NOT LISTED FOR SALE

Estimated Value: $551,000 - $608,703

5 Beds
2 Baths
1,456 Sq Ft
$397/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $500,000 $343 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,029/month

4 Days on Market

Highlights

  • 1 Car Detached Garage
  • Cooling Available
  • Level Lot

About This Home

As of December 2023

Attention investors and contractors rare opportunity to acquire and restore this unique income property in the desirable Belford section of Middletown. It consists of three dwellings: 835 Main street which is the front residence containing three bedrooms. 837 Main Street the rear cottage containing two bedrooms and a separate large rear garage with high ceilings and office or shop area; all on a huge flat lot with plenty of on site parking. This property is ideal for a contractor who needs a large garage plus rental income or those seeking a rehab project and is being sold strictly ''As Is''. Certificate of occupancy is the responsibility of the purchaser.

Last Listed By

Craig Bahrs

Bahrs Real Estate, LLC License #7810458 Listed on: 11/13/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,278

Year Built

  • 1917

Lot Details

  • Lot Dimensions are 125x199
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Workshop in Garage
  • Off-Street Parking

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Partial Basement

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 3200491000000056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,278

Year Built

1917

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 125X199
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Garage Workshop2: Yes
  • Special Features: None
  • Year Built: 1917

Interior Features

  • Basement: Walk-Out Access, Partial
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Basement:Walk-Out Access: Yes
  • Basement:Partial: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Paved, Off Street, Detached, Workshop in Garage
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 125X199
  • Parcel #: 3200491000000056

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9278.0
  • Tax Other Annual Assessment Amount: 554000.0

Multi Family

  • Number Of Units Total: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2023
Closed on
Jan 12, 2024
Sold by
Bahrs Janice E
Bought by
Happy Hour Holdings Llc
Seller's Agent
Craig Bahrs
Bahrs Real Estate, LLC
Buyer's Agent
Craig Bahrs
Bahrs Real Estate, LLC
List Price
$599,000
Sold Price
$500,000
Premium/Discount to List
-$99,000
-16.53%
Total Days on Market
4
Views
37
Current Estimated Value
$578,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,176
Avg. Annual Appreciation
8.32%
Original Mortgage
$400,000
Interest Rate
7.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2014
Sold by
Bahrs Craig A
Bought by
Bahrs Craig A and Bahrs Janice

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
Happy Hour Holdings Llc $500,000 Foundation Title
Bahrs Craig A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Happy Hour Holdings Llc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $500,000 -16.5% $343 / Sq Ft
11/17/2023 11/17/23 Pending -- -- --
11/13/2023 11/13/23 For Sale $599,000 -- $411 / 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 $9,629 $621,100 $263,100 $358,000
2023 $9,629 $554,000 $260,500 $293,500
2022 $9,445 $492,700 $209,100 $283,600
2021 $9,445 $454,100 $201,800 $252,300
2020 $9,698 $453,600 $207,000 $246,600
2019 $10,334 $489,300 $207,000 $282,300
2018 $10,259 $473,400 $204,100 $269,300
2017 $10,181 $465,100 $204,100 $261,000
2016 $9,967 $467,700 $195,100 $272,600
2015 $10,302 $466,800 $195,100 $271,700
2014 $10,036 $443,500 $195,100 $248,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22331558

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 32-00491-0000-00056