NOT LISTED FOR SALE

295 Shrewsbury Ave Red Bank, NJ 07701

Estimated Value: $631,521 - $731,000

2 Beds
1 Bath
1,760 Sq Ft
$380/Sq Ft Est. Value

Last Sold May 28, 2019

Last sale price $372,000 $211 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $4,409/month

19 Days on Market

Highlights

  • Forced Air Zoned Heating System
  • Level Lot
  • 1-minute walk to Johnny Jazz Park
  • Red Bank Reg High School Rated A

About This Home

As of May 2019

Great income opportunity, Both apartments rented to good tenants with great payment history. Most systems upgraded over past several years including new roof, windows, one of the kitchens, baths, both hot water heaters, exterior vinyl siding, stucco repair and paint.Property received multiple offers and is in attorney review. As per Owner, no more showings. Thank you.

Last Agent to Sell the Property

Santo Dalmazio

American Realty Associates License #0341584 Listed on: 02/27/2019

Last Buyer's Agent

Santo Ted Dalmazio

Andrew J. Lenza Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,689

Year Built

  • Built in 1915

Lot Details

  • Lot Dimensions are 28 x 100
  • Level Lot

Home Design

  • Duplex
  • Asphalt Rolled Roof
  • Stucco Exterior

Interior Spaces

  • 1,760 Sq Ft Home
  • 2-Story Property
  • Insulated Windows
  • Basement
  • Crawl Space
  • Stove

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 4 Parking Spaces
  • No Garage
  • Unpaved Parking
  • Open Parking

Schools

  • Red Bank Prm Elementary School
  • Red Bank Middle School
  • Red Bank Reg High School

Utilities

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

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 39-00091-0000-00031

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,800
  • Water Sewer Expense $1,200
  • Gross Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,689

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • New Construction: No
  • ResoWindowFeatures: Insulated Windows
  • Year Built: 1915
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 28 x 100
  • Location Middle School: Red Bank
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • Roof Timberline: Yes
  • Parking Unpaved: Yes
  • Siding Stucco - Cement: Yes
  • General Property Info # Parking Spaces: 4.0
  • Income Expenses Insurance Expense: 1800.0
  • Income Expenses WaterSewer Expense: 1200.0
  • Income Expenses Gross Income2: 38400.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Timberline
  • Waterfront: No
  • Construction Type: Stucco

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Open, None, Unpaved
  • Total Parking Spaces: 4.0
  • General Property Info:Garage: No
  • Parking Open: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, HWBB, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

  • Middle Or Junior School: Red Bank

Lot Info

  • Lot Dimensions: 28 x 100
  • Parcel #: 39-00091-0000-00031
  • Zoning Description: Residential, Multi-Use

Green Features

  • Energy Features Insulated Windows: Yes

Rental Info

  • Tenant Pays: Gas, Electricity
  • Owner Pays: Water, Sewer

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4689.0
  • Tax Other Annual Assessment Amount: 214400.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 38400.0
  • Insurance Expense: 1800.0

MLS Schools

  • Elementary School: Red Bank Prm
  • High School: Red Bank Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2019
Closed on
May 28, 2019
Sold by
Corbett William P and Corbett Rosaleen
Bought by
Bass Igor and Bass Maryana
Seller's Agent
Santo Dalmazio
American Realty Associates
Buyer's Agent
Santo Ted Dalmazio
Andrew J. Lenza Realty
Sold Price
$372,000
Current Estimated Value
$669,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,130
Avg. Annual Appreciation
9.73%
Original Mortgage
$279,000
Outstanding Balance
$247,833
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$416,928

Purchase Details

Closed on
Dec 5, 2016
Sold by
Corbett Nicole and Corbett William
Bought by
Corbett William P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,111
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 28, 2004
Sold by
Honymar Richard
Bought by
Corbett Nicole and Corbett William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
6.2%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Bass Igor $372,000 Rms Title Services Llc
Corbett William P $310,000 None Available
Corbett Nicole $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bass Igor $279,000
Previous Owner Corbett William P $268,111
Previous Owner Corbett Nicole $298,500
Previous Owner Corbett Nicole $64,150
Previous Owner Corbett Nicole $243,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2019 05/28/19 Sold $372,000 -- $211 / 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
2024 $9,159 $550,100 $200,000 $350,100
2023 $9,159 $479,300 $130,400 $348,900
2022 $8,836 $451,000 $117,000 $334,000
2021 $8,836 $395,000 $78,000 $317,000
2020 $8,345 $367,300 $78,000 $289,300
2019 $4,855 $219,600 $78,000 $141,600
2018 $4,689 $214,400 $78,000 $136,400
2017 $4,083 $193,500 $58,000 $135,500
2016 $4,214 $200,000 $68,000 $132,000
2015 $4,275 $210,300 $119,000 $91,300
2014 $4,960 $259,300 $168,000 $91,300
Source: Public Records

Agents Affiliated with this Home

  • Santo Dalmazio

    Seller's Agent in 2019

    Santo Dalmazio

    American Realty Associates

    (732) 946-2200

    4 Total Sales

    Santo Dalmazio
    Section Image

  • S

    Buyer's Agent in 2019

    Santo Ted Dalmazio

    Andrew J. Lenza Realty

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21907806

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00091-0000-00031

New Jersey Monmouth County Red Bank 07701

295 Shrewsbury Ave, Red Bank, NJ

This home is located at 295 Shrewsbury Ave, Red Bank, NJ 07701 since 27 February 2019 and is currently estimated at $669,130, approximately $380 per square foot. This property was built in 1915. 295 Shrewsbury 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.

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.

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