NOT LISTED FOR SALE

55 Melrose Terrace Unit 213 Long Branch, NJ 07740

Estimated Value: $721,624 - $930,000

2 Beds
2 Baths
1,260 Sq Ft
$688/mo HOA Fee

Last Sold March 03, 2021

Last sale price $525,000 $417 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $5,673/month

105 Days on Market

Highlights

  • Ocean View
  • Concrete Pool
  • 2.42 Acre Lot
  • Fitness Center
  • Oceanside
  • New Kitchen

About This Home

As of March 2021

DON'T MISS THIS STYLISHLY DECORATED AND IMPECCABLY KEPT TWO-BEDROOM CONDO IN POPULAR PIER VILLAGE. Located just a block from the beach on the east side of Ocean Boulevard, this home features an ocean view from the terrace, eye pleasing colors, a bright, open kitchen with stainless steel appliances, and two modern baths. Amenities at 55 Melrose include a community pool, a cardio room, and with your own private parking space in the underground garage. LOCATED WITHIN WALKING DISTANCE OF THE TRAIN STATION AND IN THE CENTER OF THE LONG BRANCH BEACHFRONT/PIER VILLAGE, YOU'LL BE ABLE TO ENJOY LIFE ON SHORE WITHOUT THE NEED FOR A CAR.

Last Agent to Sell the Property

Richard Nagel

RE/MAX Elite License #7937272 Listed on: 10/04/2020

RE/MAX Elite

Last Buyer's Agent

Marc Feingold

Weichert Realtors-Manalapan

Weichert Realtors-Manalapan

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,928

Year Built

  • Built in 2000

Lot Details

  • Landscaped

HOA Fees

  • $688 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • On-Street Parking
  • Visitor Parking
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,260 Sq Ft Home
  • 1-Story Property
  • Light Fixtures
  • Thermal Windows
  • Insulated Windows
  • Blinds
  • Window Screens
  • French Doors
  • Living Room
  • Ocean Views

Kitchen

  • New Kitchen
  • Self-Cleaning Oven
  • Electric Cooktop
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Oceanside
  • Terrace

Schools

  • Long Branch Middle School
  • Long Branch High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 27-00225-03-00002-05-C0213

Community Details

Overview

  • Front Yard Maintenance
  • Association fees include common area, exterior maint, fire/liab, lawn maintenance, mgmt fees, pool, snow removal, water
  • Pier Village Subdivision
  • On-Site Maintenance

Amenities

  • Common Area

Recreation

  • Fitness Center
  • Community Pool
  • Snow Removal

Security

  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,928

Year Built

Built in 2000

Lot Details

0

HOA Fees

$688 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • ResoLotFeatures: Ocean Block, Oceanside
  • ResoPoolFeatures: Common, Concrete, Fenced, Heated, In Ground
  • Reso Association Amenities: Professional Management, Controlled Access, Association, Exercise Room, Pool, Common Area, Landscaping
  • Reso Association Fee Includes: Common Area, Exterior Maint, Fire/Liab, Lawn Maintenance, Mgmt Fees, Pool, Snow Removal, Water
  • Inclusions: AC Units, Washer, Blinds/Shades, Dishwasher, Dryer, Electric Cooking, Light Fixtures, Microwave, Self/Con Clean, Stove, Refrigerator, Screens
  • Subdivision Name: Pier Village
  • Architectural Style: One Level Unit, Condo
  • Reso Flooring: Ceramic Tile, W/W Carpet, Wood
  • Reso Interior Features: French Doors
  • New Construction: No
  • ResoWindowFeatures: Insulated Windows
  • Year Built: 2000
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Assigned Parking: Yes
  • General Property Info # Parking Spaces2: 1.0
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Common Elements Common Area: Yes
  • Common Elements Controlled Access2: 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
  • Fee Includes Pool3: Yes
  • Exterior Terrace: Yes
  • Garage Direct Entry: Yes
  • General Property Info Acreage: 2.42
  • General Property Info Farm: No
  • Location Middle School: Long Branch
  • Living Room Floor - Wood2: Yes
  • Kitchen Newer: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Parking Asphalt: Yes
  • Interior French Doors: Yes
  • Included BlindsShades: Yes
  • Included Electric Cooking: Yes
  • Included Light Fixtures: Yes
  • Exterior Thermal Window: Yes
  • Number Appliances Included A C Units: Yes
  • Included Screens: Yes
  • Common Elements Landscaping: Yes
  • SidingBrick: Yes
  • Pool Fenced: Yes
  • Kitchen Ceramic Tile3: Yes
  • Included SelfCon Clean: Yes
  • Parking Visitor: Yes
  • Pool Concrete2: Yes
  • Heating Electric Heat Pump2: Yes
  • Cooling 3 Zoned AC: Yes
  • Heating 3 Zoned Heat: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Total Bedrooms: 4
  • Stories: 1
  • Basement:None2: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Slab: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bedroom Level:First43: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 2.42
  • Topography: Level
  • Waterfront Features: Oceanside/Beach Blk, Oceanview
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Terrace, Thermal Window
  • Foundation Details: Slab
  • Exterior Features:Pool-In Ground: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Paved, Asphalt, Off Street, On Street, Visitor, Direct Access, Underground
  • Total Parking Spaces: 1.0
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking:Paved: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric Heat Pump, 3+ Zoned AC
  • Cooling Y N: Yes
  • Heating: Electric, Electric Heat Pump, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes
  • HeatingCooling:Electric Heat Pump: Yes

Condo/Co-op/Association

  • Association Fee: 687.81
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Fee Includes Lawn Maintenance: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes
  • AssociationHOA Fee Includes:Water: Yes

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Size Sq Ft: 105415.2
  • Parcel #: 27-00225-03-00002-05-C0213
  • Zoning Description: Residential

Green Features

  • Energy Features Insulated Windows: Yes

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 9928.0

MLS Schools

  • High School: Long Branch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2020
Closed on
Feb 23, 2021
Sold by
Schultz Virginia
Bought by
Pham William and Rovenskaya Svetlana
Seller's Agent
Richard Nagel
RE/MAX Elite
Buyer's Agent
Marc Feingold
Weichert Realtors-Manalapan
List Price
$579,000
Sold Price
$525,000
Premium/Discount to List
-$54,000
-9.33%
Current Estimated Value
$778,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,406
Avg. Annual Appreciation
8.96%
Original Mortgage
$420,000
Outstanding Balance
$375,644
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$402,762
Source: Public Records

Range of Values:

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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
Pham William $525,000 Foundation Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pham William $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2021 03/03/21 Sold $525,000 -4.5% $417 / Sq Ft
01/18/2021 01/18/21 Pending -- -- --
10/12/2020 10/12/20 Price Changed $550,000 -5.0% $437 / Sq Ft
10/04/2020 10/04/20 For Sale $579,000 -- $460 / 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 $10,104 $685,400 $432,000 $253,400
2024 $9,338 $657,400 $415,000 $242,400
2023 $9,338 $601,300 $370,000 $231,300
2022 $9,587 $549,500 $309,000 $240,500
2021 $10,876 $479,100 $260,000 $219,100
2020 $10,876 $520,400 $300,000 $220,400
2019 $9,928 $472,300 $295,000 $177,300
2018 $9,469 $447,900 $275,000 $172,900
2017 $9,250 $448,800 $275,000 $173,800
2016 $9,020 $446,300 $275,000 $171,300
2015 $9,427 $423,300 $250,000 $173,300
2014 $9,276 $439,000 $250,000 $189,000
Source: Public Records

Agents Affiliated with this Home

  • Richard Nagel

    Seller's Agent in 2021

    Richard Nagel

    RE/MAX

    (908) 433-9012

    24 in this area

    148 Total Sales

    Richard Nagel
    Section Image

  • M

    Buyer's Agent in 2021

    Marc Feingold

    Weichert Realtors-Manalapan

    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22035791

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00225-03-00002-05-C0213

New Jersey Monmouth County Long Branch 07740

55 Melrose Terrace Unit 213, Long Branch, NJ

This home is located at 55 Melrose Terrace Unit 213, Long Branch, NJ 07740 since 04 October 2020 and is currently estimated at $778,406, approximately $617 per square foot. This property was built in 2000. 55 Melrose Terrace Unit 213 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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