$340,000
SOLD FEB 19, 2020

1609 Bangs Ave Neptune, NJ 07753

4 Beds
3 Baths
1,584 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$215 Per Sq Ft

97 Days on Market

Highlights

  • Air Conditioning
  • Zoned Heating
  • Level Lot
  • Patio

About This Home

As of December 2024

A MUST see, income producing 3 family home on the border of Asbury Park. 2 units newly renovated and one just vacated for an owner-occupied opportunity w/as little as 3.5% down. Or rent them all for a good ROI. Off street parking for 3+ cars. Bonus, low taxes. State inspection good until 2023.

Last Agent to Sell the Property

Jacquelyn Mery

Berkshire Hathaway HomeServices Signature Properties Listed on: 09/20/2019

Last Buyer's Agent

Reynaldo Castaneda

Weichert Realtors-Ocean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,665

Year Built

  • Built in 1924

Home Design

  • Triplex
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1,584 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Stove

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 3 Parking Spaces
  • No Garage
  • Common or Shared Parking
  • On-Street Parking
  • Off-Street Parking

Schools

  • Woodrow Wilson Elementary School
  • Neptune Middle School
  • Neptune Twp High School

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater

Additional Features

  • Patio
  • Level Lot

Listing and Financial Details

  • Exclusions: Tenant belongings
  • Tenant pays for hot water, heat, gas
  • The owner pays for water, snow removal, sewer, garbage removal, electricity
  • Assessor Parcel Number 35-00711-0000-00004

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $1,800
  • Insurance Expense $1,100
  • Water Sewer Expense $1,980
  • Gross Income $40,200
  • Net Operating Income $30,655

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,665

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1924
  • 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
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 49 x 75, 9 x 75
  • Location Middle School: Neptune
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • SidingAluminum: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • Cooling Multi Units: Yes
  • General Property Info # Parking Spaces: 3.0
  • Unit 1 Gas Meter3: Yes
  • Unit 2 AC Unit2: Yes
  • Cooling Single Zone Heat: Yes
  • Income Expenses Electric Expense: 1800.0
  • Income Expenses Insurance Expense: 1100.0
  • Income Expenses WaterSewer Expense: 1980.0
  • Income Expenses Gross Income2: 40200.0
  • Income Expenses Net Income: 30655.0
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Exterior Screens2: Yes
  • Basement Tenant Storage: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 AC Unit3: Yes
  • Unit 3 Water Heater3: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Tenant Storage, Tenant Acc
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: Tenant belongings
  • Construction Type: Aluminum Siding
  • Exterior Features: Patio, Screens

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Common, Off Street, On Street, None
  • Total Parking Spaces: 3.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • GarageParking:Common: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Radiator
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Fee Information

  • Annual Water Sewer Expense: 1980.0

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 49 x 75, 9 x 75
  • Parcel #: 35-00711-0000-00004
  • Zoning Description: Multi-Family

Rental Info

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

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 3665.0
  • Tax Other Annual Assessment Amount: 169800.0

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 1800.0
  • Annual Gross Income: 40200.0
  • Insurance Expense: 1100.0

MLS Schools

  • Elementary School: Woodrow Wilson
  • High School: Neptune Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2024
Closed on
Dec 12, 2024
Sold by
Guzzardi Joseph and Guzzardi Alisa
Bought by
1609 Bangs Llc
Seller's Agent
Rey Castaneda
Weichert Realtors-Manalapan
Buyer's Agent
Michael Mizrahi
Weichert Realtors
List Price
$525,000
Sold Price
$465,000
Premium/Discount to List
-$60,000
-11.43%
Views
67
Current Estimated Value
$474,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,705
Avg. Annual Appreciation
4.13%

Purchase Details

Listed on
Sep 20, 2019
Closed on
Feb 14, 2020
Sold by
Spitzer Lipa
Bought by
Guzzardi Joseph and Guzzardi Alisa
Seller's Agent
Jacquelyn Mery
Berkshire Hathaway HomeServices Signature Properties
Buyer's Agent
Reynaldo Castaneda
Weichert Realtors-Ocean
Sold Price
$340,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.70%
Original Mortgage
$255,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2017
Sold by
Jackson Ulysses C
Bought by
Spitzer Lipa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,375
Interest Rate
3.83%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Deed $465,000 Trident Abstract Title
Deed $465,000 Trident Abstract Title
Bargain Sale Deed $340,000 Clearpoint Title Agency Llc
Deed $152,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $255,000 New Conventional
Previous Owner $114,375 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2024 12/16/24 Sold $465,000 -11.4% $294 / Sq Ft
10/07/2024 10/07/24 Pending -- -- --
09/14/2024 09/14/24 For Sale $525,000 0.0% $331 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
05/13/2024 05/13/24 Off Market $525,000 -- --
05/11/2024 05/11/24 For Sale $525,000 +54.4% $331 / Sq Ft
02/19/2020 02/19/20 Sold $340,000 -- $215 / Sq Ft
12/26/2019 12/26/19 Pending -- -- --
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 $7,417 $460,000 $166,700 $293,300
2023 $7,417 $410,700 $124,200 $286,500
2022 $8,076 $356,100 $79,700 $276,400
2021 $3,642 $382,200 $65,700 $316,500
2020 $3,787 $178,800 $50,500 $128,300
2019 $3,642 $169,800 $49,800 $120,000
2018 $3,665 $168,900 $49,800 $119,100
2017 $3,617 $160,100 $49,800 $110,300
2016 $3,586 $158,300 $49,800 $108,500
2015 $3,467 $155,700 $49,800 $105,900
2014 $3,806 $140,500 $39,900 $100,600
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Rey Castaneda

    Weichert Realtors-Manalapan

    (732) 618-5202

    3 in this area

    31 Total Sales

    Rey Castaneda
    Section Image
  • Michael Mizrahi

    Buyer's Agent in 2024

    Michael Mizrahi

    Weichert Realtors

    (732) 539-8801

    11 in this area

    88 Total Sales

    Michael Mizrahi
    Section Image

  • J

    Seller's Agent in 2020

    Jacquelyn Mery

    Berkshire Hathaway HomeServices Signature Properties

  • R

    Buyer's Agent in 2020

    Reynaldo Castaneda

    Weichert Realtors-Ocean

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21938703

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00711-0000-00004

New Jersey Monmouth County Neptune 07712

1609 Bangs Ave, Neptune, NJ

This home is located at 1609 Bangs Ave, Neptune, NJ 07753 and is currently priced at $340,000, approximately $214 per square foot. This property was built in 1924. 1609 Bangs Ave is a home located in Monmouth County with nearby schools including Neptune 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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