$900,000
SOLD JUL 11, 2025

5 Royal Place Long Branch, NJ 07740

3 Beds
2 Baths
1,510 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$596 Per Sq Ft

18% Below List Price

18 Days on Market

Highlights

  • Colonial Architecture
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • No HOA

About This Home

As of July 2025

A rare opportunity awaits in Elberon NJ, one of the shores most coveted locations. Set on an expansive 60x145 lot, this 3-bedroom, 2-bath home offers the ideal foundation to renovate, expand, or build new. With a full basement and a generous backyard, the possibilities are endless. Tucked away on a quiet cul-de-sac, you'll enjoy peace and privacy just moments from the beach, houses of worship, and transportation. Whether you're dreaming of a year-round residence or the perfect coastal retreat, this property offers the space, setting, and potential to bring your vision to life.

Last Agent to Sell the Property

Maurice Molcho

American Homes Group License #2077605 Listed on: 04/21/2025

Last Buyer's Agent

Milo Sutton

G & G Agency Inc License #0458608

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,673

Parking

  • 1 Car Detached Garage

Home Design

  • Colonial Architecture
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Long Branch Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 27 00037-0000-00027

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,673

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subdivision Name: None
  • Architectural Style: Detached, Colonial
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Location Middle School: Long Branch
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exterior Features: Other

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 1.0
  • General Property Info:Garage: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Parcel #: 27 00037-0000-00027

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2025
Closed on
Jul 10, 2025
Sold by
Novick Gary and Novick Phyllis
Bought by
Moyal Zari
Seller's Agent
Maurice Molcho
American Homes Group
Buyer's Agent
Milo Sutton
G & G Agency Inc
List Price
$1,100,000
Sold Price
$900,000
Premium/Discount to List
-$200,000
-18.18%
Views
24
Current Estimated Value
$939,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,219
Avg. Annual Appreciation
18.60%

Purchase Details

Closed on
Jul 15, 2013
Sold by
Novick Gary and Sutton Phyllis
Bought by
Novick Gary and Novick Phyllis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
2.69%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
May 29, 1996
Sold by
Chaparro Raymond
Bought by
Novick Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
7.89%
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
Deed $900,000 Worldwide Title
Deed $900,000 Worldwide Title
Interfamily Deed Transfer -- None Available
Deed $140,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $427,500 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $98,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2025 07/11/25 Sold $900,000 -18.2% $596 / Sq Ft
05/09/2025 05/09/25 Pending -- -- --
04/21/2025 04/21/25 For Sale $1,100,000 -- $728 / 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 $13,673 $1,043,300 $829,800 $213,500
2024 $12,662 $889,600 $685,400 $204,200
2023 $12,662 $815,300 $620,400 $194,900
2022 $8,321 $537,100 $365,400 $171,700
2021 $8,321 $455,000 $294,400 $160,600
2020 $8,799 $421,000 $261,400 $159,600
2019 $8,021 $381,600 $229,400 $152,200
2018 $7,342 $347,300 $200,700 $146,600
2017 $6,649 $322,600 $178,700 $143,900
2016 $6,726 $332,800 $192,700 $140,100
2015 $6,674 $310,900 $163,100 $147,800
2014 $6,425 $315,900 $184,700 $131,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22511246

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00037-0000-00027