NOT LISTED FOR SALE

59 Oceanport Ave West Long Branch, NJ 07764

Estimated Value: $692,181 - $977,000

6 Beds
3 Baths
2,336 Sq Ft
$342/Sq Ft Est. Value

Last Sold September 01, 2015

Last sale price $400,500 $171 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $4,897/month

66 Days on Market

Highlights

  • Garage Apartment
  • Attic
  • Double-Wide Driveway
  • Wood Flooring
  • Corner Lot
  • 1 Car Detached Garage

About This Home

As of September 2015

OUTSTANDING OPPORTUNITY FOR THE KNOWLEDGABLE INVESTOR. Three rental units with separate furnaces, hot water heaters, gas and electric meters in a predominantly single family area. This home has been in the family of the current owners for over 50 years and has been maintained as such. All three apartments are in move in condition, with modern furnaces, hot water heaters and electric service. West Long Branch is a community with a well regarded school system and the home is within walking distance to Monmouth Park Racetrack and the rental opportunities if affords. After expenses, a conservative estimate of the return on invested cash is in excess of 10% annually. Landlord pays water & sewer on main house. Tenant pays all utilities for the garage apartment. Landlord pays water and sewer on the front house. As per owner, insurance is $2500/year and water/sewer is $1800/year. THIS IS YOUR OPPORTUNITY TO BE A QUALITY LANDLORD AND NOT JUST ANOTHER SLUMLORD.

Last Agent to Sell the Property

Richard Nagel

RE/MAX Elite License #7937272 Listed on: 04/26/2015

RE/MAX Elite

Last Buyer's Agent

Jacob Smith

Ward Wight Sotheby's International Realty License #0560385

Ward Wight Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,485

Year Built

  • Built in 1924

Lot Details

  • Lot Dimensions are 50 x 156
  • Corner Lot
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Garage Apartment
  • Oversized Parking
  • Workshop in Garage
  • Common or Shared Parking
  • Double-Wide Driveway
  • Unpaved Parking
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Shingle Roof
  • Clap Board Siding
  • Vinyl Siding
  • Clapboard

Interior Spaces

  • 2,336 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement
  • Dirt Floor
  • Stove
  • Attic

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Exterior Lighting

Schools

  • Frank Antonides Middle School
  • Shore Reg High School

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 3 Units
  • Water Sewer Expense $1,800

Listing and Financial Details

  • Tenant pays for hot water, heat, gas, electricity
  • The owner pays for yard maintenance, water, sewer
  • Assessor Parcel Number 53-00108-0000-00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,485

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Corner Lot, Level
  • Subdivision Name: None
  • Reso Flooring: Linoleum/Vinyl, W/W Carpet, Wood
  • Reso Interior Features: Attic, Cable TV
  • New Construction: No
  • Year Built: 1924
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 156
  • Location Middle School: Frank Antonides
  • Lot Description Corner Lot: Yes
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • General Property Info Handicap Access: No
  • Interior Attic: Yes
  • Parking Unpaved: Yes
  • Garage Oversized: Yes
  • Cooling Multi Units: Yes
  • Siding Clapboard: Yes
  • General Property Info # Parking Spaces: 4.0
  • Parking Double Wide: Yes
  • Garage Apt Above Garage: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Furnace: Yes
  • Income Expenses WaterSewer Expense: 1800.0
  • Unit 1 Gas Stove: Yes
  • Unit 3 Furnace3: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Water Heater3: Yes
  • Unit 3 Water Meter: Yes
  • Garage Workshop2: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Dirt Floor
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Stories: 2
  • Basement:Dirt Floor: Yes
  • Features Interior:Cable TV: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Construction Type: Clapboard
  • Exterior Features: Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Common, Off Street, On Street, Double Wide, Unpaved, Detached, Oversized, Workshop in Garage
  • Total Parking Spaces: 4.0
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking Features:Garage Detached: Yes
  • GarageParking:Common: Yes

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Middle Or Junior School: Frank Antonides

Lot Info

  • Lot Dimensions: 50 x 156
  • Parcel #: 53-00108-0000-00001
  • Zoning Description: Residential

Rental Info

  • Tenant Pays: Hot Water, Heat, Gas, Electricity
  • Owner Pays: See Remarks, Yard Maintenance, Water, Sewer

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 6485.0
  • Tax Other Annual Assessment Amount: 278200.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • High School: Shore Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2015
Closed on
Sep 1, 2015
Sold by
Woontner Bonnie Stothart and Stothart Grace W
Bought by
Dennehy John G and Dennehy Patricia
Seller's Agent
Richard Nagel
RE/MAX Elite
Buyer's Agent
Jacob Smith
Ward Wight Sotheby's International Realty
Sold Price
$400,500
Current Estimated Value
$798,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,295
Avg. Annual Appreciation
7.05%
Original Mortgage
$300,375
Outstanding Balance
$236,166
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$562,629
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
Dennehy John G $400,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dennehy John G $300,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2015 09/01/15 Sold $400,500 -- $171 / 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
2025 $7,882 $619,800 $280,500 $339,300
2024 $8,005 $604,900 $271,800 $333,100
2023 $8,005 $573,000 $247,700 $325,300
2022 $8,169 $534,900 $225,200 $309,700
2021 $8,169 $422,600 $150,900 $271,700
2020 $7,854 $382,200 $128,400 $253,800
2019 $7,921 $387,500 $135,200 $252,300
2018 $7,664 $362,200 $121,600 $240,600
2017 $7,614 $343,600 $110,400 $233,200
2016 $6,457 $297,300 $117,200 $180,100
2015 $6,118 $281,300 $117,200 $164,100
2014 $6,485 $278,200 $121,700 $156,500
Source: Public Records

Agents Affiliated with this Home

  • Richard Nagel

    Seller's Agent in 2015

    Richard Nagel

    RE/MAX

    (908) 433-9012

    1 in this area

    148 Total Sales

    Richard Nagel
    Section Image
  • Jacob Smith

    Buyer's Agent in 2015

    Jacob Smith

    Ward Wight Sotheby's International Realty

    (732) 567-0162

    113 Total Sales

    Jacob Smith
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21515632

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 53-00108-0000-00001

New Jersey Monmouth County West Long Branch 07764

59 Oceanport Ave, West Long Branch, NJ

This home is located at 59 Oceanport Ave, West Long Branch, NJ 07764 since 26 April 2015 and is currently estimated at $798,795, approximately $341 per square foot. This property was built in 1924. 59 Oceanport Ave is a home located in Monmouth County with nearby schools including Betty McElmon Elementary School, Frank Antonides School, and Shore Regional High 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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