NOT LISTED FOR SALE

155A Main St Keansburg, NJ 07734

Estimated Value: $538,000 - $560,000

6 Beds
2 Baths
2,214 Sq Ft
$249/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $425,000 $192 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,600/month

About This Home

As of September 2021

Worthy cash flowing 2 family investment property ready for its next investor! Roof, siding and 2 boilers done approx. 2016. This spacious 2 family home has an approximate 11.8% Return on Investment (ROI) and a 7.7% cap rate! Rents are $1,850 and $1,800 from long term tenants who have been here since 2016 and 2019! Tenants pay gas, electric, and handle snow removal. Landlord pays water/sewer & handles lawn care. Each unit has 3 bedrooms, 1 bathroom, living room, dining room and kitchen & washer and dryer (for each unit). This property is turn key and ready for you to take over!! Excellent rents and rental history! Full basement. Shared driveway & yard. 2 separate water heaters, boilers and electric, water and gas meters!

Last Agent to Sell the Property

Michael Laico

RE/MAX 1st. Advantage License #1221934 Listed on: 06/09/2021

RE/MAX 1st. Advantage

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,199

Year Built

  • Built in 1968

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 43 x 122

Parking

  • 2 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 2,214 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Stove

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • J. C. Caruso Elementary School
  • J. R. Bolger Middle School
  • Keansburg High School

Utilities

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

Listing and Financial Details

  • Exclusions: Tenants Personal Property
  • Assessor Parcel Number 23-00094-0000-00021

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,274
  • Water Sewer Expense $2,332
  • Gross Income $43,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,199

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Year Built: 1968
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 43 x 122
  • Location Middle School: J. R. Bolger
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Parking Spaces: 2.0
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Washer Hookup3: Yes
  • Income Expenses Insurance Expense: 1274.0
  • Income Expenses WaterSewer Expense: 2332.0
  • Income Expenses Gross Income2: 43800.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 2 Washer Hookup2: Yes
  • Special Features: None

Interior Features

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

Exterior Features

  • Acres: 0.12
  • Waterfront: No
  • Exclusions: Tenants Personal Property

Garage/Parking

  • Garage: No
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: No

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 2332.0

Schools

  • Middle Or Junior School: J. R. Bolger

Lot Info

  • Lot Dimensions: 43 x 122
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 23-00094-0000-00021
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6199.0
  • Tax Other Annual Assessment Amount: 154700.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 43800.0
  • Insurance Expense: 1274.0

MLS Schools

  • Elementary School: J. C. Caruso
  • High School: Keansburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Sep 27, 2021
Sold by
Minervini Michael
Bought by
Rahman Christopher
Seller's Agent
Michael Laico
RE/MAX 1st. Advantage
Buyer's Agent
NON MEMBER
VRI Homes
Sold Price
$425,000
Current Estimated Value
$551,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,696
Avg. Annual Appreciation
6.71%
Original Mortgage
$318,750
Outstanding Balance
$290,670
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$261,026

Purchase Details

Listed on
Mar 10, 2014
Closed on
Feb 6, 2014
Sold by
Williams Donald
Bought by
Minervini Michael
Seller's Agent
DONNELL WILLIAMS
DESTINY REALTY
Sold Price
$130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.96%
Original Mortgage
$101,250
Interest Rate
4.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 10, 2006
Sold by
Harris Dwayne M
Bought by
Williams Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2002
Sold by
Kinnell Veronica
Bought by
Harris Dwayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,200
Interest Rate
6.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 1996
Sold by
Citibank
Bought by
Kinnell Anne and Kinnell George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
7.13%
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
Rahman Christopher $425,000 None Available
Minervini Michael $135,000 Multiple
Williams Donald $320,000 --
Harris Dwayne $198,000 --
Kinnell Anne $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rahman Christopher $318,750
Previous Owner Minervini Michael $101,250
Previous Owner Williams Donald $288,000
Previous Owner Harris Dwayne $178,200
Previous Owner Kinnell Anne $73,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2021 09/30/21 Sold $425,000 +226.9% $192 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
03/10/2014 03/10/14 Sold $130,000 -- $59 / Sq Ft View Prior Sale
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 $8,096 $408,300 $194,400 $213,900
2024 $8,586 $368,000 $161,500 $206,500
2023 $8,586 $331,500 $114,400 $217,100
2022 $7,186 $306,700 $95,400 $211,300
2021 $7,186 $233,600 $62,800 $170,800
2020 $6,199 $154,700 $41,400 $113,300
2019 $6,018 $152,000 $39,400 $112,600
2018 $5,770 $147,600 $37,400 $110,200
2017 $5,746 $151,400 $40,400 $111,000
2016 $5,808 $159,300 $36,400 $122,900
2015 $5,878 $167,800 $41,400 $126,400
2014 $8,191 $240,700 $51,400 $189,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michael Laico

    RE/MAX

    (732) 742-0105

    15 in this area

    521 Total Sales

    Michael Laico
    Section Image

  • N

    Buyer's Agent in 2021

    NON MEMBER

    VRI Homes

  • N

    Buyer's Agent in 2021

    NON MEMBER MORR

    NON MEMBER

  • D

    Seller's Agent in 2014

    DONNELL WILLIAMS

    DESTINY REALTY

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22118241

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 23-00094-0000-00021

New Jersey Monmouth County Keansburg 07734

155A Main St, Keansburg, NJ

This home is located at 155A Main St, Keansburg, NJ 07734 since 09 June 2021 and is currently estimated at $551,696, approximately $249 per square foot. This property was built in 1968. 155A Main St is a home located in Monmouth County with nearby schools including Joseph C. Caruso School, Joseph R. Bolger Middle School, and Keansburg High 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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