NOT LISTED FOR SALE

254 Mechanic St Unit 256 Red Bank, NJ 07701

Estimated Value: $711,000 - $913,000

4 Beds
2 Baths
1,886 Sq Ft
$436/Sq Ft Est. Value

Last Sold September 27, 2021

Last sale price $649,000 $344 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,516/month

41 Days on Market

About This Home

As of September 2021

FANTASIC INVESTEMNT OPPORTUNITY IN RED BANK. This sought after side by side duplex is located in the heart of Red Bank. Amazing potential and possibilities to live in one side and rent the other and pay down your mortgage, or just simply collect the rents! This home has a modern charm with wide plank hardwood floors, moldings, and a granite counters. Washer & dryer in the unit and a large backyard. Just minutes to downtown Red Bank, train, hospital and shopping. This one wont last! Call today!

Last Agent to Sell the Property

Paul Kiernan

RE/MAX Welcome Home License #0458170 Listed on: 08/10/2021

RE/MAX Welcome Home

Last Buyer's Agent

Robert Kosinski

RE/MAX Gateway License #1643938

RE/MAX Gateway

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,497

Year Built

  • Built in 1912

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 51 x 146

Home Design

  • Duplex

Interior Spaces

  • 1,886 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 39-00015-01-00040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,497

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Subdivision Name: None
  • Year Built: 1912
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 51 x 146
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dryer2: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Acres: 0.17
  • Waterfront: No

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Heating: HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 51 x 146
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 39-00015-01-00040
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 8497.0
  • Tax Other Annual Assessment Amount: 374000.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2021
Closed on
Sep 17, 2021
Sold by
Belas Jude and Belas Ann Marie
Bought by
254 Mechanic Street Llc
Seller's Agent
Paul Kiernan
RE/MAX Welcome Home
Buyer's Agent
Robert Kosinski
RE/MAX Gateway
List Price
$649,000
Sold Price
$649,000
Current Estimated Value
$823,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,229
Avg. Annual Appreciation
6.05%

Purchase Details

Closed on
Oct 7, 2013
Sold by
Engleman Scott
Bought by
Belas Jde and Belas Ann Marie

Purchase Details

Closed on
Jan 9, 1998
Sold by
Walsh Thomas
Bought by
Engleman Scott
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
254 Mechanic Street Llc $650,000 Fit Agency Llc
Belas Jde $370,000 Agent For Title Resources
Engleman Scott $93,930 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2021 09/27/21 Sold $649,000 0.0% $344 / Sq Ft
09/22/2021 09/22/21 For Sale $649,000 0.0% $344 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $649,000 0.0% $344 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $649,000 0.0% $344 / Sq Ft
02/29/2016 02/29/16 Rented $22,800 -2.6% --
05/15/2015 05/15/15 Rented $23,400 +122.9% --
04/15/2014 04/15/14 Rented $10,500 -- --
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 $13,827 $755,400 $407,800 $347,600
2024 $13,167 $732,000 $347,800 $384,200
2023 $13,167 $689,000 $315,400 $373,600
2022 $8,653 $656,600 $299,000 $357,600
2021 $8,497 $386,800 $239,200 $147,600
2020 $8,497 $374,000 $239,200 $134,800
2019 $8,176 $369,800 $239,200 $130,600
2018 $8,595 $393,000 $239,200 $153,800
2017 $8,271 $392,000 $239,200 $152,800
2016 $8,175 $388,000 $239,200 $148,800
2015 $7,650 $376,300 $279,200 $97,100
2014 $7,199 $376,300 $279,200 $97,100
Source: Public Records

Agents Affiliated with this Home

  • Paul Kiernan

    Seller's Agent in 2021

    Paul Kiernan

    RE/MAX

    (732) 492-7271

    2 in this area

    84 Total Sales

    Paul Kiernan
    Section Image
  • Robert Kosinski

    Buyer's Agent in 2021

    Robert Kosinski

    RE/MAX

    (732) 996-7448

    1 in this area

    264 Total Sales

    Robert Kosinski
    Section Image

  • S

    Buyer's Agent in 2015

    Steven Heath

    RealEstate.com

  • N

    Buyer's Agent in 2014

    Nicole DiPersio

    VRI Homes

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22121859

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00015-01-00040

New Jersey Monmouth County Red Bank 07701

254 Mechanic St Unit 256, Red Bank, NJ

This home is located at 254 Mechanic St Unit 256, Red Bank, NJ 07701 since 10 August 2021 and is currently estimated at $823,229, approximately $436 per square foot. This property was built in 1912. 254 Mechanic St Unit 256 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