1617 Monroe Avenue

1617 Monroe Avenue has been categorized by the local assessors in Neptune, NJ as a residential type of property. The building on the property was first built in 1904 and is 120 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1617 Monroe Avenue has 1,296 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 10,454 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. The building has a gable style roof made of shingle (not wood). The exterior walls of the building are made of alum/vinyl siding. In terms of heating, it is utilizing a forced air unit. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in Jul 10, 2006 for $250,000. That's $192.90 per sqft. 1617 Monroe Avenue was last assessed in 2023. The total value of the property was assessed at $407,400. Specifically, the land the property is located on was valued at $243,600. While improvements on the property were assessed at a total of $163,800. 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 $7,358. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.