NOT LISTED FOR SALE

218 Maple Ave Unit 220 Red Bank, NJ 07701

Estimated Value: $1,042,986

3 Beds
1 Bath
3,006 Sq Ft
$347/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $700,000 $233 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $6,665/month

111 Days on Market

Highlights

  • 0.29 Acre Lot
  • Red Bank Reg High School Rated A
  • Zoned Heating and Cooling

About This Home

As of September 2022

Investment Opportunity! Great area of Red Bank Close to the heart of town and mass transit. These Side by Side Duplexes each having 3 bedrooms and 1 full bathroom, Full basement and attic in each unit. Fully Occupied by long term tenants. Each side is separately metered, tenants paying all utilities other that sewer. Current rent roll is $2,500 per unit.

Last Agent to Sell the Property

Daniel Kole

Burke&Manna Real Estate Agency License #1435781 Listed on: 04/25/2022

Last Buyer's Agent

Hope Raymond

Heritage House Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,970

Year Built

  • Built in 1910

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 50x250

Parking

  • 10 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 3,006 Sq Ft Home
  • 2-Story Property
  • Basement
  • Basement Storage

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Zoned Heating and Cooling
  • Furnace
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,970

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1910
  • 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: 50x250
  • Cooling Central Air: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Parking Spaces: 10.0
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Furnace: Yes
  • Basement Tenant Storage: Yes
  • Cooling 2 Zoned AC: Yes
  • Special Features: None

Interior Features

  • Basement: Tenant Storage
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 2

Exterior Features

  • Acres: 0.29
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Total Parking Spaces: 10.0
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 2 Zoned AC
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 50x250
  • Lot Size Sq Ft: 12632.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 00000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10970.0
  • Tax Other Annual Assessment Amount: 563500.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2016
Sold by
Auerbach Phillip G and Auerbach Cynthia
Bought by
Kornstick Properties Llc
Current Estimated Value
$1,042,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$278,717
Interest Rate
3.42%
Mortgage Type
Commercial
Estimated Equity
$764,269

Purchase Details

Closed on
Jul 22, 2002
Sold by
Waldman Daniel
Bought by
Auerbach Phillip and Auerbach Cynthia
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kornstick Properties Llc $499,900 Trident Abstract Title
Auerbach Phillip $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kornstick Properties Llc $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2022 09/29/22 Sold $700,000 -12.4% $233 / Sq Ft
06/17/2022 06/17/22 Price Changed $799,000 -5.4% $266 / Sq Ft
05/20/2022 05/20/22 Price Changed $845,000 -0.6% $281 / Sq Ft
04/25/2022 04/25/22 For Sale $850,000 -- $283 / 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 $13,363 $757,200 $353,800 $403,400
2024 $13,301 $707,400 $315,400 $392,000
2023 $13,301 $696,000 $315,400 $380,600
2022 $12,623 $629,000 $293,400 $335,600
2021 $12,623 $564,300 $244,500 $319,800
2020 $12,748 $561,100 $244,500 $316,600
2019 $12,280 $555,400 $244,500 $310,900
2018 $11,760 $537,700 $244,500 $293,200
2017 $11,333 $537,100 $244,500 $292,600
2016 $11,197 $531,400 $244,500 $286,900
2015 $10,620 $522,400 $278,600 $243,800
2014 $11,103 $580,400 $309,500 $270,900
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Daniel Kole

    Burke&Manna Real Estate Agency

    Section Image

  • H

    Buyer's Agent in 2022

    Hope Raymond

    Heritage House Sotheby's International Realty

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22211946

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00075-02-00132

New Jersey Monmouth County Red Bank 07701

218 Maple Ave Unit 220, Red Bank, NJ

This home is located at 218 Maple Ave Unit 220, Red Bank, NJ 07701 since 25 April 2022 and is currently estimated at $1,042,986, approximately $346 per square foot. This property was built in 1910. 218 Maple Ave Unit 220 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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