NOT LISTED FOR SALE

1221 9th Ave Neptune, NJ 07753

Estimated Value: $722,000 - $774,000

3 Beds
3 Baths
1,927 Sq Ft
$393/Sq Ft Est. Value

Last Sold June 26, 2017

Last sale price $366,000 $190 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $5,015/month

64 Days on Market

About This Home

As of June 2017

LOOKING FOR AN INVESTMENT OPPORTUNITY? Here is a 4 UNIT property that is currently all rented. LARGE LOT WITH ROOM TO BUILD - Lot size is 100x150. All units are approved for section 8 tenants. The garage is an additional storage rental opportunity that is also rented.

Last Agent to Sell the Property

Doreen DeMarco

Berkshire Hathaway HomeServices Fox & Roach - Holmdel License #1222377 Listed on: 03/08/2017

Berkshire Hathaway HomeServices Fox & Roach - Holmdel

Last Buyer's Agent

Joseph Campanella

AHS Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,393

Lot Details

  • 0.34

Home Design

  • Quadruplex

Laundry

  • Dryer
  • Washer

Schools

  • Neptune Middle School
  • Neptune Twp High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Additional Features

  • Stove
  • Partial Basement

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for water, heat, gas, electricity
  • The owner pays for yard maintenance, sewer, garbage removal
  • Assessor Parcel Number 35-00403-0000-00025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,393

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Location Middle School: Neptune
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 3 Furnace3: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Furnace10: Yes
  • Unit 4 Gas Stove10: Yes
  • Unit 4 Water Heater4: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Water Heater3: Yes
  • Unit 3 Water Meter: Yes
  • Unit 5 Other Room Desc10: Garage
  • Special Features: None

Interior Features

  • Basement: Partial
  • Basement: Yes
  • Basement:Partial: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Parcel #: 35-00403-0000-00025

Rental Info

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

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 9393.0
  • Tax Other Annual Assessment Amount: 438900.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • High School: Neptune Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2025
Sold by
Nms December 2020 Borrower Llc
Bought by
More Shore Llc
Current Estimated Value
$770,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,000
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2020
Sold by
1221-9 Ave Llc
Bought by
Nms December 2020 Borrower Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,279,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2018
Sold by
Gt Global Properties Llc
Bought by
1221 9 Ave Llc

Purchase Details

Listed on
Mar 8, 2017
Closed on
Jun 23, 2017
Sold by
Fernicola Ivette Z and Zito Carl
Bought by
Gt Global Properties Llc
Seller's Agent
Doreen DeMarco
Berkshire Hathaway HomeServices Fox & Roach - Holmdel
Buyer's Agent
Joseph Campanella
AHS Realty
Sold Price
$366,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.46%

Purchase Details

Closed on
Aug 26, 2013
Sold by
Inette Demarco Carlzito Eugene and Inette Fernilola
Bought by
Ivette Demarco Eugene and Ivette Fernilola

Purchase Details

Closed on
Feb 24, 2009
Sold by
Fernicola Ivette Z and Zito Carl
Bought by
Fernicola Ivette Z and Zito Carl

Purchase Details

Closed on
Oct 20, 2008
Sold by
Land Community Development Llc
Bought by
Fernicola Ivette Z and Zito Carl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
5.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2001
Sold by
Aurora Loan Svcs Inc
Bought by
Gannon Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 9, 1995
Sold by
Sovereign Bank
Bought by
Hinds Hugh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
7.82%
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
More Shore Llc $780,000 Two Rivers Title
Nms December 2020 Borrower Llc -- Land Title
1221 9 Ave Llc -- Stewart Title
Gt Global Properties Llc $366,000 Madison Title Agency
Ivette Demarco Eugene -- None Available
Fernicola Ivette Z -- Multiple
Fernicola Ivette Z $510,000 Multiple
Gannon Matthew $132,000 --
Hinds Hugh $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner More Shore Llc $624,000
Previous Owner Nms December 2020 Borrower Llc $5,279,000
Previous Owner Fernicola Ivette Z $382,500
Previous Owner Gannon Matthew $344,000
Previous Owner Gannon Matthew $92,000
Previous Owner Hinds Hugh $77,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2017 06/26/17 Sold $366,000 -- $190 / 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 $9,575 $616,000 $303,800 $312,200
2023 $9,575 $530,200 $225,200 $305,000
2022 $9,037 $473,900 $183,500 $290,400
2021 $9,037 $427,700 $148,200 $279,500
2020 $8,855 $418,100 $138,600 $279,500
2019 $8,200 $382,300 $138,600 $243,700
2018 $9,997 $460,700 $133,000 $327,700
2017 $9,915 $438,900 $138,500 $300,400
2016 $10,057 $444,000 $148,500 $295,500
2015 $9,393 $421,800 $133,500 $288,300
2014 $7,488 $276,400 $98,500 $177,900
Source: Public Records

Agents Affiliated with this Home

  • Doreen DeMarco

    Seller's Agent in 2017

    Doreen DeMarco

    BHHS Fox & Roach

    (732) 241-5015

    1 in this area

    143 Total Sales

    Section Image

  • J

    Buyer's Agent in 2017

    Joseph Campanella

    AHS Realty

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21709022

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00403-0000-00025

New Jersey Monmouth County Neptune 07753

1221 9th Ave, Neptune, NJ

This home is located at 1221 9th Ave, Neptune, NJ 07753 since 08 March 2017 and is currently estimated at $757,094, approximately $392 per square foot. 1221 9th Ave is a home located in Monmouth County with nearby schools including Neptune High 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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