$500,000
SOLD FEB 28, 2025

490 Red Hill Rd Middletown, NJ 07748

2.18 Acres
$229,358 Price per Acre
94,961 Sq Ft Lot

Recently Sold

$379 Per Sq Ft

17% Below List Price

192 Days on Market

Highlights

  • 2.18 Acre Lot
  • Landscaped with Trees
  • Level Lot
  • Thompson Middle School Rated A-
  • Fenced

About This Lot

As of February 2025

Great opportunity to own 2.18 Acres. Land has been cleared; has electric and public water. R-45 Zone. Conveniently located with quick, easy access to GS Parkway, Route 35, and plenty of local shopping and dining. Buyer responsible for all due diligence including building approvals, permits, zoning, variances, etc., if needed. Survey available.

Last Agent to Sell the Property

Lynette Spencer

KP EDGESTONE REALTY LLC Listed on: 03/22/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,365

Lot Details

  • 2.18 Acre Lot
  • Lot Dimensions are 1.00 x 1.00
  • Fenced
  • Shrub
  • Level Lot
  • Irregular Lot
  • Landscaped with Trees
  • Property is zoned R-45

Parking

  • Driveway
  • Open Parking

Utilities

  • Septic Tank

Property Details

Property Type

Land

Est. Annual Taxes

$7,365

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 2.18
  • Lot Size: 1.00 x 1.00
  • Road Frontage Type: Town/City Street, None
  • Road Surface Type: Dirt, Gravel
  • Ownership: Fee Simple
  • ResoPropertyType: Land
  • Special Features: VirtualTour

Exterior Features

  • Fencing: Fenced
  • Lot Features: Possible Subdivision, Sloped, Irregular Lot, Level, Gravel
  • Topography: At Road Level,Steep
  • Other Structures: None

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Gas Company: In Street
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Electricity Connected, None, Sewer Available, Water Available
  • Water Source: On Property

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 94961
  • Zoning: R-45

Tax Info

  • Tax Annual Amount: 7365
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2022
Closed on
Jul 24, 2023
Sold by
Gomez Ruben and Alvarez Marco A
Bought by
490 Red Hill Road Llc
Seller's Agent
Lynette Spencer
KP Edgestone Realty
Buyer's Agent
Lynette Spencer
KP Edgestone Realty
List Price
$600,000
Sold Price
$500,000
Premium/Discount to List
-$100,000
-16.67%
Views
131
Current Estimated Value
$601,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,561
Avg. Annual Appreciation
8.85%

Purchase Details

Closed on
Feb 25, 2020
Sold by
Giordano Carmelo J and Giordano Maria
Bought by
Gomez Ruben and Alverex Marco A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
3.5%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Bargain Sale Deed $500,000 First Jersey Title Services
Bargain Sale Deed $500,000 First Jersey Title Services
Deed $300,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $230,000 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2025 02/28/25 Sold $500,000 -16.7% $379 / Sq Ft
03/22/2022 03/22/22 For Sale $600,000 -- $455 / Sq Ft
Source: All Jersey MLS

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 $7,593 $461,600 $461,600 --
2024 $6,149 $461,600 $461,600 $0
2023 $6,149 $353,800 $353,700 $100
2022 $7,353 $354,200 $353,700 $500
2021 $7,353 $354,100 $353,700 $400
2020 $7,663 $358,400 $353,700 $4,700
2019 $7,569 $358,400 $353,700 $4,700
2018 $7,803 $360,100 $353,700 $6,400
2017 $7,878 $359,900 $353,700 $6,200
2016 $7,691 $360,900 $353,700 $7,200
2015 $7,963 $360,800 $353,700 $7,100
2014 $8,151 $360,200 $353,700 $6,500
Source: Public Records

Agents Affiliated with this Home

  • Lynette Spencer

    Seller's Agent in 2025

    Lynette Spencer

    KP EDGESTONE REALTY LLC

    (732) 912-4651

    1 in this area

    23 Total Sales

    Lynette Spencer
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Map

Source: All Jersey MLS

MLS Number: 2211250R

All Jersey MLS

APN: 32-01045-0000-00012

New Jersey Monmouth County Middletown 07733

490 Red Hill Rd, Middletown, NJ

This home is located at 490 Red Hill Rd, Middletown, NJ 07748 and is currently priced at $500,000, approximately $378 per square foot. 490 Red Hill Rd is a home located in Monmouth County with nearby schools including Lincroft Elementary School, Thompson Middle School, and Middletown - South High School.

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