NOT LISTED FOR SALE

1230 Monroe Ave Asbury Park, NJ 07712

Estimated Value: $435,000 - $724,000

6 Beds
2 Baths
2,128 Sq Ft
$298/Sq Ft Est. Value

Last Sold December 04, 2014

Last sale price $195,000 $92 Per Sq Ft

Est. 225% increase in value since last sale

Current estimated payment $3,959/month

228 Days on Market

About This Home

As of December 2014

ASBURY PARK INVESTORS..THE VALUE HERE is undisputed. FULL RENOVATED, NO WORK. This two-family property is finished and grossing $32K+ annually. Each 3 BR, 1064 sq. ft. unit in this two story duplex delivers a SOLID rent roll. Newer kitchens with 42 inch cabinets and appliances; baths with 30 inch solid surface vanity; LAUNDRY in EACH UNIT; updated heat/HW/plumbing systems; new flooring, electrical upgrades, exterior landscaping and lighting. ACT NOW.. this won't last at this price!

Last Agent to Sell the Property

James Whalen

Gloria Nilson & Co. Real Estate Listed on: 03/13/2014

Last Buyer's Agent

Renee Gast

C21/ J.J. Laufer

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,110

Lot Details

  • 7,492

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Asbury Park High School

Utilities

  • Heating System Uses Natural Gas
  • Furnace
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 01402000000003

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,000
  • Gross Income $25,400
  • Net Operating Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,110

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Income Expenses Insurance Expense: 1000.0
  • Income Expenses Gross Income2: 25400.0
  • Income Expenses Net Income: 32400.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Waterfront: No
  • Construction:Siding - Vinyl: Yes

Garage/Parking

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

Utilities

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

Lot Info

  • Parcel #: 01402000000003

Tax Info

  • Tax Year: 2013
  • Tax Other Annual Assessment Amount: 100500.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 25400.0
  • Insurance Expense: 1000.0

MLS Schools

  • High School: Asbury Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2018
Sold by
Andrew D Wilcox
Bought by
Lipschutz Yitty
Total Days on Market
228
Current Estimated Value
$633,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
4.9%

Purchase Details

Closed on
Feb 5, 2018
Sold by
Wilcox Andrew D and Irizarry Arturo
Bought by
Lipschutz Yitty

Purchase Details

Listed on
Mar 13, 2014
Closed on
Dec 4, 2014
Sold by
Wolsten Doron R
Bought by
Wilcox Andrew D and Irizarry Antono
Seller's Agent
James Whalen
Gloria Nilson & Co. Real Estate
Buyer's Agent
Renee Gast
C21/ J.J. Laufer
Sold Price
$195,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.08%
Original Mortgage
$146,250
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 7, 2011
Sold by
Aurora Loan Services Llc
Bought by
Wolsten Doron R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2011
Sold by
Turchin Raymond L and Turchin Florette
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
May 16, 2006
Sold by
Modular Development I
Bought by
Turchin Raymond L and Turchin Florette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
7.25%
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
Lipschutz Yitty $250,000 --
Lipschutz Yitty $250,000 Universal Title
Wilcox Andrew D $195,000 First American Title
Wolsten Doron R $136,500 None Available
Aurora Loan Services Llc -- None Available
Turchin Raymond L $265,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ware Amy M $482,345
Closed Lipschutz Yitty $245,000
Closed Lipschutz Yitty $187,500
Closed Lipschutz Yitty --
Closed Lipscnutz Yitty $187,500
Previous Owner Lipschutz Yitty $250,000
Previous Owner Wilcox Andrew D $146,250
Previous Owner Wolsten Doron R $125,000
Previous Owner Turchin Raymond L $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2014 12/04/14 Sold $195,000 -- $92 / 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 $6,110 $432,600 $138,100 $294,500
2023 $6,110 $395,200 $93,100 $302,100
2022 $4,555 $336,600 $62,100 $274,500
2021 $4,555 $288,300 $60,200 $228,100
2020 $3,906 $248,000 $58,100 $189,900
2019 $3,670 $222,400 $55,400 $167,000
2018 $3,373 $189,300 $52,200 $137,100
2017 $3,929 $188,900 $49,500 $139,400
2016 $3,821 $178,200 $47,500 $130,700
2015 $3,472 $156,800 $44,300 $112,500
2014 $3,259 $150,400 $39,300 $111,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    James Whalen

    BHHS Fox & Roach

  • R

    Buyer's Agent in 2014

    Renee Gast

    C21/ J.J. Laufer

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21409105

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-01402-0000-00003

New Jersey Monmouth County Asbury Park 07712

1230 Monroe Ave, Asbury Park, NJ

This home is located at 1230 Monroe Ave, Asbury Park, NJ 07712 since 13 March 2014 and is currently estimated at $633,156, approximately $297 per square foot. 1230 Monroe 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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