NOT LISTED FOR SALE

241 Maple Ave Unit 5 Red Bank, NJ 07701

Estimated Value: $2,029,248

-- Bed
-- Bath
1,475 Sq Ft
$1,376/Sq Ft Est. Value

About This Home

This home is located at 241 Maple Ave Unit 5, Red Bank, NJ 07701 and is currently priced at $2,029,248, approximately $1,375 per square foot. 241 Maple Ave Unit 5 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
Feb 6, 2025
Sold by
Merlo Investments Maple Ave Llc
Bought by
241-245 Maple Avenue Llc
Current Estimated Value
$2,029,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Outstanding Balance
$765,205
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2023
Sold by
Merlo Thomas
Bought by
Merlo Investments Maple Avenue Llc

Purchase Details

Closed on
May 19, 2011
Sold by
Merlo Thomas and Merlo Ralph
Bought by
Merlo Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.85%
Mortgage Type
Commercial

Purchase Details

Closed on
May 18, 2006
Sold by
Merlo Thomas
Bought by
Merlo Thomas and Merlo Ralph

Purchase Details

Closed on
Mar 1, 2005
Sold by
Two Hundred Forty One Group
Bought by
Merlo Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.78%
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
241-245 Maple Avenue Llc $1,325,000 Surety Title
241-245 Maple Avenue Llc $1,325,000 Surety Title
Merlo Investments Maple Avenue Llc -- None Listed On Document
Merlo Thomas -- New Jersey Title Ins Co
Merlo Thomas -- --
Merlo Thomas $1,125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 241-245 Maple Avenue Llc $850,000
Closed 241-245 Maple Avenue Llc $850,000
Previous Owner Merlo Thomas $180,000
Previous Owner Merlo Thomas $400,000
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 $23,461 $1,142,900 $361,400 $781,500
2024 $23,222 $1,242,000 $323,000 $919,000
2023 $23,222 $1,215,200 $323,000 $892,200
2022 $22,372 $1,087,300 $300,500 $786,800
2021 $22,372 $1,000,100 $250,400 $749,700
2020 $21,502 $946,400 $250,400 $696,000
2019 $20,629 $933,000 $250,400 $682,600
2018 $19,497 $891,500 $250,400 $641,100
2017 $18,779 $890,000 $250,400 $639,600
2016 $19,446 $922,900 $250,400 $672,500
2015 $19,751 $971,500 $283,900 $687,600
2014 $20,649 $1,079,400 $315,400 $764,000
Source: Public Records

Map

New Jersey Monmouth County Red Bank 07701

241 Maple Ave Unit 5, Red Bank, NJ

This home is located at 241 Maple Ave Unit 5, Red Bank, NJ 07701 and is currently priced at $2,029,248, approximately $1,375 per square foot. 241 Maple Ave Unit 5 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.

Nearby Homes