NOT LISTED FOR SALE

75 Morrell St Long Branch, NJ 07740

Estimated Value: $671,730 - $800,000

5 Beds
2 Baths
2,256 Sq Ft
$323/Sq Ft Est. Value

Last Sold October 26, 2023

Last sale price $642,500 $285 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,557/month

25 Days on Market

About This Home

As of October 2023

This is the one you have been waiting for, Two family home in sought after Long Branch. This home offers on the first floor; 3 beds 1 Bath with hardwood floors, high ceilings, deck. Second floor; 2 beds 1 Bath. New roof, windows and large backyard. Great investment opportunity. Prime location just minutes from New Jersey's best beaches, public transportation, Pier Village, restaurants and shopping centers.

Last Agent to Sell the Property

Shira Perlstein

Coldwell Banker Realty Brokerage Phone: 732-609-7797 License #1865156 Listed on: 08/28/2023

Coldwell Banker Realty

Last Buyer's Agent

Michael Mizrahi

Weichert Realtors License #2076694

Weichert Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,106

Year Built

  • Built in 1915

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Home Design

  • Duplex

Interior Spaces

  • 2,256 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Schools

  • Long Branch Middle School

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Personal Items, washer and dryer, shed
  • Tenant pays for hot water
  • Assessor Parcel Number 27-00175-0000-00010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,106

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Attribution Contact: 732-609-7797
  • Subdivision Name: None
  • Year Built: 1915
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • Location Middle School: Long Branch
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Cooling Multi Units: Yes
  • Special Features: None

Interior Features

  • Basement: Other, Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Full Basement: Yes
  • BasementOther: Yes

Exterior Features

  • Acres: 0.17
  • Waterfront: No
  • Exclusions: Personal Items, washer and dryer, shed

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Other
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Hot Water2: Yes

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00175-0000-00010
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7106.0
  • Tax Other Annual Assessment Amount: 491700.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2023
Closed on
Oct 6, 2023
Sold by
75 Morrell Street Llc
Bought by
Morrell Street 75 Llc
Seller's Agent
Shira Perlstein
Coldwell Banker Realty
Buyer's Agent
Michael Mizrahi
Weichert Realtors
List Price
$599,000
Sold Price
$642,500
Premium/Discount to List
$43,500
7.26%
Views
183
Current Estimated Value
$727,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,433
Avg. Annual Appreciation
6.75%

Purchase Details

Closed on
Aug 12, 2022
Sold by
Pierson Jason E and Pierson Amy R
Bought by
75 Morrell Street Llc

Purchase Details

Closed on
May 27, 2008
Sold by
Perez Luis
Bought by
Pierson Jason E and Pierson Amy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,000
Interest Rate
6.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 24, 2005
Sold by
Tomaino Peter J
Bought by
Perez Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Interest Rate
6.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Morrell Street 75 Llc $642,500 Madison Title
Morrell Street 75 Llc $642,500 Madison Title
75 Morrell Street Llc $244,484 --
75 Morrell Street Llc $244,484 None Listed On Document
Pierson Jason E $377,500 None Available
Perez Luis $399,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pierson Jason E $260,000
Previous Owner Pierson Jason E $305,100
Previous Owner Pierson Jason E $302,000
Previous Owner Perez Luis $338,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2023 10/26/23 Sold $642,500 +7.3% $285 / Sq Ft
09/22/2023 09/22/23 Pending -- -- --
08/28/2023 08/28/23 For Sale $599,000 -- $266 / 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 $8,556 $668,000 $257,600 $410,400
2024 $7,636 $556,700 $227,600 $329,100
2023 $7,636 $491,700 $177,600 $314,100
2022 $6,707 $396,300 $119,600 $276,700
2021 $6,707 $335,200 $99,600 $235,600
2020 $6,747 $322,800 $88,600 $234,200
2019 $6,623 $315,100 $89,600 $225,500
2018 $6,486 $306,800 $89,600 $217,200
2017 $6,239 $302,700 $89,600 $213,100
2016 $6,107 $302,200 $94,600 $207,600
2015 $5,795 $260,200 $96,500 $163,700
2014 $5,356 $253,500 $108,200 $145,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Shira Perlstein

    Coldwell Banker Realty

    (732) 609-7797

    4 in this area

    62 Total Sales

    Shira Perlstein
    Section Image
  • Michael Mizrahi

    Buyer's Agent in 2023

    Michael Mizrahi

    Weichert Realtors

    (732) 539-8801

    10 in this area

    90 Total Sales

    Michael Mizrahi
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22323984

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00175-0000-00010

New Jersey Monmouth County Long Branch 07740

75 Morrell St, Long Branch, NJ

This home is located at 75 Morrell St, Long Branch, NJ 07740 since 28 August 2023 and is currently estimated at $727,933, approximately $322 per square foot. This property was built in 1915. 75 Morrell 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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