NOT LISTED FOR SALE
12 Beds
7 Baths
7,030 Sq Ft
0.43 Acres

Last Sold October 24, 2023

Last sale price $1,850,000 $263 Per Sq Ft

12 Days on Market

Highlights

  • Garage Apartment
  • Deck
  • 2 Car Garage
  • Atrium Room
  • Wood Flooring
  • Double-Wide Driveway

About This Home

As of October 2023

UNDER CONTRACT SELLERS WILL ENTERTAIN BACK UPM OFFERS! 7 FAMILY MAGNIFICENT OLD VICTORIAN HOME BUILT IN THE 1880'S! WELL KEPT IN PRISTINE CONDITION! MAGNIFICANT FRONT PORCH, BEAUTIFULL ORIGONAL WOODWOOKING IN THE MAIN VESTIBULE GRAND ENTERANCE! SOLD AS IS ALL CASH CONTRACT'S ONLY!!! PROOF OF FUNDS REQUIRED! ALL UNITS EXCEPT THE 3 BEDROOM UNIT OF WHICH WAS OWNER OCCUPIED UNTIL RECENTLY ARE RENTED WITH LONG TERM TENANTS , NO LEASES IN PLACE! 6 APARTMENTS IN THE MAIN HOME, ONE SEPERATE DETACHED 2 CAR GARAGE WITH A 2 BEDR UPSTAIRS APARTMENT WITH DECK PARTIAL OCEAN VIEWS , zoned 2 R-6 Townhouse/Professional Office ! Land area 19,095, building area 7030 Basement area 2000

Last Agent to Sell the Property

Milo Sutton

G & G Agency Inc License #0458608 Listed on: 09/21/2023

Last Buyer's Agent

Milo Sutton

Weichert Realtors-Ocean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,475

Year Built

  • Built in 1885

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 110 x 171
  • Fenced
  • Level Lot

Parking

  • 2 Car Garage
  • No Garage
  • Garage Apartment
  • Heated Garage
  • Double-Wide Driveway
  • On-Street Parking
  • Open Parking

Home Design

  • Cedar Shake Siding
  • Shingle Siding
  • Shake Siding

Interior Spaces

  • 7,030 Sq Ft Home
  • 2-Story Property
  • Awning
  • Atrium Room
  • Center Hall
  • Stove
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Full Bathrooms

Outdoor Features

  • Deck

Schools

  • Long Branch Middle School

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Water Heater

Listing and Financial Details

  • Tenant pays for yard maintenance, snow removal
  • The owner pays for hot water, water, sewer, heat, gas, electricity
  • Assessor Parcel Number 27-00148-0000-00008-02

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $3,984
  • Fuel Expense $5,284
  • Insurance Expense $8,461
  • Maintenance Expense $12,234
  • Water Sewer Expense $2,520
  • Net Operating Income $120,630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,475

Year Built

Built in 1885

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • ResoLotFeatures: Fenced Area, Level
  • Income And Expenses Maintenance Expense: 12234.0
  • Subdivision Name: None
  • Reso Flooring: Wood
  • Reso Interior Features: Atrium, Center Hall, Great Rooms
  • New Construction: No
  • Year Built: 1885
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Garage Direct Entry: Yes
  • General Property Info Lot Dimensions: 110 x 171
  • Location Middle School: Long Branch
  • Lot Description Fenced Area: Yes
  • Floors Wood: Yes
  • General Property Info Handicap Access: No
  • ExteriorDeck: Yes
  • Siding Shingle: Yes
  • Water Heater Tank: Yes
  • Cooling Multi Units: Yes
  • Interior Atrium: Yes
  • SidingCedarShake: Yes
  • Parking Double Wide: Yes
  • Garage Apt Above Garage: Yes
  • Garage Heated2: Yes
  • Unit 1 AC Unit: Yes
  • Unit 2 AC Unit2: Yes
  • Income Expenses Electric Expense: 3984.0
  • Income Expenses Insurance Expense: 8461.0
  • Income Expenses WaterSewer Expense: 2520.0
  • Income Expenses Net Income: 120630.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 AC Unit3: Yes
  • Exterior Awnings2: Yes
  • Unit 4 AC Unit10: Yes
  • Income Expenses Gas Expense: 5284.0
  • Unit 6 AC Unit8: Yes
  • Unit 7 AC Unit7: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 7
  • Total Bedrooms: 12
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Acres: 0.43
  • Waterfront: No
  • Exclusions: PERSONAL PROPERTY
  • Construction Type: Shake Siding, Shingle Siding
  • Exterior Features: Deck, Awnings

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Open, None, Other, On Street, Double Wide, Detached, Direct Access, Heated Garage
  • General Property Info:Garage: Yes
  • Parking:On Street: Yes
  • Parking Open: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating:Natural Gas: Yes
  • Heating:Steam: Yes

Fee Information

  • Annual Water Sewer Expense: 2520.0

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 110 x 171
  • Lot Size Sq Ft: 18730.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00148-0000-00008-02
  • Zoning Description: Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10475.0
  • Tax Other Annual Assessment Amount: 638400.0

Multi Family

  • Number Of Units Total: 7
  • Electric Expense: 3984.0
  • Insurance Expense: 8461.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2023 10/24/23 Sold $1,850,000 -22.9% $263 / Sq Ft
10/03/2023 10/03/23 Pending -- -- --
09/22/2023 09/22/23 Price Changed $2,400,000 +4.3% $341 / Sq Ft
09/21/2023 09/21/23 For Sale $2,300,000 -- $327 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22326388

MOREMLS (Monmouth Ocean Regional REALTORS®)