NOT LISTED FOR SALE

426 Morris Ave Unit 5 Long Branch, NJ 07740

Estimated Value: $1,213,313 - $1,341,000

7 Beds
4 Baths
-- Sq Ft
9,714 Sq Ft Lot

Last Sold July 15, 2013

Last sale price $465,000

Est. 173% increase in value since last sale

Current estimated payment $8,121/month

53 Days on Market

Highlights

  • 5 Car Attached Garage
  • Cooling Available
  • Heating System Uses Natural Gas

About This Home

As of July 2013

Income Engine ready to work for you.4 very large and well maintained apartments,laundry rm w/coin washer,dryer owner pays ex. and a Garage 34 X 29 with 12 ft ceiling used by the prev.owners sign co.Garage conversion to an additional apartment possible with variance. Built by prev. owner who lived in and had his business in the building since 1950. Steel beam and block construction. All separate utilities. Building and all mechanicals in A1 shape.This is truly an opportunity worth a closer look

Last Agent to Sell the Property

Robert Levenson

Weichert Realtors-Rumson License #8335245 Listed on: 03/15/2013

Last Buyer's Agent

Michael Littleford

Gloria Nilson & Co. Real Estate

Gloria Nilson & Co. Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,928

Year Built

  • Built in 1950

Lot Details

  • 9,714

Home Design

  • Stucco Exterior

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Car Attached Garage
  • Workshop in Garage
  • Open Parking
  • Off-Street Parking

Schools

  • Long Branch Middle School
  • Long Branch High School

Utilities

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

Additional Features

  • 2-Story Property
  • Lot Dimensions are 63x154

Listing and Financial Details

  • Assessor Parcel Number 00230000000006

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $3,200
  • Water Sewer Expense $2,862
  • Gross Income $67,200
  • Net Operating Income $51,210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,928

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subdivision Name: None
  • Year Built: 1950
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 63X154
  • Location Middle School: Long Branch
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Garage Oversized: Yes
  • Siding Stucco - Cement: Yes
  • General Property Info # Parking Spaces: 5.0
  • Income Expenses Insurance Expense: 3200.0
  • Income Expenses WaterSewer Expense: 2862.0
  • Income Expenses Gross Income2: 67200.0
  • Income Expenses Net Income: 51210.0
  • Garage Workshop2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Other
  • Basement: No
  • Total Bedrooms: 7
  • Stories: 2
  • BasementOther: Yes

Exterior Features

  • Waterfront: No
  • Construction Type: Stucco

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Parking Features: Open, See Remarks, Other, Off Street, Oversized, Workshop in Garage
  • Total Parking Spaces: 5.0
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Open: Yes

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 2862.0

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 63X154
  • Parcel #: 00230000000006
  • Zoning Description: Mixed

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 9928.0
  • Tax Other Annual Assessment Amount: 506800.0

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 67200.0
  • Insurance Expense: 3200.0

MLS Schools

  • High School: Long Branch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2021
Sold by
Burke Joseph
Bought by
Francosalvatore Llc
Current Estimated Value
$1,270,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,672
Outstanding Balance
$706,407
Interest Rate
3.05%
Mortgage Type
Commercial
Estimated Equity
$633,282

Purchase Details

Listed on
Mar 15, 2013
Closed on
Jul 10, 2013
Sold by
Lh & Family Group Llc
Bought by
Burke Joseph
Seller's Agent
Robert Levenson
Weichert Realtors-Rumson
Buyer's Agent
Michael Littleford
Gloria Nilson & Co. Real Estate
Sold Price
$465,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.06%

Purchase Details

Closed on
Mar 30, 2011
Sold by
Bornstein Andrea and The Estate Of Joseph S Sacco
Bought by
Lh & Family Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.89%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Francosalvatore Llc $942,000 Innovation Title Inc
Burke Joseph $465,000 None Available
Lh & Family Group Llc $450,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Francosalvatore Llc $768,672
Previous Owner Burke Joseph $50,000
Previous Owner Lh & Family Group Llc $250,000
Previous Owner Sacco Jennie S $795,000
Previous Owner Sacco Joseph S $15,150
Previous Owner Sacco Joseph S $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2013 07/15/13 Sold $465,000 -- --
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 $16,932 $1,216,500 $261,000 $955,500
2024 $15,716 $1,101,600 $231,000 $870,600
2023 $15,716 $1,012,000 $181,000 $831,000
2022 $12,504 $735,900 $122,500 $613,400
2021 $12,504 $624,900 $102,500 $522,400
2020 $12,768 $610,900 $91,500 $519,400
2019 $12,353 $587,700 $92,500 $495,200
2018 $12,041 $569,600 $92,500 $477,100
2017 $11,552 $560,500 $92,500 $468,000
2016 $11,186 $553,500 $97,500 $456,000
2015 $12,146 $545,400 $98,900 $446,500
2014 $10,709 $506,800 $110,600 $396,200
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Robert Levenson

    Weichert Realtors-Rumson

  • M

    Buyer's Agent in 2013

    Michael Littleford

    BHHS Fox & Roach

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21308720

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00230-0000-00006

New Jersey Monmouth County Long Branch 07740

426 Morris Ave Unit 5, Long Branch, NJ

This home is located at 426 Morris Ave Unit 5, Long Branch, NJ 07740 since 15 March 2013 and is currently estimated at $1,270,578. This property was built in 1950. 426 Morris Ave Unit 5 is a home located in Monmouth County with nearby schools including Long Branch High School and Holy Trinity School.

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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