NOT LISTED FOR SALE

123 3rd Ave Long Branch, NJ 07740

Estimated Value: $626,000 - $1,002,000

6 Beds
2 Baths
3,057 Sq Ft
$258/Sq Ft Est. Value

Last Sold May 22, 2015

Last sale price $305,500 $100 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $4,996/month

30 Days on Market

Highlights

  • Wood Flooring
  • Heating System Uses Natural Gas
  • 4-minute walk to Long Branch

About This Home

As of May 2015

Great opportunity to own a well maintained rental property. Both units are rented! Third floor offers several options. Buyer can renovate to make apt. 2 larger or apply for a variance and try to get a 3rd unit. Fire escape from 2nd and 3rd floor is in place already. Laundry room in basement is currently not being used by tenants. Landlord currently pays utilities but they could be separated for tenants to pay. Upgrades include: Heating 2006, Roof 2008, Windows 2011. Great location walking distance to Hospital, Train, Beaches and Pier Village. Please note Unit one is first floor, Unit two is second floor and third floor rooms are listed as ''unit 3'' however there is no 3rd unit. This is a legal two family. Owner will not remove tenants prior to sale.

Last Listed By

Anna Garifine

RE/MAX Synergy License #9913939 Listed on: 03/02/2015

RE/MAX Synergy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,613

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 50 x 140

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Dryer Hookup

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking
  • Off-Street Parking

Schools

  • Long Branch Middle School

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for water, sewer, heat, gas, electricity
  • Assessor Parcel Number 27-00217-0000-00018

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $1,843
  • Fuel Expense $2,100
  • Insurance Expense $1,600
  • Maintenance Expense $500
  • Water Sewer Expense $1,560
  • Gross Income $41,400
  • Net Operating Income $26,437

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,613

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Income And Expenses Maintenance Expense: 500.0
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Wood, Laminate, Ceramic Tile
  • Year Built: 1920
  • 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 140
  • Location Middle School: Long Branch
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Garage None4: Yes
  • Floors Laminate2: Yes
  • Income Expenses Electric Expense: 1843.0
  • Income Expenses Insurance Expense: 1600.0
  • Income Expenses WaterSewer Expense: 1560.0
  • Income Expenses Gross Income2: 41400.0
  • Income Expenses Net Income: 26437.0
  • Unit 1 Dryer Hookup3: Yes
  • Income Expenses Gas Expense: 2100.0
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, On Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Fee Information

  • Annual Water Sewer Expense: 1560.0

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 50 x 140
  • Parcel #: 27-00217-0000-00018

Rental Info

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

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 7613.0
  • Tax Other Annual Assessment Amount: 326400.0

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 1843.0
  • Annual Gross Income: 41400.0
  • Insurance Expense: 1600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2020
Sold by
Ernst Michael R and Ernst Tanja D
Bought by
123 3Rd Avenue Llc
Total Days on Market
30
Current Estimated Value
$787,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$270,097
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$495,353

Purchase Details

Listed on
Mar 2, 2015
Closed on
May 22, 2015
Sold by
Martin Diane Damiano and Martin Stephen J
Bought by
Ernst Michael R and Ernst Tanja D
Seller's Agent
Anna Garifine
RE/MAX Synergy
Buyer's Agent
Stephen Robert Goodman
Berkshire Hathaway HomeServices Fox & Roach - Ocean
Sold Price
$305,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.68%
Original Mortgage
$229,125
Interest Rate
3.62%
Mortgage Type
Commercial

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
123 3Rd Avenue Llc -- Scott Title Services Llc
Ernst Michael R $305,500 Red Bank Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 123 3Rd Avenue Llc $300,000
Previous Owner Ernst Michael R $229,125
Previous Owner Martin Stephen J $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2015 05/22/15 Sold $305,500 -- $100 / 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 $7,290 $523,500 $214,500 $309,000
2023 $7,290 $469,400 $174,500 $294,900
2022 $7,202 $399,300 $139,500 $259,800
2021 $7,202 $359,900 $120,500 $239,400
2020 $7,472 $357,500 $119,500 $238,000
2019 $7,071 $336,400 $109,500 $226,900
2018 $6,767 $320,100 $101,500 $218,600
2017 $6,265 $304,000 $89,500 $214,500
2016 $6,981 $345,400 $94,500 $250,900
2015 $7,269 $326,400 $95,700 $230,700
2014 $7,613 $360,300 $107,300 $253,000
Source: Public Records

Agents Affiliated with this Home

  • Anna Garifine

    Seller's Agent in 2015

    Anna Garifine

    RE/MAX

    (732) 870-1212

    5 in this area

    30 Total Sales

    Anna Garifine
    Section Image
  • Stephen Robert Goodman

    Buyer's Agent in 2015

    Stephen Robert Goodman

    Berkshire Hathaway HomeServices Fox & Roach - Ocean

    (732) 229-2800

    2 in this area

    5 Total Sales

    Stephen Robert Goodman
    Section Image

  • S

    Buyer's Agent in 2015

    Stephen Goodman

    Gannon Holsey Group

See All Agents

Map

Similar Homes in Long Branch, NJ

  • 399 Broadway, Long Branch, NJ 07740

    $980,018

    • 6 Beds
    • 3 Baths
    • 2,634 Sq Ft
    • 399 Broadway
    • Long Branch, NJ

    Investment 0pportunity Alert! Lovely downtown Long Branch PRESENTLY A 3 family home available for sale! AS IS SALE , upper 3 bedroom 1 bath unit is currently Vacant and listed for rent! OWNER NOW IS PAINTING THE VACANT UNIT AND WILL REPLACE THE RANGE FOR NEW TENANT'S PRIOR TO THEIR MOVE-IN , it can also be available for the owner to occupy and continue to earn the income from the both already

    Milo Sutton G & G Agency Inc

    Section Image
  • 118 Joline Ave, Long Branch, NJ 07740

    $799,000

    • 5 Beds
    • 3 Baths
    • 2,184 Sq Ft
    • 118 Joline Ave
    • Long Branch, NJ

    Must See! Now is the time to buy your beach home! 2 Family Homejust 1.5 blocks to 7 Presidents Beach in Long Branch. Pier Villagewith its upscale restaurants is just a short walk away. First floorfeatures 3 bedroom/2 full baths. Both baths are renovated. All newhard surface flooring throughout. Brand new kitchen with access tosunroom. Second apartment with 2 bedroom and 1 bath. Very topof the

    Carla Von Byrden Century 21 Viewpoint Realty

    Section Image
  • 207 Oakwood Ave, Long Branch, NJ 07740

    $795,000

    • 6 Beds
    • 2 Baths
    • 2,216 Sq Ft
    • 207 Oakwood Ave
    • Long Branch, NJ

    CASH COW INVESTMENT PROPERTY. POTENTIAL RENTS OF $4200 AND $2800. TENANTS PAY ALL UTILITIES; WATER, GAS, ELECTRIC, SEWER, GRASS CUTTING. LARGE 2 FAMILY HOME ON HUGE LOT IN PRIME LOCATION BORDERING THE WEST END OF LONG BRANCH. MINUTES AWAY FROM THE DESIRABLE LONG BRANCH BEACHS AND THE NEW KUSHNER BROADWAY REDEVELOPMENT. 12 MINUTES TO THE NEW NETFLIX STUDIOS. UNIT 1 FEATURES 4 LARGE BEDROOMS 1

    Kyle Golden C21 Thomson & Co.

    Section Image
See All Homes in Long Branch

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21507205

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00217-0000-00018

New Jersey Monmouth County Long Branch 07740

123 3rd Ave, Long Branch, NJ

Homes for Sale in Long Branch, NJ

This home is located at 123 3rd Ave, Long Branch, NJ 07740 since 02 March 2015 and is currently estimated at $787,706, approximately $257 per square foot. This property was built in 1920. 123 3rd Ave is a home located in Monmouth County with nearby schools including Long Branch High School, Holy Trinity School, and Ma'or Yeshiva High School for Boys.

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.