NOT LISTED FOR SALE

19 Rector Place Red Bank, NJ 07701

Estimated Value: $1,314,000 - $1,609,000

7 Beds
6 Baths
3,322 Sq Ft
$442/Sq Ft Est. Value

Last Sold August 03, 2017

Last sale price $825,000 $248 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $9,488/month

62 Days on Market

Highlights

  • River Front
  • 0.27 Acre Lot
  • Patio
  • Red Bank Reg High School Rated A
  • 3 Fireplaces
  • Forced Air Heating and Cooling System

About This Home

As of August 2017

Fantastic opportunity to own a FOUR Family income producing property on the WATERFRONT in Red Bank, consisting of: 1 spacious 2 BR with fireplace, sun room with french doors, gorgeous HW floors, W/D, high ceilings and patio. TWO Loft-Style 2 BR's each with a full and half bath, spiral staircase, fireplace and scenic views! Plus a sizeable 1 BR on the lower level. ALL units have separate gas and electric meters, central HVAC, and updated electric. Ample parking for tenants in back of building. Entire building was renovated in the 1980's - original owner since renovation says it's time to sell. Call to schedule an appointment today!

Last Agent to Sell the Property

Joseph Mizzi

E Street Realty Listed on: 03/03/2017

Last Buyer's Agent

Kerry Tice

D'Amico & McConnell Realtors License #1537494

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,436

Year Built

  • Built in 1901

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 50 x 238
  • River Front
  • Sloped Lot

Parking

  • 1 Car Garage
  • Open Parking
  • Off-Street Parking

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,322 Sq Ft Home
  • 3-Story Property
  • 3 Fireplaces
  • Water Views

Outdoor Features

  • Patio

Schools

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

Utilities

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

Community Details

  • 4 Units

Listing and Financial Details

  • Exclusions: Three light fixtures in large unit.
  • Tenant pays for gas, electricity
  • The owner pays for yard maintenance, water, snow removal, sewer
  • Assessor Parcel Number 39-00001-0000-00011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,436

Year Built

Built in 1901

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • ResoLotFeatures: See Remarks, Other, Sloped
  • Subdivision Name: None
  • Reso Flooring: See Remarks, Other
  • Year Built: 1901
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 50 x 238
  • Location Middle School: Red Bank
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info # Fireplaces: 3.0
  • Water Type Riverfront: Yes
  • General Property Info # Parking Spaces: 6.0
  • Lot Description Sloped: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: No
  • Fireplaces: 3
  • Stories: 3
  • BasementOther: Yes

Exterior Features

  • Roof: Shingle, Flat
  • Acres: 0.27
  • Waterfront Features: Riverfront
  • Waterfront: Yes
  • Exclusions: Three light fixtures in large unit.
  • Exterior Features: Patio
  • Construction:Siding - Vinyl: Yes
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Open, Off Street
  • Total Parking Spaces: 6.0
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Open: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • 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: 50 x 238
  • Lot Size Sq Ft: 11761.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 39-00001-0000-00011
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 13436.0
  • Tax Other Annual Assessment Amount: 637700.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2017
Closed on
Jul 31, 2017
Sold by
Ryan Mary Grace and Ryan Gerard R
Bought by
Thomas Anil and Yee Waikuen
Seller's Agent
Joseph Mizzi
E Street Realty
Buyer's Agent
Kerry Tice
D'Amico & McConnell Realtors
Sold Price
$825,000
Current Estimated Value
$1,467,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$642,768
Avg. Annual Appreciation
7.29%
Original Mortgage
$618,750
Outstanding Balance
$516,299
Interest Rate
3.96%
Mortgage Type
Commercial
Estimated Equity
$951,469
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
Thomas Anil $825,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Anil $618,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2017 08/03/17 Sold $825,000 -- $248 / 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
2025 $20,469 $1,090,500 $485,200 $605,300
2024 $20,371 $1,083,600 $449,400 $634,200
2023 $20,371 $1,066,000 $449,400 $616,600
2022 $20,252 $1,013,400 $423,200 $590,200
2021 $20,252 $905,300 $368,000 $537,300
2020 $19,503 $858,400 $368,000 $490,400
2019 $17,670 $799,200 $368,000 $431,200
2018 $16,943 $774,700 $368,000 $406,700
2017 $13,607 $644,900 $368,000 $276,900
2016 $13,436 $637,700 $368,000 $269,700
2015 $15,237 $749,500 $511,000 $238,500
2014 $14,338 $749,500 $511,000 $238,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21708257

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00001-0000-00011