NOT LISTED FOR SALE

701 Asbury Ave Unit 2 Asbury Park, NJ 07712

Estimated Value: $701,000 - $1,391,483

3 Beds
1 Bath
1,232 Sq Ft
$965/Sq Ft Est. Value

Highlights

  • Community Beach Access
  • Wood Flooring
  • No HOA
  • Custom Home
  • Furnished
  • 4-minute walk to Library Square Park

About This Home

As of July 2023

Make an OFFER! Summer & Winter Rental. Aug 15-30 $5,000, Sept $7,000. Winter Oct - May $4,200/month. Large airy, sunny 2nd fl newly renovated apartment, SS appliances, granite, washer/dryer, HW floors, central air, 3 BRs with king beds each with desk workspace, wi-fi, cable, 1,000 count cotton sheets, plush cotton bath and beach towels. Come enjoy summer fun Asbury style: walk to the beach, boardwalk and Cookman Ave restaurants, bars, galleries, live music (Sea.Hear.Now 9/16-17!), The Stone Pony, The Saint, movie theater, ice cream, bookstore, supermarket, scooter rentals, etc. Beach badges supplied by owner. 1 driveway parking spot and free street parking. Pets considered ($150 cleaning fee). Basement landing access (only) for beach gear.

Last Agent to Rent the Property

Eleanor McCarthy

The Connolly Agency License #1007437 Listed on: 05/21/2023

Last Renter's Agent

Eleanor McCarthy

The Connolly Agency License #1007437 Listed on: 05/21/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,584

Year Built

  • 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Landscaped

Home Design

  • Duplex
  • Custom Home

Interior Spaces

  • 1,232 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Window Treatments

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Cooktop
  • Portable Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Primary Bathroom Bathtub Only

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Driveway
  • Off-Street Parking

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Natural Gas Water Heater

Listing and Financial Details

  • Exclusions: No Basement access beyond the landing which is for beach gear only.
  • Ask Agent About Lease Term
  • Short Term Lease
  • Assessor Parcel Number 04-02602-0000-00009

Community Details

Overview

  • No Home Owners Association

Recreation

  • Community Beach Access

Pet Policy

  • Dogs Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,584

Year Built

1900

Lot Details

0

Rental Info

  • Furnished: Yes, Furnished

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Two Family
  • Reso Association Amenities: Landscaping
  • Inclusions: Washer, Counter Top Range, Microwave, Refrigerator, Window Treatments, Dishwasher, Dryer, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Custom
  • Reso Flooring: Tile, Wood
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.12
  • Cooling Central Air: Yes
  • Included Gas Cooking: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Garage None4: Yes
  • Included Window Treatments: Yes
  • Common Elements Landscaping: Yes
  • Kitchen BnookDining Area: Yes
  • Kitchen Eat-In: Yes
  • Maintenance Fees Security Deposit3: 10.0
  • Kitchen Floor - Wood4: Yes
  • Floors Tile: Yes
  • General Property Info # Parking Spaces3: 1
  • Allowable Dogs2: Yes
  • Furnished Full2: Yes
  • Furnished Yes: Yes
  • Included Counter Top Range: Yes
  • Lease Terms Short Term: Yes
  • Lease Terms Winter: Yes
  • Living Room Floor - Wood Floor2: Yes
  • Dining Room Floor - Wood Floor: Yes
  • Foyer Floor - WW Carpet: Yes
  • Common Elements Beach Access: Yes
  • Cooling 2 Zoned AC: Yes
  • Special Features: None
  • Year Built (Public Record): 1900

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 2
  • Stories: 2
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • BasementOther: Yes
  • Primary Bedroom Floor - Wood8: Yes
  • Primary Bath Tub2: Yes
  • Primary Bath Floor - Ceramic10: Yes

Exterior Features

  • Acres: 0.12
  • Waterfront: No
  • Exclusions: No Basement access beyond the landing which is for beach gear only.

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Baseboard
  • HeatingYN: Yes
  • Heating:Natural Gas: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 5227.2
  • Parcel #: 04-02602-0000-00009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2021
Sold by
C & C Asbury Development Llc
Bought by
Somers Wheel Llc
Current Estimated Value
$1,189,121

Purchase Details

Closed on
May 2, 2018
Sold by
Monmouth County Sheriff
Bought by
Mason C Llc

Purchase Details

Closed on
Aug 16, 2000
Sold by
Griggs Craig
Bought by
Palmer Remond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
8.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 1993
Sold by
Dickerson Joe
Bought by
Griggs Beverly
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
Somers Wheel Llc $875,000 None Available
Mason C Llc $382,000 None Available
Palmer Remond $108,000 --
Palmer Remond $108,000 Coastal Title Agency Inc
Griggs Beverly $47,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palmer Remond $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2023 07/22/23 Rented $14,000 +133.3% --
05/31/2023 05/31/23 Price Changed $6,000 -14.3% $5 / Sq Ft
05/20/2023 05/20/23 For Rent $7,000 -76.7% --
12/01/2019 12/01/19 Rented $30,000 -- --
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
2025 $16,584 $1,088,500 $505,400 $583,100
2024 $13,628 $1,048,300 $453,000 $595,300
2023 $13,628 $881,500 $252,200 $629,300
2022 $8,873 $850,000 $278,100 $571,900
2021 $8,873 $561,600 $252,900 $308,700
2020 $8,135 $516,500 $240,400 $276,100
2019 $7,701 $466,700 $228,900 $237,800
2018 $6,850 $384,400 $173,600 $210,800
2017 $6,945 $333,900 $161,000 $172,900
2016 $6,936 $323,500 $156,000 $167,500
2015 $6,956 $314,200 $151,000 $163,200
2014 $6,247 $288,300 $151,000 $137,300
Source: Public Records

Agents Affiliated with this Home

  • E

    Landlord's Agent in 2023

    Eleanor McCarthy

    The Connolly Agency

    (732) 513-4007

    2 in this area

    5 Total Sales

    Eleanor McCarthy
    Section Image

  • J

    Seller's Agent in 2019

    Joseph Baumann

    BHHS Fox & Roach

  • M

    Buyer's Agent in 2019

    Marianne Schell

    Sitar Realty Company

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22313685

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-02602-0000-00009

New Jersey Monmouth County Asbury Park 07712

701 Asbury Ave Unit 2, Asbury Park, NJ

This home is located at 701 Asbury Ave Unit 2, Asbury Park, NJ 07712 since 21 May 2023 and is currently priced at $1,189,121. This property was built in 1900. 701 Asbury Ave Unit 2 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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