NOT LISTED FOR SALE

1501 Bangs Ave Unit 1503 Asbury Park, NJ 07712

Estimated Value: $453,000 - $621,000

6 Beds
2 Baths
1,792 Sq Ft
$299/Sq Ft Est. Value

Last Sold September 28, 2023

Last sale price $550,000 $307 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,436/month

41 Days on Market

About This Home

As of September 2023

FABULOUS multi-family investment property in the heart of Asbury Park. Property is on a double lot making it one of the larger parcels in the area. Both units are occupied, and leases are up in September. Home boasts a freshly painted exterior, new landscaping, new sewer line, new boiler, new roof, inviting front porch and a large fenced in grass side yard for entertaining.

Last Agent to Sell the Property

John DeFrancesco

Goldstone Realty License #2192302 Listed on: 06/06/2023

Goldstone Realty

Last Buyer's Agent

John DeFrancesco

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,380

Year Built

  • Built in 1930

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50 x 110

Home Design

  • Duplex

Interior Spaces

  • 1,792 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Multiple cooling system units
  • Baseboard Heating
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: All personal belongings
  • Assessor Parcel Number 04-01404-0000-00012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,380

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: 50 x 110
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Cooling Multi Units: Yes
  • Special Features: None

Interior Features

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

Exterior Features

  • Acres: 0.13
  • Waterfront: No
  • Exclusions: All personal belongings

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes

Lot Info

  • Lot Dimensions: 50 x 110
  • Lot Size Sq Ft: 5662.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-01404-0000-00012
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4380.0
  • Tax Other Annual Assessment Amount: 281300.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2023
Closed on
Sep 5, 2023
Sold by
Bd 1501 Bangs Llc
Bought by
Summerfield Acquisition Llc
Seller's Agent
John DeFrancesco
Goldstone Realty
Buyer's Agent
John DeFrancesco
Goldstone Realty
List Price
$595,000
Sold Price
$550,000
Premium/Discount to List
-$45,000
-7.56%
Views
112
Current Estimated Value
$534,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,042
Avg. Annual Appreciation
-1.48%

Purchase Details

Listed on
Mar 1, 2022
Closed on
May 10, 2022
Sold by
Garofalo and Nicole
Bought by
Bd 1501 Bangs Llc
Seller's Agent
Tamiann Segarra
RE/MAX Gateway
Buyer's Agent
John DeFrancesco
Goldstone Realty
List Price
$419,999
Sold Price
$410,000
Premium/Discount to List
-$9,999
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.11%
Original Mortgage
$307,500
Interest Rate
5%
Mortgage Type
Construction

Purchase Details

Closed on
May 2, 2012
Sold by
Garofalo Anthony and Garofalo Nicole
Bought by
Garofalo Anthony and Garofalo Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,500
Interest Rate
4.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 2011
Sold by
Drugos Alexander
Bought by
Garofalo Anthony

Purchase Details

Closed on
Jan 30, 2004
Sold by
Irizarry Isoel
Bought by
Drugos Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,900
Interest Rate
5.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2001
Sold by
Pusey Fitzhenry
Bought by
Irizarry Isoel and Irizarry Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,100
Interest Rate
7.13%
Mortgage Type
FHA
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
Summerfield Acquisition Llc $550,000 Foundation Title
Bd 1501 Bangs Llc $410,000 Arcomano Keith N
Garofalo Anthony -- None Available
Garofalo Anthony $115,000 Old Republic National Title
Drugos Alexander $239,900 --
Irizarry Isoel $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Summerfield Acquisition Llc $455,000
Previous Owner Bd 1501 Bangs Llc $307,500
Previous Owner Garofalo Anthony $199,500
Previous Owner Garofalo Anthony $80,500
Previous Owner Balisage Gislene $5,000
Previous Owner Drugos Alexander $191,900
Previous Owner Irizarry Isoel $108,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2023 09/28/23 Sold $550,000 -7.6% $307 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
06/06/2023 06/06/23 For Sale $595,000 +45.1% $332 / Sq Ft
05/20/2022 05/20/22 Sold $410,000 -2.4% $229 / Sq Ft
03/27/2022 03/27/22 For Sale $419,999 0.0% $234 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
03/01/2022 03/01/22 For Sale $419,999 -- $234 / 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 $5,787 $491,500 $126,700 $364,800
2023 $5,787 $374,300 $86,700 $287,600
2022 $3,768 $281,300 $57,800 $223,500
2021 $3,768 $238,500 $56,100 $182,400
2020 $3,282 $208,400 $54,000 $154,400
2019 $2,869 $173,900 $51,500 $122,400
2018 $2,659 $149,200 $48,600 $100,600
2017 $3,301 $158,700 $46,300 $112,400
2016 $3,192 $148,900 $44,300 $104,600
2015 $3,164 $142,900 $41,000 $101,900
2014 $2,958 $136,500 $36,000 $100,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    John DeFrancesco

    Goldstone Realty

    (917) 642-0475

    2 in this area

    44 Total Sales

    Section Image
  • Tamiann Segarra

    Seller's Agent in 2022

    Tamiann Segarra

    RE/MAX

    (732) 695-1600

    2 in this area

    19 Total Sales

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22314791

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-01404-0000-00012

New Jersey Monmouth County Asbury Park 07712

1501 Bangs Ave Unit 1503, Asbury Park, NJ

This home is located at 1501 Bangs Ave Unit 1503, Asbury Park, NJ 07712 since 06 June 2023 and is currently estimated at $534,958, approximately $298 per square foot. This property was built in 1930. 1501 Bangs Ave Unit 1503 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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