NOT LISTED FOR SALE

222 S Bridge Ave Red Bank, NJ 07701

Estimated Value: $435,000

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

Last Sold May 05, 2022

Last sale price $1,560,000

Current estimated payment $2,895/month

9 Days on Market

About This Home

As of May 2022

Begin or add to your investment portfolio with this Gem! Build 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. Modern white kitchens feature stainless-steel appliances and granite, gorgeous baths, open floor-plans and in unit laundry makes living simple and easy. Located close to the rail line for an easy NYC commute, and close to the heart beat of Red Bank, this is one property that makes a wonderful investment. With a great rent roll and low expenses, this is one investment that you can be secure in! 81,560 annual net ROI. Tenants pay utilities. Owner pays sewer and water.

Last Agent to Sell the Property

Lauren Orsini

Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair Listed on: 03/02/2022

Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,781

Lot Details

  • 244

Parking

  • 1 Car Garage

Home Design

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Additional Features

  • Laundry in unit
  • 244 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00017 / 00077

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,781

Lot Details

0

Parking

1

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Unit
  • Co List Office Phone: (973) 239-7700
  • MLS Status: Sold - Sold
  • Directions: Newman Springs road to S Bridge Ave
  • Architectural Style: 4 Family
  • Year Built Details: 2010's
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 6
  • Total Bedrooms: 8
  • Basement Remarks: NO

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 244.0

Tax Info

  • Tax Annual Amount: 22781.0
  • Tax Block: 00077
  • Tax Lot: 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
Apr 13, 2022
Sold by
Tbg Management Properties Llc
Bought by
Elshiekh Enterprises Llc
Seller's Agent
Lauren Orsini
Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair
Buyer's Agent
Outside Agent
Outside Office
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

Listed on
Oct 10, 2018
Closed on
Jan 30, 2019
Sold by
Chelsea Place Red Bank Llc
Bought by
Tbg Management Properties Llc
Seller's Agent
Brenda McIntyre
Brenda McIntyre Realty
Buyer's Agent
Laura Balestro
Woodward Realty Group
Sold Price
$27,840

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:

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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
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% --
03/11/2022 03/11/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $1,499,000 0.0% --
12/14/2018 12/14/18 Rented $27,840 +6.7% --
04/15/2015 04/15/15 Rented $26,100 +14.8% --
10/01/2013 10/01/13 Rented $22,740 0.0% --
05/01/2013 05/01/13 Rented $22,740 0.0% --
04/01/2012 04/01/12 Rented $22,740 -- --
Source: New Jersey MLS

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

  • Lauren Orsini

    Seller's Agent in 2022

    Lauren Orsini

    Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair

    (973) 650-1683

    1 in this area

    445 Total Sales

    Lauren Orsini
    Section Image

  • O

    Buyer's Agent in 2022

    Outside Agent

    Outside Office

  • Brenda McIntyre

    Seller's Agent in 2018

    Brenda McIntyre

    Brenda McIntyre Realty

    (732) 859-5622

    7 in this area

    110 Total Sales

    Brenda McIntyre
    Section Image

  • L

    Buyer's Agent in 2018

    Laura Balestro

    Woodward Realty Group

  • Laura Barr

    Buyer's Agent in 2018

    Laura Barr

    NextHome Peninsula Realty Group

    (732) 539-9788

    1 in this area

    39 Total Sales

    Laura Barr
    Section Image

  • S

    Buyer's Agent in 2012

    Sandy Marcus

    Better Homes and Gardens Real Estate Murphy & Co.

    (732) 957-0300

    2 in this area

    17 Total Sales

    Sandy Marcus
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 22006646

New Jersey MLS

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

New Jersey Monmouth County Red Bank 07701

222 S Bridge Ave, Red Bank, NJ

This home is located at 222 S Bridge Ave, Red Bank, NJ 07701 since 02 March 2022 and is currently estimated at $435,000. 222 S Bridge Ave 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.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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