$1,250,000
SOLD MAR 18, 2025
5 Beds
3.5 Baths
2,308 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$542 Per Sq Ft

10% Below List Price

147 Days on Market

Highlights

  • Ocean View
  • Property is near an ocean
  • Attic
  • Wolf Hill Elementary School Rated A-
  • Deck
  • 1 Car Detached Garage

About This Home

As of March 2025

OCEAN BLOCK 3 FAMILY! Rare opportunity to purchase an amazing investment property in a prime location on a large property in downtown Sea Bright, which includes an oversized roof deck & off street parking! The first unit was recently renovated and has 2 bedrooms, 1.5 bathrooms, a large living room, dining room, laundry area and stunning kitchen with custom white shaker cabinets, granite counters & stainless steel appliances. The first unit gets use of fenced in backyard with outdoor shower and driveway for 2 cars. The second unit has 2 bedrooms, 1 bathroom, large living room, kitchen and in unit laundry. The top floor 3rd unit is a charming 1 bedroom with ocean views having a living room, bedroom, kitchen area with laundry, renovated bathroom and private access to the large roof deck. The exterior offers a wrap around porch, freestanding garage & roof deck. Flood insurance $3,000 er year. One of the widest lots available in the downtown area. Each unit includes 2 permit parking passes. Ideally located with easy access to the beach, river, restaurants, nightlife, mass transit and high speed ferry!

Last Agent to Sell the Property

Manus Mullanaphy

EXP Realty License #1008364 Listed on: 11/20/2024

EXP Realty

Last Buyer's Agent

Viktoria Adamov

Realty One Group Central License #1541632

Realty One Group Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,011

Year Built

  • Built in 1922

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 37 x 72
  • Fenced

Parking

  • 1 Car Detached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Asphalt Rolled Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 2,308 Sq Ft Home
  • 3-Story Property
  • Recessed Lighting
  • Window Screens
  • Ocean Views
  • Crawl Space
  • Attic

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Linoleum
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property is near an ocean
  • Deck
  • Exterior Lighting

Schools

  • Wolf Hill Elementary School
  • Maple Place Middle School

Utilities

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

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: PERSONAL ITEMS
  • Tenant pays for water, sewer, heat, gas, electricity
  • The owner pays for yard maintenance, snow removal
  • Assessor Parcel Number 42-00009-0000-00017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,011

Year Built

Built in 1922

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Ocean Block
  • Reso View: Waterview
  • Subdivision Name: None
  • Reso Flooring: Laminate, Linoleum, Ceramic Tile
  • Reso Interior Features: Attic, Cable TV, Recessed Lighting
  • Year Built: 1922
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 37 x 72
  • Location Middle School: Maple Place
  • ExteriorFence: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • SidingAluminum: Yes
  • Interior Attic: Yes
  • Interior Recessed Lighting: Yes
  • ExteriorDeck: Yes
  • Roof Timberline: Yes
  • Floors Linoleum: Yes
  • Lot Description Ocean Block: Yes
  • Exterior Ocean View: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Floors Laminate2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Unit 3 Furnace3: Yes
  • Unit 3 Gas Stove3: Yes
  • Exterior Screens2: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Dryer4: Yes
  • Unit 3 Washer4: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Stories: 3
  • Basement:Crawl Space: Yes
  • Features Interior:Cable TV: Yes

Exterior Features

  • Roof: Timberline
  • Acres: 0.06
  • Waterfront Features: Oceanview
  • Waterfront: No
  • Exclusions: PERSONAL ITEMS
  • Construction Type: Aluminum Siding
  • Exterior Features: Deck, Fence, Ocean View, Screens, Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Off Street, On Street, Detached
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking Features:Garage Detached: 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: Maple Place

Lot Info

  • Lot Dimensions: 37 x 72
  • Lot Size Sq Ft: 2613.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 42-00009-0000-00017
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Sewer, Heat, Gas, Electricity
  • Owner Pays: Yard Maintenance, Snow Removal

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9011.0
  • Tax Other Annual Assessment Amount: 1061600.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Wolf Hill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2024
Closed on
Mar 6, 2025
Sold by
Castles & Cottages Llc
Bought by
4 Centerst Llc
Seller's Agent
Manus Mullanaphy
EXP Realty
Buyer's Agent
Viktoria Adamov
Realty One Group Central
List Price
$1,389,000
Sold Price
$1,250,000
Premium/Discount to List
-$139,000
-10.01%
Views
75
Current Estimated Value
$1,299,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,282
Avg. Annual Appreciation
7.28%

Purchase Details

Closed on
Aug 3, 2020
Sold by
Welch Stuart E and The Stuart E Welch Revocable T
Bought by
Castles Cottages Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2020
Sold by
Welch Stuart and Welch Stuart E
Bought by
Welch Stuart E and Stuart E Welch Revocable Trust

Purchase Details

Closed on
Feb 27, 1980
Bought by
Welch Stuart
Source: Public Records

Range of Values:

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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 $1,250,000 E-Title Direct Services
Deed $1,250,000 E-Title Direct Services
Deed $750,000 Unitas Title Agency Llc
Interfamily Deed Transfer -- None Available
Deed $43,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $525,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2025 03/18/25 Sold $1,250,000 -10.0% $542 / Sq Ft
02/03/2025 02/03/25 Pending -- -- --
11/20/2024 11/20/24 For Sale $1,389,000 0.0% $602 / Sq Ft
10/13/2024 10/13/24 Off Market $1,389,000 -- --
09/09/2024 09/09/24 For Sale $1,389,000 0.0% $602 / Sq Ft
12/20/2021 12/20/21 Rented $2,300 -8.0% --
10/18/2021 10/18/21 Under Contract -- -- --
09/08/2021 09/08/21 For Rent $2,500 -- --
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 $10,149 $1,206,000 $768,100 $437,900
2024 $9,011 $1,061,600 $658,100 $403,500
2023 $9,011 $880,000 $533,100 $346,900
2022 $8,805 $806,800 $473,100 $333,700
2021 $8,805 $707,200 $381,000 $326,200
2020 $7,138 $555,900 $341,000 $214,900
2019 $6,257 $461,100 $248,800 $212,300
2018 $5,277 $367,500 $152,200 $215,300
2017 $4,828 $330,900 $122,200 $208,700
2016 $3,766 $288,600 $112,200 $176,400
2015 $5,145 $256,500 $92,200 $164,300
2014 $5,064 $253,600 $122,200 $131,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22426116

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 42-00009-0000-00017