NOT LISTED FOR SALE

8 Tower Hill Dr Unit 18 Red Bank, NJ 07701

Estimated Value: $506,000 - $579,000

2 Beds
2 Baths
1,054 Sq Ft
$516/Sq Ft Est. Value

Last Sold October 21, 2024

Last sale price $525,000 $498 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,914/month

13 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • End Unit
  • Red Bank Regional High School Rated A
  • Attic
  • Tennis Courts

About This Home

As of October 2024

Please submit Highest and Best by Wednesday August 28th at 5pm. Elevate your lifestyle with this beautifully designed home that effortlessly combines comfort, convenience, & charm. Enjoy your mornings & evenings on one of the two private outdoor patios. Inside, hardwood floors flow throughout, & a cozy fireplace invites you to unwind during the winter months. In the summer, take advantage of the community's pool or challenge friends to a game on the pickleball/tennis court. This 2-BD, 2-BA home is truly turnkey, offering low-maintenance living in the tranquil setting of Tower Hill. The complex feels like a secluded retreat yet is conveniently located near downtown & local beaches. Oversized garage provides ample storage space. Pet-friendly community. Commuters will appreciate the easy access to NYC via bus, train, or ferry. Don't miss out on this rare opportunity to live in one of the most desirable locations in town! (Room sizes are approx, sq ft is based on tax records.)

Last Agent to Sell the Property

Dana Cirincione

Berkshire Hathaway HomeServices Fox & Roach - Rumson License #1646487 Listed on: 08/22/2024

Berkshire Hathaway HomeServices Fox & Roach - Rumson

Last Buyer's Agent

Michelle Ann Rucci

Diane Turton, Realtors-Sea Girt License #2184368

Diane Turton, Realtors-Sea Girt

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,067

Year Built

  • Built in 1981

Lot Details

  • 1,307 Sq Ft Lot
  • End Unit
  • Landscaped

HOA Fees

  • $465 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Oversized Parking
  • Common or Shared Parking
  • Open Parking

Home Design

  • Pitched Roof
  • Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 1,054 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Ceiling Fan
  • Wood Burning Fireplace
  • Blinds
  • Sliding Doors
  • Living Room
  • Dining Room
  • Wood Flooring
  • Attic

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on third floor
  • Walk-In Closet
  • 2 Full Bathrooms
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Patio
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 39-00052-01-00001-08

Community Details

Overview

  • Front Yard Maintenance
  • Association fees include trash, common area, exterior maint, lawn maintenance, mgmt fees, pool, sewer, snow removal, water
  • Tower Hill Subdivision
  • On-Site Maintenance

Recreation

  • Tennis Courts
  • Community Pool
  • Snow Removal

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Common Area
  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,067

Year Built

Built in 1981

Lot Details

0

HOA Fees

$465 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • ResoPoolFeatures: In Ground
  • Reso Association Amenities: Tennis Court, Professional Management, Association, Pool, Common Area, Landscaping
  • Reso Association Fee Includes: Trash, Common Area, Exterior Maint, Lawn Maintenance, Mgmt Fees, Pool, Sewer, Snow Removal, Water
  • Inclusions: Washer, Blinds/Shades, Ceiling Fan(s), Dishwasher, Dryer, Stove, Refrigerator, Fireplace Equipment
  • Subdivision Name: Tower Hill
  • Architectural Style: End Unit, Townhouse
  • Reso Flooring: Wood
  • Reso Interior Features: Attic, Built-Ins, Sliding Door
  • Property Attached Yn: Yes
  • Year Built: 1981
  • Contract Info List PriceSqFt: 454.46
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info Assigned Parking: No
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Style Attached2: Yes
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • Common Elements Common Area: Yes
  • Common Elements Pool4: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Exterior Maint: Yes
  • Fee Includes Pool3: Yes
  • Garage Direct Entry: Yes
  • General Property Info Acreage: 0.03
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Laundry: Yes
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • General Property Info # Fireplaces: 1.0
  • Interior Attic: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Included BlindsShades: Yes
  • Style Townhouse: Yes
  • Included Ceiling Fan(s): Yes
  • Common Elements Landscaping: Yes
  • Rooms Garage4: Yes
  • Living Room Fireplace - Woodburning2: Yes
  • Garage Oversized: Yes
  • Kitchen Floor - Wood4: Yes
  • Common Elements Tennis Court: Yes
  • Living Room Sliding Door2: Yes
  • Style End Unit: Yes
  • Roof Sloping: Yes
  • Dining Room Sliding Door3: Yes
  • SidingStucco: Yes
  • Dining Room Built-Ins3: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Stories: 3
  • 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 - Wood6: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bedroom Level Third43: Yes

Exterior Features

  • Roof: Sloping, Shingle
  • Acres: 0.03
  • Waterfront: No
  • Exterior Features: Patio, Lighting
  • Exterior Features:Pool-In Ground: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Open, Paved, Common, Direct Access, Oversized
  • General Property Info:Garage: Yes
  • Parking:Paved: Yes
  • Parking Open: Yes
  • GarageParking:Common: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: 465.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Fee Includes Lawn Maintenance: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes
  • Association Fee Includes:Trash: Yes
  • Association Fee Includes:Sewer: Yes
  • AssociationHOA Fee Includes:Water: Yes

Lot Info

  • Lot Size Sq Ft: 1306.8
  • Parcel #: 39-00052-01-00001-08
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7067.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Nov 18, 2024
Sold by
8 Tower Hill Llc
Bought by
Gallagher Matthew G
Seller's Agent
Dana Cirincione
Berkshire Hathaway HomeServices Fox & Roach - Rumson
Buyer's Agent
Michelle Ann Rucci
Diane Turton, Realtors-Sea Girt
List Price
$479,000
Sold Price
$525,000
Premium/Discount to List
$46,000
9.6%
Views
57
Current Estimated Value
$543,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,809
Avg. Annual Appreciation
3.16%
Original Mortgage
$355,000
Outstanding Balance
$351,466
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$192,343

Purchase Details

Listed on
Feb 20, 2019
Closed on
Mar 4, 2019
Sold by
Melesurgo Michael A
Bought by
8 Tower Hill Llc
Seller's Agent
Dana Cirincione
Heritage House Sotheby's International Realty
Buyer's Agent
Dana Cirincione
Berkshire Hathaway HomeServices Fox & Roach - Rumson
Sold Price
$30,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.99%

Purchase Details

Listed on
Feb 20, 2019
Closed on
Feb 12, 2019
Sold by
Slivasi Gabriel
Bought by
Melesurgo Michael A
Seller's Agent
Dana Cirincione
Heritage House Sotheby's International Realty
Buyer's Agent
Dana Cirincione
Berkshire Hathaway HomeServices Fox & Roach - Rumson
Sold Price
$30,000

Purchase Details

Closed on
Feb 28, 2010
Sold by
Carran Farrell
Bought by
Silvasi Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 1997
Sold by
Vannote Gordon
Bought by
Thompson Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
7.47%

Purchase Details

Closed on
Jul 12, 1994
Sold by
First Savings Bank
Bought by
Vannote Gordon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
8.51%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gallagher Matthew G $525,000 Surety Title
Gallagher Matthew G $525,000 Surety Title
Gallagher Matthew G $525,000 Surety Title
8 Tower Hill Llc -- First Integrity Title Agency
Melesurgo Michael A $290,000 Fidelity Natl Title Ins Co
Silvasi Gabriel $320,000 None Available
Thompson Amy $137,500 --
Vannote Gordon $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallagher Matthew G $355,000
Closed Gallagher Matthew G $355,000
Previous Owner Silvasi Gabriel $256,000
Previous Owner Thompson Amy $113,000
Previous Owner Vannote Gordon $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2024 10/21/24 Sold $525,000 +9.6% $498 / Sq Ft
09/05/2024 09/05/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $479,000 0.0% $454 / Sq Ft
08/16/2024 08/16/24 Off Market $479,000 -- --
02/26/2019 02/26/19 Rented $30,000 0.0% --
02/13/2019 02/13/19 Sold $290,000 -- $275 / 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 $7,067 $452,800 $292,800 $160,000
2024 $7,067 $372,400 $218,800 $153,600
2023 $7,067 $369,800 $220,500 $149,300
2022 $5,086 $344,200 $201,300 $142,900
2021 $5,086 $305,100 $175,000 $130,100
2020 $6,559 $288,700 $170,000 $118,700
2019 $6,306 $285,200 $170,000 $115,200
2018 $6,143 $280,900 $170,000 $110,900
2017 $6,066 $287,500 $170,000 $117,500
2016 $5,992 $284,400 $170,000 $114,400
2015 $6,353 $312,500 $250,000 $62,500
2014 $5,978 $312,500 $250,000 $62,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22423109

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00052-01-00001-08