NOT LISTED FOR SALE

51 Leonard St Red Bank, NJ 07701

Estimated Value: $538,000 - $674,000

3 Beds
2 Baths
1,290 Sq Ft
$464/Sq Ft Est. Value

Last Sold June 27, 2023

Last sale price $455,000 $353 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,961/month

85 Days on Market

Highlights

  • Attic
  • Multiple cooling system units
  • Forced Air Heating System
  • Red Bank Reg High School Rated A
  • Recessed Lighting
  • 5-minute walk to Johnny Jazz Park

About This Home

As of June 2023

Legal two-family available in the fast-growing west side of Red Bank. Great for owner occupant, house hack as one unit will be delivered vacant. 2 bed/1 bath on the first floor, 1 bed/1 bath on 2nd. Ground floor redone in 2021 with new bathroom, floors, windows, paint, front entryway. 2nd floor updated in 2018. Partial new siding in 2021. Ground floor has access to driveway, basement and backyard. 2nd floor has side patio. Separate gas/electric meters. Owner pays sewer/water/lawn. 2nd floor will be delivered vacant. Short walk to train station, downtown, nightlife. Short drive to grocery stores, shopping. Drive to the beaches in 15 minutes, and NYC in an hour!

Last Agent to Sell the Property

Samuel Marx

Sackman Realty License #2076213 Listed on: 03/22/2023

Sackman Realty

Last Buyer's Agent

Anthony Zappia

EXP Realty License #1968744

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,949

Year Built

  • Built in 1920

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 28 x 100
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,290 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Window Screens
  • Vinyl Flooring
  • Stove
  • Attic

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 2 Parking Spaces
  • No Garage
  • Unpaved Parking
  • Off-Street Parking

Schools

  • Red Bank Reg High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Insurance Expense $1,365

Listing and Financial Details

  • Exclusions: Tenant personal property
  • Tenant pays for snow removal, heat, gas, electricity
  • The owner pays for yard maintenance, water, sewer
  • Assessor Parcel Number 39-00069-0000-00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,949

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Reso Flooring: Vinyl
  • Reso Interior Features: Attic, Recessed Lighting
  • New Construction: No
  • Year Built: 1920
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 28 x 100
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Vinyl3: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Interior Attic: Yes
  • Interior Recessed Lighting: Yes
  • Garage None4: Yes
  • Parking Unpaved: Yes
  • Cooling Multi Units: Yes
  • General Property Info # Parking Spaces: 2.0
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Furnace: Yes
  • Income Expenses Insurance Expense: 1365.0
  • Unit 1 Gas Stove: Yes
  • Exterior Screens2: Yes
  • Basement Tenant Storage: Yes
  • Unit 1 Water Meter3: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Tenant Storage, Tenant Acc
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.04
  • Waterfront: No
  • Exclusions: Tenant personal property
  • Exterior Features: Screens
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, None, Unpaved
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 28 x 100
  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 39-00069-0000-00002
  • Zoning Description: Multi-Use, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Snow Removal, Heat, Gas, Electricity
  • Owner Pays: Yard Maintenance, Water, Sewer

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5949.0
  • Tax Other Annual Assessment Amount: 296400.0

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 1365.0

MLS Schools

  • High School: Red Bank Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
Jun 6, 2023
Sold by
51 Leonard St Llc
Bought by
Fonseca Jorge M
Seller's Agent
Samuel Marx
Sackman Realty
Buyer's Agent
Anthony Zappia
EXP Realty
List Price
$499,000
Sold Price
$455,000
Premium/Discount to List
-$44,000
-8.82%
Views
237
Current Estimated Value
$598,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,142
Avg. Annual Appreciation
13.24%
Original Mortgage
$480,843
Outstanding Balance
$469,372
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$128,770

Purchase Details

Closed on
Oct 19, 2022
Sold by
Marx Samuel E
Bought by
51 Leonari Street Llc

Purchase Details

Closed on
Apr 5, 2021
Sold by
Kirk Brian
Bought by
Marx Samuel E and Marx Christopher S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,060
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 1998
Sold by
Yarbrough Charles
Bought by
Kirk Brian
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
Fonseca Jorge M $455,000 Chicago Title
51 Leonari Street Llc -- Two Rivers Title
Marx Samuel E $302,575 All Ahead Title Agency
Marx Samuel E $302,575 All Ahead Title Agency
Kirk Brian $67,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fonseca Jorge M $480,843
Previous Owner Marx Samuel $307,500
Previous Owner Marx Samuel E $242,060
Previous Owner Kirk Brian $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2023 06/27/23 Sold $455,000 -8.8% $353 / Sq Ft
06/15/2023 06/15/23 Pending -- -- --
06/08/2023 06/08/23 For Sale $499,000 0.0% $387 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $499,000 -- $387 / 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 $8,723 $456,100 $155,100 $301,000
2024 $6,012 $461,800 $200,000 $261,800
2023 $6,012 $314,600 $142,100 $172,500
2022 $5,208 $296,400 $131,200 $165,200
2021 $984 $232,800 $119,300 $113,500
2020 $5,064 $222,900 $119,300 $103,600
2019 $4,860 $219,800 $119,300 $100,500
2018 $4,724 $216,000 $119,300 $96,700
2017 $4,545 $215,400 $119,300 $96,100
2016 $4,486 $212,900 $119,300 $93,600
2015 $6,223 $306,100 $208,500 $97,600
2014 $5,856 $306,100 $208,500 $97,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22307580

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00069-0000-00002