NOT LISTED FOR SALE

270 Cleveland Ave Long Branch, NJ 07740

Estimated Value: $839,000 - $1,025,411

5 Beds
4 Baths
2,768 Sq Ft
$345/Sq Ft Est. Value

Last Sold August 16, 2021

Last sale price $630,000 $228 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $6,223/month

107 Days on Market

Highlights

  • 0.33 Acre Lot
  • 1 Fireplace
  • Storm Windows
  • Wood Flooring
  • Thermal Windows
  • Patio

About This Home

As of August 2021

Great opportunity! This 3 family is in a desirable location close to train station, hospital and schools. All units occupied, tenants on a month to month. The larger 3 bedroom, 2 bath unit has been freshly painted and updated. All units in excellent condition with upgraded electric and separate meters. Each have washer and dryer. Full basement under entire home separated for private entrance for larger unit, with great space for family living and easy shared entrance for apartments 2 and 3. Great for storage. Parking on street plus 2 spaces in rear with large yard ideal for adding additional. This is a legal 3 family as determined by zoning office.

Last Agent to Sell the Property

Annamaria Silvestri

Brokers 3 Realtors License #0786068 Listed on: 05/13/2021

Co-Listed By

Judy Martinelly

Brokers 3 Realtors License #7939501

Last Buyer's Agent

Michael Silva

Nest Seekers New Jersey, LLC License #1971813

Nest Seekers New Jersey, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,392

Year Built

  • Built in 1942

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 78 x 185
  • Level Lot

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • 1 Fireplace
  • Thermal Windows
  • Window Screens
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 2 Parking Spaces
  • No Garage
  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Patio
  • Exterior Lighting

Schools

  • Long Branch Middle School
  • Long Branch High School

Utilities

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

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Tenant's possessions
  • Tenant pays for hot water, heat, gas, electricity
  • The owner pays for yard maintenance, water, snow removal, sewer
  • Assessor Parcel Number 27-00186-0000-00013-03

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,392

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Level
  • Co List Office Mls Id: 248
  • Co List Office Phone: 732-741-8600
  • Subdivision Name: None
  • Reso Flooring: Wood, Laminate, Ceramic Tile
  • Year Built: 1942
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 78 x 185
  • Location Middle School: Long Branch
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Exterior Storm Window: Yes
  • General Property Info # Fireplaces: 1.0
  • Exterior Thermal Window: Yes
  • Garage None4: Yes
  • Exterior Storm Door(s): Yes
  • Cooling Multi Units: Yes
  • General Property Info # Parking Spaces: 2.0
  • Unit 1 Electric Meter: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dryer2: Yes
  • Floors Laminate2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Exterior Screens2: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 AC Unit3: Yes
  • Unit 3 Water Heater3: Yes
  • Unit 3 Dryer4: Yes
  • Unit 3 Washer4: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Stories: 1
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.33
  • Waterfront: No
  • Exclusions: Tenant's possessions
  • Exterior Features: Patio, Storm Door(s), Storm Window, Thermal Window, Screens, Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, On Street, None
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: No
  • Parking:On Street: Yes
  • Parking:Paved2: Yes

Utilities

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

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 78 x 185
  • Lot Size Sq Ft: 14374.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00186-0000-00013-03
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Heat, Gas, Electricity
  • Owner Pays: Yard Maintenance, Water, Snow Removal, Sewer

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 9392.4
  • Tax Other Annual Assessment Amount: 497100.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • High School: Long Branch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2021
Closed on
Aug 13, 2021
Sold by
Bajajet Llc
Bought by
Deresende Flavio A and Resende Zaine
Seller's Agent
Annamaria Silvestri
Brokers 3 Realtors
Buyer's Agent
Michael Silva
Nest Seekers New Jersey, LLC
List Price
$619,000
Sold Price
$630,000
Premium/Discount to List
$11,000
1.78%
Total Days on Market
107
Current Estimated Value
$955,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,603
Avg. Annual Appreciation
11.52%
Original Mortgage
$565,704
Outstanding Balance
$519,216
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$436,387

Purchase Details

Listed on
Aug 7, 2019
Closed on
Oct 28, 2019
Sold by
Murphy Marie and Walker Patricia B
Bought by
Bajaet Llc
Seller's Agent
Judy Martinelly
Brokers 3 Realtors
Buyer's Agent
Judy Martinelly
Brokers 3 Realtors
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.70%
Original Mortgage
$325,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2019
Sold by
Murphy Marie and Walker Patricia B
Bought by
Murphy Marie and Walker Patricia B
Source: Public Records

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Range of Values:

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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
Deresende Flavio A $630,000 Coastal Title Agency
Bajaet Llc $500,000 Foundation Ttl Llc Eatontown
Murphy Marie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deresende Flavio A $565,704
Previous Owner Bajajet Llc $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2021 08/16/21 Sold $630,000 +1.8% $228 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $619,000 0.0% $224 / Sq Ft
04/14/2021 04/14/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $619,000 +23.8% $224 / Sq Ft
10/28/2019 10/28/19 Sold $500,000 -- $181 / 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 $10,565 $753,700 $239,900 $513,800
2023 $10,565 $680,300 $189,900 $490,400
2022 $9,947 $620,000 $129,900 $490,100
2021 $9,947 $497,100 $109,900 $387,200
2020 $9,392 $449,400 $98,900 $350,500
2019 $9,680 $460,500 $99,900 $360,600
2018 $9,456 $447,300 $99,900 $347,400
2017 $9,083 $440,700 $99,900 $340,800
2016 $8,830 $436,900 $104,900 $332,000
2015 $8,703 $402,000 $111,900 $290,100
2014 $7,815 $381,700 $124,300 $257,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22108509

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00186-0000-00013-03