NOT LISTED FOR SALE

508 Monroe Ave Unit 301 Asbury Park, NJ 07712

Estimated Value: $624,000 - $671,000

-- Bed
1 Bath
-- Sq Ft
$290/mo HOA Fee

Last Sold May 07, 2018

Last sale price $340,000

Est. 90% increase in value since last sale

Current estimated payment $4,404/month

36 Days on Market

Highlights

  • Fitness Center
  • Granite Countertops
  • Recessed Lighting
  • Wood Flooring
  • Balcony
  • 3-minute walk to Kennedy Park

About This Home

As of May 2018

Don't miss this sun-lit studio just a short distance from the beach. The perfect weekend get-away, summer residence or year-round condo. 10' ceilings, hardwood floors, upgraded kitchen with 42'' cabinets, granite counters, center island, and a 35' long outdoor balcony. Large In-unit washer/dryer and private locked storage room and exercise room in basement. Pet friendly building. Around the corner from popular downtown restaurants and bars!

Last Agent to Sell the Property

Wendy Smith

RE/MAX Gateway License #9701583 Listed on: 02/19/2018

RE/MAX Gateway

Last Buyer's Agent

Christopher Kavan

C21/ Coastal Realtors License #1756600

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,944

Year Built

  • Built in 2004

Lot Details

  • 784

HOA Fees

  • $290 Monthly HOA Fees

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1 Full Bathroom
  • 1-Story Property
  • Recessed Lighting
  • French Doors
  • Partial Basement

Kitchen

  • Gas Cooktop
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Balcony
  • Sprinkler System
  • Upper Level

Listing and Financial Details

  • Assessor Parcel Number 04-03208-0000-00004-05-C0301

Community Details

Overview

  • Front Yard Maintenance
  • Association fees include common area, exterior maint, lawn maintenance, mgmt fees, snow removal
  • Marilyn @ Mnroe Subdivision
  • On-Site Maintenance

Amenities

  • Common Area

Recreation

  • Fitness Center
  • Snow Removal

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,944

Year Built

Built in 2004

Lot Details

0

HOA Fees

$290 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Reso Association Amenities: Association, Exercise Room
  • Reso Association Fee Includes: Common Area, Exterior Maint, Lawn Maintenance, Mgmt Fees, Snow Removal
  • Inclusions: Washer, Dishwasher, Dryer, Microwave, Stove, Refrigerator, Garbage Disposal, Gas Cooking
  • Subdivision Name: Marilyn @ Mnroe
  • Architectural Style: One Level Unit, Upper Level
  • Reso Flooring: Ceramic Tile, Wood
  • Reso Interior Features: Balcony, French Doors, Recessed Lighting
  • Year Built: 2004
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Assigned Parking: No
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • Ownership Type Condominium: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • Exterior Balcony2: Yes
  • Common Elements Exercise Room: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Exterior Maint: Yes
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Balcony: Yes
  • Interior French Doors: Yes
  • Interior Recessed Lighting: Yes
  • Living Room French Doors2: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Exterior Sprinkler Under: Yes
  • Foyer Floor - Wood: Yes
  • Kitchen GraniteStone Counter: Yes
  • Kitchen Floor - Wood4: Yes
  • Included Garbage Disposal: Yes
  • Special Features: None

Interior Features

  • Basement: Partial, Other
  • Basement: Yes
  • Full Bathrooms: 1
  • Stories: 1
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • BasementOther: Yes
  • Basement:Partial: Yes
  • Primary Bedroom:Floor - Wood6: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: Personal Property
  • Exterior Features: Balcony, Sprinkler Under
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Fee: 290.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Fee Includes Lawn Maintenance: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes

Lot Info

  • Parcel #: 04-03208-0000-00004-05-C0301
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4944.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2018
Closed on
May 3, 2018
Sold by
Beougher Cara
Bought by
Khanna Vinod and Khanna Renuka
Seller's Agent
Wendy Smith
RE/MAX Gateway
Buyer's Agent
Christopher Kavan
C21/ Coastal Realtors
Sold Price
$340,000
Current Estimated Value
$647,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,345
Avg. Annual Appreciation
9.04%

Purchase Details

Closed on
Nov 23, 2016
Sold by
Potter Jean M and Loroesh Jill
Bought by
Beougher Cara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,750
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2016
Sold by
Potter Jean M
Bought by
Potter Jean M and Loroesh Jill

Purchase Details

Closed on
Jan 27, 2005
Sold by
508 Monroe Avenue Llc
Bought by
Potter Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Khanna Vinod $340,000 Trident Abstract Title Agenc
Beougher Cara $330,000 Coastal Title Agency Inc
Potter Jean M -- None Available
Potter Jean M $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beougher Cara $308,750
Previous Owner Potter Jean M $188,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2018 05/07/18 Sold $340,000 -- --
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 $8,176 $553,000 $165,900 $387,100
2024 $7,263 $516,800 $155,000 $361,800
2023 $7,263 $469,800 $140,900 $328,900
2022 $5,970 $435,000 $130,500 $304,500
2021 $5,970 $378,300 $113,500 $264,800
2020 $5,783 $367,200 $110,200 $257,000
2019 $5,501 $333,400 $100,000 $233,400
2018 $5,745 $322,400 $96,700 $225,700
2017 $4,944 $237,700 $71,300 $166,400
2016 $4,948 $230,800 $69,200 $161,600
2015 $4,962 $224,100 $74,000 $150,100
2014 $4,501 $207,700 $68,500 $139,200
Source: Public Records

Agents Affiliated with this Home

  • Wendy Smith

    Seller's Agent in 2018

    Wendy Smith

    RE/MAX

    (908) 216-6880

    7 in this area

    68 Total Sales

    Wendy Smith
    Section Image

  • C

    Buyer's Agent in 2018

    Christopher Kavan

    C21/ Coastal Realtors

    (732) 539-3051

    3 in this area

    22 Total Sales

    Christopher Kavan
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21806197

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-03208-0000-00004-05-C0301

New Jersey Monmouth County Asbury Park 07712

508 Monroe Ave Unit 301, Asbury Park, NJ

This home is located at 508 Monroe Ave Unit 301, Asbury Park, NJ 07712 since 19 February 2018 and is currently estimated at $647,345. This property was built in 2004. 508 Monroe Ave Unit 301 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.

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