18 Elm Place Red Bank, NJ 07701
3
Beds
2
Baths
1,906
Sq Ft
7,492
Sq Ft Lot
Highlights
- Wood Flooring
- 2 Car Detached Garage
- Zoned Heating and Cooling System
- Red Bank Reg High School Rated A
- Patio
- Fenced
About This Home
As of January 2023Rare opportunity to find such a fabulous 2 family home on a desirable street in Red Bank. Live in one unit and rent out the other for great income or simply rent out both units. Interior of home was recently renovated and now offers a newer Kitchen and Full Bath on each floor. Lower level features hardwood floors, custom moldings, flexible floor plan and access to finished basement for additional space. Upper unit featuring spacious and bright living areas, central air and private entrance. Back yard is fully fenced with a charming brick patio and a two car garage. Close to downtown and transportation. Don't miss out.
Last Agent to Sell the Property
Kim Spector
Coldwell Banker Realty Listed on: 05/09/2017
Last Buyer's Agent
Mario Venancio
Gloria Nilson & Co. Real Estate
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,252
Year Built
- Built in 1915
Lot Details
- Lot Dimensions are 50 x 150
- Fenced
- Level Lot
Parking
- 2 Car Detached Garage
Home Design
- Duplex
Interior Spaces
- 1,906 Sq Ft Home
- 2-Story Property
- Partially Finished Basement
- Partial Basement
Kitchen
- Stove
- Dishwasher
Flooring
- Wood
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Patio
- Exterior Lighting
Schools
- Red Bank Reg High School
Utilities
- Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Furnace
- Natural Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 39-00057-0000-00007
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 1, 2022
Closed on
Jan 3, 2023
Sold by
Steele Jacob and Steele Kimberly
Bought by
Kelly Thomas and Kelly Richard
Seller's Agent
Mario Venancio
Berkshire Hathaway HomeServices Fox & Roach - Rumson
Buyer's Agent
Colleen Flynn
Coldwell Banker Realty
List Price
$699,999
Sold Price
$720,000
Premium/Discount to List
$20,001
2.86%
Total Days on Market
20
Views
59
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,161
Avg. Annual Appreciation
9.98%
Original Mortgage
$520,000
Outstanding Balance
$506,571
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$401,590
Purchase Details
Listed on
May 9, 2017
Closed on
Jun 27, 2017
Sold by
Altomare Steven and Altomare Alice
Bought by
Steele Jacob and Steele Kimberly
Seller's Agent
Kim Spector
Coldwell Banker Realty
Buyer's Agent
Mario Venancio
Gloria Nilson & Co. Real Estate
Sold Price
$526,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.85%
Original Mortgage
$106,000
Interest Rate
3.94%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 26, 2013
Sold by
Nardoni Ellen
Bought by
Altomare Steven and Altomare Alice
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
4.24%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 8, 2011
Sold by
Logan Ina
Bought by
Nardoni Ellen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
4.01%
Mortgage Type
Commercial
Similar Homes in Red Bank, NJ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $720,000 | Scott Title Services | |
| Deed | $526,000 | None Available | |
| Deed | $452,500 | Agent For Old Republic Nato | |
| Deed | $320,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $520,000 | New Conventional | |
| Previous Owner | $106,000 | Commercial | |
| Previous Owner | $187,000 | Commercial | |
| Previous Owner | $30,000 | Credit Line Revolving | |
| Previous Owner | $256,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/05/2023 01/05/23 | Sold | $720,000 | +2.9% | $397 / Sq Ft |
| 11/17/2022 11/17/22 | Pending | -- | -- | -- |
| 11/01/2022 11/01/22 | For Sale | $699,999 | +33.1% | $386 / Sq Ft |
| 06/30/2017 06/30/17 | Sold | $526,000 | -- | $276 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History Compared to Growth
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 | $13,371 | $750,100 | $346,900 | $403,200 |
| 2023 | $13,371 | $699,700 | $314,600 | $385,100 |
| 2022 | $12,843 | $666,700 | $298,100 | $368,600 |
| 2021 | $12,843 | $574,100 | $238,500 | $335,600 |
| 2020 | $12,378 | $544,800 | $238,500 | $306,300 |
| 2019 | $11,842 | $535,600 | $238,500 | $297,100 |
| 2018 | $10,397 | $475,400 | $238,500 | $236,900 |
| 2017 | $9,377 | $444,400 | $238,500 | $205,900 |
| 2016 | $9,252 | $439,100 | $238,500 | $200,600 |
| 2015 | $8,640 | $425,000 | $278,500 | $146,500 |
| 2014 | $8,130 | $425,000 | $278,500 | $146,500 |
Source: Public Records
Agents Affiliated with this Home
-
Mario Venancio
Seller's Agent in 2023
Mario Venancio
BHHS Fox & Roach
(732) 995-6244
15 in this area
430 Total Sales
-
Colleen Flynn
Buyer's Agent in 2023
Colleen Flynn
Coldwell Banker Realty
(908) 601-2650
3 in this area
23 Total Sales
-
K
Seller's Agent in 2017
Kim Spector
Coldwell Banker Realty
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 21718033
APN: 39-00057-0000-00007
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