NOT LISTED FOR SALE

70 Wallace St Unit 72 Red Bank, NJ 07701

Estimated Value: $752,715 - $959,000

6 Beds
2 Baths
1,216 Sq Ft
$698/Sq Ft Est. Value

Last Sold May 04, 2021

Last sale price $675,000 $555 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,573/month

7 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Red Bank Reg High School Rated A
  • Patio
  • Storm Doors

About This Home

As of May 2021

Fantastic Opportunity to own this spacious 2 family Duplex style home in a PRIME LOCATION in town. Each unit includes 3 bedrooms, eat-in-kitchen, dining room seats 10, cozy living room, hardwood floors throughout. Separate full basements for plenty of storage, full size W/D for each unit, central a/c Back deck for entertaining that overlooks large fenced in yard and patio area. Walking distance to downtown shopping, restaurants, schools, train/bus station. Both units are tenant occupied. Each Tenant pays all utilities, incl. water/sewer.Great investment opportunity awaits!

Last Agent to Sell the Property

Maria Orrico

Keller Williams Realty East Monmouth License #1863056 Listed on: 02/25/2021

Keller Williams Realty East Monmouth

Last Buyer's Agent

Nicole Kelly

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,601

Year Built

  • Built in 1904

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40 x 120
  • Fenced

Home Design

  • Duplex
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Storm Doors
  • Stove

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for hot water, water, sewer, heat, gas, electricity
  • Assessor Parcel Number 39-00048-0000-00017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,601

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Wood
  • New Construction: No
  • Year Built: 1904
  • 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
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 40 x 120
  • Location Middle School: Red Bank
  • Cooling Central Air: Yes
  • Water Heater Electric2: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • SidingAluminum: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • Exterior Storm Door(s): Yes
  • ExteriorDeck: Yes
  • Unit 1 Electric Stove3: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Stove2: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dryer2: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.11
  • Waterfront: No
  • Exclusions: Personal Property
  • Construction Type: Aluminum Siding
  • Exterior Features: Deck, Fence, Patio, Storm Door(s)

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street, None
  • General Property Info:Garage: No
  • Parking:On Street: Yes

Utilities

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

Schools

  • Middle Or Junior School: Red Bank

Lot Info

  • Lot Dimensions: 40 x 120
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 39-00048-0000-00017
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Water, Sewer, Heat, Gas, Electricity

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8601.0
  • Tax Other Annual Assessment Amount: 394000.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2024
Sold by
Scannell Anthony
Bought by
Scannell Anthony and Fadini Lisa
Total Days on Market
7
Current Estimated Value
$848,429

Purchase Details

Listed on
Feb 25, 2021
Closed on
Apr 28, 2021
Sold by
Placenti Joseph
Bought by
Scannell Anthony
Seller's Agent
Maria Orrico
Keller Williams Realty East Monmouth
Buyer's Agent
Nicole Kelly
Coldwell Banker Realty
List Price
$649,900
Sold Price
$675,000
Premium/Discount to List
$25,100
3.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.72%
Original Mortgage
$540,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2010
Sold by
Placenti Marie M and Placenti Joseph
Bought by
Placenti Joseph

Purchase Details

Closed on
Sep 9, 2002
Sold by
Lonneman Marcel
Bought by
Placenti Marie and Placenti Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Scannell Anthony -- None Listed On Document
Scannell Anthony $675,000 Break Water Title Agency Llc
Placenti Joseph -- None Available
Placenti Marie $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scannell Anthony $540,000
Previous Owner Placenti Joseph $205,000
Previous Owner Placenti Joseph $200,000
Previous Owner Placenti Marie $288,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2021 05/04/21 Sold $675,000 +3.9% $555 / Sq Ft
03/04/2021 03/04/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $649,900 -- $534 / 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 $12,844 $683,100 $286,800 $396,300
2023 $12,844 $672,100 $286,800 $385,300
2022 $9,181 $643,100 $256,700 $386,400
2021 $9,181 $410,400 $223,200 $187,200
2020 $8,952 $394,000 $223,200 $170,800
2019 $8,601 $389,000 $223,200 $165,800
2018 $8,372 $382,800 $223,200 $159,600
2017 $7,372 $349,400 $193,200 $156,200
2016 $7,278 $345,400 $193,200 $152,200
2015 $8,339 $410,200 $263,200 $147,000
2014 $7,847 $410,200 $263,200 $147,000
Source: Public Records

Agents Affiliated with this Home

  • Maria Orrico

    Seller's Agent in 2021

    Maria Orrico

    Keller Williams Realty East Monmouth

    (732) 737-4340

    2 in this area

    13 Total Sales

    Maria Orrico
    Section Image
  • Nicole Kelly

    Buyer's Agent in 2021

    Nicole Kelly

    Coldwell Banker Realty

    (732) 559-1737

    6 in this area

    95 Total Sales

    Nicole Kelly
    Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22104447

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00048-0000-00017

New Jersey Monmouth County Red Bank 07701

70 Wallace St Unit 72, Red Bank, NJ

This home is located at 70 Wallace St Unit 72, Red Bank, NJ 07701 since 25 February 2021 and is currently estimated at $848,429, approximately $697 per square foot. This property was built in 1904. 70 Wallace St Unit 72 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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