NOT LISTED FOR SALE

1225 7th Ave Neptune, NJ 07753

Estimated Value: $502,000 - $686,000

3 Beds
3 Baths
1,539 Sq Ft
$397/Sq Ft Est. Value

Last Sold June 07, 2024

Last sale price $670,000 $435 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,922/month

30 Days on Market

Highlights

  • 0.17 Acre Lot
  • Cooling Available
  • Level Lot
  • Storm Windows
  • Fenced
  • 1-Story Property

About This Home

As of June 2024

Great opportunity for investor to purchase this 4 unit property fully occupied that is minutes from the beach, shopping and all major transportation. Call for details.

Last Agent to Sell the Property

Richard Shirvanian

EXIT Realty East Coast Shirvanian License #9331863 Listed on: 03/07/2024

EXIT Realty East Coast Shirvanian

Last Buyer's Agent

Sharon Ferrari

Patrick Parker Realty License #1432119

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,314

Year Built

  • Built in 1940

Lot Details

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

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Shingle Siding
  • Vinyl Siding

Interior Spaces

  • 1,539 Sq Ft Home
  • 1-Story Property
  • Window Screens
  • Storm Windows
  • Washer and Dryer Hookup

Parking

  • No Garage
  • Common or Shared Parking

Outdoor Features

  • Exterior Lighting

Schools

  • Neptune Middle School
  • Neptune Twp High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 4 Units
  • Bradley Park Subdivision

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for yard maintenance, water, sewer
  • Assessor Parcel Number 35-00412-0000-00031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,314

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • ResoLotFeatures: Fenced Area, Level
  • Subdivision Name: Bradley Park
  • Reso Flooring: See Remarks, Other
  • Year Built: 1940
  • Contract Info List PriceSqFt: 422.29
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • Location Middle School: Neptune
  • Roof Shingled: Yes
  • Lot Description Fenced Area: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Exterior Storm Window: Yes
  • Garage None4: Yes
  • Siding Shingle: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Exterior Screens2: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Washer Hookup2: Yes
  • Special Features: None

Interior Features

  • Basement: Slab
  • Basement: No
  • Stories: 1
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Exclusions: None
  • Construction Type: Shingle Siding
  • Exterior Features: Storm Window, Screens, Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Common, None
  • General Property Info:Garage: No
  • GarageParking:Common: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: 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 #: 35-00412-0000-00031
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7314.0
  • Tax Other Annual Assessment Amount: 405000.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • High School: Neptune Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
Jun 6, 2024
Sold by
Marttine James
Bought by
Kazy 28 Llc
Seller's Agent
Richard Shirvanian
EXIT Realty East Coast Shirvanian
Buyer's Agent
Sharon Ferrari
Patrick Parker Realty
List Price
$649,900
Sold Price
$670,000
Premium/Discount to List
$20,100
3.09%
Views
18
Current Estimated Value
$611,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$58,941
Avg. Annual Appreciation
-6.11%

Purchase Details

Closed on
Jan 17, 2020
Sold by
Marttine Management Llc
Bought by
Marttine James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2016
Sold by
Sluyk Patrick
Bought by
Marttine Management Llc

Purchase Details

Closed on
Jul 8, 2015
Sold by
Nationstar Mortgage Llc
Bought by
Sluyk Patrick

Purchase Details

Closed on
Feb 5, 2004
Sold by
Troppoli Ronald
Bought by
Cainzos John and Cainzos Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.71%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kazy 28 Llc $670,000 Prestige Title
Marttine James -- Signature Setmnt & Ttl Agcy
Marttine Management Llc $172,000 None Available
Sluyk Patrick $145,000 Foundation Title
Cainzos John $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marttine James $255,000
Previous Owner Cainzos John $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2024 06/07/24 Sold $670,000 +3.1% $435 / Sq Ft
03/20/2024 03/20/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $649,900 0.0% $422 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
02/19/2024 02/19/24 For Sale $649,900 -- $422 / 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 $8,345 $520,800 $264,200 $256,600
2024 $7,314 $476,600 $251,200 $225,400
2023 $7,314 $405,000 $190,100 $214,900
2022 $5,356 $329,200 $154,300 $174,900
2021 $5,356 $253,500 $119,000 $134,500
2020 $5,018 $236,900 $109,400 $127,500
2019 $5,384 $251,000 $109,400 $141,600
2018 $5,303 $244,400 $103,800 $140,600
2017 $5,410 $239,500 $109,300 $130,200
2016 $5,604 $247,400 $119,300 $128,100
2015 $5,104 $229,200 $104,300 $124,900
2014 $5,022 $185,400 $69,300 $116,100
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Richard Shirvanian

    EXIT Realty East Coast Shirvanian

    (732) 768-3544

    2 in this area

    16 Total Sales

    Richard Shirvanian
    Section Image
  • Sharon Ferrari

    Buyer's Agent in 2024

    Sharon Ferrari

    Patrick Parker Realty

    (732) 455-5252

    7 in this area

    71 Total Sales

    Sharon Ferrari
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22404517

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00412-0000-00031

New Jersey Monmouth County Neptune 07753

1225 7th Ave, Neptune, NJ

Not Listed for Sale

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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