$865,000
SOLD JAN 14, 2025

611 3rd Ave Asbury Park, NJ 07712

8 Beds
3 Baths
3,237 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$267 Per Sq Ft

6% Below List Price

142 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Level Lot
  • Cooling Available

About This Home

As of January 2025

Only a few blocks to the beach ! Property needs renovation but fabulous potential ! 1st floor apartment in front house is approx 883 SF and contains 2 BRs, Kit, LR, & enclosed porch. Two level apartment on 2nd & 3rd floor (approx 1,126 SF) containing 3 BR's, LR, DR, & Kit. House in rear (613 3rd Ave) is approx 1,230 SF consisting of 3 BR's, LR-DR combo, & Kit. Each unit has separate gas & elec meters. Owner pays Water & Sewer (2023 sewer cost = $1,872.). Asbury Park has a Rent Control Ordinance, however; vacant units can be rented at market value (vacancy decontrol). Tenants are moving. Landlord should be able to deliver the premises vacant. Being sold strictly ''AS IS''. Buyer to obtain any and all documentation required to ''Close'' this transaction.

Last Agent to Sell the Property

James Giannell

New Markets Realty Inc License #7844904 Listed on: 08/09/2024

Last Buyer's Agent

James Giannell

New Markets Realty Inc License #7844904 Listed on: 08/09/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,641

Year Built

  • Built in 1930

Lot Details

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

Home Design

  • 3,237 Sq Ft Home
  • Triplex
  • Shingle Roof

Kitchen

  • Stove

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • 3 Parking Spaces
  • No Garage

Schools

  • Asbury Park High School

Utilities

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

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for hot water, heat, gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 04-02806-0000-00016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,641

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Reso Flooring: Wood, Linoleum
  • New Construction: No
  • Year Built: 1930
  • Contract Info New Construction: No
  • 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 150
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • Floors Linoleum: Yes
  • General Property Info # Parking Spaces: 3.0
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 3 Furnace3: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Water Heater3: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space, Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Full Basement: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: None
  • Total Parking Spaces: 3.0
  • General Property Info:Garage: No

Utilities

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

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-02806-0000-00016
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 11641.0
  • Tax Other Annual Assessment Amount: 994500.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • High School: Asbury Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 1995
Sold by
Coyle James
Bought by
Roundtree Benny
Current Estimated Value
$881,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,000
Interest Rate
7.7%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $54,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $97,000 Commercial
Closed $41,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2025 01/14/25 Sold $865,000 -6.5% $267 / Sq Ft
10/04/2024 10/04/24 Pending -- -- --
08/09/2024 08/09/24 Price Changed $924,900 0.0% $286 / Sq Ft
08/09/2024 08/09/24 For Sale $924,900 -7.5% $286 / Sq Ft
07/20/2024 07/20/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $999,900 -- $309 / 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 $15,733 $1,046,700 $700,400 $346,300
2024 $11,641 $994,500 $609,400 $385,100
2023 $11,641 $753,000 $360,700 $392,300
2022 $9,635 $657,100 $300,500 $356,600
2021 $9,635 $609,800 $273,200 $336,600
2020 $8,918 $566,200 $260,000 $306,200
2019 $8,377 $507,700 $247,600 $260,100
2018 $8,142 $456,900 $226,400 $230,500
2017 $8,158 $392,200 $193,500 $198,700
2016 $8,094 $377,500 $178,500 $199,000
2015 $8,134 $367,400 $173,500 $193,900
2014 $7,301 $336,900 $208,500 $128,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22413581

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-02806-0000-00016