NOT LISTED FOR SALE

222 S Bridge Ave Unit A Red Bank, NJ 07701

Estimated Value: $435,000

8 Beds
6 Baths
-- Sq Ft
436 Sq Ft Lot

Last Sold May 05, 2022

Last sale price $1,560,000

Current estimated payment $2,895/month

7 Days on Market

Highlights

  • 1 Car Direct Access Garage
  • Forced Air Heating and Cooling System
  • 3-minute walk to Johnny Jazz Park
  • Red Bank Reg High School Rated A

About This Home

As of May 2022

Begin or add to your investment portfolio with this Gem in the heart of Red Bank. Quick access to the train and GSP as well as all the amenities Red Bank has to offer! Built in 2010 Chelsea Place is a 4 unit rental property in 2 free standing buildings on one parcel/block. Each unit has 2 Br. 1+ Ba. Garage and off street parking. Tenant pays utilities. Owner pays sewer and water.81,560 annual net ROI!

Last Agent to Sell the Property

Laura Dougherty Drago

Berkshire Hathaway HomeServices Fox & Roach - Verona Listed on: 03/03/2022

Last Buyer's Agent

Gihann Elshiekh

ERA/ Suburb Realty Agency License #1326857

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,228

Year Built

  • Built in 2010

Lot Details

  • 436

Parking

  • 1 Car Direct Access Garage
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Dishwasher
  • Laminate Flooring
  • 436 Sq Ft Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for heat, gas, electricity
  • The owner pays for yard maintenance, water, snow removal, sewer
  • Assessor Parcel Number 39-00077-0000-00017-01-C000A

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,228

Year Built

Built in 2010

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • Reso Flooring: Laminate, Other
  • New Construction: No
  • Year Built: 2010
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Garage Direct Entry: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • SidingBrick: Yes
  • General Property Info # Parking Spaces: 2.0
  • Unit 1 Washer2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Floors Laminate2: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 3 Dryer4: Yes
  • Unit 3 Washer4: Yes
  • Unit 4 Dryer11: Yes
  • Unit 4 Washer10: Yes
  • Unit 3 Dishwasher2: Yes
  • Unit 4 Dishwasher11: Yes
  • Special Features: None

Interior Features

  • Basement: Slab
  • Basement: No
  • Full Bathrooms: 6
  • Total Bedrooms: 8
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.01
  • Waterfront: No
  • Construction Type: Brick
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Off Street, Assigned, Direct Access
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:Assigned2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Lot Info

  • Lot Size Sq Ft: 435.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 39-00077-0000-00017-01-C000A
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Heat, Gas, Electricity
  • Owner Pays: Yard Maintenance, Water, Snow Removal, Sewer

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5228.0
  • Tax Other Annual Assessment Amount: 233700.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2022
Closed on
Apr 13, 2022
Sold by
Tbg Management Properties Llc
Bought by
Elshiekh Enterprises Llc
Seller's Agent
Laura Dougherty Drago
Berkshire Hathaway HomeServices Fox & Roach - Verona
Buyer's Agent
Gihann Elshiekh
ERA/ Suburb Realty Agency
List Price
$1,499,000
Sold Price
$1,560,000
Premium/Discount to List
$61,000
4.07%
Current Estimated Value
$435,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,125,000
Avg. Annual Appreciation
-31.01%

Purchase Details

Closed on
Jan 30, 2019
Sold by
Chelsea Place Red Bank Llc
Bought by
Tbg Management Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,400,000
Interest Rate
4.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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
Elshiekh Enterprises Llc $780,000 First American Title
Tbg Management Properties Llc $950,000 Metro Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tbg Management Properties Llc $3,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2022 05/05/22 Sold $1,560,000 +4.1% --
03/03/2022 03/03/22 For Sale $1,499,000 0.0% --
02/02/2020 02/02/20 Rented $30,625 -- --
01/22/2020 01/22/20 Under Contract -- -- --
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 $7,067 $400,100 $185,000 $215,100
2024 $7,067 $373,500 $165,000 $208,500
2023 $7,067 $369,800 $165,000 $204,800
2022 $5,228 $272,900 $75,000 $197,900
2021 $5,228 $233,700 $50,000 $183,700
2020 $4,983 $219,300 $50,000 $169,300
2019 $4,287 $193,900 $50,000 $143,900
2018 $4,157 $190,100 $50,000 $140,100
2017 $4,024 $190,700 $50,000 $140,700
2016 $3,972 $188,500 $50,000 $138,500
2015 $4,066 $200,000 $160,000 $40,000
2014 $3,826 $200,000 $160,000 $40,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Laura Dougherty Drago

    Berkshire Hathaway HomeServices Fox & Roach - Verona

  • Gihann Elshiekh

    Buyer's Agent in 2022

    Gihann Elshiekh

    ERA/ Suburb Realty Agency

    (908) 265-6562

    2 in this area

    47 Total Sales

    Gihann Elshiekh
    Section Image

  • K

    Seller's Agent in 2020

    Kimberly Newsome

    Berkshire Hathaway HomeServices Signature Properties

  • D

    Buyer's Agent in 2020

    Danielle Polihros

    Berkshire Hathaway HomeServices Signature Properties

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22205765

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00077-0000-00017-01-C000A

New Jersey Monmouth County Red Bank 07701

222 S Bridge Ave Unit A, Red Bank, NJ

This home is located at 222 S Bridge Ave Unit A, Red Bank, NJ 07701 since 03 March 2022 and is currently estimated at $435,000. This property was built in 2010. 222 S Bridge Ave Unit A 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.

Nearby Homes