NOT LISTED FOR SALE

1402 Grand Ave Asbury Park, NJ 07712

Estimated Value: $1,056,000 - $1,301,000

4 Beds
4 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold September 19, 2017

Last sale price $640,000

Est. 88% increase in value since last sale

Current estimated payment $7,912/month

8 Days on Market

Highlights

  • Water Views
  • Cooling Available
  • 1 Car Garage
  • 1 Fireplace

About This Home

As of September 2017

Amazingly well maintained 4 Family with steady income. Beautiful views of the lake and only a few blocks to the Beach. Asbury Park is the Hottest Spot year round so rental incomes are skyrocketing. Top of the line 1st Floor unit boasts new kitchen with Granite, stainless steel appliances, hardwood floors and brick fireplace. Bonus finished basement room has additional den, ''bonus room'' and bathroom. 2nd Floor has 2 1 bedroom units that have been very well maintained. A very large Studio Apartment is on the 3rd Floor. This is the opportunity if you are looking for a great investment in a flourishing town! Call today, before its too late! 24 notice is required.

Last Agent to Sell the Property

Jenine Ford

VRI Homes Listed on: 07/05/2017

Last Buyer's Agent

Sharyn Coyne

Genora & Co.Realty, LLC License #1435135

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,377

Year Built

  • Built in 1921

Lot Details

  • Lot Dimensions are 35 x 75

Parking

  • 1 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 1 Fireplace
  • Water Views
  • Partially Finished Basement

Kitchen

  • Stove
  • Dishwasher

Laundry

  • Dryer
  • Washer

Schools

  • Asbury Park Middle School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 04-03605-0000-00009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,377

Year Built

Built in 1921

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • Year Built: 1921
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 35 x 75
  • Location Middle School: Asbury Park
  • WaterSewer Public Water: Yes
  • General Property Info # Fireplaces: 1.0
  • Unit 1 Washer2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Gas Stove: Yes
  • Special Features: None

Interior Features

  • Basement: Partially Finished
  • Basement: Yes
  • Fireplaces: 1
  • Basement:Partially Finished: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 1.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Asbury Park

Lot Info

  • Lot Dimensions: 35 x 75
  • Parcel #: 04-03605-0000-00009

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 10377.0
  • Tax Other Annual Assessment Amount: 484000.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2017
Closed on
Sep 18, 2017
Sold by
Dottore Angela M
Bought by
Shadab Ford Edward M and Shadab Maghsood
Seller's Agent
Jenine Ford
VRI Homes
Buyer's Agent
Sharyn Coyne
Genora & Co.Realty, LLC
Sold Price
$640,000
Current Estimated Value
$1,205,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$565,618
Avg. Annual Appreciation
8.35%
Original Mortgage
$500,000
Interest Rate
3.86%
Mortgage Type
New Conventional
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
Shadab Ford Edward M $640,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ford Edward M $470,000
Closed Shadab Ford Edward M $500,000
Previous Owner Dottore Angela M $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2017 09/19/17 Sold $640,000 -- --
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 $16,120 $1,002,400 $494,900 $507,500
2023 $16,120 $1,042,700 $495,400 $547,300
2022 $12,893 $910,200 $412,800 $497,400
2021 $11,773 $816,000 $375,300 $440,700
2020 $11,773 $747,500 $353,200 $394,300
2019 $11,408 $691,400 $336,400 $355,000
2018 $11,800 $662,200 $298,100 $364,100
2017 $10,381 $499,100 $261,500 $237,600
2016 $10,377 $484,000 $266,500 $217,500
2015 $10,370 $468,400 $256,500 $211,900
2014 $10,224 $471,800 $331,500 $140,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jenine Ford

    VRI Homes

  • S

    Buyer's Agent in 2017

    Sharyn Coyne

    Genora & Co.Realty, LLC

    (732) 598-9115

    4 Total Sales

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21717689

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-03605-0000-00009

New Jersey Monmouth County Asbury Park 07712

1402 Grand Ave, Asbury Park, NJ

This home is located at 1402 Grand Ave, Asbury Park, NJ 07712 since 05 July 2017 and is currently estimated at $1,205,618. This property was built in 1921. 1402 Grand 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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