NOT LISTED FOR SALE

1515 7th Ave Neptune, NJ 07753

Estimated Value: $493,000

3 Beds
2 Baths
1,379 Sq Ft
$358/Sq Ft Est. Value

Last Sold August 04, 2022

Last sale price $405,000 $294 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,295/month

43 Days on Market

Highlights

  • Deck
  • Outdoor Storage
  • Hot Water Heating System
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Fenced

About This Home

As of August 2022

Great 2-family cape on quiet street. Live in one unit and rent the other. Needs TLC. Hardwood floors main level with Custom cabinets in kitchen. Nice size rooms. Upstairs is a roomy expanded studio. Great backyard for party & play with deck. Large shed. Can be converted back to single family Cape. Close to Asbury Park & Ocean Grove beaches and restaurants. Close to Jersey Shore Hospital. Easy NYC commute.

Last Agent to Sell the Property

Johnna Cerligione

Coldwell Banker Riviera Realty License #2186806 Listed on: 06/16/2022

Coldwell Banker Riviera Realty

Last Buyer's Agent

Jean Groome

Weichert Realtors-Sea Girt

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,485

Year Built

  • Built in 1955

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Fenced

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 1,379 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Deck
  • Outdoor Storage

Schools

  • Neptune Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater
  • Shared Water Heater

Community Details

  • 2 Units
  • Fenced Storage

Listing and Financial Details

  • Tenant pays for hot water
  • Assessor Parcel Number 35-01111-0000-00025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,485

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Reso Flooring: Wood, Vinyl
  • New Construction: No
  • Year Built: 1955
  • 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 150
  • Location Middle School: Neptune
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Vinyl3: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • ExteriorDeck: Yes
  • Siding Shingle: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Electric Stove2: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 1 Water Meter3: Yes
  • Exterior Locked Storage2: Yes
  • Water Heater Shared: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Full, Slab
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2
  • Full Basement: Yes
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Construction Type: Shingle Siding
  • Exterior Features: Deck, Fence, Locked Storage

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, On Street
  • General Property Info:Garage: No
  • Parking:On Street: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes
  • Heating:Hot Water2: Yes

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 35-01111-0000-00025
  • Zoning Description: Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5485.0
  • Tax Other Annual Assessment Amount: 259600.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2022
Closed on
Jul 29, 2022
Seller's Agent
Johnna Cerligione
Coldwell Banker Riviera Realty
Buyer's Agent
Jean Groome
Weichert Realtors-Sea Girt
List Price
$384,900
Sold Price
$405,000
Premium/Discount to List
$20,100
5.22%
Views
2
Current Estimated Value
$493,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,000
Avg. Annual Appreciation
6.89%
Original Mortgage
$324,000
Outstanding Balance
$311,007
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$181,993

Purchase Details

Closed on
Sep 14, 1999
Bought by
Smith Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,207
Interest Rate
8.1%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
-- $405,000 Associated Title
Smith Alan $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open -- $324,000
Previous Owner Smith Alan M $236,000
Previous Owner Smith Alan $91,207
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2022 08/04/22 Sold $405,000 +5.2% $294 / Sq Ft
05/15/2022 05/15/22 For Sale $384,900 -- $279 / 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 $6,866 $445,300 $251,200 $194,100
2023 $6,866 $380,200 $190,100 $190,100
2022 $5,485 $310,000 $154,300 $155,700
2021 $5,485 $259,600 $139,900 $119,700
2020 $5,172 $244,200 $130,700 $113,500
2019 $4,691 $218,700 $112,300 $106,400
2018 $4,642 $213,900 $108,300 $105,600
2017 $4,791 $212,100 $114,300 $97,800
2016 $4,770 $210,600 $114,300 $96,300
2015 $4,637 $208,200 $114,300 $93,900
2014 $4,795 $177,000 $64,300 $112,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22214620

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-01111-0000-00025