$235,000
SOLD JUN 4, 2018

427 Exchange Place Long Branch, NJ 07740

-- Bed
-- Bath
1,828 Sq Ft
1.01 Acres

Recently Sold

$129 Per Sq Ft

46 Days on Market

Highlights

  • Multiple cooling system units
  • Forced Air Heating System
  • 2 Car Garage

About This Home

As of October 2020

Beautiful duplex located on Exchange Place in Long Branch. Completely remodeled and renovated. Unit 1 is a 2 bedroom 1 bathroom apartment leased for $1,170.00 per month. Unit 2 is also a 2 bedroom 1 bathroom apartment leased for $1,050.00 per month. Off street parking. Fully occupied. Expenses for the fiscal year of 2016 include: Insurance: $3,400.00 Utilities (water/sewer) $2,242.00

Last Agent to Sell the Property

Marc Sorrentino

VRI Homes Brokerage Phone: 800-531-2885 License #1648911 Listed on: 08/16/2017

Last Buyer's Agent

Marc Sorrentino

VRI Homes Brokerage Phone: 800-531-2885 License #1648911 Listed on: 08/16/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,120

Year Built

  • Built in 1910

Parking

  • 2 Car Garage

Home Design

  • Duplex

Schools

  • Long Branch Middle School

Utilities

  • Multiple cooling system units
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • 2-Story Property
  • Lot Dimensions are 50 x 138
  • Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for heat, gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 27-00177-01-00030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,120

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Attribution Contact: 800-531-2885
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1910
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 138
  • Location Middle School: Long Branch
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Cooling Multi Units: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: Yes
  • Stories: 2
  • BasementOther: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 50 x 138
  • Parcel #: 27-00177-01-00030

Rental Info

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

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 6120.0
  • Tax Other Annual Assessment Amount: 303300.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Oct 5, 2020
Sold by
427 Exchange Place Llc
Bought by
Braha Brothers Holdings Inc
Seller's Agent
Blake Pierce
Keller Williams Realty Spring Lake
Buyer's Agent
Blake Pierce
Keller Williams City Life
List Price
$415,000
Sold Price
$340,000
Premium/Discount to List
-$75,000
-18.07%
Total Days on Market
46
Current Estimated Value
$598,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,600
Avg. Annual Appreciation
12.94%

Purchase Details

Closed on
Jan 29, 2020
Sold by
Figueiredo Aluisio
Bought by
427 Exchange Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2018
Sold by
427 Equities Llc
Bought by
Figueiredo Aluisio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 4, 2013
Closed on
Aug 16, 2013
Sold by
Krlich Ramiza and Krlich Eldar
Bought by
427 Equities Llc
Seller's Agent
Yehuda Kalisch
Westmarq Realty LLC
Buyer's Agent
Nachman Taub
Westmarq Realty LLC
Sold Price
$188,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%
Original Mortgage
$138,750
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 27, 2002
Sold by
Oliveira Philip
Bought by
Krlic Ramiza and Krlich Eldar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
5.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 1999
Sold by
Wasser Kenneth
Bought by
Oliveira Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,600
Interest Rate
7.78%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Bargain Sale Deed $340,000 All Ahead Title Agency
Deed $340,000 All Ahead Title
Not Resolvable $173,783 Liberty Title & Escrow Co
Bargain Sale Deed $235,000 None Available
Deed $188,500 Chicago Title Ins Co
Deed $210,000 --
Deed $75,750 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $285,000 New Conventional
Previous Owner $176,250 New Conventional
Previous Owner $138,750 Commercial
Previous Owner $298,200 Commercial
Previous Owner $189,000 Commercial
Previous Owner $60,600 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2020 10/06/20 Sold $340,000 -18.1% $186 / Sq Ft
09/17/2020 09/17/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $415,000 +76.6% $227 / Sq Ft
06/04/2018 06/04/18 Sold $235,000 +24.7% $129 / Sq Ft
08/16/2013 08/16/13 Sold $188,500 -- $103 / 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
2024 $7,215 $532,400 $225,800 $306,600
2023 $7,215 $464,600 $175,800 $288,800
2022 $5,847 $372,700 $118,200 $254,500
2021 $5,847 $292,200 $98,200 $194,000
2020 $5,854 $280,100 $87,200 $192,900
2019 $5,720 $272,100 $88,200 $183,900
2018 $6,501 $307,500 $88,200 $219,300
2017 $6,251 $303,300 $88,200 $215,100
2016 $6,120 $302,800 $93,200 $209,600
2015 $4,367 $196,100 $90,200 $105,900
2014 $4,125 $195,200 $101,200 $94,000
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Blake Pierce

    Keller Williams Realty Spring Lake

  • Marc Sorrentino

    Seller's Agent in 2018

    Marc Sorrentino

    VRI Homes

    (732) 816-9178

    35 Total Sales

    Marc Sorrentino
    Section Image

  • Y

    Seller's Agent in 2013

    Yehuda Kalisch

    Westmarq Realty LLC

    (732) 905-9344

    10 Total Sales

    Yehuda Kalisch
    Section Image

  • N

    Buyer's Agent in 2013

    Nachman Taub

    Westmarq Realty LLC

    (732) 905-9344

    Nachman Taub
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21732125

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00177-01-00030

New Jersey Monmouth County Long Branch 07740

427 Exchange Place, Long Branch, NJ

This home is located at 427 Exchange Place, Long Branch, NJ 07740 and is currently priced at $235,000, approximately $128 per square foot. This property was built in 1910. 427 Exchange Place 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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