NOT LISTED FOR SALE

32 Franklin Ave Seaside Heights, NJ 08751

Estimated Value: $631,000 - $830,000

8 Beds
4 Baths
752 Sq Ft
$985/Sq Ft Est. Value

Last Sold June 06, 2019

Last sale price $325,000 $432 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $4,628/month

25 Days on Market

About This Home

As of June 2019

Don't miss this opportunity to own your own investment property with great rental income! This lot has 2 houses on it, each with 2 apartments, with each apartment containing 2 bedrooms and 1 bathroom. 3 of the 4 apartments are currently rented out to great tenants. Property is less then one block from the beach! Property is being sold As is.

Last Agent to Sell the Property

Joseph Betesh

Keller Williams Realty Monmouth/Ocean Listed on: 04/08/2019

Last Buyer's Agent

Fran Liteplo

RE/MAX First Realty License #8339492

RE/MAX First Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,748

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 28 x 100

Home Design

  • Quadruplex

Interior Spaces

  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

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

Community Details

  • 4 Units

Listing and Financial Details

  • Exclusions: All personal belongings of tenants.
  • The owner pays for water, gas, electricity
  • Assessor Parcel Number 27-00004-01-00032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,748

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1940
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 28 x 100
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Cooling Multi Units: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Waterfront: No
  • Exclusions: All personal belongings of tenants.

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

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

Lot Info

  • Lot Dimensions: 28 x 100
  • Parcel #: 27-00004-01-00032

Rental Info

  • Owner Pays: Water, Gas, Electricity

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 6748.0
  • Tax Other Annual Assessment Amount: 294300.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2019
Closed on
Jun 13, 2019
Sold by
Zaffrani Marc
Bought by
Schuster Kristie and Schuster Justin
Seller's Agent
Joseph Betesh
Keller Williams Realty Monmouth/Ocean
Buyer's Agent
Fran Liteplo
RE/MAX First Realty
Sold Price
$325,000
Current Estimated Value
$740,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$415,750
Avg. Annual Appreciation
13.81%
Original Mortgage
$237,750
Outstanding Balance
$209,040
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$531,710

Purchase Details

Listed on
Dec 12, 2012
Closed on
Jun 20, 2013
Sold by
Vecchio Patrice
Bought by
Zafrani Marc
Seller's Agent
Gina Troncone
Shore and Country, Realtors
Buyer's Agent
Gina Troncone
Shore and Country, Realtors
Sold Price
$160,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.63%

Purchase Details

Closed on
Jan 25, 2011
Sold by
32 Franklin Avenue Llc
Bought by
Vecchio Patrice

Purchase Details

Closed on
Apr 18, 2007
Sold by
Vecchio Patrice
Bought by
32 Franklin Llc and Vecchio Patrice

Purchase Details

Closed on
Nov 13, 2006
Sold by
32 Franklin Avenue Llc
Bought by
Vecchio Patrice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,950
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 23, 2004
Sold by
Dodson Darlene and Dodson Cary
Bought by
32 Franklin Avenue Llc and Dodson Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2004
Sold by
Sparber Anthony
Bought by
Dodson Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 2003
Sold by
Hayles Peter
Bought by
Sparber Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,600
Interest Rate
5.94%

Purchase Details

Closed on
Oct 10, 2002
Sold by
Hayles Peter
Bought by
Lombardi Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.24%
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
Schuster Kristie $317,000 Standout Ttl & Abstract Agcy
Zafrani Marc $160,000 Concord Title Agency
Vecchio Patrice -- None Available
Vecchio Patrice -- None Available
32 Franklin Llc -- None Available
Vecchio Patrice M $500,000 Lawyers Title Insurance Corp
32 Franklin Avenue Llc -- --
Dodson Cary -- Town & Country Title Llc
Dodson Darlene $360,000 Lawyers Title Insurance Corp
Sparber Anthony $304,000 --
Lombardi Angela $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schuster Kristie $237,750
Previous Owner Vecchio Patrice M $99,950
Previous Owner Vecchio Patrice M $350,000
Previous Owner Dodson Cary $288,000
Previous Owner Dodson Darlene $288,000
Previous Owner Sparber Anthony $273,600
Previous Owner Lombardi Angela $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2019 06/06/19 Sold $325,000 +103.1% $432 / Sq Ft
06/20/2013 06/20/13 Sold $160,000 -- $213 / Sq Ft View Prior Sale
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 $8,406 $681,600 $480,000 $201,600
2024 $7,740 $296,600 $156,000 $140,600
2023 $7,360 $294,300 $156,000 $138,300
2022 $7,360 $294,300 $156,000 $138,300
2021 $7,122 $294,300 $156,000 $138,300
2020 $7,146 $294,300 $156,000 $138,300
2019 $6,931 $294,300 $156,000 $138,300
2018 $6,748 $294,300 $156,000 $138,300
2017 $6,622 $294,300 $156,000 $138,300
2016 $6,510 $294,300 $156,000 $138,300
2015 $6,283 $294,300 $156,000 $138,300
2014 $5,754 $252,800 $156,000 $96,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Joseph Betesh

    Keller Williams Realty Monmouth/Ocean

  • Fran Liteplo

    Buyer's Agent in 2019

    Fran Liteplo

    RE/MAX

    (732) 492-7544

    55 Total Sales

    Fran Liteplo
    Section Image

  • F

    Buyer's Agent in 2019

    Frances Liteplo

    RE/MAX

  • G

    Seller's Agent in 2013

    Gina Troncone

    Shore and Country, Realtors

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21901014

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00004-01-00032

New Jersey Ocean County Seaside Heights 08751

32 Franklin Ave, Seaside Heights, NJ

This home is located at 32 Franklin Ave, Seaside Heights, NJ 08751 since 08 April 2019 and is currently estimated at $740,750, approximately $985 per square foot. This property was built in 1940. 32 Franklin Ave is a home located in Ocean County with nearby schools including Hugh J. Boyd Jr. Elementary School, Central Regional Middle School, and Central Regional High 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