NOT LISTED FOR SALE

480 2nd Ave Long Branch, NJ 07740

Estimated Value: $882,579 - $1,096,000

4 Beds
2 Baths
1,812 Sq Ft
$537/Sq Ft Est. Value

Last Sold August 01, 2019

Last sale price $565,000 $312 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $6,099/month

16 Days on Market

Highlights

  • Deck
  • Multiple cooling system units
  • Level Lot
  • 1 Fireplace
  • Fenced
  • Hot Water Baseboard Heater

About This Home

As of August 2019

Sit on your front porch and feel the ocean breezes. Only 2 blocks from the fabulous West End beaches!! Live in one unit and rent the other, enjoy the warm summer months entertaining on your raised deck overlooking gardens meticulously planted by a master gardener. During the cooler months you can enjoy the coziness of a fireplace in a newer family room overlooking the back yard oasis. First floor unit has 2 bedrooms and one bath, second floor unit also has 2 bedrooms and one bath. This home has been lovingly maintained and updated. Newer kitchen, bath and addition.

Last Agent to Sell the Property

Margaret Penta

Gloria Nilson & Co. Real Estate Listed on: 05/16/2019

Last Buyer's Agent

Marlene Bibi Sultan

Prudential Zack Shore Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,023

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 50 x 150
  • Fenced
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Basement Fills Entire Space Under The House
  • Stove
  • Dryer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • Off-Street Parking

Outdoor Features

  • Deck

Schools

  • Long Branch Middle School

Utilities

  • Multiple cooling system units
  • Central Air
  • Heating System Uses Natural Gas
  • Furnace
  • Hot Water Baseboard Heater
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for yard maintenance, water, snow removal, sewer, heat
  • Assessor Parcel Number 27-00145-0000-00004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,023

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1950
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • 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
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • SidingAluminum: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 1.0
  • Garage None4: Yes
  • ExteriorDeck: Yes
  • Cooling Multi Units: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Washer Hookup3: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Construction Type: Aluminum Siding
  • Exterior Features: Deck, Fence
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

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

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 50 x 150
  • Parcel #: 27-00145-0000-00004

Rental Info

  • Tenant Pays: Gas, Electricity
  • Owner Pays: Yard Maintenance, Water, Snow Removal, Sewer, Heat

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 8023.0
  • Tax Other Annual Assessment Amount: 379500.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2019
Closed on
Jul 29, 2019
Sold by
Caruso Ramon and Caruso Anne M
Bought by
Mamiye Charles E
Seller's Agent
Margaret Penta
Gloria Nilson & Co. Real Estate
Buyer's Agent
Marlene Bibi Sultan
Prudential Zack Shore Properties
Sold Price
$565,000
Current Estimated Value
$972,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$407,145
Avg. Annual Appreciation
8.92%
Original Mortgage
$339,000
Outstanding Balance
$297,084
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$675,061
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Mamiye Charles E $565,000 Prestige Nj Ttl Agcy Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mamiye Charles E $339,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2019 08/01/19 Sold $565,000 -- $312 / 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 $11,833 $831,500 $420,500 $411,000
2024 $10,528 $769,900 $395,500 $374,400
2023 $10,528 $677,900 $320,500 $357,400
2022 $9,745 $579,500 $264,600 $314,900
2021 $9,745 $487,000 $192,600 $294,400
2020 $8,072 $386,200 $173,600 $212,600
2019 $7,910 $376,300 $173,600 $202,700
2018 $8,023 $379,500 $177,600 $201,900
2017 $7,578 $367,700 $169,600 $198,100
2016 $7,429 $367,600 $174,600 $193,000
2015 $7,060 $317,000 $84,800 $232,200
2014 $6,639 $314,200 $108,200 $206,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21920293

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00145-0000-00004