NOT LISTED FOR SALE

427 Matawan Ave Cliffwood, NJ 07721

Estimated Value: $553,000 - $591,000

-- Bed
-- Bath
1,587 Sq Ft
$360/Sq Ft Est. Value

Last Sold August 07, 2023

Last sale price $510,000 $321 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,814/month

20 Days on Market

Highlights

  • Detached Garage
  • Multiple cooling system units
  • Level Lot
  • Matawan Reg High School Rated A-
  • Baseboard Heating

About This Home

As of August 2023

Rare Find LEGAL two family home in Aberdeen Township! The lower level has 2 bedrooms and 1 full bath with an updated kitchen - including cabinetry and counters. Full basement for laundry and storage. Beautiful flooring throughout. The second level offers 2 bedrooms (possibly 3) 1 bath and kitchen. Property has a building in the rear that can be easily converted to a garage or workshop. Shared driveway parking. Prime location, near Rt. 35, GSP, Train and Middle School. Live in one unit and rent out the other or rent both units for multiple income stream. You can also convert to a single-family home or use as a mother daughter/multigenerational living. You definitely want to take a look at this one!

Last Agent to Sell the Property

Jennifer Sabodish

Keller Williams Realty Central Monmouth License #1756695 Listed on: 06/07/2023

Keller Williams Realty Central Monmouth

Last Buyer's Agent

Amanda Ficara

C21/ Action Plus Realty License #1432275

C21/ Action Plus Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,264

Year Built

  • Built in 1935

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 42 x 118
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,587 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • Detached Garage
  • Workshop in Garage
  • Open Parking

Schools

  • Matawan Avenue Middle School

Utilities

  • Multiple cooling system units
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for hot water
  • Assessor Parcel Number 01-00207-0000-00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,264

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Reso Flooring: Other
  • New Construction: No
  • Year Built: 1935
  • 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: 42 x 118
  • Location Middle School: Matawan Avenue
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Cooling Multi Units: Yes
  • Basement Tenant Storage: Yes
  • Garage Workshop2: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Tenant Storage
  • Basement: Yes
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.11
  • Waterfront: No

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Open, Detached, Workshop in Garage
  • General Property Info:Garage: Yes
  • Parking Open: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Hot Water2: Yes

Schools

  • Middle Or Junior School: Matawan Avenue

Lot Info

  • Lot Dimensions: 42 x 118
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 01-00207-0000-00002
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9264.0
  • Tax Other Annual Assessment Amount: 373700.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2023
Closed on
Jul 31, 2023
Sold by
Vena Charles and Vena Maureen
Bought by
Perla Michael and Perla Alex
Seller's Agent
Jennifer Sabodish
Keller Williams Realty Central Monmouth
Buyer's Agent
Amanda Ficara
C21/ Action Plus Realty
List Price
$539,000
Sold Price
$510,000
Premium/Discount to List
-$29,000
-5.38%
Views
104
Current Estimated Value
$571,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,809
Avg. Annual Appreciation
4.80%
Original Mortgage
$371,250
Outstanding Balance
$364,453
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$197,025

Purchase Details

Closed on
Jan 9, 1995
Sold by
Estate Elizabeth Hourihan
Bought by
Vena Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
9.23%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Perla Michael $510,000 Innovation Title
Vena Charles $111,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perla Michael $371,250
Previous Owner Vena Charles $231,254
Previous Owner Vena Charles F $255,300
Previous Owner Vena Charles $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2023 08/07/23 Sold $510,000 -5.4% $321 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
06/07/2023 06/07/23 For Sale $539,000 -- $340 / 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 $8,388 $446,400 $207,700 $238,700
2023 $8,388 $386,900 $171,100 $215,800
2022 $8,550 $373,700 $168,200 $205,500
2021 $8,550 $313,300 $130,500 $182,800
2020 $8,392 $306,500 $127,900 $178,600
2019 $8,243 $292,400 $114,800 $177,600
2018 $7,941 $281,900 $112,600 $169,300
2017 $7,162 $257,900 $93,700 $164,200
2016 $6,682 $251,000 $91,000 $160,000
2015 $6,602 $237,900 $82,000 $155,900
2014 $6,581 $241,400 $86,500 $154,900
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Sabodish

    Seller's Agent in 2023

    Jennifer Sabodish

    Keller Williams Realty Central Monmouth

    (732) 796-5033

    4 in this area

    104 Total Sales

    Jennifer Sabodish
    Section Image

  • A

    Buyer's Agent in 2023

    Amanda Ficara

    C21/ Action Plus Realty

    (732) 642-4903

    1 in this area

    6 Total Sales

    Amanda Ficara
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22315257

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 01-00207-0000-00002

New Jersey Monmouth County Cliffwood 07721

427 Matawan Ave, Cliffwood, NJ

This home is located at 427 Matawan Ave, Cliffwood, NJ 07721 since 07 June 2023 and is currently estimated at $571,809, approximately $360 per square foot. This property was built in 1935. 427 Matawan Ave is a home located in Monmouth County with nearby schools including Matawan Reg High School, Icob Academy, and St. Joseph Elementary 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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