NOT LISTED FOR SALE

51 Elm Place Red Bank, NJ 07701

Estimated Value: $867,611 - $1,035,000

3 Beds
1.5 Baths
1,542 Sq Ft
$621/Sq Ft Est. Value

Last Sold March 15, 2018

Last sale price $560,000 $363 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $6,240/month

32 Days on Market

Highlights

  • Bay View
  • Colonial Architecture
  • Marble Flooring
  • Red Bank Reg High School Rated A
  • Deck
  • No HOA

About This Home

As of March 2018

Live on one of the best blocks in Red Bank! This classic colonial commands curb appeal on a quiet, residential street just steps to downtown. Inside, the home is updated and ready for today’s buyer with hardwood floors, crown mouldings, updated bathrooms, light kitchen and an open feeling throughout. Bedrooms are all sized well and include walk-in closets. The upstairs bathroom was recently renovated with gray basket-weave marble flooring and marble vanity. Entertaining is easy on the two-tiered deck overlooking a deep backyard not commonly found in Red Bank! Massive detached garage and additional land beyond the garage…bring your imagination and creativity. Hidden plumbing and wiring upgrades as well! Excellent walkability to town and public transportation. Annual block party!

Last Agent to Sell the Property

Stacie Bender

Compass New Jersey LLC License #1434505 Listed on: 05/15/2017

Compass New Jersey LLC

Last Buyer's Agent

Nicole Kelly

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,847

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 35 x 260
  • Fenced

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Workshop in Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Bay Window
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Bay Views
  • Pull Down Stairs to Attic
  • Unfinished Basement

Kitchen

  • Gas Cooktop
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • Red Bank Prm Elementary School
  • Red Bank Middle School
  • Red Bank Reg High School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: Personal possessions, TVs
  • Assessor Parcel Number 39-00049-0000-00029

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,847

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inclusions: Washer, Ceiling Fan(s), Dishwasher, Dryer, Stove, Refrigerator, Garbage Disposal, Garage Door Opener, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Detached, Colonial
  • Reso Flooring: Ceramic Tile, Laminate, Marble, W/W Carpet, Wood
  • Reso Interior Features: Attic - Pull Down Stairs, Bay/Bow Window, Built-Ins, Dec Molding, Skylight, Recessed Lighting
  • Year Built: 1925
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 35 x 260
  • Location Middle School: Red Bank
  • Interior Attic - Pull Down Stairs: Yes
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Dec Molding: Yes
  • Interior Recessed Lighting: Yes
  • Included Ceiling Fan(s): Yes
  • Interior BayBow Window: Yes
  • Foyer Floor - Wood: Yes
  • Dining Room Dec Molding4: Yes
  • ExteriorDeck: Yes
  • Living Room Dec Molding3: Yes
  • Floors Laminate: Yes
  • Garage Oversized: Yes
  • Included Garbage Disposal: Yes
  • Floors Marble: Yes
  • Kitchen Skylight4: Yes
  • Foyer Dec Molding2: Yes
  • Dining Room Built-Ins3: Yes
  • Garage Workshop Workbench2: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Total Bedrooms: 7
  • Stories: 2
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Basement:Unfinished: Yes
  • Other Rooms:Foyer: Yes
  • Kitchen Pantry: Yes
  • Features Interior:Skylight: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bedroom Level:Second43: Yes
  • Primary Bedroom:Walk-in Closet: Yes

Exterior Features

  • Roof: Shingle
  • Topography: Level
  • Waterfront: No
  • Exclusions: Personal possessions, TVs
  • Exterior Features: Deck, Fence
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Driveway, Oversized, Workshop in Garage
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • _pound_ AppliancesIncluded:Garage Door Opener: Yes
  • Parking Features:Garage Detached: 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

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Red Bank

Lot Info

  • Lot Dimensions: 35 x 260
  • Parcel #: 39-00049-0000-00029
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 8847.0

MLS Schools

  • Elementary School: Red Bank Prm
  • High School: Red Bank Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2017
Closed on
Mar 13, 2018
Sold by
Dunne Stephen and Dunne Lauren
Bought by
Baumann William J and Baumann Linda S
Seller's Agent
Stacie Bender
Compass New Jersey LLC
Buyer's Agent
Nicole Kelly
Coldwell Banker Realty
Sold Price
$560,000
Current Estimated Value
$957,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,153
Avg. Annual Appreciation
6.80%
Original Mortgage
$330,000
Outstanding Balance
$283,398
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$635,661

Purchase Details

Closed on
May 28, 2008
Sold by
Cole Joseph S and Cole Jodi
Bought by
Dunne Stephen and Dunne Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2004
Sold by
Witschel Matthew
Bought by
Cole Joseph and Cole Jodi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
6.28%

Purchase Details

Closed on
Apr 15, 1999
Sold by
Berkefeld Carol
Bought by
Witschel Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.92%
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
Baumann William J $560,000 --
Dunne Stephen $470,000 None Available
Cole Joseph $430,000 --
Witschel Matthew $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baumann William J $330,000
Previous Owner Dunne Lauren $394,301
Previous Owner Dunne Stephen $417,000
Previous Owner Cole Joseph S $100,000
Previous Owner Cole Joseph S $347,000
Previous Owner Cole Joseph S $55,000
Previous Owner Cole Joseph $344,000
Previous Owner Witschel Matthew $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2018 03/15/18 Sold $560,000 -- $363 / 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 $14,217 $830,300 $388,700 $441,600
2024 $13,564 $752,600 $328,700 $423,900
2023 $13,564 $709,800 $297,700 $412,100
2022 $13,078 $676,400 $281,900 $394,500
2021 $13,078 $584,600 $225,500 $359,100
2020 $12,569 $553,200 $225,500 $327,700
2019 $12,015 $543,400 $225,500 $317,900
2018 $9,325 $426,400 $225,500 $200,900
2017 $8,970 $425,100 $225,500 $199,600
2016 $8,847 $419,900 $225,500 $194,400
2015 $8,695 $427,700 $265,500 $162,200
2014 $8,182 $427,700 $265,500 $162,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21718964

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00049-0000-00029