NOT LISTED FOR SALE

Asbury Ocean Club 1101 Ocean Ave Unit 702 Asbury Park, NJ 07712

Estimated Value: $41,342,696

3 Beds
3 Baths
1,908 Sq Ft
$2,585/mo HOA Fee

Last Sold September 16, 2019

Last sale price $1,980,000 $1,038 Per Sq Ft

Est. 1,988% increase in value since last sale

Current estimated payment $260,324/month

3 Days on Market

Highlights

  • Ocean Front
  • Outdoor Pool
  • Terrace
  • New Construction
  • Engineered Wood Flooring
  • 3-minute walk to Asbury Spray Park

About This Home

As of September 2019

The Ultimate Beach House | Residence 702 at Asbury Ocean Club is effortless living at its best. This three bedroom, three bath home celebrates the oceanfront with floor-to-ceiling windows and sliding glass doors for direct access to the private wrap-around terrace with an outdoor room to take in the sweeping views of the town and the ocean from every direction. The interior design gleams with chic materials including 7' wide-plank, bleached white oak hardwood flooring, white lacquered custom cabinetry by Spazzi of Spain, stone countertops, a Miele kitchen appliance suite equipped with a gas cook top and hood, oven and speed oven, dishwasher, refrigerator and freezer, a Nantucket stainless steel sink with InSinkErator garbage disposal and Hansgrohe faucet and a Miele washer and dryer. InSinkErator garbage disposal and Hansgrohe faucet and a Miele washer and dryer.
The master bedroom has direct access to the private terrace and a four-fixture master bath with a custom oversized backlit mirror, Hansgrohe fixtures, glass enclosed rain shower and dual sink vanity. The second bedroom has direct access to the private terrace and an en-suite bath, and the third bedroom has direct access to the private outdoor room and a walk-in closet. This home is perfect for entertaining or relaxing while enjoying seamless indoor-outdoor living while taking in the ocean views

Last Agent to Sell the Property

Lori Anne Sorrentino

NRT New York, LLC Listed on: 08/26/2019

Co-Listed By

Adam Hignite

NRT New York, LLC

Last Buyer's Agent

Kenneth Rickel

Vail Realty

Property Details

Home Type

  • Condominium

Lot Details

  • Ocean Front

HOA Fees

  • $2,585 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Assigned Parking

Home Design

  • New Construction

Interior Spaces

  • 1,908 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet on the main level
  • Engineered Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Outdoor Pool
  • Terrace

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 04-04002-0000-00001

Community Details

Overview

  • High-Rise Condominium
  • Asbury Ocean Club Subdivision

Pet Policy

  • Pet Size Limit

Property Details

Home Type

Condominium

Lot Details

0

HOA Fees

$2,585 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Reso Association Amenities: Association
  • Co List Office Mls Id: 3541
  • Co List Office Phone: 212-685-7777
  • Subdivision Name: Asbury Ocean Club
  • Architectural Style: High Rise
  • Reso Flooring: Engineered
  • Reso Interior Features: Balcony, Ceilings - 9Ft+ 1st Flr
  • New Construction: Yes
  • Contract Info New Construction: Yes
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Allowable Pet Size Limit: Yes
  • Ownership Type Condominium: Yes
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • Water Type Oceanfront: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Floors Engineered: Yes
  • Exterior Balcony2: Yes
  • Exterior Terrace: Yes
  • Garage Direct Entry: Yes
  • General Property Info Farm: No
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Balcony: Yes
  • Style High Rise: Yes
  • Cooling 3 Zoned AC: Yes
  • Heating 3 Zoned Heat: Yes
  • Special Features: NewHome

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Stories: 1
  • BasementOther: Yes

Exterior Features

  • Roof: Other - See Remarks
  • Waterfront Features: Oceanfront, Oceanview
  • Waterfront: Yes
  • Exterior Features: Balcony, Terrace

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Direct Access
  • General Property Info:Garage: Yes
  • Parking:Assigned: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 3+ Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association Fee: 2585.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Parcel #: 04-04002-0000-00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2024
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Asbury Ocean Club Master Condominium
Current Estimated Value
$41,342,696

Purchase Details

Closed on
Aug 24, 2023
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Asbury Ocean Club Master Condominium

Purchase Details

Closed on
Sep 19, 2022
Sold by
Sarno Joseph and Sarno Gina
Bought by
Hafif Family Trust

Purchase Details

Closed on
Sep 15, 2022
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Asbury Ocean Club Master Condominium

Purchase Details

Closed on
Mar 7, 2022
Sold by
Ap Block 176 Venture Llc
Bought by
Ng Yan Luk Louis and Ng Yan Luk

Purchase Details

Closed on
Jan 11, 2021
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Nussbaum Jared and Nussbaum Carrie

Purchase Details

Closed on
Nov 22, 2019
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Rbb Ii Llc

Purchase Details

Listed on
Aug 26, 2019
Closed on
Nov 14, 2019
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Bch Properties Llc
Seller's Agent
Lori Anne Sorrentino
NRT New York, LLC
Buyer's Agent
Kenneth Rickel
Vail Realty
Sold Price
$1,980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.25%
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2019
Closed on
Oct 30, 2019
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Russell Suzanne E and Suzanne E Russell 2019 Gst Non Exempt Di
Seller's Agent
Lori Anne Sorrentino
NRT New York, LLC
Buyer's Agent
Kenneth Rickel
Vail Realty
Sold Price
$1,980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2019
Closed on
Sep 16, 2019
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Miller Robert Joseph and Goonan Michael Sean
Seller's Agent
Lori Anne Sorrentino
NRT New York, LLC
Buyer's Agent
Kenneth Rickel
Vail Realty
Sold Price
$1,980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2019
Closed on
Sep 13, 2019
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Clark David Michael
Seller's Agent
Lori Anne Sorrentino
NRT New York, LLC
Buyer's Agent
Kenneth Rickel
Vail Realty
Sold Price
$1,980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2019
Closed on
Sep 12, 2019
Sold by
Ap Block 1736 Venture Urban Renewal Llc
Bought by
White Patrick M and Grady Maureen O
Seller's Agent
Lori Anne Sorrentino
NRT New York, LLC
Buyer's Agent
Kenneth Rickel
Vail Realty
Sold Price
$1,980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2019
Closed on
Sep 11, 2019
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Young Christopher L and Young Jennifer C
Seller's Agent
Lori Anne Sorrentino
NRT New York, LLC
Buyer's Agent
Kenneth Rickel
Vail Realty
Sold Price
$1,980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2019
Closed on
Sep 4, 2019
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Amplify Holdings Llc
Seller's Agent
Lori Anne Sorrentino
NRT New York, LLC
Buyer's Agent
Kenneth Rickel
Vail Realty
Sold Price
$1,980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2019
Closed on
Aug 29, 2019
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Gelbman Justin M
Seller's Agent
Lori Anne Sorrentino
NRT New York, LLC
Buyer's Agent
Kenneth Rickel
Vail Realty
Sold Price
$1,980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2019
Closed on
Aug 26, 2019
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Nelson Karen
Seller's Agent
Lori Anne Sorrentino
NRT New York, LLC
Buyer's Agent
Kenneth Rickel
Vail Realty
Sold Price
$1,980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2019
Closed on
Aug 23, 2019
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Armah Kwasi O and Yee Armah Shawyin
Seller's Agent
Lori Anne Sorrentino
NRT New York, LLC
Buyer's Agent
Kenneth Rickel
Vail Realty
Sold Price
$1,980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2019
Closed on
Aug 16, 2019
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Klein Harvey and Klein Donna German
Seller's Agent
Lori Anne Sorrentino
NRT New York, LLC
Buyer's Agent
Kenneth Rickel
Vail Realty
Sold Price
$1,980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2019
Closed on
Aug 8, 2019
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
Ryan Conor and Ryan Edward
Seller's Agent
Lori Anne Sorrentino
NRT New York, LLC
Buyer's Agent
Kenneth Rickel
Vail Realty
Sold Price
$1,980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2019
Closed on
Aug 1, 2019
Sold by
Ap Block 176 Venture Llc
Bought by
Leitch Marianne
Seller's Agent
Lori Anne Sorrentino
NRT New York, LLC
Buyer's Agent
Kenneth Rickel
Vail Realty
Sold Price
$1,980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 25, 2019
Sold by
Ap Block 176 Venture Urban Renewal Llc
Bought by
1101 Ocean Ave Parking Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2011
Sold by
Capital One National Association
Bought by
Ap Block 176 Venture Llc

Purchase Details

Closed on
Sep 21, 2005
Sold by
Asbury Partners Llc
Bought by
Esperanza Urban Renewal Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Asbury Ocean Club Master Condominium -- None Listed On Document
Asbury Ocean Club Master Condominium -- None Listed On Document
Asbury Ocean Club Master Condominium -- Cortes And Hay Title
Hafif Family Trust $2,600,000 Westcor Land Title
Hafif Family Trust $2,600,000 Westcor Land Title
Asbury Ocean Club Master Condominium -- --
Ng Yan Luk Louis $25,000 Scott Title Services
Ng Yan Luk Louis $25,000 Scott Title Services
Nussbaum Jared $6,500,000 Able Title Agency Llc
Nussbaum Jared $6,500,000 First American Title
Rbb Ii Llc $24,200,000 Able Title Agency
Bch Properties Llc $1,490,000 Trident Abstract Ttl Agcy Ll
Russell Suzanne E $2,655,000 None Available
Miller Robert Joseph $2,034,000 All Ahead Title Agency
Clark David Michael $2,154,000 All Ahead Title Agency Llc
White Patrick M $1,590,000 Trident Abstract Ttl Agcy Ll
Young Christopher L $2,240,000 Able Title Agency Llc
Amplify Holdings Llc $1,775,000 All Ahead Title Agency
Gelbman Justin M $1,695,000 Scott Title Services Llc
Nelson Karen $1,310,000 Counsellors Title Agency Inc
Armah Kwasi O $2,050,000 Scott Title Services Llc
Klein Harvey $2,130,000 Scott Title Services Llc
Ryan Conor $1,625,000 Scott Title Services Llc
Leitch Marianne $1,050,000 Trident Abstract Ttl Agcy Ll
1101 Ocean Ave Parking Llc -- None Available
Ap Block 176 Venture Llc $4,000,000 Progressive Title Agency
Esperanza Urban Renewal Llc $17,119 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Robert Joseph $1,500,000
Previous Owner Clark David Michael $1,680,000
Previous Owner White Patrick M $800,000
Previous Owner Young Christopher L $1,344,000
Previous Owner Gelbman Justin M $864,450
Previous Owner Nelson Karen $455,000
Previous Owner Armah Kwasi O $500,000
Previous Owner Klein Harvey $1,000,000
Previous Owner Ryan Conor $825,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2019 09/16/19 Sold $1,980,000 -- $1,038 / 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
2025 -- -- -- --
2024 -- $0 $0 $0
2023 -- $0 $0 $0
2022 $0 $0 $0 $0
2021 $259,875 $0 $0 $0
2020 $5,806 $0 $0 $0
2019 $259,875 $15,750,000 $14,750,000 $1,000,000
2018 $280,665 $15,750,000 $14,750,000 $1,000,000
2017 $103,792 $4,990,000 $3,990,000 $1,000,000
2016 $106,986 $4,990,000 $3,990,000 $1,000,000
2015 $110,921 $5,010,000 $4,560,000 $450,000
2014 $108,567 $5,010,000 $4,560,000 $450,000
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21935131

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-04002-0000-00001