NOT LISTED FOR SALE

8 Elm Place Red Bank, NJ 07701

Estimated Value: $724,060 - $831,000

3 Beds
1 Bath
1,426 Sq Ft
$537/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $487,500 $342 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $4,989/month

6 Days on Market

Highlights

  • Solar Power System
  • Colonial Architecture
  • No HOA
  • Red Bank Reg High School Rated A
  • Wood Flooring
  • Den

About This Home

As of December 2020

Hard to believe this warm 3/4 bedroom single family home is available in most desirable Red Bank!!! Custom solid wood cabinets and corian counters in spacious eat-in kitchen, with skylight bringing sunshine from morning thru afternoon. Den/fourth bedrm on main floor; Long backyard and front foyer to sit and look out at everything happening outside; Solar panels are not leased, owned by seller. Full updated, strong attic wpull down stairs. Located on a lovely quiet block, yet close to shopping, transportation, excellent restaurants, parks and the water, too! Yes, Red Bank can work as a very active and hopping town with something for everyone. This house is a fantastic place to hang your hat. There are not many properties available in Red Bank, so hurry to this priced to sell home.

Last Agent to Sell the Property

Janis Crane

RE/MAX Gateway License #0572744 Listed on: 10/30/2020

RE/MAX Gateway

Last Buyer's Agent

Lisa English

O'Brien Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,450

Lot Details

  • 5,271

Home Design

  • Colonial Architecture
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Skylights
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Den
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • No Garage
  • Driveway
  • On-Street Parking

Eco-Friendly Details

  • Solar Power System
  • Solar owned by seller

Schools

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

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: personal property. Also, Jennair is not working, as is.
  • Assessor Parcel Number 39000570000000006

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,450

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subdivision Name: None
  • Architectural Style: Colonial, 2 Story
  • Reso Flooring: Cement
  • Reso Interior Features: Attic - Pull Down Stairs, Den, Skylight
  • New Construction: No
  • Green Power: Solar Panels Owned
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 35 x 150 per tax record
  • Location Middle School: Red Bank
  • Interior Attic - Pull Down Stairs: Yes
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Den: Yes
  • Garage None4: Yes
  • Kitchen Eat-In: Yes
  • Exterior Solar Panels: Yes
  • Kitchen Skylight4: Yes
  • Style 2 Story: Yes
  • Energy Features Solar Panels Owned: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Full, Unfinished
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Total Bedrooms: 9
  • Stories: 2
  • Full Basement: Yes
  • Other Rooms:Dining Room: Yes
  • Basement:Unfinished: Yes
  • Other Rooms:Foyer: Yes
  • Other Rooms:Den2: Yes
  • Features Interior:Skylight: Yes

Exterior Features

  • Roof: Shingle
  • Topography: Level
  • Waterfront: No
  • Exclusions: personal property. Also, Jennair is not working, as is.
  • Exterior Features: Solar Panels

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Radiator, HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Red Bank

Lot Info

  • Lot Dimensions: 35 x 150 per tax record
  • Parcel #: 39000570000000006
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8450.0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2020
Closed on
Dec 17, 2020
Sold by
Cosgrove Thomas A and Cosgrove Arlene J
Bought by
Lomauro Michael and Patterson Colleen
Seller's Agent
Janis Crane
RE/MAX Gateway
Buyer's Agent
Lisa English
O'Brien Realty, LLC
List Price
$499,999
Sold Price
$487,500
Premium/Discount to List
-$12,499
-2.5%
Current Estimated Value
$754,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,954
Avg. Annual Appreciation
9.31%
Original Mortgage
$438,750
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2009
Sold by
Cosgrove Thomas A and Placer Arlene J
Bought by
Cosgrove Thomas A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lomauro Michael $487,500 All Ahead Title Agency
Cosgrove Thomas A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lomauro Michael $438,750
Previous Owner Cosgrove Thomas A $70,935
Previous Owner Cosgrove Thomas A $100,000
Previous Owner Cosgrove Thomas A $50,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $487,500 -2.5% $342 / Sq Ft
11/05/2020 11/05/20 Pending -- -- --
10/29/2020 10/29/20 For Sale $499,999 -- $351 / 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 $10,293 $610,500 $324,000 $286,500
2023 $10,293 $538,600 $293,300 $245,300
2022 $8,145 $512,500 $277,700 $234,800
2021 $8,145 $403,000 $222,100 $180,900
2020 $8,795 $387,100 $222,100 $165,000
2019 $8,450 $382,200 $222,100 $160,100
2018 $8,230 $376,300 $222,100 $154,200
2017 $7,919 $375,300 $222,100 $153,200
2016 $7,823 $371,300 $222,100 $149,200
2015 $7,486 $380,500 $262,100 $118,400
2014 $7,029 $380,500 $262,100 $118,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22038924

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00057-0000-00006