$1,900,000
SOLD JUL 30, 2025

702-704 Summerfield Ave Asbury Park, NJ 07712

0.15 Acre
$12,666,667 Price per Acre
6,534 Sq Ft Lot

Recently Sold

12% Below List Price

227 Days on Market

About This Lot

As of July 2025

Rare opportunity to purchase 13,141 SF of land in Asbury Park's Central Business District. Zoning allows for a mixed-use 45' high building to be built at this location. Parking can be provided at grade for 28-32 cars. Preliminary Architectural work has been done and available upon request. Can also be combined with the building located a 428 Main Street for a larger footprint and project. Please note that this is not an approved site, all approvals must be applied for by the buyer/developer.

Last Agent to Sell the Property

Patrick Schiavino

Sackman Realty License #8632233 Listed on: 02/03/2025

Sackman Realty

Last Buyer's Agent

NON MEMBER MORR

NON MEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,302

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 140 x 100
  • Level Lot

Additional Homes

  • Accessory Dwelling Unit (ADU)

Utilities

  • Electricity To Lot Line
  • Gas Available

Listing and Financial Details

  • Assessor Parcel Number 04-02506-0000-00001

Property Details

Property Type

Land

Est. Annual Taxes

$12,302

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Land
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Acreage: 0.15
  • General Property Info Lot Dimensions: 140 x 100
  • WaterSewer Public Sewer On-Site: Yes
  • WaterSewer Public Water on Site: Yes
  • Out Buildings Accessory Building: Yes
  • Gas On Site3: Yes
  • Electric On Site2: Yes
  • Special Features: None

Exterior Features

  • Acres: 0.15
  • Waterfront: No

Lot Info

  • Lot Dimensions: 140 x 100
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-02506-0000-00001
  • Zoning Description: Office, Condo, Retail, Residential, Professional, Multi-Use, Multi-Family, Mixed, Commercial, Central Business

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12302.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2025
Closed on
Jul 25, 2025
Sold by
Job-Site Llc
Bought by
702 Summerfield Ap Group Llc and 321 Lofts Retreat Llc
Seller's Agent
Patrick Schiavino
Sackman Realty
Buyer's Agent
NON MEMBER MORR
NON MEMBER
List Price
$2,150,000
Sold Price
$1,900,000
Premium/Discount to List
-$250,000
-11.63%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-99.90%

Purchase Details

Closed on
Mar 18, 2003
Sold by
Sariotis George
Bought by
Job Site Llc
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 Type Sale Price Title Company
Deed $1,900,000 Leo Fortis Title
Deed $1,900,000 Leo Fortis Title
Deed $315,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $140,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 Sold $1,900,000 -11.6% --
02/03/2025 02/03/25 Pending -- -- --
02/03/2025 02/03/25 For Sale $2,150,000 0.0% --
12/29/2024 12/29/24 Off Market $2,150,000 -- --
06/21/2024 06/21/24 For Sale $2,150,000 -- --
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 $12,745 $849,700 $664,600 $185,100
2024 $12,302 $805,600 $634,900 $170,700
2023 $12,302 $795,700 $634,900 $160,800
2022 $11,747 $765,100 $529,100 $236,000
2021 $11,747 $743,500 $481,000 $262,500
2020 $11,822 $750,600 $481,000 $269,600
2019 $12,222 $740,700 $458,100 $282,600
2018 $12,738 $714,800 $416,500 $298,300
2017 $13,709 $659,100 $361,200 $297,900
2016 $13,051 $608,700 $361,200 $247,500
2015 $10,709 $483,700 $236,200 $247,500
2014 $10,482 $483,700 $236,200 $247,500
Source: Public Records

Agents Affiliated with this Home

  • Patrick Schiavino

    Seller's Agent in 2025

    Patrick Schiavino

    Sackman Realty

    (732) 859-1458

    12 in this area

    16 Total Sales

    Patrick Schiavino
    Section Image

  • N

    Buyer's Agent in 2025

    NON MEMBER MORR

    NON MEMBER

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22417628

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-02506-0000-00001

New Jersey Monmouth County Asbury Park 07712

702-704 Summerfield Ave, Asbury Park, NJ

This home is located at 702-704 Summerfield Ave, Asbury Park, NJ 07712 and is currently priced at $1,900,000. 702-704 Summerfield 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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