NOT LISTED FOR SALE

17 Brook Ave Unit 19 Keyport, NJ 07735

Estimated Value: $535,000 - $626,000

8 Beds
4 Baths
1,700 Sq Ft
$343/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $465,000 $274 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,886/month

179 Days on Market

Highlights

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • 1-Story Property
  • Level Lot

About This Home

As of October 2021

How many multi-families in Monmouth County have potential for a 10% Cap Rate? Well, you can find it here with this 4 Family. Excellent Cashflow. Situated in two buildings on one lot. Each building has 2 Apartment Units, for a total of 4 Units. Building 19 has been renovated to include a newer roof & newer kitchens. Landlord pays for Heat, Gas Hot Water & Sewer/Water. Tenants pay Electric (separate meters). All 4 Units are rented. (Pictures were taken of Bldg #19 after renovation.)

Last Agent to Sell the Property

Jeanne Rich

Coldwell Banker Realty Brokerage Phone: 732-439-0016 License #8840733 Listed on: 03/17/2021

Coldwell Banker Realty

Last Buyer's Agent

Maksim Kats

Absolute Homes Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,342

Year Built

  • Built in 1948

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 108 x 47
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 1,700 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Crawl Space
  • Stove

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Schools

  • Central Elementary And Middle School
  • Keyport High School

Utilities

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

Listing and Financial Details

  • The owner pays for hot water, water, sewer, heat
  • Assessor Parcel Number 24-00102-0000-00007

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $3,000
  • Insurance Expense $2,400
  • Maintenance Expense $1,000
  • Water Sewer Expense $1,500
  • Gross Income $54,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,342

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Attribution Contact: 732-439-0016
  • ResoLotFeatures: Level
  • Income And Expenses Maintenance Expense: 1000.0
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Laminate
  • New Construction: No
  • Year Built: 1948
  • 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: 108 x 47
  • Location Middle School: Central
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Cooling Multi Units: Yes
  • Floors Laminate2: Yes
  • Income Expenses Insurance Expense: 2400.0
  • Income Expenses WaterSewer Expense: 1500.0
  • Income Expenses Gross Income2: 54600.0
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Gas Stove10: Yes
  • Income Expenses Gas Expense: 3000.0
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Stories: 1
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.12
  • Waterfront: No

Garage/Parking

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

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 1500.0

Schools

  • Middle Or Junior School: Central

Lot Info

  • Lot Dimensions: 108 x 47
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 24-00102-0000-00007
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Hot Water, Water, Sewer, Heat

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 4342.0
  • Tax Other Annual Assessment Amount: 177000.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 54600.0
  • Insurance Expense: 2400.0

MLS Schools

  • Elementary School: Central
  • High School: Keyport

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2021
Closed on
Sep 30, 2021
Sold by
Parkway Group Llc
Bought by
17 Brook Realty Llc
Seller's Agent
Jeanne Rich
Coldwell Banker Realty
Buyer's Agent
Maksim Kats
Absolute Homes Realty, LLC
List Price
$449,900
Sold Price
$465,000
Premium/Discount to List
$15,100
3.36%
Total Days on Market
179
Current Estimated Value
$582,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,512
Avg. Annual Appreciation
6.37%
Original Mortgage
$348,750
Outstanding Balance
$321,790
Interest Rate
2.88%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$260,722

Purchase Details

Closed on
May 18, 2018
Sold by
Deutsche Bank Trust Co Trustee Rali 2005
Bought by
Parkway Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2017
Sold by
Monmouth County Sheriff
Bought by
Deutsche Bank Trust Co
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
17 Brook Realty Llc $465,000 East Coast Title Agency
Parkway Group Llc $129,000 Concord Title Agency
Deutsche Bank Trust Co $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 17 Brook Realty Llc $348,750
Previous Owner Parkway Group Llc $100,000
Previous Owner Parkway Group Llc $272,000
Previous Owner Parkway Group Llc $150,000
Previous Owner Kilic Suleyman $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $465,000 +3.4% $274 / Sq Ft
09/22/2021 09/22/21 For Sale $449,900 0.0% $265 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $449,900 -3.2% $265 / Sq Ft
12/16/2020 12/16/20 Off Market $465,000 -- --
11/25/2020 11/25/20 Pending -- -- --
10/16/2020 10/16/20 For Sale $449,900 -- $265 / 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 $9,524 $465,600 $179,700 $285,900
2023 $9,524 $433,300 $163,400 $269,900
2022 $8,117 $355,200 $142,100 $213,100
2021 $8,117 $321,600 $131,500 $190,100
2020 $4,501 $177,000 $126,400 $50,600
2019 $4,342 $171,000 $121,500 $49,500
2018 $3,177 $122,200 $98,500 $23,700
2017 $3,113 $119,400 $96,000 $23,400
2016 $3,024 $117,000 $96,000 $21,000
2015 $2,836 $109,200 $88,500 $20,700
2014 $1,854 $72,100 $63,500 $8,600
Source: Public Records

Agents Affiliated with this Home

  • Jeanne Rich

    Seller's Agent in 2021

    Jeanne Rich

    Coldwell Banker Realty

    (732) 439-0016

    4 in this area

    78 Total Sales

    Jeanne Rich
    Section Image

  • M

    Buyer's Agent in 2021

    Maksim Kats

    Absolute Homes Realty, LLC

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22037351

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 24-00102-0000-00007

New Jersey Monmouth County Keyport 07735

17 Brook Ave Unit 19, Keyport, NJ

This home is located at 17 Brook Ave Unit 19, Keyport, NJ 07735 since 17 March 2021 and is currently estimated at $582,512, approximately $342 per square foot. This property was built in 1948. 17 Brook Ave Unit 19 is a home located in Monmouth County with nearby schools including Keyport Central School, Keyport High School, and Icob Academy.

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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