NOT LISTED FOR SALE

1224 7th Ave Neptune, NJ 07753

Estimated Value: $563,000 - $662,000

4 Beds
2.5 Baths
1,279 Sq Ft
$470/Sq Ft Est. Value

Last Sold October 29, 2020

Last sale price $420,000 $328 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,837/month

54 Days on Market

Highlights

  • Garage Apartment
  • Deck
  • 1 Car Garage
  • 0.17 Acre Lot
  • Wood Flooring
  • Landscaped with Trees

About This Home

As of October 2020

WHAT A BUY! Two family located less than a mile to the beach/boardwalk and just two blocks to the New York City Train! Front house has 3 bedrooms, 1.5 baths, formal living & dining rooms, kitchen with plenty of cabinets, den/office, pantry/laundry on first level, front porch/rear deck. Adorable apartment over garage is a 1 bedroom with eat in kitchen, living room, full bath. Plenty of storage on the property (garage & full basement). Spacious yard & ample off street parking. Call today!

Last Agent to Sell the Property

Anna Jackow

RE/MAX Gateway License #9697027 Listed on: 09/06/2020

RE/MAX Gateway

Last Buyer's Agent

Jacob Smith

Ward Wight Sotheby's International Realty License #0560385

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,617

Year Built

  • Built in 1930

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Fenced
  • Level Lot
  • Landscaped with Trees

Parking

  • 1 Car Garage
  • Garage Apartment
  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Awning
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Stove

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • Neptune Middle School

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Furnace
  • Hot Water Baseboard Heater
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Tenant's furnishings and possessions.
  • Tenant pays for hot water, water, heat, gas, electricity
  • The owner pays for sewer
  • Assessor Parcel Number 35-00415-0000-00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,617

Year Built

Built in 1930

Lot Details

7,405 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Fenced Area, Level, Treed Lots
  • Subdivision Name: None
  • Reso Flooring: Wood
  • Year Built: 1930
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Garage Direct Entry: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • Location Middle School: Neptune
  • Roof Shingled: Yes
  • Lot Description Fenced Area: Yes
  • Lot Description Treed Lots: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • ExteriorDeck: Yes
  • Garage Apt Above Garage: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Water Meter3: Yes
  • Exterior Awnings2: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Exclusions: Tenant's furnishings and possessions.
  • Exterior Features: Deck, Awnings
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Paved, Off Street, Detached, Direct Access
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes
  • Parking:Paved2: Yes

Utilities

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

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 35-00415-0000-00002
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Water, Heat, Gas, Electricity
  • Owner Pays: Sewer

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 6617.0
  • Tax Other Annual Assessment Amount: 308500.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2020
Closed on
Oct 28, 2020
Sold by
Neptune Key Llc
Bought by
Sims Stephen M
Seller's Agent
Anna Jackow
RE/MAX Gateway
Buyer's Agent
Jacob Smith
Ward Wight Sotheby's International Realty
List Price
$419,000
Sold Price
$420,000
Premium/Discount to List
$1,000
0.24%
Current Estimated Value
$600,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,978
Avg. Annual Appreciation
6.89%
Original Mortgage
$315,000
Outstanding Balance
$283,372
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$317,606

Purchase Details

Listed on
Sep 26, 2017
Closed on
Jan 2, 2018
Sold by
Morace William and Garneau Patricia
Bought by
Neptune Key Llc
Seller's Agent
Anna Jackow
RE/MAX Gateway
Buyer's Agent
Michael Formisano
EXP Realty
Sold Price
$25,200

Purchase Details

Listed on
Jul 11, 2017
Closed on
Sep 19, 2017
Sold by
Lewis Kendelene
Bought by
Morace William and Garneau Patricia
Seller's Agent
Anna Jackow
RE/MAX Gateway
Buyer's Agent
Anna Jackow
RE/MAX Gateway
Sold Price
$312,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.03%
Original Mortgage
$170,000
Interest Rate
3.82%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sims Stephen M $420,000 Trident Abstract Ttl Agcy Ll
Sims Stephen M $420,000 Trident Abstract Title
Neptune Key Llc -- --
Morace William $312,000 Red Bank Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sims Stephen M $315,000
Closed Sims Stephen M $315,000
Previous Owner Morace William $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/29/2020 10/29/20 Sold $420,000 0.0% $328 / Sq Ft
09/06/2020 09/06/20 Pending -- -- --
07/16/2020 07/16/20 Off Market $420,000 -- --
07/14/2020 07/14/20 For Sale $419,000 0.0% $328 / Sq Ft
11/30/2017 11/30/17 Rented $25,200 0.0% --
09/19/2017 09/19/17 Sold $312,000 -- $244 / Sq Ft View Prior Sale
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $8,522 $504,200 $264,200 $240,000
2024 $7,587 $486,700 $251,200 $235,500
Source: Public Records

Agents Affiliated with this Home

  • Anna Jackow

    Seller's Agent in 2020

    Anna Jackow

    RE/MAX

    (732) 996-0119

    19 in this area

    34 Total Sales

    Anna Jackow
    Section Image
  • Jacob Smith

    Buyer's Agent in 2020

    Jacob Smith

    Ward Wight Sotheby's International Realty

    (732) 567-0162

    15 in this area

    121 Total Sales

    Jacob Smith
    Section Image

  • M

    Buyer's Agent in 2017

    Michael Formisano

    EXP Realty

    (732) 272-0233

    3 Total Sales

    Michael Formisano
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22023649

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00415-0000-00002

New Jersey Monmouth County Neptune 07753

1224 7th Ave, Neptune, NJ

Not Listed for Sale

MultiFamily

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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