NOT LISTED FOR SALE

68 Mechanic St Unit 6870 Freehold, NJ 07728

Estimated Value: $551,000 - $826,000

5 Beds
4 Baths
3,102 Sq Ft
$234/Sq Ft Est. Value

Last Sold July 06, 2012

Last sale price $220,000 $71 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $4,730/month

35 Days on Market

Highlights

  • Attic
  • Corner Lot
  • Forced Air Heating System
  • Freehold Borough High School Rated A-
  • 4 Car Detached Garage

About This Home

As of July 2012

Highly motivated owners looking to sell 4 apartment property one block from Downtown Freehold Boro. Walking distance to shopping, restaurants and much more. Great opportunity for investment property or live in one and rent the others.

Last Agent to Sell the Property

Michael D'Ambrosio

Coldwell Banker Riviera Realty License #0784687 Listed on: 03/09/2012

Last Buyer's Agent

Dolores Jenkins

Weichert Realtors-Manalapan License #8535583

Weichert Realtors-Manalapan

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,279

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 45 x 95
  • Corner Lot

Home Design

  • Quadruplex

Interior Spaces

  • 3,102 Sq Ft Home
  • 2-Story Property
  • Walk-Out Basement
  • Attic

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Car Detached Garage
  • Common or Shared Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for heat, gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 1600077000000026

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $692
  • Water Sewer Expense $5,400
  • Gross Income $41,100
  • Net Operating Income $28,731

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,279

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • ResoLotFeatures: Corner Lot
  • Subdivision Name: None
  • Reso Interior Features: Attic
  • New Construction: No
  • Year Built: 1920
  • Contract Info New Construction: No
  • 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: 45 X 95
  • Lot Description Corner Lot: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Attic: Yes
  • General Property Info # Parking Spaces: 4.0
  • Income Expenses Insurance Expense: 692.0
  • Income Expenses WaterSewer Expense: 5400.0
  • Income Expenses Gross Income2: 41100.0
  • Income Expenses Net Income: 28731.0
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access
  • Basement: No
  • Total Bedrooms: 5
  • Stories: 2
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Common, Detached
  • Total Parking Spaces: 4.0
  • General Property Info:Garage: Yes
  • Parking Features:Garage Detached: Yes
  • GarageParking:Common: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Fee Information

  • Annual Water Sewer Expense: 5400.0

Lot Info

  • Lot Dimensions: 45 X 95
  • Parcel #: 1600077000000026
  • Zoning Description: Multi-Family

Rental Info

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

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 6279.0
  • Tax Other Annual Assessment Amount: 271800.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 41100.0
  • Insurance Expense: 692.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2012
Closed on
Jul 6, 2012
Sold by
Oliver Barbara
Bought by
352 Monmouth Road Llc
Seller's Agent
Michael D'Ambrosio
Coldwell Banker Riviera Realty
Buyer's Agent
Dolores Jenkins
Weichert Realtors-Manalapan
Sold Price
$220,000
Current Estimated Value
$726,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$506,545
Avg. Annual Appreciation
9.41%

Purchase Details

Closed on
Jan 15, 2002
Sold by
Castro Rafael
Bought by
Rodriguez Juan and Rodriguez Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.08%
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
352 Monmouth Road Llc $220,000 Coastal Title Agency Inc
Rodriguez Juan $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Juan $99,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2012 07/06/12 Sold $220,000 -- $71 / 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 $10,537 $535,800 $133,400 $402,400
2024 $9,873 $525,000 $129,900 $395,100
2023 $9,873 $470,800 $84,900 $385,900
2022 $11,043 $473,300 $121,900 $351,400
2021 $11,043 $421,000 $101,600 $319,400
2020 $10,816 $406,300 $101,600 $304,700
2019 $9,858 $397,000 $101,600 $295,400
2018 $9,899 $391,500 $101,600 $289,900
2017 $9,839 $387,800 $101,600 $286,200
2016 $7,492 $307,200 $144,400 $162,800
2015 $7,278 $312,200 $149,400 $162,800
2014 $6,947 $312,200 $149,400 $162,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Michael D'Ambrosio

    Coldwell Banker Riviera Realty

  • Dolores Jenkins

    Buyer's Agent in 2012

    Dolores Jenkins

    Weichert Realtors-Manalapan

    (732) 740-7799

    2 in this area

    16 Total Sales

    Dolores Jenkins
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21209293

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 16-00077-0000-00026

New Jersey Monmouth County Freehold 07728

68 Mechanic St Unit 6870, Freehold, NJ

This home is located at 68 Mechanic St Unit 6870, Freehold, NJ 07728 since 09 March 2012 and is currently estimated at $726,545, approximately $234 per square foot. This property was built in 1920. 68 Mechanic St Unit 6870 is a home located in Monmouth County with nearby schools including Park Avenue Elementary School, Freehold Intermediate School, and Freehold Borough 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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