NOT LISTED FOR SALE

71 Boxwood Terrace Unit Building 5 Red Bank, NJ 07701

New Monmouth Neighborhood

Estimated Value: $313,000 - $394,000

2 Beds
2 Baths
1,124 Sq Ft
$274/mo HOA Fee

Last Sold May 24, 2021

Last sale price $205,000 $182 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $2,672/month

30 Days on Market

Highlights

  • In Ground Pool
  • Clubhouse
  • Built-In Features
  • Active Adult
  • Thermal Windows
  • Walk-In Closet

About This Home

As of May 2021

Windows galore! Spacious Sunny 2 bedroom, 2 Bath, 2nd floor, open floor plan in desirable Shady Oaks Adult community 55+. Enjoy maintenance free living with modest HOA. Community offers a relaxing lifestyle with pool, Clubhouse & Tennis with friends! Close to shopping, beach, entertainment & restaurants.

Last Agent to Sell the Property

Josephine Tsarnas

RE/MAX Revolution License #1649453 Listed on: 12/16/2020

RE/MAX Revolution

Last Buyer's Agent

Meghan Carroll

RE/MAX Elite License #1642729

RE/MAX Elite

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,102

Year Built

  • Built in 1982

Lot Details

  • 871

HOA Fees

  • $274 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Mirrored Walls
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,124 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Thermal Windows
  • Blinds
  • Window Screens
  • Living Room
  • Dining Room

Kitchen

  • Gas Cooktop
  • Stove
  • Range Hood
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Common or Shared Parking
  • Visitor Parking
  • Open Parking
  • Assigned Parking

Pool

  • In Ground Pool
  • Outdoor Pool

Utilities

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

Additional Features

  • Landscaped
  • Upper Level

Listing and Financial Details

  • Exclusions: Personal Items
  • Assessor Parcel Number 32-01014-0000-00256-0000-C0037

Community Details

Overview

  • Active Adult
  • Front Yard Maintenance
  • Association fees include trash, common area, exterior maint, lawn maintenance, mgmt fees, pool, snow removal
  • Shady Oaks Subdivision
  • On-Site Maintenance

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool
  • Snow Removal

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,102

Year Built

Built in 1982

Lot Details

0

HOA Fees

$274 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Adult Community
  • ResoPoolFeatures: Common, In Ground
  • Reso Association Amenities: Tennis Court, Professional Management, Association, Swimming, Pool, Clubhouse, Landscaping
  • Reso Association Fee Includes: Trash, Common Area, Exterior Maint, Lawn Maintenance, Mgmt Fees, Pool, Snow Removal
  • Inclusions: Washer, Window Treatments, Blinds/Shades, Dishwasher, Dryer, Stove, Stove Hood, Refrigerator, Screens, Gas Cooking
  • Subdivision Name: Shady Oaks
  • Architectural Style: Upper Level, Condo
  • Reso Flooring: Linoleum/Vinyl, W/W Carpet
  • Reso Interior Features: Built-Ins, Wall Mirror
  • New Construction: No
  • Property Attached Yn: Yes
  • Year Built: 1982
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Assigned Parking: Yes
  • General Property Info # Parking Spaces2: 1.0
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Style Attached2: Yes
  • WaterSewer Public Sewer: Yes
  • Exterior Swimming: Yes
  • Common Elements Pool4: Yes
  • Pool Common2: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Exterior Maint: Yes
  • Fee Includes Pool3: Yes
  • General Property Info Acreage: 0.02
  • General Property Info Farm: No
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Kitchen Floor - LinoleumVinyl4: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Included BlindsShades: Yes
  • Included Stove Hood: Yes
  • Living Room Floor - WW Carpet7: Yes
  • Dining Room Floor - WW Carpet6: Yes
  • Exterior Thermal Window: Yes
  • Common Elements Clubhouse: Yes
  • Included Screens: Yes
  • Included Window Treatments: Yes
  • Common Elements Landscaping: Yes
  • SidingBrick: Yes
  • Interior Wall Mirror: Yes
  • Exterior Tennis Court(s): Yes
  • Common Elements Tennis Court: Yes
  • Living Room Built-Ins2: Yes
  • Parking Visitor: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Total Bedrooms: 5
  • Stories: 1
  • Basement:None2: Yes
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bedroom:Walk-in Closet: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.02
  • Waterfront: No
  • Exclusions: Personal Items
  • Construction Type: Brick
  • Exterior Features: Swimming, Thermal Window, Tennis Court(s)
  • Exterior Features:Pool-In Ground: Yes
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Open, Assigned, Common, Visitor
  • Total Parking Spaces: 1.0
  • General Property Info:Garage: No
  • Parking:Assigned: Yes
  • Parking Open: Yes
  • GarageParking:Common: Yes

Utilities

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

Condo/Co-op/Association

  • Senior Community: Yes
  • Association Fee: 823.0
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Fee Includes Lawn Maintenance: Yes

Association/Amenities

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

Lot Info

  • Lot Size Sq Ft: 871.2
  • Parcel #: 32-01014-0000-00256-0000-C0037
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 4102.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2020
Closed on
Jun 2, 2021
Sold by
Biehl Mary and Spedaliere Brenda J
Bought by
Jones Laura D and Silver Adela
Seller's Agent
Josephine Tsarnas
RE/MAX Revolution
Buyer's Agent
Meghan Carroll
RE/MAX Elite
List Price
$249,000
Sold Price
$205,000
Premium/Discount to List
-$44,000
-17.67%
Current Estimated Value
$367,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,862
Avg. Annual Appreciation
14.21%
Interest Rate
2.95%

Purchase Details

Listed on
Dec 16, 2020
Closed on
May 24, 2021
Sold by
Spedaliere Brenda J and Estate Of Mary Biehl
Bought by
Jones Laura D and Silver Adela
Seller's Agent
Josephine Tsarnas
RE/MAX Revolution
Buyer's Agent
Meghan Carroll
RE/MAX Elite
List Price
$249,000
Sold Price
$205,000
Premium/Discount to List
-$44,000
-17.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
2.95%
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
Jones Laura D $205,000 --
Jones Laura D $205,000 Trident Abstract Ttl Agcy Ll
Jones Laura D $205,000 Trident Abstract Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jones Laura D --
Open Jones Laura D $208,000
Closed Jones Laura D $20,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2021 05/24/21 Sold $205,000 -17.7% $182 / Sq Ft
01/15/2021 01/15/21 Pending -- -- --
12/16/2020 12/16/20 For Sale $249,000 -- $222 / 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 $5,350 $330,900 $170,000 $160,900
2024 $4,806 $325,200 $165,000 $160,200
2023 $4,806 $276,500 $120,000 $156,500
2022 $3,895 $213,200 $60,000 $153,200
2021 $3,895 $216,200 $80,000 $136,200
2020 $4,169 $195,000 $60,000 $135,000
2019 $4,102 $194,200 $60,000 $134,200
2018 $3,894 $179,700 $50,000 $129,700
2017 $3,689 $173,700 $48,000 $125,700
2016 $3,742 $175,600 $65,000 $110,600
2015 $3,153 $159,300 $50,000 $109,300
2014 $3,031 $149,900 $50,000 $99,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22043239

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 32-01014-0000-00256-0000-C0037