423 Melrose Way
Keyport, NJ 07735
2 bd 1 ba 935 sqft Built 1948 Lot 3,907 sqft single_family
Most recent sale
$315,000
Dec 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 6, 2022 | Sold | $315,000 | MoreMLS |
| Oct 19, 2018 | Sold | $215,000 | MoreMLS |
| Sep 1, 2018 | Price changed | $219,500 | MoreMLS |
| Aug 1, 2018 | Price changed | $229,000 | MoreMLS |
| Jul 9, 2018 | Listed | $239,000 | MoreMLS |
| Jun 26, 2012 | Sold | $145,500 | Public Record |
| Oct 15, 2003 | Sold | $170,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $127,500 | $267,500 | $395,000 | $7,817 |
| 2024 | $127,500 | $267,500 | $395,000 | $7,099 |
| 2023 | $101,000 | $178,300 | $279,300 | $6,055 |
| 2022 | $96,200 | $155,600 | $251,800 | $6,242 |
| 2021 | $85,600 | $143,000 | $228,600 | $6,238 |
| 2020 | $83,600 | $135,400 | $219,000 | $5,996 |
| 2019 | $83,200 | $122,400 | $205,600 | $5,795 |
| 2018 | $79,300 | $115,000 | $194,300 | $5,473 |
| 2017 | $76,900 | $121,000 | $197,900 | $5,495 |
| 2016 | $74,900 | $111,000 | $185,900 | $4,948 |
| 2015 | $73,000 | $101,000 | $174,000 | $4,597 |
| 2014 | $72,500 | $106,000 | $178,500 | $4,632 |
| 2013 | $72,500 | $136,000 | $208,500 | $5,160 |
| 2012 | $72,500 | $136,000 | $208,500 | $5,277 |
| 2011 | $72,500 | $136,000 | $208,500 | $5,037 |
| 2010 | $72,500 | $136,000 | $208,500 | $4,964 |
| 2009 | $72,500 | $136,000 | $208,500 | $4,835 |
| 2008 | $39,200 | $34,100 | $73,300 | $3,993 |
| 2007 | $39,200 | $34,100 | $73,300 | $3,993 |
Property facts
Year built
1948
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
935 sqft
Lot size
3,907 sqft
ZIP code
07735
City
Keyport
Street
Melrose Way
Coordinates
40.44015, -74.21753
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,403
Gross rental yield
5.34%
Implied cap rate
3.47%
Trend-extrapolated value
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Frequently asked questions
When did 423 Melrose Way last sell?
423 Melrose Way most recently sold on Dec 6, 2022 for $315,000.
What is the current tax assessment for 423 Melrose Way?
The most recent total assessment for 423 Melrose Way (year 2025) is $395,000 with $7,817 in property tax.
How does 423 Melrose Way's assessment compare to its last sale price?
The current assessment is 25.4% above the last sale price of $315,000.
When was 423 Melrose Way built?
423 Melrose Way was built in 1948.
How does 423 Melrose Way compare to others on Melrose Way?
We track 2 other properties on Melrose Way. Browse the list under "Other properties on Melrose Way" to compare beds, baths, and sale history.
What are the property facts for 423 Melrose Way?
423 Melrose Way is a 2 bed, 1 bath, 935 sqft, 3,907 sqft lot single_family.
Is 423 Melrose Way a flip candidate?
No — 423 Melrose Way does not appear in our flips dataset.
Is 423 Melrose Way a tax-appeal candidate?
Yes — 423 Melrose Way appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.8%
Implied 1-yr
+7.2%
2026 Q3
$591.8K
2026 Q4
$601.4K
ZIP 07735 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Melrose Way