S
Seller's Agent in 2017
Shonda Neal
John C. Conover Agency
700 5th Ave Asbury Park, NJ 07712
Estimated Value: $1,237,000 - $1,602,000
5
Beds
4
Baths
--
Sq Ft
5,619
Sq Ft Lot
Highlights
- Attic
- 1 Car Detached Garage
- 2-minute walk to Fireman's Park
- Corner Lot
- Forced Air Heating System
About This Home
As of March 2017Restore this diamond in the rough to its original glory as a single family or a smart way to live rent free and renovate to capture amazing market rents and receive excellent income. Come and enjoy Hot Asbury located on same street as The New Asbury Hotel. Great location Sunset Park is right at your front door and beach is only 6 blocks. Fully rented now and all are month to month except studio apt which is 3 months in on a yearly lease.Seller motivated so bring all offers for as is sale. Keys are now available for easy show. Asbury rental market is outstanding. Vacancy rate well below 5%.
Last Agent to Sell the Property
Shonda Neal
John C. Conover Agency Listed on: 07/08/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,599
Year Built
- Built in 1920
Lot Details
- Lot Dimensions are 50 x 112
- Corner Lot
Parking
- 1 Car Detached Garage
- On-Street Parking
- Off-Street Parking
Home Design
- Quadruplex
- Shingle Roof
- Clap Board Siding
- Clapboard
Schools
- Asbury Park Middle School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Additional Features
- Stove
- Laminate Flooring
- Partial Basement
- Attic
Listing and Financial Details
- Tenant pays for gas, electricity
- The owner pays for water, sewer
- Assessor Parcel Number 04-02802-0000-00003
Community Details
Overview
- 4 Units
Building Details
- Fuel Expense $3,816
- Insurance Expense $3,413
- Water Sewer Expense $2,416
- Gross Income $43,500
- Net Operating Income $25,256
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 22, 2022
Sold by
Matrixx Llc
Bought by
Mcgx Holding Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
2.4%
Mortgage Type
Construction
Purchase Details
Closed on
Feb 2, 2022
Sold by
700 Fifth Avenue Llc
Bought by
Matrixx Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
2.4%
Mortgage Type
Construction
Purchase Details
Closed on
Aug 14, 2020
Sold by
G Torres Investments Llc
Bought by
700 Fifth Avenue Llc
Purchase Details
Closed on
Jan 14, 2019
Sold by
700 Fifth Avenue Llc
Bought by
G Torres Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.7%
Mortgage Type
Commercial
Purchase Details
Listed on
Jul 8, 2016
Closed on
Mar 13, 2017
Sold by
Asbury 5Th Ave Llc
Bought by
700 Fifth Avenue Llc
Seller's Agent
Shonda Neal
John C. Conover Agency
Buyer's Agent
Gregory Sariotis
Burke&Manna Real Estate Agency
Sold Price
$375,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.08%
Interest Rate
4.21%
Purchase Details
Closed on
Sep 21, 2010
Sold by
Jemal Lawrence and Jemal Sherry Lynn
Bought by
Asbury 5Th Ave Llc
Purchase Details
Closed on
Jan 30, 2009
Sold by
Jemal Sherry Lynn
Bought by
Jemal Sherry Lynn and Jemal Lawrence
Purchase Details
Closed on
Feb 15, 1996
Sold by
Sidhom Yousseff
Bought by
Everard Wright Nelora and Everard Bryan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mcgx Holding Llc | -- | Green Label Title | |
| Matrixx Llc | $8,500 | Green Label Title | |
| 700 Fifth Avenue Llc | -- | None Available | |
| G Torres Investments Llc | -- | Core Title | |
| 700 Fifth Avenue Llc | $370,000 | -- | |
| Asbury 5Th Ave Llc | -- | None Available | |
| Jemal Sherry Lynn | -- | None Available | |
| Everard Wright Nelora | $52,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Mcgx Holding Llc | $150,000 | |
| Closed | Mcgx Holding Llc | $850,000 | |
| Closed | Mcgx Holding Llc | $572,000 | |
| Previous Owner | Matrixx Llc | $572,000 | |
| Previous Owner | G Torres Investments Llc | $200,000 | |
| Previous Owner | 700 Fifth Avenue Llc | -- | |
| Previous Owner | Jemal Sherry Lynn | $280,000 | |
| Previous Owner | Everard Wright Nelora | $88,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2017 03/03/17 | Sold | $375,000 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $9,483 | $794,500 | $596,000 | $198,500 |
| 2023 | $9,483 | $613,400 | $379,900 | $233,500 |
| 2022 | $8,105 | $560,500 | $316,600 | $243,900 |
| 2021 | $8,105 | $513,000 | $287,800 | $225,200 |
| 2020 | $7,560 | $480,000 | $273,100 | $206,900 |
| 2019 | $7,003 | $424,400 | $260,100 | $164,300 |
| 2018 | $6,854 | $384,600 | $234,600 | $150,000 |
| 2017 | $8,705 | $418,500 | $202,000 | $216,500 |
| 2016 | $8,771 | $409,100 | $192,000 | $217,100 |
| 2015 | $8,599 | $388,400 | $177,000 | $211,400 |
| 2014 | $8,256 | $381,000 | $177,000 | $204,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2017
Gregory Sariotis
Burke&Manna Real Estate Agency
(732) 684-2434
11 Total Sales
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 21627006
APN: 04-02802-0000-00003
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