NOT LISTED FOR SALE

55 Melrose Terrace Unit 214 Long Branch, NJ 07740

Estimated Value: $696,674 - $790,000

2 Beds
2 Baths
1,207 Sq Ft
$659/mo HOA Fee

Last Sold May 07, 2021

Last sale price $525,000 $435 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,610/month

18 Days on Market

Highlights

  • Fitness Center
  • Oceanside
  • New Kitchen
  • In Ground Pool
  • 2.32 Acre Lot
  • Engineered Wood Flooring

About This Home

As of May 2021

Welcome to Pier Village! Need a beach house, a downsize, an easy breezy place to call home? Look no further! Just in time for spring, this move in ready 2 bedroom 2 bath is waiting for you. Open concept kitchen with breakfast bar, stainless steel appliances and stone countertops with nice sized sunny living room. Spacious master suite with full bath and two large closets. Full laundry, pantry and balcony to enjoy cocktails and sunsets! Assigned parking in underground garage. Pool and fitness room. Fining dining, shopping, gorgeous beach and boardwalk out your door! No need to drive, but enjoy the Jersey Shore!

Last Listed By

Sherry Gross

Berkshire Hathaway HomeServices Fox & Roach - Rumson License #9031670 Listed on: 03/01/2021

Berkshire Hathaway HomeServices Fox & Roach - Rumson

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,793

Year Built

  • Built in 2000

Lot Details

  • Landscaped

HOA Fees

  • $659 Monthly HOA Fees

Parking

  • Subterranean Parking
  • On-Street Parking

Interior Spaces

  • 1,207 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet on the main level
  • Light Fixtures
  • Thermal Windows
  • Insulated Windows
  • Blinds
  • Window Screens
  • French Doors
  • Living Room

Kitchen

  • New Kitchen
  • Self-Cleaning Oven
  • Electric Cooktop
  • Stove
  • Dishwasher
  • Granite Countertops

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Primary Bathroom Bathtub Only

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Fence Around Pool
  • Pool Equipment Stays

Outdoor Features

  • Oceanside
  • Terrace
  • Exterior Lighting

Schools

  • Long Branch Middle School
  • Long Branch High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Exclusions: personal items
  • Assessor Parcel Number 27-00225-03-00002-05-C0214

Community Details

Overview

  • Front Yard Maintenance
  • Association fees include trash, common area, exterior maint, fire/liab, lawn maintenance, mgmt fees, sewer, snow removal
  • Pier Village Subdivision
  • On-Site Maintenance

Amenities

  • Common Area

Recreation

  • Fitness Center
  • Community Pool
  • Snow Removal

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,793

Year Built

Built in 2000

Lot Details

0

HOA Fees

$659 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • ResoLotFeatures: Oceanside
  • ResoPoolFeatures: Common, Fenced, In Ground, Pool Equipment
  • Reso Association Amenities: Professional Management, Association, Exercise Room, Pool, Common Area, Landscaping
  • Reso Association Fee Includes: Trash, Common Area, Exterior Maint, Fire/Liab, Lawn Maintenance, Mgmt Fees, Sewer, Snow Removal
  • Co List Office Mls Id: 3916
  • Co List Office Phone: 732-530-2800
  • Inclusions: AC Units, Washer, Window Treatments, Blinds/Shades, Dishwasher, Dryer, Electric Cooking, Light Fixtures, Self/Con Clean, Stove, Refrigerator, Screens
  • Subdivision Name: Pier Village
  • Architectural Style: One Level Unit
  • Reso Flooring: Ceramic Tile, Engineered
  • Reso Interior Features: Ceilings - 9Ft+ 1st Flr, French Doors
  • New Construction: No
  • ResoWindowFeatures: Insulated Windows
  • Year Built: 2000
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • WaterSewer Public Sewer: Yes
  • Floors Engineered: Yes
  • Common Elements Common Area: Yes
  • Common Elements Exercise Room: Yes
  • Common Elements Pool4: Yes
  • Garage Underground Garage: Yes
  • Pool Common2: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Exterior Maint: Yes
  • Exterior Controlled Access: Yes
  • Exterior Terrace: Yes
  • General Property Info Acreage: 2.32
  • General Property Info Farm: No
  • Location Middle School: Long Branch
  • Living Room Floor - Wood2: Yes
  • Kitchen Newer: Yes
  • Water Heater Electric2: Yes
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Exterior Lighting: Yes
  • Interior French Doors: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Included BlindsShades: Yes
  • Included Electric Cooking: Yes
  • Included Light Fixtures: Yes
  • Exterior Thermal Window: Yes
  • Number Appliances Included A C Units: Yes
  • Included Screens: Yes
  • Included Window Treatments: Yes
  • Kitchen Floor - Ceramic4: Yes
  • Common Elements Landscaping: Yes
  • Kitchen GraniteStone Counter: Yes
  • Pool Fenced: Yes
  • Pool Pool Equipment: Yes
  • Kitchen Ceramic Tile3: Yes
  • Included SelfCon Clean: Yes
  • Heating Electric Heat Pump2: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Total Bedrooms: 4
  • Stories: 1
  • Basement:None2: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes

Exterior Features

  • Roof: Other - See Remarks
  • Acres: 2.32
  • Waterfront Features: Oceanside/Beach Blk
  • Waterfront: No
  • Exclusions: personal items
  • Exterior Features: Controlled Access, Terrace, Thermal Window, Lighting
  • Exterior Features:Pool-In Ground: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: On Street, Underground
  • General Property Info:Garage: Yes
  • Parking:Underground: Yes
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric Heat Pump, 3+ Zoned AC
  • Cooling Y N: Yes
  • Heating: Electric, Electric Heat Pump, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes
  • HeatingCooling:Electric Heat Pump: Yes

Condo/Co-op/Association

  • Association Fee: 658.88
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Fee Includes Lawn Maintenance: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes
  • Association Fee Includes:Trash: Yes
  • Association Fee Includes:Sewer: Yes

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Size Sq Ft: 101059.2
  • Parcel #: 27-00225-03-00002-05-C0214
  • Zoning Description: Residential

Green Features

  • Energy Features Insulated Windows: Yes

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 9793.0

MLS Schools

  • High School: Long Branch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2021
Closed on
Apr 29, 2021
Sold by
Boresta Robert
Bought by
Miller Arthur and Shepelevsky Marina
Seller's Agent
Sherry Gross
Berkshire Hathaway HomeServices Fox & Roach - Rumson
Buyer's Agent
Patrick Parker
Patrick Parker Realty
List Price
$549,000
Sold Price
$525,000
Premium/Discount to List
-$24,000
-4.37%
Total Days on Market
18
Current Estimated Value
$750,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,919
Avg. Annual Appreciation
9.12%
Original Mortgage
$420,000
Outstanding Balance
$386,238
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$356,790

Purchase Details

Listed on
Oct 19, 2013
Closed on
Jul 14, 2014
Sold by
55 Melrose Llc
Bought by
Boresta Robert
Seller's Agent
Lisa Jerman
The Marketing Directors Inc.
Buyer's Agent
Dawn Nassaney
The Marketing Directors Inc.
Sold Price
$420,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.33%
Original Mortgage
$315,000
Interest Rate
4.18%
Mortgage Type
New Conventional

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
Miller Arthur $525,000 Foundation Title Llc
Boresta Robert $420,000 Agent For Chicago Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Arthur $420,000
Previous Owner Boresta Robert $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $525,000 -4.4% $435 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $549,000 +30.7% $455 / Sq Ft
07/18/2014 07/18/14 Sold $420,000 -- $348 / 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 $9,214 $649,000 $415,000 $234,000
2023 $9,214 $593,300 $370,000 $223,300
2022 $9,429 $541,200 $309,000 $232,200
2021 $9,429 $471,200 $260,000 $211,200
2020 $10,709 $512,400 $300,000 $212,400
2019 $9,793 $465,900 $295,000 $170,900
2018 $9,338 $441,700 $275,000 $166,700
2017 $9,120 $442,500 $275,000 $167,500
2016 $8,894 $440,100 $275,000 $165,100
2015 $9,289 $417,100 $250,000 $167,100
2014 $8,264 $391,100 $210,000 $181,100
Source: Public Records

Agents Affiliated with this Home

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Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22105726

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00225-03-00002-05-C0214