NOT LISTED FOR SALE

404 4th Ave Asbury Park, NJ 07712

Estimated Value: $1,144,000 - $1,214,000

-- Bed
-- Bath
-- Sq Ft
7,492 Sq Ft Lot

Last Sold September 01, 2016

Last sale price $550,000

Est. 114% increase in value since last sale

Current estimated payment $7,375/month

8 Days on Market

About This Home

As of September 2016

Great condition! 6 family with new 5 year green card issued today 4/4/16. Just 4 blocks from famous Asbury boardwalk. 5 1-bedroom and 1 newly updated 3-bedroom unit with new electric, insulation and sheetrock. Separate driveway. Front house has 3 units where tenants pay heat, hot water and gas. Back house has another 3 units where owner pays heat, hot water and gas. Positive cash flow!!!

Last Agent to Sell the Property

Astrid Ledesma

Weichert Realtors-Ocean Listed on: 04/04/2016

Last Buyer's Agent

Astrid Ledesma

Weichert Realtors-Holmdel License #0563595

Weichert Realtors-Holmdel

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,505

Lot Details

  • 7,492

Parking

  • No Garage

Home Design

  • Shingle Roof

Basement

  • Basement Fills Entire Space Under The House
  • Dirt Floor

Schools

  • Thurgood Mar Elementary School
  • Asbury Park Middle School
  • Asbury Park High School

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • 2-Story Property
  • Lot Dimensions are 50 x 150

Listing and Financial Details

  • Tenant pays for hot water, heat, gas
  • The owner pays for yard maintenance, snow removal
  • Assessor Parcel Number 04-03402-0000-00006

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $240
  • Fuel Expense $1,512
  • Insurance Expense $5,200
  • Maintenance Expense $900
  • Water Sewer Expense $5,382
  • Gross Income $69,000
  • Net Operating Income $39,782

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,505

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • Income And Expenses Maintenance Expense: 900.0
  • Subdivision Name: None
  • New Construction: No
  • Contract Info New Construction: No
  • 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 150
  • Location Middle School: Asbury Park
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Garage None4: Yes
  • Income Expenses Electric Expense: 240.0
  • Income Expenses Insurance Expense: 5200.0
  • Income Expenses WaterSewer Expense: 5382.0
  • Income Expenses Gross Income2: 69000.0
  • Income Expenses Net Income: 39782.0
  • Income Expenses Gas Expense: 1512.0
  • Special Features: None

Interior Features

  • Basement: Dirt Floor, Full
  • Basement: Yes
  • Stories: 2
  • Full Basement: Yes
  • Basement:Dirt Floor: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: None
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Heating: HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Fee Information

  • Annual Water Sewer Expense: 5382.0

Schools

  • Middle Or Junior School: Asbury Park

Lot Info

  • Lot Dimensions: 50 x 150
  • Parcel #: 04-03402-0000-00006

Rental Info

  • Tenant Pays: Hot Water, Heat, Gas
  • Owner Pays: Yard Maintenance, Snow Removal

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 12505.0
  • Tax Other Annual Assessment Amount: 564800.0

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 240.0
  • Annual Gross Income: 69000.0
  • Insurance Expense: 5200.0

MLS Schools

  • Elementary School: Thurgood Mar
  • High School: Asbury Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2021
Sold by
Gray Bean Llc
Bought by
404 Gray Beans Llc
Current Estimated Value
$1,177,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
3.1%
Mortgage Type
Stand Alone First

Purchase Details

Listed on
Apr 4, 2016
Closed on
Sep 1, 2016
Sold by
Hollingsworth Scott
Bought by
Gray Bean Llc
Seller's Agent
Astrid Ledesma
Weichert Realtors-Ocean
Buyer's Agent
Astrid Ledesma
Weichert Realtors-Holmdel
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.70%

Purchase Details

Closed on
Nov 14, 2011
Sold by
Riverview Holdings Llc
Bought by
Hollingsworth Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
4.09%
Mortgage Type
Commercial
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
404 Gray Beans Llc -- Mega Title Llc
404 Gray Bean Llc -- Mega Title
Gray Bean Llc $550,000 Chicago Title Insurance
Hollingsworth Scott $405,000 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 404 Gray Bean Llc $900,000
Previous Owner Hollingsworth Scott $283,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2016 09/01/16 Sold $550,000 -- --
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 $13,605 $1,227,800 $804,400 $423,400
2024 $12,762 $860,000 $373,700 $486,300
2023 $12,762 $825,500 $366,700 $458,800
2022 $11,030 $712,100 $305,600 $406,500
2021 $11,137 $698,100 $277,800 $420,300
2020 $11,137 $707,100 $277,800 $429,300
2019 $10,418 $631,400 $264,600 $366,800
2018 $10,519 $590,300 $240,600 $349,700
2017 $11,172 $537,100 $208,500 $328,600
2016 $11,037 $514,800 $208,500 $306,300
2015 $12,505 $564,800 $258,500 $306,300
2014 $12,051 $556,100 $283,500 $272,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Astrid Ledesma

    Weichert Realtors-Ocean

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21612873

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-03402-0000-00006

New Jersey Monmouth County Asbury Park 07712

404 4th Ave, Asbury Park, NJ

This home is located at 404 4th Ave, Asbury Park, NJ 07712 since 04 April 2016 and is currently estimated at $1,177,060. 404 4th Ave is a home located in Monmouth County with nearby schools including Asbury Park High School, Hope Academy Charter School, and Our Lady of Mount Carmel 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