NOT LISTED FOR SALE

916 State Route 34 Matawan, NJ 07747

Estimated Value: $692,600 - $722,000

4 Beds
4 Baths
1,600 Sq Ft
$439/Sq Ft Est. Value

Last Sold October 20, 2021

Last sale price $550,000 $344 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,745/month

152 Days on Market

Highlights

  • Recessed Lighting
  • Zoned Heating and Cooling
  • Level Lot
  • Matawan Reg High School Rated A-

About This Home

As of October 2021

Income producing two family home in the heart of Matawan. Completely renovated inside and out in 2020. 4 Bedroom, 4 Bath in Total. Upper unit consists of 2 generously sized bedrooms, 2 full bath, laundry, stainless steel LG appliance package and completely open layout. The lower level consists of 2 generously sized bedrooms, 2 full bathrooms, stainless steel LG appliance package and full dry basement. Each unit has new granite countertops as well as new flooring throughout. Private deck off of each unit in the rear, lower level also has a full rocking chair front porch. Close proximity to GSP, Train and NYC buses, In the highly desirable Edgemere Heights. Commuters Dream!

Last Agent to Sell the Property

Jennifer Sabodish

Keller Williams Realty Central Monmouth License #1756695 Listed on: 07/08/2021

Keller Williams Realty Central Monmouth

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,060

Year Built

  • Built in 1921

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x 143
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Recessed Lighting
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • No Garage
  • Open Parking
  • Off-Street Parking
  • Off Alley Parking

Outdoor Features

  • Exterior Lighting

Schools

  • Ravine Drive Elementary School
  • Matawan Avenue Middle School
  • Matawan Reg High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Edgemere Hgts Subdivision

Listing and Financial Details

  • Tenant pays for hot water, yard maintenance, water, snow removal, sewer, heat, gas, electricity
  • Assessor Parcel Number 31-00045-01-00013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,060

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Level
  • Subdivision Name: Edgemere Hgts
  • Reso Flooring: Linoleum/Vinyl
  • Reso Interior Features: Attic - Pull Down Strs, Recessed Lighting
  • New Construction: No
  • Year Built: 1921
  • 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 143
  • Location Middle School: Matawan Avenue
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • General Property Info Handicap Access: No
  • Interior Recessed Lighting: Yes
  • Garage None4: Yes
  • General Property Info # Parking Spaces: 4.0
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Interior Attic - Pull Down Strs: Yes
  • Parking In Alley: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.16
  • Waterfront: No
  • Exterior Features: Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Open, Off Street, None, In Alley
  • Total Parking Spaces: 4.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking Open: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 2 Zoned AC
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Matawan Avenue

Lot Info

  • Lot Dimensions: 50 x 143
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 31-00045-01-00013
  • Zoning Description: Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Yard Maintenance, Water, Snow Removal, Sewer, Heat, Gas, Electricity

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 14060.32
  • Tax Other Annual Assessment Amount: 518900.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Ravine Drive
  • High School: Matawan Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2022
Sold by
Savas Rissiotis
Bought by
Rissiotis Constantine
Total Days on Market
152
Current Estimated Value
$702,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Outstanding Balance
$389,397
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$312,753

Purchase Details

Listed on
Jul 8, 2021
Closed on
Oct 15, 2021
Sold by
916 Rt 34 Llc
Bought by
Rissiotis Savas
Seller's Agent
Jennifer Sabodish
Keller Williams Realty Central Monmouth
Buyer's Agent
NON MEMBER
VRI Homes
List Price
$600,000
Sold Price
$550,000
Premium/Discount to List
-$50,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%

Purchase Details

Closed on
Apr 26, 2018
Sold by
Bertoli Tom
Bought by
916 Rt 34 Llc

Purchase Details

Listed on
May 12, 2014
Closed on
Nov 5, 2014
Sold by
Fannie Mae
Bought by
Bertoli Tom
Seller's Agent
Vanna Frosoni
Neptune Real Estate Sales & Management
Buyer's Agent
Vanna Frosoni
Neptune Real Estate Sales & Management
Sold Price
$142,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.36%

Purchase Details

Closed on
May 13, 2003
Sold by
Ammann William
Bought by
Balog Theodore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
5.71%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Rissiotis Constantine $550,000 New Title Company Name
Rissiotis Savas $550,000 Techno Ttl & Abstract Agcy L
916 Rt 34 Llc $150,000 Old Republic National Title
Bertoli Tom $142,000 None Available
Balog Theodore $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rissiotis Constantine $412,500
Previous Owner Balog Theodore $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2021 10/20/21 Sold $550,000 -8.3% $344 / Sq Ft
10/19/2021 10/19/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $600,000 0.0% $375 / Sq Ft
09/24/2021 09/24/21 Pending -- -- --
07/26/2021 07/26/21 Price Changed $600,000 -4.0% $375 / Sq Ft
07/08/2021 07/08/21 For Sale $625,000 0.0% $391 / Sq Ft
06/26/2021 06/26/21 Pending -- -- --
05/20/2021 05/20/21 For Sale $625,000 0.0% $391 / Sq Ft
09/25/2020 09/25/20 Rented $27,600 +1100.0% --
09/16/2020 09/16/20 Under Contract -- -- --
08/25/2020 08/25/20 Price Changed $2,300 -4.2% $1 / Sq Ft
07/19/2020 07/19/20 For Rent $2,400 0.0% --
11/14/2014 11/14/14 Sold $142,000 -- $89 / 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 $12,211 $566,700 $87,000 $479,700
2023 $12,211 $561,700 $87,000 $474,700
2022 $14,032 $559,100 $107,000 $452,100
2021 $14,032 $518,900 $107,000 $411,900
2020 $6,555 $239,600 $107,000 $132,600
2019 $6,451 $236,300 $107,000 $129,300
2018 $6,688 $241,000 $103,000 $138,000
2017 $6,258 $222,300 $87,000 $135,300
2016 $6,077 $220,500 $87,000 $133,500
2015 $5,886 $215,200 $87,000 $128,200
2014 $5,987 $219,700 $87,000 $132,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22114030

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 31-00045-01-00013