S
Seller's Agent in 2022
Sonja O'Brien
Berkshire Hathaway HomeServices Signature Properties
616 4th Ave Unit (5 family) Asbury Park, NJ 07712
Estimated Value: $1,428,000 - $1,479,405
5
Beds
5
Baths
2,906
Sq Ft
$500/Sq Ft
Est. Value
Highlights
- Oceanside
- Attic
- Corner Lot
- Wood Flooring
- 1 Fireplace
- 4-minute walk to Fireman's Park
About This Home
As of December 2022RARE opportunity to own a 1900's FIVE FAMILY available on ocean side in Asbury Park! Well maintained and fully occupied this large historic multi offers buyer so many options! Experience strong cash flow as a fully occupied 5 family or live in one and enjoy rental income from the other 4 units. Features includes large rocking chair front porch, full basement, , beautiful stained glass windows, ample side and rear year for grilling and relaxing, driveway, hardwood floors and high ceilings thru out. All units have separate gas and electric meters. Walkable to Asbury Park beaches, boardwalk, downtown, transportation and Main Street. This property has been cared for by same owner since 1987. Time to own a great shore investment property in thriving Asbury Park!
Last Agent to Sell the Property
Sonja O'Brien
Berkshire Hathaway HomeServices Signature Properties Listed on: 05/21/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,027
Year Built
- Built in 1900
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 50 x 110
- Corner Lot
- Level Lot
- Landscaped with Trees
Home Design
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,906 Sq Ft Home
- 1 Fireplace
- Stained Glass
- Fire Sprinkler System
- Stove
- Attic
Flooring
- Wood
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Parking
- No Garage
- Paved Parking
- Off-Street Parking
Outdoor Features
- Oceanside
- Exterior Lighting
Utilities
- Multiple cooling system units
- Forced Air Heating System
- Heating System Uses Natural Gas
- Separate Meters
- Natural Gas Water Heater
Listing and Financial Details
- Exclusions: Owner's and tenant's personal belongings.
- Tenant pays for heat, gas, electricity
- The owner pays for hot water, yard maintenance, water, snow removal, sewer, garbage removal
- Assessor Parcel Number 04-02806-0000-00001
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $270
- Fuel Expense $1,537
- Insurance Expense $4,167
- Maintenance Expense $1,311
- Water Sewer Expense $2,284
- Gross Income $83,700
- Net Operating Income $62,111
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 12, 2024
Sold by
Montville Rebecca and Kozlowski Krzysztof
Bought by
1 Sterling Llc
Current Estimated Value
Purchase Details
Listed on
May 21, 2022
Closed on
Dec 13, 2022
Sold by
616 Fourth Llc
Bought by
Montville Rebecca and Kozlowski Krzysztof
Seller's Agent
Sonja O'Brien
Berkshire Hathaway HomeServices Signature Properties
Buyer's Agent
Susan B. Padva
Space & Company
List Price
$1,199,000
Sold Price
$1,199,000
Views
13
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%
Purchase Details
Closed on
Nov 28, 2005
Sold by
Har Ruthanne Pech Kna Ruthanne
Bought by
616 Fourth Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1 Sterling Llc | -- | None Listed On Document | |
| 1 Sterling Llc | -- | None Listed On Document | |
| Montville Rebecca | $1,199,000 | First American Title | |
| Montville Rebecca | $1,199,000 | First American Title | |
| 616 Fourth Llc | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/15/2022 12/15/22 | Sold | $1,199,000 | 0.0% | $413 / Sq Ft |
| 05/21/2022 05/21/22 | For Sale | $1,199,000 | -- | $413 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History Compared to Growth
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 | $15,888 | $971,900 | $645,300 | $326,600 |
| 2024 | $15,097 | $1,004,300 | $561,300 | $443,000 |
| 2023 | $15,097 | $976,500 | $351,100 | $625,400 |
| 2022 | $9,072 | $617,000 | $220,400 | $396,600 |
| 2021 | $8,376 | $574,200 | $200,300 | $373,900 |
| 2020 | $8,376 | $531,800 | $200,300 | $331,500 |
| 2019 | $8,083 | $489,900 | $190,700 | $299,200 |
| 2018 | $8,407 | $471,800 | $173,300 | $298,500 |
| 2017 | $8,871 | $426,500 | $152,500 | $274,000 |
| 2016 | $8,383 | $391,000 | $152,500 | $238,500 |
| 2015 | $9,210 | $416,000 | $177,500 | $238,500 |
| 2014 | $9,556 | $441,000 | $202,500 | $238,500 |
Source: Public Records
Agents Affiliated with this Home
-
-
Susan B. Padva
S
Buyer's Agent in 2022
Susan B. Padva
Space & Company
(917) 750-8530
33 in this area
56 Total Sales
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22215499
APN: 04-02806-0000-00001
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