398 Monmouth Ave Leonardo, NJ 07737
Leonardo NeighborhoodEstimated payment $3,230/month
Highlights
- Cooling Available
- Heating Available
- 1-Story Property
- Middletown - South High School Rated A-
About This Home
RARE find 2 HOMES COMPLETELY DETACHED ON THE SAME LOT.ONE FACES MONMOUTH AVE a ranch style home w/a walkway up to the front door & walkway to a side entry. Living/Dining room combo w/eat-in Kitchen,2 bedrooms,1 full bath & a basement. THE OTHER HOME FACES CENTER AVE a ranch style home with a side entrance door w/Living/Din room combo, Kitchen,1 bedroom,1 bath. LOT is 25' width & 250' depth. Property is owned from Monmouth Ave to Center Ave one large rectangular lot. BOTH Homes are in move in condition & sit on beautiful streets. Lot is treed, private, & w/both homes adjoining a backyard together. Home that enters off Center Ave has an extremely long driveway. Both homes are move in ready plus renters recently left June - lease expired May & they were month to month before leaving in June Separate gas & electric BUT a shared public water and public sewer bill that is not separated.
Current front home renter off Monmouth Ave had rented for over 20 plus years and pays $1,650 per month for a 2 bedroom, 1 bath, Kitchen, Liv/Din rm combo PLUS/a basement. Rent could possibly be over $2,500, landlord rarely raised the rent because tenant was an awesome renter! This price for rent is an estimate with the home fully updated you can get close to this rental price. You might get more or less depending upon condition of home. The fact that is completely detached will make it more sought after. Also, if there are not a lot of rentals available that can help in getting more for the rental of the home.
Home that enters off Center Ave paid $975 per month for a 1 bedroom 1 bath, Kitchen, Liv/Din rm combo w/a crawl space. Rent if NOT fully updated and minimally fixed up could possibly be rented for $1,500 per month, landlord rarely raised rent because tenant was an awesome renter for the last 10 years. If the 1 Bedroom was fully renovated, you could possibly get $2,250 for rent.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,129
Year Built
- Built in 1908
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 25 x 250
Interior Spaces
- 1-Story Property
- Finished Basement
- Crawl Space
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Parking
- No Garage
- On-Street Parking
Utilities
- Cooling Available
- Heating Available
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 32-00350-0000-00007
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,129 | $455,700 | $291,800 | $163,900 |
| 2024 | $6,029 | $372,600 | $211,700 | $160,900 |
| 2023 | $6,029 | $346,900 | $198,300 | $148,600 |
| 2022 | $5,622 | $304,500 | $163,000 | $141,500 |
| 2021 | $5,622 | $270,300 | $144,500 | $125,800 |
| 2020 | $5,324 | $249,000 | $131,500 | $117,500 |
| 2019 | $5,231 | $247,700 | $130,800 | $116,900 |
| 2018 | $4,557 | $210,300 | $98,800 | $111,500 |
| 2017 | $4,527 | $206,800 | $98,800 | $108,000 |
| 2016 | $4,104 | $192,600 | $98,800 | $93,800 |
| 2015 | $4,244 | $192,300 | $98,800 | $93,500 |
| 2014 | $4,171 | $184,300 | $98,800 | $85,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | Pending | -- | -- | -- |
| 07/17/2025 07/17/25 | Price Changed | $500,000 | -3.7% | -- |
| 06/20/2025 06/20/25 | Price Changed | $519,000 | -5.6% | -- |
| 05/04/2025 05/04/25 | For Sale | $550,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $38,000 | -- | |
| Deed | $140,000 | -- | |
| Deed | $38,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $206,865 | New Conventional | |
| Closed | $166,000 | New Conventional | |
| Closed | $148,000 | New Conventional | |
| Closed | $147,000 | New Conventional | |
| Closed | $100,000 | Credit Line Revolving | |
| Closed | $138,855 | FHA |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22513016
APN: 32-00350-0000-00007
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