$1,063,796 - $1,249,000
RENTED DEC 15, 2024

406 2nd Ave Asbury Park, NJ 07712

4 Beds
2.5 Baths
1,300 Sq Ft
$892 Price per Sq Ft

Last Sold September 03, 2020

Last sale price $775,000 $596 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $7,395/month

Highlights

  • Colonial Architecture
  • Furnished
  • Heating Available
  • Wood Flooring
  • Multiple cooling system units
  • 3-minute walk to Library Square Park

About This Home

As of December 2024

Furnished Winter Rental! Perfect location! Newly renovated modern home just 2 blocks to beach and a few blocks to downtown AP restaurants, retail, and transit. This charming home with rocking chair front porch and private backyard features 4 large bedrooms including 3rd level master suite w/full bath-luxury vinyl tile flooring, refinished/bleached hardwood floors. All new bathrooms (2.5) including a double vanity on the 2nd floor, kitchen w/quartz countertops, new appliances, stainless farmhouse sink, custom wood feature wall, hood vent, large island w/seating.No smoking. Owner pays gas and water. Tenant responsible for electric. Pet considered. Available December - Mid May

Last Agent to Rent the Property

Erin Farrell

O'Brien Realty, LLC License #1643852 Listed on: 11/22/2024

O'Brien Realty, LLC

Last Renter's Agent

Erin Farrell

O'Brien Realty, LLC License #1643852 Listed on: 11/22/2024

O'Brien Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,934

Year Built

  • Built in 1925

Lot Details

  • 2,614 Sq Ft Lot

Home Design

  • Colonial Architecture

Interior Spaces

  • 1,300 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Basement

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • No Garage
  • Driveway
  • On-Street Parking

Utilities

  • Multiple cooling system units
  • Heating Available
  • Natural Gas Water Heater

Listing and Financial Details

  • Ask Agent About Lease Term
  • Short Term Lease
  • Assessor Parcel Number 04-03302-0000-00006

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,934

Year Built

Built in 1925

Lot Details

0

Rental Info

  • Furnished: Furnished

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Subdivision Name: None
  • Architectural Style: Colonial
  • Reso Flooring: Vinyl, Wood
  • Year Built: 1925
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.06
  • WaterSewer Public Water: Yes
  • Floors Vinyl3: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Garage None4: Yes
  • Lease Requirements Security Deposit4: Yes
  • Cooling Multi Units: Yes
  • Furnished Full2: Yes
  • Lease Terms Short Term: Yes
  • Lease Terms Winter: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Stories: 3
  • Stories: 3
  • BasementOther: Yes

Exterior Features

  • Acres: 0.06
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Driveway, On Street, None
  • General Property Info:Garage: No
  • Parking Driveway: Yes
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: See Remarks, Other
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 2613.6
  • Parcel #: 04-03302-0000-00006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2020
Closed on
Sep 2, 2020
Sold by
Open Concept Homes Llc
Bought by
Mcmahon Suzanne and Mcmahon Mara M
Seller's Agent
Kathleen Zack
Compass New Jersey , LLC
Buyer's Agent
Kimberley Haley
Coldwell Banker Realty
List Price
$799,000
Sold Price
$775,000
Premium/Discount to List
-$24,000
-3%
Current Estimated Value
$1,159,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$384,949
Avg. Annual Appreciation
8.21%
Original Mortgage
$661,187
Outstanding Balance
$586,760
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$573,189

Purchase Details

Listed on
Aug 31, 2019
Closed on
Nov 15, 2019
Sold by
Knight Barbara Ann and Cosby Kelly H
Bought by
Open Concept Homes Llc
Seller's Agent
Linda Harris
EXIT Realty East Coast Shirvanian
Buyer's Agent
Linda Harris
EXIT Realty East Coast Shirvanian
Sold Price
$371,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
151.14%
Original Mortgage
$436,900
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 28, 2004
Sold by
Dozier Brenda
Bought by
Knight Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
5.8%
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
Mcmahon Suzanne $775,000 Trident Abstract Title
Mcmahon Suzanne $775,000 Trident Abstract Title
Open Concept Homes Llc $371,000 Chicago Title Insurance Co
Knight Barbara $73,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcmahon Suzanne $661,187
Closed Mcmahon Suzanne $661,187
Previous Owner Open Concept Homes Llc $436,900
Previous Owner Knight Barbara $79,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2024 12/15/24 Rented $15,000 +328.6% --
12/06/2024 12/06/24 Under Contract -- -- --
11/22/2024 11/22/24 For Rent $3,500 0.0% --
09/03/2020 09/03/20 Sold $775,000 -3.0% $598 / Sq Ft View Prior Sale
07/27/2020 07/27/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $799,000 +115.4% $617 / Sq Ft
11/15/2019 11/15/19 Sold $371,000 -- $286 / 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 $14,934 $1,026,700 $649,700 $377,000
2024 $12,775 $944,000 $564,400 $379,600
2023 $12,775 $826,300 $417,600 $408,700
2022 $10,330 $719,400 $348,000 $371,400
2021 $10,330 $653,900 $316,400 $337,500
2020 $6,256 $397,200 $298,000 $99,200
2019 $7,121 $431,600 $283,800 $147,800
2018 $6,891 $386,700 $255,700 $131,000
2017 $6,173 $296,800 $189,300 $107,500
2016 $6,183 $288,400 $184,300 $104,100
2015 $5,967 $280,800 $179,300 $101,500
2014 $6,175 $296,500 $229,300 $67,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22433539

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-03302-0000-00006