NOT LISTED FOR SALE

2 Preakness Way Colts Neck, NJ 07722

Estimated Value: $1,825,437

5 Beds
6.5 Baths
6,000 Sq Ft
$304/Sq Ft Est. Value

Last Sold February 27, 2024

Last sale price $3,100,000 $517 Per Sq Ft

Est. 41% decrease in value since last sale

Current estimated payment $10,557/month

61 Days on Market

Highlights

  • New Construction
  • Custom Home
  • Wood Flooring
  • Conover Road School Rated A
  • Deck
  • Attic

About This Home

As of February 2024

Completion date February 1st! Spectacular custom home masterfully appointment by John Kling Custom Homes. 11 foot ceilings on the first floor! Brilliantly crafted with all high end amenities. Real stone and Hardi Plank exterior. Grand Manor roof. Gourmet eat in kitchen has porcelain backsplash, Thermidor appliances, quartz countertops, gorgeous white cabinetry. Master bedroom has master bath, two huge walk in closets. Additional upgrades include outdoor covered kitchenette with floor to ceiling stone wood burning fireplace, blue stone floor, sink, built in grill, refrigerator, recessed lights, cedar ceiling with fans! 2,000 sq ft finished basement with custom bar, wine cellar, gym room, and full bath. Gorgeous landscaping with sod. The driveway has Belgium block w/ a Belgium block apron.

Last Agent to Sell the Property

Jason Orrico

Orrico Realty License #0571414 Listed on: 11/29/2023

Last Buyer's Agent

Jason Orrico

Orrico Realty License #0571414 Listed on: 11/29/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,804

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 2.15 Acre Lot
  • Cul-De-Sac

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Double-Wide Driveway

Home Design

  • Custom Home
  • Shingle Roof
  • Clap Board Siding
  • Stone Siding
  • Clapboard

Interior Spaces

  • 6,000 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Crown Molding
  • Tray Ceiling
  • Ceiling height of 9 feet on the main level
  • Recessed Lighting
  • 2 Fireplaces
  • Gas Fireplace
  • Insulated Windows
  • Double Door Entry
  • Sliding Doors
  • Mud Room
  • Family Room
  • Dining Room
  • Home Office
  • Home Security System
  • Attic

Kitchen

  • Breakfast Room
  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom Bathtub Only
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Eco-Friendly Details

  • Energy-Efficient Appliances

Outdoor Features

  • Deck
  • Outdoor Gas Grill

Schools

  • Conover Road Elementary School
  • Cedar Drive Middle School
  • Colts Neck High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Well
  • Natural Gas Water Heater
  • Water Softener
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 10-00007-02-00035-04

Community Details

Overview

  • Association fees include common area
  • Clover Hill Subdivision, Custom Floorplan

Amenities

  • Common Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,804

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$17 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Model: Custom
  • ResoLotFeatures: Cul-De-Sac
  • Reso Association Fee Includes: Common Area
  • Inclusions: Washer, Water Softener, Timer Thermostat, Dishwasher, Dryer, Microwave, Security System, Refrigerator, Gas Grill
  • Subdivision Name: Clover Hill
  • Architectural Style: Custom
  • Reso Flooring: Tile, Wood
  • Reso Interior Features: Attic, Ceilings - 9Ft+ 1st Flr, Ceilings - 9Ft+ 2nd Flr, Dec Molding, Security System, Sliding Door, Wet Bar, Recessed Lighting
  • New Construction: Yes
  • ResoWindowFeatures: Insulated Windows
  • Year Built: 2023
  • Contract Info New Construction: Yes
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • Interior Sliding Door: Yes
  • Kitchen Center Island: Yes
  • Kitchen Quartz: Yes
  • Fee Includes Common Area2: Yes
  • Garage Direct Entry: Yes
  • General Property Info Acreage: 2.15
  • General Property Info Farm: No
  • Location Middle School: Cedar Drive
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • WaterSewer Well: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Laundry: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Parking Asphalt: Yes
  • Parking Double Wide Drive: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 2.0
  • Interior Attic: Yes
  • Interior Ceilings - 9Ft 2nd Flr: Yes
  • Interior Dec Molding: Yes
  • Interior Recessed Lighting: Yes
  • Foyer Two Story: Yes
  • Included Timer Thermostat: Yes
  • Foyer Floor - Wood: Yes
  • Dining Room Dec Molding4: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • ExteriorDeck: Yes
  • Kitchen BnookDining Area: Yes
  • Kitchen Eat-In: Yes
  • Kitchen Dec Molding5: Yes
  • Basement Heated: Yes
  • Lot Description Cul-De-Sac: Yes
  • Garage Oversized: Yes
  • Kitchen Floor - Wood4: Yes
  • Included Security System2: Yes
  • Included Gas Grill: Yes
  • Exterior BBQ: Yes
  • GreatFamily Room Fireplace - Gas4: Yes
  • Rooms Breakfast: Yes
  • Floors Tile: Yes
  • Exterior Security System3: Yes
  • Siding Clapboard: Yes
  • GreatFamily Room Dec Molding6: Yes
  • Rooms Mud: Yes
  • Mud Level First11: Yes
  • Foyer Double Door Entry: Yes
  • Foyer Dec Molding2: Yes
  • Cooling 3 Zoned AC: Yes
  • Heating 3 Zoned Heat: Yes
  • Energy Features:Energy Appliances: Yes
  • Energy Features Program Thermostat: Yes
  • Special Features: NewHome

Interior Features

  • Basement: Ceilings - High, Finished, Full, Heated, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplaces: 2
  • Total Bedrooms: 20
  • Stories: 2
  • Basement Finished: Yes
  • Full Basement: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Family Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Basement:Walk-Out Access: Yes
  • Other Rooms:Foyer: Yes
  • Kitchen Pantry: Yes
  • Features Interior:Security System: Yes
  • Other Rooms:Basement3: Yes
  • Features Interior:Wet Bar: Yes
  • Other Rooms:Study: Yes
  • Primary Bedroom Level:Second43: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bedroom:TRYVLTCATH3: Yes
  • Primary Bath:Tub: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bath Double Sinks: Yes

Exterior Features

  • Roof: Other - See Remarks, Shingle
  • Acres: 2.15
  • Topography: Level
  • Waterfront: No
  • Construction Type: Clapboard
  • Exterior Features: BBQ, Deck, Security System
  • ConstructionSiding:Stone: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Asphalt, Double Wide Drive, Driveway, Direct Access, Oversized
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air, 3+ Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Natural Gas: Yes
  • Water/Sewer/Septic: Yes
  • Heating:Forced Air: Yes
  • Included Water Softener: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 200.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Middle Or Junior School: Cedar Drive

Lot Info

  • Lot Size Sq Ft: 93654.0
  • Parcel #: 10-00007-02-00035-04
  • Zoning Description: Residential, Single Family

Green Features

  • Energy Features Insulated Windows: Yes

MLS Schools

  • Elementary School: Conover Road
  • High School: Colts Neck

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2023
Closed on
Feb 26, 2024
Sold by
Clover Hill Est/Colts Neck Llc
Bought by
Simon David and Simon Andrea
Seller's Agent
Jason Orrico
Orrico Realty
Buyer's Agent
Jason Orrico
Orrico Realty
List Price
$3,200,000
Sold Price
$3,100,000
Premium/Discount to List
-$100,000
-3.12%
Views
274
Current Estimated Value
$1,825,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,274,563
Original Mortgage
$1,600,000
Outstanding Balance
$1,573,237
Interest Rate
6.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Simon David $3,100,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simon David $1,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2024 02/27/24 Sold $3,100,000 -3.1% $517 / Sq Ft
01/29/2024 01/29/24 Pending -- -- --
11/29/2023 11/29/23 For Sale $3,200,000 -- $533 / 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 $10,804 $3,169,800 $725,100 $2,444,700
2024 $7,072 $725,100 $725,100 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Orrico

    Seller's Agent in 2024

    Jason Orrico

    Orrico Realty

    (908) 670-0539

    16 in this area

    39 Total Sales

    Jason Orrico
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22332741

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 10-00007-02-00035-04

New Jersey Monmouth County Colts Neck 07722

2 Preakness Way, Colts Neck, NJ

This home is located at 2 Preakness Way, Colts Neck, NJ 07722 since 29 November 2023 and is currently priced at $1,825,437, approximately $304 per square foot. This property was built in 2023. 2 Preakness Way is a home located in Monmouth County with nearby schools including Conover Road Primary School, Conover Road School, and Cedar Drive Middle 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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