55 Melrose Terrace #407, Long Branch, NJ, 07740
About This Home
Experience coastal living at its finest in this beautifully situated one-bedroom, one-bath condominium in the highly sought-after Pier Village. Located just steps from the boardwalk, beach, restaurants, and shops, this unit offers both convenience and a relaxed coastal setting. The condo features a private balcony with ocean views, along with access to building amenities including secure entry, a pool, and a fitness center. Commuters will appreciate the location, with options to reach NYC via ferry and close proximity to the Long Branch Train Station. It's also near Monmouth University.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 2000
Materials
- Roof: Flat
- Construction materials: Brick
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating & Cooling
- Heating features: Electric,2 Zoned Heat
- Cooling features: 2 Zoned AC
Interior Area
- Total structure area: 976
- Total interior livable area: 976 sqft
Property
Details
- Parcel number: 2700225030000205C0407
- Zoning description: Condo
Features
- Levels: Upper Level
- Stories: 1
- Entry location: Upper Level
- Pool features: Community,In Ground
- Exterior features: Balcony,Controlled Access,Swimming
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
- Waterfront features: Oceanside/Beach Blk,Oceanside
Lot
- Lot size: 1.87 Acres
Parking
- Total spaces: 1
- Parking features: Assigned,Off Street,Underground
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Lightning
- Winter Weather
- Cold Wave
- Earthquake
- Hurricane
- Heat Wave
- Inland Flooding
- Ice Storm
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,028 | $36,336 |
| Home Insurance * | $229 | $2,748 |
| Property Taxes | $738 | $8,856 |
| Electricity | $193 | $2,318 |
| Total | $4,188 | $50,256 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Listed for sale | $649,000 |
| 2021-10-19 | Sold | $450,000 |
| 2021-09-07 | Pending sale | $450,000 |
| 2021-08-17 | Listed for sale | $450,000 |
| 2015-08-03 | Sold | $355,000 |
| 2015-05-07 | Price change | $363,500 |
| 2015-03-07 | Price change | $369,900 |
| 2015-02-10 | Listed for sale | $378,500 |
| 2015-01-18 | Listing removed | $1,900 |
| 2014-11-16 | Listed for rent | $1,900 |
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