NOT LISTED FOR SALE

116 Chelsea Ave Long Branch, NJ 07740

Estimated Value: $1,141,398 - $1,622,000

5 Beds
2 Baths
3,929 Sq Ft
$335/Sq Ft Est. Value

Last Sold December 27, 2017

Last sale price $592,000 $151 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $7,961/month

105 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Heating System Uses Natural Gas

About This Home

As of December 2017

Large 2 Family Home Blocks from the popular surf, sun, and shore fun of the Long Branch Beach! This amazing residence boasts two residential apartments. Unit 1: 3 Bedrooms, 2 Baths, Beautiful Hardwood Floors, Decorative Fireplace, Newly Upgraded Eat-In Kitchen w/ Stainless Steel Appliances, Washer, Dryer, and Front Porch for enjoying the ocean breeze. Unit 2: located on the upper level has 4 Bedrooms, 1 Bath, Newly Upgraded Kitchen, washer and dryer, and Lots of Living Space. Large Attic is partially finished. Off Street Parking for several cars and a side yard for enjoying green space. Great opportunity to join the Long Branch lifestyle. Weekly outdoor concerts and movies under the stars, year round historic sites, premier shops and dining destination that offer something for everyone!

Last Agent to Sell the Property

Patrick Parker

Patrick Parker Realty License #0336463 Listed on: 07/26/2017

Last Buyer's Agent

Paul Kiernan

Murphy Realty Preferred Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,048

Year Built

  • Built in 1903

Lot Details

  • Lot Dimensions are 62 x 160

Parking

  • 1 Car Detached Garage
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Schools

  • Long Branch Middle School

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 27-00217-0000-00003

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $2,292
  • Fuel Expense $2,352
  • Water Sewer Expense $1,944
  • Gross Income $57,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,048

Year Built

Built in 1903

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Wood, Ceramic Tile
  • Year Built: 1903
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 62 x 160
  • Location Middle School: Long Branch
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Income Expenses Electric Expense: 2292.0
  • Income Expenses WaterSewer Expense: 1944.0
  • Income Expenses Gross Income2: 57000.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Dishwasher3: Yes
  • Income Expenses Gas Expense: 2352.0
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Off Street, Assigned, Detached
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes
  • Parking:Assigned2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Fee Information

  • Annual Water Sewer Expense: 1944.0

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 62 x 160
  • Parcel #: 27-00217-0000-00003

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 9048.0
  • Tax Other Annual Assessment Amount: 452000.0

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 2292.0
  • Annual Gross Income: 57000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2017
Closed on
Dec 13, 2017
Sold by
Sarno Properties
Bought by
St Mary Developers Co
Seller's Agent
Patrick Parker
Patrick Parker Realty
Buyer's Agent
Paul Kiernan
Murphy Realty Preferred Homes
Sold Price
$592,000
Current Estimated Value
$1,315,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$723,100
Avg. Annual Appreciation
10.89%

Purchase Details

Listed on
Mar 17, 2014
Closed on
Apr 3, 2015
Sold by
Naaselda Financials Llc
Bought by
Sarno Properties Llc
Seller's Agent
James Hannam
RE/MAX Bay Point Realtors
Buyer's Agent
Patrick Parker
Patrick Parker Realty
Sold Price
$452,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.35%

Purchase Details

Closed on
Jul 15, 2009
Sold by
Silva Sergio Lacerda and Dasilva Celso Jose
Bought by
Naaselda Financials Llc

Purchase Details

Closed on
Jan 17, 2003
Sold by
Long Branch St Gerrard Guild
Bought by
Silva Sergio and Dasilva Celso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,400
Interest Rate
5.71%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
St Mary Developers Co $592,000 Old Republic Title
Sarno Properties Llc $452,000 Attorney
Naaselda Financials Llc $425,000 None Available
Silva Sergio $328,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Silva Celso Jose Da $268,000
Previous Owner Silva Sergio $262,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2017 12/27/17 Sold $592,000 +31.0% $151 / Sq Ft
04/03/2015 04/03/15 Sold $452,000 -- $115 / 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 $11,454 $830,700 $248,400 $582,300
2024 $10,579 $745,200 $218,400 $526,800
2023 $10,579 $681,200 $178,400 $502,800
2022 $10,777 $586,400 $143,400 $443,000
2021 $10,777 $538,600 $124,400 $414,200
2020 $10,828 $518,100 $123,400 $394,700
2019 $12,204 $580,600 $113,400 $467,200
2018 $9,285 $439,200 $105,400 $333,800
2017 $9,316 $452,000 $93,400 $358,600
2016 $9,048 $447,700 $98,400 $349,300
2015 $10,151 $455,800 $101,700 $354,100
2014 $9,162 $433,600 $113,600 $320,000
Source: Public Records

Agents Affiliated with this Home

  • Patrick Parker

    Seller's Agent in 2017

    Patrick Parker

    Patrick Parker Realty

    (202) 788-6182

    2 in this area

    72 Total Sales

    Patrick Parker
    Section Image

  • P

    Buyer's Agent in 2017

    Paul Kiernan

    Murphy Realty Preferred Homes

    Section Image
  • James Hannam

    Seller's Agent in 2015

    James Hannam

    RE/MAX

    72 Total Sales

    James Hannam
    Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21729199

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00217-0000-00003

New Jersey Monmouth County Long Branch 07740

116 Chelsea Ave, Long Branch, NJ

This home is located at 116 Chelsea Ave, Long Branch, NJ 07740 since 26 July 2017 and is currently estimated at $1,315,100, approximately $334 per square foot. This property was built in 1903. 116 Chelsea Ave is a home located in Monmouth County with nearby schools including Long Branch High School and Holy Trinity 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.

Nearby Homes