NOT LISTED FOR SALE

540 Ocean Blvd Long Branch, NJ 07740

Estimated Value: $890,000 - $1,036,000

5 Beds
3.5 Baths
2,784 Sq Ft
$338/Sq Ft Est. Value

Last Sold December 23, 2020

Last sale price $575,000 $207 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $5,869/month

22 Days on Market

Highlights

  • 2 Car Detached Garage
  • Hot Water Baseboard Heater
  • 4-minute walk to West End Park
  • Multiple cooling system units

About This Home

As of December 2020

2 Family Fully Rented with very nice income across the street from the beach in the West End section of Long Branch...Or turn it into a single family for your summer home or full time residence at The Jersey Shore! A Golden Opportunity awaits! Detached 2 car garage. Driveway is a shared driveway with the neighboring house. 3 Bedrooms 1.5 baths upstairs getting $2100 per month. 2 Bedrooms 2 full baths downstairs getting $1790 per month. Separate utilities...Tenants pay Gas & Electric. Landlord pays Taxes Sewer & Water. Each unit has its own washer and dryer in the basement..

Last Agent to Sell the Property

Eric Bosniak

Coldwell Banker Realty Listed on: 08/15/2020

Last Buyer's Agent

Carol Zocco

Rosario Realty Inc License #8936342

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,784

Year Built

  • Built in 1930

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x 140

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Synthetic Stucco Exterior

Interior Spaces

  • 2,784 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Long Branch Middle School

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 27-00135-0000-00012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,784

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1930
  • Contract Info List PriceSqFt: 219.11
  • 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 140
  • Location Middle School: Long Branch
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Cooling Multi Units: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dryer2: Yes
  • Siding Stucco - Synthetic: Yes
  • Special Features: None

Interior Features

  • Basement: Partially Finished
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Stories: 2
  • Basement:Partially Finished: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.16
  • Waterfront: No
  • Construction Type: Synthetic Stucco

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Off Street, Detached
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 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 140
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00135-0000-00012
  • Zoning Description: Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7784.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2020
Closed on
Dec 22, 2020
Sold by
Intelligent Commerce Group Llc
Bought by
Talmis Group Llc
Seller's Agent
Eric Bosniak
Coldwell Banker Realty
Buyer's Agent
Carol Zocco
Rosario Realty Inc
List Price
$610,000
Sold Price
$575,000
Premium/Discount to List
-$35,000
-5.74%
Current Estimated Value
$942,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$367,068
Avg. Annual Appreciation
10.49%

Purchase Details

Closed on
Oct 22, 2020
Sold by
Taimis Group Llc
Bought by
Savdie Allan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2019
Sold by
Chen Yen Quen and 540 Ocean Land Trust
Bought by
Intelligent Commerce Group Llc

Purchase Details

Closed on
Nov 29, 2012
Sold by
Chen Yen Quen and Chen Janie
Bought by
540 Ocean Lano Trust

Purchase Details

Closed on
Nov 28, 2011
Sold by
Taimis Group Llc
Bought by
Chen Yen Quen and Chen Janie Q

Purchase Details

Closed on
Jun 22, 2011
Sold by
Chen Yenquen and Chen Janie Q
Bought by
Taimis Group Llc

Purchase Details

Closed on
Nov 11, 2009
Sold by
Taimis Group Llc
Bought by
Chen Yenquen and Chen Janie Q
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
Talmis Group Llc -- Foundation Title Llc
Talmis Group Llc -- Foundation Title
Savdie Allan $575,000 Foundation Title Llc
Savdie Allan $575,000 Foundation Title
Intelligent Commerce Group Llc -- None Available
540 Ocean Lano Trust -- None Available
Chen Yen Quen -- None Available
Taimis Group Llc -- None Available
Chen Yenquen -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Savdie Allan $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2020 12/23/20 Sold $575,000 -5.7% $207 / Sq Ft
09/06/2020 09/06/20 Pending -- -- --
08/15/2020 08/15/20 For Sale $610,000 -- $219 / 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 $10,894 $763,900 $420,100 $343,800
2024 $9,806 $708,800 $395,100 $313,700
2023 $9,806 $631,400 $320,100 $311,300
2022 $8,006 $538,700 $264,400 $274,300
2021 $7,940 $400,100 $192,400 $207,700
2020 $7,940 $379,900 $173,400 $206,500
2019 $7,784 $370,300 $173,400 $196,900
2018 $7,760 $367,100 $177,400 $189,700
2017 $7,327 $355,500 $169,400 $186,100
2016 $9,149 $355,700 $174,400 $181,300
2015 $6,959 $312,500 $83,400 $229,100
2014 $6,544 $309,700 $106,400 $203,300
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    Eric Bosniak

    Coldwell Banker Realty

  • Carol Zocco

    Buyer's Agent in 2020

    Carol Zocco

    Rosario Realty Inc

    (732) 921-3917

    19 in this area

    68 Total Sales

    Carol Zocco
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22028503

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00135-0000-00012

New Jersey Monmouth County Long Branch 07740

540 Ocean Blvd, Long Branch, NJ

Not Listed for Sale

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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