57 Peters Place Red Bank, NJ 07701
--
Bed
5
Baths
--
Sq Ft
8,843
Sq Ft Lot
Highlights
- 4 Car Detached Garage
- Red Bank Reg High School Rated A
- Heating System Uses Natural Gas
About This Home
As of May 2015Fantastic 5 Family Investment in Downtown Red Bank!!! Three story wood frame and stucco home containing five rental units, constructed in 1876. The total gross living area contains 3,417 (+-) square feet. There are two studio apartments, two 1 bedroom apartments and a 2 bedroom apartment. Tenants are month to month. Landlord currently pays real estate taxes, property maintenance and all utilities for the building.
Last Agent to Sell the Property
Charles Frank
Brothers Commercial Brokerage, Inc Listed on: 10/31/2013
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,197
Parking
- 4 Car Detached Garage
Home Design
- Stucco Exterior
Utilities
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Additional Features
- 5 Bathrooms
- Partial Basement
Listing and Financial Details
- Assessor Parcel Number 00060000000003
Community Details
Overview
- 5 Units
Building Details
- Gross Income $65,000
- Net Operating Income $23,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 1, 2020
Sold by
Stratton Properties Llc
Bought by
Peters 57 Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Listed on
Oct 31, 2013
Closed on
May 1, 2014
Sold by
57 Peters Place Associates Llc
Bought by
Stratton Properties Llc
Seller's Agent
Charles Frank
Brothers Commercial Brokerage, Inc
Buyer's Agent
Charles Frank
Benchmark Realty Group LLC
Sold Price
$415,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.09%
Original Mortgage
$315,000
Interest Rate
4.42%
Mortgage Type
Commercial
Similar Home in Red Bank, NJ
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $865,000 | Exclusive Land Services Inc | |
| Bargain Sale Deed | $415,000 | Vested Title Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $550,000 | Commercial | |
| Previous Owner | $315,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/09/2025 08/09/25 | Off Market | $2,200 | -- | -- |
| 07/21/2025 07/21/25 | Price Changed | $2,200 | -4.3% | $3 / Sq Ft |
| 06/18/2025 06/18/25 | Price Changed | $2,300 | -8.0% | $4 / Sq Ft |
| 06/01/2025 06/01/25 | Price Changed | $2,500 | +66.7% | $4 / Sq Ft |
| 05/22/2025 05/22/25 | Price Changed | $1,500 | -31.8% | $2 / Sq Ft |
| 05/17/2025 05/17/25 | For Rent | $2,200 | 0.0% | -- |
| 05/01/2015 05/01/15 | Sold | $635,000 | +53.0% | -- |
| 05/01/2014 05/01/14 | Sold | $415,000 | -- | -- |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History Compared to Growth
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 | $17,513 | $1,093,800 | $412,500 | $681,300 |
| 2024 | $17,438 | $927,100 | $412,500 | $514,600 |
| 2023 | $17,438 | $912,500 | $412,500 | $500,000 |
| 2022 | $10,997 | $853,300 | $412,500 | $440,800 |
| 2021 | $10,997 | $491,600 | $275,000 | $216,600 |
| 2020 | $11,121 | $489,500 | $275,000 | $214,500 |
| 2019 | $10,728 | $485,200 | $275,000 | $210,200 |
| 2018 | $10,351 | $473,300 | $275,000 | $198,300 |
| 2017 | $9,980 | $473,000 | $275,000 | $198,000 |
| 2016 | $9,882 | $469,000 | $275,000 | $194,000 |
| 2015 | $12,576 | $618,600 | $309,600 | $309,000 |
| 2014 | $11,834 | $618,600 | $309,600 | $309,000 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2015
Jo Ann Brousell Kurry
BHHS Fox & Roach
-
C
Buyer's Agent in 2015
Claire Strouse
BHHS Fox & Roach
-
C
Seller's Agent in 2014
Charles Frank
Brothers Commercial Brokerage, Inc
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 21337327
APN: 39-00060-0000-00003
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