NOT LISTED FOR SALE

561 E Main St Manasquan, NJ 08736

Estimated Value: $1,132,000 - $1,770,280

5 Beds
2 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold May 25, 2021

Last sale price $900,000

Est. 60% increase in value since last sale

Current estimated payment $8,711/month

62 Days on Market

Highlights

  • Corner Lot
  • Shed
  • Forced Air Heating and Cooling System
  • Manasquan Elementary School Rated A-

About This Home

As of May 2021

Multi unit property with 2 units. This house was brought down to the studs. Everything new in 2018. Lower unit consists of 3 large bedrooms, 1 bath. Upper unit has 2 large bedrooms, 1 bath. Both units have central air, dishwashers, 2 outdoor showers, shared laundry area and lots of parking.
Both units rented for 2021 summer. Lower for $37,000, Upper for $27,000. Lower unit rented this winter for $1300 per month. Being sold ''as is''. Upper unit has no heat. Summer rental only.

Last Agent to Sell the Property

Diane Russo

Richard I. Wood Agency License #0454871 Listed on: 04/02/2021

Last Buyer's Agent

Linda Madden

Richard I. Wood Agency License #1970944

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,388

Year Built

  • Built in 1923

Lot Details

  • 5,663 Sq Ft Lot
  • Corner Lot

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Linoleum Flooring
  • Stove

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Dirt Floor
  • Crawl Space

Parking

  • No Garage
  • Off-Street Parking

Outdoor Features

  • Shed

Schools

  • Manasquan Elementary And Middle School
  • Manasquan High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Hot Water Baseboard Heater
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Gross Income $74,000

Listing and Financial Details

  • Exclusions: Tenants possessions
  • Tenant pays for hot water, water, sewer, heat, gas, electricity
  • The owner pays for snow removal, garbage removal
  • Assessor Parcel Number 29-00177-0000-00037-01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,388

Year Built

Built in 1923

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Corner Lot
  • Subdivision Name: None
  • Reso Flooring: Linoleum/Vinyl
  • Year Built: 1923
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Location Middle School: Manasquan
  • Lot Description Corner Lot: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • Exterior Shed3: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Income Expenses Gross Income2: 74000.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Dirt Floor, Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Basement:Crawl Space: Yes
  • Basement:Dirt Floor: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.13
  • Waterfront: No
  • Exclusions: Tenants possessions
  • Construction:Siding - Vinyl: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, HWBB
  • HeatingYN: Yes
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Manasquan

Lot Info

  • Lot Size Sq Ft: 5662.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 29-00177-0000-00037-01
  • Zoning Description: Non-Conforming
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Water, Sewer, Heat, Gas, Electricity
  • Owner Pays: Snow Removal, Garbage Removal

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7387.58
  • Tax Other Annual Assessment Amount: 454900.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 74000.0

MLS Schools

  • Elementary School: Manasquan
  • High School: Manasquan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
Jun 3, 2021
Sold by
561 East Main Llc
Bought by
Bhattacharya Kingsuk and Merchant Bindi
Seller's Agent
Diane Russo
Richard I. Wood Agency
Buyer's Agent
Linda Madden
Richard I. Wood Agency
List Price
$899,000
Sold Price
$900,000
Premium/Discount to List
$1,000
0.11%
Current Estimated Value
$1,439,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$539,070
Avg. Annual Appreciation
10.18%
Original Mortgage
$675,000
Outstanding Balance
$611,983
Interest Rate
2.99%
Estimated Equity
$827,087

Purchase Details

Listed on
Apr 2, 2021
Closed on
May 24, 2021
Sold by
561 East Main Llc
Bought by
Bhattacharya Kingsuk and Merchant Bindi
Seller's Agent
Diane Russo
Richard I. Wood Agency
Buyer's Agent
Linda Madden
Richard I. Wood Agency
List Price
$899,000
Sold Price
$900,000
Premium/Discount to List
$1,000
0.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$611,983
Interest Rate
2.99%
Estimated Equity
$827,087

Purchase Details

Closed on
Jun 12, 2017
Sold by
Ross Family Partneship Trust
Bought by
561 East Main Llc

Purchase Details

Closed on
Jun 25, 1991
Bought by
Ross Family Partnership-Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bhattacharya Kingsuk $900,000 --
Bhattacharya Kingsuk $900,000 Acres Land Title Agency Inc
561 East Main Llc $48,000,000 None Available
Ross Family Partnership-Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhattacharya Kingsuk $675,000
Closed Bhattacharya Kingsuk --
Closed Bhattacharya Kingsuk $675,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2021 05/25/21 Sold $900,000 -0.4% --
04/12/2021 04/12/21 Pending -- -- --
04/02/2021 04/02/21 Price Changed $904,000 +0.6% --
04/02/2021 04/02/21 For Sale $899,000 0.0% --
03/06/2021 03/06/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $899,000 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $12,256 $689,300 $325,100 $364,200
2024 $11,794 $689,300 $325,100 $364,200
2023 $11,794 $689,300 $325,100 $364,200
2022 $7,492 $689,300 $325,100 $364,200
2021 $7,492 $454,900 $325,100 $129,800
2020 $7,388 $454,900 $325,100 $129,800
2019 $7,110 $454,900 $325,100 $129,800
2018 $6,951 $454,900 $325,100 $129,800
2017 $6,687 $454,900 $325,100 $129,800
2016 $6,510 $454,900 $325,100 $129,800
2015 $8,246 $482,500 $284,300 $198,200
2014 $8,506 $498,300 $300,100 $198,200
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Diane Russo

    Richard I. Wood Agency

    (732) 223-3333

    2 in this area

    2 Total Sales

    Diane Russo
    Section Image

  • L

    Buyer's Agent in 2021

    Linda Madden

    Richard I. Wood Agency

    (732) 581-8832

    1 in this area

    7 Total Sales

    Linda Madden
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22103635

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 29-00177-0000-00037-01

New Jersey Monmouth County Manasquan 08736

561 E Main St, Manasquan, NJ

Not Listed for Sale

MultiFamily

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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