NOT LISTED FOR SALE

701 Asbury Ave Asbury Park, NJ 07712

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

5 Beds
3 Baths
2,568 Sq Ft
$463/Sq Ft Est. Value

Last Sold January 20, 2021

Last sale price $875,000 $341 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $7,711/month

29 Days on Market

Highlights

  • Corner Lot
  • Storm Windows
  • Zoned Heating and Cooling
  • Double-Wide Driveway
  • Recessed Lighting
  • 4-minute walk to Library Square Park

About This Home

As of January 2021

Finally! A fully renovated 2 family on the east side of town. Close to great beaches, shopping,restaurants & train. Owners spared no expense bringing this beauty back to its original splendor and leaving nothing undone. Two great tenants already in place if you like, or move into one or both units yourself when the time is right. first floor unit has 2 spacious bedrooms,2 full beautiful baths,EIk w/SS appliances LR & washer/dryer.upstairs unit has 3bdrs,stunning bath,EIK,LR,walk up attic & bsmt w/washer/dryer. Gleaming hdwd floors,new doors & moldings up and down,newer siding,roof & windows,Front porch w/designer pendant lights,paver driveway for 3 cars,newer 2 zone ac, gas BBHW furnaces, sprinkler system. If you were looking for a 2 family investment w/no work look no further.

Last Agent to Sell the Property

Joseph Baumann

Berkshire Hathaway HomeServices Fox & Roach - Ocean Listed on: 10/28/2020

Last Buyer's Agent

Joseph Baumann

The Connolly Agency License #9134474

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,701

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50 x 105
  • Corner Lot
  • Sprinkler System

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,568 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Partial Basement
  • Walkup Attic

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 3 Parking Spaces
  • Double-Wide Driveway
  • Off-Street Parking

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for yard maintenance, water, sewer
  • Assessor Parcel Number 04-02602-0000-00009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,701

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Corner Lot
  • Subdivision Name: None
  • Reso Flooring: See Remarks, Other
  • Reso Interior Features: Attic - Walk Up, Recessed Lighting
  • Year Built: 1900
  • 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 105
  • Lot Description Corner Lot: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Storm Window: Yes
  • Interior Recessed Lighting: Yes
  • Exterior Sprinkler Under: Yes
  • Exterior Storm Door(s): Yes
  • Interior Attic - Walk Up: Yes
  • General Property Info # Parking Spaces: 3.0
  • Parking Double Wide: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Other, Partial, Tenant Acc
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 2
  • BasementOther: Yes
  • Basement:Partial: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.12
  • Waterfront: No
  • Exterior Features: Sprinkler Under, Storm Door(s), Storm Window
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: See Remarks, Other, Off Street, Double Wide
  • Total Parking Spaces: 3.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: HWBB, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 50 x 105
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-02602-0000-00009
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7701.0
  • Tax Other Annual Assessment Amount: 516500.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2020
Closed on
Jan 19, 2021
Sold by
C & C Asbury Development Llc
Bought by
Somers Wheel Llc
Seller's Agent
Joseph Baumann
Berkshire Hathaway HomeServices Fox & Roach - Ocean
Buyer's Agent
Joseph Baumann
The Connolly Agency
List Price
$895,000
Sold Price
$875,000
Premium/Discount to List
-$20,000
-2.23%
Current Estimated Value
$1,189,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,121
Avg. Annual Appreciation
6.71%

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
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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
01/20/2021 01/20/21 Sold $875,000 -2.2% $341 / Sq Ft
11/26/2020 11/26/20 Pending -- -- --
10/28/2020 10/28/20 For Sale $895,000 -- $349 / Sq Ft
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

  • J

    Seller's Agent in 2021

    Joseph Baumann

    Berkshire Hathaway HomeServices Fox & Roach - Ocean

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22038703

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-02602-0000-00009

New Jersey Monmouth County Asbury Park 07712

701 Asbury Ave, Asbury Park, NJ

This home is located at 701 Asbury Ave, Asbury Park, NJ 07712 since 28 October 2020 and is currently estimated at $1,189,121, approximately $463 per square foot. This property was built in 1900. 701 Asbury 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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