NOT LISTED FOR SALE

27 Spring St Freehold, NJ 07728

Estimated Value: $672,000 - $814,000

5 Beds
3.5 Baths
2,680 Sq Ft
$280/Sq Ft Est. Value

Last Sold February 09, 2024

Last sale price $650,000 $243 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,203/month

50 Days on Market

Highlights

  • Wooded Lot
  • Cooling Available
  • Wood Siding
  • Freehold Borough High School Rated A-
  • Zoned Heating

About This Home

As of February 2024

Income generator! This one of a kind Victorian 3-family home located within walking distance of Downtown Freehold shopping and schools is the investment you need. Two 1BR/1Ba units (first and second floors) and one 3BR/1.5Ba unit (two floors) all fully rented with long, consistent rental histories. Private, paved driveway to common parking behind the home. All units with washer/dryer. Carefully maintained by current landlord inside and out, the Victorian charm and character are still intact from the wide plank hardwood floors to the grandiose ceilings and oversized cove moulding and millwork throughout. This one won't last in this market!

Last Agent to Sell the Property

Jeffrey Lara

EXP Realty License #1645474 Listed on: 01/04/2024

EXP Realty

Last Buyer's Agent

Michelle Lorme

Keller Williams Realty East Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,176

Year Built

  • Built in 1905

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 100 x 185
  • Wooded Lot

Home Design

  • Triplex
  • Shingle Roof
  • Wood Roof
  • Wood Siding

Interior Spaces

  • 2,680 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Common or Shared Parking
  • Paved Parking
  • Off-Street Parking

Schools

  • Freehold L. C. Elementary School
  • Freehold Middle School
  • Freehold Regional High School

Utilities

  • Cooling Available
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Personal belongings
  • Tenant pays for gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 16-00043-0000-00011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,176

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Wooded
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1905
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 100 x 185
  • Location Middle School: Freehold
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Garage None4: Yes
  • Lot Description Wooded: Yes
  • Siding Wood2: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dryer2: Yes
  • Unit 3 Dryer4: Yes
  • Unit 3 Washer4: Yes
  • Heating 3 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle, Wood
  • Acres: 0.42
  • Waterfront: No
  • Exclusions: Personal belongings

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, Common, Off Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • GarageParking:Common: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Freehold

Lot Info

  • Lot Dimensions: 100 x 185
  • Lot Size Sq Ft: 18295.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 16-00043-0000-00011
  • Zoning Description: Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Gas, Electricity
  • Owner Pays: Water, Sewer

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 13176.0
  • Tax Other Annual Assessment Amount: 705800.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Freehold L. C.
  • High School: Freehold Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Feb 1, 2024
Sold by
27 Spring Street Realty Llc
Bought by
Wolf Marina
Seller's Agent
Jeffrey Lara
EXP Realty
Buyer's Agent
Michelle Lorme
Keller Williams Realty East Monmouth
List Price
$739,000
Sold Price
$650,000
Premium/Discount to List
-$89,000
-12.04%
Views
13
Current Estimated Value
$751,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,409
Avg. Annual Appreciation
9.07%
Original Mortgage
$487,500
Outstanding Balance
$478,965
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$272,444

Purchase Details

Listed on
Apr 6, 2021
Closed on
Jul 27, 2021
Sold by
Girandola Lisa and Girandola Neal
Bought by
27 Spring Street Realty Llc
Seller's Agent
David Ten Hoeve
Prive` Haus LLC
Buyer's Agent
Jeffrey Lara
Keller Williams Realty East Monmouth
Sold Price
$565,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%
Original Mortgage
$423,750
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2005
Sold by
Delhagen Wayne Michael
Bought by
Girandola Lisa and Girandola Neal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
6.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Wolf Marina $650,000 Prestige Title
Wolf Marina $650,000 Prestige Title
27 Spring Street Realty Llc $565,000 None Available
Girandola Lisa $470,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolf Marina $487,500
Closed Wolf Marina $487,500
Previous Owner 27 Spring Street Realty Llc $423,750
Previous Owner Girandola Lisa $376,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2024 02/09/24 Sold $650,000 -12.0% $243 / Sq Ft
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 -- -- --
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
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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22331686

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 16-00043-0000-00011