NOT LISTED FOR SALE

150 Ridge Ave Asbury Park, NJ 07712

Estimated Value: $401,000 - $529,000

5 Beds
2 Baths
1,476 Sq Ft
$320/Sq Ft Est. Value

Last Sold June 27, 2023

Last sale price $438,000 $297 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,950/month

33 Days on Market

Highlights

  • Multiple cooling system units
  • Zoned Heating
  • Baseboard Heating

About This Home

As of June 2023

Opportunity is knocking on the SW side of Asbury Park. A 2 family home with 3 bedroom downstairs and a 2 bedroom upstairs. Long term tenants wants to stay put. Below market rents. A little updating needed but nothing major. Maximize your potential and include this property in your portfolio. Create a cash flowing asset or live here affordably. A bike ride to the beach and downtown Asbury to be in the mix for the summer! Please share lender info for First-time homebuyers in DOCS! Buyer to obtain TOT. Let's go!

Last Agent to Sell the Property

Shonda Neal

EXIT Realty East Coast Shirvanian License #0017715 Listed on: 03/13/2023

EXIT Realty East Coast Shirvanian

Last Buyer's Agent

Marcelle Sasson

G & G Agency Inc License #8241920

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,447

Year Built

  • Built in 1930

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 32 x 135

Home Design

  • Duplex

Interior Spaces

  • 1,476 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Stove

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Multiple cooling system units
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Furnace
  • Baseboard Heating
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • Water Sewer Expense $2,592
  • Gross Income $37,200

Listing and Financial Details

  • Exclusions: Tenants belongings
  • Tenant pays for heat, gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 04-01003-0000-00014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,447

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 List PriceSqFt: 298.1
  • 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: 32 x 135
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Cooling Multi Units: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Furnace: Yes
  • Income Expenses WaterSewer Expense: 2592.0
  • Income Expenses Gross Income2: 37200.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Full Basement: Yes

Exterior Features

  • Acres: 0.1
  • Waterfront: No
  • Exclusions: Tenants belongings

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Baseboard, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Baseboard: Yes

Fee Information

  • Annual Water Sewer Expense: 2592.0

Lot Info

  • Lot Dimensions: 32 x 135
  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-01003-0000-00014
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Heat, Gas, Electricity
  • Owner Pays: Water, Sewer

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4447.0
  • Tax Other Annual Assessment Amount: 285600.0

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 37200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2023
Closed on
Jun 22, 2023
Sold by
Dbgb Properties Llc
Bought by
150 Ridge Avenue Llc
Seller's Agent
Shonda Neal
EXIT Realty East Coast Shirvanian
Buyer's Agent
Marcelle Sasson
G & G Agency Inc
List Price
$440,000
Sold Price
$438,000
Premium/Discount to List
-$2,000
-0.45%
Views
120
Current Estimated Value
$471,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,975
Avg. Annual Appreciation
3.10%
Original Mortgage
$294,000
Outstanding Balance
$286,138
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$185,837

Purchase Details

Closed on
Nov 7, 2018
Sold by
Becker Douglas E and Becker Grace
Bought by
Dbgb Properties Llc

Purchase Details

Listed on
Oct 20, 2014
Closed on
Dec 9, 2014
Sold by
Trident Partners Llc
Bought by
Becker Douglas E and Becker Grace
Seller's Agent
JoAnn Yagoda
Jersey Shore Real Estate Group Associates LLC
Buyer's Agent
Bonnie Jenson
Jersey Shore Real Estate Group Associates LLC
Sold Price
$145,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.33%

Purchase Details

Closed on
Apr 4, 2003
Sold by
Wright Mark
Bought by
Geib William and Geib Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,200
Interest Rate
5.53%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2002
Sold by
Graham Irving
Bought by
Wright Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,600
Interest Rate
6.92%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
150 Ridge Avenue Llc $438,000 Madison Title
Dbgb Properties Llc -- None Available
Becker Douglas E $145,000 Prestige New Jersey Title Ag
Geib William $189,000 --
Wright Mark $164,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 150 Ridge Avenue Llc $294,000
Previous Owner Geib William $147,200
Previous Owner Wright Mark $161,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2023 06/27/23 Sold $438,000 -0.5% $297 / Sq Ft
03/13/2023 03/13/23 For Sale $440,000 +203.4% $298 / Sq Ft
12/11/2014 12/11/14 Sold $145,000 -- $98 / Sq Ft View Prior Sale
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 $5,615 $360,700 $114,100 $246,600
2024 $5,153 $354,900 $103,100 $251,800
2023 $5,153 $333,300 $71,500 $261,800
2022 $3,850 $285,600 $47,700 $237,900
2021 $3,850 $243,700 $46,300 $197,400
2020 $3,279 $208,200 $44,200 $164,000
2019 $2,892 $175,300 $42,100 $133,200
2018 $2,691 $151,000 $40,100 $110,900
2017 $3,022 $145,300 $36,400 $108,900
2016 $2,959 $138,000 $36,400 $101,600
2015 $2,927 $132,200 $33,200 $99,000
2014 -- $125,900 $28,200 $97,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22306780

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-01003-0000-00014