NOT LISTED FOR SALE

118 River St Red Bank, NJ 07701

Estimated Value: $599,850 - $648,000

3 Beds
2 Baths
1,492 Sq Ft
$421/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $485,000 $325 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,921/month

11 Days on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • 4-minute walk to Johnny Jazz Park
  • Red Bank Reg High School Rated A
  • Level Lot

About This Home

As of March 2023

Great Investment Property! 2 family in Red Bank Hardwood floors throughout large backyard.1st floorApt. Kitchen -Living rm. Combo with 2 Large Bedrooms.

Last Agent to Sell the Property

Leonora Bossie

Arbor Sales And Marketing LLC License #8436913 Listed on: 01/20/2023

Last Buyer's Agent

Pedro Castro

More Homes Realty LLC License #9805891

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,933

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 37 x 150
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Stove

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Red Bank Prm Elementary School
  • Red Bank Middle School
  • Red Bank Reg High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for hot water, yard maintenance, water, snow removal, sewer, heat, gas, electricity
  • Assessor Parcel Number 39-00073-0000-00027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,933

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 37 x 150
  • Location Middle School: Red Bank
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 2 Furnace2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.13
  • Waterfront: No
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Red Bank

Lot Info

  • Lot Dimensions: 37 x 150
  • Lot Size Sq Ft: 5662.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 39-00073-0000-00027
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Yard Maintenance, Water, Snow Removal, Sewer, Heat, Gas, Electricity

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5933.0
  • Tax Other Annual Assessment Amount: 295600.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Red Bank Prm
  • High School: Red Bank Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2023
Closed on
Mar 14, 2023
Sold by
Tri-State Realty Llc
Bought by
Rivera Victor Plazas and Conde Erika Remigio
Seller's Agent
Leonora Bossie
Arbor Sales And Marketing LLC
Buyer's Agent
Pedro Castro
More Homes Realty LLC
List Price
$468,900
Sold Price
$485,000
Premium/Discount to List
$16,100
3.43%
Views
212
Current Estimated Value
$627,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,713
Avg. Annual Appreciation
10.60%
Original Mortgage
$388,000
Outstanding Balance
$377,962
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$240,260

Purchase Details

Closed on
Jul 29, 2014
Sold by
Arbor Real Estate Holdings Llc
Bought by
Tri State Realty Llc

Purchase Details

Closed on
Mar 13, 2006
Sold by
Bossie Leonora
Bought by
Arbor Real Estate Holdings

Purchase Details

Closed on
Nov 4, 2005
Sold by
Matrixx Llc
Bought by
Bossie Leonora Salerno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,000
Interest Rate
6.34%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 14, 2002
Sold by
Jones Catherine
Bought by
Matrixx Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rivera Victor Plazas $485,000 First American Title
Tri State Realty Llc -- None Available
Arbor Real Estate Holdings -- --
Bossie Leonora Salerno $370,000 --
Matrixx Llc $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivera Victor Plazas $388,000
Previous Owner Bossie Leonora Salerno $37,000
Previous Owner Bossie Leonora Salerno $288,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2023 03/17/23 Sold $485,000 +3.4% $325 / Sq Ft
03/16/2023 03/16/23 For Sale $468,900 0.0% $314 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
01/20/2023 01/20/23 For Sale $468,900 0.0% $314 / Sq Ft
11/09/2021 11/09/21 Rented $2,000 0.0% --
10/08/2021 10/08/21 For Rent $2,000 -- --
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
2024 $6,001 $483,200 $200,000 $283,200
2023 $6,001 $314,000 $128,300 $185,700
2022 $5,818 $295,600 $117,900 $177,700
2021 $5,818 $260,100 $98,300 $161,800
2020 $5,587 $245,900 $98,300 $147,600
2019 $5,229 $236,500 $93,300 $143,200
2018 $5,056 $231,200 $93,300 $137,900
2017 $4,648 $220,300 $83,300 $137,000
2016 $4,568 $216,800 $83,300 $133,500
2015 $4,845 $238,300 $126,600 $111,700
2014 $5,643 $295,000 $183,300 $111,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22301801

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00073-0000-00027