NOT LISTED FOR SALE

162 Ridge Ave Asbury Park, NJ 07712

Estimated Value: $600,000 - $733,234

7 Beds
3 Baths
2,976 Sq Ft
$220/Sq Ft Est. Value

Last Sold December 01, 2023

Last sale price $545,000 $183 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,264/month

68 Days on Market

Highlights

  • Screened Porch
  • Baseboard Heating
  • Level Lot
  • Multiple cooling system units

About This Home

As of December 2023

This house has all the makings of a charming and exquisite home. Come and see the wonderful possibilities of this grand dame on a double lot. So many possibilities... for an affordable beach home, an airbnb or compound for multigenerational living. A savvy investment for the creative investor. Nestled in the up and coming southwest side of Asbury. Come and be part of the harmonious blend of timeless allure and a funky music scene to unwind and relax. A full 5,000 sq ft buildable lot can be subdivided or turned into your own private oasis with a beautifully landscaped garden with pool. Enjoy cool summer evenings on the wrap around porch. AS is'' buyer responsible for certificate of occupancy. Due diligence responsibility of buyer.New boiler too!

Last Agent to Sell the Property

Shonda Neal

Berkshire Hathaway HomeServices Signature Properties Listed on: 08/11/2023

Last Buyer's Agent

Shonda Neal

Berkshire Hathaway HomeServices Signature Properties Listed on: 08/11/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,692

Year Built

  • Built in 1947

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100 x 135
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 2,976 Sq Ft Home
  • 3-Story Property
  • Screened Porch
  • Basement Fills Entire Space Under The House
  • Stove

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Schools

  • Thurgood Mar Elementary School
  • Asbury Park Middle School
  • Asbury Park High School

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Furnace
  • Baseboard Heating
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Asbury Heights Subdivision

Listing and Financial Details

  • Exclusions: Tenants to vacate personal items
  • Assessor Parcel Number 04-01003-0000-00021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,692

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Level
  • Subdivision Name: Asbury Heights
  • Reso Flooring: Other
  • Year Built: 1947
  • 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: 100 x 135
  • Location Middle School: Asbury Park
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Exterior Porch - Screened: Yes
  • Cooling Multi Units: Yes
  • Siding Stucco - Cement: Yes
  • General Property Info # Parking Spaces: 4.0
  • Unit 1 Water Heater: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.31
  • Waterfront: No
  • Exclusions: Tenants to vacate personal items
  • Construction Type: Stucco
  • Exterior Features: Porch - Screened

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, Off Street
  • Total Parking Spaces: 4.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:Paved2: Yes

Utilities

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

Schools

  • Middle Or Junior School: Asbury Park

Lot Info

  • Lot Dimensions: 100 x 135
  • Lot Size Sq Ft: 13503.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-01003-0000-00021
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7692.0
  • Tax Other Annual Assessment Amount: 519700.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Thurgood Mar
  • High School: Asbury Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Nov 21, 2023
Sold by
Newkirk Wileya
Bought by
162 Ridge Ave Llc
Seller's Agent
Shonda Neal
Berkshire Hathaway HomeServices Signature Properties
Buyer's Agent
Shonda Neal
Berkshire Hathaway HomeServices Signature Properties
List Price
$599,900
Sold Price
$545,000
Premium/Discount to List
-$54,900
-9.15%
Views
554
Current Estimated Value
$654,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,809
Avg. Annual Appreciation
11.13%
Original Mortgage
$408,750
Outstanding Balance
$402,334
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$252,475

Purchase Details

Closed on
Feb 11, 1994
Sold by
Arrington Annie
Bought by
Blue Willie Mae and Newkirk Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.18%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
162 Ridge Ave Llc $545,000 Old Republic Title
Blue Willie Mae $80 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 162 Ridge Ave Llc $408,750
Previous Owner Blue Willie Mae $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2023 12/01/23 Sold $545,000 -2.7% $183 / Sq Ft
10/18/2023 10/18/23 Pending -- -- --
10/03/2023 10/03/23 Price Changed $559,900 -6.7% $188 / Sq Ft
08/11/2023 08/11/23 For Sale $599,900 -- $202 / 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
2025 $8,440 $543,200 $180,100 $363,100
2024 $8,035 $533,500 $162,800 $370,700
2023 $8,035 $519,700 $147,500 $372,200
2022 $6,694 $494,000 $98,400 $395,600
2021 $6,694 $423,700 $95,500 $328,200
2020 $5,766 $366,100 $93,400 $272,700
2019 $4,991 $302,500 $89,000 $213,500
2018 $4,639 $260,300 $82,700 $177,600
2017 $5,258 $252,800 $71,800 $181,000
2016 $5,161 $240,700 $71,800 $168,900
2015 $5,156 $232,900 $68,400 $164,500
2014 $4,876 $225,000 $63,700 $161,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Shonda Neal

    Berkshire Hathaway HomeServices Signature Properties

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22322237

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-01003-0000-00021

New Jersey Monmouth County Asbury Park 07712

162 Ridge Ave, Asbury Park, NJ

This home is located at 162 Ridge Ave, Asbury Park, NJ 07712 since 11 August 2023 and is currently estimated at $654,809, approximately $220 per square foot. This property was built in 1947. 162 Ridge 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.

Nearby Homes