NOT LISTED FOR SALE

Estimated Value: $532,850 - $569,000

5 Beds
2 Baths
1,799 Sq Ft
$305/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $399,000 $222 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,866/month

9 Days on Market

Highlights

  • Multiple cooling system units
  • Forced Air Heating System
  • 1-minute walk to Cedar Street Park
  • Ceramic Tile Flooring
  • Level Lot

About This Home

As of August 2021

Two Family Home 1 Block from the Bay. Walk to downtown, waterfront, fishing pier, Beach and Park. No flood insurance needed. Currently Occupied. 3 bedroom unit with newer kitchen and bath downstairs. 2 Bedroom with newer kitchen and bath upstairs. Each unit has small private backyard area. Offstreet parking for 1 large or two small vehicles. New Roof and new hot water heaters 2 years ago. Flat roof replaced 1 year ago.
Rents can definitely be higher on both units.

Last Listed By

Susan Montanti

Driftwood Real Estate Group License #9133471 Listed on: 06/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,794

Year Built

  • Built in 1909

Lot Details

  • 1,742 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

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

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • No Garage
  • Off-Street Parking

Schools

  • Central Elementary And Middle School
  • Keyport High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: tenants personal property
  • Tenant pays for hot water, water, sewer, heat, gas, electricity
  • Assessor Parcel Number 24-00136-0000-00039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,794

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Reso Flooring: Laminate, Ceramic Tile
  • Reso Interior Features: Attic - Other
  • New Construction: No
  • Year Built: 1909
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Location Middle School: Central
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Garage None4: Yes
  • Cooling Multi Units: Yes
  • General Property Info # Parking Spaces: 1.0
  • Unit 1 Electric Meter: Yes
  • Unit 2 Electric Meter2: Yes
  • Floors Laminate2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Full Finished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Acres: 0.04
  • Waterfront: No
  • Exclusions: tenants personal property
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, None
  • Total Parking Spaces: 1.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

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

Schools

  • Middle Or Junior School: Central

Lot Info

  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 24-00136-0000-00039
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 7794.0
  • Tax Other Annual Assessment Amount: 306500.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Central
  • High School: Keyport

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Oct 8, 2021
Sold by
M&I Management Llc
Bought by
251 Holdings Llc
Seller's Agent
Susan Montanti
Driftwood Real Estate Group
Buyer's Agent
Bobbi Lebbing
New Jersey Realty
List Price
$399,000
Sold Price
$399,000
Total Days on Market
9
Current Estimated Value
$548,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,463
Avg. Annual Appreciation
7.86%
Interest Rate
2.99%

Purchase Details

Listed on
Jun 9, 2021
Closed on
Aug 17, 2021
Sold by
M & I Management Llc
Bought by
251 Holdings Llc
Seller's Agent
Susan Montanti
Driftwood Real Estate Group
Buyer's Agent
Bobbi Lebbing
New Jersey Realty
List Price
$399,000
Sold Price
$399,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
2.99%

Purchase Details

Listed on
Nov 8, 2017
Closed on
Jun 18, 2018
Sold by
Us Bank Na
Bought by
M & I Management Llc
Seller's Agent
Ellen Silver
Striker Realty
Buyer's Agent
Peter Iskander
Engel & Volkers Hoboken
Sold Price
$179,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.40%

Purchase Details

Closed on
Jun 13, 2017
Sold by
Stern And Eisenberg Pc
Bought by
Umkb Bank National Association

Purchase Details

Closed on
Jun 29, 2007
Sold by
Martinez Rogelio
Bought by
Martinez Rogelio and Martines Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
8.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 2003
Sold by
Russo Sebastian
Bought by
Martinez Rogelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.8%
Mortgage Type
Commercial

Range of Values:

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Average Value
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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
251 Holdings Llc $399,000 Sage Title & Stlmt Svcs Llc
M & I Management Llc $179,000 Interstate 1St Title Agency
Umkb Bank National Association $1,000 None Available
Martinez Rogelio -- Chicago Title Insurance Co
Martinez Rogelio $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 251 Holdings Llc $319,200
Previous Owner M & I Managment Llc $259,000
Previous Owner M & I Management Llc $192,000
Previous Owner Martinez Rogelio $280,000
Previous Owner Martinez Rogelio A $270,000
Previous Owner Martinez Rogelio $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2021 08/18/21 Sold $399,000 0.0% $222 / Sq Ft
06/18/2021 06/18/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $399,000 +122.9% $222 / Sq Ft
07/10/2018 07/10/18 Sold $179,000 -- $99 / 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 $9,900 $435,700 $145,100 $290,600
2023 $9,900 $450,400 $131,900 $318,500
2022 $8,163 $391,500 $114,700 $276,800
2021 $8,163 $323,400 $99,800 $223,600
2020 $7,794 $306,500 $93,900 $212,600
2019 $7,198 $283,500 $90,400 $193,100
2018 $6,864 $264,000 $83,300 $180,700
2017 $6,877 $263,800 $85,400 $178,400
2016 $6,364 $246,200 $85,400 $160,800
2015 $6,209 $239,100 $80,400 $158,700
2014 $6,301 $245,000 $56,200 $188,800
Source: Public Records

Agents Affiliated with this Home

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Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22118312

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 24-00136-0000-00039