NOT LISTED FOR SALE

231 N 5th Ave Long Branch, NJ 07740

Estimated Value: $634,760 - $701,000

6 Beds
3 Baths
1,792 Sq Ft
$371/Sq Ft Est. Value

Last Sold April 01, 2015

Last sale price $300,000 $167 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $4,380/month

102 Days on Market

Highlights

  • Wood Flooring
  • Screened Porch
  • Patio
  • Attic
  • Thermal Windows
  • Shed

About This Home

As of April 2015

LOVELY 2 FAMILY HOME WITH SEPARATE ENTRANCES. FIRST FLOOR HAS 3 BR'S + FINISHED BASEMENT WITH 2 ADDITIONAL ROOMS COMPLETE W/FULL BATH + WET BAR. SECOND FLOOR HAS 3 BR'S. ALL SEPARATE UTILITIES EXCEPT SEWER. TENANTS IN BOTH UNITS ARE MONTH TO MONTH. LIVE IN ONE UNIT + LET 2ND UNIT HELP PAY YOUR MORTGAGE OR PERFECT INVESTMENT PROPERTY WITH POTENTIAL FOR HIGHER INCOME. BASEMENT HAS ELECTRIC HEAT. ROOF APPROX. 9 YRS. TWO NEW LENOX A/C UNITS + SO MUCH MORE. THIS ONE IS A GEM! NO C/A IN BASEMENT ROOMS. PLENTY OF OFF STREET PARKING.

Last Agent to Sell the Property

Margaret Camassa

Camassa Agency Inc License #9132049 Listed on: 10/20/2014

Last Buyer's Agent

Margaret Camassa

Camassa Agency Inc License #9132049 Listed on: 10/20/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,266

Year Built

  • 1973

Lot Details

  • Lot Dimensions are 50x140
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Thermal Windows
  • Window Screens
  • Screened Porch
  • Stove
  • Attic

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Paved Parking
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Exterior Lighting
  • Shed

Schools

  • Long Branch Middle School
  • Long Branch High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for hot water, yard maintenance, water, snow removal, heat, gas, electricity
  • The owner pays for sewer
  • Assessor Parcel Number 00321000000027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,266

Year Built

1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Reso Flooring: Wood, Ceramic Tile
  • Reso Interior Features: Attic, Cable TV
  • New Construction: No
  • 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
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 50X140
  • Location Middle School: Long Branch
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • SidingAluminum: Yes
  • Interior Attic: Yes
  • Exterior Thermal Window: Yes
  • Basement Heated: Yes
  • Exterior Porch - Screened: Yes
  • Exterior Shed3: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Exterior Screens2: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None
  • Year Built: 1973

Interior Features

  • Basement: Walk-Out Access, Full Finished, Heated
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Stories: 2
  • Basement:Walk-Out Access: Yes
  • Features Interior:Cable TV: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Construction Type: Aluminum Siding
  • Exterior Features: Patio, Porch - Screened, Thermal Window, Screens, Lighting

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, Off Street, On Street
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking:Paved2: Yes

Utilities

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

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 50X140
  • Parcel #: 00321000000027
  • Zoning Description: Single Family, Residential, Multi-Family, Mixed

Rental Info

  • Tenant Pays: Hot Water, Yard Maintenance, Water, Snow Removal, Heat, Gas, Electricity
  • Owner Pays: Sewer

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 4266.0
  • Tax Other Annual Assessment Amount: 201900.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Long Branch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2014
Closed on
Apr 1, 2015
Sold by
Mondello Anthony
Bought by
Mg Kelly Builder Llc
Seller's Agent
Margaret Camassa
Camassa Agency Inc
Buyer's Agent
Margaret Camassa
Camassa Agency Inc
Sold Price
$300,000
Total Days on Market
102
Current Estimated Value
$665,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,690
Avg. Annual Appreciation
8.14%
Original Mortgage
$240,000
Interest Rate
3.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 12, 1999
Sold by
Pereira Manuel
Bought by
Rios Gerson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,920
Interest Rate
6.78%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Mg Kelly Builder Llc $300,000 Agent For Westcor Land Title
Rios Gerson $126,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mg Kelly Builder Llc $240,000
Previous Owner Mondello Anthony $256,850
Previous Owner Rios Gerson $125,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2015 04/01/15 Sold $300,000 -- $167 / 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 $7,720 $551,700 $230,900 $320,800
2023 $7,720 $497,100 $190,900 $306,200
2022 $6,653 $408,000 $138,300 $269,700
2021 $6,653 $332,500 $103,300 $229,200
2020 $6,650 $318,200 $90,300 $227,900
2019 $6,382 $303,600 $86,300 $217,300
2018 $6,207 $293,600 $84,300 $209,300
2017 $5,624 $272,900 $82,300 $190,600
2016 $5,639 $279,000 $93,300 $185,700
2015 $4,494 $201,800 $61,000 $140,800
2014 $4,266 $201,900 $76,900 $125,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21441752

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00321-0000-00027