NOT LISTED FOR SALE

31 N Bridge Ave Red Bank, NJ 07701

Estimated Value: $813,694 - $908,000

5 Beds
2 Baths
1,742 Sq Ft
$489/Sq Ft Est. Value

Last Sold November 02, 2020

Last sale price $530,000 $304 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $5,689/month

32 Days on Market

Highlights

  • Bay View
  • Custom Home
  • Attic
  • Red Bank Reg High School Rated A
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of November 2020

RARE FIND IN RED HOT RED BANK! 5 bedroom, 2 bath home with in-law suite and 2-zone heat! Zoned BR-1 Business/Residential with 2-family or mother/daughter possibilities and so much more. Light filled living room and dining room with hardwood floors and pocket doors. Front sun-room great for relaxing, reading a book or having your morning coffee. Large eat-in kitchen with plenty of cabinet and counter space. 3 bedrooms and 1 bathroom upstairs. In-law suite has 2 bedrooms, 1 bathroom, eat-in kitchen and separate entrance. Over-sized, corner lot with off-street parking with room for a garage. Attic access and basement for additional storage. Close proximity to NJ Transit Train, NYC high speed ferry, schools, transportation, shopping, beaches and all the Jersey shore has to offer!

Last Agent to Sell the Property

Michael Smith

Weichert Realtors-Middletown License #0893954 Listed on: 08/20/2020

Last Buyer's Agent

MaryBeth Tomaro

Keller Williams Realty West Monmouth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,627

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50 x 130
  • Fenced
  • Corner Lot

Home Design

  • Custom Home
  • Colonial Architecture
  • Shingle Roof
  • Asphalt Rolled Roof
  • Aluminum Siding

Interior Spaces

  • 1,742 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Light Fixtures
  • Bay Window
  • Window Screens
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Bay Views
  • Storm Doors
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • In-Law or Guest Suite
  • 2 Full Bathrooms
  • Primary Bathroom Bathtub Only

Unfinished Basement

  • Partial Basement
  • Crawl Space

Parking

  • No Garage
  • Parking Available
  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Exterior Lighting
  • Shed
  • Storage Shed
  • Porch

Schools

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

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 39-00004-0000-00010

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,627

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Corner Lot, Fenced Area
  • Inclusions: Outdoor Lighting, Ceiling Fan(s), Dishwasher, Light Fixtures, Microwave, Stove, Refrigerator, Screens, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Custom, Colonial
  • Reso Flooring: Ceramic Tile, Laminate, Tile, W/W Carpet, Wood
  • Reso Interior Features: Attic, Bay/Bow Window, Dec Molding, In-Law Suite, Recessed Lighting
  • Reso Other Structures: Storage Shed
  • Year Built: 1920
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Acreage: 0.15
  • General Property Info Lot Dimensions: 50 x 130
  • Location Middle School: Red Bank
  • Lot Description Corner Lot: Yes
  • 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 Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Out Buildings Storage Shed: Yes
  • Exterior Lighting: Yes
  • Exterior Shed: Yes
  • SidingAluminum: Yes
  • Interior Attic: Yes
  • Interior Dec Molding: Yes
  • Interior Recessed Lighting: Yes
  • Exterior Porch - Open: Yes
  • Included Light Fixtures: Yes
  • Garage None4: Yes
  • Included Ceiling Fan(s): Yes
  • Included Outdoor Lighting: Yes
  • Included Screens: Yes
  • Exterior Storm Door(s): Yes
  • Interior BayBow Window: Yes
  • Dining Room Dec Molding4: Yes
  • Parking Concrete: Yes
  • Roof Timberline: Yes
  • Interior In-Law Suite: Yes
  • Foyer Floor - Laminate: Yes
  • Living Room Dec Molding3: Yes
  • Floors Laminate: Yes
  • Kitchen Eat-In: Yes
  • Kitchen Floor - Laminate2: Yes
  • Kitchen Dec Molding5: Yes
  • Floors Tile: Yes
  • Living Room BayBow Window2: Yes
  • Foyer Dec Molding2: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Crawl Space, Partial, Unfinished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Total Bedrooms: 12
  • Stories: 2
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Crawl Space: Yes
  • Other Rooms:Sunroom: Yes
  • Appliances Included:Microwave: Yes
  • Basement:Unfinished: Yes
  • Other Rooms:Foyer: Yes
  • Kitchen Pantry: Yes
  • Basement:Partial: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bedroom Level:Second43: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bath:Tub: Yes

Exterior Features

  • Roof: Timberline, Shingle
  • Acres: 0.15
  • Topography: Level
  • Waterfront: No
  • Construction Type: Aluminum Siding
  • Exterior Features: Fence, Patio, Porch - Open, Shed, Storm Door(s), Lighting

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, Concrete, Driveway, Off Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking Driveway: Yes
  • Parking:Paved: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Red Bank

Lot Info

  • Lot Dimensions: 50 x 130
  • Lot Size Sq Ft: 6534.0
  • Parcel #: 39-00004-0000-00010
  • Zoning Description: Professional, Residential, Single Family, Retail, Conforming Use, Multi-Use, Mixed, Live-in Professional

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 9627.0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2020
Closed on
Oct 28, 2020
Sold by
Downey Raymond G and Downey Myroslava Lobur
Bought by
Solari Ventures Llc
Seller's Agent
Michael Smith
Weichert Realtors-Middletown
Buyer's Agent
MaryBeth Tomaro
Keller Williams Realty West Monmouth
List Price
$549,000
Sold Price
$530,000
Premium/Discount to List
-$19,000
-3.46%
Current Estimated Value
$851,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,174
Avg. Annual Appreciation
10.06%
Original Mortgage
$424,000
Outstanding Balance
$377,300
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$473,874

Purchase Details

Closed on
Sep 6, 2000
Sold by
Francesconi Robert
Bought by
Downey Raymond and Downey Myroslava

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,750
Interest Rate
8.1%
Source: Public Records

Range of Values:

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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
Solari Ventures Llc $530,000 Acres Land Title Agency Inc
Solari Ventures Llc $530,000 Land Title
Downey Raymond $277,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solari Ventures Llc $424,000
Closed Solari Ventures Llc $424,000
Previous Owner Downey Raymond $249,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2020 11/02/20 Sold $530,000 -3.5% $304 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
08/20/2020 08/20/20 For Sale $549,000 -- $315 / 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 $14,111 $827,300 $419,000 $408,300
2024 $14,040 $747,000 $303,000 $444,000
2023 $14,040 $734,700 $303,000 $431,700
2022 $10,543 $518,000 $281,600 $236,400
2021 $10,543 $474,000 $256,000 $218,000
2020 $10,017 $440,900 $256,000 $184,900
2019 $9,627 $435,400 $256,000 $179,400
2018 $9,378 $428,800 $256,000 $172,800
2017 $9,024 $427,700 $256,000 $171,700
2016 $8,917 $423,200 $256,000 $167,200
2015 $10,566 $519,700 $331,000 $188,700
2014 $9,942 $519,700 $331,000 $188,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22029166

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00004-0000-00010