$670,000
SOLD NOV 17, 2020

468 Broadway Long Branch, NJ 07740

8 Beds
2.5 Baths
3,000 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$223 Per Sq Ft

4% Below List Price

75 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Double-Wide Driveway

About This Home

As of November 2020

8% Cap Rate! FULLY RENOVATED INSIDE & OUT.Unit 1 has 4 bedrooms 1 bath, brand new in unit washer/dryer. $2,600/month rentedUnit 2 has 4 bedrooms 1.5 baths, brand new in unit washer/dryer. $2,600/month rentedHardwood floors throughout, brand new kitchen with quartz countertops. Brand New HVAC system and duct work in both units. New vinyl windows. New plumbing, new electric. Detached 1 car garage, new bluestone driveway with ample parking in rear.

Last Agent to Sell the Property

David Sgalambro

Melrose Realty, LLC License #1005279 Listed on: 05/18/2020

Last Buyer's Agent

Mita Lakhani

EXIT Realty East Coast Shirvanian

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,045

Year Built

  • Built in 1910

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Parking

  • 1 Car Detached Garage
  • Double-Wide Driveway
  • Off-Street Parking

Home Design

  • Duplex
  • Asphalt Rolled Roof
  • Vinyl Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • 3-Story Property
  • Stove

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Crawl Space

Schools

  • Long Branch Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for hot water, water, sewer, heat, gas, electricity
  • Assessor Parcel Number 27-00230-0000-00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,045

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Wood, Ceramic Tile
  • New Construction: No
  • Year Built: 1910
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • Location Middle School: Long Branch
  • Cooling Central Air: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Roof Timberline: Yes
  • Parking Double Wide: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Washer Hookup3: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 2 Washer Hookup2: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space, Partial
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Stories: 3
  • Basement:Crawl Space: Yes
  • Basement:Partial: Yes

Exterior Features

  • Roof: Timberline
  • Acres: 0.17
  • Waterfront: No
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Off Street, Double Wide, Detached
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • 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 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00230-0000-00003
  • Zoning Description: Professional, Multi-Use, Multi-Family, Mixed
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Water, Sewer, Heat, Gas, Electricity

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 10045.0
  • Tax Other Annual Assessment Amount: 477900.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2020
Closed on
Nov 16, 2020
Sold by
Sgalambro David F and Medvin Jason
Bought by
Lalseta Pankaj and Lalseta Harsha
Seller's Agent
David Sgalambro
Melrose Realty, LLC
Buyer's Agent
Mita Lakhani
EXIT Realty East Coast Shirvanian
List Price
$700,000
Sold Price
$670,000
Premium/Discount to List
-$30,000
-4.29%
Total Days on Market
75
Current Estimated Value
$959,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,698
Avg. Annual Appreciation
7.76%

Purchase Details

Listed on
Apr 9, 2018
Closed on
May 10, 2018
Sold by
Mtglq Investors Lp
Bought by
Medvin Jason and Sgalambro David
Seller's Agent
Richard Shirvanian
EXIT Realty East Coast Shirvanian
Buyer's Agent
David Sgalambro
Gloria Nilson & Co. Real Estate
Sold Price
$250,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.01%
Original Mortgage
$187,575
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2006
Sold by
Harari Linda
Bought by
Farmdale Holdings Llc

Purchase Details

Closed on
Sep 2, 2003
Sold by
Riccardo Gloria
Bought by
Harari Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.01%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Deed $663,000 Acres Land Title Agency Inc
Deed $663,000 Land Title
Deed $250,101 None Available
Deed -- --
Deed $150,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $385,000 No Value Available
Previous Owner $187,575 New Conventional
Previous Owner $187,575 New Conventional
Previous Owner $221,000 Commercial
Previous Owner $308,750 Commercial
Previous Owner $120,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2020 11/17/20 Sold $670,000 0.0% $223 / Sq Ft
11/02/2020 11/02/20 Rented $33,600 +1192.3% --
10/14/2020 10/14/20 Under Contract -- -- --
09/23/2020 09/23/20 For Rent $2,600 0.0% --
08/01/2020 08/01/20 Pending -- -- --
06/30/2020 06/30/20 Price Changed $690,000 -1.4% $230 / Sq Ft
05/17/2020 05/17/20 For Sale $700,000 +179.9% $233 / Sq Ft
06/13/2018 06/13/18 Sold $250,101 -- $88 / 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
2025 $11,853 $832,600 $221,300 $611,300
2024 $11,523 $771,200 $213,800 $557,400
2023 $11,523 $742,000 $210,000 $532,000
2022 $13,125 $667,500 $198,800 $468,700
2021 $13,125 $514,000 $195,000 $319,000
2020 $10,454 $500,200 $183,000 $317,200
2019 $10,045 $477,900 $175,500 $302,400
2018 $9,792 $463,200 $171,800 $291,400
2017 $9,415 $456,800 $171,000 $285,800
2016 $9,115 $451,000 $172,500 $278,500
2015 $8,382 $376,400 $189,000 $187,400
2014 $9,029 $427,300 $261,000 $166,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22015480

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00230-0000-00003