NOT LISTED FOR SALE

704 Cookman Ave Asbury Park, NJ 07712

Estimated Value: $1,870,739

1 Bed
1.5 Baths
4,800 Sq Ft
$390/Sq Ft Est. Value

Last Sold April 15, 2024

Last sale price $1,775,000 $370 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $11,432/month

3 Days on Market

Highlights

  • Lake Front
  • 3-minute walk to Asbury Park
  • No HOA
  • Lake On Lot
  • Wood Flooring
  • 5-minute walk to Kennedy Park

About This Home

As of April 2024

Howard L. Borden Building. Very rare opportunity to purchase a beautiful ''loft building'' in the thriving Central Business district of Asbury Park's downtown. Only one-half block from Asbury'' Transportation Center and 6 short blocks to Asbury Park beach and boardwalk. Great buy for someone who might want a ''live/work'' space downtown, where you can own and operate your business on the first floor and live upstairs in your beautifully appointed 2,400SF loft overlooking Cookman Avenue up front and Wesley Lake from your bedroom window. Or, live upstairs, and rent out the commercial space on the first floor to help pay the mortgage and taxes. Or, rent out both as a solid investment in Asbury Park. Many options here. There are also plans for adding a 3rd story and roof deck available

Last Agent to Sell the Property

Patrick Schiavino

Sackman Realty License #8632233 Listed on: 02/27/2024

Sackman Realty

Last Buyer's Agent

Marsha Woodruffe

Greater Brunswick Regional Rlt License #1859499

Greater Brunswick Regional Rlt

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,615

Year Built

  • Built in 1919

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25 x 100
  • Lake Front

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Wood Flooring
  • Water Views

Bedrooms and Bathrooms

  • 1 Bedroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Lake On Lot

Utilities

  • Multiple cooling system units
  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: Owner's/seller's personal property and furnishings.
  • Assessor Parcel Number 04-02405-0000-00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,615

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subdivision Name: None
  • Architectural Style: Other - See Remarks
  • Reso Flooring: Wood
  • Year Built: 1919
  • General Property Info Waterview: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.06
  • General Property Info Lot Dimensions: 25 x 100
  • Cooling Central Air: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Thermal Window: Yes
  • Cooling Multi Units: Yes
  • General Property Info # UnitsBldgs: 2.0
  • Water Type Lake: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Stories: 2
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes
  • Other Rooms:Basement3: Yes

Exterior Features

  • Roof: Flat
  • Acres: 0.06
  • Waterfront Features: Lake
  • Waterfront: No
  • Exclusions: Owner's/seller's personal property and furnishings.
  • Exterior Features: Thermal Window
  • ConstructionSiding:Roof Flat: 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, Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • HeatingYN: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 25 x 100
  • Lot Size Sq Ft: 2613.6
  • Parcel #: 04-02405-0000-00005
  • Zoning Description: Mixed

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 17615.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2024
Closed on
Apr 24, 2024
Sold by
Poodle Parkway Llc
Bought by
Ambrosino Raymond E and Ambrosino Nancie Ann
Seller's Agent
Patrick Schiavino
Sackman Realty
Buyer's Agent
Marsha Woodruffe
Greater Brunswick Regional Rlt
List Price
$2,000,000
Sold Price
$1,775,000
Premium/Discount to List
-$225,000
-11.25%
Views
20
Current Estimated Value
$1,870,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,739
Avg. Annual Appreciation
3.34%

Purchase Details

Closed on
Jul 7, 2009
Sold by
704 Cookman Avenue Llc
Bought by
Poodle Parkway Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 6, 2004
Sold by
Eagleton James
Bought by
704 Cookman Ave Llc
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
Ambrosino Raymond E $1,775,000 None Listed On Document
Poodle Parkway Llc $950,000 Old Republic National Title
704 Cookman Ave Llc $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Poodle Parkway Llc $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2024 04/15/24 Sold $1,775,000 -11.3% $370 / Sq Ft
03/01/2024 03/01/24 Pending -- -- --
02/27/2024 02/27/24 For Sale $2,000,000 -- $417 / 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 $18,869 $1,226,300 $426,300 $800,000
2024 $17,615 $1,192,700 $418,500 $774,200
2023 $17,615 $1,139,400 $418,500 $720,900
2022 $14,816 $997,000 $348,800 $648,200
2021 $15,131 $937,700 $317,000 $620,700
2020 $15,131 $960,700 $317,000 $643,700
2019 $15,132 $917,100 $302,000 $615,100
2018 $15,564 $873,400 $274,500 $598,900
2017 $17,073 $820,800 $237,500 $583,300
2016 $14,401 $671,700 $237,500 $434,200
2015 $14,871 $671,700 $237,500 $434,200
2014 $15,639 $721,700 $287,500 $434,200
Source: Public Records

Agents Affiliated with this Home

  • Patrick Schiavino

    Seller's Agent in 2024

    Patrick Schiavino

    Sackman Realty

    (732) 859-1458

    11 in this area

    14 Total Sales

    Patrick Schiavino
    Section Image

  • M

    Buyer's Agent in 2024

    Marsha Woodruffe

    Greater Brunswick Regional Rlt

    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22405285

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-02405-0000-00005

New Jersey Monmouth County Asbury Park 07712

704 Cookman Ave, Asbury Park, NJ

Not Listed for Sale

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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