J
Seller's Agent in 2025
Jaimie Hoffman
Real Broker, LLC- Red Bank
(855) 653-6723
3 Total Sales
SOLD OCT 17, 2025
RENTED NOV 1, 2025
398 Monmouth Ave Leonardo, NJ 07737
3
Beds
2
Baths
560
Sq Ft
6,098
Sq Ft Lot
Highlights
- Cooling Available
- Heating Available
- 1-Story Property
- Middletown - South High School Rated A-
About This Home
As of October 2025RARE 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.
Last Agent to Sell the Property
C21/ Action Plus Realty License #0120052 Listed on: 05/04/2025
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 5, 2000
Sold by
Leonard Carol
Bought by
Alvarez Peter
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
$138,855
Outstanding Balance
$50,059
Interest Rate
7.76%
Mortgage Type
FHA
Estimated Equity
$408,516
Purchase Details
Closed on
Nov 21, 2000
Sold by
Alvarez Peter
Bought by
Violante Joseph and Violante Patricia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,855
Outstanding Balance
$50,059
Interest Rate
7.76%
Mortgage Type
FHA
Estimated Equity
$408,516
Purchase Details
Closed on
Dec 10, 1999
Sold by
Leonard Carol
Bought by
Alvarez Peter
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $38,000 | -- | |
| Deed | $140,000 | -- | |
| Deed | $38,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $138,855 | FHA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/01/2025 11/01/25 | Under Contract | -- | -- | -- |
| 10/31/2025 10/31/25 | For Rent | $2,750 | +37.5% | -- |
| 10/31/2025 10/31/25 | For Rent | $2,000 | 0.0% | -- |
| 10/17/2025 10/17/25 | Sold | $483,000 | -3.4% | $863 / Sq Ft |
| 08/07/2025 08/07/25 | Pending | -- | -- | -- |
| 07/17/2025 07/17/25 | Price Changed | $500,000 | -3.7% | $893 / Sq Ft |
| 06/20/2025 06/20/25 | Price Changed | $519,000 | -5.6% | $927 / Sq Ft |
| 05/04/2025 05/04/25 | For Sale | $550,000 | -- | $982 / 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 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
Jaimie Hoffman
-
Christine Lundberg
C
Seller's Agent in 2025
Christine Lundberg
C21/ Action Plus Realty
(732) 766-2203
1 in this area
72 Total Sales
-
Desiree Rava
D
Buyer's Agent in 2025
Desiree Rava
Keller Williams Realty Ocean Living
(848) 241-6955
1 in this area
1 Total Sale
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22513016
APN: 32-00350-0000-00007
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Information is deemed reliable but not guaranteed.
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