$612,800
SOLD JUN 9, 2025

315 Lorillard Ave Unit 311,313,315 Union Beach, NJ 07735

6 Beds
3.5 Baths
799 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$767 Per Sq Ft

9% Above List Price

21 Days on Market

Highlights

  • Cooling Available
  • Heating Available
  • 1-Story Property

About This Home

As of June 2025

THREE HOUSES! A Rare Investment Opportunity in Union Beach! Discover the potential of this one-of-a-kind multi-unit property in Union Beach. This unique offering includes three separate houses: a 1-bedroom, 1-bath; a 2-bedroom, 1-bath ; and a 3-bedroom, 1.5-bath. Currently generating over $2,000/month in income, this property is operating well below market value. With upgrades to the tenant-occupied homes and renovations to the vacant 3-bedroom home, the potential rental income could exceed $5,000/month. Whether you're an investor looking to maximize ROI or a savvy buyer seeking a value-add opportunity, this property offers endless possibilities. Located in sought-after Union Beach, this investment is sure to move quickly—don't miss your chance! Contact us today to schedule a showing

Last Agent to Sell the Property

Dennis Fotopoulos

Heritage House Sotheby's International Realty License #2297828 Listed on: 03/03/2025

Heritage House Sotheby's International Realty

Last Buyer's Agent

Kyle Golden

C21 Thomson & Co. License #1646836

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,477

Year Built

  • Built in 1940

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 100 x 100

Home Design

  • Triplex

Interior Spaces

  • 799 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 6 Bedrooms

Schools

  • Memorial Elementary And Middle School
  • Keyport High School

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Tenant's belongings
  • Assessor Parcel Number 50-00150-0000-00027-01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,477

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1940
  • Contract Info List PriceSqFt: 700.88
  • 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: 100 x 100
  • Location Middle School: Memorial
  • Water Heater Electric2: Yes
  • WaterSewer Public Water: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Stories: 1
  • Basement:Crawl Space: Yes

Exterior Features

  • Acres: 0.23
  • Waterfront: No
  • Exclusions: Tenant's belongings

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Electric: Yes

Schools

  • Middle Or Junior School: Memorial

Lot Info

  • Lot Dimensions: 100 x 100
  • Lot Size Sq Ft: 10018.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 50-00150-0000-00027-01

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9477.0
  • Tax Other Annual Assessment Amount: 459600.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Memorial
  • High School: Keyport

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2025
Sold by
Golden Gabrielle
Bought by
Golden Gabrielle and Golden Kyle
Current Estimated Value
$574,030

Purchase Details

Listed on
Mar 3, 2025
Closed on
May 30, 2025
Sold by
Kutschman Robert and Kutschman Susan Kimberly
Bought by
Golden Gabrielle
Seller's Agent
Dennis Fotopoulos
Heritage House Sotheby's International Realty
Buyer's Agent
Kyle Golden
C21 Thomson & Co.
List Price
$560,000
Sold Price
$612,800
Premium/Discount to List
$52,800
9.43%
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.60%
Original Mortgage
$582,160
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2025
Sold by
Kutschman Robert Thomas and Kutschman Robert J
Bought by
Kutschman Robert J and Kutschman Susan Kimberly
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
Bargain Sale Deed -- Title Protection Group
Deed $612,800 Title Protection Group
Deed $612,800 Title Protection Group
Deed $459,600 Lear Title
Deed $459,600 Lear Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $582,160 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2025 06/09/25 Sold $612,800 +9.4% $767 / Sq Ft
03/25/2025 03/25/25 Pending -- -- --
03/18/2025 03/18/25 For Sale $560,000 0.0% $701 / Sq Ft
03/15/2025 03/15/25 Off Market $560,000 -- --
03/03/2025 03/03/25 For Sale $560,000 -- $701 / 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 $9,477 $511,700 $225,700 $286,000
2024 $9,123 $459,600 $187,600 $272,000
2023 $9,123 $426,300 $163,200 $263,100
2022 $7,927 $369,400 $130,500 $238,900
2021 $7,927 $322,900 $118,700 $204,200
2020 $7,709 $306,400 $115,500 $190,900
2019 $7,531 $292,000 $110,000 $182,000
2018 $7,421 $276,600 $100,000 $176,600
2017 $5,442 $195,000 $85,000 $110,000
2016 $5,547 $198,900 $91,000 $107,900
2015 $5,560 $203,000 $100,000 $103,000
2014 $6,219 $187,200 $83,500 $103,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22505759

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 50-00150-0000-00027-01