NOT LISTED FOR SALE

225 Franklin Ave Seaside Heights, NJ 08751

Estimated Value: $762,173 - $997,000

4 Beds
2 Baths
2,709 Sq Ft
$317/Sq Ft Est. Value

Last Sold May 15, 2020

Last sale price $310,000 $114 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $5,275/month

133 Days on Market

About This Home

As of May 2020

Great property can be used as a 2 family 1 apt has 3BR 1B and 2nd apt is 1BR 1B.
Mother Daughter or just a get away for the weekends with income from one of the apts. 2 Driveways so plenty of parking. Nice deck in rear for entertaining and large back yard.

Last Agent to Sell the Property

Erwin Ruerup

Keller Williams Shore Properties Listed on: 10/31/2019

Last Buyer's Agent

Charmaine Selvanto

United Real Estate Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,523

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 50 x 100

Parking

  • Assigned Parking

Home Design

  • Duplex
  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Stove

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Personal Items
  • Assessor Parcel Number 27-00019-0000-00023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,523

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Year Built: 1940
  • 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 100
  • Cooling Central Air: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Slab
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Full Basement: Yes
  • Basement:Slab: Yes

Exterior Features

  • Waterfront: No
  • Exclusions: Personal Items

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Assigned
  • General Property Info:Garage: No
  • Parking:Assigned2: 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

Lot Info

  • Lot Dimensions: 50 x 100
  • Parcel #: 27-00019-0000-00023

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 8523.0
  • Tax Other Annual Assessment Amount: 371700.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2019
Closed on
Apr 15, 2020
Sold by
Rettino Michael and Rettino Joseph
Bought by
Hansen Justin and Hansen Yin
Seller's Agent
Erwin Ruerup
Keller Williams Shore Properties
Buyer's Agent
Charmaine Selvanto
United Real Estate Associates
List Price
$339,900
Sold Price
$310,000
Premium/Discount to List
-$29,900
-8.8%
Current Estimated Value
$858,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$548,543
Avg. Annual Appreciation
20.27%
Original Mortgage
$232,500
Outstanding Balance
$205,576
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$652,967

Purchase Details

Closed on
Jan 8, 2010
Sold by
Us Bank National Association
Bought by
Rettino Michael and Rettino Joseph

Purchase Details

Closed on
Feb 9, 2009
Sold by
Herrera Carlos
Bought by
Us Bank National Association

Purchase Details

Closed on
Jun 13, 2006
Sold by
Banuelos Angela
Bought by
Herrera Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
6.67%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 27, 1997
Sold by
Daletto Carissa
Bought by
Banuelos Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
7.78%

Purchase Details

Closed on
Jan 30, 1995
Sold by
Oci Mtg Corp
Bought by
Daletto Carissa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
9.19%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Hansen Justin $310,000 Agents Abstract Ttl Agcy Llc
Rettino Michael $151,000 First American Title Ins Co
Us Bank National Association -- None Available
Herrera Carlos $550,000 Commonwealth Land Title Insu
Banuelos Angela $140,625 --
Daletto Carissa A $69,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hansen Justin $232,500
Previous Owner Herrera Carlos $82,500
Previous Owner Herrera Carlos $440,000
Previous Owner Banuelos Angela $113,000
Previous Owner Daletto Carissa A $56,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2020 05/15/20 Sold $310,000 -6.0% $114 / Sq Ft
03/12/2020 03/12/20 Pending -- -- --
02/25/2020 02/25/20 Price Changed $329,900 -2.9% $122 / Sq Ft
10/31/2019 10/31/19 For Sale $339,900 0.0% $125 / Sq Ft
05/07/2018 05/07/18 Rented $1,200 -- --
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 $9,009 $848,700 $575,000 $273,700
2024 $8,361 $317,900 $150,000 $167,900
2023 $7,951 $317,900 $150,000 $167,900
2022 $7,951 $317,900 $150,000 $167,900
2021 $7,693 $317,900 $150,000 $167,900
2020 $9,025 $371,700 $150,000 $221,700
2019 $8,754 $371,700 $150,000 $221,700
2018 $8,523 $371,700 $150,000 $221,700
2017 $3,863 $171,700 $150,000 $21,700
2016 $3,798 $171,700 $150,000 $21,700
2015 $7,838 $367,100 $150,000 $217,100
2014 $7,177 $367,100 $150,000 $217,100
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    Erwin Ruerup

    Keller Williams Shore Properties

  • C

    Buyer's Agent in 2020

    Charmaine Selvanto

    United Real Estate Associates

  • Charmaine Selvanto RE

    Buyer's Agent in 2020

    Charmaine Selvanto RE

    Better Homes and Gardens Real Estate Murphy & Co

    (848) 992-0728

    15 Total Sales

    Charmaine Selvanto RE
    Section Image

  • M

    Buyer's Agent in 2018

    Melissa Fogler

    RE/MAX

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21943968

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00019-0000-00023

New Jersey Ocean County Seaside Heights 08751

225 Franklin Ave, Seaside Heights, NJ

Not Listed for Sale

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