NOT LISTED FOR SALE

56 4th St Unit 58 Highlands, NJ 07732

Estimated Value: $762,000 - $808,000

4 Beds
4 Baths
2,000 Sq Ft
$396/Sq Ft Est. Value

Last Sold February 14, 2022

Last sale price $575,000 $288 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,182/month

49 Days on Market

Highlights

  • Deck
  • Heating Available
  • 1-Story Property
  • Storm Doors

About This Home

As of February 2022

This Four family turnkey building fully rented with a large backyard sits surrounded by the Old Fashioned Charm of the Highlands. The 1st stop on the Jersey Shore offering sunbathing, fishing, boating, surfing or take a bike ride on a Coastal Heritage Trail. You may also enjoy various Historical sites and Birding. Take a Ferry to NYC as part of the Highlands experience. Sweeping views of the Atlantic Ocean and NYC skyline. Beautiful beaches on the Ocean and Bay. Activities galore!

Last Agent to Sell the Property

Laura Gifford

Sutton Realty Group License #9702987 Listed on: 07/02/2021

Last Buyer's Agent

Phyllis Garden

Phoenix Realty Group Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,464

Year Built

  • Built in 1933

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Storm Doors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Deck

Schools

  • Highlands Elementary School
  • Henry Hudson Reg Middle School
  • Henry Hudson High School

Utilities

  • Heating Available
  • Separate Meters
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Exclusions: Tenants Personal Property
  • Tenant pays for hot water, heat, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 19-00065-0000-00031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,464

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • Reso Flooring: See Remarks, Other
  • New Construction: No
  • Year Built: 1933
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 100
  • Location Middle School: Henry Hudson Reg
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • Exterior Storm Door(s): Yes
  • ExteriorDeck: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 4 Water Heater4: Yes
  • Unit 3 Water Heater3: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Stories: 1
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.11
  • Waterfront: No
  • Exclusions: Tenants Personal Property
  • Exterior Features: Deck, Storm Door(s)
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street, None
  • General Property Info:Garage: No
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Electric BB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes

Schools

  • Middle Or Junior School: Henry Hudson Reg

Lot Info

  • Lot Dimensions: 50 x 100
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 19-00065-0000-00031
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Heat, Electricity
  • Owner Pays: Water, Sewer

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 9464.0
  • Tax Other Annual Assessment Amount: 381000.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Highlands
  • High School: Henry Hudson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2021
Sold by
Rak 56-58 Llc
Bought by
56-58 Fourth Street Llc
Current Estimated Value
$765,345

Purchase Details

Listed on
Mar 30, 2015
Closed on
Jul 6, 2015
Sold by
Alstate Property Holdings Llc
Bought by
Rak 56-58 Llc
Seller's Agent
Marcy Dodds
Gottlieb Group Real Estate
Buyer's Agent
Laura Gifford
Better Homes Realty
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.42%
Original Mortgage
$262,500
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 2009
Sold by
Joel Josephine B
Bought by
Allstate Property Holdings Llc

Purchase Details

Closed on
Sep 7, 2007
Sold by
Joel Josephine B and Estate Of Kenneth E Joel
Bought by
Joel Josephine B

Purchase Details

Closed on
Jan 4, 1996
Sold by
Gilliand Edythe
Bought by
Joel Kenneth
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
56-58 Fourth Street Llc $575,000 Trident Abstract Title
Rak 56-58 Llc $350,000 Coastal Title Agency Inc
Allstate Property Holdings Llc $205,000 Central Title Agency Inc
Joel Josephine B -- None Available
Joel Kenneth $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rak 56-58 Llc $262,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2022 02/14/22 Sold $575,000 -2.4% $288 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $589,000 +68.3% $295 / Sq Ft
07/06/2015 07/06/15 Sold $350,000 -- $182 / 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
2024 $11,460 $600,400 $140,800 $459,600
2023 $11,460 $571,300 $122,400 $448,900
2022 $9,621 $433,900 $94,900 $339,000
2021 $9,621 $387,800 $86,300 $301,500
2020 $9,464 $381,000 $86,300 $294,700
2019 $9,560 $338,400 $46,300 $292,100
2018 $9,390 $335,100 $71,200 $263,900
2017 $9,423 $335,100 $71,200 $263,900
2016 $9,272 $335,100 $71,200 $263,900
2015 $7,270 $260,100 $71,200 $188,900
2014 $7,223 $241,800 $95,000 $146,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22121499

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 19-00065-0000-00031