NOT LISTED FOR SALE

195 Mechanic St Unit 197 Red Bank, NJ 07701

Estimated Value: $850,667 - $994,000

4 Beds
3.5 Baths
3,441 Sq Ft
$267/Sq Ft Est. Value

Last Sold October 28, 2020

Last sale price $650,000 $189 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,064/month

1 Day on Market

Highlights

  • Deck
  • Wood Flooring
  • Awning
  • Red Bank Reg High School Rated A
  • Tankless Water Heater
  • Multiple cooling system units

About This Home

As of October 2020

Don't miss this opportunity to own a beautiful side by side duplex on the nicest street in Red Bank. This home is a charmer with its large front porch to relax on! The many updates makes this home practically worry free. Both sides have a newer roof, furnace, boiler, and tankless water heaters. Currently the homeowner lives on one side and rents the other side. Both sides have two bedrooms a den and a full bath on the second level The owners side has a large finished walk up attic with a full bathroom. It is currently being used as a bedroom. There are many upgrades throughout the property.

Last Agent to Sell the Property

Catherine Weise

Coldwell Banker Realty License #0563641 Listed on: 08/18/2020

Coldwell Banker Realty

Co-Listed By

Brian Higgins

Coldwell Banker Realty License #0452984

Last Buyer's Agent

Allison Gregory

Resources Real Estate License #0789384

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,962

Year Built

  • Built in 1901

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Fenced

Home Design

  • Duplex
  • Flat Roof Shape
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,441 Sq Ft Home
  • 2-Story Property
  • Awning
  • Basement Fills Entire Space Under The House
  • Walkup Attic
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • No Garage
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Deck

Schools

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

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Tankless Water Heater
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: AC window units in tenant side belong to tenant.
  • Tenant pays for water, heat, gas, electricity
  • The owner pays for yard maintenance, snow removal, garbage removal
  • Assessor Parcel Number 39-00018-0000-00008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,962

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Co List Office Mls Id: 3881
  • Co List Office Phone: 732-449-4646
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Wood, Ceramic Tile
  • Reso Interior Features: Attic - Walk Up
  • New Construction: No
  • Year Built: 1901
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • 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
  • Garage None4: Yes
  • ExteriorDeck: Yes
  • Cooling Multi Units: Yes
  • Interior Attic - Walk Up: Yes
  • General Property Info # Parking Spaces: 2.0
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Meter2: 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 2 Water Meter2: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dishwasher3: Yes
  • Exterior Awnings2: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Stories: 2
  • Full Basement: Yes
  • Appliances:Water Heater - Tankless: Yes

Exterior Features

  • Roof: Shingle, Flat
  • Acres: 0.17
  • Waterfront: No
  • Exclusions: AC window units in tenant side belong to tenant.
  • Exterior Features: Deck, Fence, Awnings
  • Construction:Siding - Vinyl: Yes
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, On Street, None
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Multi Units
  • Cooling Y N: Yes
  • Heating: Forced Air, HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 39-00018-0000-00008
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 10962.0
  • Tax Other Annual Assessment Amount: 503700.0

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
Aug 18, 2020
Closed on
Oct 27, 2020
Sold by
Leahey Sara Carroll and Leahey Sarah Carroll
Bought by
Peterson Craig and Almerini Anastasia
Seller's Agent
Catherine Weise
Coldwell Banker Realty
Buyer's Agent
Allison Gregory
Resources Real Estate
List Price
$625,000
Sold Price
$650,000
Premium/Discount to List
$25,000
4%
Current Estimated Value
$918,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,417
Avg. Annual Appreciation
7.20%
Original Mortgage
$552,500
Outstanding Balance
$491,647
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$426,771

Purchase Details

Closed on
Apr 22, 1996
Sold by
Irwin Robert
Bought by
Carroll Sarah and Carroll Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
7.81%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Peterson Craig $650,000 Foundation Title
Peterson Craig $650,000 Foundation Title
Carroll Sarah $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Craig $552,500
Closed Peterson Craig $552,500
Previous Owner Carroll Sarah $139,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2020 10/28/20 Sold $650,000 +4.0% $189 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $625,000 0.0% $182 / Sq Ft
09/01/2012 09/01/12 Rented $19,800 -- --
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 $14,339 $845,500 $406,900 $438,600
2024 $14,004 $759,100 $346,900 $412,200
2023 $14,004 $732,800 $314,600 $418,200
2022 $11,836 $698,500 $298,100 $400,400
2021 $11,836 $529,100 $238,500 $290,600
2020 $11,444 $503,700 $238,500 $265,200
2019 $10,962 $495,800 $238,500 $257,300
2018 $10,633 $486,200 $238,500 $247,700
2017 $10,227 $484,700 $238,500 $246,200
2016 $10,078 $478,300 $238,500 $239,800
2015 $10,643 $523,500 $278,500 $245,000
2014 $10,015 $523,500 $278,500 $245,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22028924

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00018-0000-00008