NOT LISTED FOR SALE

55 Melrose Terrace Unit 314 Long Branch, NJ 07740

Estimated Value: $682,126 - $1,017,000

2 Beds
2 Baths
1,207 Sq Ft
$658/mo HOA Fee

Last Sold August 17, 2020

Last sale price $510,000 $423 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,790/month

142 Days on Market

Highlights

  • Fitness Center
  • Oceanside
  • Terrace
  • In Ground Pool
  • Wood Flooring
  • Breakfast Area or Nook

About This Home

As of August 2020

FULLY FURNISHED luxury condo in complex that has been completely updated inside & out w/in past 5 years in prime Pier Village 2 blocks to beach! Turn-key 2 bed/2 bath includes all furnishings: Italian leather sofas, Pottery Barn bed sets, 3 flat screen TVs, dining set... Located on quiet side of building overlooking cul-de-sac w/ views of pool. Full size front loading W/D in unit. Secure building w/ restricted, key-fob only, front & garage entry. Garage provides secure direct-access elevator from garage-ground level to 3rd floor. Conveniently located to restaurants, shopping, beach, Jersey Shore & Monmouth Medial centers, Monmouth Univ., NJ Transit train & NYC bus, 15 mins to Sea Streak Ferry & GSP. Park your cars in private garage, unpack. Enjoy the Shore! Large, light-filled Master suite w/ ample storage. Guest bedroom features large closet & access to fully updated bath. Home features hardwood floors in living & dining areas, 9ft ceilings. Open-concept gourmet kitchen w/ SS appliances/dining/living area perfect for entertaining w/ access to balcony.2 indoor, assigned parking spaces w/ room to add storage unit for beach gear! Amenities include pool, fitness area, pets allowed. Financially sound management company provides regular cleaning & maintenance. Association updates include: vestibule, lobby, halls (2018), carpeting and exterior painting (2017). Condo can also be purchased unfurnished.

Last Agent to Sell the Property

Kelley McCarthy-Kane

O'Brien Realty, LLC License #1537856 Listed on: 02/15/2020

O'Brien Realty, LLC

Co-Listed By

Bernadette Bonner

O'Brien Realty, LLC License #1541225

Last Buyer's Agent

Paul Kiernan

Murphy Realty Preferred Homes

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,975

Year Built

  • Built in 2000

Lot Details

  • 2.32

HOA Fees

  • $658 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Visitor Parking

Home Design

  • Shingle Roof

Interior Spaces

  • 1,207 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Window Screens
  • Living Room
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Self-Cleaning Oven
  • Electric Cooktop
  • Stove
  • Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Primary Bathroom Bathtub Only

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Oceanside
  • Balcony
  • Terrace

Schools

  • Long Branch Middle School
  • Long Branch High School

Utilities

  • Air Conditioning
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Exclusions: Artwork, Liquor Cabinet in Living Room, Storage Unit in Master Bath, Dishes, Personal Items
  • Assessor Parcel Number 27-00225-03-00002-05-C0314

Community Details

Overview

  • Front Yard Maintenance
  • Association fees include trash, common area, exterior maint, lawn maintenance, mgmt fees, pool, snow removal, water
  • 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

$9,975

Year Built

Built in 2000

Lot Details

0

HOA Fees

$658 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • ResoLotFeatures: Ocean Block, Oceanside
  • ResoPoolFeatures: In Ground
  • Reso Association Amenities: Professional Management, Association, Exercise Room, Pool, Common Area
  • Reso Association Fee Includes: Trash, Common Area, Exterior Maint, Lawn Maintenance, Mgmt Fees, Pool, Snow Removal, Water
  • Co List Office Mls Id: 2928
  • Co List Office Phone: 732-229-3532
  • Inclusions: AC Units, Washer, Window Treatments, Blinds/Shades, Dishwasher, Dryer, Electric Cooking, Microwave, Security System, Self/Con Clean, Stove, Stove Hood, Refrigerator, Screens
  • Subdivision Name: Pier Village
  • Architectural Style: Condo
  • New Construction: No
  • Property Attached Yn: Yes
  • 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: 2.0
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Style Attached2: Yes
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • Common Elements Common Area: Yes
  • Common Elements Exercise Room: Yes
  • Common Elements Pool4: Yes
  • Garage Underground Garage: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Exterior Maint: Yes
  • Fee Includes Pool3: 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
  • Parking Asphalt: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Included BlindsShades: Yes
  • Included Electric Cooking: Yes
  • Included Stove Hood: Yes
  • Number Appliances Included A C Units: Yes
  • Included Screens: Yes
  • Included Window Treatments: Yes
  • Foyer Floor - Wood: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • Included SelfCon Clean: Yes
  • Kitchen BnookDining Area: Yes
  • Kitchen Floor - Wood4: Yes
  • Included Security System2: Yes
  • Parking Visitor: Yes
  • Allowable Elevator4: Yes
  • Heating Electric Heat Pump2: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Total Bedrooms: 6
  • Stories: 1
  • Basement:None2: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bath:Tub: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Oceanside/Beach Blk
  • Waterfront: No
  • Exclusions: Artwork, Liquor Cabinet in Living Room, Storage Unit in Master Bath, Dishes, Personal Items
  • Exterior Features: Balcony, Terrace
  • Exterior Features:Pool-In Ground: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Asphalt, Visitor, Underground
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: 658.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Fee Includes Lawn Maintenance: Yes

Association/Amenities

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

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Parcel #: 27-00225-03-00002-05-C0314
  • Zoning Description: Residential

MLS Schools

  • High School: Long Branch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2020
Closed on
Aug 13, 2020
Sold by
Toresco Albert and Toresco Kelly
Bought by
Bhambri Ajay and Bhambri Neha Madhok
Seller's Agent
Kelley McCarthy-Kane
O'Brien Realty, LLC
Buyer's Agent
Paul Kiernan
Murphy Realty Preferred Homes
List Price
$539,000
Sold Price
$510,000
Premium/Discount to List
-$29,000
-5.38%
Current Estimated Value
$808,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,032
Avg. Annual Appreciation
9.42%
Original Mortgage
$408,000
Outstanding Balance
$361,250
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$446,782
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
Bhambri Ajay $510,000 Golden Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhambri Ajay $408,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2020 08/17/20 Sold $510,000 -5.4% $423 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
02/15/2020 02/15/20 For Sale $539,000 -- $447 / 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 $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 $10,105 $541,200 $309,000 $232,200
2021 $10,105 $505,000 $260,000 $245,000
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 $9,289 $417,100 $250,000 $167,100
2014 $8,475 $401,100 $220,000 $181,100
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kelley McCarthy-Kane

    O'Brien Realty, LLC

    Section Image

  • B

    Seller Co-Listing Agent in 2020

    Bernadette Bonner

    O'Brien Realty, LLC

    (908) 295-6999

    12 Total Sales

    Bernadette Bonner
    Section Image

  • P

    Buyer's Agent in 2020

    Paul Kiernan

    Murphy Realty Preferred Homes

    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22006256

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00225-03-00002-05-C0314

New Jersey Monmouth County Long Branch 07740

55 Melrose Terrace Unit 314, Long Branch, NJ

This home is located at 55 Melrose Terrace Unit 314, Long Branch, NJ 07740 since 15 February 2020 and is currently estimated at $808,032, approximately $669 per square foot. This property was built in 2000. 55 Melrose Terrace Unit 314 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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