NOT LISTED FOR SALE

25 Ward Ave Rumson, NJ 07760

Estimated Value: $5,403,548 - $7,268,000

8 Beds
10 Baths
9,377 Sq Ft
$689/Sq Ft Est. Value

Last Sold December 23, 2016

Last sale price $3,200,000 $341 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $38,522/month

82 Days on Market

Highlights

  • Docks
  • Boat Lift
  • Gunite Pool
  • Deane Porter School Rated A
  • Tennis Courts
  • River View

About This Home

As of December 2016

The grande empress of streets and the grande dame of estates. An incredible opportunity to combine elements of turn of the century style, elegant proportions and sublime waterviews. A deep water dock, grass tennis court, pool and riparian grant and views to the Atlantic Ocean create a Nantucket style compound.

Last Agent to Sell the Property

Gloria Nilson

Gloria Nilson & Co. Real Estate Listed on: 07/17/2016

Last Buyer's Agent

Jennifer Jamin

Berkshire Hathaway HomeServices Fox & Roach - Rumson License #1222272

Berkshire Hathaway HomeServices Fox & Roach - Rumson

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $69,849

Year Built

  • Built in 1904

Lot Details

  • 2.8 Acre Lot
  • River Front
  • Fenced
  • Oversized Lot
  • Irregular Lot
  • Sprinkler System

Parking

  • 6 Car Detached Garage
  • Carport
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Shore Colonial Architecture
  • Shingle Roof
  • Wood Roof

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Tray Ceiling
  • Ceiling height of 9 feet on the main level
  • Wood Burning Fireplace
  • Awning
  • Sliding Doors
  • Entrance Foyer
  • Family Room
  • Sitting Room
  • Sunken Living Room
  • Dining Room with Fireplace
  • 6 Fireplaces
  • Home Office
  • Bonus Room
  • Sun or Florida Room
  • Home Gym
  • River Views
  • Partial Basement
  • Walkup Attic
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Butlers Pantry
  • Gas Cooktop
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Primary Bathroom Bathtub Only

Laundry

  • Dryer
  • Washer

Pool

  • Gunite Pool
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Riparian Grant
  • Riparian rights to water flowing past the property
  • Boat Lift
  • Docks
  • Tennis Courts
  • Deck
  • Patio
  • Exterior Lighting
  • Gazebo
  • Outbuilding
  • Porch

Schools

  • Deane-Porter Elementary School
  • Forrestdale Middle School
  • Rumson-Fair Haven High School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 41-00080-0000-00009-01

Home Details

Home Type

Single Family

Est. Annual Taxes

$69,849

Year Built

Built in 1904

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Fenced Area, Irregular Lot, Oversized, Riparian Rts, Riverfront
  • ResoPoolFeatures: Gunite
  • Inclusions: AC Units, Washer, Dishwasher, Dryer, Microwave, Security System, Stove, Refrigerator, Awnings, Garage Door Opener, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Detached, Shore Colonial
  • Reso Flooring: Marble, Tile, W/W Carpet, Wood
  • Reso Interior Features: Attic - Walk Up, Bonus Room, Built-Ins, Ceilings - 9Ft+ 1st Flr, Ceilings - 9Ft+ 2nd Flr, Dec Molding, Fitness, Housekeeper Qtrs, In-Law Suite
  • New Construction: No
  • Reso Other Structures: Misc Building
  • Year Built: 1904
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: Yes
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • GreatFamily Room Sliding Door4: Yes
  • ExteriorPatio: Yes
  • Exterior Swimming: Yes
  • General Property Info Acreage: 2.8
  • General Property Info Lot Dimensions: x
  • Location Middle School: Forrestdale
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Lot Description Fenced Area: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Parking Asphalt: Yes
  • General Property Info # Fireplaces: 6.0
  • Interior Ceilings - 9Ft 2nd Flr: Yes
  • Interior Dec Molding: Yes
  • Lot Description Irregular Lot: Yes
  • Exterior Porch - Open: Yes
  • Exterior Sprinkler Under: Yes
  • Number Appliances Included A C Units: Yes
  • Foyer Floor - Wood: Yes
  • Dining Room Dec Molding4: Yes
  • Kitchen GraniteStone Counter: Yes
  • ExteriorDeck: Yes
  • Foyer Fireplace - Woodburning: Yes
  • Living Room Fireplace - Woodburning2: Yes
  • GreatFamily Room Fireplace - Woodburning5: Yes
  • Interior In-Law Suite: Yes
  • Living Room Dec Molding3: Yes
  • Kitchen BnookDining Area: Yes
  • Kitchen Eat-In: Yes
  • Rooms Sitting: Yes
  • Style Shore Colonial: Yes
  • Kitchen Floor - Wood4: Yes
  • Parking Oversized2: Yes
  • Included Security System2: Yes
  • Exterior Dock: Yes
  • ExteriorOutdoorShower: Yes
  • Kitchen Butler Pantry: Yes
  • Exterior Gazebo: Yes
  • Exterior Tennis Court(s): Yes
  • Floors Tile: Yes
  • Interior Attic - Walk Up: Yes
  • Lot Description Riverfront2: Yes
  • Water Type Riverfront: Yes
  • Interior Bonus Room: Yes
  • Included Awnings: Yes
  • Floors Marble: Yes
  • PoolGunite: Yes
  • Interior Fitness: Yes
  • Water Type Riverview: Yes
  • Roof Wood3: Yes
  • Interior Housekeeper Qtrs: Yes
  • Out Buildings Misc Building: Yes
  • Parking Circular Driveway: Yes
  • GreatFamily Room Sunken3: Yes
  • Exterior Boat Lift: Yes
  • Lot Description Riparian Rts: Yes
  • Water Type Riparian Rights: Yes
  • Dining Room Fireplace - Woodburning3: Yes
  • Cooling 3 Zoned AC: Yes
  • Heating 3 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Partial
  • Basement: Yes
  • Full Bathrooms: 7
  • Half Bathrooms: 3
  • Total Bedrooms: 8
  • Stories: 2
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Family Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Other Rooms:Sunroom: Yes
  • Appliances Included:Microwave: Yes
  • Other Rooms:Foyer: Yes
  • Kitchen Pantry: Yes
  • Other Rooms:Office2: Yes
  • Basement:Partial: Yes
  • Primary Bedroom Level:Second43: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bedroom:TRYVLTCATH3: Yes
  • Primary Bath:Tub: Yes
  • Primary Bedroom:Walk-in Closet: Yes

Exterior Features

  • Roof: Shingle, Wood
  • Acres: 2.8
  • Waterfront Features: Riparian Grants, Riparian Rights, Riverfront, Riverview
  • Waterfront: Yes
  • Exterior Features: Boat Lift, Deck, Dock, Fence, Gazebo, Outdoor Shower, Patio, Porch - Open, Sprinkler Under, Swimming, Lighting, Tennis Court(s)

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 6.0
  • Parking Features: Circular Driveway, Paved, Asphalt, Carport, Driveway
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • Parking:Paved: Yes
  • _pound_ AppliancesIncluded:Garage Door Opener: Yes
  • Parking Features:Garage Detached: Yes
  • Parking:Carport: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 3+ Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Forrestdale

Lot Info

  • Lot Dimensions: x
  • Lot Size Sq Ft: 121968.0
  • Parcel #: 41-00080-0000-00009-01
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 69849.0

MLS Schools

  • Elementary School: Deane-Porter
  • High School: Rumson-Fair Haven

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2016
Closed on
Dec 19, 2016
Sold by
Hovnanian Ara K
Bought by
Gangemi Edwin and Gangemi Laura
Seller's Agent
Gloria Nilson
Gloria Nilson & Co. Real Estate
Buyer's Agent
Jennifer Jamin
Berkshire Hathaway HomeServices Fox & Roach - Rumson
Sold Price
$3,200,000
Current Estimated Value
$6,464,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,264,887
Avg. Annual Appreciation
8.11%
Original Mortgage
$2,240,000
Outstanding Balance
$1,836,653
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$4,628,234

Purchase Details

Closed on
May 2, 2016
Sold by
Hovnanian Ara K and Hovnanian Kevork S
Bought by
Kevork S Hovnanian 2004 R Evocable Tru S and Kalian Lucy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.66%

Purchase Details

Closed on
Sep 5, 1996
Sold by
Subotnick Stuart
Bought by
Raia Steven and Raia Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
8.18%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Gangemi Edwin $3,200,000 East Coast Title Agency
Kevork S Hovnanian 2004 R Evocable Tru S -- --
Raia Steven $2,150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gangemi Edwin $2,240,000
Previous Owner Kevork S Hovnanian 2004 R Evocable Tru S --
Previous Owner Raia Steven $980,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2016 12/23/16 Sold $3,200,000 -- $341 / Sq Ft
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 $57,004 $5,483,400 $4,538,400 $945,000
2024 $55,588 $5,182,200 $4,322,300 $859,900
2023 $55,588 $4,755,200 $3,975,600 $779,600
2022 $51,436 $4,204,800 $3,472,400 $732,400
2021 $51,436 $3,614,600 $3,044,200 $570,400
2020 $49,439 $3,450,000 $2,978,500 $471,500
2019 $58,870 $4,007,500 $2,512,800 $1,494,700
2018 $57,672 $3,891,500 $2,512,800 $1,378,700
2017 $58,466 $3,980,000 $2,512,800 $1,467,200
2016 $70,443 $3,980,000 $2,512,800 $1,467,200
2015 $69,849 $4,807,200 $2,512,800 $2,294,400
2014 $69,139 $4,745,300 $2,512,800 $2,232,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21613696

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 41-00080-0000-00009-01