NOT LISTED FOR SALE

619 Cookman Ave Asbury Park, NJ 07712

Estimated Value: $1,889,906

3 Beds
5 Baths
3,443 Sq Ft
$549/Sq Ft Est. Value

Last Sold November 01, 2019

Last sale price $1,100,000 $319 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $11,745/month

31 Days on Market

Highlights

  • Deck
  • 5-minute walk to Asbury Park
  • Balcony
  • Wood Flooring
  • Palladian Windows
  • 3-minute walk to Kennedy Park

About This Home

As of November 2019

Rare opportunity to own a totally renovated 3 unit mixed use commercial building on Cookman Avenue in the heart of downtown!This fully rented building has one retail space on the 1st floor with high ceilings, open layout and 1050 square feet. The 2nd floor has 2 modern, open and spacious duplex units with hardwood floors, high ceilings and washer/dryer in units; #2 is a 1 bed/1.5 bath and #1 is a 2 bed/1.5 bath with outside deck. Each unit has separate gas and electric and (3) brand new HVAC systems just installed. Full basement with entrance along Mattison Avenue side. Keep as investment property or occupy one of the units and collect rent from the others. Walkable to the Asbury Park train station, beach and boardwalk.

Last Agent to Sell the Property

Sonja O'Brien

Berkshire Hathaway HomeServices Signature Properties Listed on: 04/29/2019

Last Buyer's Agent

Shani Marcus

Avenue Realty NJ License #1758632

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,931

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 17 x 65
  • Level Lot

Home Design

  • Triplex
  • Flat Roof Shape
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 3,443 Sq Ft Home
  • 3-Story Property
  • Awning
  • Palladian Windows
  • Home Security System

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Exterior Lighting
  • Outdoor Storage

Utilities

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

Community Details

  • 3 Units
  • Fenced Storage

Listing and Financial Details

  • Exclusions: Owner's and tenants personal belongings.
  • Tenant pays for hot water, water, heat, gas, electricity
  • The owner pays for yard maintenance, water, snow removal, sewer, garbage removal
  • Assessor Parcel Number 04-02403-0000-00004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,931

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Reso Flooring: Wood, Ceramic Tile
  • Reso Interior Features: Balcony, Fire Sprinkler
  • New Construction: No
  • Year Built: 1900
  • 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: 17 x 65
  • Cooling Central Air: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • General Property Info Handicap Access: No
  • Interior Balcony: Yes
  • Garage None4: Yes
  • ExteriorDeck: Yes
  • Siding Clapboard: Yes
  • Exterior Palladium Window: Yes
  • Exterior Security System5: Yes
  • Basement Tenant Storage: Yes
  • Exterior Awnings2: Yes
  • Exterior Locked Storage2: Yes
  • Cooling 3 Zoned AC: Yes
  • Heating 3 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access, Full, Tenant Storage
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 3
  • Total Bedrooms: 3
  • Stories: 3
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Flat
  • Waterfront: No
  • Exclusions: Owner's and tenants personal belongings.
  • Construction Type: Clapboard
  • Exterior Features: Deck, Palladium Window, Awnings, Locked Storage, Security System, Lighting
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 3+ Zoned AC
  • Cooling Y N: Yes
  • Heating: Forced Air, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 17 x 65
  • Parcel #: 04-02403-0000-00004
  • Zoning Description: Residential, Mixed, Commercial

Rental Info

  • Tenant Pays: Hot Water, Water, Heat, Gas, Electricity
  • Owner Pays: Yard Maintenance, Water, Snow Removal, Sewer, Garbage Removal

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 8931.0
  • Tax Other Annual Assessment Amount: 501200.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2019
Closed on
Oct 30, 2019
Sold by
619 Cookman Llc
Bought by
Ma Cookman Llc
Seller's Agent
Sonja O'Brien
Berkshire Hathaway HomeServices Signature Properties
Buyer's Agent
Shani Marcus
Avenue Realty NJ
Sold Price
$1,100,000
Current Estimated Value
$1,889,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$789,906
Avg. Annual Appreciation
9.39%
Original Mortgage
$825,000
Outstanding Balance
$734,259
Interest Rate
3.65%
Estimated Equity
$1,110,790

Purchase Details

Closed on
Jan 5, 2006
Sold by
Fasano Properties Llc
Bought by
619 Cookman Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.28%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Ma Cookman Llc $1,100,000 Old Republic Natl Ttl Ins Co
619 Cookman Llc $810,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ma Cookman Llc $825,000
Previous Owner 619 Cookman Llc $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2019 11/01/19 Sold $1,100,000 0.0% $319 / Sq Ft
01/01/2018 01/01/18 Rented $29,250 -- --
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 $15,698 $1,061,200 $296,200 $765,000
2023 $15,698 $1,015,400 $296,200 $719,200
2022 $14,854 $998,800 $246,900 $751,900
2021 $14,854 $953,400 $224,400 $729,000
2020 $11,518 $731,300 $224,400 $506,900
2019 $11,728 $710,800 $213,800 $497,000
2018 $8,931 $501,200 $194,400 $306,800
2017 $9,418 $452,800 $168,200 $284,600
2016 $9,779 $456,100 $168,200 $287,900
2015 $9,598 $433,500 $218,200 $215,300
2014 $11,160 $515,000 $293,200 $221,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21917490

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-02403-0000-00004