$720,000
SOLD JAN 5, 2023

18 Elm Place Red Bank, NJ 07701

3 Beds
2 Baths
1,812 Sq Ft
7,492 Sq Ft Lot

Recently Sold

$397 Per Sq Ft

3% Above List Price

16 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Forced Air Zoned Heating and Cooling System
  • Red Bank Reg High School Rated A
  • Patio
  • Baseboard Heating

About This Home

As of January 2023

FABULOUS OPPORTUNITY on one of the most desirable streets in 'RED HOT' RED BANK! Purchase as an investment. Beautifully updated and meticulously cared for two family home w/ private entrances. Sun drenched living space w/ high ceilings, oversized windows throughout. Gorgeous large eat in kitchens w/ SS appliances & incredible cabinet space. Wonderful open floor plan, spacious bedrooms w/ great closet space. Remodeled full baths and washer/dryer on each level. Finished basement for office, playroom, gym, etc. Large yard, rear brick patio, two car garage w/ second level for storage & private long driveway. Convenient location steps to downtown Red Bank & close proximity to Red Bank train station, Parkway, Rt. 520, Bus (NYC).

Last Agent to Sell the Property

Mario Venancio

Berkshire Hathaway HomeServices Fox & Roach - Rumson License #9134686 Listed on: 11/01/2022

Berkshire Hathaway HomeServices Fox & Roach - Rumson

Last Buyer's Agent

Colleen Flynn

Coldwell Banker Realty License #1433711

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,843

Lot Details

  • Lot Dimensions are 50 x 150
  • Fenced
  • Level Lot

Parking

  • 2 Car Detached Garage
  • On-Street Parking

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Finished 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 Prm Elementary School
  • Red Bank Middle School
  • Red Bank Reg High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Radiant Heating System
  • Furnace
  • Baseboard Heating
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 39-00057-0000-00007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,843

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Reso Flooring: Wood, Laminate, Ceramic Tile
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • Location Middle School: Red Bank
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Washer Hookup3: Yes
  • Floors Laminate2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 2 Washer Hookup2: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Finished, Partially Finished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2
  • Basement Finished: Yes
  • Basement:Partially Finished: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: None
  • Exterior Features: Fence, Patio, Lighting

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Paved, Other, On Street, Detached
  • General Property Info:Garage: Yes
  • Parking:On Street: Yes
  • Parking Features:Garage Detached: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Radiant, Baseboard, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Baseboard: Yes
  • Heating:Radiant: Yes

Schools

  • Middle Or Junior School: Red Bank

Lot Info

  • Lot Dimensions: 50 x 150
  • Parcel #: 39-00057-0000-00007

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 12843.0

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
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%
Views
59
Current Estimated Value
$909,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,040
Avg. Annual Appreciation
9.42%
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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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

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 $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

    16 in this area

    420 Total Sales

    Section Image
  • Colleen Flynn

    Buyer's Agent in 2023

    Colleen Flynn

    Coldwell Banker Realty

    (908) 601-2650

    3 in this area

    23 Total Sales

    Section Image

  • K

    Seller's Agent in 2017

    Kim Spector

    Coldwell Banker Realty

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22233953

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00057-0000-00007

New Jersey Monmouth County Red Bank 07701

18 Elm Place, Red Bank, NJ

This home is located at 18 Elm Place, Red Bank, NJ 07701 and is currently priced at $720,000, approximately $397 per square foot. 18 Elm Place 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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