NOT LISTED FOR SALE

22 Drummond Place Red Bank, NJ 07701

Estimated Value: $898,792 - $1,096,000

6 Beds
2 Baths
3,441 Sq Ft
$303/Sq Ft Est. Value

Last Sold March 09, 2020

Last sale price $621,000 $180 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $6,769/month

Highlights

  • Deck
  • Wood Flooring
  • 2 Car Detached Garage
  • Red Bank Regional High School Rated A
  • 1 Fireplace
  • Oversized Parking

About This Home

As of March 2020

This is the one you've been waiting for- make all of your investment dreams come true with this stunning 2 family home in the very heart of Red Bank! Located a couple houses down from the town center, this home has been lovingly updated and maintained to offer 2 attractive units (both 3 bedroom units) with hard wood floors, updated kitchens, newer windows and separate in unit laundry added. Walk up attic, full basement and 2 car garage all add to the value. Potential 3rd unit in attic level with variance (buyer do due diligence) and great income and in place tenants.Location is KEY-in the downtown center, within 1/2 a mile to the NJ Transit bus/train and close to all major transport, schools, nightlife! Do not wait on this one- a true knock out.

Last Agent to Sell the Property

Lisa English

O'Brien Realty, LLC Listed on: 02/25/2020

Last Buyer's Agent

Matthew Taetsch

RE/MAX Generations

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,441

Year Built

  • Built in 1912

Lot Details

  • Lot Dimensions are 17 x 131

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Common or Shared Parking
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • 1 Fireplace

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Outdoor Features

  • Deck
  • Patio

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for water, heat, gas, electricity
  • The owner pays for sewer
  • Assessor Parcel Number 39-00045-0000-00005

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $2,135
  • Insurance Expense $1,800
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,441

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Subdivision Name: None
  • Reso Flooring: Wood, Ceramic Tile
  • Year Built: 1912
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 17 x 131
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • SidingAluminum: Yes
  • General Property Info # Fireplaces: 1.0
  • ExteriorDeck: Yes
  • Garage Oversized: Yes
  • Cooling Multi Units: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Income Expenses Insurance Expense: 1800.0
  • Income Expenses WaterSewer Expense: 1200.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Income Expenses Gas Expense: 2135.0
  • Basement Shared Storage3: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Shared Storage
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: Personal Property
  • Construction Type: Aluminum Siding
  • Exterior Features: Deck, Patio

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Paved, Common, Off Street, On Street, Detached, Oversized
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking Features:Garage Detached: Yes
  • GarageParking:Common: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Radiant
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Radiant: Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Lot Info

  • Lot Dimensions: 17 x 131
  • Parcel #: 39-00045-0000-00005

Rental Info

  • Tenant Pays: Water, Heat, Gas, Electricity
  • Owner Pays: Sewer

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 10441.0
  • Tax Other Annual Assessment Amount: 487000.0

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 1800.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2020
Closed on
Mar 5, 2020
Sold by
Stein Jennifer Jackson and Stein Thomas
Bought by
Dell Anno Robert
Seller's Agent
Lisa English
O'Brien Realty, LLC
Buyer's Agent
Matthew Taetsch
RE/MAX Generations
Sold Price
$621,000
Current Estimated Value
$1,042,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,698
Avg. Annual Appreciation
9.43%

Purchase Details

Listed on
Nov 20, 2012
Closed on
Jan 16, 2014
Sold by
Siscoh Llc
Bought by
Jackson Jennifer Colleen
Seller's Agent
Robert Levenson
Weichert Realtors-Rumson
Buyer's Agent
Robert Levenson
Weichert Realtors-Rumson
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.44%
Original Mortgage
$386,650
Interest Rate
4.12%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Dell Anno Robert $621,000 All Ahead Title Agency Llc
Jackson Jennifer Colleen $400,000 Agent For Commonwealh L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jackson Jennifer Colleen $386,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/09/2020 03/09/20 Sold $621,000 +2252.3% $180 / Sq Ft
02/25/2020 02/25/20 Pending -- -- --
05/09/2014 05/09/14 Rented $26,400 0.0% --
01/24/2014 01/24/14 Sold $400,000 -- $116 / Sq Ft View Prior Sale
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 $15,405 $855,900 $333,400 $522,500
2024 $13,989 $815,500 $295,000 $520,500
2023 $13,989 $732,000 $295,000 $437,000
2022 $13,637 $692,900 $274,600 $418,300
2021 $13,637 $609,600 $228,800 $380,800
2020 $11,814 $520,000 $228,800 $291,200
2019 $10,768 $487,000 $228,800 $258,200
2018 $10,441 $477,400 $228,800 $248,600
2017 $10,039 $475,800 $228,800 $247,000
2016 $9,892 $469,500 $228,800 $240,700
2015 $9,281 $456,500 $262,300 $194,200
2014 $9,693 $506,700 $293,800 $212,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22004891

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00045-0000-00005