NOT LISTED FOR SALE

521 Patterson Ln Red Bank, NJ 07701

New Monmouth Neighborhood

Estimated Value: $1,818,000

7 Beds
7 Baths
8,000 Sq Ft
$227/Sq Ft Est. Value

Last Sold December 14, 2020

Last sale price $3,300,000 $412 Per Sq Ft

Est. 45% decrease in value since last sale

Current estimated payment $9,683/month

Highlights

  • Guest House
  • Paddocks
  • Tennis Courts
  • Fairview Elementary School Rated A-
  • Heated Indoor Pool
  • Home fronts a pond

About This Home

As of December 2020

This home is located at 521 Patterson Ln, Red Bank, NJ 07701 since 19 September 2020 and is currently estimated at $1,818,000, approximately $227 per square foot. This property was built in 1928. 521 Patterson Ln is a home located in Monmouth County with nearby schools including Fairview Elementary School, Bayshore Middle School, and Middletown High School North.

Last Agent to Sell the Property

Erin Taffin

O'Brien Realty, LLC License #0564602 Listed on: 09/19/2020

O'Brien Realty, LLC

Co-Listed By

Kerrin O'Brien

O'Brien Realty, LLC License #1007851

Last Buyer's Agent

Matthew Clemente

RE/MAX Imperial

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $82

Year Built

  • Built in 1928

Lot Details

  • 29.85 Acre Lot
  • Home fronts a pond
  • Landscaped
  • Oversized Lot
  • Sprinkler System
  • Backs to Trees or Woods
  • Subdivision Possible
  • Historic Home

Parking

  • 8 Car Detached Garage
  • Heated Garage
  • Workshop in Garage
  • Circular Driveway
  • Visitor Parking

Home Design

  • Colonial Architecture
  • Farmhouse Style Home
  • Slate Roof
  • Cedar Shake Siding
  • Shake Siding

Interior Spaces

  • 8,000 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Crown Molding
  • Ceiling height of 9 feet on the main level
  • Recessed Lighting
  • Light Fixtures
  • 8 Fireplaces
  • Wood Burning Fireplace
  • Bay Window
  • Window Screens
  • French Doors
  • Sliding Doors
  • Den
  • Bonus Room
  • Conservatory Room
  • Center Hall
  • Bay Views
  • Walkup Attic
  • Home Security System
  • Unfinished Basement

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible
  • Accessible Doors

Pool

  • Heated Indoor Pool
  • Heated Pool and Spa
  • Heated In Ground Pool
  • Outdoor Pool
  • Fence Around Pool
  • Pool Equipment Stays

Outdoor Features

  • Pond
  • Tennis Courts
  • Balcony
  • Patio
  • Exterior Lighting
  • Outdoor Storage
  • Storage Shed
  • Outbuilding
  • Outdoor Gas Grill

Horse Facilities and Amenities

  • Paddocks
  • Run-In Shed

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Power Generator
  • Natural Gas Water Heater
  • Septic System

Additional Features

  • Guest House
  • Horse or Livestock Barn

Listing and Financial Details

  • Exclusions: Personal Belongings
  • Assessor Parcel Number 32-00982-0000-00006-0000-QFARM

Community Details

Overview

  • No Home Owners Association
  • Colonial, Farmhouse

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$82

Year Built

Built in 1928

Lot Details

0

Parking

8

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Model: Colonial, Farmhouse
  • ResoLotFeatures: See Remarks, Other, Back to Woods, Oversized, Pond, Subdividable
  • ResoPoolFeatures: Covered, Fenced, Heated, In Ground, Pool Equipment, With Spa
  • Reso Association Amenities: Other - See Remarks, Tennis Court, Pool, Landscaping
  • Co List Office Mls Id: 2928
  • Co List Office Phone: 732-229-3532
  • Inclusions: Outdoor Lighting, Washer, Wall Oven, Dishwasher, Dryer, Light Fixtures, Microwave, Security System, Stove, Refrigerator, Screens, Gas Grill, Generator
  • Subdivision Name: None
  • Reso Accessibility Features: Accessible Doors
  • Architectural Style: Historic, Farm House, Detached, Colonial, 2 Story
  • Reso Flooring: Ceramic Tile, W/W Carpet, Wood
  • Reso Interior Features: Attic - Walk Up, Bay/Bow Window, Bonus Room, Built-Ins, Ceilings - 9Ft+ 1st Flr, Center Hall, Conservatory, Dec Molding, Den, French Doors, Security System, Sliding Door, Breakfast Bar, Recessed Lighting
  • New Construction: No
  • Reso Other Structures: Barn, Guest House, Horse Barn, Misc Building, Paddocks, Run-in Shed, Storage Shed
  • Year Built: 1928
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: Yes
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • Interior Sliding Door: Yes
  • Kitchen Center Island: Yes
  • GreatFamily Room Sliding Door4: Yes
  • Exterior Balcony2: Yes
  • ExteriorPatio: Yes
  • Exterior Swimming: Yes
  • Common Elements Pool4: Yes
  • Pool Heated3: Yes
  • General Property Info Acreage: 29.85
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Exterior Storage: Yes
  • Lot Description Back to Woods: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Out Buildings Storage Shed: Yes
  • Exterior Lighting: Yes
  • Parking Asphalt: Yes
  • General Property Info Handicap Access: Yes
  • General Property Info # Fireplaces: 8.0
  • Interior Dec Molding: Yes
  • Interior French Doors: Yes
  • Interior Recessed Lighting: Yes
  • Living Room French Doors2: Yes
  • Interior Den: Yes
  • Included Light Fixtures: Yes
  • Exterior Sprinkler Under: Yes
  • Included Outdoor Lighting: Yes
  • Included Screens: Yes
  • Common Elements Landscaping: Yes
  • Interior BayBow Window: Yes
  • Foyer Floor - Wood: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • Pool Fenced: Yes
  • Pool Pool Equipment: Yes
  • Utilities Included Generator: Yes
  • Living Room Fireplace - Woodburning2: Yes
  • GreatFamily Room Fireplace - Woodburning5: Yes
  • Kitchen Breakfast Cntr: Yes
  • Kitchen Ceramic Tile3: Yes
  • Garage Oversized: Yes
  • Parking Oversized2: Yes
  • Included Security System2: Yes
  • Included Gas Grill: Yes
  • Exterior Tennis Court(s): Yes
  • Common Elements Tennis Court: Yes
  • Pool Covered: Yes
  • Pool With Spa: Yes
  • Interior Attic - Walk Up: Yes
  • Interior Bonus Room: Yes
  • Living Room Built-Ins2: Yes
  • Exterior Security System3: Yes
  • SidingCedarShake: Yes
  • Out Buildings Run-in Shed: Yes
  • General Property Info # UnitsBldgs: 5.0
  • GreatFamily Room Dec Molding6: Yes
  • Parking Visitor: Yes
  • Lot Description Pond2: Yes
  • Foyer Dec Molding2: Yes
  • Water Type Pond: Yes
  • Out Buildings Guest House: Yes
  • Out Buildings Misc Building: Yes
  • Exterior Outbuilding: Yes
  • Parking Circular Driveway: Yes
  • Interior Conservatory: Yes
  • Garage Heated2: Yes
  • Garage Workshop Workbench2: Yes
  • RoofSlate: Yes
  • Style Historic: Yes
  • Out Buildings Barn: Yes
  • Out Buildings Horse Barn: Yes
  • GreatFamily Room Wet Bar2: Yes
  • Out Buildings Paddocks: Yes
  • Style 2 Story: Yes
  • Cooling 3 Zoned AC: Yes
  • Heating 3 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Fireplaces: 8
  • Stories: 2
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Basement:Unfinished: Yes
  • Kitchen Pantry: Yes
  • Features Interior:Security System: Yes
  • Appliances Included:Wall Oven: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bedroom Fireplace - Woodburning6: Yes

Exterior Features

  • Roof: Slate
  • Acres: 29.85
  • Topography: Level
  • Waterfront Features: Pond
  • Waterfront: Yes
  • Exclusions: Personal Belongings
  • Construction Type: Shake Siding
  • Exterior Features: Balcony, Outbuilding, Patio, Security System, Sprinkler Under, Storage, Swimming, Lighting, Tennis Court(s)
  • Exterior Features:Pool-In Ground: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 8.0
  • Parking Features: Circular Driveway, See Remarks, Other, Asphalt, Driveway, Visitor, Heated Garage, Oversized, Workshop in Garage
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Septic Tank
  • Cooling: Other, 3+ Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, HWBB, Forced Air, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Water/Sewer/Septic: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 1300266.0
  • Parcel #: 32-00982-0000-00006-0000-QFARM
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 89.0

Multi Family

  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2020
Closed on
Nov 18, 2020
Sold by
Bryan Lawrence F and Bryan Wendy
Bought by
Younan Shaddy
Seller's Agent
Erin Taffin
O'Brien Realty, LLC
Buyer's Agent
Matthew Clemente
RE/MAX Imperial
List Price
$3,850,000
Sold Price
$3,300,000
Premium/Discount to List
-$550,000
-14.29%
Current Estimated Value
$1,818,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,482,000
Avg. Annual Appreciation
-11.63%
Original Mortgage
$2,640,000
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 20, 2013
Sold by
Bryan Kathryn L and Bryan Lawrence F
Bought by
Bryan Lawrence F and Bryan Kathryn L
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
Younan Shaddy $3,300,000 Title Link Llc
Younan Shaddy $330,000 Title Links
Bryan Lawrence F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Younan Shaddy $2,640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2020 12/14/20 Sold $3,300,000 -14.3% $413 / Sq Ft
09/19/2020 09/19/20 For Sale $3,850,000 -- $481 / 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 $82 $5,000 $5,000 --
2024 $85 $5,000 $5,000 $0
2023 $85 $4,900 $4,900 $0
2022 $87 $4,400 $4,400 $0
2021 $87 $4,200 $4,200 $0
2020 $92 $4,300 $4,300 $0
2019 $89 $4,200 $4,200 $0
2018 $91 $4,200 $4,200 $0
2017 $87 $4,100 $4,100 $0
2016 $119 $5,600 $5,600 $0
2015 $120 $5,600 $5,600 $0
2014 $123 $5,600 $5,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Erin Taffin

    Seller's Agent in 2020

    Erin Taffin

    O'Brien Realty, LLC

    (732) 492-3189

    5 in this area

    11 Total Sales

    Erin Taffin
    Section Image
  • Kerrin O'Brien

    Seller Co-Listing Agent in 2020

    Kerrin O'Brien

    O'Brien Realty, LLC

    (732) 320-6999

    11 in this area

    208 Total Sales

    Kerrin O'Brien
    Section Image

  • M

    Buyer's Agent in 2020

    Matthew Clemente

    RE/MAX

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22033708

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 32-00982-0000-00006-0000-QFARM

New Jersey Monmouth County Red Bank 07701 New Monmouth

521 Patterson Ln, Red Bank, NJ

This home is located at 521 Patterson Ln, Red Bank, NJ 07701 since 19 September 2020 and is currently estimated at $1,818,000, approximately $227 per square foot. This property was built in 1928. 521 Patterson Ln is a home located in Monmouth County with nearby schools including Fairview Elementary School, Bayshore Middle School, and Middletown High School North.

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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