NOT LISTED FOR SALE

55 Melrose Terrace Unit 406 Long Branch, NJ 07740

Estimated Value: $925,653 - $1,065,000

3 Beds
2 Baths
1,744 Sq Ft
3.16 Acres

Last Sold May 13, 2024

Last sale price $900,000 $516 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,395/month

46 Days on Market

Highlights

  • Fitness Center
  • Property is near public transit
  • Granite Countertops
  • Private Pool
  • Wood Flooring
  • Den

About This Home

As of May 2024

Welcome to this exquisite 3BR, 2FB condo in Long Branch. Managed by Urban Building Evaluation, this unit epitomizes modern living. Upon entry, you're welcomed into a spacious family room, ideal for relaxation & entertainment. Continuing down the hallway, you'll find two bedrooms on one side along with a full bathroom. On the opposite side of the hallway lies the master suite, boasting a luxurious full bath & a generously sized walkin closet, providing a private sanctuary. Then you'll lead to the dining room, kitchen, & living room, all bathed in natural light from the balcony beyond. The kitchen boasts a center island, granite countertops, & state-of-the-art appliances. Central air, forced air heating, & exterior amenities such as a pool & terrace enhance the appeal of this home. With the convenience of 2 garage parking spaces & HOA-covered maintenance, ease of living is guaranteed. Situated near shops, dining options, & public transport! Owner financing option available.

Last Agent to Sell the Property

Andres Ospina

KELLER WILLIAMS PARK VIEWS REA Listed on: 03/08/2024

KELLER WILLIAMS PARK VIEWS REA

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,972

Year Built

  • Built in 2000

Lot Details

  • 3.16

Parking

  • 2 Car Attached Garage
  • Open Parking

Home Design

  • Wood Roof

Interior Spaces

  • 1,744 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Den

Kitchen

  • Gas Oven or Range
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • Private Pool

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Community Details

Recreation

  • Fitness Center
  • Community Pool

Additional Features

  • Association fees include management fee, common area maintenance, trash, maintenance fee, water
  • Maintenance Expense $1,007

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,972

Year Built

Built in 2000

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Condo/TH
  • Prop. Type: Residential
  • Lot Size: 0.00 x 0.00
  • Ownership: Condominium
  • Subdivision Name: none
  • Architectural Style: Remarks
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One, See Remarks, 4th Floor
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 2000
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Bedroom/Bathroom Features: Stall Shower and Tub
  • Dining Room Features: Living Dining Combo
  • Master Bedroom Features: Full Bath, Walk-In Closet(s)
  • Room Kitchen Features: Granite/Corian Countertops, Kitchen Island
  • Appliances: Dryer, Gas Range/Oven, Refrigerator, Washer, Gas Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: 3 Bedrooms, Kitchen, Bath Half, Living Room, Bath Full, Bath Main, Den, Dining Room, None, Den/Study
  • Living Area: 1744
  • Stories: 1

Exterior Features

  • Lot Features: Near Shopping, Near Train, Level, Near Public Transit
  • Pool Features: Outdoor Pool
  • Roof: Wood

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: See Remarks, Garage, Attached

Utilities

  • Gas Company: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Outdoor Pool, Fitness Center
  • Senior Community: No
  • Association #2 Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Management Fee, Common Area Maintenance, Trash, Maintenance Fee, Water

Lot Info

  • Zoning: P/VC

Multi Family

  • Maintenance Expense: 1007

Tax Info

  • Tax Annual Amount: 12972
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
Jun 6, 2024
Sold by
Manzano Wilfred and Manzano Linda
Bought by
Scerbo John and Scerbo Susan
Seller's Agent
Andres Ospina
KELLER WILLIAMS PARK VIEWS REA
List Price
$999,900
Sold Price
$900,000
Premium/Discount to List
-$99,900
-9.99%
Views
48
Current Estimated Value
$990,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,413
Avg. Annual Appreciation
7.08%

Purchase Details

Listed on
Mar 8, 2024
Closed on
May 13, 2024
Sold by
Manzano Wilfred and Manzano Linda
Bought by
Scerbo John and Scerbo Susan
Seller's Agent
Andres Ospina
KELLER WILLIAMS PARK VIEWS REA
List Price
$999,900
Sold Price
$900,000
Premium/Discount to List
-$99,900
-9.99%
Views
48

Purchase Details

Listed on
Apr 15, 2021
Closed on
Jul 23, 2021
Sold by
Carrier Sheryl and Carrier Thierry
Bought by
Manzano Wilfred and Manzano Linda
Seller's Agent
Andrew Kligman
RE/MAX Synergy
Buyer's Agent
Marcelle Bale
Coldwell Banker Res. Brokerage
List Price
$775,000
Sold Price
$740,000
Premium/Discount to List
-$35,000
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%
Interest Rate
2.78%

Purchase Details

Closed on
May 14, 2014
Sold by
55 Melrose Llc
Bought by
Carrier Thierry and Carrier Sheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,960
Interest Rate
4.33%
Mortgage Type
New Conventional
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
Scerbo John $900,000 Obrien Title
Scerbo John $900,000 Obrien Title
Manzano Wilfred $740,000 --
Carrier Thierry $646,200 Waterfront Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Manzano Wilfred --
Previous Owner Carrier Thierry $356,960
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2024 05/13/24 Sold $900,000 -8.1% $516 / Sq Ft
04/09/2024 04/09/24 Price Changed $979,000 -2.1% $561 / Sq Ft
03/08/2024 03/08/24 For Sale $999,900 +35.1% $573 / Sq Ft
07/20/2021 07/20/21 Sold $740,000 -1.3% -- View Prior Sale
06/11/2021 06/11/21 Pending -- -- --
05/22/2021 05/22/21 Price Changed $750,000 -3.2% --
04/14/2021 04/14/21 For Sale $775,000 -- --
Source: All Jersey MLS

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 $13,470 $900,400 $432,000 $468,400
2024 $12,972 $876,400 $415,000 $461,400
2023 $12,972 $835,300 $370,000 $465,300
2022 $12,504 $733,500 $309,000 $424,500
2021 $13,932 $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 $13,874 $656,600 $395,000 $261,600
Source: Public Records

Agents Affiliated with this Home

  • Andres Ospina

    Seller's Agent in 2024

    Andres Ospina

    KELLER WILLIAMS PARK VIEWS REA

    (201) 294-9968

    1 in this area

    171 Total Sales

    Andres Ospina
    Section Image
  • Andrew Kligman

    Seller's Agent in 2021

    Andrew Kligman

    RE/MAX

    (732) 673-8446

    14 in this area

    65 Total Sales

    Andrew Kligman
    Section Image

  • M

    Buyer's Agent in 2021

    Marcelle Bale

    Coldwell Banker Res. Brokerage

See All Agents

Map

Source: All Jersey MLS

MLS Number: 2409019R

All Jersey MLS

APN: 27-00225-03-00002-05-C0406

New Jersey Monmouth County Long Branch 07740

55 Melrose Terrace Unit 406, Long Branch, NJ

This home is located at 55 Melrose Terrace Unit 406, Long Branch, NJ 07740 since 08 March 2024 and is currently estimated at $990,413, approximately $567 per square foot. This property was built in 2000. 55 Melrose Terrace Unit 406 is a home located in Monmouth County with nearby schools including Long Branch High School and Holy Trinity School.

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