NOT LISTED FOR SALE

387 Schoolhouse Rd Monroe Township, NJ 08831

Estimated Value: $782,000 - $932,000

4 Beds
2.5 Baths
-- Sq Ft
3.6 Acres

Last Sold July 28, 2023

Last sale price $805,000

Est. 6% increase in value since last sale

Current estimated payment $5,591/month

7 Days on Market

Highlights

  • Lake Front
  • Heated In Ground Pool
  • 3.6 Acre Lot
  • Barclay Brook Elementary School Rated A-
  • Lake On Lot
  • New Kitchen

About This Home

As of July 2023

Showings start 5-19-2023...Amazing, Presidential 4 bed Estate Ranch located on 3.6 Lavish Acres with Private Resort (heated In-Ground Pool) & Lake. This Artist Renovated, Custom Home is Located on Beautiful Professionally Landscaped Grounds*The vaulted ceiling open floor plan is filled with sunlight. Ornate designer moldings and tiles fill the foyer, living room, dining room, hallway, and kitchen*The gourmet kitchen is one of a kind. Stainless steel Viking & Thermidor appliances gracefully finish the Chef's space. Custom 42 inch cabinets, designer backsplash, center island, designer lights, and custom granite bar-high table is a work of art. The 6 burner stove has its own faucet. The sliders lead to your very own private resort*Stunning office*Spacious family room leads to custom Deck* *Designer baths with soaking tub, custom tiles, glass enclosed shower, designer plumbing & lighting, beautiful vanities*The kings suite with sitting room soaks in light with the oversize custom picture window. Vaulted ceilings open the space and custom closet organizers for convenience*The finished basement has both inside & outside entrances. The second kitchen and full bath, den and multiple rooms make this space a beautiful living area*Picturesque land with private lake and fenced in resort. Vacation at home with the heated-inground pool, paver patios & paths, open porch, deck, and pergola for entertaining. Sit back and admire your 3.6 Acres in the middle of Beautiful Monroe*2 car oversized garage with insulated power door and side man door* -Upgrades Include: gourmet kitchens, bathrooms, furnace, hot water heater, mostly Anderson-windows, and sliders, roof, siding, stucco, Generac generator, 18 inch porcelain floors through entry-living room-dining room-kitchen-hallway, multi zone radiant heat, multi zone air condition, pool liner, top of the line appliances, designer paints, ornate moldings-medallions-columns throughout, designer plumbing fixtures, designer light fixtures, recessed lights, Aprilaire dehumidifier, flooring, doors, hardware, deck, etc..*You can use the guest suite/Au pair suite/Maids quarters set up if needed*Public water & public sewer have been added*rocks & water line ready to finish waterfall*Variance needed to build additional house on lot...Apply for farm assessment..Don't miss this Opportunity.

Last Agent to Sell the Property

Joseph Marascio

RE/MAX Innovation License #9910677 Listed on: 05/19/2023

RE/MAX Innovation

Last Buyer's Agent

Venetoula Zamarra

Keller Williams Realty West Monmouth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,578

Year Built

  • Built in 1972

Lot Details

  • 3.6 Acre Lot
  • Lake Front
  • Fenced
  • Oversized Lot

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Double-Wide Driveway
  • Paver Block

Home Design

  • Shingle Roof
  • Aluminum Siding
  • Vinyl Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Light Fixtures
  • Wood Burning Fireplace
  • French Doors
  • Sliding Doors
  • Den
  • Bonus Room
  • Water Views

Kitchen

  • New Kitchen
  • Eat-In Kitchen
  • Built-In Oven
  • Stove
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Porcelain Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Maid or Guest Quarters
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer

Partially Finished Basement

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

Pool

  • Heated In Ground Pool
  • Outdoor Pool

Outdoor Features

  • Lake On Lot
  • Patio
  • Shed
  • Storage Shed
  • Porch

Schools

  • Monroe Twp High School

Utilities

  • Zoned Heating and Cooling
  • Radiant Heating System
  • Baseboard Heating
  • Power Generator
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 12-00052-0000-00004-6

Community Details

Overview

  • No Home Owners Association
  • Monroe Subdivision, Estate Floorplan

Recreation

  • Recreational Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,578

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Model: Estate
  • ResoLotFeatures: Oversized, See Remarks, Fenced Area, Lake
  • ResoPoolFeatures: Heated, In Ground
  • Inclusions: Washer, Wall Oven, Ceiling Fan(s), Dishwasher, Dryer, Light Fixtures, Microwave, Stove, Stove Hood, Refrigerator, Generator
  • Subdivision Name: Monroe
  • Architectural Style: Ranch
  • Reso Flooring: Porcelain, Wood
  • Reso Interior Features: Bonus Room, Built-Ins, Dec Molding, Den, French Doors, Housekeeper Qtrs, In-Law Suite, Sliding Door, Recessed Lighting
  • Reso Other Structures: Storage Shed
  • Year Built: 1972
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: Yes
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • Floors Porcelain: Yes
  • Kitchen Center Island: Yes
  • ExteriorPatio: Yes
  • Exterior Swimming: Yes
  • Pool Heated3: Yes
  • General Property Info Acreage: 3.6
  • Kitchen Newer: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Lot Description Fenced Area: Yes
  • Included Stove: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Out Buildings Storage Shed: Yes
  • Exterior Shed: Yes
  • Parking Asphalt: Yes
  • Parking Double Wide Drive: Yes
  • SidingAluminum: Yes
  • General Property Info # Fireplaces: 1.0
  • Interior Dec Molding: Yes
  • Interior French Doors: Yes
  • Interior Recessed Lighting: Yes
  • Exterior Porch - Open: Yes
  • Interior Den: Yes
  • Included Light Fixtures: Yes
  • Included Stove Hood: Yes
  • Included Ceiling Fan(s): Yes
  • Kitchen Sliding Door5: Yes
  • Dining Room Dec Molding4: Yes
  • Kitchen GraniteStone Counter: Yes
  • Style Ranch: Yes
  • Lot Description Oversized3: Yes
  • Utilities Included Generator: Yes
  • Living Room Fireplace - Woodburning2: Yes
  • Interior In-Law Suite: Yes
  • Living Room Dec Molding3: Yes
  • Kitchen Eat-In: Yes
  • Kitchen Dec Molding5: Yes
  • Basement Heated: Yes
  • Garage Oversized: Yes
  • Parking Oversized2: Yes
  • Parking Paver Block: Yes
  • Foyer Floor - Porcelain: Yes
  • Living Room Floor - Porcelain2: Yes
  • Dining Room Floor - Porcelain3: Yes
  • Kitchen Floor - Porcelain4: Yes
  • Interior Bonus Room: Yes
  • Exterior Rec Area: Yes
  • GreatFamily Room French Doors4: Yes
  • Foyer Dec Molding2: Yes
  • SidingStucco: Yes
  • Interior Housekeeper Qtrs: Yes
  • Lot Description Lake2: Yes
  • Water Type Lake: Yes
  • Heating 3 Zoned Heat: Yes
  • Cooling 4 Zone AC: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Heated, Partially Finished, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Stories: 2
  • Full Basement: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Basement:Walk-Out Access: Yes
  • Basement:Partially Finished: Yes
  • Kitchen Pantry: Yes
  • Appliances Included:Wall Oven: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 3.6
  • Waterfront Features: Lake
  • Waterfront: No
  • Construction Type: Aluminum Siding
  • Exterior Features: Fence, Patio, Porch - Open, Rec Area, Shed, Swimming, Other
  • Exterior Features:Pool-In Ground: Yes
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Paver Block, Asphalt, Double Wide Drive, Driveway, Oversized
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 4 Zone AC
  • Cooling Y N: Yes
  • Heating: Radiant, Baseboard, 3+ Zoned Heat
  • HeatingYN: Yes
  • Heating:Baseboard: Yes
  • Heating:Radiant: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 156816.0
  • Parcel #: 12-00052-0000-00004-6
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 11578.0

MLS Schools

  • High School: Monroe Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2023
Closed on
Jul 19, 2023
Sold by
Casazza Lawrence and Casazza Colleen
Bought by
Palermo Nicholas
Seller's Agent
Joseph Marascio
RE/MAX Innovation
Buyer's Agent
Venetoula Zamarra
Keller Williams Realty West Monmouth
List Price
$774,900
Sold Price
$805,000
Premium/Discount to List
$30,100
3.88%
Views
139
Current Estimated Value
$851,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,611
Avg. Annual Appreciation
2.69%
Original Mortgage
$603,750
Outstanding Balance
$589,630
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$261,981

Purchase Details

Closed on
Jul 12, 2001
Sold by
Nakash Robert
Bought by
Casazza Lawrence and Casazza Colleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
7.21%
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
Palermo Nicholas $805,000 None Listed On Document
Palermo Nicholas $805,000 None Listed On Document
Casazza Lawrence $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palermo Nicholas $603,750
Closed Palermo Nicholas $603,750
Previous Owner Casazza Lawrence $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold $805,000 +3.9% --
05/26/2023 05/26/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $774,900 -- --
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 $12,650 $437,400 $208,000 $229,400
2024 $11,793 $437,400 $208,000 $229,400
2023 $11,793 $422,400 $208,000 $214,400
2022 $11,578 $422,400 $208,000 $214,400
2021 $8,634 $422,400 $208,000 $214,400
2020 $11,532 $422,400 $208,000 $214,400
2019 $11,261 $422,400 $208,000 $214,400
2018 $11,143 $422,400 $208,000 $214,400
2017 $10,974 $422,400 $208,000 $214,400
2016 $10,801 $422,400 $208,000 $214,400
2015 $10,530 $422,400 $208,000 $214,400
2014 $10,159 $422,400 $208,000 $214,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22312856

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 12-00052-0000-00004-6