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497 Marvin Drive, Long Branch, NJ, 07740

14beds
6baths
3,750sqft
$2,500,000
$667price/sqft
$17,197/moest. monthly cost
$687,880/yrincome needed

About This Home

Legal five family house in residential neighborhood. In proximity to Monmouth Universiity and Houses of Worship. Close to shopping district in West End. Unit #4 was recentlt updated. New concrete patio near parking area. Lot is 140X125 in highly desirable area. Plenty of potential for this oversided property.

Getting Around

37
WalkingCar-Dependent
19
TransitMinimal Transit
39
BikeSomewhat Bikeable

Schools

4/10
4/10
4/10
Long Branch High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1920

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 14
  • Bathrooms: 6
  • Full bathrooms: 6

Cooling

  • Cooling features: Other

Features

  • Flooring: Laminate,Ceramic Tile

Interior Area

  • Total structure area: 3,750
  • Total interior livable area: 3,750 sqft

Property

Details

  • Parcel number: 2700102000000011

Features

  • Stories: 1

Lot

  • Lot size: 0.40 Acres
  • Lot size dimensions: 140 x 125

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
    Strong WindVery High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Heat Wave
Lightning
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

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

MonthlyAnnual
Mortgage $12,641$151,692
Home Insurance *$956$11,472
Property Taxes $3,187$38,244
Electricity $413$4,960
Total$17,197$206,364
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$589,611/yr
40% on housing$515,910/yr
45% on housing$458,586/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

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.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$667This listing

vs Other Active Listings

Avg $/sqft

ZIP 07740$781
Monmouth County$425

vs Homes Sold Last Month

Median $/sqft

ZIP 07740$460
Monmouth County$384

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

DateEventPrice
2026-07-03Listed for sale$2,500,000
2026-01-01Listing removed$2,500,000
2025-06-19Listed for sale$2,500,000
2019-04-29Listing removed$1,950
2019-03-16Listed for rent$1,950

For Sale by Agent

AgentRonen Neuman
BrokerageSonya Grill Real Estate

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