NOT LISTED FOR SALE

40 Monroe Ave Shrewsbury, NJ 07702

Estimated Value: $630,000 - $700,000

3 Beds
2 Baths
1,248 Sq Ft
$532/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $500,000 $401 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,411/month

7 Days on Market

Highlights

  • Stream or River on Lot
  • Backs to Trees or Woods
  • Mud Room
  • Shrewsbury Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of August 2021

OPPORTUNITY KNOCKS TO OWN this totally updated charming home on a dead end Street! Pride in ownership shines in the details: featuring hardwood floors throughout, tiled kitchen & bathroom fls, recessed lighting, updated electric, plumbing, insulation, an attractive white kitchen with stainless appliances, subway tile backsplash, cement countertops with epoxy coating, bathrooms are tastefully finished. newer roof, a tankless w/heater! This 3 bed, 2 full bath home, features an open concept, functional floor plan with detached garage, full basement, private deck and backyard with woods beyond it. Just perfect for relaxing and entertaining! Close to shopping, dining, Red Hot Red Bank, commuter options & Jersey Beaches! This home will not last. Schedule a showing!

Last Agent to Sell the Property

Joyce Fernandes

Berkshire Hathaway HomeServices Fox & Roach- Shrewsbury Listed on: 07/08/2021

Last Buyer's Agent

Christopher Jarahian

Ward Wight Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,991

Year Built

  • Built in 1935

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Fenced
  • Backs to Trees or Woods

Parking

  • 1 Car Detached Garage
  • Driveway
  • On-Street Parking

Home Design

  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 1,248 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Light Fixtures
  • Mud Room
  • Living Room
  • Dining Room
  • Unfinished Basement

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Stream or River on Lot
  • Exterior Lighting

Schools

  • Shrewsbury Bor Elementary And Middle School
  • Red Bank Reg High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Tankless Water Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 44-00037-0000-00014

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,991

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Back to Woods, Stream
  • Inclusions: Outdoor Lighting, Washer, Dishwasher, Dryer, Light Fixtures, Refrigerator, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Detached, Ranch
  • Reso Flooring: Cement
  • Reso Interior Features: Attic - Other, Breakfast Bar, Recessed Lighting
  • New Construction: No
  • Year Built: 1935
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.17
  • General Property Info Lot Dimensions: 50 x 150
  • General Property Info Farm: No
  • Location Middle School: Shrewsbury BOR
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Lot Description Back to Woods: Yes
  • Included Gas Cooking: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Interior Recessed Lighting: Yes
  • Included Light Fixtures: Yes
  • Included Outdoor Lighting: Yes
  • Kitchen Floor - Ceramic4: Yes
  • Foyer Floor - Wood: Yes
  • Style Ranch: Yes
  • Siding Shingle: Yes
  • Kitchen Breakfast Cntr: Yes
  • Kitchen Ceramic Tile3: Yes
  • Rooms Mud: Yes
  • Lot Description Stream2: Yes
  • Energy Features Program Thermostat: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Bedrooms: 9
  • Stories: 1
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Basement:Unfinished: Yes
  • Kitchen Pantry: Yes
  • Appliances:Water Heater - Tankless: Yes
  • Primary Bedroom:Floor - Wood6: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Construction Type: Shingle Siding
  • Exterior Features: Fence

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Driveway, On Street
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • Parking:On Street: Yes
  • Parking Features:Garage Detached: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Shrewsbury BOR

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • Parcel #: 44-00037-0000-00014
  • Zoning Description: Single Family

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5991.0

MLS Schools

  • Elementary School: Shrewsbury Bor
  • High School: Red Bank Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Aug 11, 2021
Sold by
Earp Brian and Lombardi Lauren
Bought by
Jarahian Christopher and Lopresti Alyssa
Seller's Agent
Joyce Fernandes
Berkshire Hathaway HomeServices Fox & Roach- Shrewsbury
Buyer's Agent
Christopher Jarahian
Ward Wight Sotheby's International Realty
List Price
$475,000
Sold Price
$500,000
Premium/Discount to List
$25,000
5.26%
Current Estimated Value
$660,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,594
Avg. Annual Appreciation
6.49%
Original Mortgage
$442,640
Outstanding Balance
$404,828
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$238,249

Purchase Details

Listed on
Nov 4, 2017
Closed on
Dec 19, 2017
Sold by
Cosentino Nicholas
Bought by
Earp Brian
Seller's Agent
William Hagan
Keller Williams Realty East Monmouth
Buyer's Agent
Angela Geller
Gloria Nilson & Co. Real Estate
Sold Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.58%
Original Mortgage
$237,650
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 1951
Bought by
Cosentino Victor A
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 Buyer Sale Price Title Company
Jarahian Christopher $500,000 Trident Abstract Ttl Agcy Ll
Earp Brian $245,000 --
Cosentino Victor A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jarahian Christopher $442,640
Previous Owner Earp Brian Eric $257,427
Previous Owner Earp Brian Eric $257,427
Previous Owner Earp Brian $237,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2021 08/13/21 Sold $500,000 +5.3% $401 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $475,000 +93.9% $381 / Sq Ft
12/21/2017 12/21/17 Sold $245,000 -- $196 / 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 $9,522 $513,800 $215,000 $298,800
2023 $9,522 $505,400 $213,000 $292,400
2022 $6,053 $460,900 $213,000 $247,900
2021 $5,991 $285,400 $172,400 $113,000
2020 $5,991 $282,200 $172,400 $109,800
2019 $5,985 $279,000 $172,400 $106,600
2018 $5,960 $277,100 $172,400 $104,700
2017 $5,554 $260,000 $158,500 $101,500
2016 $5,431 $257,400 $158,500 $98,900
2015 $5,162 $248,700 $152,500 $96,200
2014 $4,955 $229,200 $137,500 $91,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22120178

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 44-00037-0000-00014