$266,574
SOLD MAY 26, 2021

1505 Cherry Ln Neptune City, NJ 07753

3 Beds
2.5 Baths
1,500 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$178 Per Sq Ft

3% Above List Price

88 Days on Market

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • No HOA
  • Kitchen Island

About This Home

As of May 2021

Brand new construction and the price is not a misprint! Now offering one interior unit at $ 259,000 and one end unit at $279,000; move quick for this pre-construction pricing. Three level townhomes offer three bedrooms, 2.5 baths and a 3rd floor bonus space (that will be finished for no charge with pre-construction pricing). Private front yard area and two parking spaces in the rear. Hardwood flooring on ground level, custom baths and kitchens, and room to spread out. Construction is estimated to be finished December, 2020. These are single family, attached homes not condominiums. There are no monthly condo fees. Illustrations are not to scale and not meant to show finishes or details.

Last Agent to Sell the Property

Kenneth Rickel

Space & Company License #0893268 Listed on: 07/24/2020

Last Buyer's Agent

Kimberly Newsome

Resources Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,393

Year Built

  • Built in 2020

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 18 x 100

Parking

  • Off-Street Parking

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,500 Sq Ft Home
  • 3-Story Property
  • Light Fixtures

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom

Outdoor Features

  • Covered Patio or Porch

Schools

  • Neptune Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,393

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inclusions: Dishwasher, Light Fixtures, Refrigerator, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Townhouse
  • Year Built: 2020
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • General Property Info Acreage: 0.04
  • General Property Info Lot Dimensions: 18 x 100
  • Location Middle School: Neptune
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Included Gas Cooking: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Exterior Porch - Open: Yes
  • Included Light Fixtures: Yes
  • Style Townhouse: Yes
  • Kitchen Floor - Wood4: Yes
  • General Property Info # UnitsBldgs: 5.0
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 3
  • Basement:None2: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Floor - Ceramic7: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.04
  • Waterfront: No
  • Exterior Features: Porch - Open, Porch - Covered
  • Features Exterior:Porch Covered: Yes
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Association: No

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 18 x 100
  • Lot Size Sq Ft: 1742.4
  • Parcel #: 000000

Multi Family

  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2021
Closed on
May 10, 2021
Sold by
Schoolhouse Equities Llc
Bought by
Kenney Edward
Seller's Agent
Kimberly Newsome
Space & Company
Buyer's Agent
Nicole Richman
RE/MAX Revolution
Sold Price
$31,800
Current Estimated Value
$595,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$563,256
Avg. Annual Appreciation
20.43%
Original Mortgage
$198,000
Outstanding Balance
$178,873
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$416,183

Purchase Details

Closed on
Dec 20, 2019
Sold by
Rebuild Metro Ridge Avenue Llc
Bought by
Schoolhouse Equities Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Deed $264,000 Two Rivers Title Co Llc
Deed $264,000 Old Republic Title
Deed $394,391 Successful Abstract
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $198,000 New Conventional
Closed $198,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2021 05/29/21 Rented $31,800 -88.1% --
05/29/2021 05/29/21 Under Contract -- -- --
05/26/2021 05/26/21 Sold $266,574 0.0% $178 / Sq Ft
05/26/2021 05/26/21 For Rent $2,650 0.0% --
10/20/2020 10/20/20 Pending -- -- --
07/24/2020 07/24/20 For Sale $259,000 -- $173 / 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 $6,393 $423,200 $168,200 $255,000
2024 $6,579 $365,100 $112,200 $252,900
2023 $6,579 $364,300 $112,200 $252,100
2022 $5,578 $264,700 $49,500 $215,200
2021 $843 $37,200 $37,200 $0
2020 $843 $37,200 $37,200 $0
2019 $0 $37,200 $37,200 $0
2018 $0 $37,200 $37,200 $0
2017 $0 $37,200 $37,200 $0
2016 $843 $37,200 $37,200 $0
2015 -- $37,200 $37,200 $0
2014 -- $40,400 $40,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22025231

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00520-0000-00011