NOT LISTED FOR SALE

118 Locust Ave Red Bank, NJ 07701

Estimated Value: $671,892 - $744,000

2 Beds
2.5 Baths
1,413 Sq Ft
$506/Sq Ft Est. Value

Last Sold June 14, 2019

Last sale price $455,000 $322 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,707/month

Highlights

  • River View
  • Waterfront
  • Whirlpool Bathtub
  • Red Bank Reg High School Rated A
  • Wood Flooring
  • 1-minute walk to Bellhaven Nature Area

About This Home

As of January 2024

First time ever offered for rent, this well cared for 2 bedroom, 2.5 bath with a fully finished basement perfect for your home office or gym. Enjoy 24/7 year-round river and nature preserve views from this private end unit with balcony in Bellhaven Commons. Cook and entertain in the chef's kitchen with SS appliances and granite countertops overlooking the living room with a cozy gas fireplace. Primary master suite boasts water views, a full walk-in closet, a double vanity, large shower and jacuzzi tub. 2nd bedroom and full laundry room complete the 2nd level. Oversized garage with an EV charger too! Perfect location being less than mile to the NYC train station and so close to the town of Red Bank with its highly acclaimed restaurants, shopping, theater and more! This is a must see!

Last Agent to Rent the Property

Jackie Grieco

Compass New Jersey LLC Brokerage Phone: 732-213-6640 License #1005126 Listed on: 11/26/2023

Compass New Jersey LLC

Last Renter's Agent

Marianne Rullo

Keller Williams Realty East Monmouth License #1863436

Keller Williams Realty East Monmouth

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $10,979

Year Built

  • Built in 2005

Lot Details

  • Waterfront

Parking

  • 1 Car Attached Garage
  • Driveway

Interior Spaces

  • 1,413 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Window Treatments
  • River Views

Kitchen

  • Stove
  • Microwave

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Primary Bathroom Bathtub Only
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Water Purifier

Community Details

  • Bellhaven Cmns Subdivision

Listing and Financial Details

  • Property Available on 1/1/23
  • Assessor Parcel Number 39-00039-0000-00001-0000-C0118

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,979

Year Built

Built in 2005

Lot Details

0

Parking

1

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2023-01-01

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Attribution Contact: 732-213-6640
  • Inclusions: Water Purifier, Washer, Stove, Microwave, Refrigerator, Window Treatments, Dryer
  • Subdivision Name: Bellhaven Cmns
  • Architectural Style: Townhouse
  • Year Built: 2005
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Cooling Central Air: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Style Townhouse: Yes
  • Included Window Treatments: Yes
  • Foyer Floor - Wood: Yes
  • Basement Heated: Yes
  • Contract Info Available Date: 2023-01-01
  • Maintenance Fees Security Deposit3: 1.5
  • Lease Requirements Security Deposit4: Yes
  • Kitchen Floor - Wood4: Yes
  • Living Room Floor - Wood Floor2: Yes
  • Dining Room Floor - Wood Floor: Yes
  • Water Type Riverview: Yes
  • Special Features: None

Interior Features

  • Basement: Finished, Ceilings - High, Full, Heated
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 3
  • Stories: 3
  • Basement Finished: Yes
  • Full Basement: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Water Purifier: Yes
  • Primary Bath Double Sinks2: Yes
  • Primary Bath Shower Stall2: Yes
  • Primary Bath Tub2: Yes
  • Primary Bedroom Full Bath2: Yes
  • Primary Bath Floor - Ceramic10: Yes
  • Primary Bedroom Floor - WW Carpet8: Yes
  • Primary Bath Whirlpool2: Yes

Exterior Features

  • Waterfront Features: Riverview
  • Waterfront: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: See Remarks, Driveway
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Lot Info

  • Parcel #: 39-00039-0000-00001-0000-C0118

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2019
Closed on
Jun 12, 2019
Sold by
Berman Robert M
Bought by
Arnold James
Seller's Agent
Allison Gregory
Resources Real Estate
Buyer's Agent
Jacalyn Grieco
Heritage House Sotheby's International Realty
Sold Price
$455,000
Current Estimated Value
$714,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,473
Avg. Annual Appreciation
7.38%
Original Mortgage
$364,000
Outstanding Balance
$320,045
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$394,428
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Arnold James $445,000 Nrt Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arnold James $364,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2024 01/15/24 Rented $90,000 +2300.0% --
12/29/2023 12/29/23 Under Contract -- -- --
12/17/2023 12/17/23 Price Changed $3,750 -6.3% $3 / Sq Ft
11/26/2023 11/26/23 For Rent $4,000 0.0% --
06/14/2019 06/14/19 Sold $455,000 -- $322 / Sq Ft View Prior Sale
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,979 $588,400 $330,700 $257,700
2024 $10,923 $581,200 $330,700 $250,500
2023 $10,923 $571,600 $325,000 $246,600
2022 $10,683 $509,600 $267,800 $241,800
2021 $10,683 $477,700 $255,000 $222,700
2020 $10,465 $460,600 $255,000 $205,600
2019 $10,080 $455,900 $255,000 $200,900
2018 $9,857 $450,700 $255,000 $195,700
2017 $9,529 $451,600 $255,000 $196,600
2016 $10,402 $493,700 $300,000 $193,700
2015 $9,590 $471,700 $375,000 $96,700
2014 $9,024 $471,700 $375,000 $96,700
Source: Public Records

Agents Affiliated with this Home

  • Jackie Grieco

    Landlord's Agent in 2024

    Jackie Grieco

    Compass New Jersey LLC

    (732) 213-6640

    3 in this area

    88 Total Sales

    Jackie Grieco
    Section Image
  • Marianne Rullo

    Tenant's Agent in 2024

    Marianne Rullo

    Keller Williams Realty East Monmouth

    (732) 740-9820

    1 in this area

    65 Total Sales

    Marianne Rullo
    Section Image

  • A

    Seller's Agent in 2019

    Allison Gregory

    Resources Real Estate

  • J

    Buyer's Agent in 2019

    Jacalyn Grieco

    Heritage House Sotheby's International Realty

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22332465

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00039-0000-00001-0000-C0118

New Jersey Monmouth County Red Bank 07701

118 Locust Ave, Red Bank, NJ

This home is located at 118 Locust Ave, Red Bank, NJ 07701 since 26 November 2023 and is currently priced at $714,473. This property was built in 2005. 118 Locust Ave is a home located in Monmouth County with nearby schools including Red Bank Primary School, Red Bank Middle School, and Red Bank Reg High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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