NOT LISTED FOR SALE

517 Prospect Ave Asbury Park, NJ 07712

Estimated Value: $485,000 - $590,000

4 Beds
2 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold April 13, 2022

Last sale price $375,000

Est. 37% increase in value since last sale

Current estimated payment $3,210/month

10 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Storm Doors
  • Thermal Windows
  • Baseboard Heating
  • 1-Story Property

About This Home

As of April 2022

ATTENTION INVESTORS. Come check out this well maintained two family in the up and coming SW section of Asbury and Springwood Ave redevelopment. First floor apt. consists of 2 bedrooms, a small office and full bath. Both kitchen and bath are relatively updated. The second level apt consists of 2 bedrooms and an updated kitchen and bath. Electric and roof have been updated. Gas and electric are separated. Fenced private yard. Apt 1 pays $1750 plus gas and electric rent and upstairs pays $1350 plus gas and electric. Leases expire at the end of the year. Great investment return. Com check it out.

Last Agent to Sell the Property

Robert Roccia

RE/MAX Gateway License #0230927 Listed on: 11/09/2021

Co-Listed By

Wendy Smith

RE/MAX Gateway License #9701583

Last Buyer's Agent

Kimberly Newsome

Resources Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,245

Year Built

  • Built in 1930

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 125

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Asphalt Rolled Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Thermal Windows
  • Basement
  • Dirt Floor
  • Storm Doors

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Furnace
  • Baseboard Heating
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 22 Units

Listing and Financial Details

  • Exclusions: Tenant's personal belongings
  • Tenant pays for hot water, heat, gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 04-01301-0000-00012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,245

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Co List Office Mls Id: 3357
  • Co List Office Phone: 732-695-1600
  • Subdivision Name: None
  • Reso Flooring: Wood, Linoleum
  • Year Built: 1930
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 125
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Exterior Thermal Window: Yes
  • Exterior Storm Door(s): Yes
  • Roof Timberline: Yes
  • Floors Linoleum: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 1 Furnace: Yes
  • Special Features: None

Interior Features

  • Basement: Dirt Floor
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 1
  • Basement:Dirt Floor: Yes

Exterior Features

  • Roof: Timberline
  • Acres: 0.14
  • Waterfront: No
  • Exclusions: Tenant's personal belongings
  • Exterior Features: Storm Door(s), Thermal Window
  • Construction:Siding - Vinyl: Yes

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Dimensions: 50 x 125
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-01301-0000-00012
  • Zoning Description: Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Heat, Gas, Electricity
  • Owner Pays: Water, Sewer

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4245.0
  • Tax Other Annual Assessment Amount: 268700.0

Multi Family

  • Number Of Units Total: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2021
Closed on
Mar 11, 2022
Sold by
Samusideen Odunsi
Bought by
Luxe For Life Llc
Seller's Agent
Robert Roccia
RE/MAX Gateway
Buyer's Agent
Kimberly Newsome
Resources Real Estate
List Price
$339,000
Sold Price
$375,000
Premium/Discount to List
$36,000
10.62%
Current Estimated Value
$515,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,141
Avg. Annual Appreciation
9.96%
Original Mortgage
$300,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2000
Sold by
Assoc Home Equity
Bought by
Odunsi Samusideen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,450
Interest Rate
8.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 1998
Sold by
517 Prospect Avenue
Bought by
Bryant Crystal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
6.89%
Mortgage Type
Commercial
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
Luxe For Life Llc $375,000 First American Title
Odunsi Samusideen $56,000 --
Bryant Crystal $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luxe For Life Llc $300,000
Previous Owner Odunsi Samusideen $50,450
Previous Owner Bryant Crystal $76,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2022 04/13/22 Sold $375,000 +10.6% --
03/23/2022 03/23/22 For Sale $339,000 0.0% --
11/20/2021 11/20/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $339,000 -- --
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 $5,708 $400,600 $131,800 $268,800
2023 $5,708 $369,200 $89,700 $279,500
2022 $4,245 $313,800 $59,800 $254,000
2021 $4,245 $268,700 $58,000 $210,700
2020 $3,638 $231,000 $55,900 $175,100
2019 $3,226 $195,500 $53,300 $142,200
2018 $3,006 $168,700 $50,300 $118,400
2017 $2,856 $137,300 $47,800 $89,500
2016 $2,755 $128,500 $45,800 $82,700
2015 $2,725 $123,100 $42,500 $80,600
2014 $2,533 $116,900 $37,500 $79,400
Source: Public Records

Agents Affiliated with this Home

  • Robert Roccia

    Seller's Agent in 2022

    Robert Roccia

    RE/MAX

    (732) 890-0598

    12 in this area

    28 Total Sales

    Robert Roccia
    Section Image
  • Wendy Smith

    Seller Co-Listing Agent in 2022

    Wendy Smith

    RE/MAX

    (908) 216-6880

    7 in this area

    70 Total Sales

    Wendy Smith
    Section Image

  • K

    Buyer's Agent in 2022

    Kimberly Newsome

    Resources Real Estate

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22136302

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-01301-0000-00012

New Jersey Monmouth County Asbury Park 07712

517 Prospect Ave, Asbury Park, NJ

This home is located at 517 Prospect Ave, Asbury Park, NJ 07712 since 09 November 2021 and is currently estimated at $515,141. This property was built in 1930. 517 Prospect Ave 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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