NOT LISTED FOR SALE

32 W Front St Unit E Red Bank, NJ 07701

Estimated Value: $713,000 - $1,014,062

3 Beds
4 Baths
2,580 Sq Ft
$324/Sq Ft Est. Value

Last Sold October 20, 2023

Last sale price $620,000 $240 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,586/month

7 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Forced Air Heating System
  • Red Bank Reg High School Rated A
  • Cooling Available
  • 3-minute walk to Marine Park

About This Home

As of October 2023

Income producing 4 unit condo. Consisting of 2 offices and 2 residential units of a 2BR and a studio apartment. The studio has river views from the deck. Third floor office w/full bath. 2nd floor furnished office. All units fully rented. Condo assoc. provides full insurance on the building, business and personal injury liability. Association also responsible for maintenance including roof, exterior painting, windows, doors and snow removal. Also included is common area maintenance including heating and lighting in all units.

Last Agent to Sell the Property

Eleanor Murphy

Better Homes and Gardens Real Estate Murphy & Co. License #1642827 Listed on: 06/05/2023

Better Homes and Gardens Real Estate Murphy & Co.

Last Buyer's Agent

Margaret O'Neill

Corcoran Baer & McIntosh License #8731884

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,318

Year Built

  • Built in 2003

Lot Details

  • 1,307 Sq Ft Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 2,580 Sq Ft Home
  • 2-Story Property
  • Water Views

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Exclusions: Tenants personal property
  • Assessor Parcel Number 39-00008-0000-00016-0000-C000E

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,318

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • Reso Flooring: Wood, Ceramic Tile
  • New Construction: No
  • Year Built: 2003
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Location Middle School: Red Bank
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • SidingBrick: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Stories: 2
  • BasementOther: Yes

Exterior Features

  • Roof: Flat
  • Acres: 0.03
  • Waterfront: No
  • Exclusions: Tenants personal property
  • Construction Type: Brick
  • ConstructionSiding:Stone: Yes
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Red Bank

Lot Info

  • Lot Size Sq Ft: 1306.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 39-00008-0000-00016-0000-C000E
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 14318.0
  • Tax Other Annual Assessment Amount: 713400.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2024
Sold by
Jesse A Howland & Sons Inc
Bought by
Toll Sea Bright Urban Renewal Llc
Current Estimated Value
$836,516

Purchase Details

Closed on
Aug 17, 2023
Sold by
River Walk Commons Red Bank Limited Liab
Bought by
32 West Front Rb Llc and Ajc Constantine Flp

Purchase Details

Closed on
May 13, 2019
Sold by
Riverwalk Commons Red Bank Llc
Bought by
River Walks Commons Red Bank Llc

Purchase Details

Closed on
Apr 15, 2016
Sold by
Riverwalk Commons Red Ban K Llc
Bought by
River Walk Commons Red Ba Nk Limited L I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,427
Interest Rate
3.58%

Purchase Details

Closed on
Jun 28, 2006
Sold by
River Walk Developers Inc
Bought by
Riverwalk Commons Red Bank Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2001
Sold by
Riverwalk Dev Inc
Bought by
River Walk Dev Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Toll Sea Bright Urban Renewal Llc $420,120 Chicago Title
32 West Front Rb Llc $620,000 First American Title
32 West Front Rb Llc $620,000 First American Title
River Walks Commons Red Bank Llc -- None Available
River Walk Commons Red Ba Nk Limited L I -- --
Riverwalk Commons Red Bank Llc -- --
River Walk Dev Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner River Walk Commons Red Ba Nk Limited L I $445,427
Previous Owner River Walk Commons Red Ba Nk Limited L I --
Previous Owner Riverwalk Commons Red Bank Llc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2023 10/20/23 Sold $620,000 +4.2% $240 / Sq Ft
06/12/2023 06/12/23 Pending -- -- --
06/05/2023 06/05/23 For Sale $595,000 -- $231 / 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 $13,815 $620,000 $418,000 $202,000
2024 $13,815 $620,000 $418,000 $202,000
2023 $13,815 $722,900 $418,000 $304,900
2022 $14,592 $713,400 $418,000 $295,400
2021 $14,592 $652,300 $380,000 $272,300
2020 $14,300 $629,400 $380,000 $249,400
2019 $13,814 $624,800 $380,000 $244,800
2018 $11,644 $532,400 $300,000 $232,400
2017 $11,257 $533,500 $300,000 $233,500
2016 $11,169 $530,100 $300,000 $230,100
2015 $11,653 $573,200 $250,000 $323,200
2014 $10,965 $573,200 $250,000 $323,200
Source: Public Records

Agents Affiliated with this Home

  • Eleanor Murphy

    Seller's Agent in 2023

    Eleanor Murphy

    Better Homes and Gardens Real Estate Murphy & Co.

    (732) 741-3030

    8 in this area

    79 Total Sales

    Eleanor Murphy
    Section Image

  • M

    Buyer's Agent in 2023

    Margaret O'Neill

    Corcoran Baer & McIntosh

    (732) 567-1463

    1 in this area

    7 Total Sales

    Margaret O'Neill
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22315155

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00008-0000-00016-0000-C000E

New Jersey Monmouth County Red Bank 07701

32 W Front St Unit E, Red Bank, NJ

This home is located at 32 W Front St Unit E, Red Bank, NJ 07701 since 05 June 2023 and is currently estimated at $836,516, approximately $324 per square foot. This property was built in 2003. 32 W Front St Unit E 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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