NOT LISTED FOR SALE

86 Steiner Ave Neptune, NJ 07753

Estimated Value: $548,000 - $693,255

6 Beds
4 Baths
1,800 Sq Ft
$350/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $345,000 $192 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $4,085/month

Highlights

  • Corner Lot
  • Heating System Uses Natural Gas
  • 4-minute walk to Joe Freda Park
  • Multiple cooling system units

About This Home

As of August 2017

Income, Income, Income! This property boosts two buildings & 3 rental units, a 3 BR, 2 BR, 1 BR. Centrally located close to Bradley Beach Train station, 8 blocks form Avon Beach, walkable to local Pubs and Restaurants Long history of solid rentals. Front home was renovated just 10 months ago. Area has undergone change with New townhouse units diagonally across from property, new Brewery & Restaurant right down the street. Positive cash flow from day 1, bring your investors to see this nice investment.

Last Agent to Sell the Property

John Amoscato

Chris Smith Realty License #8334258 Listed on: 07/28/2017

Last Buyer's Agent

Donna Burton

RE/MAX Gateway License #1645611

RE/MAX Gateway

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,457

Year Built

  • Built in 1922

Lot Details

  • Lot Dimensions are 100 x 100
  • Corner Lot

Parking

  • 5 Parking Spaces

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Schools

  • Woodrow Wilson Elementary And Middle School
  • Neptune Twp High School

Utilities

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

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for water, heat, gas, electricity
  • The owner pays for sewer
  • Assessor Parcel Number 36-00011-0000-00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,457

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • ResoLotFeatures: Corner Lot
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1922
  • Contract Info New Construction: No
  • 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: 100 x 100
  • Location Middle School: Woodrow Wilson
  • Lot Description Corner Lot: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Cooling Multi Units: Yes
  • General Property Info # Parking Spaces: 5.0
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: personal Property
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Total Parking Spaces: 5.0
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Schools

  • Middle Or Junior School: Woodrow Wilson

Lot Info

  • Lot Dimensions: 100 x 100
  • Parcel #: 36-00011-0000-00001
  • Zoning Description: Mixed

Rental Info

  • Tenant Pays: Water, Heat, Gas, Electricity
  • Owner Pays: See Remarks, Sewer

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 6457.0
  • Tax Other Annual Assessment Amount: 259300.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Woodrow Wilson
  • High School: Neptune Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2017
Closed on
Jul 7, 2017
Sold by
Zozus Thomas and Zozus Ida
Bought by
King Joseph
Seller's Agent
John Amoscato
Chris Smith Realty
Buyer's Agent
Donna Burton
RE/MAX Gateway
Sold Price
$345,000
Current Estimated Value
$629,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,314
Avg. Annual Appreciation
7.29%
Original Mortgage
$220,000
Interest Rate
3.93%
Mortgage Type
New Conventional
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
King Joseph $345,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner King Joseph $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2017 08/31/17 Sold $345,000 -- $192 / 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 $8,985 $515,700 $183,800 $331,900
2024 $8,753 $476,900 $159,400 $317,500
2023 $8,753 $454,000 $148,000 $306,000
2022 $8,459 $403,100 $113,900 $289,200
2021 $8,459 $386,600 $118,900 $267,700
2020 $8,529 $372,300 $118,900 $253,400
2019 $8,419 $355,700 $112,300 $243,400
2018 $8,394 $339,700 $110,600 $229,100
2017 $6,538 $263,200 $106,900 $156,300
2016 $6,457 $259,300 $108,000 $151,300
2015 $6,746 $266,200 $117,000 $149,200
2014 $7,298 $252,800 $108,000 $144,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21715491

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 36-00011-0000-00001