NOT LISTED FOR SALE

706 Monroe Ave Asbury Park, NJ 07712

Estimated Value: $365,000

0.06 Acre
$6,403,509 Price per Acre
2,483 Sq Ft Lot

Last Sold May 25, 2018

Last sale price $535,000

Est. 32% decrease in value since last sale

Current estimated payment $2,346/month

30 Days on Market

About This Lot

As of May 2018

Build your Asbury Park dream home on an oversized lot, or develop income producing units close to downtown Cookman Avenue and Main Street.3 adjacent lots are being offered: 704, 706, and 710 Monroe Avenue. Combined total of 7700sq ft. (77x100)One lot has a structure which is uninhabitable, but has been completely prepped for demolition. Two lots are vacant, level, and ready for building.Seller has architectural plans and renderings for two 2-family homes pending city approval for variances. These lots are currently zoned R-1 for single family residential. However, the City has adopted the new Master Plan recommendations which, when implemented, would designate these lots as R-3, allowing multi-family medium density without a variance. This property is currently classified as "Class 4A" in Tax Records. Converting this to residential use, or "Class 2" would make it eligible for a 5 year 30% tax exemption under Asbury Park Ordinance 3059.

Last Agent to Sell the Property

Ryan Coutu

Berkshire Hathaway HomeServices Signature Properties License #1541948 Listed on: 02/21/2018

Berkshire Hathaway HomeServices Signature Properties

Last Buyer's Agent

Emily Valentino

O'Brien Realty, LLC License #1430859

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,147

Lot Details

  • Lot Dimensions are 77 x 100
  • Cleared Lot
  • Subdivision Possible

Additional Features

  • Electricity Available at Street
  • Gas Available at Street

Listing and Financial Details

  • Assessor Parcel Number 04-02503-0000-00004

Property Details

Property Type

Land

Est. Annual Taxes

$2,147

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Land
  • ResoLotFeatures: Subdividable, Cleared
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Lot Dimensions: 77 x 100
  • WaterSewer Public Sewer at Street: Yes
  • WaterSewer Public Water at Street: Yes
  • Electric At Street2: Yes
  • Gas At Street3: Yes
  • Lot Description Cleared: Yes
  • Special Features: None

Exterior Features

  • Waterfront: No

Lot Info

  • Lot Dimensions: 77 x 100
  • Parcel #: 04-02503-0000-00004

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 2147.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2024
Sold by
Frontier Realty Llc
Bought by
Monroe Avenue Realty Llc
Current Estimated Value
$365,000

Purchase Details

Closed on
Jul 15, 2019
Sold by
Frontier Realty Llc
Bought by
Monroe Avenue Realty Llc

Purchase Details

Listed on
Feb 21, 2018
Closed on
May 22, 2018
Sold by
Asbury Park Ventures Llc
Bought by
Frontier Realty Llc
Seller's Agent
Ryan Coutu
Berkshire Hathaway HomeServices Signature Properties
Buyer's Agent
Emily Valentino
O'Brien Realty, LLC
Sold Price
$535,000

Purchase Details

Closed on
Oct 6, 2005
Sold by
Jewish Family & Childrens Serv
Bought by
Dwek Solomon
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
Monroe Avenue Realty Llc -- None Listed On Document
Monroe Avenue Realty Llc -- None Listed On Document
Monroe Avenue Realty Llc -- Pure Title Llc
Frontier Realty Llc $535,000 Pure Title Llc
Dwek Solomon $175,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2018 05/25/18 Sold $535,000 -- --
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
2024 $4,287 $396,500 $396,500 $0
2023 $4,287 $277,300 $277,300 $0
2022 $3,320 $231,100 $231,100 $0
2021 $3,320 $210,100 $210,100 $0
2020 $3,123 $198,300 $198,300 $0
2019 $2,046 $124,000 $111,700 $12,300
2018 $2,008 $112,700 $111,700 $1,000
2017 $2,147 $103,200 $97,500 $5,700
2016 $2,108 $98,300 $97,500 $800
2015 $1,789 $80,800 $80,000 $800
2014 $1,365 $63,000 $62,500 $500
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Ryan Coutu

    Berkshire Hathaway HomeServices Signature Properties

    Section Image

  • E

    Buyer's Agent in 2018

    Emily Valentino

    O'Brien Realty, LLC

    (732) 672-1398

    44 Total Sales

    Emily Valentino
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21806570

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-02503-0000-00004

New Jersey Monmouth County Asbury Park 07712

706 Monroe Ave, Asbury Park, NJ

This home is located at 706 Monroe Ave, Asbury Park, NJ 07712 since 21 February 2018 and is currently priced at $365,000. 706 Monroe 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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