NOT LISTED FOR SALE

79 Herbert St Red Bank, NJ 07701

Estimated Value: $739,242 - $794,000

5 Beds
3 Baths
1,856 Sq Ft
$410/Sq Ft Est. Value

Last Sold January 22, 2021

Last sale price $520,000 $280 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,059/month

10 Days on Market

Highlights

  • Multiple cooling system units
  • Forced Air Heating System
  • 5-minute walk to Bellhaven Nature Area
  • Red Bank Reg High School Rated A

About This Home

As of January 2021

*Investor Opportunity* in RED HOT Red Bank! Check Out This Income Generating 3 Family Home. First unit has 2 beds, 1 full bath, Kitchen and Living Room. Second unit has 2 Beds, Kitchen and 1 Full Bath. Third unit has 1 Bed, Kitchen and 1 Full Bath. Double wide driveway for plenty of parking. 2 storage sheds in spacious backyard. Units are separately metered. Conveniently located nears schools, shopping, train and GSP. Longtime tenants in all units. Don't Miss It!

Last Agent to Sell the Property

Jason Gumnitz

RE/MAX Central License #1221734 Listed on: 10/08/2020

Last Buyer's Agent

Roman Balandin

Roman Balandin Realty LLC License #1008501

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,845

Year Built

  • Built in 1920

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 48 x 116

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Multiple cooling system units
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 39-00067-0000-00013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,845

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Subdivision Name: None
  • Year Built: 1920
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 48 x 116
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Cooling Multi Units: Yes
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access, Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 2
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Acres: 0.13
  • Waterfront: No

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

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

Lot Info

  • Lot Dimensions: 48 x 116
  • Lot Size Sq Ft: 5662.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 39-00067-0000-00013
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7845.0
  • Tax Other Annual Assessment Amount: 400000.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Jan 21, 2021
Sold by
Vander Properties Llc
Bought by
Schifman Michael and Young Joshua
Seller's Agent
Jason Gumnitz
RE/MAX Central
Buyer's Agent
Roman Balandin
Roman Balandin Realty LLC
List Price
$499,900
Sold Price
$520,000
Premium/Discount to List
$20,100
4.02%
Current Estimated Value
$760,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,311
Avg. Annual Appreciation
8.38%
Original Mortgage
$390,000
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 8, 2020
Closed on
Dec 4, 2020
Sold by
Konstantoulas Vanessa
Bought by
Vander Properties Llc
Seller's Agent
Jason Gumnitz
RE/MAX Central
Buyer's Agent
Roman Balandin
Roman Balandin Realty LLC
List Price
$499,900
Sold Price
$520,000
Premium/Discount to List
$20,100
4.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2020
Sold by
Konstantoulas Vanessa
Bought by
Vander Properties Llc

Purchase Details

Listed on
Feb 3, 2016
Closed on
Aug 17, 2016
Sold by
Jack B Rose
Bought by
Konstantoulas Vanessa
Seller's Agent
Jeffrey Palumbo
Coldwell Banker Realty
Buyer's Agent
Jason Gumnitz
Keller Williams Realty West Monmouth
Sold Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.65%
Original Mortgage
$264,550
Interest Rate
3.45%

Purchase Details

Closed on
Dec 28, 2007
Sold by
Carmen Ilarazza Theodore and Carmen Ilarazza
Bought by
Rose Jack B and Rose Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 27, 1993
Sold by
Louis Scotti
Bought by
Ilarraza Theodore and Ilarraza Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.11%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Schifman Michael $520,000 National Title
Schifman Michael $520,000 National Title
Vander Properties Llc -- None Available
Vander Properties Llc -- None Listed On Document
Vander Properties Llc -- None Listed On Document
Konstantoulas Vanessa -- --
Rose Jack B $350,000 Coastal Title Agency Inc
Ilarraza Theodore $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schifman Michael $390,000
Previous Owner Konstantoulas Vanessa $264,550
Previous Owner Konstantoulas Vanessa --
Previous Owner Rose Jack B $262,500
Previous Owner Ilarraza Theodore $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/22/2021 01/22/21 Sold $520,000 +4.0% $280 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $499,900 +66.6% $269 / Sq Ft
08/03/2016 08/03/16 Sold $300,000 -- $162 / Sq Ft View Prior Sale
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 $12,341 $685,200 $176,300 $508,900
2024 $10,417 $653,300 $200,000 $453,300
2023 $10,417 $545,100 $138,100 $407,000
2022 $10,304 $516,700 $127,100 $389,600
2021 $10,304 $460,600 $105,900 $354,700
2020 $9,088 $400,000 $105,900 $294,100
2019 $7,845 $354,800 $100,900 $253,900
2018 $7,554 $345,400 $100,900 $244,500
2017 $7,043 $333,800 $90,900 $242,900
2016 $6,900 $327,500 $90,900 $236,600
2015 $7,355 $361,800 $130,400 $231,400
2014 $6,544 $342,100 $190,900 $151,200
Source: Public Records

Agents Affiliated with this Home

  • Jason Gumnitz

    Seller's Agent in 2021

    Jason Gumnitz

    RE/MAX

    (833) 690-4956

    3 in this area

    428 Total Sales

    Jason Gumnitz
    Section Image
  • Roman Balandin

    Buyer's Agent in 2021

    Roman Balandin

    Roman Balandin Realty LLC

    (732) 786-3838

    2 in this area

    398 Total Sales

    Roman Balandin
    Section Image
  • George Pavlushkin

    Buyer Co-Listing Agent in 2021

    George Pavlushkin

    RE/MAX

    (732) 984-8300

    2 in this area

    398 Total Sales

    George Pavlushkin
    Section Image

  • J

    Seller's Agent in 2016

    Jeffrey Palumbo

    Coldwell Banker Realty

    (732) 567-1211

    7 Total Sales

    Jeffrey Palumbo
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22036419

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00067-0000-00013

New Jersey Monmouth County Red Bank 07701

79 Herbert St, Red Bank, NJ

This home is located at 79 Herbert St, Red Bank, NJ 07701 since 08 October 2020 and is currently estimated at $760,311, approximately $409 per square foot. This property was built in 1920. 79 Herbert St 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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