NOT LISTED FOR SALE

40 Lippincott Ave Long Branch, NJ 07740

Estimated Value: $702,933 - $803,000

4 Beds
2 Baths
2,080 Sq Ft
$358/Sq Ft Est. Value

Last Sold June 27, 2023

Last sale price $675,000 $325 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,683/month

24 Days on Market

Highlights

  • Attic
  • Baseboard Heating
  • Level Lot
  • Multiple cooling system units

About This Home

As of June 2023

This property is an excellent investment opportunity or a great primary residence with a rental unit. Its location is unbeatable, as it is only a mile away from the beach, and it's conveniently located right off Broadway, where you can find plenty of shops and restaurants.
The property features spacious rooms that can be easily divided into three or more bedrooms, making it a versatile space. Additionally, it has a walk-up attic and an exterior access basement, providing ample storage and potential living space.

Last Listed By

Sunny Lo

Berkshire Hathaway HomeServices Fox & Roach - Holmdel License #1431101 Listed on: 04/17/2023

Berkshire Hathaway HomeServices Fox & Roach - Holmdel

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,412

Year Built

  • Built in 1910

Lot Details

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

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,080 Sq Ft Home
  • 2-Story Property
  • Walkup Attic
  • Stove

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Storage

Parking

  • No Garage
  • Paved Parking
  • Off-Street Parking

Schools

  • Gregory Elementary School
  • Long Branch Middle School
  • Long Branch High School

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Tenants' beloings
  • Assessor Parcel Number 27-00267-0000-00025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,412

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Reso Interior Features: Attic, Attic - Walk Up
  • New Construction: No
  • Year Built: 1910
  • 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
  • Location Middle School: Long Branch
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Interior Attic: Yes
  • Garage None4: Yes
  • Cooling Multi Units: Yes
  • Interior Attic - Walk Up: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Basement Tenant Storage: Yes
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access, Tenant Storage, Tenant Acc
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Exclusions: Tenants' beloings
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, Off Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Baseboard: Yes

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00267-0000-00025
  • Zoning Description: Neighborhood, Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6412.0
  • Tax Other Annual Assessment Amount: 357600.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Gregory
  • High School: Long Branch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2023
Closed on
Jun 22, 2023
Sold by
Choi Richard Jae Thak
Bought by
Alvarez Cecilia Azucena
Seller's Agent
Sunny Lo
Berkshire Hathaway HomeServices Fox & Roach - Holmdel
Buyer's Agent
Manuel Dominguez
RE/MAX Synergy
List Price
$675,000
Sold Price
$675,000
Total Days on Market
24
Views
109
Current Estimated Value
$743,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,733
Avg. Annual Appreciation
5.66%
Original Mortgage
$662,774
Outstanding Balance
$651,192
Interest Rate
6.67%
Mortgage Type
FHA
Estimated Equity
$95,776

Purchase Details

Closed on
Jul 15, 2004
Sold by
Hoover Maria
Bought by
Choi Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
6.28%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 1995
Sold by
D & Sons Construction
Bought by
Hoover Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.33%
Mortgage Type
Commercial

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
Alvarez Cecilia Azucena $675,000 First American Title
Choi Richard $330,000 --
Hoover Maria $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Cecilia Azucena $662,774
Previous Owner Choi Richard Jae Thak $200,000
Previous Owner Choi Richard $247,500
Previous Owner Hoover Maria $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2023 06/27/23 Sold $675,000 0.0% $325 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
04/17/2023 04/17/23 For Sale $675,000 -- $325 / 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 $6,386 $669,000 $113,800 $555,200
2023 $6,386 $411,200 $103,800 $307,400
2022 $6,053 $357,600 $86,800 $270,800
2021 $6,053 $302,500 $71,800 $230,700
2020 $6,230 $298,100 $68,800 $229,300
2019 $6,043 $287,500 $68,800 $218,700
2018 $5,909 $279,500 $68,800 $210,700
2017 $5,678 $275,500 $68,800 $206,700
2016 $5,661 $280,100 $78,800 $201,300
2015 $5,262 $236,300 $85,300 $151,000
2014 $4,982 $235,800 $101,800 $134,000
Source: Public Records

Agents Affiliated with this Home

  • Sunny Lo

    Seller's Agent in 2023

    Sunny Lo

    BHHS Fox & Roach

    (732) 788-5453

    6 in this area

    17 Total Sales

    Sunny Lo
    Section Image
  • Manuel Dominguez

    Buyer's Agent in 2023

    Manuel Dominguez

    RE/MAX

    (732) 795-9500

    4 in this area

    19 Total Sales

    Manuel Dominguez
    Section Image
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Map

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Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22309941

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00267-0000-00025

New Jersey Monmouth County Long Branch 07740

40 Lippincott Ave, Long Branch, NJ

Homes for Sale in Long Branch, NJ

This home is located at 40 Lippincott Ave, Long Branch, NJ 07740 since 17 April 2023 and is currently estimated at $743,733, approximately $357 per square foot. This property was built in 1910. 40 Lippincott Ave is a home located in Monmouth County with nearby schools including Long Branch High School and Holy Trinity School.

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.