$716,073 - $876,000
RENTED AUG 1, 2024

55 Melrose Terrace Unit 216 Long Branch, NJ 07740

2 Beds
2 Baths
1,160 Sq Ft
$670 Price per Sq Ft

Last Sold September 09, 2021

Last sale price $585,000 $504 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,125/month

About This Home

As of September 2021

Beautifull ANNUAL RENTAL in Pier Village. 2 bedroom/2 full bath unit on the second floor features open concept kitchen w/island & SS appliances/ living room/ dining room. Hardwood floors through out, laundry in unit, private balcony, one space in underground garage, access to pool & fitness center. Resort style living in the Jersey shore's hottest town!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2021
Closed on
Aug 26, 2021
Sold by
Manzano Wilfredo and Manzano Linda M
Bought by
Shah Rajan and Shah Sandhya
Seller's Agent
Marcelle Bale
Burke&Manna Real Estate Agency
Buyer's Agent
Chris Katz
RE/MAX Synergy
List Price
$559,000
Sold Price
$585,000
Premium/Discount to List
$26,000
4.65%
Current Estimated Value
$777,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,518
Avg. Annual Appreciation
8.18%

Purchase Details

Listed on
Aug 16, 2018
Closed on
Sep 25, 2018
Sold by
Lee Eddie and Lee Suzanna Lee
Bought by
Manzano Linda M and Manzano Wilfredo
Seller's Agent
Carol Mazza
Coldwell Banker Realty
Buyer's Agent
Marcelle Bale
Coldwell Banker Res. Brokerage
Sold Price
$545,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.41%
Interest Rate
4.65%

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Shah Rajan $585,000 Angel Title And Abstract Inc
Manzano Linda M $545,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Manzano Wilfredo $400,000
Previous Owner Manzano Linda M --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2024 08/01/24 Rented $3,500 -2.8% --
05/30/2024 05/30/24 Under Contract -- -- --
02/15/2024 02/15/24 Price Changed $3,600 -5.3% $3 / Sq Ft
11/13/2023 11/13/23 Price Changed $3,800 -5.0% $3 / Sq Ft
10/13/2023 10/13/23 For Rent $4,000 +6.7% --
01/03/2022 01/03/22 Rented $3,750 0.0% --
10/26/2021 10/26/21 Under Contract -- -- --
10/11/2021 10/11/21 Price Changed $3,750 -6.3% $3 / Sq Ft
09/24/2021 09/24/21 For Rent $4,000 0.0% --
09/09/2021 09/09/21 Sold $585,000 +1.0% --
06/27/2021 06/27/21 Price Changed $579,000 +3.6% --
06/27/2021 06/27/21 For Sale $559,000 +2.6% --
09/20/2018 09/20/18 Sold $545,000 0.0% $470 / Sq Ft
03/01/2016 03/01/16 Rented $2,800 -91.0% --
12/10/2014 12/10/14 Rented $31,200 -20.6% --
05/15/2014 05/15/14 Rented $39,281 -- --

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 $9,529 $641,500 $415,000 $226,500
2023 $9,529 $613,600 $370,000 $243,600
2022 $8,724 $557,800 $309,000 $248,800
2021 $8,724 $464,200 $260,000 $204,200
2020 $10,561 $505,300 $300,000 $205,300
2019 $9,673 $460,200 $295,000 $165,200
2018 $9,219 $436,100 $275,000 $161,100
2017 $9,005 $436,900 $275,000 $161,900
2016 $8,783 $434,600 $275,000 $159,600
2015 $9,164 $411,500 $250,000 $161,500
2014 $8,748 $414,000 $240,000 $174,000
Source: Public Records

Agents Affiliated with this Home

  • Chris Katz/Remax Long Branch

    Seller's Agent in 2024

    Chris Katz/Remax Long Branch

    Douglas Elliman of NJ LLC

    (732) 859-8505

    8 in this area

    28 Total Sales

    Chris Katz/Remax Long Branch
    Section Image

  • C

    Seller's Agent in 2022

    Chris Katz

    RE/MAX

  • Marcelle Bale

    Seller's Agent in 2021

    Marcelle Bale

    Burke&Manna Real Estate Agency

    (732) 455-5420

    7 in this area

    68 Total Sales

    Marcelle Bale
    Section Image

  • J

    Buyer's Agent in 2016

    Jenine D'Arey-Meyer

    Daunno Realty Services

  • C

    Seller's Agent in 2014

    Carol Mazza

    Coldwell Banker Realty

  • N

    Buyer's Agent in 2014

    Nicole Oakley

    VRI Homes

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Map

New Jersey Monmouth County Long Branch 07740

55 Melrose Terrace Unit 216, Long Branch, NJ

Homes for Sale in Long Branch, NJ

This home is located at 55 Melrose Terrace Unit 216, Long Branch, NJ 07740 and is currently estimated at $777,518, approximately $670 per square foot. 55 Melrose Terrace Unit 216 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.