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Seller's Agent in 2023
James Giannell
New Markets Realty Inc
22 Dewitt Ave Asbury Park, NJ 07712
Estimated Value: $801,174 - $869,000
6
Beds
3
Baths
2,290
Sq Ft
$365/Sq Ft
Est. Value
Highlights
- Thermal Windows
- Patio
- Baseboard Heating
- Cooling Available
- Forced Air Heating System
- Level Lot
About This Home
As of July 2023Excellent opportunity for the right investor. Rents are way below market value. Each apartment has separate meters for Gas, and Electric. Owner pays water (approx $120/mo), sewer (approx $800.00 in 2022) , plus electric meter for common electric. 1st floor and 3rd floor apartments have new gas FHA heating systems. 1st floor tenant is on a lease till 3/30/24 (section 8); other tenants are month to month.
Last Agent to Sell the Property
James Giannell
New Markets Realty Inc License #7844904 Listed on: 05/04/2023
Last Buyer's Agent
James Giannell
New Markets Realty Inc License #7844904 Listed on: 05/04/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,178
Year Built
- Built in 1935
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 50 x 150
- Level Lot
Home Design
- Triplex
- Stucco Exterior
Interior Spaces
- 2,290 Sq Ft Home
- 3-Story Property
- Thermal Windows
- Stove
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- No Garage
- Off-Street Parking
Outdoor Features
- Patio
Schools
- Asbury Park High School
Utilities
- Cooling Available
- Forced Air Heating System
- Heating System Uses Natural Gas
- Furnace
- Baseboard Heating
- Separate Meters
- Natural Gas Water Heater
Community Details
- 3 Units
Listing and Financial Details
- Tenant pays for hot water, water, heat, gas, electricity
- The owner pays for sewer
- Assessor Parcel Number 04-00903-0000-00028
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 3, 2025
Sold by
22 Dewitt Ave Llc
Bought by
Dewitt Ave Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,250
Outstanding Balance
$578,724
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$256,820
Purchase Details
Listed on
May 4, 2023
Closed on
Jul 24, 2023
Sold by
Roundtree Bennie L
Bought by
22 Dewitt Ave Llc
Seller's Agent
James Giannell
New Markets Realty Inc
Buyer's Agent
James Giannell
New Markets Realty Inc
List Price
$609,900
Sold Price
$596,000
Premium/Discount to List
-$13,900
-2.28%
Views
118
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.45%
Original Mortgage
$417,200
Interest Rate
6.67%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 18, 2002
Sold by
Easley Ruth
Bought by
Roundtree Benny
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
7.05%
Mortgage Type
Commercial
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dewitt Ave Llc | $825,000 | Iconic Title | |
| 22 Dewitt Ave Llc | $596,000 | Chicago Title | |
| Roundtree Benny | $104,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dewitt Ave Llc | $581,250 | |
| Previous Owner | 22 Dewitt Ave Llc | $417,200 | |
| Previous Owner | Roundtree Benny | $78,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2023 07/24/23 | Sold | $596,000 | -2.3% | $260 / Sq Ft |
| 06/19/2023 06/19/23 | Pending | -- | -- | -- |
| 05/04/2023 05/04/23 | For Sale | $609,900 | -- | $266 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History Compared to Growth
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 | $7,488 | $479,000 | $134,900 | $344,100 |
| 2024 | $7,488 | $473,300 | $121,900 | $351,400 |
| 2023 | $6,308 | $408,000 | $93,100 | $314,900 |
| 2022 | $5,337 | $396,800 | $62,100 | $334,700 |
| 2021 | $5,337 | $337,900 | $60,200 | $277,700 |
| 2020 | $4,550 | $288,900 | $58,100 | $230,800 |
| 2019 | $3,894 | $236,000 | $55,400 | $180,600 |
| 2018 | $3,609 | $202,500 | $52,200 | $150,300 |
| 2017 | $4,025 | $193,500 | $48,500 | $145,000 |
| 2016 | $3,887 | $181,300 | $46,500 | $134,800 |
| 2015 | $3,888 | $175,600 | $44,300 | $131,300 |
| 2014 | $3,638 | $167,900 | $39,300 | $128,600 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22311936
APN: 04-00903-0000-00028
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