NOT LISTED FOR SALE

1501 Grand Ave Asbury Park, NJ 07712

Estimated Value: $968,000 - $1,165,000

3 Beds
2 Baths
-- Sq Ft
5,750 Sq Ft Lot

Last Sold October 24, 2014

Last sale price $463,500

Est. 122% increase in value since last sale

Current estimated payment $6,417/month

55 Days on Market

Highlights

  • Lake Front
  • Wood Flooring
  • 1 Car Detached Garage
  • Lake On Lot
  • 1 Fireplace
  • Leaded Glass Windows

About This Home

As of October 2014

Grand shore colonial in desirable northeast neighborhood with easy access to beach and lakes. Four charming apartments generating $61,000 gross income. Many original details and updates. Newer kitchens , updated electric panel, roof in 2010. Property has detached garage and full basement with washer/dryer hook-up.

Last Agent to Sell the Property

Marianne Schell

Berkshire Hathaway HomeServices Vail Coastal Properties Listed on: 06/26/2014

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,238

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 50' x 100'
  • Lake Front

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Home Design

  • Quadruplex
  • Stucco Exterior

Interior Spaces

  • 3-Story Property
  • 1 Fireplace
  • Leaded Glass Windows
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Dishwasher

Outdoor Features

  • Lake On Lot

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • Separate Meters
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 00203000000001

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $3,800
  • Insurance Expense $1,800
  • Maintenance Expense $6,000
  • Water Sewer Expense $2,100
  • Gross Income $61,200
  • Net Operating Income $41,578

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,238

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Income And Expenses Maintenance Expense: 6000.0
  • Subdivision Name: None
  • Reso Flooring: Wood
  • New Construction: No
  • Year Built: 1900
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50' X 100'
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 1.0
  • Siding Stucco - Cement: Yes
  • General Property Info # Parking Spaces: 2.0
  • Water Type Lake: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 1 Dishwasher4: Yes
  • Income Expenses Insurance Expense: 1800.0
  • Income Expenses WaterSewer Expense: 2100.0
  • Income Expenses Gross Income2: 61200.0
  • Income Expenses Net Income: 41578.0
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Gas Stove10: Yes
  • Unit 2 Gas Stove2: Yes
  • Income Expenses Gas Expense: 3800.0
  • Exterior Lead Glass Window2: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Waterfront Features: Lake
  • Waterfront: No
  • Construction Type: Stucco
  • Exterior Features: Lead Glass Window

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Off Street, Detached
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 2100.0

Lot Info

  • Lot Dimensions: 50' X 100'
  • Parcel #: 00203000000001

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 61200.0
  • Insurance Expense: 1800.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2005
Sold by
Winograd Richard M
Bought by
Nine Hundred Fourteen Fifth Av
Current Estimated Value
$1,031,104

Purchase Details

Closed on
Feb 5, 2003
Sold by
Klein Gary
Bought by
Winograd Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 2001
Sold by
Byrne Kevin
Bought by
Resort Town Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 1998
Sold by
Earley Kevin
Bought by
Brunswick Ave Realty Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 1997
Sold by
Villalta Oscar
Bought by
Klein Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.77%
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
Nine Hundred Fourteen Fifth Av -- --
Winograd Richard $270,000 --
Resort Town Properties Llc $192,000 --
Brunswick Ave Realty Corp $70,000 --
Klein Gary $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Winograd Richard $167,000
Previous Owner Resort Town Properties Llc $144,000
Previous Owner Brunswick Ave Realty Corp $40,000
Previous Owner Klein Gary $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2014 10/24/14 Sold $463,500 -- --
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 $12,238 $834,900 $521,000 $313,900
2024 $10,074 $773,600 $453,000 $320,600
2023 $10,074 $651,600 $329,700 $321,900
2022 $6,835 $476,000 $274,700 $201,300
2021 $6,835 $432,600 $249,700 $182,900
2020 $6,294 $399,600 $237,600 $162,000
2019 $5,798 $351,400 $226,200 $125,200
2018 $7,752 $435,000 $205,700 $229,300
2017 $7,498 $360,500 $178,000 $182,500
2016 $7,714 $359,800 $183,000 $176,800
2015 $7,415 $334,900 $162,700 $172,200
2014 $6,117 $282,300 $168,300 $114,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Marianne Schell

    Berkshire Hathaway HomeServices Vail Coastal Properties

  • N

    Buyer's Agent in 2014

    NON MEMBER

    VRI Homes

  • N

    Buyer's Agent in 2014

    NON MEMBER MORR

    NON MEMBER

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21425764

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-00203-0000-00001

New Jersey Monmouth County Asbury Park 07712

1501 Grand Ave, Asbury Park, NJ

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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