NOT LISTED FOR SALE

1507 Summerfield Ave Asbury Park, NJ 07712

Estimated Value: $543,855 - $608,000

5 Beds
2 Baths
1,708 Sq Ft
$331/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $449,000 $263 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,619/month

22 Days on Market

Highlights

  • Cooling Available
  • Fenced
  • Vinyl Flooring
  • Forced Air Heating System
  • Level Lot

About This Home

As of August 2022

Great 2 family home. 1st floor 2 bedrooms w brand new front porch, upstairs updated 3 bedroom apt. Driveway and oversized backyard w plenty of parking.

Last Agent to Sell the Property

William McClellan

Berkshire Hathaway HomeServices Signature Properties Listed on: 05/30/2022

Last Buyer's Agent

Peng Liu

Keller Williams Realty West Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,489

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50 x 104
  • Fenced
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,708 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • Off-Street Parking

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for hot water, gas, electricity
  • The owner pays for water, sewer, garbage removal
  • Assessor Parcel Number 04-01403-0000-00015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,489

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Fenced Area, Level
  • Subdivision Name: None
  • Reso Flooring: Laminate, Vinyl
  • New Construction: No
  • Year Built: 1920
  • 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 104
  • Location Middle School: Martin Luther King Jr. Middle School
  • Roof Shingled: Yes
  • Lot Description Fenced Area: Yes
  • WaterSewer Public Water: Yes
  • Floors Vinyl3: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • Floors Laminate2: Yes
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Acres: 0.12
  • Waterfront: No
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Martin Luther King Jr. Middle School

Lot Info

  • Lot Dimensions: 50 x 104
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-01403-0000-00015
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Gas, Electricity
  • Owner Pays: Water, Sewer, Garbage Removal

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5489.0
  • Tax Other Annual Assessment Amount: 347400.0

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
Jan 3, 2020
Sold by
Furnarl Salvatore and Collins James M
Bought by
1507 Summerfield Ave Llc
Current Estimated Value
$565,464

Purchase Details

Listed on
Mar 18, 2019
Closed on
Apr 12, 2019
Sold by
Leifer Menashe
Bought by
Furnari Salvatore and Collins James M
Seller's Agent
Stacy Stefani
Weichert Realtors-Ocean
Buyer's Agent
William McClellan
Prudential Zack Shore Properties
Sold Price
$270,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.99%
Original Mortgage
$202,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 7, 2018
Closed on
Mar 27, 2018
Sold by
Gammal Charles
Bought by
Leifer Menashe
Seller's Agent
Marcelle Bale
Burke&Manna Real Estate Agency
Buyer's Agent
Marcelle Bale
Coldwell Banker Res. Brokerage
Sold Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.13%
Original Mortgage
$142,500
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2010
Sold by
Coleman Katherine
Bought by
Gammal Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
5.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2002
Sold by
Asbury Park City
Bought by
Coleman Katherine and Coleman Ronald

Purchase Details

Closed on
Dec 18, 1996
Sold by
Gjl Limited
Bought by
Ricigliahno Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
7.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 25, 1996
Sold by
Hud
Bought by
Stewart Terry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
7.55%
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
1507 Summerfield Ave Llc -- None Available
Furnari Salvatore $270,000 None Available
Leifer Menashe $190,000 First American Title
Gammal Charles $162,000 First American Title Ins Co
Coleman Katherine $58,500 --
Ricigliahno Pamela $147,500 --
Stewart Terry $19,027 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Furnari Salvatore $202,500
Previous Owner Leifer Menashe $142,500
Previous Owner Gammal Charles $121,500
Previous Owner Ricigliahno Pamela $111,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2022 08/05/22 Sold $449,000 -5.5% $263 / Sq Ft
05/30/2022 05/30/22 For Sale $475,000 +75.9% $278 / Sq Ft
04/12/2019 04/12/19 Sold $270,000 0.0% $238 / Sq Ft View Prior Sale
03/01/2019 03/01/19 Rented $1,375 0.0% --
04/04/2018 04/04/18 Sold $190,000 -- $168 / 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 $7,564 $484,700 $136,300 $348,400
2024 $6,853 $478,100 $122,400 $355,700
2023 $6,853 $443,300 $84,800 $358,500
2022 $5,489 $409,000 $56,500 $352,500
2021 $5,489 $347,400 $54,900 $292,500
2020 $4,679 $297,100 $52,800 $244,300
2019 $3,176 $192,500 $50,300 $142,200
2018 $2,958 $166,000 $47,500 $118,500
2017 $3,170 $152,400 $45,300 $107,100
2016 $3,068 $143,100 $43,300 $99,800
2015 $3,038 $137,200 $40,000 $97,200
2014 $2,819 $130,100 $35,000 $95,100
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2022

    William McClellan

    Berkshire Hathaway HomeServices Signature Properties

  • P

    Buyer's Agent in 2022

    Peng Liu

    Keller Williams Realty West Monmouth

  • S

    Seller's Agent in 2019

    Stacy Stefani

    Weichert Realtors-Ocean

  • B

    Seller's Agent in 2019

    Barbara Elmer

    McNeely Agency

    (908) 489-5605

    1 Total Sale

    Barbara Elmer
    Section Image
  • Marcelle Bale

    Seller's Agent in 2018

    Marcelle Bale

    Burke&Manna Real Estate Agency

    (732) 455-5420

    65 Total Sales

    Marcelle Bale
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22216437

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-01403-0000-00015

New Jersey Monmouth County Asbury Park 07712

1507 Summerfield Ave, Asbury Park, NJ

This home is located at 1507 Summerfield Ave, Asbury Park, NJ 07712 since 30 May 2022 and is currently estimated at $565,464, approximately $331 per square foot. This property was built in 1920. 1507 Summerfield 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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