NOT LISTED FOR SALE

278 Morris Ave Long Branch, NJ 07740

Estimated Value: $705,000 - $733,000

5 Beds
2 Baths
1,944 Sq Ft
$368/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $550,000 $283 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,555/month

24 Days on Market

Highlights

  • Above Ground Pool
  • 1 Car Detached Garage
  • Multiple cooling system units
  • Deck

About This Home

As of December 2021

This property is a true gem! Two family house located in a fantastic neighborhood. A great investment opportunity! Next to the hospital, near the beach, and a short walk to Long Branch train station to NYC. Restaurants and shops are only steps away. Tankless hot water heater and furnace are only 5 years old.

Last Agent to Sell the Property

Sunny Lo

Berkshire Hathaway HomeServices Fox & Roach - Holmdel License #1431101 Listed on: 09/06/2021

Berkshire Hathaway HomeServices Fox & Roach - Holmdel

Last Buyer's Agent

Manuel Dominguez

RE/MAX Synergy License #2076047

RE/MAX Synergy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,812

Year Built

  • Built in 1907

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 40 x 177

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Above Ground Pool
  • Deck

Schools

  • Long Branch Middle School
  • Long Branch High School

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 27-00189-0000-00014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,812

Year Built

Built in 1907

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • ResoPoolFeatures: Above Ground
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1907
  • 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: 40 x 177
  • Location Middle School: Long Branch
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • ExteriorDeck: Yes
  • Cooling Multi Units: Yes
  • Special Features: None

Interior Features

  • Basement: Partial
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Basement:Partial: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.16
  • Waterfront: No
  • Exterior Features: Deck

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached
  • General Property Info:Garage: Yes
  • Parking Features:Garage Detached: Yes

Utilities

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

Association/Amenities

  • Association Amenities:Pool Above Ground: Yes

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 40 x 177
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00189-0000-00014
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5812.0
  • Tax Other Annual Assessment Amount: 290200.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Long Branch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2021
Closed on
Dec 9, 2021
Sold by
Wildman Ian M
Bought by
Reyes Gracia A and Reyes Salvador Brayan
Seller's Agent
Sunny Lo
Berkshire Hathaway HomeServices Fox & Roach - Holmdel
Buyer's Agent
Manuel Dominguez
RE/MAX Synergy
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$716,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,134
Avg. Annual Appreciation
7.73%
Original Mortgage
$540,038
Outstanding Balance
$497,582
Interest Rate
3.09%
Mortgage Type
FHA
Estimated Equity
$232,162

Purchase Details

Closed on
Oct 8, 1997
Sold by
Ventress Chester
Bought by
Wildman Ian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.46%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Reyes Gracia A $550,000 Mega Title Llc
Wildman Ian $88,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes Gracia A $540,038
Previous Owner Wildman Ian $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2021 12/10/21 Sold $550,000 0.0% $283 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
09/05/2021 09/05/21 For Sale $550,000 -- $283 / 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 $9,101 $657,800 $254,600 $403,200
2024 $8,394 $592,100 $224,600 $367,500
2023 $8,394 $540,500 $174,600 $365,900
2022 $5,807 $343,500 $117,200 $226,300
2021 $5,807 $290,200 $97,200 $193,000
2020 $5,812 $278,100 $86,200 $191,900
2019 $5,680 $270,200 $87,200 $183,000
2018 $5,570 $263,500 $87,200 $176,300
2017 $5,361 $260,100 $87,200 $172,900
2016 $5,269 $260,700 $92,200 $168,500
2015 $5,002 $224,600 $97,600 $127,000
2014 $4,701 $222,500 $109,800 $112,700
Source: Public Records

Agents Affiliated with this Home

  • Sunny Lo

    Seller's Agent in 2021

    Sunny Lo

    BHHS Fox & Roach

    (732) 788-5453

    6 in this area

    17 Total Sales

    Sunny Lo
    Section Image
  • Manuel Dominguez

    Buyer's Agent in 2021

    Manuel Dominguez

    RE/MAX

    (732) 795-9500

    4 in this area

    18 Total Sales

    Manuel Dominguez
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22129488

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00189-0000-00014

New Jersey Monmouth County Long Branch 07740

278 Morris Ave, Long Branch, NJ

This home is located at 278 Morris Ave, Long Branch, NJ 07740 since 06 September 2021 and is currently estimated at $716,134, approximately $368 per square foot. This property was built in 1907. 278 Morris Ave is a home located in Monmouth County with nearby schools including Long Branch High School, Holy Trinity School, and Ma'or Yeshiva High School for Boys.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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