$983,500
SOLD MAY 9, 2025

282 Van Pelt Place Long Branch, NJ 07740

6 Beds
3 Baths
1,872 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$525 Per Sq Ft

21% Below List Price

26 Days on Market

About This Home

As of May 2025

Two Buildings, three income properties near the Beach. Discover this incredible investment opportunity situated on a quiet dead end street, two blocks from the beach, minutes from Pier Village, Monmouth Medical Center, Long Branch Train Station & NYC High Speed Ferry. Unit 1 is the Main Home w/ 2 bedrooms, a bath, kitchen, laundry area in basement & Private entrance. Unit 2 is a two bedroom apartment above the Main Home with a private entrance.Unit 3 is a ranch home w/ two bedrooms, a bath, spacious kitchen, bright family room & laundry area.The property grounds is a perfect spot for entertaining including a patio and parking. Whether you choose to keep it as a rental or convert the Main Home to a single-family while renting out the Ranch Home makes this a rare find. Don't delay, schedule your viewing today.

Last Agent to Sell the Property

Joseph Keip

G & G Agency Inc License #1971665 Listed on: 02/07/2025

Last Buyer's Agent

Lillian LoRusso

Robert DeFalco Realty Inc. License #1430252

Robert DeFalco Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,104

Year Built

  • Built in 1907

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Parking

  • 4 Parking Spaces

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Schools

  • Long Branch Middle School
  • Long Branch High School

Utilities

  • Air Conditioning
  • Heating System Uses Natural Gas
  • Furnace
  • Baseboard Heating
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Additional Features

  • Washer and Dryer Hookup
  • Basement Fills Entire Space Under The House

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Tenants property
  • Assessor Parcel Number 27-00213-0000-00015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,104

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1907
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • Location Middle School: Long Branch
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info # Parking Spaces: 4.0
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 AC Unit3: Yes
  • Unit 3 Dryer Hookup: Yes
  • Unit 3 Washer Hookup: Yes
  • Unit 3 Water Heater3: Yes
  • Unit 3 Water Meter: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Full Basement: Yes

Exterior Features

  • Acres: 0.17
  • Waterfront: No
  • Exclusions: Tenants property

Garage/Parking

  • Garage: No
  • Total Parking Spaces: 4.0
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Baseboard: Yes

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00213-0000-00015
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10104.0
  • Tax Other Annual Assessment Amount: 657400.0

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
Feb 7, 2025
Closed on
May 8, 2025
Sold by
Mikolon Patricia
Bought by
Devaney Aiden
Seller's Agent
Joseph Keip
G & G Agency Inc
Buyer's Agent
Lillian LoRusso
Robert DeFalco Realty Inc.
List Price
$1,250,000
Sold Price
$983,500
Premium/Discount to List
-$266,500
-21.32%
Views
20
Current Estimated Value
$1,018,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,172
Avg. Annual Appreciation
125.46%

Purchase Details

Closed on
Nov 9, 2005
Sold by
Annitto Frederick E
Bought by
Mikolon Robert L and Mikolon Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.06%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Deed $983,500 Acres Land Title
Deed $983,500 Acres Land Title
Deed $270,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $170,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2025 05/09/25 Sold $983,500 -21.3% $525 / Sq Ft
03/05/2025 03/05/25 Pending -- -- --
02/07/2025 02/07/25 For Sale $1,250,000 -- $668 / 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 $9,548 $657,400 $158,400 $499,000
2023 $9,548 $614,800 $153,400 $461,400
2022 $9,427 $539,900 $133,400 $406,500
2021 $9,427 $471,100 $108,400 $362,700
2020 $9,386 $449,100 $88,400 $360,700
2019 $9,085 $432,200 $88,400 $343,800
2018 $8,870 $419,600 $88,400 $331,200
2017 $8,520 $413,400 $88,400 $325,000
2016 $8,185 $405,000 $88,400 $316,600
2015 $6,694 $300,600 $82,900 $217,700
2014 $6,259 $296,200 $103,000 $193,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22503400

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00213-0000-00015