NOT LISTED FOR SALE

247 Cedar Ave Long Branch, NJ 07740

West End Neighborhood

Estimated Value: $2,955,000 - $3,292,000

-- Bed
-- Bath
-- Sq Ft
1.21 Acres

Last Sold October 11, 2023

Last sale price $3,150,000

Est. 1% decrease in value since last sale

Current estimated payment $19,799/month

593 Days on Market

About This Home

As of October 2023

Long Branch's only Bed and Breakfast 9,000 SF Hospitality Building. This 13 room 19th century Victorian Mansion with separate 1 bedroom apartment and detached 3 bedroom cottage house is Long Branch, NJ's only bed and breakfast 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. Keep as B&B and cottage or convert to Single family and guest cottage.

Last Agent to Sell the Property

Todd Katz

RE/MAX Synergy Listed on: 10/31/2021

Co-Listed By

Chris Katz

RE/MAX Synergy

Last Buyer's Agent

Chris Katz

RE/MAX Synergy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,193

Lot Details

  • 1.21

Schools

  • Long Branch Middle School

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 27-00099-0000-00005-01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,193

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • Co List Office Mls Id: 3092
  • Co List Office Phone: 732-795-9500
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Location Middle School: Long Branch
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Cooling Multi Units: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: Yes
  • BasementOther: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

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

Utilities

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

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Parcel #: 27-00099-0000-00005-01

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2021
Closed on
Oct 5, 2023
Sold by
Cedars & Beeches Llc
Bought by
Cedars And Beaches Llc
Seller's Agent
Todd Katz
RE/MAX Synergy
Buyer's Agent
Chris Katz
RE/MAX Synergy
List Price
$3,999,999
Sold Price
$3,150,000
Premium/Discount to List
-$849,999
-21.25%
Views
330
Current Estimated Value
$3,123,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,500
Avg. Annual Appreciation
-0.50%
Original Mortgage
$2,520,000
Outstanding Balance
$2,471,822
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$651,678

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:

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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
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
10/11/2023 10/11/23 Sold $3,150,000 -16.0% --
06/16/2023 06/16/23 Pending -- -- --
02/20/2023 02/20/23 Price Changed $3,750,000 -6.2% --
10/31/2021 10/31/21 For Sale $3,999,999 -- --
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 $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

  • T

    Seller's Agent in 2023

    Todd Katz

    RE/MAX

  • C

    Seller Co-Listing Agent in 2023

    Chris Katz

    RE/MAX

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22135459

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00099-0000-00005-01

New Jersey Monmouth County Long Branch 07740 West End

247 Cedar Ave, Long Branch, NJ

This home is located at 247 Cedar Ave, Long Branch, NJ 07740 since 31 October 2021 and is currently estimated at $3,123,500. 247 Cedar Ave 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.

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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