NOT LISTED FOR SALE

167 Witmer Place Long Branch, NJ 07740

Estimated Value: $666,000 - $698,267

5 Beds
3 Baths
1,612 Sq Ft
$426/Sq Ft Est. Value

Last Sold October 27, 2020

Last sale price $415,000 $257 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $4,239/month

10 Days on Market

Highlights

  • Air Conditioning
  • Heating System Uses Natural Gas
  • 1-Story Property

About This Home

As of October 2020

Greetings from Long Branch...great investment opportunity - one block away from the newly constructed 22-private ocean-view homes known as The Reef. The fully occupied 3-unit property is your chance to grow your portfolio.

Last Agent to Sell the Property

Angela White

NextHome Peninsula Realty Group Brokerage Phone: 732-212-0440 License #1970454 Listed on: 07/28/2020

NextHome Peninsula Realty Group

Last Buyer's Agent

Sahar Karykous

Resources Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,629

Year Built

  • Built in 1935

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 70 x 70

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking
  • Assigned Parking

Schools

  • Long Branch Middle School

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Personal Belongings
  • The owner pays for water, sewer
  • Assessor Parcel Number 27-00307-0000-00005-01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,629

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Attribution Contact: 732-212-0440
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1935
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 70 x 70
  • Location Middle School: Long Branch
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Garage None4: Yes
  • Cooling Multi Units: Yes
  • Unit 1 AC Unit: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 3 AC Unit3: Yes
  • Special Features: None

Interior Features

  • Basement: Slab
  • Basement: No
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 1
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.11
  • Waterfront: No
  • Exclusions: Personal Belongings

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street, None, Assigned
  • General Property Info:Garage: No
  • Parking:On Street: Yes
  • Parking:Assigned2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 70 x 70
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00307-0000-00005-01
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 5629.0
  • Tax Other Annual Assessment Amount: 267800.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2020
Closed on
Oct 27, 2020
Sold by
Monmouth Properties Ii Llc
Bought by
Joshi Kunal and Morjaria Avni
Seller's Agent
Angela White
NextHome Peninsula Realty Group
Buyer's Agent
Sahar Karykous
Resources Real Estate
List Price
$450,000
Sold Price
$415,000
Premium/Discount to List
-$35,000
-7.78%
Total Days on Market
10
Current Estimated Value
$686,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,567
Avg. Annual Appreciation
11.49%
Original Mortgage
$311,250
Outstanding Balance
$280,110
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$406,458

Purchase Details

Closed on
Aug 23, 2012
Sold by
Mirra Richard J
Bought by
Monmouth Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2012
Sold by
Mirra Richard J and Decamp Stuart Piet
Bought by
Mirra Richard J

Purchase Details

Closed on
Mar 14, 2010
Sold by
Monmouth Properties Llc
Bought by
Mirra Richard J and Decamp Stuart Piet

Purchase Details

Closed on
Sep 7, 1999
Sold by
Sickler Robert
Bought by
Mirra Richard and Mirra Mary Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,700
Interest Rate
7.73%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Joshi Kunal $415,000 North East Title Agency Llc
Monmouth Properties Ii Llc -- None Available
Mirra Richard J -- None Available
Mirra Richard J -- Venture Title Agency
Mirra Richard $143,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joshi Kunal $311,250
Previous Owner Monmouth Properties Ii Llc $147,446
Previous Owner Monmouth Properties Ii Llc $168,000
Previous Owner Mirra Richard J $168,750
Previous Owner Mirra Richard $128,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2020 10/27/20 Sold $415,000 -7.8% $257 / Sq Ft
08/08/2020 08/08/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $450,000 -- $279 / 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 $7,155 $474,800 $164,300 $310,500
2023 $7,155 $460,700 $164,300 $296,400
2022 $6,013 $421,300 $124,300 $297,000
2021 $6,013 $300,500 $114,300 $186,200
2020 $5,839 $279,400 $94,300 $185,100
2019 $5,629 $267,800 $91,300 $176,500
2018 $5,524 $261,300 $91,300 $170,000
2017 $5,278 $256,100 $89,300 $166,800
2016 $5,089 $251,800 $89,300 $162,500
2015 $4,285 $192,400 $71,600 $120,800
2014 $4,053 $191,800 $84,600 $107,200
Source: Public Records

Agents Affiliated with this Home

  • Angela White

    Seller's Agent in 2020

    Angela White

    NextHome Peninsula Realty Group

    (732) 239-6617

    1 in this area

    33 Total Sales

    Angela White
    Section Image
  • Sahar Karykous

    Buyer's Agent in 2020

    Sahar Karykous

    Resources Real Estate

    (732) 915-0926

    5 in this area

    36 Total Sales

    Sahar Karykous
    Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22025804

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00307-0000-00005-01

New Jersey Monmouth County Long Branch 07740

167 Witmer Place, Long Branch, NJ

This home is located at 167 Witmer Place, Long Branch, NJ 07740 since 28 July 2020 and is currently estimated at $686,567, approximately $425 per square foot. This property was built in 1935. 167 Witmer Place 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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