NOT LISTED FOR SALE

502 7th Ave Asbury Park, NJ 07712

Estimated Value: $1,582,000 - $1,973,000

6 Beds
3.5 Baths
3,100 Sq Ft
$563/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $805,000 $260 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $10,889/month

124 Days on Market

Highlights

  • Deck
  • Stained Glass
  • Patio
  • Wood Flooring
  • Air Conditioning
  • Recessed Lighting

About This Home

As of September 2018

( This is a 2 Family Home ) One of kind multi-family located in desirable Asbury Park with just a few short blocks to the Ocean! Sprawling Victorian home with endless amounts of ornate details and original charm throughout! Your first impression is the whimsical over sized front porch with hanging lanterns. Enter in through your solid wood front door to a majestic foyer dressed with a massive wood staircase, stained glass and an elephant door knocker. This home Features 2 units plus a walk up storage attic. Each unit having 2 bedrooms, fully equipped kitchens, family room and full bathrooms. in the downstairs unit is tastefully updated from granite counter tops to distressed kitchen cabinets subway tile back splash and all stainless steel appliances. Vaulted dinning nook with wood bead bored ceilings gives this home even more character. Original walnut color hardwood flooring encompasses the downstairs unit. Grand windows allows for plenty of natural sunlight! French doors leading out to your extended backyard and paver walkway! Second unit has 2 bedrooms, family room and a full bathroom with a claw foot tub. This unit also has separate electric meter. .

Last Agent to Sell the Property

Carissa Turner

RE/MAX at Barnegat Bay License #0897942 Listed on: 04/16/2018

RE/MAX at Barnegat Bay

Last Buyer's Agent

Johna Karpinski

Gloria Nilson & Co. Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,553

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 50 x 150
  • Fenced

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 3,100 Sq Ft Home
  • 3-Story Property
  • Recessed Lighting
  • Stained Glass
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for water, sewer, gas, electricity
  • Assessor Parcel Number 04-03601-0000-00007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,553

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Fenced Area
  • Subdivision Name: None
  • Reso Flooring: Wood, Laminate, Ceramic Tile
  • Reso Interior Features: Recessed Lighting
  • Year Built: 1900
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Lot Description Fenced Area: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • General Property Info Handicap Access: No
  • Interior Recessed Lighting: Yes
  • Garage None4: Yes
  • ExteriorDeck: Yes
  • Cooling Multi Units: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Floors Laminate2: Yes
  • Exterior Stained Glass: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 AC Unit3: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exterior Features: Deck, Fence, Patio, Stained Glass, Lighting

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, Off Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 50 x 150
  • Parcel #: 04-03601-0000-00007
  • Zoning Description: Residential, Multi-Family

Rental Info

  • Tenant Pays: Water, Sewer, Gas, Electricity

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 12553.0
  • Tax Other Annual Assessment Amount: 603500.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2024
Sold by
Greco Christopher
Bought by
Choi Ann Mia
Current Estimated Value
$1,746,280

Purchase Details

Listed on
Apr 16, 2018
Closed on
Sep 19, 2018
Sold by
Riff Baptiste and Urbealis Jessica
Bought by
Choi Ann Mia and Greco Christopher
Seller's Agent
Carissa Turner
RE/MAX at Barnegat Bay
Buyer's Agent
Johna Karpinski
Gloria Nilson & Co. Real Estate
Sold Price
$805,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.52%

Purchase Details

Listed on
May 2, 2015
Closed on
Sep 3, 2015
Sold by
Tripodi Vincent and Tripodi Alycia
Bought by
Riff Baptiste and Urbealis Jessica
Seller's Agent
Margaret Penta
Gloria Nilson & Co. Real Estate
Buyer's Agent
Carissa Turner
RE/MAX at Barnegat Bay
Sold Price
$560,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.64%
Original Mortgage
$549,857
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 27, 2011
Sold by
The Coonrod Family Trust and Coonrod Roger A
Bought by
Tripodi Vincent and Tripodi Alycia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2004
Sold by
Coonrod Roger A
Bought by
Coonrod Family Trust and Roger A Coonrod
Source: Public Records

Range of Values:

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Average Value
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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
Choi Ann Mia -- None Listed On Document
Choi Ann Mia $805,000 Commonwealth Title Monmouth
Riff Baptiste $560,000 Acres Land Title Agency Inc
Tripodi Vincent $421,250 Old Republic National Title
Coonrod Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Riff Baptiste $549,857
Previous Owner Tripodi Vincent $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/21/2018 09/21/18 Sold $805,000 +43.8% $260 / Sq Ft
09/04/2015 09/04/15 Sold $560,000 0.0% $181 / Sq Ft View Prior Sale
05/15/2013 05/15/13 Rented $16,200 -- --
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 $20,985 $1,379,400 $742,600 $636,800
2024 $19,025 $1,326,500 $674,400 $652,100
2023 $19,025 $1,230,600 $538,600 $692,000
2022 $15,475 $1,077,700 $448,800 $628,900
2021 $13,248 $979,400 $408,000 $571,400
2020 $13,959 $886,300 $386,000 $500,300
2019 $13,248 $802,900 $367,600 $435,300
2018 $13,335 $748,300 $326,400 $421,900
2017 $12,553 $603,500 $288,500 $315,000
2016 $11,142 $519,700 $293,500 $226,200
2015 $11,156 $503,900 $283,500 $220,400
2014 $10,930 $504,400 $358,500 $145,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21814220

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-03601-0000-00007