$100,000 - $1,482,000
RENTED JAN 15, 2025

20 Melrose Terrace Unit 605 Long Branch, NJ 07740

1 Bed
1 Bath
963 Sq Ft
8,276 Sq Ft Lot

Last Sold November 13, 2024

Last sale price $1,370,000 $1,423 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $5,399/month

Highlights

  • Beach Front
  • Fitness Center
  • Heated In Ground Pool
  • Ocean View
  • Basketball Court
  • End Unit

About This Home

As of January 2025

BREATHTAKING VIEWS - OCEANFRONT PENTHOUSE WITH 2 TERRACES! Annual Rental. Be the first to live in the MOST COVETED LOCATION at the Lofts @ Pier Village luxury complex w/ 24 hour concierge. Bright & sun-filled thanks to the top floor location with continuous floor-to-ceiling windows & dramatic 12-foot ceilings, this 1 bedroom + study getaway is seamlessly designed for indoor/outdoor entertaining & is the only unit of this size featuring oversized terraces that can accommodate full outdoor dining & lounge chairs/couches. Wake up to the soothing sound of the ocean; enjoy coffee on your oversized terrace w/ a front row to dolphins & whales passing by; cozy up at day's end while admiring gorgeous sunsets. Designer finishes throughout: Waterworks & Kohler fixtures, Ann Sacks tile, Miele appliances & in-unit washer/dryer plus motorized blinds & an exquisite chandelier. Surrounded by lush landscaping, relax at the award-winning amenity deck w/ heated pool, hot tub & towel service, lounge area w/ fire pits, grills, outdoor TV & bocce court. Additional indoor luxuries: fitness center w/ yoga + massage room, resident's lounge w/ catering kitchen & WIFI (ideal for remote work, or reserve for private entertaining), children's playroom, package reception + refrigerated storage for fresh food & flower storage. Stroll or bike the boardwalk in your backyard + explore neighboring Asbury Park, Deal, Sea Bright & Red Bank. Close to NY by fast ferry, train or car, conveniently surrounded by restaurants, bars, parks, shopping & houses of worship + walkable to Monmouth Medical Center, join this active community! What are you waiting for? Schedule a private tour to EXPERIENCE THE MAGICAL VISTAS & EFFORTLESS LIFESTYLE that 20 Melrose 605 affords.

Last Agent to Rent the Property

David Ten Hoeve

Keller Williams Realty Central Monmouth License #0901340 Listed on: 11/18/2024

Keller Williams Realty Central Monmouth

Co-Listed By

Lindsay Minerva

Keller Williams Realty Central Monmouth License #2294782

Last Renter's Agent

David Ten Hoeve

Keller Williams Realty Central Monmouth License #0901340 Listed on: 11/18/2024

Keller Williams Realty Central Monmouth

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $353

Year Built

  • 2022

Lot Details

  • Beach Front
  • End Unit
  • Landscaped

Parking

  • 1 Car Garage
  • Common or Shared Parking

Interior Spaces

  • 1-Story Property
  • Sliding Doors
  • Ocean Views

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Primary Bathroom Bathtub Only

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Basketball Court
  • Balcony
  • Exterior Lighting

Location

  • Upper Level

Schools

  • Long Branch Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Natural Gas Water Heater

Listing and Financial Details

  • Security Deposit $6,375
  • Assessor Parcel Number 27-00222-0000-00001-01-C0239

Community Details

Overview

  • Property has a Home Owners Association
  • Lofts@Pier Village Subdivision

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool

Additional Features

  • Common Area
  • Controlled Access

Condo Details

Home Type

Condominium

Est. Annual Taxes

$353

Year Built

2022

Lot Details

0

Parking

1

Rental Info

  • Furnished: Unfurnished

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • ResoPoolFeatures: Common, Heated, In Ground
  • Reso Association Amenities: Common Area, Landscaping, Playground
  • Co List Office Mls Id: 3190
  • Co List Office Phone: 732-945-5253
  • Inclusions: Washer, Microwave, Refrigerator, Dishwasher, Dryer
  • Subdivision Name: Lofts@Pier Village
  • Architectural Style: End Unit, Upper Level
  • Reso Interior Features: Balcony
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info Pool: Yes
  • Water Type Oceanfront: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Common Elements Common Area: Yes
  • Common Elements Controlled Access2: Yes
  • Pool Common2: Yes
  • Pool Heated3: Yes
  • Exterior Controlled Access: Yes
  • General Property Info Acreage: 0.19
  • Location Middle School: Long Branch
  • Cooling Central Air: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Interior Balcony: Yes
  • Cooling Electric3: Yes
  • Common Elements Landscaping: Yes
  • Common Elements Playground: Yes
  • Maintenance Fees Security Deposit3: 6375.0
  • Lease Requirements Security Deposit4: Yes
  • Living Room Sliding Door2: Yes
  • Style End Unit: Yes
  • Water Type Beachfront: Yes
  • Common Elements Swimming Pool: Yes
  • Common Elements Common Laundry: Yes
  • Common Elements Exercise Room3: Yes
  • Exterior Oceanfront3: Yes
  • Exterior Beachfront3: Yes
  • Special Features: None
  • Year Built: 2022

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Stories: 1
  • Stories: 1
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • BasementOther: Yes
  • Primary Bath Tub2: Yes

Exterior Features

  • Acres: 0.19
  • Waterfront Features: Beachfront, Oceanfront, Oceanview
  • Waterfront: Yes
  • Exterior Features: Controlled Access, Oceanfront, Basketball Court, Lighting
  • Exterior Features:Pool-In Ground: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Common
  • General Property Info:Garage: Yes
  • GarageParking:Common: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association: Yes

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Size Sq Ft: 8276.4
  • Parcel #: 27-00222-0000-00001-01-C0239

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2024
Closed on
Nov 25, 2024
Sold by
Chang James and Chang Jessica
Bought by
F & Ad Holdings Llc
Seller's Agent
David Ten Hoeve
Keller Williams Realty Central Monmouth
Buyer's Agent
David Ten Hoeve
Keller Williams Realty Central Monmouth
Sold Price
$93,024
Views
33
Current Estimated Value
$980,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$887,884
Avg. Annual Appreciation
-37.59%
Source: Public Records

Range of Values:

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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
F & Ad Holdings Llc $1,370,000 Westcor Land Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Rented $93,024 +2088.8% --
12/30/2024 12/30/24 Under Contract -- -- --
11/18/2024 11/18/24 For Rent $4,250 0.0% --
11/13/2024 11/13/24 Sold $1,370,000 -8.7% $1,423 / Sq Ft
10/09/2024 10/09/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $1,500,000 -- $1,558 / 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 $353 $22,700 $22,700 $0
2023 $353 $22,700 $22,700 $0
2022 $454 $22,700 $22,700 $0
2021 $454 $22,700 $22,700 $0
Source: Public Records

Agents Affiliated with this Home

  • David Ten Hoeve

    Landlord's Agent in 2025

    David Ten Hoeve

    Keller Williams Realty Central Monmouth

    (201) 315-9157

    10 in this area

    208 Total Sales

    Section Image

  • L

    Landlord's Co-Listing Agent in 2025

    Lindsay Minerva

    Keller Williams Realty Central Monmouth

    (732) 861-7594

    6 in this area

    12 Total Sales

    Section Image
  • Teresa Minnick

    Seller's Agent in 2024

    Teresa Minnick

    Christie's Real Estate Northern NJ

    (908) 461-0704

    29 in this area

    30 Total Sales

    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22433150

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00222-0000-00001-01-C0239

New Jersey Monmouth County Long Branch 07740

20 Melrose Terrace Unit 605, Long Branch, NJ

This home is located at 20 Melrose Terrace Unit 605, Long Branch, NJ 07740 since 18 November 2024 and is currently priced at $994,535. This property was built in 2022. 20 Melrose Terrace Unit 605 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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