318 Longwood Avenue

Bound Brook, NJ 08805

$500,000
Last Sold Price
4
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Spacious multi-family with partially finished walk out basement. Strong cash flow. NOT IN A FLOOD ZONE, no flood insurance needed. Unit 1 is first floor and partially finished basement with laundry and walk out. Unit 1 has 3 bedrooms, kitchen, living room, dining room (which is being used as 4th bedroom, wall can come down), 1 bath and screened in porch. Unit 2 is second floor with 1 bedroom, kitchen, living room and 1 bath. This home offers a sizable lot with plenty of room for entertaining and...Spacious multi-family with partially finished walk out basement. Strong cash flow. NOT IN A FLOOD ZONE, no flood insurance needed. Unit 1 is first floor and partially finished basement with laundry and walk out. Unit 1 has 3 bedrooms, kitchen, living room, dining room (which is being used as 4th bedroom, wall can come down), 1 bath and screened in porch. Unit 2 is second floor with 1 bedroom, kitchen, living room and 1 bath. This home offers a sizable lot with plenty of room for entertaining and also a backyard for tenants to share. One car garage attached. Rent is under market value. Tenants are both month to month.
  1. Listed by JESSICA NEWELL • RE/MAX INSTYLE

Property Details for 318 Longwood Avenue

Directions
Vosseller to Longwood #318 (on left)
Days On Market
14

Location

Add your commute
LISTING UPDATED: 10/21/2023 03:02 AM

Property Details for 318 Longwood Avenue

StatusSold
MLS #3793864
Days on Market14
Taxes$10,397 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1951
Lot Size0.17 AC / 7,405 SF
CountySomerset County

Location

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Building Information for 318 Longwood Avenue

Stories-Residences2Year Built1951Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$3,595 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,729

Property Taxes

$866

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 318 Longwood Avenue

Summary
Location and General Information
  • High School: BOUNDBROOK
  • Active Days on Market: 17
  • Renovated Year: 2017
  • County #: Somerset
  • Town Name: Bound Brook Boro
  • Block Identifier: 58
  • Listing Type: Exclusive Right to Sell
  • Town #: 2704.0
  • Street # Display: 318.0
  • # Parking Spaces: 2
  • County Or Parish: Somerset
  • Street Name: Longwood Ave
  • Zip Code: 08805-1608
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $10,397
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 452300.0
  • Tax ID For Property: 2704-00058-0000-00011-0000-
  • Tax Rate Amount: $3
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year: 2021
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width, Concrete
  • # Garage Spaces: 1
  • Garage Description: Attached Garage
Property
Lot Information
  • Lot Identifier: 11
  • Approximate Lot Size: 75X100
  • Total Acres: 0.17
  • Construction Date/Year Built: 1951
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 275300.0
  • Assessment Land: 177000.0
Utilities
  • Cooling: Ceiling Fan, Window A/C(s)
  • Services: Cable TV Available, Garbage Extra Charge
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 2 Units
  • Fuel Type: Electric, Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding, Brick
Interior Features
  • Interior Features: Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Full, Partial, Walkout
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 1800.0
  • Unit 1 Room Description: Eat-In Kitchen, Kitchen, Living Room
  • Unit 1 Rooms: 6.0
  • Unit 1 Security Deposit: 2700.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 1100.0
  • Unit 2 Room Description: Attic, Kitchen, Living Room
  • Unit 2 Rooms: 4.0
  • Unit 2 Security Deposit: 700.0
  • Unit 2 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $16,000.00
  • Expenses Include: Garbage Collection, Insurance, Maintenance, Taxes
  • Net Operating Income: $18,800.00
  • Gross Operating Income: $34,800.00

Property History for 318 Longwood Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 318 Longwood Avenue

Taxable ValueLand$202,000Additions$265,200Total$467,200
Tax Record2022$11,253 ($938 / month)
Home Facts
Beds0Total Finished SqFt2,428 SqFtAbove Grade Finished SqFt2,428 SqFtLot Size7,500 SqFtStyleSingle Family ResidenceYear Built1951CountySOMERSETAPN04 00058-0000-00011

Schools near 318 Longwood Avenue

This home is within Bound Brook School District.
Rating
School
Type
Grades
Distance
Public - 1 to 2
Public - 7 to 8
Public - 9 to 12
Public - 3 to 6
Rating
School
Distance
Lafayette Elementary School
Public1 to 2

Community Middle School
Public7 to 8

Bound Brook High School
Public9 to 12

Smalley Elementary School
Public3 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX INSTYLE, JESSICA NEWELL

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/02/2024 05:55 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.