NOT LISTED FOR SALE

117 3rd Ave Long Branch, NJ 07740

Estimated Value: $1,011,000 - $1,325,000

8 Beds
3 Baths
3,391 Sq Ft
$337/Sq Ft Est. Value

Last Sold June 18, 2024

Last sale price $1,180,000 $348 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,894/month

22 Days on Market

Highlights

  • 0.31 Acre Lot
  • Cooling Available
  • Heating Available

About This Home

As of June 2024

Welcome to your next income-generating opportunity in Long Branch, NJ! This expansive 3-family house is strategically located close to the beaches and train station, offering convenience and potential for a lucrative investment. Key features of this property include:- Ample off-street parking, ensuring convenience for tenants and guests alike.- A spacious lot, providing plenty of outdoor space for relaxation or potential expansion.- Three separate apartments within the house, offering flexibility and multiple income streams with separate gas and electric meters. Whether you're looking to grow your real estate portfolio or generate passive income, this property presents an excellent opportunity near areas of redevelopment.

Last Agent to Sell the Property

Josh Starner

Sackman Realty License #2191038 Listed on: 04/12/2024

Sackman Realty

Co-Listed By

William McClellan

Sackman Realty License #0234203

Last Buyer's Agent

Josh Starner

Sackman Realty License #2191038 Listed on: 04/12/2024

Sackman Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,506

Year Built

  • Built in 1907

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 57 x 237

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,391 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Parking

  • No Garage
  • Off-Street Parking

Schools

  • Long Branch Middle School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • 3 Units
  • Gross Income $80,000

Listing and Financial Details

  • Exclusions: tenants personal property
  • Tenant pays for hot water, heat, gas, electricity
  • The owner pays for yard maintenance, water, snow removal, sewer
  • Assessor Parcel Number 27-00217-0000-00015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,506

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Co List Office Mls Id: 3798
  • Co List Office Phone: 732-798-8188
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1907
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 57 x 237
  • Location Middle School: Long Branch
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Garage None4: Yes
  • Income Expenses Gross Income2: 80000.0
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Stories: 2
  • BasementOther: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.31
  • Waterfront: No
  • Exclusions: tenants personal property
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 57 x 237
  • Lot Size Sq Ft: 13503.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00217-0000-00015
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Heat, Gas, Electricity
  • Owner Pays: Yard Maintenance, Water, Snow Removal, Sewer

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9506.0
  • Tax Other Annual Assessment Amount: 612100.0

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 80000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
Jun 6, 2024
Sold by
Kreisler Realty Llc
Bought by
New Hope Integrated Behavioral Health Care In
Seller's Agent
Josh Starner
Sackman Realty
Buyer's Agent
Josh Starner
Sackman Realty
List Price
$1,199,000
Sold Price
$1,180,000
Premium/Discount to List
-$19,000
-1.58%
Views
23
Current Estimated Value
$1,142,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,770
Avg. Annual Appreciation
-2.53%

Purchase Details

Closed on
Sep 4, 1997
Sold by
Edwards Gary
Bought by
Kreisler Mark and Kreisler Rena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
7.52%
Mortgage Type
Commercial
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
New Hope Integrated Behavioral Health Care In $1,180,000 Northbridge Title
New Hope Integrated Behavioral Health Care In $1,180,000 Northbridge Title
Kreisler Mark $118,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kreisler Realty Llc $170,000
Previous Owner Kresler Realty Llc $150,000
Previous Owner Kreisler Mark $94,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $1,180,000 -1.6% $348 / Sq Ft
05/04/2024 05/04/24 Pending -- -- --
04/12/2024 04/12/24 For Sale $1,199,000 -- $354 / 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 $10,341 $912,200 $245,900 $666,300
2024 $9,506 $672,800 $215,900 $456,900
2023 $9,506 $612,100 $175,900 $436,200
2022 $8,984 $525,200 $140,900 $384,300
2021 $8,984 $449,000 $121,900 $327,100
2020 $9,326 $446,200 $120,900 $325,300
2019 $8,849 $421,000 $110,900 $310,100
2018 $8,492 $401,700 $102,900 $298,800
2017 $7,914 $384,000 $90,900 $293,100
2016 $7,708 $381,400 $95,900 $285,500
2015 $8,527 $382,900 $104,800 $278,100
2014 $8,266 $391,200 $117,500 $273,700
Source: Public Records

Agents Affiliated with this Home

  • Josh Starner

    Seller's Agent in 2024

    Josh Starner

    Sackman Realty

    (908) 463-8058

    2 in this area

    45 Total Sales

    Josh Starner
    Section Image
  • William McClellan

    Seller Co-Listing Agent in 2024

    William McClellan

    Sackman Realty

    (732) 682-0064

    3 in this area

    17 Total Sales

    William McClellan
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22409893

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00217-0000-00015

New Jersey Monmouth County Long Branch 07740

117 3rd Ave, Long Branch, NJ

This home is located at 117 3rd Ave, Long Branch, NJ 07740 since 12 April 2024 and is currently estimated at $1,142,230, approximately $336 per square foot. This property was built in 1907. 117 3rd Ave is a home located in Monmouth County with nearby schools including Long Branch High School, Holy Trinity School, and Bet Yaakov of the Jersey Shore.

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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