$460,000
SOLD MAY 16, 2019
5 Beds
3 Baths
2,880 Sq Ft
0.34 Acres

Recently Sold

$160 Per Sq Ft

27 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Multiple cooling system units
  • Attic
  • 2 Car Detached Garage
  • Heating System Uses Natural Gas

About This Home

As of May 2019

Three apartments house with yearly leases and tenants with excellent payment history. House sits in a large corner lot with a long driveway with enough parking spaces for all the residents and 2 car garages. Apt. 1 offers 2 bedrooms, living and dining rooms with hardwood floors and access to the basement; Apt. 2 offers living room with carpet, a large newer eat in kitchen, 1 bedroom and office space. Apt. 3 has a large Eat in kitchen, living room and 2 bedrooms as well access to the attic for storage. Rent below market value. Apt. 1 control the thermostat for apt 1&3. Apt. 2 has its own zone. AS-IS, BUYER IS RESPONSIBLE OF THE CO. STATE INSPECTION CERTIFICATE ISSUED ON 2016. MEASUREMENT ARE APPROXIMATELY.

Last Agent to Sell the Property

Maribel Taveras-Mogena

Keller Williams Realty East Monmouth License #0235377 Listed on: 02/20/2019

Keller Williams Realty East Monmouth

Last Buyer's Agent

Carolina Gulino

Keller Williams Realty East Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,046

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 100 x 150
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Common or Shared Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Attic

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Schools

  • Long Branch Middle School

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Exclusions: TENANTS PERSONAL BELONGINGS. SMALL SHED TO THE RIGHT OF THE GARAGE BELONGS TO TENANT APT #3.
  • Tenant pays for hot water, yard maintenance, water, snow removal, sewer, heat, gas
  • The owner pays for hot water, yard maintenance, water, sewer, heat, gas
  • Assessor Parcel Number 27-00161-0000-00019

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $2,100
  • Insurance Expense $2,365
  • Water Sewer Expense $2,500
  • Gross Income $46,500
  • Net Operating Income $29,629

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,046

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Corner Lot
  • Subdivision Name: None
  • Reso Flooring: Linoleum/Vinyl, W/W Carpet, Wood, Laminate, Ceramic Tile
  • Reso Interior Features: Attic
  • New Construction: No
  • Year Built: 1910
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 100 x 150
  • Location Middle School: Long Branch
  • Lot Description Corner Lot: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • SidingAluminum: Yes
  • General Property Info Handicap Access: No
  • Interior Attic: Yes
  • Cooling Multi Units: Yes
  • Floors Laminate2: Yes
  • Income Expenses Insurance Expense: 2365.0
  • Income Expenses WaterSewer Expense: 2500.0
  • Income Expenses Gross Income2: 46500.0
  • Income Expenses Net Income: 29629.0
  • Income Expenses Gas Expense: 2100.0
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: TENANTS PERSONAL BELONGINGS. SMALL SHED TO THE RIGHT OF THE GARAGE BELONGS TO TENANT APT #3.
  • Construction Type: Aluminum Siding

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Paved, Common, Off Street, Detached
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes
  • GarageParking:Common: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Fee Information

  • Annual Water Sewer Expense: 2500.0

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 100 x 150
  • Parcel #: 27-00161-0000-00019
  • Zoning Description: Residential, Neighborhood, Multi-Family

Rental Info

  • Tenant Pays: Hot Water, Yard Maintenance, Water, Snow Removal, Sewer, Heat, Gas
  • Owner Pays: Hot Water, Yard Maintenance, Water, Sewer, Heat, Gas

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 9046.0
  • Tax Other Annual Assessment Amount: 442000.0

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 46500.0
  • Insurance Expense: 2365.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2021
Sold by
Houllou Albert
Bought by
Panah Holdings Llc
Current Estimated Value
$1,043,629

Purchase Details

Listed on
May 21, 2019
Closed on
May 13, 2019
Sold by
Velez Victor and Velez Estela A
Bought by
Houllou Albert
Seller's Agent
Marion Osherovitz
Avenue Realty NJ
Buyer's Agent
Marcia Lentini
EXIT Realty East Coast Shirvanian
Sold Price
$15,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.93%
Original Mortgage
$345,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 1997
Sold by
Tomaini Hugo
Bought by
Velez Victor and Velez Estela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.86%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $770,000 Madison Title Agency Llc
Deed $480,000 All Ahead Title Agency Llc
Deed $130,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $539,000 New Conventional
Previous Owner $345,000 New Conventional
Previous Owner $200,000 Credit Line Revolving
Previous Owner $120,000 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2020 10/12/20 Rented $40,800 +2335.8% --
10/06/2020 10/06/20 Price Changed $1,675 -1.5% $1 / Sq Ft
09/08/2020 09/08/20 For Rent $1,700 -88.7% --
07/01/2019 07/01/19 Rented $15,000 0.0% --
05/16/2019 05/16/19 Sold $460,000 -- $160 / 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 $11,570 $781,900 $189,400 $592,500
2023 $11,570 $745,000 $179,400 $565,600
2022 $9,489 $528,200 $133,700 $394,500
2021 $9,489 $474,200 $125,700 $348,500
2020 $9,616 $460,100 $113,700 $346,400
2019 $9,291 $442,000 $111,700 $330,300
2018 $9,046 $427,900 $109,700 $318,200
2017 $8,634 $418,900 $106,700 $312,200
2016 $8,343 $412,800 $108,700 $304,100
2015 $7,035 $315,900 $110,600 $205,300
2014 $6,888 $326,000 $122,300 $203,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21906903

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00161-0000-00019