NOT LISTED FOR SALE

55 Melrose Terrace Unit 407 Long Branch, NJ 07740

Estimated Value: $589,000 - $712,000

1 Bed
1 Bath
1,000 Sq Ft
$533/mo HOA Fee

Last Sold October 19, 2021

Last sale price $450,000 $450 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $4,577/month

20 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Wood Flooring
  • Fitness Center
  • Oceanside
  • Balcony

About This Home

As of October 2021

SPACIOUS TOP FLOOR 1 BEDROOM UNIT WITH OPEN LAYOUT AND PRIVATE TERRACE WITH BEAUTIFUL OCEAN VIEW! LOCATED IN DESIRABLE MELROSE CONDOMINIUM. STEPS TO BEACH, SHOPPING, RESTAURANTS, POOL, EXERCISE ROOM AND PIER VILLAGE AMENITIES. THIS UNIT FEATURES 9FT CEILINGS, LARGE LIVING ROOM WITH LOVELY WOOD FLOORS AND DOOR TO PRIVATE TERRACE. KITCHEN WITH MANY CABINETS, PANTRY AND STAINLESS STEEL APPLIANCES. LARGE BEDROOM WITH WALK IN CLOSET AND ACCESS TO LARGE FULL BATH WITH DOUBLE SINKS. NEW HEAT AND AIR CONDITIONING PUMPS, NEW FRONT LOADING WASHER AND DRYER IN UNIT AND HOT WATER HEATER. HURRICANE WINDOWS AND TERRACE DOOR. BUILDING HAS HI-TECH SECURITY CAMERAS WITH OWNER ACCESS. LOBBY AND HALLWAYS REDECORATED IN 2018 AND BUILDING REPAINTED IN 2017. MOVE RIGHT IN! EXCELLENT VALUE!

Last Agent to Sell the Property

Maryann Josephson

RE/MAX Real Estate Limited License #9807794 Listed on: 08/17/2021

RE/MAX Real Estate Limited

Last Buyer's Agent

Barbara Youchah

Patrick Parker Realty License #2185774

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,144

Lot Details

  • Landscaped

HOA Fees

  • $533 Monthly HOA Fees

Home Design

  • Mid Level
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Ceiling height of 9 feet on the main level
  • Light Fixtures
  • Window Screens
  • Ocean Views
  • Home Security System

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom Bathtub Only

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • No Garage
  • Paved Parking
  • Assigned Parking

Outdoor Features

  • In Ground Pool
  • Oceanside
  • Balcony

Schools

  • Long Branch Middle School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 27-00225-03-00002-05-C0407

Community Details

Overview

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

$8,144

Lot Details

0

HOA Fees

$533 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • ResoLotFeatures: Oceanside
  • ResoPoolFeatures: In Ground
  • Reso Association Amenities: Professional Management, Association, Exercise Room, Pool, Common Area, Landscaping
  • Reso Association Fee Includes: Trash, Common Area, Exterior Maint, Lawn Maintenance, Pool, Sewer, Snow Removal, Water
  • Inclusions: Washer, Dishwasher, Dryer, Light Fixtures, Microwave, Stove, Refrigerator, Screens
  • Subdivision Name: None
  • Architectural Style: Middle Level, Condo
  • Reso Interior Features: Balcony, Ceilings - 9Ft+ 1st Flr
  • General Property Info Waterview: Yes
  • 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
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • Common Elements Common Area: Yes
  • Common Elements Exercise Room: Yes
  • Common Elements Pool4: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Exterior Maint: Yes
  • Fee Includes Pool3: Yes
  • Location Middle School: Long Branch
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Water Heater Electric2: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Parking Asphalt: Yes
  • Interior Balcony: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Included Light Fixtures: Yes
  • Garage None4: Yes
  • Included Screens: Yes
  • Kitchen Floor - Ceramic4: Yes
  • Common Elements Landscaping: Yes
  • Foyer Floor - Wood: Yes
  • SidingBrick: Yes
  • Exterior Security System3: Yes
  • Heating Electric Heat Pump2: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • 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
  • Kitchen Pantry: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bath:Tub: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bath Double Sinks: Yes

Exterior Features

  • Roof: Flat
  • Waterfront Features: Other - See Remarks, Oceanside/Beach Blk, Oceanview
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Balcony, Security System
  • Exterior Features:Pool-In Ground: Yes
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Asphalt, Assigned, None
  • Total Parking Spaces: 1.0
  • General Property Info:Garage: No
  • Parking:Assigned: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric Heat Pump, 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Electric, Electric Heat Pump, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes
  • HeatingCooling:Electric Heat Pump: Yes

Condo/Co-op/Association

  • Association Fee: 532.78
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Fee Includes Lawn Maintenance: Yes

Association/Amenities

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

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Parcel #: 27-00225-03-00002-05-C0407

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8144.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2021
Closed on
Oct 13, 2021
Sold by
Fong Humberto and Fong Jose Humbelina
Bought by
Hayet Bill and Hayet Rose
Seller's Agent
Maryann Josephson
RE/MAX Real Estate Limited
Buyer's Agent
Barbara Youchah
Patrick Parker Realty
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$638,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,151
Avg. Annual Appreciation
9.22%

Purchase Details

Listed on
Feb 9, 2015
Closed on
Jul 29, 2015
Sold by
Halsband Victoria Newman
Bought by
Fong Humberto and Jose Humbelina Beatriz
Seller's Agent
Joan LaBanca
Gloria Nilson & Co. Real Estate
Buyer's Agent
Anthony Marino
Weichert Realtors-Rumson
Sold Price
$355,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.89%
Original Mortgage
$284,000
Interest Rate
4.03%
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
Hayet Bill $450,000 Mega Title Llc
Fong Humberto $355,000 Sunrise Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fong Humberto $284,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/19/2021 10/19/21 Sold $450,000 0.0% $450 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $450,000 +26.8% $450 / Sq Ft
08/03/2015 08/03/15 Sold $355,000 0.0% $355 / Sq Ft View Prior Sale
01/15/2015 01/15/15 Rented $1,800 -88.0% --
05/08/2014 05/08/14 Rented $15,000 -- --
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 $7,771 $519,600 $388,800 $130,800
2024 $7,375 $505,600 $373,500 $132,100
2023 $7,375 $474,900 $333,000 $141,900
2022 $8,144 $416,800 $278,100 $138,700
2021 $8,144 $407,000 $260,000 $147,000
2020 $9,363 $448,000 $300,000 $148,000
2019 $7,628 $362,900 $220,000 $142,900
2018 $7,173 $339,300 $200,000 $139,300
2017 $7,007 $340,000 $200,000 $140,000
2016 $6,831 $338,000 $200,000 $138,000
2015 $6,674 $299,700 $160,000 $139,700
2014 $6,791 $321,400 $175,000 $146,400
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Maryann Josephson

    RE/MAX

    Section Image

  • B

    Buyer's Agent in 2021

    Barbara Youchah

    Patrick Parker Realty

    Section Image
  • Richard Covey

    Buyer Co-Listing Agent in 2021

    Richard Covey

    Keller Williams Avon Realty

    (732) 766-9435

    2 in this area

    125 Total Sales

    Richard Covey
    Section Image

  • A

    Buyer's Agent in 2015

    Anthony Marino

    Weichert Realtors-Rumson

    Section Image

  • J

    Seller's Agent in 2014

    Joan LaBanca

    BHHS Fox & Roach

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22127293

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00225-03-00002-05-C0407

New Jersey Monmouth County Long Branch 07740

55 Melrose Terrace Unit 407, Long Branch, NJ

This home is located at 55 Melrose Terrace Unit 407, Long Branch, NJ 07740 since 17 August 2021 and is currently estimated at $638,151, approximately $638 per square foot. 55 Melrose Terrace Unit 407 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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