Seller's Agent in 2021
Jeanne Rich
Coldwell Banker Realty
(732) 439-0016
3 in this area
70 Total Sales
17 Brook Ave Unit 19 Keyport, NJ 07735
Estimated Value: $525,000 - $629,000
8
Beds
4
Baths
1,700
Sq Ft
$336/Sq Ft
Est. Value
Highlights
- Multiple cooling system units
- Heating System Uses Natural Gas
- 1-Story Property
- Level Lot
About This Home
As of October 2021How 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
Coldwell Banker Realty Brokerage Phone: 732-439-0016 License #8840733 Listed on: 03/17/2021
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
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%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,734
Avg. Annual Appreciation
5.38%
Original Mortgage
$348,750
Outstanding Balance
$318,396
Interest Rate
2.88%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$253,338
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
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 17 Brook Realty Llc | $465,000 | East Coast Title Agency | |
| 17 Brook Realty Llc | $465,000 | Land Title | |
| 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 | |
| Closed | 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
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 | $9,638 | $507,300 | $206,600 | $300,700 |
| 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
-
M
Buyer's Agent in 2021
Maksim Kats
Absolute Homes Realty, LLC
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22037351
APN: 24-00102-0000-00007
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