NOT LISTED FOR SALE

87 Avenue of Two Rivers Rumson, NJ 07760

Estimated Value: $983,000 - $1,206,000

2 Beds
2 Baths
1,528 Sq Ft
$704/Sq Ft Est. Value

Last Sold September 10, 2020

Last sale price $700,000 $458 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $6,889/month

Highlights

  • Deck
  • Screened Porch
  • Hot Water Heating System
  • Deane Porter School Rated A
  • 2 Car Detached Garage

About This Home

As of September 2020

Adorable two family home in Rumson on large 50' x 150' Lot. Loads of possibiliies. Investment Property, Restore as Single family or build to suit. Two family currently brings in $3,250 per month but could be much more. One of New Jersey's best school systems. Loads of character.

Last Agent to Sell the Property

Paul X Vail

Vail Realty License #0232464 Listed on: 07/28/2020

Last Buyer's Agent

Olga Hannout

RE/MAX Gateway

RE/MAX Gateway

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,055

Year Built

  • Built in 1923

Lot Details

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

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Screened Porch
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Tenant's Personal Possession
  • Tenant pays for hot water
  • Assessor Parcel Number 41-00068-0000-00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,055

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1923
  • 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 150
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • ExteriorDeck: Yes
  • Exterior Porch - Screened: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dryer2: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Acres: 0.17
  • Waterfront: No
  • Exclusions: Tenant's Personal Possession
  • Exterior Features: Deck, Porch - Screened
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Off Street, Detached
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Radiator
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Hot Water2: Yes

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 41-00068-0000-00002
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8055.0
  • Tax Other Annual Assessment Amount: 548300.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2020
Closed on
Sep 3, 2020
Sold by
Culver Stephen H
Bought by
Calvert John David and Calvert Eileen
Seller's Agent
Paul X Vail
Vail Realty
Buyer's Agent
Olga Hannout
RE/MAX Gateway
List Price
$650,000
Sold Price
$700,000
Premium/Discount to List
$50,000
7.69%
Total Days on Market
0
Current Estimated Value
$1,076,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,313
Avg. Annual Appreciation
9.52%

Purchase Details

Closed on
Nov 20, 2007
Sold by
Culver Barbara
Bought by
Culver Stephen H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.3%
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
Calvert John David $700,000 Rms Title Services Llc
Culver Stephen H -- Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Culver Stephen H $390,000
Previous Owner Culver Stephen H $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2020 09/10/20 Sold $700,000 +7.7% $458 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $650,000 -7.1% $425 / Sq Ft
07/24/2020 07/24/20 Off Market $700,000 -- --
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 $10,164 $915,400 $745,000 $170,400
2023 $10,164 $869,500 $715,000 $154,500
2022 $9,692 $780,100 $635,000 $145,100
2021 $9,692 $681,100 $550,000 $131,100
2020 $9,584 $668,800 $500,000 $168,800
2019 $8,055 $548,300 $341,000 $207,300
2018 $7,984 $538,700 $341,000 $197,700
2017 $7,341 $499,700 $308,000 $191,700
2016 $7,090 $494,800 $308,000 $186,800
2015 $7,067 $486,400 $308,000 $178,400
2014 $6,937 $476,100 $302,500 $173,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22024820

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 41-00068-0000-00002