NOT LISTED FOR SALE

401 Myrtle Ave Neptune, NJ 07753

Estimated Value: $516,000 - $643,252

8 Beds
3.5 Baths
1,602 Sq Ft
$368/Sq Ft Est. Value

Last Sold March 15, 2017

Last sale price $229,500 $143 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $3,758/month

46 Days on Market

Highlights

  • Corner Lot
  • Ceramic Tile Flooring
  • Forced Air Heating System
  • Double-Wide Driveway

About This Home

As of March 2017

A rare find - 2 homes for the price of one. Great investment opportunity, positive cash flow. Well maintained property consisting of 2 separate buildings with a total of 3 apartments . Front home offers a first floor 3 bedroom apartment and a second floor 2 bedrooms. Full basement houses 2 separate furnaces and water heaters. Rear building offers a 3 bedroom, 1.5 baths apartment with it's own separate utilities. Tenants pay their own electric and gas, landlord pays water and sewer.

Last Agent to Sell the Property

Judite Ribeiro

Weichert Realtors-Ocean Listed on: 10/06/2016

Last Buyer's Agent

Richard Davidson

Berkshire Hathaway HomeServices Signature Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,149

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 65 x 107
  • Corner Lot
  • Level Lot

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms

Parking

  • 6 Parking Spaces
  • Double-Wide Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Ridge Avenue Elementary School
  • Neptune Middle School
  • Neptune Twp High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Tenants personal property
  • Tenant pays for hot water, heat, gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 35-00607-0000-00010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,149

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Corner Lot, Level
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Laminate, See Remarks, Ceramic Tile, Other
  • New Construction: No
  • Year Built: 1940
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 65 x 107
  • Location Middle School: Neptune
  • Lot Description Corner Lot: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Parking Spaces: 6.0
  • Parking Double Wide: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Furnace: Yes
  • Floors Laminate2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 3 Furnace3: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Water Heater3: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: Tenants personal property

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, On Street, Double Wide
  • Total Parking Spaces: 6.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 65 x 107
  • Parcel #: 35-00607-0000-00010
  • Zoning Description: Residential

Rental Info

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

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 5149.0
  • Tax Other Annual Assessment Amount: 235600.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Ridge Avenue
  • High School: Neptune Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2025
Sold by
Parello Nancy and Scheffer Alexander
Bought by
Lupo Ryan and Cunningham Jennifer
Current Estimated Value
$589,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Outstanding Balance
$493,481
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$93,615

Purchase Details

Listed on
Oct 6, 2016
Closed on
Mar 21, 2017
Sold by
Linda Bedoya
Bought by
Parello Nancy
Seller's Agent
Judite Ribeiro
Weichert Realtors-Ocean
Buyer's Agent
Richard Davidson
Berkshire Hathaway HomeServices Signature Properties
Sold Price
$229,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.63%
Original Mortgage
$183,600
Interest Rate
4.3%

Purchase Details

Closed on
Jul 15, 2011
Sold by
Pucci Eileen
Bought by
Bedoya Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2002
Sold by
Bauman Richard
Bought by
Lawson James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 2001
Sold by
S & G Properties
Bought by
Bauman Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
7.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 1998
Sold by
Scott Ruby
Bought by
Dittman Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
6.74%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Lupo Ryan $620,000 Rms Title Services
Lupo Ryan $620,000 Rms Title Services
Parello Nancy -- --
Bedoya Linda $180,000 Costal Title Agency Inc
Lawson James $145,000 --
Bauman Richard $102,500 --
Dittman Ronald $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lupo Ryan $496,000
Closed Lupo Ryan $496,000
Previous Owner Parello Nancy $183,600
Previous Owner Parello Nancy --
Previous Owner Bedoya Linda $135,000
Previous Owner Lawson James $116,000
Previous Owner Bauman Richard $82,000
Previous Owner Dittman Ronald $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2017 03/15/17 Sold $229,500 -- $143 / 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 $7,725 $534,400 $212,000 $322,400
2024 $7,089 $441,200 $176,800 $264,400
2023 $7,089 $392,500 $134,300 $258,200
2022 $6,309 $379,600 $89,800 $289,800
2021 $5,461 $298,600 $75,800 $222,800
2020 $5,683 $268,300 $57,200 $211,100
2019 $5,461 $254,600 $56,500 $198,100
2018 $5,490 $253,000 $56,500 $196,500
2017 $5,388 $238,500 $56,500 $182,000
2016 $5,336 $235,600 $56,500 $179,100
2015 $5,149 $231,200 $56,500 $174,700
2014 $5,098 $188,200 $44,900 $143,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21638771

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00607-0000-00010