NOT LISTED FOR SALE

88 Portland Rd Unit 5 Highlands, NJ 07732

Estimated Value: $1,029,000 - $1,736,588

5 Beds
4.5 Baths
4,000 Sq Ft
$329/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $1,800,000 $450 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $8,785/month

60 Days on Market

Highlights

  • Beach Front
  • Dock has access to electricity and water
  • Custom Home
  • Ocean View
  • New Construction
  • 0.57 Acre Lot

About This Home

As of April 2021

Ready for immediate occupancy! New WATERFRONT and BEACHFRONT ESTATE is one of 6 custom homes in a PRIVATE ENCLAVE called DEAUVILLE BEACH PARK which sits atop the SHREWSBURY RIVER and overlooks the ATLANTIC OCEAN. TAX ABATED FOR 5 YEARS! Private deep-water dock makes this location prime for BOATERS, FISHERMEN and BEACH LOVERS. Finished basements, large windows and balconies, 2 car garage, paver drive, private and tranquil location add to the ambiance. Just imagine the SUNRISES and SUNSETS that you'll enjoy every day! Minutes to high speed Manhattan ferry

Last Agent to Sell the Property

Kathryn Ward Grabowy

Berkshire Hathaway HomeServices Fox & Roach - Rumson Listed on: 01/02/2021

Last Buyer's Agent

Gina Farkouh

Gloria Nilson & Co. Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,333

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 0.57 Acre Lot
  • Beach Front
  • River Front
  • Street terminates at a dead end
  • Sprinkler System

Parking

  • 2 Car Direct Access Garage
  • Oversized Parking
  • Garage Door Opener
  • Double-Wide Driveway
  • Paver Block

Property Views

  • Ocean
  • Bay
  • River

Home Design

  • Custom Home
  • Contemporary Architecture
  • Shingle Roof

Interior Spaces

  • 4,000 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Crown Molding
  • Ceiling height of 9 feet on the main level
  • 2 Fireplaces
  • Gas Fireplace
  • ENERGY STAR Qualified Windows with Low Emissivity
  • Insulated Windows
  • Window Screens
  • French Doors
  • Sliding Doors
  • Insulated Doors
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Home Office
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Microwave
  • Granite Countertops

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary bedroom located on second floor
  • Walk-In Closet
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom

Home Security

  • Home Security System
  • Storm Windows
  • Storm Doors

Eco-Friendly Details

  • Energy-Efficient Appliances

Outdoor Features

  • Riparian Grant
  • Riparian rights to water flowing past the property
  • Dock has access to electricity and water
  • Balcony
  • Patio
  • Porch

Schools

  • Highlands Elementary School
  • Henry Hudson Reg Middle School
  • Trinity Hall High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Tankless Water Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Deauville Beach Pk Subdivision

Listing and Financial Details

  • Assessor Parcel Number 19-00001-0000-00015

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,333

Year Built

Built in 2019 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Beachfront, Dead End Street, Riparian Rts, Riverfront, Riverview
  • Inclusions: Microwave, Security System, Refrigerator, Screens, Garage Door Opener, Gas Cooking
  • Subdivision Name: Deauville Beach Pk
  • Architectural Style: Custom, Contemporary
  • Reso Flooring: Laminate
  • Reso Interior Features: Ceilings - 9Ft+ 1st Flr, Dec Molding, French Doors, In-Law Suite, Sliding Door, Wet Bar
  • New Construction: Yes
  • ResoWindowFeatures: Insulated Windows, Windows: Low-e Window Coating
  • Year Built: 2019
  • Contract Info New Construction: Yes
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • Interior Sliding Door: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • ExteriorPatio: Yes
  • Garage Direct Entry: Yes
  • General Property Info Acreage: 0.57
  • Location Middle School: Henry Hudson Reg
  • Living Room Floor - Wood2: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Laundry: Yes
  • Rooms Living Room: Yes
  • Included Gas Cooking: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Parking Double Wide Drive: Yes
  • General Property Info # Fireplaces: 2.0
  • Interior Dec Molding: Yes
  • Interior French Doors: Yes
  • Lot Description Dead End Street: Yes
  • Exterior Porch - Open: Yes
  • Exterior Sprinkler Under: Yes
  • Included Screens: Yes
  • Living Room Fireplace - Gas7: Yes
  • Rooms Garage4: Yes
  • Foyer Floor - Wood: Yes
  • Dining Room Dec Molding4: Yes
  • Kitchen GraniteStone Counter: Yes
  • Interior In-Law Suite: Yes
  • Living Room Dec Molding3: Yes
  • Floors Laminate: Yes
  • Garage Oversized: Yes
  • Kitchen Floor - Wood4: Yes
  • Included Security System2: Yes
  • Water Type Bayview: Yes
  • Exterior Dock: Yes
  • Exterior WaterElect Dock: Yes
  • Parking Paver Block: Yes
  • Living Room Sliding Door2: Yes
  • Lot Description Riverfront2: Yes
  • Water Type Riverfront: Yes
  • Exterior Security System3: Yes
  • General Property Info # UnitsBldgs: 5.0
  • Water Type Beachfront: Yes
  • Water Type Riverview: Yes
  • Lot Description Beachfront2: Yes
  • Lot Description Riparian Rts: Yes
  • Water Type Riparian Rights: Yes
  • Lot Description Riverview2: Yes
  • Cooling 3 Zoned AC: Yes
  • Heating 3 Zoned Heat: Yes
  • Energy Features:Energy Appliances: Yes
  • Energy Features:Storm Doors: Yes
  • Energy Features Program Thermostat: Yes
  • Energy Features Storm Windows: Yes
  • Energy Features Insulated Doors: Yes
  • Energy Features Windows Energy Star Rated: Yes
  • Energy Features Windows Low-e Window Coating: Yes
  • Special Features: NewHome

Interior Features

  • Basement: Finished, Full, Full Finished
  • Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplaces: 2
  • Total Bedrooms: 17
  • Stories: 3
  • Basement Finished: Yes
  • Full Basement: Yes
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave: Yes
  • Other Rooms:Foyer: Yes
  • Appliances:Water Heater - Tankless: Yes
  • Other Rooms:Office2: Yes
  • Features Interior:Wet Bar: Yes
  • Primary Bedroom Level:Second43: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bath Double Sinks: Yes
  • Primary Bedroom Fireplace - Gas2: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.57
  • Waterfront Features: Bayview, Beachfront, Oceanview, Riparian Grants, Riparian Rights, Riverfront, Riverview
  • Waterfront: Yes
  • Exterior Features: Balcony, Dock, Patio, Pier Dock, Porch - Open, Security System, Sprinkler Under, Water/Elect @ Dock

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Paver Block, Double Wide Drive, Driveway, Direct Access, Oversized
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • _pound_ AppliancesIncluded:Garage Door Opener: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 3+ Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Henry Hudson Reg

Lot Info

  • Lot Size Sq Ft: 24829.2
  • Parcel #: 19-00001-0000-00015
  • Zoning Description: Residential, Single Family, Neighborhood

Green Features

  • Energy Features Insulated Windows: Yes

Multi Family

  • Number Of Units Total: 5

MLS Schools

  • Elementary School: Highlands
  • High School: Trinity Hall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2021
Closed on
Mar 18, 2021
Sold by
Home & Land Development Corp
Bought by
Springsteen David and Springsteen Patricia
Seller's Agent
Kathryn Ward Grabowy
Berkshire Hathaway HomeServices Fox & Roach - Rumson
Buyer's Agent
Gina Farkouh
Gloria Nilson & Co. Real Estate
List Price
$1,875,000
Sold Price
$1,800,000
Premium/Discount to List
-$75,000
-4%
Current Estimated Value
$1,295,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$504,902
Avg. Annual Appreciation
-3.94%
Original Mortgage
$1,500,000
Outstanding Balance
$1,354,426
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$159,574

Purchase Details

Closed on
Nov 5, 2018
Sold by
Giaramita Philip and Richmond Marie
Bought by
Home & Land Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.8%
Mortgage Type
Construction

Purchase Details

Closed on
May 4, 1989
Bought by
Giaramita Philip and Richmond Marie
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
Springsteen David $1,900,000 Trident Abstract Ttl Agcy Ll
Springsteen David $1,900,000 Trident Abstract Title
Home & Land Development Corp $550,000 Fidelity National Title Insu
Giaramita Philip -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Springsteen David $1,500,000
Closed Springsteen David $1,500,000
Previous Owner Home & Land Development Corp $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $1,800,000 -4.0% $450 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
01/02/2021 01/02/21 For Sale $1,875,000 -- $469 / 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 $20,333 $1,074,700 $240,800 $833,900
2023 $20,333 $1,013,600 $240,800 $772,800
2022 $22,815 $952,600 $240,800 $711,800
2021 $22,815 $222,600 $218,900 $3,700
2020 $5,437 $218,900 $218,900 $0
2019 $6,184 $218,900 $218,900 $0
2018 $9,656 $344,600 $218,900 $125,700
2017 $9,690 $344,600 $218,900 $125,700
2016 $9,535 $344,600 $218,900 $125,700
2015 $9,595 $343,300 $218,900 $124,400
2014 $8,974 $332,600 $218,900 $113,700
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kathryn Ward Grabowy

    BHHS Fox & Roach

  • G

    Buyer's Agent in 2021

    Gina Farkouh

    BHHS Fox & Roach

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22100065

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 19-00003-0000-00008

New Jersey Monmouth County Highlands 07732

88 Portland Rd Unit 5, Highlands, NJ

This home is located at 88 Portland Rd Unit 5, Highlands, NJ 07732 since 02 January 2021 and is currently estimated at $1,314,897, approximately $328 per square foot. This property was built in 2019. 88 Portland Rd Unit 5 is a home located in Monmouth County with nearby schools including Highlands Elementary School, Henry Hudson Regional School, and Holy Cross 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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