$1,370,000
SOLD NOV 19, 2024 RENTED JUL 21, 2025

The Lofts Pier Village 30 Melrose Terrace Unit 605 Long Branch, NJ 07740

2 Beds
2 Baths
-- Sq Ft
$1,189/mo HOA Fee

Recently Sold

7% Below List Price

12 Days on Market

Highlights

  • Ocean View
  • Heated Pool
  • Engineered Wood Flooring
  • Fitness Center
  • Waterfront
  • Marble Bathroom Countertops

About This Home

As of November 2024

OCEANVIEW PENTHOUSE W/ TWO BALCONIES. *Unprecedented 26-Year Tax Abatement* =<$6K annual taxes! Enjoy luxury living in this highly-coveted, 2 bedroom, 2 bath beach getaway with designer finishes & upgrades throughout. Bright & sun-filled thanks to the top floor location, continuous floor-to-ceiling windows & dramatic 12-foot ceilings, 30 Melrose 605 is wonderfully positioned within Extell's Lofts @ Pier Village resort-like condo complex w/ 24-hour concierge. Seamlessly designed for indoor/outdoor entertaining, capture BOTH epic sunsets & serene ocean views from your 2 private terraces. Enjoy an inviting, beachy palette & designer finishes throughout: Waterworks fixtures, Ann Sacks tile, Miele appliances, motorized.. shades, custom closets & an exquisite chandelier. Surrounded by lush landscaping, relax at the award-winning amenity deck w/ pool & towel service, lounge area w/ fire pits, grills, outdoor TV & bocce court. Additional indoor luxuries: fitness center w/ yoga + massage room, resident's lounge w/ catering kitchen, children's playroom, pet-washing station & package reception + refrigerated storage. BONUS: option to purchase fully-furnished. All you need to do is unpack! Stroll or bike the boardwalk in your backyard + explore neighboring Asbury Park, Deal, Sea Bright & Red Bank. Close to NY by fast ferry, train or car, conveniently surrounded by restaurants, bars, parks & shopping, join this active community just in time for (endless) summer! Inquire for a private sunset showing.

Last Agent to Sell the Property

David Ten Hoeve

Keller Williams Realty Central Monmouth License #0901340 Listed on: 10/10/2024

Keller Williams Realty Central Monmouth

Last Buyer's Agent

NON MEMBER MORR

NON MEMBER

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,589

HOA Fees

  • $1,189 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Flat Roof Shape

Interior Spaces

  • 1-Story Property
  • Ceiling height of 9 feet on the main level
  • Sliding Doors
  • Engineered Wood Flooring

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Marble Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Pool

  • Heated Pool
  • Outdoor Pool

Schools

  • Long Branch Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Waterfront
  • Upper Level

Listing and Financial Details

  • Exclusions: All personal items.
  • Assessor Parcel Number 27-00222-0000-00001-01-C0081

Community Details

Overview

  • Association fees include trash, common area, exterior maint, pool
  • Lofts@Pier Village Subdivision
  • On-Site Maintenance

Amenities

  • Common Area
  • Community Center
  • Recreation Room
  • Laundry Facilities

Recreation

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,589

Lot Details

0

HOA Fees

$1,189 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • ResoPoolFeatures: Common, Heated
  • Reso Association Amenities: Professional Management, Controlled Access, Common Laundry, Association, Exercise Room, Community Room, Pool, Common Area
  • Reso Association Fee Includes: Trash, Common Area, Exterior Maint, Pool
  • Inclusions: Washer, Dishwasher, Dryer, Microwave, Refrigerator
  • Subdivision Name: Lofts@Pier Village
  • Architectural Style: Upper Level, Condo
  • Reso Flooring: Wood, Other
  • Reso Interior Features: Balcony, Ceilings - 9Ft+ 1st Flr, Sliding Door, Breakfast Bar
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info # Parking Spaces2: 1.0
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • Interior Sliding Door: Yes
  • Living Room Floor - Engineered: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Quartz: Yes
  • Exterior Balcony2: Yes
  • Common Elements Common Area: Yes
  • Common Elements Community Room: Yes
  • Common Elements Controlled Access2: Yes
  • Common Elements Exercise Room: Yes
  • Common Elements Pool4: Yes
  • Pool Common2: Yes
  • Pool Heated3: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Exterior Maint: Yes
  • Fee Includes Pool3: Yes
  • General Property Info Acreage: 0.26
  • Location Middle School: Long Branch
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Balcony: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Kitchen Breakfast Cntr: Yes
  • Kitchen Floor - Wood4: Yes
  • Common Elements Common Laundry: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Stories: 1
  • Basement:None2: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bath Double Sinks: Yes
  • Primary Bath Marble7: Yes

Exterior Features

  • Roof: Flat
  • Acres: 0.26
  • Waterfront Features: Oceanview
  • Waterfront: Yes
  • Exclusions: All personal items.
  • Exterior Features: Balcony
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Fee: 1189.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Trash: Yes

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Size Sq Ft: 11325.6
  • Parcel #: 27-00222-0000-00001-01-C0081

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5589.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2024
Closed on
Nov 18, 2024
Sold by
503 Lofts Llc and 605 Lofts Llc
Bought by
Nijhawan Parveen and Nijhawan Rishi
Seller's Agent
David Ten Hoeve
Keller Williams Realty Central Monmouth
Buyer's Agent
NON MEMBER MORR
NON MEMBER
List Price
$1,474,910
Sold Price
$1,370,000
Premium/Discount to List
-$104,910
-7.11%
Views
7
Current Estimated Value
$961,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$408,852
Avg. Annual Appreciation
-43.54%

Purchase Details

Closed on
Dec 29, 2020
Sold by
Pier Village Iii Urban Renewal Co Llc
Bought by
Markowitz Linda W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$798,201
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2020
Sold by
Pier Village Iii Urban Renewal Company L
Bought by
Markowitz Linda W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$798,201
Interest Rate
2.5%
Mortgage Type
New Conventional
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 $1,370,000 Majestic Title
Deed $1,370,000 Majestic Title
Deed $999,000 Title Link Llc
Deed $999,000 Title Links
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $798,201 New Conventional
Previous Owner $798,201 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 Under Contract -- -- --
07/09/2025 07/09/25 Price Changed $17,000 -5.6% --
05/30/2025 05/30/25 For Rent $18,000 0.0% --
11/19/2024 11/19/24 Sold $1,370,000 -7.1% --
10/23/2024 10/23/24 Pending -- -- --
10/10/2024 10/10/24 For Sale $1,474,910 -- --
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 $480 $30,900 $30,900 $0
2023 $480 $30,900 $30,900 $0
2022 $618 $30,900 $30,900 $0
2021 $618 $30,900 $30,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22429175

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00222-0000-00001-01-C0081