NOT LISTED FOR SALE

604 3rd Ave Asbury Park, NJ 07712

Estimated Value: $1,242,000 - $1,606,000

4 Beds
4.5 Baths
3,583 Sq Ft
$410/Sq Ft Est. Value

Last Sold September 12, 2022

Last sale price $1,185,000 $331 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $9,338/month

129 Days on Market

Highlights

  • 1 Fireplace
  • Cooling Available
  • Zoned Heating

About This Home

As of September 2022

This east side beauty sits high above tree lined 3rd Avenue. Four units offer the flexibility of an owner occupying the vacant ground floor unit which features a modern kitchen, formal dining, 1.5 baths and 2BR's. The 1st floor has off street parking and a huge private rear yard. The second and third floors provide strong rental income from (1) nicely updated two bedroom unit, (1) updated one bedroom, and one studio.

Last Agent to Sell the Property

Kenneth Rickel

Space & Company License #0893268 Listed on: 06/06/2022

Last Buyer's Agent

Richard Gribble

C21/ Action Plus Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,705

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Home Design

  • Quadruplex

Interior Spaces

  • 3,583 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Basement Fills Entire Space Under The House
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling Available
  • Zoned Heating
  • Furnace
  • Separate Meters
  • Natural Gas Water Heater

Listing and Financial Details

  • Exclusions: Tenants personal property
  • Tenant pays for electricity
  • The owner pays for yard maintenance, water, snow removal, sewer
  • Assessor Parcel Number 04-02704-0000-00008

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $2,503
  • Insurance Expense $2,988
  • Water Sewer Expense $3,939
  • Gross Income $87,300
  • Net Operating Income $63,702

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,705

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • Year Built: 1900
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 1.0
  • General Property Info # Parking Spaces: 2.0
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Income Expenses Insurance Expense: 2988.0
  • Income Expenses WaterSewer Expense: 3939.0
  • Income Expenses Gross Income2: 87300.0
  • Income Expenses Net Income: 63702.0
  • Unit 4 Furnace10: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 4 Dryer11: Yes
  • Unit 4 Washer10: Yes
  • Income Expenses Gas Expense: 2503.0
  • Unit 4 Dishwasher11: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Acres: 0.17
  • Waterfront: No
  • Exclusions: Tenants personal property

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 3939.0

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-02704-0000-00008
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity
  • Owner Pays: Yard Maintenance, Water, Snow Removal, Sewer

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 13705.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 87300.0
  • Insurance Expense: 2988.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2022
Closed on
Sep 12, 2022
Sold by
Bbreezy Llc
Bought by
Flenniken Ellen and Mccormick Katelyn
Seller's Agent
Kenneth Rickel
Space & Company
Buyer's Agent
Richard Gribble
C21/ Action Plus Realty
List Price
$1,200,000
Sold Price
$1,185,000
Premium/Discount to List
-$15,000
-1.25%
Views
14
Current Estimated Value
$1,468,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,678
Avg. Annual Appreciation
7.52%
Original Mortgage
$948,000
Outstanding Balance
$906,757
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$561,921

Purchase Details

Listed on
Aug 15, 2020
Closed on
Sep 15, 2020
Sold by
Wagner Garrett
Bought by
Bbreezy Llc
Seller's Agent
Sonja O'Brien
Berkshire Hathaway HomeServices Signature Properties
Buyer's Agent
Kenneth Rickel
Space & Company
List Price
$849,500
Sold Price
$849,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.21%

Purchase Details

Listed on
Aug 15, 2020
Closed on
Sep 10, 2020
Sold by
Wagner Garrett
Bought by
Bbreezy Llc
Seller's Agent
Sonja O'Brien
Berkshire Hathaway HomeServices Signature Properties
Buyer's Agent
Kenneth Rickel
Space & Company
List Price
$849,500
Sold Price
$849,500

Purchase Details

Closed on
Aug 30, 2002
Sold by
Thompson Scott
Bought by
Wagner Garrett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.48%
Mortgage Type
Commercial
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
Flenniken Ellen $1,185,000 Trident Abstract Title
Bbreezy Llc $849,500 All Ahead Title Agency Llc
Bbreezy Llc $849,500 All Ahead Title
Wagner Garrett $290,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flenniken Ellen $948,000
Previous Owner Wagner Garrett $377,000
Previous Owner Wagner Garrett $450,000
Previous Owner Wagner Garrett $232,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2022 09/12/22 Sold $1,185,000 -1.3% $331 / Sq Ft
07/30/2022 07/30/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $1,200,000 +1.3% $335 / Sq Ft
04/26/2022 04/26/22 Off Market $1,185,000 -- --
03/22/2022 03/22/22 For Sale $1,200,000 +41.3% $335 / Sq Ft
09/15/2020 09/15/20 Sold $849,500 0.0% $237 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
08/15/2020 08/15/20 For Sale $849,500 -- $237 / 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
2024 $16,037 $1,292,400 $609,400 $683,000
2023 $16,037 $1,037,300 $360,700 $676,600
2022 $13,705 $915,400 $300,500 $614,900
2021 $13,705 $867,400 $273,200 $594,200
2020 $13,057 $829,000 $260,000 $569,000
2019 $12,799 $775,700 $247,600 $528,100
2018 $12,376 $694,500 $226,400 $468,100
2017 $12,014 $577,600 $193,500 $384,100
2016 $11,743 $547,700 $178,500 $369,200
2015 $11,803 $533,100 $173,500 $359,600
2014 $9,680 $446,700 $208,500 $238,200
Source: Public Records

Agents Affiliated with this Home

  • Kenneth Rickel

    Seller's Agent in 2022

    Kenneth Rickel

    Space & Company

    (732) 245-4833

    72 in this area

    103 Total Sales

    Kenneth Rickel
    Section Image

  • R

    Buyer's Agent in 2022

    Richard Gribble

    C21/ Action Plus Realty

  • S

    Seller's Agent in 2020

    Sonja O'Brien

    Berkshire Hathaway HomeServices Signature Properties

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22207928

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-02704-0000-00008

New Jersey Monmouth County Asbury Park 07712

604 3rd Ave, Asbury Park, NJ

This home is located at 604 3rd Ave, Asbury Park, NJ 07712 since 06 June 2022 and is currently estimated at $1,468,678, approximately $409 per square foot. This property was built in 1900. 604 3rd 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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