by
Soto Roberto
Seller's Agent
Alka Aneja
On Track Realty
Buyer's Agent
Casey Mezzacappa
Keller Williams Realty West Monmouth
List Price
$519,900
Sold Price
$525,000
Premium/Discount to List
$5,100
0.98%
Total Days on Market
51
Views
316
Current Estimated Value
$534,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,278
Avg. Annual Appreciation
4.88%
Original Mortgage
$373,168
Outstanding Balance
$369,206
Interest Rate
6.77%
Mortgage Type
FHA
Estimated Equity
$186,187

Purchase Details

Closed on
Feb 21, 2020
Sold by
Ortiz Joyce M
Bought by
Eskander Robert and Fonseca Keren M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Soto Roberto $525,000 None Listed On Document
Eskander Robert $260,000 Passaic Valley Title Svc Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soto Roberto $373,168
Previous Owner Eskander Robert $182,000
Previous Owner Ortiz Joyce M $190,272
Previous Owner Ortiz Joyce M $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2024 03/08/24 Sold $525,000 +1.0% $292 / Sq Ft
01/29/2024 01/29/24 Pending -- -- --
12/20/2023 12/20/23 Price Changed $519,900 0.0% $289 / Sq Ft
12/20/2023 12/20/23 For Sale $519,900 0.0% $289 / Sq Ft
12/09/2023 12/09/23 For Sale $519,900 -- $289 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,429 $328,000 $170,700 $157,300
2023 $5,429 $287,100 $146,700 $140,400
2022 $5,669 $259,800 $129,700 $130,100
2021 $5,669 $260,200 $129,700 $130,500
2020 $5,781 $254,800 $126,700 $128,100
2019 $5,711 $250,800 $124,300 $126,500
2018 $5,321 $251,600 $124,300 $127,300
2017 $5,175 $248,200 $124,300 $123,900
2016 $5,083 $248,300 $132,300 $116,000
2015 $4,731 $251,100 $134,300 $116,800
2014 $5,198 $284,500 $94,000 $190,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22333541

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 15-00032-0000-00005