NOT LISTED FOR SALE

55 Melrose Terrace Unit 409 Long Branch, NJ 07740

Estimated Value: $730,533 - $1,197,000

2 Beds
2 Baths
-- Sq Ft
$687/mo HOA Fee

Last Sold June 15, 2021

Last sale price $620,000

Est. 43% increase in value since last sale

Current estimated payment $6,297/month

14 Days on Market

Highlights

  • Beach Front
  • Fitness Center
  • Oceanside
  • Ocean View
  • In Ground Pool
  • 2.42 Acre Lot

About This Home

As of June 2021

Stunning and spacious 2 bedroom, 2 bathroom top floor unit with open layout and Private Terrace with ocean view. Located in desirable Melrose Condominium, Steps to beach, shopping, restaurants, pool, exercise room and Pier Village amenities. Two new beautiful custom marble bathrooms with frameless glass shower doors, kitchen with new stainless steel appliances - range with double convection ovens, refrigerator, dishwasher, microwave and new porcelain tile floor. Custom moldings throughout, 9 foot ceilings and new recessed LED lighting in all rooms. Large primary bedroom with walk-in closet and large second closet, spacious second bedroom with large closet. New living room and primary bedroom heating and air conditioning units, all new light fixtures and crystal chandeliers included. Front loading washer and dryer in unit, hurricane windows and terrace door, 2 indoor parking spaces. Building has high tech security cameras with owner access. Lobby and hallways redecorated in 2018 and building repainted in 2017. Don't miss this immaculate condo and great opportunity to live by the beach!!

Last Agent to Sell the Property

Maryann Josephson

RE/MAX Real Estate Limited License #9807794 Listed on: 04/07/2021

RE/MAX Real Estate Limited

Last Buyer's Agent

Stephanie Ferrier

The Connolly Agency License #1650365

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,876

Year Built

  • Built in 2008

Lot Details

  • Beach Front
  • Landscaped

HOA Fees

  • $687 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Common or Shared Parking
  • Garage Door Opener
  • On-Street Parking
  • Visitor Parking
  • Off-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Crown Molding
  • Ceiling height of 9 feet on the main level
  • Recessed Lighting
  • Light Fixtures
  • Insulated Windows
  • Insulated Doors
  • Ocean Views

Kitchen

  • Double Oven
  • Portable Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Marble

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Roll-in Shower
  • Handicap Shower
  • Wheelchair Access
  • Handicap Accessible

Pool

  • In Ground Pool
  • Outdoor Pool
  • Fence Around Pool

Outdoor Features

  • Oceanside
  • Balcony
  • Exterior Lighting
  • Outdoor Storage
  • Outbuilding
  • Porch

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-C0409

Community Details

Overview

  • Front Yard Maintenance
  • Association fees include trash, 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

Pet Policy

  • Dogs and Cats Allowed

Security

  • Controlled Access
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,876

Year Built

Built in 2008

Lot Details

0

HOA Fees

$687 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • ResoLotFeatures: Ocean Block, Beachfront, Oceanside
  • ResoPoolFeatures: Common, Fenced, In Ground
  • Reso Association Amenities: Controlled Access, Association, Exercise Room, Common Access, Pool, Common Area, Landscaping
  • Reso Association Fee Includes: Trash, Common Area, Exterior Maint, Fire/Liab, Lawn Maintenance, Mgmt Fees, Pool, Snow Removal, Water
  • Inclusions: AC Units, Washer, Counter Top Range, Dishwasher, Dryer, Double Oven, Light Fixtures, Microwave, Refrigerator, Garage Door Opener
  • Subdivision Name: Pier Village
  • Reso Accessibility Features: Stall Shower, Wheelchair Access
  • Architectural Style: One Level Unit, Condo
  • Reso Interior Features: Ceilings - 9Ft+ 1st Flr, Dec Molding, Recessed Lighting
  • Reso Other Structures: Misc Building
  • Property Attached Yn: Yes
  • ResoWindowFeatures: Insulated Windows
  • Year Built: 2008
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info Assigned Parking: Yes
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Style Attached2: Yes
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • Exterior Swimming: 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
  • Fee Includes Common Area2: Yes
  • Fee Includes Exterior Maint: Yes
  • Fee Includes Pool3: Yes
  • Exterior Controlled Access: Yes
  • General Property Info Acreage: 2.42
  • Location Middle School: Long Branch
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Water Heater Electric2: Yes
  • Exterior Storage: Yes
  • Exterior Lighting: Yes
  • Parking Asphalt: Yes
  • Interior Dec Molding: Yes
  • Interior Recessed Lighting: Yes
  • Exterior Porch - Open: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Included Light Fixtures: Yes
  • Number Appliances Included A C Units: Yes
  • Exterior Storm Door(s): Yes
  • Common Elements Landscaping: Yes
  • Foyer Floor - Wood: Yes
  • Dining Room Dec Molding4: Yes
  • Kitchen GraniteStone Counter: Yes
  • SidingBrick: Yes
  • Pool Fenced: Yes
  • Foyer Floor - Laminate: Yes
  • Included Double Oven: Yes
  • Living Room Dec Molding3: Yes
  • Living Room Floor - Laminate3: Yes
  • Dining Room Floor - Laminate7: Yes
  • Exterior Handicap Acc: Yes
  • Special Needs Stall Shower: Yes
  • Special Needs Wheelchair Access: Yes
  • Included Counter Top Range: Yes
  • Parking Visitor: Yes
  • Out Buildings Misc Building: Yes
  • Lot Description Beachfront2: Yes
  • Heating Electric Heat Pump2: Yes
  • Cooling 3 Zoned AC: Yes
  • Heating 3 Zoned Heat: Yes
  • Energy Features Insulated Doors: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • 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 Bedroom:Full Bath: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bath Marble7: Yes
  • Primary Bath Floor - Marble2: Yes

Exterior Features

  • Roof: Flat
  • Acres: 2.42
  • Topography: Level
  • Waterfront Features: Oceanside/Beach Blk, Oceanview
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Balcony, Controlled Access, Porch - Open, Storage, Storm Door(s), Swimming, Lighting
  • Exterior Features:Pool-In Ground: Yes
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Asphalt, Assigned, Common, Off Street, On Street, Underground, Visitor
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:Underground: Yes
  • Parking:Assigned: Yes
  • Parking:On Street: Yes
  • _pound_ AppliancesIncluded:Garage Door Opener: Yes
  • GarageParking:Common: 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
  • Heating:Electric: Yes
  • HeatingCooling:Electric Heat Pump: Yes

Condo/Co-op/Association

  • Association Fee: 687.0
  • 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

  • Lot Size Sq Ft: 105415.2
  • Parcel #: 27-00225-03-00002-05-C0409

Green Features

  • Energy Features Insulated Windows: Yes

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 10876.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2021
Closed on
Jun 10, 2021
Sold by
Salvatore Moriello
Bought by
Kraemer Douglas Bennett and Kraemer Tonya Crisi
Seller's Agent
Maryann Josephson
RE/MAX Real Estate Limited
Buyer's Agent
Stephanie Ferrier
The Connolly Agency
List Price
$624,900
Sold Price
$620,000
Premium/Discount to List
-$4,900
-0.78%
Current Estimated Value
$888,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,383
Avg. Annual Appreciation
8.70%
Original Mortgage
$340,000
Outstanding Balance
$255,245
Interest Rate
2.3%
Mortgage Type
New Conventional
Estimated Equity
$633,138

Purchase Details

Closed on
Apr 7, 2014
Sold by
55 Melrose Llc
Bought by
Moriello Salvatore
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
Kraemer Douglas Bennett $620,000 Trident Abstract Title
Kraemer Douglas Bennett $620,000 Trident Abstract Title
Moriello Salvatore $486,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kraemer Douglas Bennett $340,000
Closed Kraemer Douglas Bennett $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2021 06/15/21 Sold $620,000 -0.8% --
04/21/2021 04/21/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $624,900 0.0% --
04/15/2021 04/15/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $624,900 -- --
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 $10,575 $717,400 $432,000 $285,400
2024 $9,793 $688,000 $415,000 $273,000
2023 $9,793 $630,600 $370,000 $260,600
2022 $9,585 $575,300 $309,000 $266,300
2021 $9,585 $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 $10,016 $474,000 $285,000 $189,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Maryann Josephson

    RE/MAX

    Section Image

  • S

    Buyer's Agent in 2021

    Stephanie Ferrier

    The Connolly Agency

    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22110169

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00225-03-00002-05-C0409

New Jersey Monmouth County Long Branch 07740

55 Melrose Terrace Unit 409, Long Branch, NJ

This home is located at 55 Melrose Terrace Unit 409, Long Branch, NJ 07740 since 07 April 2021 and is currently estimated at $888,383. This property was built in 2008. 55 Melrose Terrace Unit 409 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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