NOT LISTED FOR SALE

52 Mechanic St Red Bank, NJ 07701

Estimated Value: $946,000 - $1,062,861

4 Beds
4 Baths
2,416 Sq Ft
$423/Sq Ft Est. Value

Last Sold July 31, 2014

Last sale price $460,000 $190 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $6,680/month

37 Days on Market

Highlights

  • 3 Car Detached Garage
  • Heating System Uses Steam
  • Fenced
  • Red Bank Reg High School Rated A

About This Home

As of July 2014

Three family home ready for new owners. Great for live in and rent out two units. Good for first time buyer, downsizer or investor. Wonderful Red Bank location. One block to Broad Street.

Last Agent to Sell the Property

Patricia Holsey

Gannon Holsey Group Listed on: 04/04/2014

Last Buyer's Agent

Charles Frank

Brothers Commercial Brokerage, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,255

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 50x142
  • Fenced

Parking

  • 3 Car Detached Garage

Home Design

  • Triplex
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Walkup Attic

Schools

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

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 00029000000011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,255

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Subdivision Name: None
  • Reso Interior Features: Attic - Walk Up
  • New Construction: No
  • Year Built: 1925
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50X142
  • Water Heater Electric2: Yes
  • ExteriorFence: Yes
  • WaterSewer Public Water: Yes
  • Interior Attic - Walk Up: Yes
  • General Property Info # Parking Spaces: 3.0
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Waterfront: No
  • Exterior Features: Fence
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Detached
  • Total Parking Spaces: 3.0
  • General Property Info:Garage: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Steam: Yes

Lot Info

  • Lot Dimensions: 50X142
  • Parcel #: 00029000000011

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 9255.0
  • Tax Other Annual Assessment Amount: 511300.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2014
Closed on
Jul 14, 2014
Sold by
Hassinger Alfred J
Bought by
50 52 Mechanic Llc
Seller's Agent
Patricia Holsey
Gannon Holsey Group
Buyer's Agent
Charles Frank
Brothers Commercial Brokerage, Inc
Sold Price
$460,000
Current Estimated Value
$1,022,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$562,465
Avg. Annual Appreciation
7.93%
Original Mortgage
$358,450
Outstanding Balance
$267,482
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$804,432

Purchase Details

Closed on
May 11, 1995
Sold by
Carotenuto Samuel
Bought by
Hassinger Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
8.31%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
50 52 Mechanic Llc $460,000 Counsellors Title Agency Inc
Hassinger Alfred $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 50-52 Mechanic Llc $358,450
Closed 50 52 Mechanic Llc $358,450
Previous Owner Hassinger Alfred $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2014 07/31/14 Sold $460,000 -- $190 / 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
2024 $13,310 $813,200 $304,000 $509,200
2023 $13,310 $696,500 $304,000 $392,500
2022 $8,375 $648,800 $273,100 $375,700
2021 $8,375 $579,600 $237,500 $342,100
2020 $12,489 $549,700 $237,500 $312,200
2019 $11,338 $512,800 $237,500 $275,300
2018 $11,355 $519,200 $237,500 $281,700
2017 $10,284 $487,400 $207,500 $279,900
2016 $10,116 $480,100 $207,500 $272,600
2015 $10,395 $511,300 $277,500 $233,800
2014 $9,781 $511,300 $277,500 $233,800
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2014

    Patricia Holsey

    Gannon Holsey Group

  • C

    Buyer's Agent in 2014

    Charles Frank

    Brothers Commercial Brokerage, Inc

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21412768

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00029-0000-00011

New Jersey Monmouth County Red Bank 07701

52 Mechanic St, Red Bank, NJ

This home is located at 52 Mechanic St, Red Bank, NJ 07701 since 04 April 2014 and is currently estimated at $1,022,465, approximately $423 per square foot. This property was built in 1925. 52 Mechanic St is a home located in Monmouth County with nearby schools including Red Bank Primary School, Red Bank Middle School, and Red Bank Reg High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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