NOT LISTED FOR SALE

615 2nd Ave Asbury Park, NJ 07712

Estimated Value: $1,198,000 - $1,483,000

8 Beds
4 Baths
-- Sq Ft
7,492 Sq Ft Lot

Last Sold February 19, 2020

Last sale price $745,000

Est. 76% increase in value since last sale

Current estimated payment $8,363/month

Highlights

  • Level Lot
  • Heating System Uses Natural Gas
  • 5-minute walk to Library Square Park

About This Home

As of February 2020

EAST SIDE ASBURY PARK FOUR FAMILY OPPORTUNITY! Seize the opportunity now to purchase this great investment property bringing in $$$$. Property consists of TWO 3 bedroom apartments & TWO 1 bedroom apartments. Rents are: $1050, $1200, $1900, $1250 (+$125 for parking for the $1250 Section 8 paying tenant). Tenants pay electric and gas; Landlord pays water ~$80 monthly, sewer $240 quarterly, taxes $8976, insurance $2000 annual. 1 furnace is newer; newer hot water heaters. Call your realtor now!

Last Agent to Sell the Property

Connie King

Weichert Realtors-Ocean Listed on: 09/27/2019

Co-Listed By

Reynaldo Castaneda

Weichert Realtors-Ocean

Last Buyer's Agent

Christopher Pizzola

Heritage House Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,976

Lot Details

  • Lot Dimensions are 50 x 150
  • Level Lot

Home Design

  • Quadruplex
  • Shingle Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Natural Gas Water Heater

Additional Features

  • Stove
  • Partial Basement
  • Exterior Lighting

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for heat, gas, electricity
  • The owner pays for yard maintenance, water, sewer
  • Assessor Parcel Number 04-02704-0000-00020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • ResoLotFeatures: Level
  • Co List Office Mls Id: 1136
  • Co List Office Phone: 732-531-1600
  • Subdivision Name: None
  • New Construction: No
  • 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
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Garage None4: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: 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 4 Furnace10: Yes
  • Unit 4 Gas Stove10: Yes
  • Unit 4 Water Heater4: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Water Heater3: Yes
  • Special Features: None

Interior Features

  • Basement: Partial
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Basement:Partial: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exterior Features: Lighting

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, On Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Radiator, HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 50 x 150
  • Parcel #: 04-02704-0000-00020
  • Zoning Description: Residential

Rental Info

  • Tenant Pays: Heat, Gas, Electricity
  • Owner Pays: Yard Maintenance, Water, Sewer

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 8976.0
  • Tax Other Annual Assessment Amount: 560400.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2019
Closed on
Jan 31, 2020
Sold by
Alleyno Francis
Bought by
Dbt1 Llc
Seller's Agent
Connie King
Weichert Realtors-Ocean
Buyer's Agent
Christopher Pizzola
Heritage House Sotheby's International Realty
List Price
$850,000
Sold Price
$745,000
Premium/Discount to List
-$105,000
-12.35%
Current Estimated Value
$1,311,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$566,206
Avg. Annual Appreciation
11.01%

Purchase Details

Closed on
Aug 29, 2002
Sold by
Hud
Bought by
Alleyne Francis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,025
Interest Rate
6.39%
Mortgage Type
Commercial

Purchase Details

Closed on
May 25, 1995
Sold by
Bankers Savings
Bought by
Canberg Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
7.48%
Mortgage Type
FHA

Purchase Details

Closed on
May 4, 1995
Sold by
Bankers Savings
Bought by
Canberg Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
7.48%
Mortgage Type
FHA
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
Dbt1 Llc $745,000 Premier Abstract & Ttl Agcy
Alleyne Francis $176,500 --
Canberg Michael $25,000 --
Canberg Michael $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dbti Llc $465,000
Closed Dbti Llc $465,000
Previous Owner Alleyne Francis $245,400
Previous Owner Alleyne Francis $103,000
Previous Owner Alleyne Francis $150,025
Previous Owner Canberg Michael $77,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2020 02/19/20 Sold $745,000 -12.4% --
01/06/2020 01/06/20 For Sale $850,000 -- --
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 $13,447 $1,099,000 $609,400 $489,600
2023 $13,447 $869,800 $360,700 $509,100
2022 $10,823 $763,200 $300,500 $462,700
2021 $10,823 $685,000 $273,200 $411,800
2020 $9,894 $628,200 $260,000 $368,200
2019 $9,247 $560,400 $247,600 $312,800
2018 $8,976 $503,700 $226,400 $277,300
2017 $7,827 $376,300 $193,500 $182,800
2016 $7,650 $356,800 $178,500 $178,300
2015 $7,687 $347,200 $173,500 $173,700
2014 $6,469 $298,500 $183,500 $115,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Connie King

    Weichert Realtors-Ocean

  • R

    Seller Co-Listing Agent in 2020

    Reynaldo Castaneda

    Weichert Realtors-Ocean

  • C

    Buyer's Agent in 2020

    Christopher Pizzola

    Heritage House Sotheby's International Realty

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21939784

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-02704-0000-00020

New Jersey Monmouth County Asbury Park 07712

615 2nd Ave, Asbury Park, NJ

This home is located at 615 2nd Ave, Asbury Park, NJ 07712 since 27 September 2019 and is currently estimated at $1,311,206. 615 2nd 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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