$534,900
SOLD JUN 28, 2016

31 Riverside Ave Red Bank, NJ 07701

6 Beds
4 Baths
3,157 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$169 Per Sq Ft

18 Days on Market

Highlights

  • Wood Flooring
  • Storm Doors
  • Heating System Uses Natural Gas
  • Red Bank Reg High School Rated A

About This Home

As of June 2016

A rare offering in Red Bank---the perfect investment property! Four family property in the prime location right by the Antique District. House offers two 2 bedroom and two 1 bedroom units. Separate furnaces & elec. meters. and off street parking. The basement has been cleaned out and painted which now offers potential for additional rent as a storage space! Investors: the cap rate of this property is approx. 8%! Fully rented with many recent updates including a new fire alarm system, kitchen cabinets, backsplashes and appliances in some units, as well as flooring and painting. The prime investment for the anyone looking to own an income producing property in Red Bank where the numbers actually make sense! Call to arrange a showing today!

Last Agent to Sell the Property

Janet Klein

VRI Homes Listed on: 04/29/2016

Co-Listed By

Michele Irizarry

Shore Prime Properties LLC License #0234697

Last Buyer's Agent

Philip VonSchondorf

Two River Realty License #0122248

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,692

Parking

  • Off-Street Parking

Home Design

  • Quadruplex

Interior Spaces

  • 2-Story Property
  • Window Screens
  • Storm Doors
  • Stove

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

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

Utilities

  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Natural Gas Water Heater

Additional Features

  • Exterior Lighting
  • Lot Dimensions are 58 x 107

Listing and Financial Details

  • Exclusions: Tenant's Personal Belongings
  • Assessor Parcel Number 39-00006-0000-00010

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $2,400
  • Maintenance Expense $1,000
  • Water Sewer Expense $1,000
  • Gross Income $41,000
  • Net Operating Income $56,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,692

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Income And Expenses Maintenance Expense: 1000.0
  • Co List Office Mls Id: 2532
  • Co List Office Phone: 800-531-2885
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Wood, Laminate, Ceramic Tile
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 58 x 107
  • Location Middle School: Red Bank
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Exterior Storm Door(s): Yes
  • Unit 1 Electric Meter: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 1 Furnace: Yes
  • Floors Laminate2: Yes
  • Income Expenses Insurance Expense: 2400.0
  • Income Expenses WaterSewer Expense: 1000.0
  • Income Expenses Gross Income2: 41000.0
  • Income Expenses Net Income: 56400.0
  • Unit 1 Gas Stove: Yes
  • Unit 4 Furnace10: Yes
  • Unit 4 Gas Stove10: Yes
  • Exterior Screens2: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access, Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Stories: 2
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Waterfront: No
  • Exclusions: Tenant's Personal Belongings
  • Exterior Features: Storm Door(s), Screens, Lighting

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 1000.0

Schools

  • Middle Or Junior School: Red Bank

Lot Info

  • Lot Dimensions: 58 x 107
  • Parcel #: 39-00006-0000-00010

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 11692.0
  • Tax Other Annual Assessment Amount: 575100.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 41000.0
  • Insurance Expense: 2400.0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2018
Sold by
Schnurr Raffaella
Bought by
Square One Capital Llc

Purchase Details

Closed on
Dec 12, 2016
Sold by
Schnurr Michael
Bought by
Schnurr Raffaella

Purchase Details

Listed on
Apr 29, 2016
Closed on
Jun 21, 2016
Sold by
Jaremba Richard A and Jaremba Marlene
Bought by
Schnurr Michael
Seller's Agent
Janet Klein
VRI Homes
Buyer's Agent
Philip VonSchondorf
Two River Realty
Sold Price
$534,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.91%

Purchase Details

Listed on
May 3, 2014
Closed on
Jul 31, 2014
Sold by
Healy John and Healy Mary
Bought by
Jaremba Richard A and Jaremba Marlene
Seller's Agent
Janet Klein
VRI Homes
Buyer's Agent
Janet Klein
Dana Realty
Sold Price
$435,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.43%
Original Mortgage
$326,250
Interest Rate
4.09%
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 Type Sale Price Title Company
Deed -- None Available
Interfamily Deed Transfer -- None Available
Deed $534,900 None Available
Bargain Sale Deed $435,000 Agent For Chicago Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $328,250 Commercial
Previous Owner $326,250 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 Pending -- -- --
06/12/2025 06/12/25 For Sale $1,275,000 +138.4% $404 / Sq Ft
06/28/2016 06/28/16 Sold $534,900 0.0% $169 / Sq Ft
11/17/2014 11/17/14 Rented $975 0.0% --
07/31/2014 07/31/14 Sold $435,000 -- $138 / 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 $12,595 $669,100 $307,000 $362,100
2023 $12,595 $659,100 $307,000 $352,100
2022 $12,661 $622,100 $285,100 $337,000
2021 $12,661 $566,000 $259,200 $306,800
2020 $12,251 $539,200 $259,200 $280,000
2019 $11,736 $530,800 $259,200 $271,600
2018 $11,388 $520,700 $259,200 $261,500
2017 $10,411 $493,400 $259,200 $234,200
2016 $9,294 $441,100 $259,200 $181,900
2015 $11,692 $575,100 $334,200 $240,900
2014 $11,002 $575,100 $334,200 $240,900
Source: Public Records

Agents Affiliated with this Home

  • Jacob Khodakov

    Seller's Agent in 2025

    Jacob Khodakov

    Signature Realty NJ

    (646) 894-5520

    133 Total Sales

    Section Image

  • J

    Seller's Agent in 2016

    Janet Klein

    VRI Homes

  • Michele Irizarry

    Seller Co-Listing Agent in 2016

    Michele Irizarry

    Shore Prime Properties LLC

    (732) 823-2483

    2 in this area

    80 Total Sales

    Section Image
  • Philip VonSchondorf

    Buyer's Agent in 2016

    Philip VonSchondorf

    Two River Realty

    (732) 233-9504

    3 in this area

    38 Total Sales

    Section Image

  • D

    Buyer's Agent in 2014

    Debbie Klein

    Shore Prime Properties LLC

    (732) 842-5656

    26 Total Sales

    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21616845

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00006-0000-00010

New Jersey Monmouth County Red Bank 07701

31 Riverside Ave, Red Bank, NJ

This home is located at 31 Riverside Ave, Red Bank, NJ 07701 and is currently priced at $534,900, approximately $169 per square foot. 31 Riverside 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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