NOT LISTED FOR SALE

59 Western Reach Red Bank, NJ 07701

New Monmouth Neighborhood

Estimated Value: $293,000 - $319,000

1 Bed
1 Bath
864 Sq Ft
$413/mo HOA Fee

Last Sold February 14, 2022

Last sale price $219,000 $253 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,342/month

82 Days on Market

Highlights

  • Golf Course Community
  • Active Adult
  • Main Floor Primary Bedroom
  • Outdoor Pool
  • Backs to Trees or Woods
  • Thermal Windows

About This Home

As of February 2022

TENANTS LEASE IS FROM AUGUST 1, 2021 TO JULY 31, 2022. Beautiful lower level in Shadow Lake Village 55+ community. Spacious kitchen and bath...very private patio over looking woods. Master bedroom boasts walk in closet and additional closet. Full size washer and dryer. Parking space directly in front of condo...just a short walk to car. Enjoy the amenities at Shadow Lake - community clubhouse offers executive 9 hole golf course, gym, pool, tennis, 24 hour security gate, boat & kayak dock & lovely tree lined community for your enjoyment. Convenient location close to Red Bank, parks, beaches & 1 mile access to the Garden State Parkway.

Last Agent to Sell the Property

Justin Eberle

Coldwell Banker Realty Listed on: 11/18/2021

Last Buyer's Agent

Karen Sluyk

Peninsula Realty Group, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,085

Year Built

  • Built in 1980

Lot Details

  • 0.34

HOA Fees

  • $413 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Mirrored Walls
  • Shingle Roof
  • T111 Siding

Interior Spaces

  • 864 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Light Fixtures
  • Thermal Windows
  • Window Screens
  • Sliding Doors
  • Living Room
  • Dining Room
  • Wall to Wall Carpet

Kitchen

  • Electric Cooktop
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • On-Street Parking
  • Assigned Parking

Outdoor Features

  • Outdoor Pool
  • Patio

Utilities

  • Multiple cooling system units
  • Heating Available
  • Electric Water Heater

Additional Features

  • Backs to Trees or Woods
  • Lower Level

Listing and Financial Details

  • Assessor Parcel Number 32-01011-0000-00580

Community Details

Overview

  • Active Adult
  • Association fees include trash, common area, exterior maint, fire/liab, golf course, mgmt fees, pool, rec facility, snow removal
  • Shadow Lake Vil Subdivision, Terrace 100 Floorplan
  • On-Site Maintenance

Amenities

  • Common Area
  • Recreation Room

Recreation

  • Golf Course Community
  • Community Pool
  • Snow Removal

Security

  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,085

Year Built

Built in 1980

Lot Details

0

HOA Fees

$413 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Adult Community
  • Model: TERRACE 100
  • ResoLotFeatures: Back to Woods
  • Reso Association Fee Includes: Trash, Common Area, Exterior Maint, Fire/Liab, Golf Course, Mgmt Fees, Pool, Rec Facility, Snow Removal
  • Inclusions: Washer, Dishwasher, Dryer, Electric Cooking, Light Fixtures, Microwave, Stove, Refrigerator, Screens
  • Subdivision Name: Shadow Lake Vil
  • Architectural Style: Lower Level, Condo
  • Reso Interior Features: Sliding Door, Wall Mirror, Recessed Lighting
  • New Construction: No
  • Year Built: 1980
  • Contract Info List PriceSqFt: 253.47
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Exterior Maint: Yes
  • Fee Includes Pool3: Yes
  • Fee Includes Rec Facility: Yes
  • General Property Info Acreage: 0.34
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Lot Description Back to Woods: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • General Property Info Handicap Access: No
  • Interior Recessed Lighting: Yes
  • Included Electric Cooking: Yes
  • Included Light Fixtures: Yes
  • Living Room Floor - WW Carpet7: Yes
  • Dining Room Floor - WW Carpet6: Yes
  • Exterior Thermal Window: Yes
  • Included Screens: Yes
  • Exterior Storm Door(s): Yes
  • Interior Wall Mirror: Yes
  • Cooling Multi Units: Yes
  • Fee Includes Golf Course3: Yes
  • Dining Room Sliding Door3: Yes
  • Style Lower Level: Yes
  • SidingT111: Yes
  • Special Features: None

Interior Features

  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Stories: 1
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Slab: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Kitchen Pantry: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bedroom Level:First43: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.34
  • Waterfront: No
  • Exterior Features: Patio, Storm Door(s), Thermal Window
  • Foundation Details: Slab

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Assigned, On Street
  • General Property Info:Garage: No
  • Parking:Assigned: Yes
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Electric
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Senior Community: Yes
  • Association Fee: 413.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes
  • Association Fee Includes:Trash: Yes

Lot Info

  • Lot Size Sq Ft: 14810.4
  • Parcel #: 32-01011-0000-00580
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3085.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2021
Closed on
Jan 21, 2022
Sold by
Hebendahl Patricia A
Bought by
Farella Robert and Farella Lorraine
Seller's Agent
Justin Eberle
Coldwell Banker Realty
Buyer's Agent
Karen Sluyk
Peninsula Realty Group, Inc.
List Price
$219,000
Sold Price
$219,000
Current Estimated Value
$306,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,976
Avg. Annual Appreciation
9.27%
Original Mortgage
$119,000
Outstanding Balance
$110,290
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$196,686

Purchase Details

Closed on
Nov 23, 2009
Sold by
Hebendahl Gertrude
Bought by
Hebendahl Gertrude and Hebendahl Patricia A

Purchase Details

Closed on
Sep 30, 2005
Sold by
Smith Phillip T
Bought by
Hebendahl Gertrude

Purchase Details

Closed on
Jun 19, 2001
Sold by
Yodice Katherine
Bought by
Smith Phillip and Smith Georgia

Purchase Details

Closed on
Oct 6, 1995
Sold by
Smith Emily
Bought by
Yodice Katherine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Farella Robert $219,000 Land Title
Hebendahl Gertrude -- First American Title Ins Co
Hebendahl Gertrude $199,500 --
Smith Phillip $100,000 --
Smith Phillip $100,000 --
Yodice Katherine $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farella Robert $119,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2022 02/14/22 Sold $219,000 0.0% $253 / Sq Ft
12/16/2021 12/16/21 For Sale $219,000 0.0% $253 / Sq Ft
12/08/2021 12/08/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $219,000 0.0% $253 / Sq Ft
08/01/2015 08/01/15 Rented $15,300 -- --
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 $3,780 $272,100 $150,000 $122,100
2024 $3,511 $229,800 $110,000 $119,800
2023 $3,511 $202,000 $85,000 $117,000
2022 $3,095 $170,500 $65,000 $105,500
2021 $3,095 $148,800 $55,000 $93,800
2020 $3,085 $144,300 $50,000 $94,300
2019 $3,134 $148,400 $50,000 $98,400
2018 $2,928 $135,100 $40,000 $95,100
2017 $2,489 $117,200 $25,000 $92,200
2016 $2,472 $116,000 $35,000 $81,000
2015 $2,420 $113,300 $25,000 $88,300
2014 $2,314 $105,700 $25,000 $80,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Justin Eberle

    Coldwell Banker Realty

  • K

    Buyer's Agent in 2022

    Karen Sluyk

    Peninsula Realty Group, Inc.

  • C

    Seller's Agent in 2015

    Christine Stephan

    Coldwell Banker Realty

  • Sheila Bodner

    Buyer's Agent in 2015

    Sheila Bodner

    Compass New Jersey , LLC

    (732) 245-0681

    1 in this area

    13 Total Sales

    Sheila Bodner
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22130480

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 32-01011-0000-00580

New Jersey Monmouth County Red Bank 07701 New Monmouth

59 Western Reach, Red Bank, NJ

Not Listed for Sale

Condos

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Information is deemed reliable but not guaranteed.

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