Seller's Agent in 2020
Kelley McCarthy-Kane
O'Brien Realty, LLC
(201) 923-5540
55 Melrose Terrace Unit 314 Long Branch, NJ 07740
Estimated Value: $753,849 - $917,000
2
Beds
2
Baths
1,207
Sq Ft
$658/mo
HOA Fee
Highlights
- Fitness Center
- Oceanside
- Terrace
- In Ground Pool
- Wood Flooring
- Breakfast Area or Nook
About This Home
As of August 2020FULLY FURNISHED luxury condo in complex that has been completely updated inside & out w/in past 5 years in prime Pier Village 2 blocks to beach! Turn-key 2 bed/2 bath includes all furnishings: Italian leather sofas, Pottery Barn bed sets, 3 flat screen TVs, dining set... Located on quiet side of building overlooking cul-de-sac w/ views of pool. Full size front loading W/D in unit. Secure building w/ restricted, key-fob only, front & garage entry. Garage provides secure direct-access elevator from garage-ground level to 3rd floor. Conveniently located to restaurants, shopping, beach, Jersey Shore & Monmouth Medial centers, Monmouth Univ., NJ Transit train & NYC bus, 15 mins to Sea Streak Ferry & GSP. Park your cars in private garage, unpack. Enjoy the Shore! Large, light-filled Master suite w/ ample storage. Guest bedroom features large closet & access to fully updated bath. Home features hardwood floors in living & dining areas, 9ft ceilings. Open-concept gourmet kitchen w/ SS appliances/dining/living area perfect for entertaining w/ access to balcony.
2 indoor, assigned parking spaces w/ room to add storage unit for beach gear! Amenities include pool, fitness area, pets allowed. Financially sound management company provides regular cleaning & maintenance. Association updates include: vestibule, lobby, halls (2018), carpeting and exterior painting (2017).
Condo can also be purchased unfurnished.
Last Listed By
Kelley McCarthy-Kane
O'Brien Realty, LLC License #1537856 Listed on: 02/15/2020
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,214
Year Built
- Built in 2000
Lot Details
- 2.32
HOA Fees
- $658 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Visitor Parking
Home Design
- Shingle Roof
Interior Spaces
- 1,207 Sq Ft Home
- 1-Story Property
- Blinds
- Window Screens
- Living Room
- Home Security System
Kitchen
- Breakfast Area or Nook
- Self-Cleaning Oven
- Electric Cooktop
- Stove
- Range Hood
- Microwave
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
- Primary Bathroom Bathtub Only
Laundry
- Dryer
- Washer
Outdoor Features
- In Ground Pool
- Oceanside
- Balcony
- Terrace
Schools
- Long Branch Middle School
- Long Branch High School
Utilities
- Air Conditioning
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Exclusions: Artwork, Liquor Cabinet in Living Room, Storage Unit in Master Bath, Dishes, Personal Items
- Assessor Parcel Number 27-00225-03-00002-05-C0314
Community Details
Overview
- Front Yard Maintenance
- Association fees include trash, common area, exterior maint, lawn maintenance, mgmt fees, pool, snow removal, water
- Pier Village Subdivision
- On-Site Maintenance
Recreation
- Fitness Center
- Community Pool
- Snow Removal
Pet Policy
- Dogs and Cats Allowed
Additional Features
- Common Area
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2020
Closed on
Aug 13, 2020
Sold by
Toresco Albert and Toresco Kelly
Bought by
Bhambri Ajay and Bhambri Neha Madhok
Seller's Agent
Kelley McCarthy-Kane
O'Brien Realty, LLC
Buyer's Agent
Paul Kiernan
Murphy Realty Preferred Homes
List Price
$539,000
Sold Price
$510,000
Premium/Discount to List
-$29,000
-5.38%
Total Days on Market
142
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,212
Avg. Annual Appreciation
10.72%
Original Mortgage
$408,000
Outstanding Balance
$365,346
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$457,866
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bhambri Ajay | $510,000 | Golden Title Agency Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bhambri Ajay | $408,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/17/2020 08/17/20 | Sold | $510,000 | -5.4% | $423 / Sq Ft |
| 07/06/2020 07/06/20 | Pending | -- | -- | -- |
| 02/15/2020 02/15/20 | For Sale | $539,000 | -- | $447 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History Compared to Growth
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 | $10,105 | $541,200 | $309,000 | $232,200 |
| 2021 | $10,105 | $505,000 | $260,000 | $245,000 |
| 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 | $8,475 | $401,100 | $220,000 | $181,100 |
Source: Public Records
Agents Affiliated with this Home
-
-
Bernadette Bonner
B
Seller Co-Listing Agent in 2020
Bernadette Bonner
O'Brien Realty, LLC
(908) 295-6999
1 in this area
13 Total Sales
-
Buyer's Agent in 2020
Paul Kiernan
Murphy Realty Preferred Homes
Map
Similar Homes in Long Branch, NJ
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22006256
APN: 27-00225-03-00002-05-C0314
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