NOT LISTED FOR SALE

5 Summit Rd Neptune, NJ 07753

Estimated Value: $564,000 - $679,000

3 Beds
2 Baths
1,280 Sq Ft
$487/Sq Ft Est. Value

Last Sold December 22, 2022

Last sale price $450,000 $352 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,133/month

41 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • 1 Car Direct Access Garage
  • Backs to Trees or Woods
  • No HOA
  • Porch

About This Home

As of December 2022

SHARK RIVER HILLS very quiet location just 2 blocks to the river. On an elevated lot above the flood zone which borders wooded Township land. 3 Bdrm cape with eat in kitchen, Dining Room, 2 FULL baths. Hardwood floors on main level. Full basement, Garage and storage room. Gas heat, Cen AC. Seamless gutters & leaf guard 2008, basement french drain 2015, windows on first floor all replaced. Estate sale : family will obtain CO from Neptune, otherwise AS IS sale. Walk to the marina and river or Bike to the Beach.

Last Agent to Sell the Property

Cindy Nelson

Nelson Realtors Brokerage Phone: 732-774-4499 License #8340164 Listed on: 10/29/2022

Nelson Realtors

Last Buyer's Agent

Michael Cipparulo

Keller Williams Realty West Monmouth License #1649538

Keller Williams Realty West Monmouth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,941

Year Built

  • Built in 1955

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Backs to Trees or Woods

Parking

  • 1 Car Direct Access Garage
  • Driveway
  • On-Street Parking

Home Design

  • Cape Cod Architecture
  • Shingle Roof

Interior Spaces

  • 1,280 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Living Room
  • Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Stove

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Schools

  • Neptune Middle School
  • St. Rose High School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 35-05314-0000-00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,941

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Attribution Contact: 732-774-4499
  • ResoLotFeatures: Back to Woods
  • Inclusions: Blinds/Shades, Stove, Refrigerator, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Cape
  • Year Built: 1955
  • 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
  • Garage Direct Entry: Yes
  • General Property Info Acreage: 0.11
  • General Property Info Lot Dimensions: 50 x 100
  • Location Middle School: Neptune
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Lot Description Back to Woods: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Porch - Open: Yes
  • Included BlindsShades: Yes
  • Style Cape: Yes
  • Kitchen Eat-In: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Bedrooms: 6
  • Stories: 2
  • Full Basement: Yes
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.11
  • Waterfront: No
  • Exterior Features: Porch - Open

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 50 x 100
  • Lot Size Sq Ft: 4791.6
  • Parcel #: 35-05314-0000-00005
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6941.0

MLS Schools

  • High School: St. Rose High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2022
Closed on
Dec 21, 2022
Sold by
Farrell Ingrid
Bought by
Grippaldi Nicholas H and Cuollo Arianna N
Seller's Agent
Cindy Nelson
Nelson Realtors
Buyer's Agent
Michael Cipparulo
Keller Williams Realty West Monmouth
List Price
$475,000
Sold Price
$450,000
Premium/Discount to List
-$25,000
-5.26%
Views
42
Current Estimated Value
$623,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,438
Avg. Annual Appreciation
12.69%
Original Mortgage
$427,500
Outstanding Balance
$414,230
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$212,349
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
Grippaldi Nicholas H $450,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grippaldi Nicholas H $427,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2022 12/22/22 Sold $450,000 -2.0% $352 / Sq Ft
11/16/2022 11/16/22 Pending -- -- --
11/02/2022 11/02/22 Price Changed $459,000 -3.4% $359 / Sq Ft
10/29/2022 10/29/22 For Sale $475,000 0.0% $371 / Sq Ft
10/20/2022 10/20/22 Pending -- -- --
10/05/2022 10/05/22 For Sale $475,000 -- $371 / 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 $9,935 $533,700 $300,300 $233,400
2024 $8,062 $567,400 $303,900 $263,500
2023 $8,062 $446,400 $256,200 $190,200
2022 $6,941 $386,700 $224,300 $162,400
2021 $6,469 $328,500 $215,300 $113,200
2020 $6,293 $297,100 $189,800 $107,300
2019 $6,469 $301,600 $201,000 $100,600
2018 $6,106 $281,400 $181,500 $99,900
2017 $6,156 $272,500 $180,000 $92,500
2016 $5,798 $256,000 $165,000 $91,000
2015 $5,318 $238,800 $150,000 $88,800
2014 $5,117 $188,900 $100,000 $88,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22231310

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-05314-0000-00005