NOT LISTED FOR SALE

534 Prospect Ave Asbury Park, NJ 07712

Estimated Value: $388,797

1 Bed
1.5 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold October 24, 2022

Last sale price $325,000

Est. 20% increase in value since last sale

Current estimated payment $2,483/month

115 Days on Market

Highlights

  • No HOA
  • Double-Wide Driveway
  • Oversized Parking
  • Cottage
  • 2 Car Detached Garage
  • Fenced

About This Home

As of October 2022

Small house + Huge garage! Two buildings on one lot consisting of a very small, one story home fronting Prospect Street. The home is gutted to the studs with no utilities currently connected. Behind the house is a large concrete block garage fronting on Church Street. The rear building has water, gas and electric. Two overhead doors are 8' high and ceilings are approximately 10' high. The rear building is grandfathered in as a HVAC business. No other business use is allowed by zoning unless a variance is obtained by going before the zoning board. This property is zoned SINGLE FAMILY. Survey is attached to the photos.

Last Agent to Sell the Property

Kenneth Rickel

Space & Company License #0893268 Listed on: 09/22/2022

Last Buyer's Agent

Janet Manni

RE/MAX Gateway License #9236673

RE/MAX Gateway

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,467

Year Built

  • Built in 1930

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 46 x 150
  • Fenced

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Double-Wide Driveway
  • Off-Street Parking

Home Design

  • Cottage

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom

Utilities

  • No Cooling
  • No Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 04-01605-0000-00019

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,467

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inclusions: None
  • Subdivision Name: None
  • Architectural Style: Detached, Cottage/Bungalow
  • Year Built: 1930
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.16
  • General Property Info Lot Dimensions: 46 x 150
  • ExteriorFence: Yes
  • WaterSewer Public Water: Yes
  • Parking Double Wide Drive: Yes
  • General Property Info Handicap Access: No
  • Cooling None12: Yes
  • Garage Oversized: Yes
  • Style CottageBungalow: Yes
  • General Property Info # UnitsBldgs: 2.0
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Stories: 1
  • Basement:None2: Yes

Exterior Features

  • Roof: Other - See Remarks
  • Acres: 0.16
  • Waterfront: No
  • Exterior Features: Fence

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Double Wide Drive, Driveway, Off Street, Oversized
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Driveway: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Cooling Y N: No
  • Water Source: Public
  • Heating:None3: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 46 x 150
  • Lot Size Sq Ft: 6969.6
  • Parcel #: 04-01605-0000-00019
  • Zoning Description: Single Family

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3467.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2022
Closed on
Oct 24, 2022
Sold by
Marion-Sc Properties Llc
Bought by
Obrien Sean and Obrien Elaine
Seller's Agent
Kenneth Rickel
Space & Company
Buyer's Agent
Janet Manni
RE/MAX Gateway
List Price
$349,000
Sold Price
$325,000
Premium/Discount to List
-$24,000
-6.88%
Views
6
Current Estimated Value
$388,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,797
Avg. Annual Appreciation
6.42%

Purchase Details

Closed on
Aug 27, 2021
Sold by
Blatt Jonathan
Bought by
Mnarion Sc Properties Llc

Purchase Details

Closed on
May 29, 2008
Sold by
Bellizzi Elena
Bought by
Blatt Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2006
Sold by
Stamos Jaime Alexis
Bought by
Maher Mark P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.6%
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
Obrien Sean $325,000 Fidelity National Title
Obrien Sean $325,000 Fidelity National Title
Mnarion Sc Properties Llc $265,000 Allahead Title Agency
Blatt Jonathan $125,000 Chicago Title Insurance Co
Maher Mark P $355,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blatt Jonathan $112,500
Previous Owner Maher Mark P $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2022 10/24/22 Sold $325,000 -6.9% --
10/03/2022 10/03/22 Pending -- -- --
06/09/2022 06/09/22 For Sale $349,000 -- --
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 $4,566 $304,500 $69,300 $235,200
2024 $4,252 $288,600 $66,100 $222,500
2023 $4,252 $275,000 $62,700 $212,300
2022 $3,467 $229,200 $52,200 $177,000
2021 $3,467 $219,400 $47,500 $171,900
2020 $3,545 $225,100 $47,500 $177,600
2019 $3,567 $216,200 $45,300 $170,900
2018 $3,614 $202,800 $41,100 $161,700
2017 $3,628 $174,400 $35,800 $138,600
2016 $3,102 $144,700 $35,800 $108,900
2015 $3,193 $144,200 $35,800 $108,400
2014 $3,114 $143,700 $35,800 $107,900
Source: Public Records

Agents Affiliated with this Home

  • Kenneth Rickel

    Seller's Agent in 2022

    Kenneth Rickel

    Space & Company

    (732) 245-4833

    71 in this area

    102 Total Sales

    Kenneth Rickel
    Section Image

  • J

    Buyer's Agent in 2022

    Janet Manni

    RE/MAX

    (732) 208-6399

    3 in this area

    41 Total Sales

    Janet Manni
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22217773

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-01605-0000-00019

New Jersey Monmouth County Asbury Park 07712

534 Prospect Ave, Asbury Park, NJ

This home is located at 534 Prospect Ave, Asbury Park, NJ 07712 since 22 September 2022 and is currently estimated at $388,797. This property was built in 1930. 534 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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