NOT LISTED FOR SALE

20 Downing Hill Ln Colts Neck, NJ 07722

Estimated Value: $2,254,000 - $2,705,098

6 Beds
5.5 Baths
4,432 Sq Ft
$553/Sq Ft Est. Value

Last Sold January 25, 2023

Last sale price $2,200,000 $496 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $15,723/month

135 Days on Market

Highlights

  • Basketball Court
  • Sauna
  • 5.3 Acre Lot
  • Conover Road School Rated A
  • Custom Home
  • New Kitchen

About This Home

As of January 2023

Dream Team Comes Together Like a Symphony to Create a Custom Estate That is a Work of Art: Introducing ''Griffon Estate.'' This sleek, stylish gem is nestled in the exclusive enclave of Colts Neck, New Jersey. An exciting and inspired residence, this home incorporates the latest in quality transitional design showcasing outstanding views and maximizing indoor/outdoor entertainment. The depth of the design for this magnificent Estate expresses inspiration from social, artistic, and cultural aesthetics. The home's modern, sophisticated expression invites you into perfect harmony with its equestrian surroundings. Every vista from the windows, every breath inside this home, was considered with discerning intention, measuring up to the exacting standards of high-net worth individuals who appreciate attention to detail, comforts of ease, and effortlessness living. This home will speak so beautifully to you that you, your family, and your guests will never want for a moment of joyful living. Indeed, the Estate's 7,700+ square feet spread over its three levels, plus the more than 2,000 square feet of outdoor patio space on this 5+ acre, gently manicured, country land makes a subtle but unmistakable statement about the occupants. The outdoor kitchen with BBQ, fireplace, and fire pit offers more than enough space with the adjacent patio to entertain a group of friends or host a family or business event. Understated simplicity, built with the finest materials and finishes, rich in detail, you will experience perfection at every turn. The Griffon Estate had its renaissance in 2019, when the home was completely remodeled. Its 3 levels deliver 6 Bedrooms Suites and 6 Bathrooms, with 2 of the Suites delivering total privacy via their side-entrance access, making them the perfect spaces for guests, an au pair, or multi-generational living options. The 4 fireplaces deliver ambiance and seasonal warmth and comfort throughout the home. Of course, the home also delivers oversized storage and 4 laundry areas with conveniently located mechanical service rooms and forward-thinking installations. The main level boasts an open floor design, perfect for entertaining with the state-of-the-art experiences you expect. The first-class gourmet open kitchen offers every convenience with the finest integrated appliances. Fill the elegant temperature-controlled wine and spirit cabinets to enhance your gustatory and entertainment experiences in the elegant yet easily accessible dining area. Flowing from the kitchen is the high-ceiling great room, with a stunning stone fireplace and adjoining entertainment center bar and media space, complete with its own ice machine, dishwasher, and full bar sink. Spectacular design elements and grand living carry on to the upper level where you will find a large primary suite with sitting room in one wing and the other bedrooms in the other wing on this floor. The magnificent resort-style primary bedroom and bathroom features a large elegant open-concept space, with its beautiful, imported marble that will refresh and inspire you. Double-sided fireplace, separate vanities, steam room, stainless steel jetted tub, luxurious steam shower with heat control, and full body sprayers are just some of the upgrades. The bespoke wardrobe area promises to elevate every-day dressing to a special occasion. As you make your way to the lower level, you will find a large, finished recreation/family space. Here, you may enjoy a game of billiards or after-dinner cigar and cordials with friends in your wine room. A full wellness center for your fitness needs includes a state-of-the-art exercise room and custom teak sauna, perfect for the health-conscious family. The separate enclosed space with full access to the private stairs leading outside is an excellent choice for a guest retreat or private office. The Griffon Estate is a perfectly designed vibrant space in which to indulge your senses, share experiences with family and friends, build your dreams, and create lasting memories. Lit beautifully by beams of natural light, this design celebrates the sweeping views of the entire property through floor to-ceiling walls of windows and French doors. Imported white marble floors glow throughout the main level, with marble floors extending even into the basement.The country-style quiet surroundings will make you feel Like you are miles away from anyone, yet your living experience is enhanced by your proximity to Route 18, the Garden State Parkway, Route 79, NJ Transit, world-class dining, highly desirable schools, luxury lifestyle events, local farms and their fresh offerings, peaceful reservoirs, winding paths, and, of course, the Jersey Shore beaches. This Estate is to be experienced, not merely shown. This is the time to make it your own.

Last Agent to Sell the Property

Vera Cengiz

Jason Mitchell Real Estate New Jersey License #1971012 Listed on: 08/22/2022

Jason Mitchell Real Estate New Jersey

Co-Listed By

Sarah Bandy

Jason Mitchell Real Estate New Jersey License #0681670

Last Buyer's Agent

Kevin Potter

Keller Williams Realty West Monmouth License #1537629

Keller Williams Realty West Monmouth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,124

Year Built

  • Built in 1981

Lot Details

  • 5.3 Acre Lot
  • Oversized Lot
  • Sprinkler System

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Custom Home
  • Colonial Architecture
  • Contemporary Architecture
  • Shingle Roof
  • Asphalt Rolled Roof
  • Stone Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Crown Molding
  • Ceiling height of 9 feet on the main level
  • Skylights
  • Recessed Lighting
  • Light Fixtures
  • 4 Fireplaces
  • Gas Fireplace
  • Awning
  • Window Treatments
  • Double Door Entry
  • French Doors
  • Sliding Doors
  • Bonus Room
  • Sauna
  • Home Gym
  • Center Hall
  • Pull Down Stairs to Attic
  • Home Security System

Kitchen

  • New Kitchen
  • Built-In Self-Cleaning Double Oven
  • Stove
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Marble Countertops

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Fireplace in Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom Bathtub Only
  • Steam Shower
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Fireplace in Basement

Eco-Friendly Details

  • Energy-Efficient Appliances

Outdoor Features

  • Basketball Court
  • Balcony
  • Patio
  • Exterior Lighting
  • Gazebo
  • Outdoor Gas Grill
  • Play Equipment

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
  • Well
  • Natural Gas Water Heater
  • Water Softener
  • Septic System

Community Details

  • No Home Owners Association
  • Downing Hill Subdivision

Listing and Financial Details

  • Exclusions: Personal Belongings & Furniture
  • Assessor Parcel Number 10-00012-0000-00003-08

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,124

Year Built

Built in 1981

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Oversized
  • Co List Office Mls Id: 3893
  • Co List Office Phone: 833-471-3337
  • Inclusions: Washer, Wall Oven, Window Treatments, Water Softener, Swing Set, Dishwasher, Dryer, Double Oven, Light Fixtures, Microwave, Security System, Self/Con Clean, Stove, Stove Hood, Refrigerator, Sauna, Awnings, Garage Door Opener, Gas Grill
  • Subdivision Name: Downing Hill
  • Architectural Style: Custom, Mother/Daughter, Colonial, Contemporary, 2 Story
  • Reso Flooring: Marble, Wood
  • Reso Interior Features: Attic - Pull Down Stairs, Balcony, Bonus Room, Built-Ins, Ceilings - 9Ft+ 1st Flr, Center Hall, Dec Molding, Fitness, French Doors, Housekeeper Qtrs, In-Law Suite, Security System, Skylight, Sliding Door, Wet Bar, Recessed Lighting
  • Year Built: 1981
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • Interior Sliding Door: Yes
  • Kitchen Center Island: Yes
  • GreatFamily Room Sliding Door4: Yes
  • Exterior Balcony2: Yes
  • ExteriorPatio: Yes
  • Garage Direct Entry: Yes
  • General Property Info Acreage: 5.3
  • Location Middle School: Cedar Drive
  • Interior Attic - Pull Down Stairs: Yes
  • WaterSewer Well: Yes
  • Kitchen Newer: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Included Stove: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Parking Asphalt: Yes
  • General Property Info # Fireplaces: 4.0
  • Interior Balcony: Yes
  • Interior Dec Molding: Yes
  • Interior French Doors: Yes
  • Interior Recessed Lighting: Yes
  • Foyer Two Story: Yes
  • Included Light Fixtures: Yes
  • Included Stove Hood: Yes
  • Exterior Sprinkler Under: Yes
  • Included Window Treatments: Yes
  • Kitchen Sliding Door5: Yes
  • Dining Room Dec Molding4: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • Roof Timberline: Yes
  • Lot Description Oversized3: Yes
  • Interior In-Law Suite: Yes
  • Included Double Oven: Yes
  • Included SelfCon Clean: Yes
  • Kitchen Dec Molding5: Yes
  • Basement Heated: Yes
  • Included Security System2: Yes
  • Included Gas Grill: Yes
  • Exterior BBQ: Yes
  • GreatFamily Room Fireplace - Gas4: Yes
  • Exterior Gazebo: Yes
  • Interior Bonus Room: Yes
  • Included Awnings: Yes
  • GreatFamily Room Dec Molding6: Yes
  • Foyer Double Door Entry: Yes
  • Foyer Floor - Marble: Yes
  • Floors Marble: Yes
  • Interior Fitness: Yes
  • SidingStucco: Yes
  • Interior Housekeeper Qtrs: Yes
  • Dining Room French Doors3: Yes
  • Parking Circular Driveway: Yes
  • Kitchen Marble4: Yes
  • Dining Room Floor - Marble5: Yes
  • Kitchen Floor - Marble7: Yes
  • Basement Fireplace - Gas8: Yes
  • Exterior Basketball Court2: Yes
  • GreatFamily Room Floor - Marble4: Yes
  • GreatFamily Room Wet Bar2: Yes
  • Included Sauna: Yes
  • Living Room Floor - Marble6: Yes
  • Style 2 Story: Yes
  • Heating 5 Zone2: Yes
  • Cooling 5 Zone: Yes
  • Energy Features:Energy Appliances: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Finished, Full, Heated
  • Basement: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplaces: 4
  • Stories: 2
  • Basement Finished: Yes
  • Full Basement: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Features Interior:Security System: Yes
  • Appliances Included:Wall Oven: Yes
  • Features Interior:Skylight: Yes
  • Features Interior:Wet Bar: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bath:Tub: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bath Double Sinks: Yes
  • Primary Bath Floor - Marble2: Yes
  • Primary Bedroom Fireplace - Gas2: Yes
  • Primary Bath Steam Shower: Yes
  • Primary Bath Fireplace - Gas3: Yes

Exterior Features

  • Roof: Timberline, Shingle
  • Acres: 5.3
  • Waterfront: No
  • Exclusions: Personal Belongings & Furniture
  • Exterior Features: Balcony, Basketball Court, BBQ, Gazebo, Patio, Sprinkler Under, Swingset, Lighting
  • ConstructionSiding:Stone: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Circular Driveway, Asphalt, Driveway, Direct Access
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • _pound_ AppliancesIncluded:Garage Door Opener: Yes

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air, 5 Zone
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air, 5 Zone
  • 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

  • Association: No

Schools

  • Middle Or Junior School: Cedar Drive

Lot Info

  • Lot Size Sq Ft: 230868.0
  • Parcel #: 10-00012-0000-00003-08
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 16124.0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2022
Closed on
Jan 25, 2023
Sold by
Mallios Demetrios and Mallios Melissa
Bought by
Gallo Vincent J and Gallo Ingrid Davies
Seller's Agent
Vera Cengiz
Jason Mitchell Real Estate New Jersey
Buyer's Agent
Kevin Potter
Keller Williams Realty West Monmouth
List Price
$2,599,999
Sold Price
$2,200,000
Premium/Discount to List
-$399,999
-15.38%
Views
83
Current Estimated Value
$2,450,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,275
Avg. Annual Appreciation
4.10%

Purchase Details

Closed on
Oct 20, 2017
Sold by
Vincent Demarco
Bought by
Mallios Demetrios and Mallions Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$714,400
Interest Rate
3.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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 Buyer Sale Price Title Company
Gallo Vincent J $2,200,000 --
Mallios Demetrios $893,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mallios Demetrios $714,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2023 01/25/23 Sold $2,200,000 -15.4% $496 / Sq Ft
01/04/2023 01/04/23 Pending -- -- --
08/22/2022 08/22/22 For Sale $2,599,999 +191.2% $587 / Sq Ft
01/23/2018 01/23/18 Sold $893,000 -- $201 / 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 $32,780 $2,350,000 $625,000 $1,725,000
2024 $28,020 $2,200,000 $625,000 $1,575,000
2023 $28,020 $1,800,800 $457,400 $1,343,400
2022 $38,827 $1,653,900 $402,400 $1,251,500
2021 $38,827 $923,500 $382,400 $541,100
2020 $15,950 $904,200 $382,400 $521,800
2019 $15,809 $897,700 $382,400 $515,300
2018 $17,544 $988,400 $382,400 $606,000
2017 $17,349 $980,700 $382,400 $598,300
2016 $16,921 $977,500 $382,400 $595,100
2015 $16,947 $976,800 $397,100 $579,700
2014 $16,475 $976,600 $462,100 $514,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22226594

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 10-00012-0000-00003-8