NOT LISTED FOR SALE

703 6th Ave Asbury Park, NJ 07712

Estimated Value: $1,211,000 - $2,162,000

10 Beds
4 Baths
3,766 Sq Ft
$424/Sq Ft Est. Value

Last Sold April 01, 2022

Last sale price $999,000 $265 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $9,947/month

170 Days on Market

Highlights

  • Thermal Windows
  • Forced Air Heating System
  • 3-minute walk to Fireman's Park
  • Multiple cooling system units

About This Home

As of April 2022

RARE 4-FAMILY ON EASTSIDE! Only 6 short blocks to beach! Amazing amount of space - 3,766 sq. ft. - due to finished 3rd floor. Two of the apts. are 1 BR each and two apts. are 4 BR each (spanning 2nd and 3rd floors). Rents are below market value. APT. 4 IS VACANT. All tenants are month-to-month. *****SEPARATE GAS, ELECTRIC, AND WATER METERS. ***** Tenants pay all the utilities, owner just pays sewer bill. Vinyl siding and vinyl windows for a maintenance-free exterior. BRAND NEW ROOF and 3 BRAND NEW HOT WATER HEATERS. Large 50' x 150' lot. State Inspection good until 2024. ****Asbury Rent Control Law only applies to 5 units and above, so this property is NOT subject to rent control.****

Last Agent to Sell the Property

Marty Bradshaw

Burns-Bradshaw LLC License #7811192 Listed on: 10/05/2021

Last Buyer's Agent

Susan B. Padva

Space & Company License #2075279

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,109

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,766 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Basement Fills Entire Space Under The House
  • Stove

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Schools

  • Thurgood Mar Elementary School
  • Asbury Park Middle School
  • Asbury Park High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Exclusions: Tenants' belongings
  • Tenant pays for hot water, water, heat, gas, electricity
  • The owner pays for sewer
  • Assessor Parcel Number 04-03006-0000-00010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,109

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • Year Built: 1920
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • Location Middle School: Asbury Park
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Thermal Window: Yes
  • Cooling Multi Units: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 3 Furnace3: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Furnace10: Yes
  • Unit 4 Gas Stove10: Yes
  • Unit 4 Water Heater4: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Water Heater3: Yes
  • Unit 3 Water Meter: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 10
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Exclusions: Tenants' belongings
  • Exterior Features: Thermal Window
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street
  • General Property Info:Garage: No
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Asbury Park

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-03006-0000-00010
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Water, Heat, Gas, Electricity
  • Owner Pays: Sewer

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 15109.0
  • Tax Other Annual Assessment Amount: 1051100.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Thurgood Mar
  • High School: Asbury Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2021
Closed on
Apr 1, 2022
Sold by
Boyd Paul M
Bought by
Rebello Family Trust
Seller's Agent
Marty Bradshaw
Burns-Bradshaw LLC
Buyer's Agent
Susan B. Padva
Space & Company
List Price
$1,100,000
Sold Price
$999,000
Premium/Discount to List
-$101,000
-9.18%
Current Estimated Value
$1,598,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$599,271
Avg. Annual Appreciation
14.03%

Purchase Details

Closed on
Nov 16, 1994
Sold by
Federal Home Loan
Bought by
Boyd Paul
Source: Public Records

Range of Values:

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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
Rebello Family Trust $999,000 Old Republic Title
Rebello Family Trust $999,000 Old Republic Title
Boyd Paul $29,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2022 04/01/22 Sold $999,000 -9.2% $265 / Sq Ft
11/27/2021 11/27/21 Pending -- -- --
10/05/2021 10/05/21 Price Changed $1,100,000 0.0% $292 / Sq Ft
10/05/2021 10/05/21 For Sale $1,100,000 -0.4% $292 / Sq Ft
07/02/2021 07/02/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $1,103,900 -- $293 / 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 $18,984 $1,301,500 $710,100 $591,400
2024 $15,305 $1,200,000 $617,500 $582,500
2023 $15,305 $990,000 $479,200 $510,800
2022 $16,591 $1,018,300 $399,300 $619,000
2021 $16,591 $1,051,100 $363,100 $688,000
2020 $15,109 $959,300 $344,000 $615,300
2019 $14,830 $898,800 $327,600 $571,200
2018 $14,215 $797,700 $291,400 $506,300
2017 $14,219 $683,600 $263,500 $420,100
2016 $13,833 $645,200 $238,500 $406,700
2015 $13,942 $629,700 $233,500 $396,200
2014 $11,830 $545,900 $283,500 $262,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22118418

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-03006-0000-00010