NOT LISTED FOR SALE

1218 Washington Ave Asbury Park, NJ 07712

Estimated Value: $390,000 - $453,000

3 Beds
2 Baths
1,525 Sq Ft
$275/Sq Ft Est. Value

Last Sold January 08, 2021

Last sale price $260,000 $170 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,706/month

22 Days on Market

About This Home

As of January 2021

Multiple Offers; No Further Showings! CLEAN Two Family Investment Property Ready For A New Owner. Generating $2,090 per month rent; tenants pay all utilities. Front door brand new, landscaping new. Large back yard. Nothing to do except collect rent because this property is in such good condition! Lower unit has 1 bedroom and 1 bath, eat-in kitchen, living room and a clean walkout basement. Rent is $890. Tenant has been there for many years. Upstairs unit has 2 bedrooms and 1 bath, eat-in kitchen and walk up second level where living room is. Tenant has been there for 2 years. Rent is $1200 per month.

Last Agent to Sell the Property

Connie King

Weichert Realtors-Ocean Listed on: 09/29/2020

Last Buyer's Agent

Debra Watson

Gloria Nilson & Co. Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,825

Year Built

  • Built in 1907

Lot Details

  • 0.34

Home Design

  • Duplex

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Asbury Park Middle School
  • Asbury Park High School

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Walk-Out Basement
  • 0.34 Acre Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 04-01303-0000-00016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,825

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Year Built: 1907
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Location Middle School: Asbury Park
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Acres: 0.34
  • Waterfront: No

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Heating: HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Asbury Park

Lot Info

  • Lot Size Sq Ft: 14810.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-01303-0000-00016
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2825.0
  • Tax Other Annual Assessment Amount: 207000.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Asbury Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2020
Closed on
Jan 5, 2021
Sold by
Marshall Frederick
Bought by
Kskt Development Llc
Seller's Agent
Connie King
Weichert Realtors-Ocean
Buyer's Agent
Debra Watson
Gloria Nilson & Co. Real Estate
List Price
$265,000
Sold Price
$260,000
Premium/Discount to List
-$5,000
-1.89%
Current Estimated Value
$418,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,732
Avg. Annual Appreciation
10.48%
Original Mortgage
$195,000
Outstanding Balance
$173,854
Interest Rate
2.65%
Mortgage Type
Commercial
Estimated Equity
$244,878

Purchase Details

Closed on
Oct 12, 2004
Sold by
Aksamidov Roman
Bought by
Marshall Frederick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,950
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 12, 2003
Sold by
Rdr Properties Inc
Bought by
Aksamidov Roman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 22, 1996
Sold by
Cristo Property Management
Bought by
Cuzzo Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.5%
Mortgage Type
Commercial
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
Kskt Development Llc $260,000 Anchor Land Title Agency Llc
Kskt Development Llc $260,000 Land Title
Marshall Frederick $155,000 --
Aksamidov Roman $134,000 --
Cuzzo Mario $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kskt Development Llc $195,000
Closed Kskt Development Llc $195,000
Previous Owner Marshall Frederick $137,950
Previous Owner Aksamidov Roman $126,000
Previous Owner Cuzzo Mario $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2021 01/08/21 Sold $260,000 -1.9% $170 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
09/29/2020 09/29/20 For Sale $265,000 -- $174 / 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 $5,800 $376,600 $152,800 $223,800
2024 $5,113 $366,600 $138,100 $228,500
2023 $5,113 $330,700 $93,100 $237,600
2022 $3,781 $278,000 $62,100 $215,900
2021 $3,260 $239,300 $60,200 $179,100
2020 $3,260 $207,000 $58,100 $148,900
2019 $2,825 $171,200 $55,400 $115,800
2018 $2,648 $148,600 $52,200 $96,400
2017 $3,020 $145,200 $49,500 $95,700
2016 $2,935 $136,900 $47,500 $89,400
2015 $2,909 $131,400 $44,300 $87,100
2014 $2,715 $125,300 $39,300 $86,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Connie King

    Weichert Realtors-Ocean

  • D

    Buyer's Agent in 2021

    Debra Watson

    BHHS Fox & Roach

  • D

    Buyer's Agent in 2021

    Debbie Watson

    Heritage House Sotheby's International Realty

    (615) 758-0488

    3 in this area

    7 Total Sales

    Debbie Watson
    Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22035042

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-01303-0000-00016

New Jersey Monmouth County Asbury Park 07712

1218 Washington Ave, Asbury Park, NJ

This home is located at 1218 Washington Ave, Asbury Park, NJ 07712 since 29 September 2020 and is currently estimated at $418,732, approximately $274 per square foot. This property was built in 1907. 1218 Washington 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.

Nearby Homes