NOT LISTED FOR SALE

64 Norwood Ave Long Branch, NJ 07740

Estimated Value: $775,052 - $1,007,000

4 Beds
2 Baths
2,644 Sq Ft
$331/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $675,000 $255 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,650/month

54 Days on Market

Highlights

  • Multiple cooling system units
  • Baseboard Heating
  • Level Lot
  • Patio
  • Heating System Uses Steam

About This Home

As of October 2022

This fully rented 2-family home with additional 3rd unit in a converted detached garage is a perfect investment opportunity. Rent all 3 units or live in one unit and rent out the others. Perfect Long Branch location near shopping, the beach and Monmouth University.

Last Agent to Sell the Property

Lara Krall

Bottone Realty Group Inc License #1542302 Listed on: 08/10/2022

Last Buyer's Agent

Lara Krall

Bottone Realty Group Inc License #1542302 Listed on: 08/10/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,126

Year Built

  • Built in 1907

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 52 x 143
  • Level Lot

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,644 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Parking

  • No Garage
  • Unpaved Parking
  • Off-Street Parking

Outdoor Features

  • Patio

Schools

  • Long Branch Middle School

Utilities

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

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for hot water, water, sewer, heat, gas
  • Assessor Parcel Number 27-00168-0000-00017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,126

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Year Built: 1907
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 52 x 143
  • Location Middle School: Long Branch
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Garage None4: Yes
  • Parking Unpaved: Yes
  • Cooling Multi Units: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Exterior Features: Patio
  • Construction:Siding - Vinyl: Yes

Garage/Parking

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

Utilities

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

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 52 x 143
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00168-0000-00017
  • Zoning Description: Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8126.0
  • Tax Other Annual Assessment Amount: 473500.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2025
Sold by
Danesh Babak and Danesh Doris
Bought by
64 Norwood Ave Llc
Current Estimated Value
$876,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Outstanding Balance
$575,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$252,832

Purchase Details

Listed on
Aug 10, 2022
Closed on
Oct 26, 2022
Sold by
Birch Kevin J
Bought by
Danesh Babak and Danesh Doris
Seller's Agent
Lara Krall
Bottone Realty Group Inc
Buyer's Agent
Lara Krall
Bottone Realty Group Inc
List Price
$799,900
Sold Price
$675,000
Premium/Discount to List
-$124,900
-15.61%
Views
61

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.59%
Original Mortgage
$573,750
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2006
Sold by
Birch Karen K
Bought by
Birch Kevin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
6.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 16, 1997
Sold by
Birchwood Inc
Bought by
Birch Kevin and Birch Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
7.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 1997
Sold by
Citicorp Mtg
Bought by
Birchwood Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
7.41%
Mortgage Type
Commercial
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
64 Norwood Ave Llc -- Meister Abstract
64 Norwood Ave Llc -- Meister Abstract
Danesh Babak $675,000 Westcor Land Title
Birch Kevin J -- --
Birch Kevin $115,000 --
Birchwood Inc $78,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 64 Norwood Ave Llc $575,000
Closed 64 Norwood Ave Llc $575,000
Previous Owner Danesh Babak $573,750
Previous Owner Birch Kevin $250,000
Previous Owner Birch Kevin J $950,000
Previous Owner Birch Kevin $86,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2022 10/27/22 Sold $675,000 -15.6% $255 / Sq Ft
08/10/2022 08/10/22 For Sale $799,900 -- $303 / 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 $10,224 $665,200 $272,900 $392,300
2023 $8,607 $554,200 $205,900 $348,300
2022 $8,126 $473,500 $132,000 $341,500
2021 $8,126 $406,100 $112,000 $294,100
2020 $8,245 $394,500 $102,000 $292,500
2019 $7,899 $375,800 $97,000 $278,800
2018 $7,667 $362,700 $94,000 $268,700
2017 $7,370 $357,600 $94,000 $263,600
2016 $7,108 $351,700 $95,000 $256,700
2015 $6,714 $301,500 $95,500 $206,000
2014 $6,449 $305,200 $107,000 $198,200
Source: Public Records

Agents Affiliated with this Home

  • Lara Krall

    Seller's Agent in 2022

    Lara Krall

    Bottone Realty Group Inc

    (973) 214-7292

    1 in this area

    74 Total Sales

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22225349

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00168-0000-00017

New Jersey Monmouth County Long Branch 07740

64 Norwood Ave, Long Branch, NJ

This home is located at 64 Norwood Ave, Long Branch, NJ 07740 since 10 August 2022 and is currently estimated at $876,263, approximately $331 per square foot. This property was built in 1907. 64 Norwood Ave 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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