NOT LISTED FOR SALE

2 Gross Ln Unit 4 South River, NJ 08882

Estimated Value: $531,000 - $662,000

7 Beds
4 Baths
-- Sq Ft
5,837 Sq Ft Lot

Last Sold September 26, 2017

Last sale price $370,000

Est. 56% increase in value since last sale

Current estimated payment $3,794/month

109 Days on Market

About This Home

As of September 2017

SOLID BRICK FOUR FAMILY INVESTMENT OPPORTUNITY LOCATED CLOSE TO SHOPPING AND MAIN STREET IN PRIVATE LOCATION. FULLY RENTED WITH LONG TERM AND GOOD STANDING TENANTS. TENANTS PAY HEAT AND ELECTRIC. LANDLORD PAYS WATER/SEWER,TAXES AND HOMEOWNERS INSURANCE. PROPERTY HAS ADDITIONAL LOT FOR PARKING 8-10 CARS.

Last Agent to Sell the Property

Jonathan Gruebel

Coldwell Banker Realty License #0565547 Listed on: 01/20/2017

Coldwell Banker Realty

Last Buyer's Agent

Jonathan Gruebel

Keller Williams Realty West Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,880

Year Built

  • Built in 1915

Lot Details

  • Lot Dimensions are 60 x 97

Parking

  • No Garage

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

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

Listing and Financial Details

  • Tenant pays for hot water, heat, gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 23-00148-0000-00037

Community Details

Overview

  • 4 Units

Building Details

  • Water Sewer Expense $1,700
  • Gross Income $42,000
  • Net Operating Income $31,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,880

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1915
  • Contract Info New Construction: No
  • 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: 60 x 97
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • SidingBrick: Yes
  • Income Expenses WaterSewer Expense: 1700.0
  • Income Expenses Gross Income2: 42000.0
  • Income Expenses Net Income: 31000.0
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Waterfront: No
  • Construction Type: Brick

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: None
  • General Property Info:Garage: No

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 1700.0

Lot Info

  • Lot Dimensions: 60 x 97
  • Parcel #: 23-00148-0000-00037
  • Zoning Description: Multi-Family

Rental Info

  • Tenant Pays: Hot Water, Heat, Gas, Electricity
  • Owner Pays: Water, Sewer

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 5880.0
  • Tax Other Annual Assessment Amount: 78900.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 42000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 9, 2025
Sold by
42 G Lane Llc
Bought by
Domchrist 2-4 Gross Llc
Current Estimated Value
$576,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$419,283
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$156,781

Purchase Details

Listed on
Jan 20, 2017
Closed on
Oct 2, 2017
Sold by
Magliozzi Claire and The Estate Of Samira Haroun
Bought by
42G Lane Llc
Seller's Agent
Jonathan Gruebel
Coldwell Banker Realty
Buyer's Agent
Jonathan Gruebel
Keller Williams Realty West Monmouth
Sold Price
$370,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%

Purchase Details

Closed on
Apr 13, 2017
Sold by
Meleka Manal and Haroun Lillan
Bought by
Estate Of Samira Haroun

Purchase Details

Closed on
Mar 4, 2015
Sold by
Haroun Samira
Bought by
Meleka Maunal and Haroun Lilklian

Purchase Details

Closed on
Aug 19, 1991
Bought by
Haroun Makram and Haroun Samira
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Domchrist 2-4 Gross Llc $525,000 Stewart Title Guaranty Company
Domchrist 2-4 Gross Llc $525,000 Stewart Title Guaranty Company
42G Lane Llc $370,000 Pure Title
Estate Of Samira Haroun -- None Available
Meleka Maunal -- None Available
Haroun Makram $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Domchrist 2-4 Gross Llc $420,000
Closed Domchrist 2-4 Gross Llc $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2017 09/26/17 Sold $370,000 -- --
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 $9,151 $359,300 $118,900 $240,400
2024 $8,878 $359,300 $118,900 $240,400
2023 $8,878 $359,300 $118,900 $240,400
2022 $8,724 $359,300 $118,900 $240,400
2021 $6,253 $359,300 $118,900 $240,400
2020 $8,217 $359,300 $118,900 $240,400
2019 $6,499 $78,900 $7,400 $71,500
2018 $6,343 $78,900 $7,400 $71,500
2017 $6,111 $78,900 $7,400 $71,500
2016 $5,880 $78,900 $7,400 $71,500
2015 $5,748 $78,900 $7,400 $71,500
2014 $5,616 $78,900 $7,400 $71,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21702393

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 23-00148-0000-00037