NOT LISTED FOR SALE

2 Bank St Matawan, NJ 07747

Estimated Value: $475,000

5 Beds
2 Baths
2,306 Sq Ft
$206/Sq Ft Est. Value

Last Sold April 30, 2018

Last sale price $106,000 $46 Per Sq Ft

Est. 348% increase in value since last sale

Current estimated payment $2,829/month

33 Days on Market

Highlights

  • Cooling Available
  • 2-minute walk to Aberdeen Matawan
  • Heating System Uses Natural Gas
  • Matawan Reg High School Rated A-

About This Home

As of April 2018

Great opportunity to own a large 2 family in Matawan a possible income producing property. Live in one unit rent out the other or rent out both. This home has lots of potential

Last Agent to Sell the Property

Carl SanFilippo

RE/MAX First Realty License #0678225 Listed on: 02/15/2018

RE/MAX First Realty

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 248 x 70

Home Design

  • Duplex

Interior Spaces

  • 2,306 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Dirt Floor

Schools

  • Matawan Avenue Middle School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Oil Water Heater

Community Details

  • 2 Units
  • Freneau Subdivision

Listing and Financial Details

  • Assessor Parcel Number 31-00005-0000-00007

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: Freneau
  • Reso Flooring: See Remarks, Other
  • Year Built: 1920
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 248 x 70
  • Location Middle School: Matawan Avenue
  • WaterSewer Public Water: Yes
  • Water Heater Oil: Yes
  • Special Features: None

Interior Features

  • Basement: Dirt Floor, Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Full Basement: Yes
  • Basement:Dirt Floor: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Radiator
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Matawan Avenue

Lot Info

  • Lot Dimensions: 248 x 70
  • Parcel #: 31-00005-0000-00007

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 7843.0
  • Tax Other Annual Assessment Amount: 278600.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2025
Sold by
425 Cherry Associates Llc
Bought by
425 Cherry Associates Llc
Current Estimated Value
$475,000

Purchase Details

Closed on
Apr 30, 2020
Sold by
Main & High Llc
Bought by
426 Cherry Associates Llc

Purchase Details

Listed on
Feb 15, 2018
Closed on
Mar 28, 2018
Sold by
Pretium Mtg Acquisition Trust
Bought by
Main & High Llc
Seller's Agent
Carl SanFilippo
RE/MAX First Realty
Buyer's Agent
NON MEMBER
VRI Homes
Sold Price
$106,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.27%

Purchase Details

Closed on
Dec 18, 2017
Sold by
Monmouth County Clerk
Bought by
Wilmington Savings Fund Society Fsb

Purchase Details

Closed on
Jun 4, 2001
Sold by
Lloyd Gorcey Charitable Founda
Bought by
Zuppz Robert

Purchase Details

Closed on
Oct 20, 1997
Sold by
Liang Davey
Bought by
Wong See

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
7.31%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
425 Cherry Associates Llc -- Trident Abstract Title
425 Cherry Associates Llc -- Trident Abstract Title
426 Cherry Associates Llc $106,000 None Available
Main & High Llc $106,000 Trident Abstract Title Agenc
Wilmington Savings Fund Society Fsb $1,000 None Available
Zuppz Robert $40,000 --
Zuppz Robert $40,000 --
Wong See $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wong See $128,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2018 04/30/18 Sold $106,000 -- $46 / 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 $3,729 $284,200 $284,200 --
2024 $6,244 $170,800 $170,800 $0
2023 $6,244 $287,200 $152,800 $134,400
2022 $8,458 $312,600 $137,800 $174,800
2021 $6,241 $311,300 $137,800 $173,500
2020 $8,049 $294,200 $122,800 $171,400
2019 $7,587 $277,900 $110,800 $167,100
2018 $7,820 $281,800 $116,800 $165,000
2017 $7,843 $278,600 $116,800 $161,800
2016 $7,620 $276,500 $116,800 $159,700
2015 $7,390 $270,200 $116,800 $153,400
2014 $7,507 $275,500 $116,800 $158,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21805668

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 31-00005-0000-00007