NOT LISTED FOR SALE

131 N 5th Ave Long Branch, NJ 07740

Estimated Value: $534,000 - $693,000

6 Beds
2 Baths
1,792 Sq Ft
$342/Sq Ft Est. Value

Last Sold January 22, 2021

Last sale price $350,000 $195 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,883/month

9 Days on Market

Highlights

  • Deck
  • Forced Air Heating System
  • Level Lot
  • Air Conditioning

About This Home

As of January 2021

Be the 1st to see this great 2 family investment property. Property has all separate utilities and each unit has 3 bedrooms. Tenants currently paying $1500 and $1400. Lower level lease ends 2021 and upstairs is on a month to month lease. Seller says present all offers.

Last Agent to Sell the Property

Richard Shirvanian

EXIT Realty East Coast Shirvanian License #9331863 Listed on: 10/27/2020

EXIT Realty East Coast Shirvanian

Last Buyer's Agent

Richard Shirvanian

EXIT Realty East Coast Shirvanian

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,707

Year Built

  • Built in 1962

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x 140
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,792 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • Paved Parking

Outdoor Features

  • Deck

Schools

  • Garfield Elementary School
  • Long Branch Middle School
  • Long Branch High School

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Tenant personal property
  • Tenant pays for hot water, yard maintenance, water, snow removal, heat, gas, electricity
  • The owner pays for sewer
  • Assessor Parcel Number 27-00320-0000-00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,707

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Year Built: 1962
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 140
  • Location Middle School: Long Branch
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Garage None4: Yes
  • ExteriorDeck: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Washer Hookup3: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Acres: 0.16
  • Waterfront: No
  • Exclusions: Tenant personal property
  • Exterior Features: Deck
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, None
  • General Property Info:Garage: No
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 50 x 140
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00320-0000-00003
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 5707.0
  • Tax Other Annual Assessment Amount: 283900.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Garfield
  • High School: Long Branch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2020
Closed on
Jan 19, 2021
Sold by
Pan Jian Lin
Bought by
Choresh Anat
Seller's Agent
Richard Shirvanian
EXIT Realty East Coast Shirvanian
Buyer's Agent
Richard Shirvanian
EXIT Realty East Coast Shirvanian
List Price
$349,900
Sold Price
$350,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$613,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,723
Avg. Annual Appreciation
12.40%
Original Mortgage
$450,000
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 2010
Sold by
Lasalle Bank National Association
Bought by
Pan Jian Lin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2005
Sold by
Mapelli Rodney
Bought by
Mapelli Rodney and Mapelli Emilia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,500
Interest Rate
9.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2003
Sold by
Bolden Jane
Bought by
Mapelli Rodney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,887
Interest Rate
5.82%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Choresh Anat $350,000 Coastal Title Agency Inc
Choresh Anat $350,000 Coastal Title Agency
Pan Jian Lin $230,000 Multiple
Mapelli Rodney -- --
Mapelli Rodney $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choresh Anat $448,700
Closed Choresh Anat $450,000
Previous Owner Pan Jian Lin $100,000
Previous Owner Mapelli Rodney $490,500
Previous Owner Mapelli Rodinei $408,000
Previous Owner Mapelli Rodney $331,500
Previous Owner Mapelli Rodney $296,887
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2021 01/22/21 Sold $350,000 0.0% $195 / Sq Ft
11/06/2020 11/06/20 Pending -- -- --
10/27/2020 10/27/20 For Sale $349,900 -- $195 / 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
2024 $5,915 $403,600 $125,900 $277,700
2023 $5,915 $380,900 $115,900 $265,000
2022 $5,927 $343,100 $78,300 $264,800
2021 $5,927 $296,200 $71,300 $224,900
2020 $5,934 $283,900 $60,300 $223,600
2019 $5,707 $271,500 $58,300 $213,200
2018 $5,909 $279,500 $56,300 $223,200
2017 $5,674 $275,300 $56,300 $219,000
2016 $5,489 $271,600 $58,300 $213,300
2015 $5,608 $251,800 $66,300 $185,500
2014 $5,103 $241,500 $76,900 $164,600
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Richard Shirvanian

    EXIT Realty East Coast Shirvanian

    (732) 768-3544

    3 in this area

    18 Total Sales

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22038587

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00320-0000-00003

New Jersey Monmouth County Long Branch 07740

131 N 5th Ave, Long Branch, NJ

This home is located at 131 N 5th Ave, Long Branch, NJ 07740 since 27 October 2020 and is currently estimated at $613,723, approximately $342 per square foot. This property was built in 1962. 131 N 5th 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.

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