NOT LISTED FOR SALE

171 1st Ave Manasquan, NJ 08736

Estimated Value: $1,071,000 - $1,133,000

8 Beds
3 Baths
2,044 Sq Ft
$543/Sq Ft Est. Value

Last Sold May 08, 2020

Last sale price $696,000 $341 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $6,954/month

31 Days on Market

Highlights

  • Deck
  • Storm Windows
  • Patio
  • Manasquan Elementary School Rated A-
  • Air Conditioning
  • Energy-Efficient Appliances

About This Home

As of May 2020

Located on First Avenue in the North End of Manasquan, with the beach across the street, these two separate buildings are attractively priced. Great income property. Great vacation property. The front building has two rental units. The cottage located at the rear of the property is a classic, modern, well-maintained one story building with three bedrooms and modern amenities. The front building faces east with great sun access. The lower unit has three bedrooms, kitchen, full bath, sitting area, and elevated porch in the back of the house for privacy. The upper unit has two bedrooms, kitchen, full bath, and large living area.A must see!

Last Agent to Sell the Property

Dawn Kologi

Compass New Jersey, LLC License #9799985 Listed on: 02/07/2020

Compass New Jersey, LLC

Last Buyer's Agent

Linda Madden

Richard I. Wood Agency License #1970944

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,022

Year Built

  • Built in 1932

Lot Details

  • 2,701

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,044 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Storm Windows

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Schools

  • Manasquan Elementary And Middle School
  • Manasquan High School

Utilities

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

Additional Features

  • Energy-Efficient Appliances
  • Lot Dimensions are 27 x 100

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Personal Belongings
  • Tenant pays for heat, gas, electricity
  • The owner pays for water, garbage removal
  • Assessor Parcel Number 2900171000000017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,022

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Subdivision Name: None
  • Reso Flooring: Linoleum/Vinyl, W/W Carpet
  • New Construction: No
  • Year Built: 1932
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 27 x 100
  • Location Middle School: Manasquan
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Exterior Storm Window: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • ExteriorDeck: Yes
  • Cooling Multi Units: Yes
  • Unit 1 Electric Stove3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Cooling Single Zone Heat: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 3 AC Unit3: Yes
  • Unit 3 Electric Stove: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Stories: 1
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: Personal Belongings
  • Exterior Features: Deck, Patio, Storm Window, Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units, Other
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Schools

  • Middle Or Junior School: Manasquan

Lot Info

  • Lot Dimensions: 27 x 100
  • Parcel #: 2900171000000017

Rental Info

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

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 8022.0
  • Tax Other Annual Assessment Amount: 525000.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Manasquan
  • High School: Manasquan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2020
Closed on
May 5, 2020
Sold by
Tilton Richard N
Bought by
Bhattacherya Kingsuk and Merchant Bindi
Seller's Agent
Dawn Kologi
Compass New Jersey, LLC
Buyer's Agent
Linda Madden
Richard I. Wood Agency
List Price
$699,000
Sold Price
$696,000
Premium/Discount to List
-$3,000
-0.43%
Total Days on Market
31
Current Estimated Value
$1,109,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$413,667
Avg. Annual Appreciation
9.62%
Original Mortgage
$522,000
Outstanding Balance
$467,593
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$642,074

Purchase Details

Closed on
May 7, 2003
Sold by
Kumar Suriender
Bought by
Tilton Richard

Purchase Details

Closed on
Oct 12, 1999
Sold by
Beede James
Bought by
Kumar Suriender and Kumar Lavinia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
7.68%

Purchase Details

Closed on
Jun 8, 1995
Sold by
Leslo John
Bought by
Beede James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
8.24%
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
Bhattacherya Kingsuk $696,000 Acres Land Title Agency Inc
Tilton Richard $475,000 --
Kumar Suriender $250,000 --
Beede James $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhattacherya Kingsuk $522,000
Previous Owner Kumar Suriender $185,000
Previous Owner Beede James $139,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2020 05/08/20 Sold $696,000 -0.4% $341 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
02/07/2020 02/07/20 For Sale $699,000 +0.4% $342 / Sq Ft
02/03/2020 02/03/20 Off Market $696,000 -- --
01/20/2020 01/20/20 For Sale $699,000 0.0% $342 / Sq Ft
09/20/2015 09/20/15 Rented $6,300 -- --
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 $8,983 $525,000 $425,000 $100,000
2023 $8,983 $525,000 $425,000 $100,000
2022 $8,647 $525,000 $425,000 $100,000
2021 $8,647 $525,000 $425,000 $100,000
2020 $8,526 $525,000 $425,000 $100,000
2019 $8,206 $525,000 $425,000 $100,000
2018 $8,022 $525,000 $425,000 $100,000
2017 $7,718 $525,000 $425,000 $100,000
2016 $9,083 $525,000 $425,000 $100,000
2015 $8,325 $487,100 $354,000 $133,100
2014 $7,041 $412,500 $325,000 $87,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22002423

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 29-00171-0000-00017