$500,000
SOLD OCT 28, 2019

270 Cleveland Ave Long Branch, NJ 07740

5 Beds
4 Baths
2,768 Sq Ft
0.33 Acres

Recently Sold

$181 Per Sq Ft

21 Days on Market

Highlights

  • Wood Flooring
  • Thermal Windows
  • Patio
  • 1 Fireplace
  • Storm Windows
  • Multiple cooling system units

About This Home

As of August 2021

Great opportunity! This 3 family is in a desirable location close to train station, hospital and schools. The one bedroom units are presently leased with excellent tenants. The larger 3 bedroom, 2 bath unit is vacant and was always occupied by the owner. 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 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

Judy Martinelly

Brokers 3 Realtors License #7939501 Listed on: 08/07/2019

Last Buyer's Agent

Judy Martinelly

Brokers 3 Realtors License #7939501 Listed on: 08/07/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,456

Year Built

  • Built in 1942

Lot Details

  • 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

$9,456

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Level
  • 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
  • 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
  • Parcel #: 27-00186-0000-00013-03

Rental Info

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

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 9456.0
  • Tax Other Annual Assessment Amount: 460500.0

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%
Current Estimated Value
$925,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,100
Avg. Annual Appreciation
11.28%
Original Mortgage
$565,704
Outstanding Balance
$514,749
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$459,627

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

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 Type Sale Price Title Company
Deed $630,000 Coastal Title Agency
Deed $500,000 Foundation Ttl Llc Eatontown
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $565,704 FHA
Previous Owner $325,000 New Conventional
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
2025 $11,584 $833,900 $269,900 $564,000
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: 21932533

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00186-0000-00013-03