NOT LISTED FOR SALE

579 High St Long Branch, NJ 07740

Estimated Value: $500,000 - $603,000

2 Beds
2 Baths
2,000 Sq Ft
$272/Sq Ft Est. Value

Last Sold January 02, 2012

Last sale price $205,000 $102 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $3,613/month

161 Days on Market

Highlights

  • Atrium Room
  • Multiple cooling system units
  • Heating System Uses Natural Gas

About This Home

As of January 2012

CALLING ALL INVESTORS, terrific, turnkey, Two Family home in Long Branch. Nothing to do but collect the rents on this recently remodeled and meticulously maintained investment property. Upstairs ALL NEW oversized 1 Bed Apartment, Downstairs 1 Bed Apartment with Tenant in great condition. Look under photos for Financial Statement. Conveniently located in the heart of Long Branch and walking distance to Monmouth University, great opportunity for the ''First Time'' investor as it's in great shape

Last Agent to Sell the Property

John Palko

Gloria Nilson & Co. Real Estate License #0900203 Listed on: 05/31/2011

Last Buyer's Agent

Frances Dunn

Diane Turton, Realtors-Rumson License #1109603

Diane Turton, Realtors-Rumson

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,680

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 59x57

Parking

  • 3 Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Atrium Room
  • Stove

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Schools

  • West End Elementary School
  • Long Branch Middle School
  • Long Branch High School

Utilities

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

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, sewer, gas
  • Assessor Parcel Number 2700164000000008

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $1,200
  • Insurance Expense $1,500
  • Water Sewer Expense $624
  • Gross Income $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,680

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet
  • Reso Interior Features: Atrium
  • Year Built: 1940
  • 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: 59X57
  • Location Middle School: Long Branch
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • SidingAluminum: Yes
  • SidingBrick: Yes
  • Cooling Multi Units: Yes
  • Interior Atrium: Yes
  • General Property Info # Parking Spaces: 3.0
  • Unit 1 Electric Meter: Yes
  • Unit 1 Electric Stove3: Yes
  • Unit 2 Electric Meter2: Yes
  • Income Expenses Insurance Expense: 1500.0
  • Income Expenses WaterSewer Expense: 624.0
  • Income Expenses Gross Income2: 23400.0
  • Unit 2 Gas Stove2: Yes
  • Income Expenses Gas Expense: 1200.0
  • Special Features: None

Interior Features

  • Basement: Slab
  • Basement: No
  • Total Bedrooms: 2
  • Stories: 2
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Construction Type: Aluminum Siding, Brick

Garage/Parking

  • Garage: No
  • Total Parking Spaces: 3.0
  • General Property Info:Garage: No

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 624.0

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 59X57
  • Parcel #: 2700164000000008
  • Zoning Description: Residential

Rental Info

  • Tenant Pays: Gas, Electricity
  • Owner Pays: Water, Sewer, Gas

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 6680.0
  • Tax Other Annual Assessment Amount: 355900.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 23400.0
  • Insurance Expense: 1500.0

MLS Schools

  • Elementary School: West End
  • High School: Long Branch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2011
Closed on
Dec 27, 2011
Sold by
Smith Alton D and Blondek Judy M
Bought by
Patel Mukund and Patel Charulata
Seller's Agent
John Palko
Gloria Nilson & Co. Real Estate
Buyer's Agent
Frances Dunn
Diane Turton, Realtors-Rumson
Sold Price
$205,000
Total Days on Market
161
Current Estimated Value
$543,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,272
Avg. Annual Appreciation
7.53%
Original Mortgage
$153,000
Outstanding Balance
$22,917
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
$520,355
Source: Public Records

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Range of Values:

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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
Patel Mukund $205,000 Red Bank Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Mukund $153,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2012 01/02/12 Sold $205,000 -- $103 / 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 $6,771 $454,700 $252,200 $202,500
2023 $6,771 $436,000 $242,700 $193,300
2022 $7,066 $394,000 $223,700 $170,300
2021 $7,066 $353,100 $209,500 $143,600
2020 $7,340 $351,200 $208,500 $142,700
2019 $7,204 $342,700 $206,600 $136,100
2018 $7,059 $333,900 $202,800 $131,100
2017 $6,869 $333,300 $204,700 $128,600
2016 $6,669 $330,000 $204,700 $125,300
2015 $7,460 $335,000 $209,900 $125,100
2014 $7,262 $343,700 $232,700 $111,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    John Palko

    BHHS Fox & Roach

  • F

    Buyer's Agent in 2012

    Frances Dunn

    Diane Turton, Realtors-Rumson

    (201) 747-2065

    17 Total Sales

    Frances Dunn
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21121299

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00164-0000-00008

New Jersey Monmouth County Long Branch 07740

579 High St, Long Branch, NJ

This home is located at 579 High St, Long Branch, NJ 07740 since 31 May 2011 and is currently estimated at $543,272, approximately $271 per square foot. This property was built in 1940. 579 High St is a home located in Monmouth County with nearby schools including Long Branch High School, Holy Trinity School, and Bet Yaakov of the Jersey Shore.

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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