NOT LISTED FOR SALE

131 Ridge Ave Asbury Park, NJ 07712

Estimated Value: $518,000 - $623,000

5 Beds
2 Baths
1,920 Sq Ft
$298/Sq Ft Est. Value

Last Sold April 21, 2020

Last sale price $343,000 $179 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,652/month

14 Days on Market

About This Home

As of April 2020

Calling all investors! Great opportunity for rental income in Asbury Park. Monthly expenses (insurance, water, sewer) approx. $300 per month. Tenants pay electric and gas.2 family home.Upstairs- 3 bedrooms/ 1 full bath. 5 rooms totalDownstairs- 2 bedrooms/ 1 full bath/ 4 rooms total.2 newer hot water heaters (2018; 2019).

Last Agent to Sell the Property

Scott Hobbs

The Gallery Residential Brokerage Listed on: 02/18/2020

Last Buyer's Agent

William McClellan

Prudential Zack Shore Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,800

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 48 x 135

Parking

  • 6 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Stove

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Schools

  • Barack Obama Elementary School
  • Martin Luther King Jr. Middle School
  • Asbury Park High School

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Tenants' personal belongings.
  • Assessor Parcel Number 04-01001-0000-00006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,800

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1930
  • Contract Info New Construction: No
  • 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: 48 x 135
  • Location Middle School: Martin Luther King Jr. Middle School
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Parking Spaces: 6.0
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Water Meter3: Yes
  • Basement Shared Storage3: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Shared Storage
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Waterfront: No
  • Exclusions: Tenants' personal belongings.

Garage/Parking

  • Garage: No
  • Total Parking Spaces: 6.0
  • 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: Martin Luther King Jr. Middle School

Lot Info

  • Lot Dimensions: 48 x 135
  • Parcel #: 04-01001-0000-00006

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2800.0
  • Tax Other Annual Assessment Amount: 183400.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Barack Obama Elementary
  • High School: Asbury Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2021
Sold by
Ambrose Lawrence
Bought by
131 Ridge Ave Llc
Current Estimated Value
$571,946

Purchase Details

Closed on
Mar 6, 2021
Sold by
Ambrose Lawrence
Bought by
131 Ridge Ave Llc

Purchase Details

Listed on
Feb 18, 2020
Closed on
Apr 24, 2020
Sold by
Basile Marco
Bought by
Ambrose Lawrence
Seller's Agent
Scott Hobbs
The Gallery Residential Brokerage
Buyer's Agent
William McClellan
Prudential Zack Shore Properties
List Price
$343,000
Sold Price
$343,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.03%
Original Mortgage
$267,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2016
Closed on
Nov 1, 2016
Sold by
Wave Plus Limited Liyability Company
Bought by
Basile Marco
Seller's Agent
Rocio Lila Alsieux
Ward Wight Sotheby's International Realty
Buyer's Agent
Kimberly Newsome
Resources Real Estate
Sold Price
$160,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.58%

Purchase Details

Closed on
Apr 1, 2016
Sold by
Turner Gregory and King Dana
Bought by
Wave Plus Llc

Purchase Details

Closed on
Jan 29, 2015
Sold by
Wave Plus Llc
Bought by
Turner Gregory and King Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2014
Sold by
Turner Gregory and King Dana
Bought by
Wave Plus Llc

Purchase Details

Listed on
Aug 30, 2013
Closed on
Nov 22, 2013
Sold by
Roccia Robert and Callaham William
Bought by
Turner Gregory and King Dana
Seller's Agent
Robert Roccia
John C. Conover Agency
Buyer's Agent
Rocio Lila Alsieux
Ward Wight Sotheby's International Realty
Sold Price
$100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.00%
Original Mortgage
$75,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 19, 2003
Sold by
Pressley Tony
Bought by
Senavitis Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.81%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
131 Ridge Ave Llc -- None Listed On Document
131 Ridge Ave Llc -- Brunswick West Inc
Ambrose Lawrence $343,000 Foundation Title Llc
Basile Marco -- None Available
Wave Plus Llc -- None Available
Turner Gregory -- Agent For Westcor Land Title
Wave Plus Llc -- Agent For Old Republic Natl
Turner Gregory $100,000 Agent For Old Republic Natio
Senavitis Donald $150,000 --
Senavitis Donald $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ambrose Lawrence $267,250
Previous Owner Ambrose Lawrence $257,250
Previous Owner Turner Gregory $140,000
Previous Owner Turner Gregory $75,000
Previous Owner Callahan William $27,600
Previous Owner Callahan William $220,800
Previous Owner Senavitis Donald $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2020 04/21/20 Sold $343,000 0.0% $179 / Sq Ft
03/03/2020 03/03/20 Pending -- -- --
02/17/2020 02/17/20 For Sale $343,000 +114.4% $179 / Sq Ft
01/28/2020 01/28/20 Pending -- -- --
11/01/2016 11/01/16 Sold $160,000 +60.0% $83 / Sq Ft
11/27/2013 11/27/13 Sold $100,000 -- $52 / 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 $6,507 $417,800 $129,600 $288,200
2024 $6,113 $411,300 $117,100 $294,200
2023 $6,113 $395,400 $89,400 $306,000
2022 $3,980 $337,700 $59,600 $278,100
2021 $3,980 $251,900 $57,800 $194,100
2020 $3,465 $220,000 $55,700 $164,300
2019 $3,026 $183,400 $53,100 $130,300
2018 $2,800 $157,100 $50,100 $107,000
2017 $3,544 $170,400 $45,600 $124,800
2016 $2,609 $121,700 $45,600 $76,100
2015 $2,582 $116,600 $42,400 $74,200
2014 $2,408 $111,100 $37,400 $73,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Scott Hobbs

    The Gallery Residential Brokerage

  • W

    Buyer's Agent in 2020

    William McClellan

    Prudential Zack Shore Properties

  • R

    Seller's Agent in 2016

    Rocio Lila Alsieux

    Ward Wight Sotheby's International Realty

  • K

    Buyer's Agent in 2016

    Kimberly Newsome

    Resources Real Estate

  • R

    Seller's Agent in 2013

    Robert Roccia

    John C. Conover Agency

  • L

    Buyer's Agent in 2013

    Lila Alsieux

    The Gallery Residential Brokerage

    (732) 600-9383

    10 Total Sales

    Lila Alsieux
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21940311

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-01001-0000-00006

New Jersey Monmouth County Asbury Park 07712

131 Ridge Ave, Asbury Park, NJ

This home is located at 131 Ridge Ave, Asbury Park, NJ 07712 since 18 February 2020 and is currently estimated at $571,946, approximately $297 per square foot. This property was built in 1930. 131 Ridge 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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