$749,168
SOLD JUN 17, 2021

55 Melrose Terrace Unit 306 Long Branch, NJ 07740

3 Beds
2 Baths
1,744 Sq Ft
$900/mo HOA Fee

Recently Sold

$430 Per Sq Ft

6 Days on Market

Highlights

  • Fitness Center
  • Oceanside
  • New Kitchen
  • Concrete Pool
  • 3.16 Acre Lot
  • Engineered Wood Flooring

About This Home

As of April 2025

NOT ONE, NOT TWO, BUT THREE PARKING SPACES COME WITH THIS THREE-BEDROOM CONDO IN 55 MELROSE IN PIER VILLAGE. In addition to two spaces in the underground garage there is a third assigned space, #72, in front of the building. This sleek and modern apartment also features a den which could make a fourth sleeping area. Located in popular Pier Village, 55 Melrose is a short walk to stores, the boardwalk, and the beach. Amenities include restricted building access, a community pool, and a fitness room. THREE BEDROOM CONDOS ARE HARD TO FIND. THREE BEDROOM CONDOS WITH THREE ASSIGNED PARKING SPACES ARE ONE OF A KIND. SEE THIS ONE TODAY!

Last Agent to Sell the Property

Richard Nagel

RE/MAX Elite License #7937272 Listed on: 05/01/2021

RE/MAX Elite

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,932

Year Built

  • Built in 2000

Lot Details

  • End Unit
  • Landscaped

HOA Fees

  • $900 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1,744 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet on the main level
  • Light Fixtures
  • Thermal Windows
  • Insulated Windows
  • Blinds
  • Window Screens
  • French Doors
  • Insulated Doors
  • Living Room
  • Dining Room
  • Den
  • Dryer

Kitchen

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

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom Bathtub Only

Pool

  • Concrete Pool
  • Fence Around Pool

Outdoor Features

  • Oceanside
  • Terrace
  • Exterior Lighting

Location

  • Upper Level

Schools

  • Long Branch Middle School
  • Long Branch High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 27-00225-03-00002-05-C0306

Community Details

Overview

  • Front Yard Maintenance
  • Association fees include trash, common area, exterior maint, fire/liab, lawn maintenance, mgmt fees, pool, snow removal
  • 44 Units
  • Pier Village Subdivision, Three Bedroom Floorplan
  • On-Site Maintenance

Amenities

  • Common Area

Recreation

  • Fitness Center
  • Community Pool
  • Snow Removal

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,932

Year Built

Built in 2000

Lot Details

0

HOA Fees

$900 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Model: Three Bedroom
  • ResoLotFeatures: Ocean Block
  • ResoPoolFeatures: Common, Concrete, Fenced, Heated
  • Reso Association Amenities: Professional Management, Controlled Access, Association, Exercise Room, Pool, Common Area, Landscaping
  • Reso Association Fee Includes: Trash, Common Area, Exterior Maint, Fire/Liab, Lawn Maintenance, Mgmt Fees, Pool, Snow Removal
  • Inclusions: AC Units, Blinds/Shades, Dishwasher, Dryer, Electric Cooking, Light Fixtures, Microwave, Self/Con Clean, Stove, Refrigerator, Screens
  • Subdivision Name: Pier Village
  • Architectural Style: End Unit, One Level Unit, Upper Level, Condo
  • Reso Flooring: Ceramic Tile, W/W Carpet, Engineered
  • Reso Interior Features: Ceilings - 9Ft+ 1st Flr, French Doors
  • New Construction: No
  • ResoWindowFeatures: Insulated Windows
  • Year Built: 2000
  • 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 # Parking Spaces2: 3.0
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • WaterSewer Public Sewer: Yes
  • Floors Engineered: Yes
  • Kitchen Center Island: 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 Controlled Access: Yes
  • Exterior Terrace: Yes
  • Garage Direct Entry: Yes
  • General Property Info Acreage: 3.16
  • General Property Info Farm: No
  • Location Middle School: Long Branch
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Kitchen Newer: Yes
  • Cooling Central Air: Yes
  • Water Heater Electric2: Yes
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Exterior Lighting: Yes
  • Parking Asphalt: Yes
  • Interior French Doors: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: 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
  • Kitchen GraniteStone Counter: Yes
  • SidingBrick: Yes
  • Pool Fenced: Yes
  • Kitchen Ceramic Tile3: Yes
  • Included SelfCon Clean: Yes
  • Allowable One Cat: Yes
  • Allowable One Dog: Yes
  • Style End Unit: Yes
  • General Property Info # UnitsBldgs: 44.0
  • Pool Concrete2: Yes
  • Heating Electric Heat Pump2: Yes
  • Cooling 3 Zoned AC: Yes
  • Heating 3 Zoned Heat: Yes
  • Energy Features Insulated Doors: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Bedrooms: 7
  • Stories: 1
  • Basement:None2: Yes
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Slab: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Other Rooms:Den2: 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
  • Primary Bath Double Sinks: Yes

Exterior Features

  • Roof: Flat
  • Acres: 3.16
  • Topography: Level
  • Waterfront Features: Oceanside/Beach Blk
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Controlled Access, Terrace, Thermal Window, Lighting
  • Foundation Details: Slab
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Open, Paved, Asphalt, Assigned, Off Street, On Street, Direct Access, Underground
  • Total Parking Spaces: 3.0
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:Assigned: Yes
  • Parking:On Street: Yes
  • Parking:Paved: Yes
  • Parking Open: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric Heat Pump, Central Air, 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: 899.62
  • 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

  • Lot Size Sq Ft: 137649.6
  • Parcel #: 27-00225-03-00002-05-C0306
  • Zoning Description: Residential

Green Features

  • Energy Features Insulated Windows: Yes

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 13932.0

Multi Family

  • Number Of Units Total: 44

MLS Schools

  • High School: Long Branch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2025
Closed on
Mar 18, 2025
Sold by
Susser Jack and Susser Bonnie
Bought by
Meleis Family Trust
Seller's Agent
Claudia Roesing
Corcoran Infinity Properties
Buyer's Agent
Claudia Roesing
Corcoran Infinity Properties
List Price
$979,999
Sold Price
$925,000
Premium/Discount to List
-$54,999
-5.61%
Views
79
Current Estimated Value
$967,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,367
Avg. Annual Appreciation
11.85%

Purchase Details

Closed on
Jul 22, 2024
Sold by
55 Melrose Condominium Association Inc
Bought by
55 M Condominium

Purchase Details

Listed on
May 1, 2021
Closed on
Jun 11, 2021
Sold by
Yu Tiffany and Nguyen David
Bought by
Susser Jack and Susser Bonnie
Seller's Agent
Richard Nagel
RE/MAX Elite
Buyer's Agent
NON MEMBER
VRI Homes
List Price
$749,168
Sold Price
$749,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%
Original Mortgage
$450,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2014
Sold by
55 Melrose Llc
Bought by
Yu Tiffany and Nguyen David
Source: Public Records

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Range of Values:

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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 $925,000 North Star Title
Deed $925,000 North Star Title
Deed -- None Listed On Document
Bargain Sale Deed $749,168 Town Title Agency Llc
Condominium Deed $649,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $450,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Pending -- -- --
04/03/2025 04/03/25 Sold $925,000 -5.6% $530 / Sq Ft
02/07/2025 02/07/25 For Sale $979,999 +30.8% $562 / Sq Ft
06/17/2021 06/17/21 Sold $749,168 0.0% $430 / Sq Ft
05/07/2021 05/07/21 Pending -- -- --
05/01/2021 05/01/21 For Sale $749,168 -- $430 / 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 $13,781 $930,000 $432,000 $498,000
2024 $12,972 $896,600 $415,000 $481,600
2023 $12,972 $835,300 $370,000 $465,300
2022 $12,504 $733,500 $309,000 $424,500
2021 $12,504 $624,900 $260,000 $364,900
2020 $13,932 $666,600 $300,000 $366,600
2019 $13,787 $655,900 $420,000 $235,900
2018 $13,743 $650,100 $420,000 $230,100
2017 $13,421 $651,200 $420,000 $231,200
2016 $13,702 $678,000 $450,000 $228,000
2015 $13,487 $605,600 $375,000 $230,600
2014 $13,134 $621,600 $360,000 $261,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22113349

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00225-03-00002-05-C0306