$537,500
SOLD AUG 14, 2025

48 Privet Place Unit 47 Red Bank, NJ 07701

New Monmouth Neighborhood
2 Beds
2 Baths
1,386 Sq Ft
$329/mo HOA Fee

Recently Sold

$388 Per Sq Ft

1% Below List Price

32 Days on Market

Highlights

  • Outdoor Pool
  • 1 Fireplace
  • Patio
  • Senior Community
  • 1 Car Detached Garage
  • Tile Flooring

About This Home

As of August 2025

Sought after Villa ranch with a garage, is centrally located very close to the clubhouse! This 2 bedroom, 2 full bath unit has been freshly painted throughout. The spacious living room has a cathedral ceiling. The primary bedroom with ensuite bathroom has an oversized walk-in closet. Enjoy the sunroom that leads to the private backyard. Shady Oaks amenities include an updated clubhouse to keep you socially busy and physically active, plus a pool, tennis/pickleball courts and shuffleboard courts too! This active 55+ community is centrally located near Red Bank well known for its dining, shopping and musical events plus, the Garden State Parkway for easy access to all that Monmouth County has to offer including its amazing beaches and more! Call today before it's too late!

Last Agent to Sell the Property

Jackie Grieco

Compass New Jersey LLC Brokerage Phone: 732-213-6640 License #1005126 Listed on: 05/29/2025

Compass New Jersey LLC

Last Buyer's Agent

Eugene Casazza

Compass New Jersey , LLC License #2190599

Compass New Jersey , LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,963

Year Built

  • Built in 1982

HOA Fees

  • $329 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Shingle Roof

Interior Spaces

  • 1,386 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace

Kitchen

  • Gas Cooktop
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Patio

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • Senior Community
  • Shady Oaks Subdivision, Villa With Garage Floorplan

Listing and Financial Details

  • Exclusions: Owners personal belongings.
  • Assessor Parcel Number 32-01014-0000-00276-0000-C0047

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,963

Year Built

Built in 1982

Lot Details

0

HOA Fees

$329 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Adult Community
  • Model: Villa with Garage
  • Attribution Contact: 732-213-6640
  • Inclusions: Washer, Dishwasher, Dryer, Refrigerator, Gas Cooking
  • Subdivision Name: Shady Oaks
  • Architectural Style: Detached, Ranch
  • Reso Flooring: Laminate, Tile
  • Property Attached Yn: Yes
  • Year Built: 1982
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info Assigned Parking: No
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Style Attached2: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Acreage: 0.04
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Included Gas Cooking: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info # Fireplaces: 1.0
  • Style Ranch: Yes
  • Floors Laminate: Yes
  • Floors Tile: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Stories: 1
  • Basement:None2: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.04
  • Waterfront: No
  • Exclusions: Owners personal belongings.
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 1.0
  • General Property Info:Garage: Yes
  • Parking Features:Garage Detached: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: 986.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 1742.4
  • Parcel #: 32-01014-0000-00276-0000-C0047

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7963.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2013
Sold by
Clabby John F and Clabby Virginia T
Bought by
King Walter F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Outstanding Balance
$158,942
Interest Rate
3.35%
Mortgage Type
New Conventional
Estimated Equity
$406,634
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $240,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $228,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 Sold $537,500 -1.4% $388 / Sq Ft
06/30/2025 06/30/25 Pending -- -- --
05/29/2025 05/29/25 For Sale $545,000 -- $393 / 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 $7,963 $535,200 $335,000 $200,200
2024 $7,463 $484,100 $285,000 $199,100
2023 $7,463 $429,400 $235,000 $194,400
2022 $6,467 $390,000 $200,000 $190,000
2021 $6,467 $334,000 $165,000 $169,000
2020 $6,677 $312,300 $145,000 $167,300
2019 $6,554 $310,300 $145,000 $165,300
2018 $6,276 $289,600 $130,000 $159,600
2017 $5,835 $274,700 $120,000 $154,700
2016 $5,104 $239,500 $100,000 $139,500
2015 $5,355 $250,700 $120,000 $130,700
2014 $5,243 $239,500 $120,000 $119,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22514206

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 32-01014-0000-00276-0000-C0047