NOT LISTED FOR SALE

85 Main St Matawan, NJ 07747

Estimated Value: $702,000 - $763,111

5 Beds
3.5 Baths
3,147 Sq Ft
$231/Sq Ft Est. Value

Last Sold May 11, 2022

Last sale price $625,000 $199 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,999/month

134 Days on Market

Highlights

  • 1 Fireplace
  • Multiple cooling system units
  • 7 Car Garage
  • Matawan Reg High School Rated A-
  • Baseboard Heating

About This Home

As of May 2022

Amazing Investment Opportunity. 2-family home offers 2 units with 3 and 1 bedroom(s) each. Double lot includes back garage that can fit upwards of 7 cars. Lots to admire including original molding, woodwork + hardwood floors. This is an ''as-is'' sale and Certificate of Occupancy is the responsibility of the buyer.

Last Agent to Sell the Property

Heddy Pierson

Burke&Manna Real Estate Agency License #1974212 Listed on: 11/23/2021

Co-Listed By

Michael Manna

Burke&Manna Real Estate Agency License #0900958

Last Buyer's Agent

Aleksandr Pritsker

EXP Realty License #1008359

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,267

Year Built

  • Built in 1778

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 40 x 241

Parking

  • 7 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 3,147 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

  • Matawan Avenue Middle School

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: All personal items.
  • Assessor Parcel Number 31-00009-0000-00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,267

Year Built

Built in 1778

Lot Details

0

Parking

7

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Co List Office Mls Id: 2381
  • Co List Office Phone: 732-455-5420
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1778
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 40 x 241
  • Location Middle School: Matawan Avenue
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info # Fireplaces: 1.0
  • Cooling Multi Units: Yes
  • General Property Info # Parking Spaces: 4.0
  • Unit 1 Gas Meter3: Yes
  • Special Features: None

Interior Features

  • Basement: Partial
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Stories: 2
  • Basement:Partial: Yes

Exterior Features

  • Acres: 0.22
  • Waterfront: No
  • Exclusions: All personal items.

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 7.0
  • Total Parking Spaces: 4.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Radiant, Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Radiant: Yes

Schools

  • Middle Or Junior School: Matawan Avenue

Lot Info

  • Lot Dimensions: 40 x 241
  • Lot Size Sq Ft: 9583.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 31-00009-0000-00003
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 9267.0
  • Tax Other Annual Assessment Amount: 337200.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2021
Closed on
May 2, 2022
Sold by
Louis Caruso Jr
Bought by
3200 Us Highway 9 Llc
Seller's Agent
Heddy Pierson
Burke&Manna Real Estate Agency
Buyer's Agent
Aleksandr Pritsker
EXP Realty
List Price
$648,000
Sold Price
$625,000
Premium/Discount to List
-$23,000
-3.55%
Total Days on Market
134
Current Estimated Value
$726,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,778
Avg. Annual Appreciation
4.86%

Purchase Details

Closed on
Apr 24, 1998
Sold by
Sconish Bernard
Bought by
Caruso Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
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
3200 Us Highway 9 Llc $625,000 Mega Title
Caruso Louis $144,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Caruso Louis J $115,000
Previous Owner Caruso Louis $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2022 05/11/22 Sold $625,000 -3.5% $199 / Sq Ft
05/06/2022 05/06/22 For Sale $648,000 0.0% $206 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
01/23/2022 01/23/22 Price Changed $648,000 -4.0% $206 / Sq Ft
11/09/2021 11/09/21 Price Changed $675,000 -3.6% $214 / Sq Ft
10/25/2021 10/25/21 For Sale $700,000 -- $222 / 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 $11,824 $566,200 $191,000 $375,200
2023 $11,824 $543,900 $182,000 $361,900
2022 $9,162 $360,600 $96,500 $264,100
2021 $9,162 $337,200 $96,500 $240,700
2020 $9,267 $338,700 $101,000 $237,700
2019 $8,720 $319,400 $87,500 $231,900
2018 $8,530 $307,400 $78,500 $228,900
2017 $7,896 $280,500 $56,000 $224,500
2016 $7,899 $286,600 $65,000 $221,600
2015 $8,336 $304,800 $92,000 $212,800
2014 $8,873 $325,600 $105,500 $220,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22134845

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 31-00009-0000-00003