7 months on rocket

307 Norwood Ave, Long Branch, NJ, 07740

$1,999,000

Home List Price

$10,000*

Closing Credit

0 Baths
4,300 SqFt
$465/SqFt
Multi
Schools Nearby

Location

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307 Norwood Ave, Long Branch$1,999,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Garage1 space
CoolingMulti Unit(s)
BasementYes
MLS #22326129
Lot Size0.53 Acres
StatusActive

About 307 Norwood Ave

FOUR FAMILY Great investment opportunity in high growth Long Branch. Only 7 blocks to the beach. Close to Broadway for shopping and dining. Easy access from rt 36, rt35, rt 18 and Garden State Parkway exit 105. Close to Monmouth Medical Center and Monmouth University for potential seasonal rental options. Solar panels reduces expenses dramatically for landlord and tenants. Cap rate is 7.5%

Property Details

Property Features

Property Information:

  • Living Area: 4,300 SqFt

Listing Office:

  • Office Name: Douglas Elliman of NJ LLC
  • Listing Agent: Chris Katz

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 1 space

Lot Features

Lot Information:

  • Lot Size: 0.53 Acres

Utilities

Utilities Information:

  • Cooling: Multi Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,999,000
  • Price Per SqFt: $465/SqFt

Tax Information:

  • Annual Amount: $13,104
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Long Branch, NJ.

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Long Branch, NJ

City

Med. Sold Price

$749.5K

Med. Price/SqFt

$439

Avg. Days On Market

30

# of Sold Homes

14

307 Norwood Ave vs Long Branch

224 DAYS ON ROCKET

+194 Days

$1,999,000

+$1.2M More

$465/SqFt

+$26 More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $26/SqFt more than other homes in Long Branch, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MOREMLS (Monmouth Ocean Regional REALTORS®)
  • MLS Number: #22326129

Listing Office:

  • Office Name: Douglas Elliman of NJ LLC
  • Listing Agent: Chris Katz

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 10:20:23 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 08, 2015Home Sold
$500,000
May 30, 2014Home Sold
$428,500

Tax History

YEARPROP. TAXASSESSMENT
2020$13,104$627,000
2019$11,572$571,000
2018$11,572$547,400
2017$10,998$533,600

History based on county public records data.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,060

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3638902
6
/10

  • Betty McElmon Elementary School

  • 20 Parker Rd

  • 0.94 miles

  • Public District Grades PK-3

school-card-donut-3638903
4
/10

  • A A Anastasia Elementary School

  • 92 7th Ave

  • 1.17 miles

  • Public District Grades PK-5

school-card-donut-3638904
1
/10

  • Gregory Elementary School

  • 201 Monmouth Ave

  • 1.42 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,588. Residents of Long Branch, NJ typically earn less than $35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Monmouth County›Long Branch›07740›307 Norwood Ave

This home is located at 307 Norwood Ave in Long Branch, NJ and zip code 07740 in the West End Long Branch neighborhood. This 4,300 square foot home sits on a 0.53 acre lot. It has been listed on Rocket Homes since September 18, 2023 and is currently priced at $1,999,000.

In March 2024 more than 4 listings in Long Branch, NJ were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 8 were sold below. Between February 2024 and March 2024, Long Branch, NJ real estate market has seen increase in the number of listings by 15.7%. The median list price of listings available in March 2024 was $749,500, while the average time on the real estate market was 30 days.

From Rocket Homes Real Estate and based on county public records data.

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