55 Melrose Ter
Long Branch, NJ 07740
3 bd 2 ba 1,744 sqft Built 2000 Lot 137,650 sqft condos
Most recent sale
$740,000
Jul 20, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 9, 2024 | Price changed | $979,000 | MoreMLS |
| Mar 8, 2024 | Listed | $999,900 | MoreMLS |
| Feb 28, 2024 | Listing removed | — | MoreMLS |
| Aug 31, 2023 | Listed | $1,099,000 | MoreMLS |
| Jul 20, 2021 | Sold | $740,000 | MoreMLS |
| May 21, 2014 | Sold | $646,200 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $468,400 | $432,000 | $900,400 | $13,506 |
| 2024 | $468,400 | $432,000 | $900,400 | $13,470 |
| 2023 | $465,300 | $370,000 | $835,300 | $12,972 |
| 2022 | $424,500 | $309,000 | $733,500 | $13,151 |
| 2021 | $364,900 | $260,000 | $624,900 | $12,504 |
| 2020 | $366,600 | $300,000 | $666,600 | $13,931 |
| 2019 | $235,900 | $420,000 | $655,900 | $13,787 |
| 2018 | $230,100 | $420,000 | $650,100 | $13,743 |
| 2017 | $231,200 | $420,000 | $651,200 | $13,421 |
| 2016 | $228,000 | $450,000 | $678,000 | $13,702 |
| 2015 | $230,600 | $375,000 | $605,600 | $13,486 |
| 2014 | $261,600 | $395,000 | $656,600 | $13,873 |
Property facts
Year built
2000
Property type
condos
Stories
1
Beds
3
Baths
2
Living area
1,744 sqft
Lot size
137,650 sqft
ZIP code
07740
City
Long Branch
Street
Melrose Ter
Coordinates
40.30056, -73.98055
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,616
Gross rental yield
4.24%
Implied cap rate
2.76%
Trend-extrapolated value
—
Frequently asked questions
When did 55 Melrose Ter last sell?
55 Melrose Ter most recently sold on Jul 20, 2021 for $740,000.
What is the current tax assessment for 55 Melrose Ter?
The most recent total assessment for 55 Melrose Ter (year 2025) is $900,400 with $13,506 in property tax.
How does 55 Melrose Ter's assessment compare to its last sale price?
The current assessment is 21.7% above the last sale price of $740,000.
When was 55 Melrose Ter built?
55 Melrose Ter was built in 2000.
How does 55 Melrose Ter compare to others on Melrose Ter?
We track 8 other properties on Melrose Ter. Browse the list under "Other properties on Melrose Ter" to compare beds, baths, and sale history.
What are the property facts for 55 Melrose Ter?
55 Melrose Ter is a 3 bed, 2 bath, 1,744 sqft, 137,650 sqft lot condos.
Is 55 Melrose Ter a flip candidate?
No — 55 Melrose Ter does not appear in our flips dataset.
Is 55 Melrose Ter a tax-appeal candidate?
Yes — 55 Melrose Ter 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
+1.0%
Implied 1-yr
+4.0%
2026 Q3
$1.22M
2026 Q4
$1.23M
ZIP 07740 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Melrose Ter