55 Melrose Terrace

55 Melrose Terrace is a condo located in Long Branch City, Long Branch. The building was first built in 2000 and is 24 years old.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Separately, the building has a pool! Which is great those who want low-impact workout or those with children! If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! On weekends, residents can enjoy the building's patio. There are 19 closings on record, of which we have matching data for 8 listings. In the past 3 years, a listing in this building will typically remain on the market for about 122 days and tend to sell below the original asking price of $544,000 by 4.50%. Meaning, listings tend to sell at a median of $442 price per square foot. The transaction that took the longest to complete was unit 307, listed on Nov 19, 2020 for $424,900. This particular unit ultimately sold 208 days later for $415,000. The most recent transaction was for unit 212, which was first advertised on Sep 06, 2023, sold for $525,000 on Nov 03, 2023. Fun fact, the oldest transaction we have on record took place on Oct 23, 2013. See the full transaction history for 55 Melrose Terrace below.

Long Branch City, where 55 Melrose Terrace is located, has a median asking price of $836,750 for condo buildings. Meanwhile, the building itself has a median asking price of $544,000. For interested buyers, that means the building's median asking price is around 0.35% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 3 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $979,000. It is a 3 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $725,000. It is a 1,260 sqft 2 bedroom and 2 bathroom unit. A breakdown of active listings shows no studio, no one-bedroom, 2 two-bedroom, 1 three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $759,000. Collectively, the median square footage of these active units for sale is 1,260 sqft. Active units for sale at 55 Melrose Terrace are mostly 2-bedroom apartments Active units for sale at 55 Melrose Terrace have a median count of 2 bedrooms and have a median count of 2 bathrooms.