55 Matilda Terrace, Long Branch, NJ 07740 (MLS# 22326388)

55 Matilda Terrace, Long Branch, NJ 07740

$1,850,000

55 Matilda Terrace 7 family Victorian style home with separate back 2 car garage with an upstairs apartment

Garage with upper deck partial ocean views

Front porch with main entrance and 2 separate entrances to apartments

Front porch with separate entrances to 2 apartments

Magnificent woodwork in ceilings of vestibule

Center hallway include entrance to 3 Bedr unit on main floor and upstairs 3 apartments

Front porch view to Matilda Terrace street

Open peninsula kitchen and eating area in 3 Bedr apartment

Hot water and separate heating for garage upstairs apartment

Gas heating for all 6 units in main house

Basement bathroom w shower for after the beach

Upstairs 2 bedroom apartment kitchen area

Walk one block to the beach and boardwalk, steps to pier villages

Property Type: Multi-Family Bedrooms: 12 Baths: 7 Square Footage: 7,030 Lot Size (sq. ft.): 18,731 Status: Closed

Current Price: $1,850,000 List Date: 9/21/2023 Last Modified: 2/17/2025

Description

UNDER CONTRACT SELLERS WILL ENTERTAIN BACK UPM OFFERS! 7 FAMILY MAGNIFICENT OLD VICTORIAN HOME BUILT IN THE 1880'S! WELL KEPT IN PRISTINE CONDITION! MAGNIFICANT FRONT PORCH, BEAUTIFULL ORIGONAL WOODWOOKING IN THE MAIN VESTIBULE GRAND ENTERANCE! SOLD AS IS ALL CASH CONTRACT'S ONLY!!! PROOF OF FUNDS REQUIRED! ALL UNITS EXCEPT THE 3 BEDROOM UNIT OF WHICH WAS OWNER OCCUPIED UNTIL RECENTLY ARE RENTED WITH LONG TERM TENANTS , NO LEASES IN PLACE! 6 APARTMENTS IN THE MAIN HOME, ONE SEPERATE DETACHED 2 CAR GARAGE WITH A 2 BEDR UPSTAIRS APARTMENT WITH DECK PARTIAL OCEAN VIEWS , zoned 2 R-6 Townhouse/Professional Office ! Land area 19,095, building area 7030 Basement area 2000

More Information MLS# 22326388

Contract Info

List Price/SqFt: 341.39 New Construction: No Status: Closed List Date: 2023-09-21 Sold Price: $1,850,000 Current Price: $1,850,000 Property Sub-Type: Multiple Buildings

Location

Area/Section: West End Middle School: Long Branch House Number: 55 Street Name: Matilda Street Suffix: Terrace County: Monmouth Municipality: Long Branch (LON) Postal City: Long Branch State: NJ Zip Code: 07740 Complex/Subdivision: None Directions: GPS - take cedar avenue left onto to ocean ave left onto Matilda Terrace to # 55 DO NOT WALK PROPERTY WITHOUT AN APPOINTMENT! NEED 24/48 HOUR NOTICE! HOUSE HAS ALARMS! CALL LISTING AGENT TO SET TIME WITH THE TENANTS!

General Property Info

# Units in Bldg: 7 Handicap Access: No Waterfront: No # Levels: 2.5 Waterview: No Lot Dimensions: 110 x 171 Basement: Yes Garage: Yes # Acres: 0.43 # Car Garage: 2 Pool: No Bedrooms: 12 Full Baths: 7 Total Baths: 7 Apx SqFt: 7030 Apx Year Built: 1885

Tax and Legal

Asmnt - Total: 638400 Deed Restricted: No Taxes: 10475 Tax Year: 2022

Remarks & Misc

Excluded: PERSONAL PROPERTY

Unit 1

# Bedrooms: 3 Bedroom Level: 1 # Full Baths: 1 Kitchen Level: 1 Living Room Level: 1 AC Unit: 1 Gas Stove: 1 Refrigerator: 1

Unit 2

# Bedrooms: 2 AC Unit: 1 Gas Stove: 1 Refrigerator: 1

Unit 3

AC Unit: 1 Refrigerator: 1

Unit 4

# Bedrooms - Unit 4: 1 AC Unit: 1

Unit 5

# Bedrooms: 1 AC Unit: 1

Unit 6

# Bedrooms: 1 AC Unit: 1

Unit 7

# Bedrooms: 2 AC Unit: 1

Income & Expenses

Electric Expense: 3984 Gas Expense: 5284 Insurance Expense: 8461 Rep/Maint Expense: 12234 RE Tax Expense: 9940 Water/Sewer Expense: 2520 Other Expense: 1925 Other Expense Desc: 2035 Estimated Total Expenses: 46473 Net Income: 120630

Interior

Atrium: 1 Center Hall: 1 Great Rooms: 1

Zoning

Multi-Family: 1 Residential: 1

Showing

Call Agent: 1 Showing Time: 1

Lot Description

Fenced Area: 1 Level: 1

Water/Sewer

Public Sewer: 1

Floors

Wood: 1

Basement

Full: 1

Cooling

Multi Units: 1

Water Heater

Tank: 1

Heating

Natural Gas: 1 Steam: 1

Exterior

Awnings(s): 1 Deck: 1

Parking

Double Wide: 1 On Street: 1 Open: 1 None: 1 Other: 1

Garage

Apt Above Garage: 1 Detached: 1 Direct Access: 1 Heated Garage: 1

Assessment Status

To Be Assessed: 1

Siding

Cedar Shake: 1 Shingle Siding: 1

Landlord Pays

Electricity: 1 Gas: 1 Heat: 1 Hot Water: 1 Sewer: 1 Water: 1

Tenant Pays

Grounds Care: 1 Snow Removal: 1

Status Change Info

Under Contract Date: 2023-10-03 Sold Date: 2023-10-24 Sold Price: $1,850,000

Property Features

Unit 1: AC Unit; Gas Stove; Refrigerator Unit 2: AC Unit; Gas Stove; Refrigerator Unit 3: AC Unit; Refrigerator Unit 4: AC Unit Unit 5: AC Unit Unit 6: AC Unit Unit 7: AC Unit Interior: Atrium; Center Hall; Great Rooms Basement: Full Floors: Wood Cooling: Multi Units Heating: Natural Gas; Steam Water Heater: Tank Exterior: Awnings(s); Deck Siding: Cedar Shake; Shingle Siding Garage: Apt Above Garage; Detached; Direct Access; Heated Garage Parking: Double Wide; On Street; Open; None; Other Zoning: Multi-Family; Residential Lot Description: Fenced Area; Level Assessment Status: To Be Assessed Landlord Pays: Electricity; Gas; Heat; Hot Water; Sewer; Water Tenant Pays: Grounds Care; Snow Removal Showing: Call Agent; Showing Time

Listing Office: G & G Agency Inc

Listing Agent: Milo Sutton

Last Updated: February - 17 - 2025

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