NOT LISTED FOR SALE

318 Chelsea Ave Long Branch, NJ 07740

Estimated Value: $892,000 - $938,696

5 Beds
3 Baths
2,935 Sq Ft
$314/Sq Ft Est. Value

Last Sold April 14, 2022

Last sale price $785,000 $267 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,933/month

5 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Cooling Available
  • Corner Lot
  • Oversized Parking
  • Patio

About This Home

As of April 2022

This corner lot multi family home is ready for the next owner to make their investment. This fully rented 3 family home consist of two- 2 bedroom units, 0ne- 1 bedroom unit full basement and oversized 2 car garage for extra storage or rental income. The fenced in property has large driveway for off street parking, covered porch unit 1, enclosed porch unit 2 and small sitting deck off of unit 3. All units have separate electric and also back door and front door entrances. All this located just a short distance to the ocean block and near by train station for the convenience of your tenants. This could be the investment you have been waiting for at the shore. Call today

Last Agent to Sell the Property

PATRIC DAMBROSKI

Keller Williams Shore Properties Brokerage Phone: 732-232-0720 License #0559180 Listed on: 02/25/2022

Keller Williams Shore Properties

Last Buyer's Agent

Susan Marcrie

RE/MAX Innovation License #0678430

RE/MAX Innovation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,097

Lot Details

  • Lot Dimensions are 70x150
  • Fenced
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Workshop in Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Triplex

Flooring

  • Wood
  • Ceramic Tile

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Storage

Schools

  • Long Branch Middle School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Separate Meters
  • Natural Gas Water Heater

Additional Features

  • Stove
  • Patio

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Tenants personal property
  • Tenant pays for heat
  • Assessor Parcel Number 27-00192-0000-00012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,097

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Attribution Contact: 732-232-0720
  • ResoLotFeatures: Corner Lot
  • Subdivision Name: None
  • Reso Flooring: Wood, Ceramic Tile
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 70x150
  • Location Middle School: Long Branch
  • Lot Description Corner Lot: Yes
  • ExteriorFence: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Garage Oversized: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Water Heater3: Yes
  • Garage Workshop2: Yes
  • Basement Shared Storage3: Yes
  • Special Features: None

Interior Features

  • Basement: Partially Finished, Walk-Out Access, Full, Shared Storage
  • Basement: Yes
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes
  • Basement:Partially Finished: Yes

Exterior Features

  • Waterfront: No
  • Exclusions: Tenants personal property
  • Exterior Features: Fence, Patio

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Paved, Off Street, On Street, Detached, Oversized, Workshop in Garage
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking Features:Garage Detached: Yes
  • Parking:Paved2: Yes

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: 70x150
  • Parcel #: 27-00192-0000-00012
  • Zoning Description: Residential

Rental Info

  • Tenant Pays: Heat

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 9097.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2022
Sold by
Denaro Annette G and Denaro Dominic
Bought by
Novella Realty Llc
Current Estimated Value
$920,424

Purchase Details

Listed on
Feb 25, 2022
Closed on
Apr 11, 2022
Sold by
Jose Veramoreno
Bought by
Denaro Annette G and Denaro Dominic
Seller's Agent
PATRIC DAMBROSKI
Keller Williams Shore Properties
Buyer's Agent
Susan Marcrie
RE/MAX Innovation
List Price
$699,000
Sold Price
$785,000
Premium/Discount to List
$86,000
12.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.49%
Original Mortgage
$588,750
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2002
Sold by
Silva Maria
Bought by
Vera Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
6.03%
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 Buyer Sale Price Title Company
Novella Realty Llc -- Land Title
Novella Realty Llc -- Land Title
Denaro Annette G $785,000 Westcor Land Title
Denaro Annette G $785,000 Westcor Land Title
Vera Jose $345,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Denaro Annette G $588,750
Previous Owner Vera Jose $276,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2022 04/14/22 Sold $785,000 +12.3% $267 / Sq Ft
02/25/2022 02/25/22 For Sale $699,000 -- $238 / 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 $12,863 $876,800 $264,600 $612,200
2024 $11,795 $836,900 $234,600 $602,300
2023 $11,795 $759,500 $184,600 $574,900
2022 $9,097 $533,800 $125,500 $408,300
2021 $9,097 $454,600 $105,500 $349,100
2020 $9,229 $441,600 $94,500 $347,100
2019 $8,963 $426,400 $95,500 $330,900
2018 $8,758 $414,300 $95,500 $318,800
2017 $8,415 $408,300 $95,500 $312,800
2016 $8,189 $405,200 $100,500 $304,700
2015 $8,645 $388,200 $102,400 $285,800
2014 $7,960 $376,700 $114,100 $262,600
Source: Public Records

Agents Affiliated with this Home

  • PATRIC DAMBROSKI

    Seller's Agent in 2022

    PATRIC DAMBROSKI

    Keller Williams Shore Properties

    (732) 232-0720

    1 in this area

    112 Total Sales

    PATRIC DAMBROSKI
    Section Image
  • Susan Marcrie

    Buyer's Agent in 2022

    Susan Marcrie

    RE/MAX

    (732) 259-3522

    3 in this area

    216 Total Sales

    Susan Marcrie
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22205164

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00192-0000-00012

New Jersey Monmouth County Long Branch 07740

318 Chelsea Ave, Long Branch, NJ

Not Listed for Sale

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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