NOT LISTED FOR SALE

501 3rd Ave Asbury Park, NJ 07712

Estimated Value: $1,013,814 - $1,237,000

6 Beds
2 Baths
1,889 Sq Ft
$586/Sq Ft Est. Value

Last Sold October 25, 2021

Last sale price $740,000 $392 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $7,104/month

10 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • No HOA
  • Deck
  • Victorian Architecture
  • 4-minute walk to Library Square Park

About This Home

As of October 2021

NO MORE SHOWINGS AT OWNER'S REQUEST. The lowest priced home east of Main. Check out this early 1900's home w/ southern exposure only 4 blocks to the beach. Features incl. large rooms w/ hardwood & laminate floors, intricate architectural details, galley kitchen w/ceramic tile & back staircase, laundry room, large open living room, full bath or ensuite on first floor & 5 bedrooms & full bath on 2nd & 3rd floors, open front porch & rear deck & nice size yard. New roof, electric and recently rebuilt front porch. Note: Property has a driveway that belongs to home on Grand and 3rd. Owner of 501 3rd has had permission to use driveway to park on his lit at rear of house but there is no easement agreement.

Last Agent to Sell the Property

Robert Roccia

RE/MAX Gateway License #0230927 Listed on: 09/09/2021

Last Buyer's Agent

Mary Winkler

Oliver Brothers

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,612

Year Built

  • Built in 1920

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 40 x 100
  • Fenced

Parking

  • On-Street Parking

Home Design

  • Victorian Architecture
  • Shingle Roof
  • Asphalt Rolled Roof
  • Vinyl Siding
  • Stucco Exterior

Interior Spaces

  • 1,889 Sq Ft Home
  • 3-Story Property
  • Crown Molding
  • Ceiling height of 9 feet on the main level
  • Ceiling Fan
  • Light Fixtures
  • Thermal Windows
  • Insulated Windows
  • Blinds
  • Bay Window
  • Window Screens
  • Entrance Foyer
  • Living Room
  • Bay Views
  • Walkup Attic
  • Storm Doors

Kitchen

  • Gas Cooktop
  • Stove
  • Range Hood
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary bedroom located on second floor
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Hatchway

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • Air Conditioning
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: OWNER'S PERSONAL BELONGINGS
  • Assessor Parcel Number 04-03401-0000-00012

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,612

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Fenced Area
  • Reso Association Amenities: Other - See Remarks
  • Inclusions: AC Units, Washer, Window Treatments, Timer Thermostat, Blinds/Shades, Ceiling Fan(s), Dishwasher, Dryer, Light Fixtures, Stove, Stove Hood, Refrigerator, Screens, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Victorian
  • Reso Flooring: Laminate, Tile, Wood
  • Reso Interior Features: Attic - Walk Up, Bay/Bow Window, Ceilings - 9Ft+ 1st Flr, Dec Molding
  • ResoWindowFeatures: Insulated Windows
  • Year Built: 1920
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Acreage: 0.09
  • General Property Info Lot Dimensions: 40 x 100
  • General Property Info Farm: No
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Rooms Laundry: Yes
  • Rooms Living Room: Yes
  • Lot Description Fenced Area: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Interior Dec Molding: Yes
  • Foyer Two Story: Yes
  • Exterior Porch - Open: Yes
  • Included BlindsShades: Yes
  • Included Light Fixtures: Yes
  • Included Stove Hood: Yes
  • Exterior Thermal Window: Yes
  • Number Appliances Included A C Units: Yes
  • Included Ceiling Fan(s): Yes
  • Included Screens: Yes
  • Included Timer Thermostat: Yes
  • Included Window Treatments: Yes
  • Kitchen Floor - Ceramic4: Yes
  • Exterior Storm Door(s): Yes
  • Interior BayBow Window: Yes
  • Foyer Floor - Wood: Yes
  • Dining Room Dec Molding4: Yes
  • ExteriorDeck: Yes
  • Roof Timberline: Yes
  • Living Room Dec Molding3: Yes
  • Floors Laminate: Yes
  • Floors Tile: Yes
  • Interior Attic - Walk Up: Yes
  • Living Room BayBow Window2: Yes
  • Dining Room BayBow Window3: Yes
  • Foyer Dec Molding2: Yes
  • SidingStucco: Yes
  • Special Features: None

Interior Features

  • Basement: Bilco Style Doors, Full, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 3
  • Full Basement: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Basement:Walk-Out Access: Yes
  • Other Rooms:Foyer: Yes
  • Kitchen Pantry: Yes
  • Primary Bedroom Level:Second43: Yes

Exterior Features

  • Roof: Timberline, Shingle
  • Acres: 0.09
  • Waterfront: No
  • Exclusions: OWNER'S PERSONAL BELONGINGS
  • Exterior Features: Deck, Fence, Patio, Porch - Open, Storm Door(s), Thermal Window
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street
  • General Property Info:Garage: No
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 40 x 100
  • Lot Size Sq Ft: 3920.4
  • Parcel #: 04-03401-0000-00012
  • Zoning Description: Residential, Single Family, Neighborhood

Green Features

  • Energy Features Insulated Windows: Yes

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 10612.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2021
Closed on
Oct 20, 2021
Sold by
Petersen Ross W
Bought by
Macaraeg Rico J and Schnelle Steven
Seller's Agent
Robert Roccia
RE/MAX Gateway
Buyer's Agent
Mary Winkler
Oliver Brothers
List Price
$799,000
Sold Price
$740,000
Premium/Discount to List
-$59,000
-7.38%
Current Estimated Value
$1,106,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$366,704
Avg. Annual Appreciation
10.39%
Original Mortgage
$714,201
Outstanding Balance
$652,039
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$454,665

Purchase Details

Closed on
Mar 16, 2009
Sold by
Petersen Ross W and Petersen Rachel V
Bought by
Petersen Ross W

Purchase Details

Closed on
May 18, 2001
Sold by
Kavarakas Theodore
Bought by
Petersen Ross and Petersen Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,650
Interest Rate
7.05%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Macaraeg Rico J $751,790 Foundation Title Llc
Petersen Ross W -- None Available
Petersen Ross $71,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macaraeg Rico J $714,201
Previous Owner Petersen Ross $169,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2021 10/25/21 Sold $740,000 -5.1% $392 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
09/09/2021 09/09/21 Price Changed $780,000 -2.4% $413 / Sq Ft
09/04/2021 09/04/21 For Sale $799,000 -- $423 / Sq Ft
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 $15,257 $1,020,400 $610,600 $409,800
2024 $12,772 $964,400 $546,000 $418,400
2023 $12,772 $826,100 $390,300 $435,800
2022 $10,291 $710,900 $325,300 $385,600
2021 $10,291 $671,700 $295,700 $376,000
2020 $8,466 $537,500 $279,500 $258,000
2019 $7,938 $481,100 $266,200 $214,900
2018 $7,529 $422,500 $232,000 $190,500
2017 $7,037 $338,300 $182,000 $156,300
2016 $6,998 $326,400 $175,000 $151,400
2015 $6,919 $312,500 $165,000 $147,500
2014 $6,776 $312,700 $215,000 $97,700
Source: Public Records

Agents Affiliated with this Home

  • Robert Roccia

    Seller's Agent in 2021

    Robert Roccia

    RE/MAX

    (732) 890-0598

    13 in this area

    28 Total Sales

    Robert Roccia
    Section Image

  • M

    Buyer's Agent in 2021

    Mary Winkler

    Oliver Brothers

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22129048

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-03401-0000-00012

New Jersey Monmouth County Asbury Park 07712

501 3rd Ave, Asbury Park, NJ

Not Listed for Sale

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Information is deemed reliable but not guaranteed.

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