NOT LISTED FOR SALE

40 Madison Ct Tinton Falls, NJ 07712

Estimated Value: $472,000 - $492,000

2 Beds
2.5 Baths
1,581 Sq Ft
$307/Sq Ft Est. Value

Last Sold October 21, 2020

Last sale price $315,000 $199 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,272/month

75 Days on Market

Highlights

  • Loft
  • Skylights
  • Walk-In Closet
  • End Unit
  • Tray Ceiling
  • Breakfast Bar

About This Home

As of October 2020

Don't Miss this End Unit Townhome in Park Place II! Features Include Eat-in Kitchen w/Stainless Steel Appliances w/Breakfast Bar-Open to Separate Dining Room. Bright Open Living Room w/ Gas Fireplace & 2 Sets of Sliders to Large Extended Private Patio. Tons of natural light throughout this home. Huge Master Bedroom Suite w/Vaulted Ceiling, Wall of Windows & Walk-In Closet. Master Bath has Luxurious Jacuzzi Jetted Tub, Shower & Double Sinks. Sizeable 2nd Bedroom w/Closets & Full Bathroom in the Hall. 3rd Floor Loft with a Bonus Room...Great for Home Gym or Office! Plenty of Storage Space. This community is approved for VA and FHA loans. Park Place II is within minutes to the GSP, Route 18, Jersey Shore Outlets, fantastic restaurants and our great beaches. Pet friendly community.

Last Agent to Sell the Property

Chris Katz

RE/MAX Synergy Listed on: 06/17/2020

Last Buyer's Agent

Rochelle Klein

RE/MAX Central License #0676011

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,368

Lot Details

  • 741

HOA Fees

  • $217 Monthly HOA Fees

Home Design

  • Shingle Roof

Interior Spaces

  • 3-Story Property
  • Tray Ceiling
  • Skylights
  • Gas Fireplace
  • Sliding Doors
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Loft
  • Bonus Room
  • Ceramic Tile Flooring
  • Breakfast Bar
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom Bathtub Only
  • Primary Bathroom includes a Walk-In Shower

Parking

  • Visitor Parking
  • Assigned Parking

Schools

  • Tinton Falls Middle School

Utilities

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

Additional Features

  • Patio
  • End Unit

Listing and Financial Details

  • Assessor Parcel Number 49-00124-51-00018

Community Details

Overview

  • Front Yard Maintenance
  • Association fees include trash, common area, exterior maint, fire/liab, lawn maintenance, mgmt fees, snow removal
  • Park Place II Subdivision
  • On-Site Maintenance

Amenities

  • Common Area

Recreation

  • Snow Removal

Pet Policy

  • Dogs Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,368

Lot Details

0

HOA Fees

$217 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Reso Association Amenities: Common Area
  • Reso Association Fee Includes: Trash, Common Area, Exterior Maint, Fire/Liab, Lawn Maintenance, Mgmt Fees, Snow Removal
  • Subdivision Name: Park Place II
  • Architectural Style: End Unit, Townhouse
  • Reso Interior Features: Bonus Room, Loft, Skylight, Sliding Door, Breakfast Bar
  • Property Attached Yn: Yes
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info Assigned Parking: Yes
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • Ownership Type Condominium: Yes
  • Style Attached2: Yes
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • Common Elements Common Area: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Exterior Maint: Yes
  • Location Middle School: Tinton Falls
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Laundry: Yes
  • Rooms Living Room: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info # Fireplaces: 1.0
  • Allowable Dogs: Yes
  • Style Townhouse: Yes
  • Living Room Fireplace - Gas7: Yes
  • Kitchen Floor - Ceramic4: Yes
  • Rooms Bonus Room2: Yes
  • Kitchen Breakfast Cntr: Yes
  • Interior Loft: Yes
  • Living Room Sliding Door2: Yes
  • Rooms Loft2: Yes
  • Style End Unit: Yes
  • Interior Bonus Room: Yes
  • Parking Visitor: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 3
  • Basement:None2: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Foyer: Yes
  • Features Interior:Skylight: Yes
  • Primary Bedroom Level:Second43: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bedroom:TRYVLTCATH3: Yes
  • Primary Bath:Tub: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bath Double Sinks: Yes
  • Primary Bath Skylight6: Yes
  • Primary Bath TRYVLTCATH2: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exterior Features: Patio

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Assigned, Visitor
  • General Property Info:Garage: No
  • Parking:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: 217.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Fee Includes Lawn Maintenance: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes
  • Association Fee Includes:Trash: Yes

Schools

  • Middle Or Junior School: Tinton Falls

Lot Info

  • Parcel #: 49-00124-51-00018
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 5368.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2020
Closed on
Oct 21, 2020
Sold by
Stevenson Dawn M and Stevenson Beverly A
Bought by
Menjivar Herbert
Seller's Agent
Chris Katz
RE/MAX Synergy
Buyer's Agent
Rochelle Klein
RE/MAX Central
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%
Current Estimated Value
$485,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,173
Avg. Annual Appreciation
8.78%
Original Mortgage
$252,000
Outstanding Balance
$224,141
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$261,032

Purchase Details

Closed on
Jun 29, 2005
Sold by
Shephard Michael
Bought by
Stevenson Dawn M and Stevenson Beverly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,400
Interest Rate
5.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2001
Sold by
Mckenna William
Bought by
Shepard Michael and Tirado Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,600
Interest Rate
6.86%

Purchase Details

Closed on
May 30, 1995
Sold by
Hovbilt Inc
Bought by
Mckenna William and Harris Kay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
8.24%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Menjivar Herbert $315,000 None Available
Menjivar Herbert $315,000 Land Title
Stevenson Dawn M $313,000 --
Shepard Michael $194,900 --
Mckenna William $128,157 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Menjivar Herbert $252,000
Closed Menjivar Herbert $252,000
Previous Owner Stevenson Dawn M $250,400
Previous Owner Shepard Michael $174,600
Previous Owner Mckenna William $122,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2020 10/21/20 Sold $315,000 -1.3% $199 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
07/27/2020 07/27/20 Price Changed $319,000 -1.8% $202 / Sq Ft
06/17/2020 06/17/20 For Sale $325,000 -- $206 / 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 $6,120 $460,300 $245,500 $214,800
2024 $5,813 $425,300 $215,500 $209,800
2023 $5,813 $380,900 $175,000 $205,900
2022 $5,381 $311,100 $115,000 $196,100
2021 $5,368 $279,400 $105,000 $174,400
2020 $5,494 $275,400 $105,000 $170,400
2019 $5,368 $269,500 $100,000 $169,500
2018 $5,241 $262,300 $100,000 $162,300
2017 $5,172 $252,400 $95,000 $157,400
2016 $5,102 $243,400 $90,000 $153,400
2015 $4,995 $241,300 $90,000 $151,300
2014 $5,094 $235,400 $70,000 $165,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22019717

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 49-00124-51-00018