NOT LISTED FOR SALE

603 Lake Ave Unit PHA Asbury Park, NJ 07712

Estimated Value: $1,082,000 - $1,259,003

2 Beds
2 Baths
1,700 Sq Ft
$698/mo HOA Fee

Last Sold September 03, 2020

Last sale price $825,000 $485 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $8,362/month

59 Days on Market

Highlights

  • Lake Front
  • 4-minute walk to Asbury Park
  • Wood Flooring
  • Lake On Lot
  • New Kitchen
  • 3-minute walk to Kennedy Park

About This Home

As of September 2020

Beautiful penthouse condo on the lake offering private rooftop, over sized balcony, and a second kitchenette on the rooftop. This 2 bed 2 bath condo in a very private building with only 5 other units was newly built in 2016. Parking garage on the first floor, and all appliances and mechanicals only four years old. The location is perfect as you are right next to Cookman Ave, the Biergarten and all of Asbury's great restaurants. Walk only a few short blocks to Asbury Park's beach and boardwalk, or walk right across the lake into historic Ocean Grove! See Video!

Last Agent to Sell the Property

Gregory Alessi

RE/MAX Synergy Listed on: 05/29/2020

Last Buyer's Agent

Sonja O'Brien

Berkshire Hathaway HomeServices Signature Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,082

Year Built

  • Built in 2016

HOA Fees

  • $698 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Heated Garage
  • Garage Door Opener
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Flat Roof Shape

Interior Spaces

  • 1,700 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet on the upper level
  • Ceiling Fan
  • Recessed Lighting
  • Light Fixtures
  • Gas Fireplace
  • Insulated Windows
  • Blinds
  • Sliding Doors
  • Bonus Room
  • Storage
  • Wood Flooring
  • Water Views

Kitchen

  • New Kitchen
  • Gas Cooktop
  • Stove
  • Portable Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Wheelchair Access
  • Handicap Accessible
  • Handicap Modified
  • Accessible Doors
  • Hand Rail

Outdoor Features

  • Lake On Lot
  • Balcony
  • Exterior Lighting
  • Outdoor Storage

Utilities

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

Additional Features

  • Lake Front
  • Upper Level

Listing and Financial Details

  • Exclusions: personal belongings
  • Assessor Parcel Number 04-02404-0000-00010-401-C0401

Community Details

Overview

  • Association fees include trash, common area, exterior maint, mgmt fees, snow removal
  • 603 Lake Ave Subdivision
  • On-Site Maintenance

Amenities

  • Common Area

Recreation

  • Snow Removal

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,082

Year Built

Built in 2016

Lot Details

0

HOA Fees

$698 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • ResoLotFeatures: Lake
  • Reso Association Amenities: Professional Management, Controlled Access, Association, Common Area
  • Reso Association Fee Includes: Trash, Common Area, Exterior Maint, Mgmt Fees, Snow Removal
  • Inclusions: Outdoor Lighting, AC Units, Washer, Window Treatments, Blinds/Shades, Ceiling Fan(s), Counter Top Range, Dishwasher, Dryer, Light Fixtures, Microwave, Stove, Stove Hood, Refrigerator, Freezer, Garage Door Opener, Gas Cooking
  • Subdivision Name: 603 Lake Ave
  • Reso Accessibility Features: Wheelchair Access, Support Rails, Accessible Doors
  • Architectural Style: Upper Level, Condo
  • Reso Interior Features: Balcony, Bonus Room, Ceilings - 9Ft+ 2nd Flr, Elevator, Handicap Eqp, Sliding Door, Recessed Lighting
  • ResoWindowFeatures: Insulated Windows
  • Year Built: 2016
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info Assigned Parking: Yes
  • General Property Info # Parking Spaces2: 1.0
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • Ownership Type Condominium: Yes
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • Common Elements Common Area: Yes
  • Common Elements Controlled Access2: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Exterior Maint: Yes
  • Exterior Controlled Access: Yes
  • Living Room Floor - Wood2: Yes
  • Kitchen Newer: Yes
  • Cooling Central Air: Yes
  • Exterior Storage: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • General Property Info Handicap Access: Yes
  • General Property Info # Fireplaces: 1.0
  • Interior Balcony: Yes
  • Interior Ceilings - 9Ft 2nd Flr: Yes
  • Interior Recessed Lighting: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Included BlindsShades: Yes
  • Included Light Fixtures: Yes
  • Included Stove Hood: Yes
  • Number Appliances Included A C Units: Yes
  • Included Ceiling Fan(s): Yes
  • Included Outdoor Lighting: Yes
  • Included Window Treatments: Yes
  • Living Room Fireplace - Gas7: Yes
  • Kitchen Floor - Wood4: Yes
  • Exterior Handicap Acc: Yes
  • Special Needs Wheelchair Access: Yes
  • Living Room Sliding Door2: Yes
  • Interior Bonus Room: Yes
  • Included Counter Top Range: Yes
  • Allowable Elevator4: Yes
  • Lot Description Lake2: Yes
  • Water Type Lake: Yes
  • Garage Heated2: Yes
  • Interior Handicap Eqp: Yes
  • Energy Features:Energy Appliances: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Stories: 2
  • Basement:None2: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Freezer: Yes
  • Features-Interior:Elevator: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bath Double Sinks: Yes

Exterior Features

  • Roof: Other - See Remarks, Flat
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exclusions: personal belongings
  • Exterior Features: Balcony, Controlled Access, Private Storage, Storage, Other, Lighting
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Off Street, Heated Garage
  • Total Parking Spaces: 1.0
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:Assigned: Yes
  • _pound_ AppliancesIncluded:Garage Door Opener: Yes

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: 698.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes
  • Association Fee Includes:Trash: Yes

Lot Info

  • Parcel #: 04-02404-0000-00010-401-C0401

Green Features

  • Energy Features Insulated Windows: Yes

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 10081.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2020
Closed on
Sep 1, 2020
Sold by
Alessi Greg
Bought by
Eder Paul and Dion Colleen
Seller's Agent
Gregory Alessi
RE/MAX Synergy
Buyer's Agent
Sonja O'Brien
Berkshire Hathaway HomeServices Signature Properties
List Price
$850,000
Sold Price
$825,000
Premium/Discount to List
-$25,000
-2.94%
Current Estimated Value
$1,163,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,001
Avg. Annual Appreciation
7.14%
Original Mortgage
$783,750
Outstanding Balance
$695,833
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$467,168
Source: Public Records

Range of Values:

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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
Eder Paul $825,000 Afrm Title And Abstract
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eder Paul $783,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2020 09/03/20 Sold $825,000 -1.8% $485 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
07/10/2020 07/10/20 Price Changed $839,900 -1.2% $494 / Sq Ft
05/29/2020 05/29/20 For Sale $850,000 -- $500 / Sq Ft
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 $16,067 $1,093,200 $328,000 $765,200
2024 $14,591 $1,015,600 $304,700 $710,900
2023 $14,591 $943,800 $283,100 $660,700
2022 $13,022 $862,200 $258,700 $603,500
2021 $13,022 $825,000 $255,700 $569,300
2020 $10,411 $661,000 $0 $0
2019 $10,082 $773,500 $232,000 $541,500
2018 $10,052 $714,000 $214,200 $499,800
2017 $10,756 $654,500 $196,400 $458,100
2016 $9,790 $578,000 $173,400 $404,600
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2020

    Gregory Alessi

    RE/MAX

  • S

    Buyer's Agent in 2020

    Sonja O'Brien

    Berkshire Hathaway HomeServices Signature Properties

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22016441

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-02404-0000-00010-401-C0401

New Jersey Monmouth County Asbury Park 07712

603 Lake Ave Unit PHA, Asbury Park, NJ

This home is located at 603 Lake Ave Unit PHA, Asbury Park, NJ 07712 since 29 May 2020 and is currently estimated at $1,163,001, approximately $684 per square foot. This property was built in 2016. 603 Lake Ave Unit PHA is a home located in Monmouth County with nearby schools including Asbury Park High 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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