NOT LISTED FOR SALE

1017 Summerfield Ave Asbury Park, NJ 07712

Estimated Value: $696,000 - $955,000

6 Beds
3 Baths
2,890 Sq Ft
$280/Sq Ft Est. Value

Last Sold May 29, 2024

Last sale price $725,000 $251 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,289/month

183 Days on Market

About This Home

As of May 2024

Welcome to this wonderful opportunity to own this 3 unit multifamily on the Jersey Shore. Only minutes away from the beautiful beaches and Asbury's Boardwalk.

Last Agent to Sell the Property

Wallace Doman

Exit Realty Jackson NJ License #0455326 Listed on: 04/12/2024

Exit Realty Jackson NJ

Last Buyer's Agent

Matthew Sigman

Sigman Realty License #1326230

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,440

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,890 Sq Ft Home
  • Laminate Flooring
  • Basement Fills Entire Space Under The House
  • Stove

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Furnace
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • The Summerfield Subdivision

Listing and Financial Details

  • Tenant pays for hot water, yard maintenance, snow removal, heat, gas, electricity
  • The owner pays for water, garbage removal
  • Assessor Parcel Number 04-00505-0000-00018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,440

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Subdivision Name: The Summerfield
  • Reso Flooring: Laminate
  • New Construction: No
  • Year Built: 1920
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 100
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Garage None4: Yes
  • Cooling Multi Units: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 1 Furnace: Yes
  • Floors Laminate2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.11
  • Waterfront: No
  • Exclusions: Personal property
  • Construction:Siding - Vinyl: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 50 x 100
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-00505-0000-00018
  • Zoning Description: Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Yard Maintenance, Snow Removal, Heat, Gas, Electricity
  • Owner Pays: Water, Garbage Removal

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9440.0
  • Tax Other Annual Assessment Amount: 681400.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
May 28, 2024
Sold by
1017 Summerfield Ave Corporation
Bought by
Sigman Real Estate Partners Llc
Seller's Agent
Wallace Doman
Exit Realty Jackson NJ
Buyer's Agent
Matthew Sigman
Sigman Realty
List Price
$799,900
Sold Price
$725,000
Premium/Discount to List
-$74,900
-9.36%
Views
65
Current Estimated Value
$809,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,693
Avg. Annual Appreciation
17.82%
Original Mortgage
$511,000
Outstanding Balance
$506,839
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$381,616

Purchase Details

Closed on
May 26, 2022
Sold by
Day Jon J
Bought by
1017 Summerfield Ave Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 16, 2017
Closed on
Apr 21, 2017
Sold by
Wagner Garrett
Bought by
Day Jon J and Petrola Tom
Seller's Agent
Sonja O'Brien
John C. Conover Agency
Buyer's Agent
Deana Kreher
Berkshire Hathaway HomeServices Signature Properties
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.83%
Original Mortgage
$266,000
Interest Rate
3.97%

Purchase Details

Closed on
Feb 17, 2011
Sold by
Stout Moore Marjorie Diane and Stout Graham Aubra Diane
Bought by
Wagner Garett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
4.75%
Mortgage Type
Commercial
Source: Public Records

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
Sigman Real Estate Partners Llc $725,000 None Listed On Document
1017 Summerfield Ave Corporation $550,000 Stewart Title
Day Jon J $375,000 --
Wagner Garett $154,000 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sigman Real Estate Partners Llc $511,000
Previous Owner 1017 Summerfield Ave Corporation $440,000
Previous Owner Day Jon J $266,000
Previous Owner Day Jon J --
Previous Owner Thomas Petrola $266,000
Previous Owner Wagner Garrett $266,000
Previous Owner Wagner Garett $115,500
Previous Owner Graham Aubra Diane Stout $284,340
Previous Owner Moore Marjorie Diane $24,000
Previous Owner Diane Marjorie $15,000
Previous Owner Moore Marjorie Diane $100,834
Previous Owner Moore Marjorie Diane $66,947
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2024 05/29/24 Sold $725,000 -9.4% $251 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
04/12/2024 04/12/24 For Sale $799,900 0.0% $277 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
11/22/2023 11/22/23 For Sale $799,900 +113.3% $277 / Sq Ft
04/04/2017 04/04/17 Sold $375,000 -- --
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 $10,534 $695,000 $205,600 $489,400
2023 $10,534 $681,400 $172,500 $508,900
2022 $8,703 $606,300 $143,800 $462,500
2021 $8,703 $550,800 $130,600 $420,200
2020 $7,606 $482,900 $124,200 $358,700
2019 $6,600 $400,000 $118,300 $281,700
2018 $5,961 $334,500 $107,500 $227,000
2017 $5,437 $261,400 $85,500 $175,900
2016 $5,379 $250,900 $80,500 $170,400
2015 $5,336 $241,000 $75,000 $166,000
2014 $4,718 $217,700 $75,000 $142,700
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2024

    Wallace Doman

    Exit Realty Jackson NJ

    Section Image

  • M

    Buyer's Agent in 2024

    Matthew Sigman

    Sigman Realty

    (732) 774-4633

    17 in this area

    24 Total Sales

    Matthew Sigman
    Section Image

  • S

    Seller's Agent in 2017

    Sonja O'Brien

    John C. Conover Agency

  • J

    Seller Co-Listing Agent in 2017

    Johna Karpinski

    John C. Conover Agency

  • D

    Buyer's Agent in 2017

    Deana Kreher

    Berkshire Hathaway HomeServices Signature Properties

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22332318

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-00505-0000-00018

New Jersey Monmouth County Asbury Park 07712

1017 Summerfield Ave, Asbury Park, NJ

This home is located at 1017 Summerfield Ave, Asbury Park, NJ 07712 since 12 April 2024 and is currently estimated at $809,693, approximately $280 per square foot. This property was built in 1920. 1017 Summerfield Ave is a home located in Monmouth County with nearby schools including Asbury Park High School, Hope Academy Charter School, and Our Lady of Mount Carmel School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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