NOT LISTED FOR SALE

55 Melrose Terrace Unit 114 Long Branch, NJ 07740

Estimated Value: $690,425 - $1,181,000

2 Beds
2 Baths
1,207 Sq Ft
$659/mo HOA Fee

Last Sold October 31, 2018

Last sale price $505,000 $418 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $6,079/month

74 Days on Market

Highlights

  • Fitness Center
  • Wood Flooring
  • Balcony
  • Heated In Ground Pool
  • Terrace
  • Ceiling height of 9 feet on the main level

About This Home

As of October 2018

Great opportunity to live by the beach, boardwalk and beautiful Pier Village shopping and restaurants! This aggressively priced, spacious, and meticulously kept 2/bed 2/bath Pier Village condo with terrace features a open floor plan with a living/dining area, 9ft+ ceilings, gourmet kitchen with stainless appliances and Caesar-stone countertop. The large master bedroom is complimented with his and her closets (one walk-in) and a luxurious on-suite. Wood floors in main living area, and in-unit washer & dryer complete this 1200+ square foot unit. Building has outdoor & underground garage assigned parking and amenities include access to pool and fitness center. This well appointed unit is priced to sell and available for a quick closing! Pets and yearly rentals allowed. A MUST SEE!!

Last Agent to Sell the Property

Rashel Plean

EXIT Realty East Coast Shirvanian Listed on: 06/29/2018

Last Buyer's Agent

Stephen Okros

Results Real Estate, L.L.C

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,120

Lot Details

  • 2.32

HOA Fees

  • $659 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 1,207 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet on the main level
  • Light Fixtures
  • Blinds
  • Living Room
  • Dining Room
  • Home Security System

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Primary Bathroom Bathtub Only

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Terrace

Schools

  • Long Branch Middle School

Utilities

  • Multiple cooling system units
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 27-00225-03-00002-05-C0114

Community Details

Overview

  • Front Yard Maintenance
  • Association fees include trash, common area, exterior maint, lawn maintenance, mgmt fees, snow removal
  • 44 Units
  • Pier Village Subdivision
  • On-Site Maintenance

Recreation

  • Fitness Center
  • Community Pool
  • Snow Removal

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Common Area
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,120

Lot Details

0

HOA Fees

$659 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • ResoPoolFeatures: Common, Heated, In Ground
  • Reso Association Amenities: Professional Management, Association, Exercise Room, Pool
  • Reso Association Fee Includes: Trash, Common Area, Exterior Maint, Lawn Maintenance, Mgmt Fees, Snow Removal
  • Inclusions: Washer, Blinds/Shades, Dishwasher, Dryer, Light Fixtures, Security System, Stove, Refrigerator
  • Subdivision Name: Pier Village
  • Architectural Style: One Level Unit
  • Reso Flooring: W/W Carpet, Wood
  • Reso Interior Features: Balcony, Ceilings - 9Ft+ 1st Flr, Security System
  • New Construction: No
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Assigned Parking: Yes
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • WaterSewer Public Sewer: Yes
  • Common Elements Exercise Room: Yes
  • Common Elements Pool4: Yes
  • Garage Underground Garage: Yes
  • Pool Common2: Yes
  • Pool Heated3: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Exterior Maint: Yes
  • Exterior Terrace: Yes
  • General Property Info Farm: No
  • Location Middle School: Long Branch
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Interior Balcony: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Included BlindsShades: Yes
  • Included Light Fixtures: Yes
  • Kitchen Floor - Ceramic4: Yes
  • Foyer Floor - Wood: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • SidingBrick: Yes
  • Included Security System2: Yes
  • Cooling Multi Units: Yes
  • General Property Info # UnitsBldgs: 44.0
  • SidingStucco: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Total Bedrooms: 7
  • Stories: 1
  • Basement:None2: Yes
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Features Interior:Security System: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bath:Tub: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bedroom Level:First43: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Terrace
  • Exterior Features:Pool-In Ground: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Underground
  • General Property Info:Garage: Yes
  • Parking:Assigned: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Electric
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association Fee: 658.88
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Fee Includes Lawn Maintenance: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes
  • Association Fee Includes:Trash: Yes

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Parcel #: 27-00225-03-00002-05-C0114
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 9120.0

Multi Family

  • Number Of Units Total: 44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2018
Closed on
Oct 29, 2018
Sold by
Finz Robert and Diamond Laurie Jill
Bought by
Kellers Jay M
Seller's Agent
Rashel Plean
EXIT Realty East Coast Shirvanian
Buyer's Agent
Stephen Okros
Results Real Estate, L.L.C
Sold Price
$505,000
Current Estimated Value
$862,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,106
Avg. Annual Appreciation
8.01%
Original Mortgage
$453,100
Outstanding Balance
$396,773
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$465,333
Source: Public Records

Range of Values:

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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
Kellers Jay M $505,000 Two Rivers Title Co Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kellers Jay M $453,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2018 10/31/18 Sold $505,000 +24.7% $418 / Sq Ft
09/02/2014 09/02/14 Sold $405,001 -- $336 / Sq Ft View Prior Sale
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 $9,975 $676,600 $432,000 $244,600
2024 $9,214 $649,000 $415,000 $234,000
2023 $9,214 $593,300 $370,000 $223,300
2022 $9,429 $541,200 $309,000 $232,200
2021 $9,429 $471,200 $260,000 $211,200
2020 $10,709 $512,400 $300,000 $212,400
2019 $9,793 $465,900 $295,000 $170,900
2018 $9,338 $441,700 $275,000 $166,700
2017 $9,120 $442,500 $275,000 $167,500
2016 $8,894 $440,100 $275,000 $165,100
2015 $8,509 $382,100 $215,000 $167,100
2014 $7,524 $356,100 $175,000 $181,100
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Rashel Plean

    EXIT Realty East Coast Shirvanian

  • S

    Buyer's Agent in 2018

    Stephen Okros

    Results Real Estate, L.L.C

  • L

    Seller's Agent in 2014

    Lisa Jerman

    The Marketing Directors Inc.

  • D

    Seller Co-Listing Agent in 2014

    Dawn Nassaney

    The Marketing Directors Inc.

  • P

    Buyer's Agent in 2014

    Paul Kiernan

    Murphy Realty Preferred Homes

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21825671

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00225-03-00002-05-C0114

New Jersey Monmouth County Long Branch 07740

55 Melrose Terrace Unit 114, Long Branch, NJ

This home is located at 55 Melrose Terrace Unit 114, Long Branch, NJ 07740 since 29 June 2018 and is currently estimated at $862,106, approximately $714 per square foot. 55 Melrose Terrace Unit 114 is a home located in Monmouth County with nearby schools including Long Branch High School and Holy Trinity School.

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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