NOT LISTED FOR SALE

510 2nd Ave Asbury Park, NJ 07712

Estimated Value: $1,732,000 - $1,999,459

8 Beds
4 Baths
-- Sq Ft
7,492 Sq Ft Lot

Last Sold April 15, 2016

Last sale price $600,000

Est. 205% increase in value since last sale

Current estimated payment $11,881/month

11 Days on Market

Highlights

  • Guest House
  • No HOA
  • Historic Home
  • Atrium Room
  • Porch
  • 2-minute walk to Library Square Park

About This Home

As of April 2016

THIS GRAND ASBURY PARK HOME COMES BACK TO THE MARKET WITH A DRASTICALLY REDUCED PRICE. It IS JUST WAITING FOR IT'S NEW OWNERS TO FINISH BRINGING IT BACK TO IT'S ORIGINAL SPLENDOR. THE CURRENT OWNERS HAVE DONE MUCH OF IT ALREADY BUT YOU WILL NEED TO BRING YOUR VISION TO FINISH THIS WELL DESERVING HOME. THE MAIN HOUSE OFFERS 8 BEDROOMS, 4 FULL BATHS, FORMAL ENTRY, FOYER, 2 STORY SOLARIUM, FIREPLACES, AND SO MUCH MORE. THE BACK HOUSE IS A 2 BEDROOM ONE BATH HOME WITH IT'S OWN OPEN PORCH, AND SEPARATE UTILITIES. THIS IS A MUST SEE FOR THE ASBURY LOVER!!!

Last Agent to Sell the Property

Alfredo Fresnedo

C21/ Coastal Realtors Listed on: 02/25/2016

Last Buyer's Agent

Dominic Barty-King

Heritage House Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,692

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 50 x 150
  • Historic Home

Parking

  • Driveway

Home Design

  • Asphalt Rolled Roof
  • Cedar Shake Siding
  • Clap Board Siding
  • Shake Siding
  • Clapboard

Interior Spaces

  • 3-Story Property
  • Gas Fireplace
  • Atrium Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Schools

  • Asbury Park Middle School

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Porch
  • Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 04-03301-0000-00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,692

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subdivision Name: None
  • Architectural Style: Historic
  • Reso Interior Features: Atrium
  • Reso Other Structures: Guest House
  • Year Built: 1920
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • Location Middle School: Asbury Park
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Exterior Porch - Open: Yes
  • Roof Timberline: Yes
  • Interior Atrium: Yes
  • Siding Clapboard: Yes
  • SidingCedarShake: Yes
  • Out Buildings Guest House: Yes
  • Foyer Fireplace - Gas: Yes
  • Style Historic: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Roof: Timberline
  • Waterfront: No
  • Construction Type: Shake Siding, Clapboard
  • Exterior Features: Porch - Open

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Driveway
  • General Property Info:Garage: No
  • Parking Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Radiator
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Asbury Park

Lot Info

  • Lot Dimensions: 50 x 150
  • Parcel #: 04-03301-0000-00003

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 12692.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2016
Closed on
Apr 15, 2016
Sold by
Azzolini Michael A
Bought by
Berman Matthew D and Mumma James M
Seller's Agent
Alfredo Fresnedo
C21/ Coastal Realtors
Buyer's Agent
Dominic Barty-King
Heritage House Sotheby's International Realty
Sold Price
$600,000
Current Estimated Value
$1,831,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,231,157
Avg. Annual Appreciation
12.74%

Purchase Details

Closed on
Feb 21, 2001
Sold by
Chestnut Gardens Inc
Bought by
Azzolini Michael and Mauro Azzolini

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,900
Interest Rate
6.89%
Mortgage Type
FHA
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
Berman Matthew D $600,000 Fidelity National Title
Azzolini Michael $285,140 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berman Matthew D $399,000
Closed Berman Mathew D $480,000
Previous Owner Azzolini Michael A $288,284
Previous Owner Azzolini Michael A $175,000
Previous Owner Azzolini Michael $325,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2016 04/15/16 Sold $600,000 -- --
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
2024 $22,834 $1,670,300 $609,400 $1,060,900
2023 $22,834 $1,477,000 $360,700 $1,116,300
2022 $18,879 $1,315,000 $300,500 $1,014,500
2021 $18,879 $1,194,900 $273,200 $921,700
2020 $17,668 $1,121,800 $260,000 $861,800
2019 $16,941 $1,026,700 $247,600 $779,100
2018 $16,049 $900,600 $226,400 $674,200
2017 $12,226 $587,800 $193,500 $394,300
2016 $12,626 $588,900 $178,500 $410,400
2015 $12,693 $573,300 $173,500 $399,800
2014 $10,798 $498,300 $233,500 $264,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21541146

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-03301-0000-00003