$769,000
SOLD APR 2, 2025

21 Worthley St Red Bank, NJ 07701

5 Beds
2 Baths
1,922 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$400 Per Sq Ft

3% Above List Price

13 Days on Market

About This Home

As of April 2025

Prime Red Bank Investment - High Cash Flow & Unbeatable Location! Seize this cash cow investment opportunity in one of Red Bank's most desirable locations just a short walk to town, top-rated schools, shops, and entertainment. This prime location ensures strong tenant demand and long-term value! Featuring two separate units—a 3-bed, 1-bath and a 2-bed, 1-bath—both equipped with in-unit washer & dryer and separate utilities, offering convenience and efficiency for tenants. The deep lot is complete with a shed, koi pond, and fire pit, creating a unique and tranquil setting rarely found in rental properties. With a potential rent roll of $3,000 & $2,800, turnkey income-producing property perfect for investors or owner-occupants looking to generate additional income.

Last Agent to Sell the Property

Kyle Golden

C21 Thomson & Co. License #1646836 Listed on: 02/27/2025

Last Buyer's Agent

Salvatore Ventre

Real Broker, LLC- Point P License #1223429

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,335

Year Built

  • Built in 1915

Lot Details

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

Home Design

  • Duplex

Interior Spaces

  • 1,922 Sq Ft Home
  • 2-Story Property
  • Finished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 39-00015-01-00032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,335

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Year Built: 1915
  • General Property Info Waterview: 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
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Special Features: None

Interior Features

  • Basement: Finished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Basement Finished: Yes

Exterior Features

  • Acres: 0.17
  • Waterfront: No

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 39-00015-01-00032
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 12335.0
  • Tax Other Annual Assessment Amount: 653000.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2025
Closed on
Mar 26, 2025
Sold by
21 Worthley Investments Llc
Bought by
Gva Enterprises Llc
Seller's Agent
Kyle Golden
C21 Thomson & Co.
Buyer's Agent
Salvatore Ventre
Real Broker, LLC- Point P
List Price
$749,000
Sold Price
$769,000
Premium/Discount to List
$20,000
2.67%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.94%
Original Mortgage
$576,750
Outstanding Balance
$575,216
Interest Rate
6.63%
Mortgage Type
Construction
Estimated Equity
$181,793

Purchase Details

Listed on
Oct 26, 2020
Closed on
Dec 3, 2020
Sold by
Sparacino Kristopher J
Bought by
21 Worthley Investments Llc
Seller's Agent
Amy Montano
O'Brien Realty, LLC
Buyer's Agent
Vincent Hennessey
RE/MAX Generations
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.79%
Original Mortgage
$325,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2012
Sold by
Kis Associates Llc
Bought by
Sparacino Kristopher J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,400
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 2006
Sold by
Niro Nicola
Bought by
Kjs Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,200
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 31, 2006
Sold by
Niro Nicola
Bought by
Niro Nicola

Purchase Details

Closed on
Oct 17, 2005
Sold by
Niro Nicola
Bought by
Niro Nicola and Niro Camilla
Source: Public Records

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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 Type Sale Price Title Company
Deed $769,000 Chicago Title
Deed $500,000 Property Transfer Svcs Inc
Quit Claim Deed -- None Available
Deed $429,000 --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $576,750 Construction
Previous Owner $325,000 New Conventional
Previous Owner $286,400 Commercial
Previous Owner $343,200 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2025 07/19/25 Price Changed $2,745 -1.8% --
06/26/2025 06/26/25 For Rent $2,795 0.0% --
04/02/2025 04/02/25 Sold $769,000 +2.7% $400 / Sq Ft
03/12/2025 03/12/25 Pending -- -- --
02/27/2025 02/27/25 For Sale $749,000 +49.8% $390 / Sq Ft
01/20/2021 01/20/21 Sold $500,000 -4.8% $265 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
10/26/2020 10/26/20 For Sale $525,000 -- $278 / 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 $10,511 $653,000 $346,900 $306,100
2023 $10,511 $550,000 $314,600 $235,400
2022 $9,174 $541,800 $298,100 $243,700
2021 $9,174 $410,100 $238,500 $171,600
2020 $8,977 $395,100 $238,500 $156,600
2019 $8,632 $390,400 $238,500 $151,900
2018 $8,416 $384,800 $238,500 $146,300
2017 $8,098 $383,800 $238,500 $145,300
2016 $8,009 $380,100 $238,500 $141,600
2015 $7,819 $384,600 $278,500 $106,100
2014 $7,357 $384,600 $278,500 $106,100
Source: Public Records

Agents Affiliated with this Home

  • Christopher Rizzolo

    Seller's Agent in 2025

    Christopher Rizzolo

    Melrose Realty, LLC

    (732) 674-5757

    2 in this area

    39 Total Sales

    Section Image
  • Kyle Golden

    Seller's Agent in 2025

    Kyle Golden

    C21 Thomson & Co.

    (201) 400-5427

    4 in this area

    109 Total Sales

    Section Image
  • Salvatore Ventre

    Buyer's Agent in 2025

    Salvatore Ventre

    Real Broker, LLC- Point P

    (732) 232-6005

    1 in this area

    168 Total Sales

    Section Image

  • A

    Seller's Agent in 2021

    Amy Montano

    O'Brien Realty, LLC

    (732) 229-3532

    1 in this area

    5 Total Sales

    Section Image

  • V

    Buyer's Agent in 2021

    Vincent Hennessey

    RE/MAX

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22505433

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00015-01-00032

New Jersey Monmouth County Red Bank 07701

21 Worthley St, Red Bank, NJ

This home is located at 21 Worthley St, Red Bank, NJ 07701 and is currently priced at $769,000, approximately $400 per square foot. This property was built in 1915. 21 Worthley St 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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