NOT LISTED FOR SALE

316 Spring St Red Bank, NJ 07701

Estimated Value: $875,000 - $1,075,000

6 Beds
2 Baths
2,408 Sq Ft
$396/Sq Ft Est. Value

Last Sold April 12, 2019

Last sale price $581,250 $241 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $6,364/month

15 Days on Market

Highlights

  • Wood Flooring
  • Attic
  • Storm Windows
  • Red Bank Reg High School Rated A
  • Double-Wide Driveway
  • Patio

About This Home

As of April 2019

Two family home offering two niced sized three bedroom one bath units with spacious living room, eat-in kitchen and separate dining room in each unit. Newer kitchens in both units. Hardwood floors in the lower unit and under the carpet in the upper unit. Upper unit has central A/C. Full basement offers separate washers and dryers and extra storage. Two patios for the Tenants outdoor enjoyment in the fenced-in yard Each unit has separate meters for electric, gas and water. Live in one and rent the other or rent both. Currently tenant occupied in both units. Photos are before tenants moved in.

Last Agent to Sell the Property

Theresa Nesci

Coldwell Banker Realty Listed on: 01/24/2019

Last Buyer's Agent

Daniel Effenberger

O'Brien Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,130

Year Built

  • Built in 1975

Lot Details

  • Lot Dimensions are 49 x 92
  • Fenced
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 24 Parking Spaces
  • No Garage
  • Common or Shared Parking
  • Double-Wide Driveway
  • Paved Parking
  • On-Street Parking
  • Off-Street Parking
  • Assigned Parking

Schools

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

Utilities

  • Multiple cooling system units
  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • 2-Story Property
  • Patio
  • Attic

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Tenants personal belongings
  • Tenant pays for hot water, water, snow removal, sewer, heat, gas, electricity
  • The owner pays for grounds care, garbage removal
  • Assessor Parcel Number 39-00111-0000-00040-01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,130

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • ResoLotFeatures: Fenced Area, Level
  • Subdivision Name: None
  • Reso Flooring: Wood, Ceramic Tile
  • Reso Interior Features: Attic
  • New Construction: No
  • Year Built: 1975
  • 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
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 49 x 92
  • Location Middle School: Red Bank
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Lot Description Fenced Area: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Storm Window: Yes
  • General Property Info Handicap Access: No
  • Interior Attic: Yes
  • Garage None4: Yes
  • Exterior Storm Door(s): Yes
  • SidingBrick: Yes
  • Cooling Multi Units: Yes
  • General Property Info # Parking Spaces: 24.0
  • Parking Double Wide: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Basement Shared Storage3: Yes
  • Heating 2 Zoned Heat: Yes
  • Roof:Shingle3: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Shared Storage, Tenant Acc
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Door Features: Storm Door(s)
  • Stories: 2
  • Full Basement: Yes
  • Features Interior:Cable TV: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Fence
  • Waterfront: No
  • Exclusions: Tenants personal belongings
  • Construction Type: Other, Brick
  • Exterior Features: Storm Window
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, Common, Off Street, On Street, None, Assigned, Double Wide
  • Total Parking Spaces: 24.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • GarageParking:Common: Yes
  • Parking:Paved2: Yes
  • Parking:Assigned2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Multi Units
  • Cooling Y N: Yes
  • Heating: Forced Air, 2 Zoned Heat
  • HeatingYN: Yes
  • Utilities: Wired for Cable
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Red Bank

Lot Info

  • Lot Dimensions: 49 x 92
  • Parcel #: 39-00111-0000-00040-01
  • Zoning Description: Residential

Rental Info

  • Tenant Pays: Other, Hot Water, Water, Snow Removal, Sewer, Heat, Gas, Electricity
  • Owner Pays: Grounds Care, Garbage Removal

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 10130.0
  • Tax Other Annual Assessment Amount: 463200.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2019
Closed on
Apr 12, 2019
Sold by
Elassad Linda
Bought by
316 Spring Street Llc
Seller's Agent
Theresa Nesci
Coldwell Banker Realty
Buyer's Agent
Daniel Effenberger
O'Brien Realty, LLC
Sold Price
$581,250
Current Estimated Value
$952,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$371,705
Avg. Annual Appreciation
8.54%
Original Mortgage
$419,500
Outstanding Balance
$373,245
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$607,059

Purchase Details

Listed on
May 15, 2012
Closed on
Sep 13, 2012
Sold by
Dare Stephanie and Sabel Clementina A M
Bought by
Elassad Linda
Seller's Agent
Susan Holder
Two River Realty
Buyer's Agent
Gail Delia
Laurie Koziol Real Estate Inc
Sold Price
$470,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.28%
Original Mortgage
$305,500
Interest Rate
3.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 2005
Sold by
Estate Of Mary Krill
Bought by
Clemantina Sable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$469,342
Interest Rate
5.63%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
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
316 Spring Street Llc $581,250 Scott Title Services Llc
Elassad Linda $470,000 None Available
Clemantina Sable -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 316 Spring Street Llc $419,500
Previous Owner Elassad Linda $281,000
Previous Owner Elassad Linda $305,500
Previous Owner Clemantina Sable $469,342
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2019 04/12/19 Sold $581,250 0.0% $241 / Sq Ft
03/02/2013 03/02/13 Rented $1,950 +9.9% --
12/02/2012 12/02/12 Rented $1,775 0.0% --
09/13/2012 09/13/12 Sold $470,000 -- $195 / 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 $14,057 $820,200 $324,500 $495,700
2023 $14,057 $735,600 $324,500 $411,100
2022 $13,308 $665,800 $272,300 $393,500
2021 $13,308 $594,900 $236,700 $358,200
2020 $12,805 $563,600 $236,700 $326,900
2019 $10,434 $471,900 $236,700 $235,200
2018 $10,130 $463,200 $236,700 $226,500
2017 $9,742 $461,700 $236,700 $225,000
2016 $8,980 $426,200 $207,000 $219,200
2015 $9,273 $456,100 $258,200 $197,900
2014 $9,678 $505,900 $287,000 $218,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21903179

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00111-0000-00040-01