$787,500
SOLD MAR 17, 2025

285 Bay Ave Highlands, NJ 07732

5 Beds
3 Baths
1,824 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$432 Per Sq Ft

18% Below List Price

66 Days on Market

Highlights

  • Corner Lot
  • Oversized Parking
  • Ceramic Tile Flooring
  • 1.5 Car Detached Garage
  • Multiple cooling system units
  • 2-minute walk to Huddy Park

About This Home

As of March 2025

2 one bedroom units and 1, three bedroom unit. Detached 1.5 garage. All recently renovated. New boiler. Short walk to the beach. Truly a cash cow!

Last Agent to Sell the Property

David Sgalambro

Melrose Realty, LLC License #1005279 Listed on: 11/19/2024

Last Buyer's Agent

Jamie Arcykiewicz

EXP Realty License #1974879

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,948

Year Built

  • Built in 1933

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25 x 100
  • Corner Lot
  • Level Lot

Parking

  • 1.5 Car Detached Garage
  • Oversized Parking
  • On-Street Parking

Home Design

  • Triplex
  • Flat Roof Shape
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Crawl Space

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Schools

  • Highlands Elementary School
  • Henry Hudson Reg Middle School

Utilities

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

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for hot water, water, sewer, heat, gas, electricity
  • Assessor Parcel Number 19-00081-0000-00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,948

Year Built

Built in 1933

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Corner Lot, Level
  • Subdivision Name: None
  • Reso Flooring: Laminate, Ceramic Tile
  • New Construction: No
  • Year Built: 1933
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 25 x 100
  • Location Middle School: Henry Hudson Reg
  • Lot Description Corner Lot: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • Garage Oversized: Yes
  • Cooling Multi Units: Yes
  • Siding Stucco - Cement: Yes
  • Floors Laminate2: Yes
  • Cooling Single Zone Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Flat
  • Acres: 0.06
  • Waterfront: No
  • Construction Type: Stucco
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.5
  • Parking Features: On Street, Detached, Oversized
  • General Property Info:Garage: Yes
  • Parking:On Street: Yes
  • Parking Features:Garage Detached: Yes

Utilities

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

Schools

  • Middle Or Junior School: Henry Hudson Reg

Lot Info

  • Lot Dimensions: 25 x 100
  • Lot Size Sq Ft: 2613.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 19-00081-0000-00001
  • Zoning Description: Central Business

Rental Info

  • Owner Pays: Hot Water, Water, Sewer, Heat, Gas, Electricity

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7948.0
  • Tax Other Annual Assessment Amount: 418900.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Highlands

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2024
Closed on
Mar 19, 2025
Sold by
Sgalambro David and Sgalambro Melanie
Bought by
Fister Killian and Londagin Saxon
Seller's Agent
David Sgalambro
Melrose Realty, LLC
Buyer's Agent
Jamie Arcykiewicz
EXP Realty
List Price
$965,000
Sold Price
$787,500
Premium/Discount to List
-$177,500
-18.39%
Views
56
Current Estimated Value
$750,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,981
Avg. Annual Appreciation
-5.77%
Original Mortgage
$703,800
Outstanding Balance
$700,212
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$50,307

Purchase Details

Closed on
May 27, 2021
Sold by
Kenny Paul
Bought by
Sgalambro David and Sgalambro Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
2.95%

Purchase Details

Closed on
Mar 30, 1999
Sold by
Maggi John
Bought by
Kenny Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.95%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $787,500 Worldwide Title
Deed $787,500 Worldwide Title
Deed $360,000 --
Deed $137,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $703,800 New Conventional
Closed $703,800 New Conventional
Previous Owner -- No Value Available
Previous Owner $100,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2025 03/17/25 Sold $787,500 -5.7% $432 / Sq Ft
01/24/2025 01/24/25 Pending -- -- --
01/21/2025 01/21/25 Price Changed $835,000 -1.2% $458 / Sq Ft
01/16/2025 01/16/25 Price Changed $845,000 -0.6% $463 / Sq Ft
01/09/2025 01/09/25 Price Changed $849,900 -1.7% $466 / Sq Ft
12/28/2024 12/28/24 Price Changed $865,000 -3.4% $474 / Sq Ft
12/28/2024 12/28/24 Price Changed $895,000 -0.2% $491 / Sq Ft
12/24/2024 12/24/24 Price Changed $897,000 -0.1% $492 / Sq Ft
12/22/2024 12/22/24 Price Changed $897,500 -0.2% $492 / Sq Ft
12/18/2024 12/18/24 Price Changed $898,999 -0.1% $493 / Sq Ft
12/06/2024 12/06/24 Price Changed $899,999 -3.7% $493 / Sq Ft
12/04/2024 12/04/24 Price Changed $935,000 -3.1% $513 / Sq Ft
11/19/2024 11/19/24 For Sale $965,000 -- $529 / 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 $8,294 $514,700 $210,600 $304,100
2024 $7,948 $418,900 $120,300 $298,600
2023 $7,948 $396,200 $104,600 $291,600
2022 $7,927 $357,400 $79,800 $277,600
2021 $7,927 $319,500 $72,600 $246,900
2020 $7,800 $314,000 $72,600 $241,400
2019 $6,983 $247,200 $36,600 $210,600
2018 $6,795 $242,500 $52,800 $189,700
2017 $6,819 $242,500 $52,800 $189,700
2016 $6,710 $242,500 $52,800 $189,700
2015 $6,722 $240,500 $52,800 $187,700
2014 $6,632 $194,300 $74,300 $120,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22433239

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 19-00081-0000-00001