NOT LISTED FOR SALE

247 Cedar Ave Unit COTTAGE Long Branch, NJ 07740

West End Neighborhood

Estimated Value: $2,953,000 - $3,196,000

3 Beds
2 Baths
9,041 Sq Ft
$340/Sq Ft Est. Value

About This Home

Come spend the summer in this 3 bedroom 1.5 bath cottage on The Cedars & Beeches property, a 19th century Victorian Mansion located just a few blocks to the beach, restaurants and Monmouth University. Located in the heart of the very popular West End section of town. Close to Monmouth Medical center, Pier Village and houses of worship. Only an hour by train or ferry from NYC, 45 minutes to Newark Airport. Easy access from all highways including the Garden State Parkway exit 105. Can be rented for the entire summer, per month, weekly or short term.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2023
Sold by
Cedars & Beeches Llc
Bought by
Cedars And Beaches Llc
Current Estimated Value
$3,074,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,520,000
Outstanding Balance
$2,471,822
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$602,678

Purchase Details

Closed on
Sep 22, 1997
Sold by
Thomas Arnold Llc
Bought by
Cedar & Beeches Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 14, 1997
Sold by
Charella David
Bought by
Arnold Thomas
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cedars And Beaches Llc $3,150,000 Westcor Land Title
Cedar & Beeches Llc $600,000 --
Arnold Thomas $240,000 --
Thomas Arnold Llc $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cedars And Beaches Llc $2,520,000
Previous Owner Cedars And Beaches Llc $2,520,000
Previous Owner Cedar & Beeches Llc $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2023 07/26/23 Rented $10,000 0.0% --
07/03/2023 07/03/23 Under Contract -- -- --
06/20/2023 06/20/23 Price Changed $10,000 -66.7% --
05/15/2023 05/15/23 For Rent $30,000 -- --

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 $28,193 $2,550,000 $655,200 $1,894,800
2023 $28,193 $1,815,400 $385,000 $1,430,400
2022 $30,757 $1,650,400 $385,000 $1,265,400
2021 $30,757 $1,537,100 $385,000 $1,152,100
2020 $31,057 $1,486,000 $385,000 $1,101,000
2019 $31,049 $1,477,100 $385,000 $1,092,100
2018 $31,086 $1,470,500 $385,000 $1,085,500
2017 $29,806 $1,446,200 $364,000 $1,082,200
2016 $28,856 $1,427,800 $350,000 $1,077,800
2015 $29,969 $1,345,700 $284,400 $1,061,300
2014 $30,507 $1,443,800 $400,500 $1,043,300
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Chris Katz

    RE/MAX

  • R

    Buyer's Agent in 2023

    Rena Franco

    Avenue Realty NJ

    (732) 233-7253

    Section Image
See All Agents

Map

New Jersey Monmouth County Long Branch 07740 West End

247 Cedar Ave Unit COTTAGE, Long Branch, NJ

This home is located at 247 Cedar Ave Unit COTTAGE, Long Branch, NJ 07740 and is currently estimated at $3,074,500, approximately $340 per square foot. 247 Cedar Ave Unit COTTAGE is a home located in Monmouth County with nearby schools including Long Branch High School, Bet Yaakov of the Jersey Shore, 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.

Nearby Homes