$499,000
SOLD JUL 1, 2025

259 Matawan Ave Matawan, NJ 07747

3 Beds
2 Baths
2,288 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$218 Per Sq Ft

13 Days on Market

About This Home

As of July 2025

Attention Commuters, Investors, and First-Time Homebuyers! This legal two-family home is a hidden gem, offering endless potential in a prime location! Perfectly situated close to the Garden State Parkway and Matawan Train Station. Bring your architect and imagination, as this home is ready for transformation! The downstairs features three spacious bedrooms, a full bath, a cozy living room, and an eat-in kitchen. Upstairs, the space has been gutted to the studs, providing a blank canvas to create your dream layout. Whether you're looking to invest, renovate, or design your own living space, the possibilities are limitless. Don't miss the chance to make this house your own - it's a diamond in the rough waiting for the right touch

Last Agent to Sell the Property

Tim Shaak

Folk Agency License #0338388 Listed on: 03/19/2025

Last Buyer's Agent

Kyle Golden

C21 Thomson & Co. License #1646836

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,300

Year Built

  • Built in 1950

Home Design

  • Duplex

Interior Spaces

  • 2,288 Sq Ft Home
  • 2-Story Property
  • Partial Basement
  • Stove

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Matawan Avenue Middle School

Utilities

  • Cooling Available
  • Furnace
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 31-00096-0000-00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,300

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1950
  • 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: Matawan Avenue
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Unit 1 Electric Meter: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Special Features: None

Interior Features

  • Basement: Partial
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2
  • Basement:Partial: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

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

Utilities

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

Schools

  • Middle Or Junior School: Matawan Avenue

Lot Info

  • Parcel #: 31-00096-0000-00002

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11300.0
  • Tax Other Annual Assessment Amount: 491400.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2025
Closed on
Jul 3, 2025
Sold by
Knapp Kenneth H and Lackey Kenneth J
Bought by
259 Matawan Investments Llc
Seller's Agent
Tim Shaak
Folk Agency
Buyer's Agent
Kyle Golden
C21 Thomson & Co.
List Price
$499,000
Sold Price
$499,000
Views
97

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.01%

Purchase Details

Closed on
Jan 30, 2025
Sold by
Stryker Roger J
Bought by
Lackey Kenneth J and Knapp Kenneth H

Purchase Details

Closed on
Apr 22, 2008
Sold by
Reid Joseph and Reid Maren M
Bought by
Stryker Roger J and Knapp Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Deed $499,000 Chicago Title
Deed $15,000 None Listed On Document
Deed $15,000 None Listed On Document
Deed $345,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $276,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 For Rent $3,200 0.0% --
07/01/2025 07/01/25 Sold $499,000 0.0% $218 / Sq Ft
04/01/2025 04/01/25 Pending -- -- --
03/03/2025 03/03/25 For Sale $499,000 -- $218 / 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 $10,437 $491,400 $273,600 $217,800
2023 $10,437 $480,100 $264,600 $215,500
2022 $9,556 $399,700 $194,400 $205,300
2021 $7,107 $351,700 $164,700 $187,000
2020 $9,316 $340,500 $155,700 $184,800
2019 $9,072 $332,300 $152,100 $180,200
2018 $9,033 $325,500 $147,600 $177,900
2017 $8,814 $313,100 $138,600 $174,500
2016 $8,442 $306,300 $134,100 $172,200
2015 $7,647 $279,600 $120,600 $159,000
2014 $7,644 $280,500 $116,100 $164,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22507649

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 31-00096-0000-00002