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1318 Laurel Avenue

1318 Laurel Avenue, Asbury Park, NJ 07712
Property in Wanamassa
Sold May 10, 2021
$555,000
$330,000 by Fairway Independent Mortgage C
Mortgage Due May 01, 2051
Sold Feb 28, 1991
$80,000
Local assessors in Asbury Park, NJ have categorized 1318 Laurel Avenue as a residential type of property. The home was built in 1931 and is 93 years old. The property's lot size has been calculated to be 5,000 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1318 Laurel Avenue has a total of 1,465 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 216 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. The building has a gable style roof that was made of shingle (not wood). Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Apr 15, 2021 for $555,000. That's $378.84 per sqft. Prior to that sales transaction, the property was also sold in Feb 28, 1991 for $80,000. 1318 Laurel Avenue was last assessed in 2023. The total value of the property was assessed at $536,900. Specifically, the land the property is located on was valued at $370,000. While improvements on the property were assessed at a total of $166,900. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $8,360. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Style: Traditional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,332
  • Garage Type: Detached
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,465
  • Building Area: 1,465
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,465
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: Y M C A CAMP
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : RIBEIRO FRANCISCO
  • Current Owner 2: RIBEIRO ANDREA
  • Previous Owner : 25 MASSARO LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Ocean Township School District
  • Census Tract: 806600

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: TAX MAP 50
  • District: 37
  • Parcel: 37 00129-0000-00008
  • Block: 129
  • Lot: 8
  • Municipality: OCEAN TWP
  • Latitude: 40.2305
  • Longitude: -74.024

    Address

  • Full Address: 1318 Laurel Ave
  • Address - House Number: 1318
  • Address - Street Name: Laurel
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Ocean
  • Carrier Code: C023
  • 4-Digit Zip Code: 4608
  • Zip Code: 07712

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,360

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 731,674
  • High Value: 855,731
  • Low Value: 607,617

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $330,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: May 10, 2021
  • First Open Lien Mortgage Loan Amount: $330,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $536,900
  • Market Land Value: $370,000
  • Market Improvement Value: $166,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $536,900
  • Assessed Land Value: $370,000
  • Assessed Improvements Value: $166,900

    Sales

  • Current Sale Contract Date: Apr 15, 2021
  • Current Sale Recording Date: May 10, 2021
  • Current Sale Transaction ID: 11836097789
  • Current Sale Price: $555,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021075162
  • Previous Sale Recording Date: Feb 28, 1991
  • Previous Sale Contract Date: Feb 28, 1991
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: May 10, 2021
  • First Mortgage Loan Amount: $330,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

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Frequently Asked Questions

What neighborhood is 1318 Laurel Avenue located in?
The 1318 Laurel Avenue is a located in the neighborhood of Wanamassa in Wanamassa, Asbury Park.
What is the average sales price for listings in 1318 Laurel Avenue?
The average sales price for units in 1318 Laurel Avenue is $0 currently.

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