NOT LISTED FOR SALE

42 Cottage Place Unit 2nd Flr Long Branch, NJ 07740

Estimated Value: $998,096 - $1,492,000

3 Beds
1 Bath
-- Sq Ft
7,579 Sq Ft Lot

Highlights

  • Ocean View
  • Cooling Available
  • 1-Story Property
  • Colonial Architecture
  • Living Room

About This Home

As of June 2020

Spacious 3 bedroom, 1 bath unit with ocean views available for annual rental. Second floor unit includes updated eat in kitchen, Living room and screened in porch with ocean views. One block to the beach and a stones throw from bustling West End, the train station and Monmouth Medical center.

Last Agent to Rent the Property

Chris Katz

RE/MAX Synergy Listed on: 01/10/2020

Last Renter's Agent

Chris Katz

RE/MAX Synergy Listed on: 01/10/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,125

Year Built

  • Built in 1920

Lot Details

  • 7,579

Home Design

  • Triplex
  • Colonial Architecture

Interior Spaces

  • 1-Story Property
  • Living Room
  • Ocean Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • 1 Full Bathroom

Parking

  • No Garage
  • Driveway
  • Paved Parking
  • On-Street Parking
  • Off-Street Parking

Schools

  • Long Branch Middle School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Security Deposit $3,750
  • Property Available on 2/1/20
  • Assessor Parcel Number 27-00148-0000-00006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,125

Year Built

Built in 1920

Lot Details

0

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2020-02-01

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Three Family
  • Subdivision Name: None
  • Architectural Style: Colonial
  • Year Built: 1920
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Location Middle School: Long Branch
  • Rooms Living Room: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Garage None4: Yes
  • Contract Info Available Date: 2020-02-01
  • Maintenance Fees Security Deposit3: 3750.0
  • Lease Requirements Security Deposit4: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 1
  • Stories: 1
  • BasementOther: Yes
  • Primary Bedroom Level Second39: Yes

Exterior Features

  • Waterfront Features: Oceanview
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, Driveway, Off Street, On Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking Driveway: Yes
  • Parking:On Street: Yes
  • Parking:Paved2: Yes

Utilities

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

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Parcel #: 27-00148-0000-00006

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2018
Closed on
Jan 9, 2019
Sold by
42 Cottage Llc
Bought by
Azir Amgad Y
Seller's Agent
Chris Katz
RE/MAX Synergy
Buyer's Agent
Barbara Greely
RE/MAX Champions
Sold Price
$2,300
Current Estimated Value
$1,195,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,192,724
Original Mortgage
$455,000
Outstanding Balance
$399,221
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$795,803

Purchase Details

Closed on
Jul 8, 2016
Sold by
Desimone Florence and De Simone Robert
Bought by
42 Cottage Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.41%

Purchase Details

Closed on
Jun 5, 1998
Sold by
Soares Ernesto
Bought by
Desimone Aldo and Desimone Florence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
7.02%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Azir Amgad Y $700,000 Chicago Title Ins Co
42 Cottage Llc -- --
Desimone Aldo $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Azir Amgad Y $455,000
Previous Owner 42 Cottage Llc --
Previous Owner Desimone Aldo $166,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2020 06/01/20 Rented $27,600 +1100.0% --
02/26/2020 02/26/20 Price Changed $2,300 -8.0% --
01/22/2020 01/22/20 For Rent $2,500 +8.7% --
12/15/2018 12/15/18 Rented $2,300 -- --
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 $12,125 $869,200 $191,800 $677,400
2024 $11,738 $788,900 $171,800 $617,100
2023 $11,738 $755,800 $166,800 $589,000
2022 $13,155 $715,600 $156,800 $558,800
2021 $13,155 $657,400 $134,800 $522,600
2020 $13,633 $652,300 $132,800 $519,500
2019 $9,167 $436,100 $127,800 $308,300
2018 $8,961 $423,900 $126,800 $297,100
2017 $8,619 $418,200 $126,800 $291,400
2016 $8,300 $410,700 $126,800 $283,900
2015 $8,556 $384,200 $141,000 $243,200
2014 $8,338 $394,600 $178,800 $215,800
Source: Public Records

Agents Affiliated with this Home

  • C

    Landlord's Agent in 2020

    Chris Katz

    RE/MAX

  • B

    Buyer's Agent in 2018

    Barbara Greely

    RE/MAX

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22001261

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00148-0000-00006

New Jersey Monmouth County Long Branch 07740

42 Cottage Place Unit 2nd Flr, 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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