27 Spring St Freehold, NJ 07728
Estimated payment $6,309/month
Highlights
- Popular Property
- Cooling Available
- Hot Water Heating System
- Freehold Borough High School Rated A-
About This Home
Exceptional investment opportunity in the heart of Freehold! This distinctive Victorian three-family property blends historic character with modern upgrades, offering strong, reliable income just steps from downtown shopping, dining, and schools.The property features three fully leased units with a solid rental history: two 1-bedroom, 1-bath apartments on the first and second floors, plus a spacious 3-bedroom, 1.5-bath residence spanning two levels. Each unit has their own private entrance and is equipped with its own washer and dryer, providing added convenience for tenants. Recent improvements enhance both value and appeal, including two beautifully remodeled kitchens with Corian countertops and stainless steel appliances, updated flooring, and a designer-renovated bathroom in the - largest unit. The entire home has been professionally painted, and exterior upgrades include refreshed landscaping and new lighting surrounding the private, paved parking area behind the home. Meticulously maintained by the current owner, this property preserves its original Victorian elegance -- from wide plank floors , soaring ceilings to intricate millwork and classic architectural details -- while delivering the modern updates today's tenants appreciate. A rare opportunity to own a turn-key, income-producing property in a prime location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,941
Year Built
- Built in 1905
Home Design
- Triplex
- Shingle Roof
Interior Spaces
- 2,680 Sq Ft Home
- 2-Story Property
- Partial Basement
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Dryer
- Washer
Parking
- No Garage
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Exterior Lighting
Schools
- Freehold Middle School
Utilities
- Cooling Available
- Hot Water Heating System
- Natural Gas Water Heater
Community Details
- 3 Units
Listing and Financial Details
- The owner pays for water, snow removal
- Assessor Parcel Number 16-00043-0000-00011
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $14,623 | $695,300 | $222,700 | $472,600 |
| 2024 | $14,801 | $728,600 | $264,700 | $463,900 |
| 2023 | $14,801 | $705,800 | $252,700 | $453,100 |
| 2022 | $10,067 | $559,000 | $146,500 | $412,500 |
| 2021 | $10,067 | $383,800 | $122,100 | $261,700 |
| 2020 | $9,895 | $371,700 | $122,100 | $249,600 |
| 2019 | $9,649 | $364,100 | $122,100 | $242,000 |
| 2018 | $9,713 | $359,600 | $122,100 | $237,500 |
| 2017 | $9,668 | $356,500 | $122,100 | $234,400 |
| 2016 | $9,502 | $357,900 | $150,500 | $207,400 |
| 2015 | $9,145 | $360,900 | $153,500 | $207,400 |
| 2014 | $8,730 | $360,900 | $153,500 | $207,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/18/2026 02/18/26 | For Sale | $999,000 | +53.7% | $373 / Sq Ft | |
| 02/09/2024 02/09/24 | Sold | $650,000 | -12.0% | $243 / Sq Ft | View Prior Sale |
| 01/04/2024 01/04/24 | Pending | -- | -- | -- | |
| 01/04/2024 01/04/24 | For Sale | $739,000 | 0.0% | $276 / Sq Ft | |
| 12/17/2023 12/17/23 | Off Market | $739,000 | -- | -- | |
| 12/14/2023 12/14/23 | For Sale | $739,000 | 0.0% | $276 / Sq Ft | |
| 12/01/2023 12/01/23 | Pending | -- | -- | -- | |
| 11/15/2023 11/15/23 | For Sale | $739,000 | +30.8% | $276 / Sq Ft | |
| 07/30/2021 07/30/21 | Sold | $565,000 | -- | $211 / Sq Ft | View Prior Sale |
| 04/06/2021 04/06/21 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $650,000 | Prestige Title | |
| Deed | $650,000 | Prestige Title | |
| Deed | $565,000 | None Available | |
| Deed | $470,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $487,500 | New Conventional | |
| Closed | $487,500 | New Conventional | |
| Previous Owner | $423,750 | New Conventional | |
| Previous Owner | $376,000 | Adjustable Rate Mortgage/ARM |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22604312
APN: 16-00043-0000-00011
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Information is deemed reliable but not guaranteed.
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