NOT LISTED FOR SALE

423 Melrose Way Keyport, NJ 07735

Estimated Value: $374,000 - $423,000

2 Beds
1 Bath
935 Sq Ft
$429/Sq Ft Est. Value

Last Sold December 06, 2022

Last sale price $315,000 $337 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,732/month

3 Days on Market

Highlights

  • No HOA
  • Eat-In Kitchen
  • Living Room
  • Matawan Reg High School Rated A-
  • Bay Window
  • 5-minute walk to Overlook Park

About This Home

As of December 2022

Beautifully updated and maintained Ranch-style house, nestled in highly sought out Cliffwood Beach section, just minutes to the beach, restaurants, shopping, NJ/NYC train line, and Route 35 and Parkway. Special Features: Eat-in-Kitchen with stainless steel appliances; Vinyl plank flooring throughout (2021); New interior 6-Panel Doors, including closet doors (2018); New Custom Built Front Door by Provia (2021) and Side Door (2021); Lennox mini-split AC/Heat (2020 and 2022); Heating alternative with brand new gas boiler-hot water heater combo manufactured by Well-McLain (2018); Full Bath (2018); plus large backyard for outdoor activities. Simply unpack and start living.

Last Agent to Sell the Property

Claudia Marrone

Keller Williams Towne Square License #0338527 Listed on: 10/14/2022

Keller Williams Towne Square

Last Buyer's Agent

VERONICA WEBER

Keller Williams Realty Central Monmouth License #2185531

Keller Williams Realty Central Monmouth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,238

Year Built

  • Built in 1948

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 42 x 93
  • Fenced

Home Design

  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 935 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Bay Window
  • Living Room
  • Workroom
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher

Flooring

  • Linoleum
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Utility Basement
  • Basement Hatchway

Parking

  • Carport
  • No Garage
  • Driveway
  • On-Street Parking

Utilities

  • Zoned Heating and Cooling
  • Space Heater
  • Boiler Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 01-00321-0000-00008

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,238

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inclusions: AC Units, Blinds/Shades, Dishwasher, Dryer, Microwave, Refrigerator
  • Subdivision Name: None
  • Architectural Style: Ranch
  • Reso Flooring: Cement
  • New Construction: No
  • Year Built: 1948
  • Contract Info List PriceSqFt: 304.81
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.09
  • General Property Info Lot Dimensions: 42 x 93
  • General Property Info Farm: No
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Rooms Laundry: Yes
  • Rooms Living Room: Yes
  • Living Room Floor - LinoleumVinyl2: Yes
  • WaterSewer Public Water: Yes
  • Kitchen Floor - LinoleumVinyl4: Yes
  • Water Heater Natural Gas2: Yes
  • SidingAluminum: Yes
  • General Property Info Handicap Access: No
  • Included BlindsShades: Yes
  • Garage None4: Yes
  • Number Appliances Included A C Units: Yes
  • Style Ranch: Yes
  • Water Heater Off Boiler: Yes
  • Kitchen Eat-In: Yes
  • Cooling Multi Units: Yes
  • Kitchen BayBow Window4: Yes
  • Rooms Work Room: Yes
  • Work Room Level Basement4: Yes
  • Utility Room Level Basement5: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Bilco Style Doors, Full, Unfinished
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1
  • Full Basement: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.09
  • Waterfront: No
  • Construction Type: Aluminum Siding
  • Exterior Features: Fence

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Carport, Driveway, On Street, None
  • General Property Info:Garage: No
  • Parking Driveway: Yes
  • Parking:On Street: Yes
  • Parking:Carport: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units, 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, Space Heater, Baseboard, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Baseboard: Yes
  • Heating:Space Heater: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 42 x 93
  • Lot Size Sq Ft: 3920.4
  • Parcel #: 01-00321-0000-00008
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6238.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2022
Closed on
Nov 21, 2022
Sold by
Alba Michael
Bought by
Mccarthy John J
Seller's Agent
Claudia Marrone
Keller Williams Towne Square
Buyer's Agent
VERONICA WEBER
Keller Williams Realty Central Monmouth
List Price
$285,000
Sold Price
$315,000
Premium/Discount to List
$30,000
10.53%
Views
52
Current Estimated Value
$406,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,830
Avg. Annual Appreciation
8.33%
Original Mortgage
$115,000
Outstanding Balance
$111,206
Interest Rate
6.61%
Estimated Equity
$290,270

Purchase Details

Closed on
Aug 20, 2021
Sold by
Draney Michael and Alba Michael
Bought by
Alba Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,600
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 10, 2018
Closed on
Oct 16, 2018
Sold by
Urban Daniel
Bought by
Draney Michael
Seller's Agent
Gloria Zimmerman
Berkshire Hathaway HomeServices Fox & Roach - Holmdel
Buyer's Agent
NON MEMBER
VRI Homes
Sold Price
$215,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.11%
Original Mortgage
$204,250
Interest Rate
4.7%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 15, 2012
Sold by
Kreiss Donna
Bought by
Urban Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,864
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 13, 2003
Sold by
Baiersdorfer Ted
Bought by
Dreiss Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
6.43%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mccarthy John J $315,000 Suburban Title Examiners
Alba Michael -- Hunter Title Agency Inc
Alba Michael -- Hunter Title
Draney Michael $215,000 Clearpoint Title Agency Llc
Urban Daniel $145,500 Multiple
Dreiss Donna $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccarthy John J $115,000
Previous Owner Alba Michael $206,600
Previous Owner Draney Michael $204,250
Previous Owner Urban Daniel $142,864
Previous Owner Dreiss Donna $123,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2022 12/06/22 Sold $315,000 +10.5% $337 / Sq Ft
10/14/2022 10/14/22 For Sale $285,000 +32.6% $305 / Sq Ft
10/19/2018 10/19/18 Sold $215,000 -- $230 / Sq Ft View Prior Sale
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 $7,099 $395,000 $267,500 $127,500
2024 $6,055 $346,300 $221,100 $125,200
2023 $6,055 $279,300 $178,300 $101,000
2022 $6,238 $251,800 $155,600 $96,200
2021 $6,238 $228,600 $143,000 $85,600
2020 $5,996 $219,000 $135,400 $83,600
2019 $5,796 $205,600 $122,400 $83,200
2018 $5,473 $194,300 $115,000 $79,300
2017 $5,496 $197,900 $121,000 $76,900
2016 $4,949 $185,900 $111,000 $74,900
2015 $4,829 $174,000 $101,000 $73,000
2014 $4,866 $178,500 $106,000 $72,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22231818

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 01-00321-0000-00008