NOT LISTED FOR SALE

240 Mechanic St Red Bank, NJ 07701

Estimated Value: $788,000 - $868,000

3 Beds
2 Baths
1,864 Sq Ft
$440/Sq Ft Est. Value

About This Home

This home is located at 240 Mechanic St, Red Bank, NJ 07701 and is currently estimated at $820,955, approximately $440 per square foot. 240 Mechanic 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2022
Sold by
20-240 Redbank Llc
Bought by
Cole Christopher and Cole Tracy
Current Estimated Value
$820,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$250,899
Interest Rate
4.48%
Mortgage Type
Balloon
Estimated Equity
$570,056

Purchase Details

Closed on
Dec 20, 2001
Sold by
Gilmore Beatrice
Bought by
Cole Chris and Cole Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
6.85%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Cole Christopher -- Foundation Title
Cole Christopher -- Foundation Title
Cole Chris $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cole Christopher $300,000
Closed Cole Christopher $300,000
Previous Owner Cole Chris $127,500
Source: Public Records

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 $12,528 $721,600 $406,200 $315,400
2024 $10,214 $663,200 $346,200 $317,000
2023 $10,214 $534,500 $313,900 $220,600
2022 $9,624 $508,600 $297,500 $211,100
2021 $9,624 $430,200 $238,000 $192,200
2020 $9,392 $413,400 $238,000 $175,400
2019 $9,025 $408,200 $238,000 $170,200
2018 $8,790 $401,900 $238,000 $163,900
2017 $8,457 $400,800 $238,000 $162,800
2016 $8,356 $396,600 $238,000 $158,600
2015 $8,132 $400,000 $278,000 $122,000
2014 $7,652 $400,000 $278,000 $122,000
Source: Public Records

Map

New Jersey Monmouth County Red Bank 07701

240 Mechanic St, Red Bank, NJ

This home is located at 240 Mechanic St, Red Bank, NJ 07701 and is currently estimated at $820,955, approximately $440 per square foot. 240 Mechanic 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.

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