NOT LISTED FOR SALE

123 Borden Ave Asbury Park, NJ 07712

Estimated Value: $470,000 - $551,155

6 Beds
2 Baths
-- Sq Ft
7,492 Sq Ft Lot

Last Sold May 21, 2020

Last sale price $300,000

Est. 72% increase in value since last sale

Current estimated payment $3,218/month

57 Days on Market

About This Home

As of May 2020

Rare find!! Wonderful investment opportunity. This duplex has three bedrooms per unit. This property sits on an over-sized lot in up and coming Asbury Park. Home has separate gas and electric meters. The first-floor unit has access to the full basement and the enclosed porch. Each unit has a private rear porch to utilize. *Completely As Is Sale*

Last Agent to Sell the Property

Kyheem Davis

Weichert Realtors Listed on: 03/10/2020

Last Buyer's Agent

Stacy Molinari-Stefani

Burke&Manna Real Estate Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,459

Year Built

  • Built in 1920

Lot Details

  • 7,492

Home Design

  • Duplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 50 x 150

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for water, gas, electricity
  • The owner pays for sewer
  • Assessor Parcel Number 04-01101-0000-00036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,459

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Year Built: 1920
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Unit 1 Electric Meter: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Full Basement: 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

Lot Info

  • Lot Dimensions: 50 x 150
  • Parcel #: 04-01101-0000-00036
  • Zoning Description: Multi-Family

Rental Info

  • Tenant Pays: Water, Gas, Electricity
  • Owner Pays: See Remarks, Sewer

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2459.0
  • Tax Other Annual Assessment Amount: 158500.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2020
Closed on
May 20, 2020
Sold by
Accordo Jessica D
Bought by
Asbury Borden Llc
Seller's Agent
Kyheem Davis
Weichert Realtors
Buyer's Agent
Stacy Molinari-Stefani
Burke&Manna Real Estate Agency
List Price
$330,000
Sold Price
$300,000
Premium/Discount to List
-$30,000
-9.09%
Current Estimated Value
$516,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,442
Avg. Annual Appreciation
10.53%
Original Mortgage
$325,000
Interest Rate
11%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 7, 2016
Sold by
Roldan Jessica E and Daccordo Jessica
Bought by
Daccordo Jessica

Purchase Details

Listed on
Mar 30, 2012
Closed on
Jun 22, 2012
Sold by
Fannie Mae
Bought by
Roldan Jessica E
Seller's Agent
Bonnie Schall
Diane Turton, Realtors-Point Pleasant Boro
Buyer's Agent
Judite Ribeiro
Prudential Zack Shore Properties
Sold Price
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.59%

Purchase Details

Closed on
Mar 14, 2012
Sold by
Nap Strategic Investments Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 15, 2009
Sold by
Reiss Chaim
Bought by
Nap Strategic Investments Llc

Purchase Details

Closed on
Dec 1, 2006
Sold by
Palmer Robert L
Bought by
Reiss Chaim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
8.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 22, 2006
Sold by
Palmer Robert
Bought by
Palmer Betty L and Palmer Robert L
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
Asbury Borden Llc $300,000 Rms Title Services Llc
Daccordo Jessica -- None Available
Roldan Jessica E $120,000 Coastal Title Agency Inc
Federal National Mortgage Association -- None Available
Nap Strategic Investments Llc -- Chicago Title Insurance Co
Reiss Chaim $300,000 --
Palmer Betty L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asbury Borden Llc $344,000
Closed Asbury Borden Llc $325,000
Previous Owner Reiss Chaim $285,000
Previous Owner Palmer Robert $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2020 05/21/20 Sold $300,000 -9.1% --
03/11/2020 03/11/20 Pending -- -- --
03/10/2020 03/10/20 For Sale $330,000 0.0% --
01/30/2020 01/30/20 Pending -- -- --
01/13/2020 01/13/20 For Sale $330,000 +175.0% --
06/28/2012 06/28/12 Sold $120,000 -- $77 / 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 $4,674 $345,000 $121,900 $223,100
2023 $4,674 $302,300 $93,100 $209,200
2022 $3,454 $252,200 $62,100 $190,100
2021 $3,454 $218,600 $60,200 $158,400
2020 $2,981 $189,300 $58,100 $131,200
2019 $2,615 $158,500 $55,400 $103,100
2018 $2,459 $138,000 $52,200 $85,800
2017 $2,698 $129,700 $47,500 $82,200
2016 $2,631 $122,700 $47,500 $75,200
2015 $2,601 $117,500 $44,300 $73,200
2014 $2,429 $112,100 $39,300 $72,800
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kyheem Davis

    Weichert Realtors

  • S

    Buyer's Agent in 2020

    Stacy Molinari-Stefani

    Burke&Manna Real Estate Agency

  • S

    Buyer's Agent in 2020

    Stacy Stefani

    Weichert Realtors-Ocean

  • B

    Seller's Agent in 2012

    Bonnie Schall

    Diane Turton, Realtors-Point Pleasant Boro

  • J

    Buyer's Agent in 2012

    Judite Ribeiro

    Prudential Zack Shore Properties

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22000198

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-01101-0000-00036

New Jersey Monmouth County Asbury Park 07712

123 Borden Ave, Asbury Park, NJ

This home is located at 123 Borden Ave, Asbury Park, NJ 07712 since 10 March 2020 and is currently estimated at $506,039. This property was built in 1920. 123 Borden 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.

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