$575,000
SOLD AUG 16, 2023

99 River St Red Bank, NJ 07701

5 Beds
3 Baths
2,524 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$228 Per Sq Ft

6% Below List Price

71 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Hot Water Heating System
  • Red Bank Reg High School Rated A
  • Zoned Heating
  • 3-minute walk to Johnny Jazz Park

About This Home

As of August 2023

Great potential with this 3 family house ! Close to stores and only a few blocks to the Train & Bus Stations. Rents are way below market value. Tenants pay their own electric. Owners pay for Gas (heat, HW & stoves); water & sewer, and common electric.One of the units has separate cooking gas. All tenants are currently month to month. Apt 1 & 2 receive Section 8 Assistance.

Last Agent to Sell the Property

James Giannell

New Markets Realty Inc License #7844904 Listed on: 04/08/2023

Last Buyer's Agent

Lilly Shamam

Keller Williams Realty East Monmouth License #2192655

Keller Williams Realty East Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,662

Year Built

  • Built in 1915

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 55.75x128.5x128.5x55.75
  • Level Lot

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,524 Sq Ft Home
  • 2-Story Property
  • Storm Doors
  • Stove

Flooring

  • Wood
  • Linoleum
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 3 Parking Spaces
  • No Garage
  • Common or Shared Parking
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Deck

Schools

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

Utilities

  • Zoned Heating
  • Radiant Heating System
  • Hot Water Heating System
  • Separate Meters
  • Natural Gas Water Heater

Listing and Financial Details

  • Exclusions: Items that belong to tenants
  • Tenant pays for hot water, electricity
  • The owner pays for water, sewer, heat, gas
  • Assessor Parcel Number 39-00078-0000-00007

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $214
  • Fuel Expense $1,895
  • Water Sewer Expense $3,049

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,662

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Reso Flooring: Wood, Laminate, Linoleum, Ceramic Tile
  • New Construction: No
  • Year Built: 1915
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 55.75x128.5x128.5x55.75
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • Exterior Storm Door(s): Yes
  • ExteriorDeck: Yes
  • Floors Linoleum: Yes
  • General Property Info # Parking Spaces: 3.0
  • Unit 1 Electric Meter: Yes
  • Unit 2 Electric Meter2: Yes
  • Floors Laminate2: Yes
  • Cooling Single Zone Heat: Yes
  • Income Expenses Electric Expense: 214.0
  • Income Expenses WaterSewer Expense: 3049.0
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 2 Gas Stove2: Yes
  • Income Expenses Gas Expense: 1895.0
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Acres: 0.16
  • Waterfront: No
  • Exclusions: Items that belong to tenants
  • Exterior Features: Deck, Storm Door(s)
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, Common, Off Street, None
  • Total Parking Spaces: 3.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • GarageParking:Common: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Radiant
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Radiant: Yes
  • Heating:Hot Water2: Yes

Fee Information

  • Annual Water Sewer Expense: 3049.0

Lot Info

  • Lot Dimensions: 55.75x128.5x128.5x55.75
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 39-00078-0000-00007
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Electricity
  • Owner Pays: Water, Sewer, Heat, Gas

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9661.7
  • Tax Other Annual Assessment Amount: 508800.0

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 214.0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2023
Closed on
Aug 14, 2023
Sold by
Falzone Vincenzo and Cannizzaro Frank
Bought by
Alcine Enock
Seller's Agent
James Giannell
New Markets Realty Inc
Buyer's Agent
Lilly Shamam
Keller Williams Realty East Monmouth
List Price
$609,900
Sold Price
$575,000
Premium/Discount to List
-$34,900
-5.72%
Views
481
Current Estimated Value
$746,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,857
Avg. Annual Appreciation
13.75%
Original Mortgage
$100,000
Interest Rate
9%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Apr 12, 2017
Closed on
Jan 23, 2018
Sold by
Smith Gwendolyn
Bought by
Cannizzaro Frank and Falzone Vincenzo
Seller's Agent
Connie King
Weichert Realtors-Ocean
Buyer's Agent
Connie King
Weichert Realtors-Sea Girt
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.99%
Original Mortgage
$281,250
Interest Rate
3.99%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Deed $581,000 Fidelity National Title
Deed $375,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $100,000 Seller Take Back
Previous Owner $281,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2023 08/16/23 Sold $575,000 -5.7% $228 / Sq Ft
06/19/2023 06/19/23 Pending -- -- --
04/08/2023 04/08/23 For Sale $609,900 +62.6% $242 / Sq Ft
01/23/2018 01/23/18 Sold $375,000 -- $150 / 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 $9,723 $567,300 $200,000 $367,300
2023 $9,723 $508,800 $150,700 $358,100
2022 $9,541 $481,400 $138,600 $342,800
2021 $9,541 $426,500 $115,500 $311,000
2020 $9,072 $399,300 $115,500 $283,800
2019 $8,530 $385,800 $110,500 $275,300
2018 $7,250 $331,500 $110,500 $221,000
2017 $6,754 $320,100 $100,500 $219,600
2016 $6,627 $314,500 $100,500 $214,000
2015 $7,754 $393,700 $135,300 $258,400
2014 $8,529 $458,900 $200,500 $258,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    James Giannell

    New Markets Realty Inc

    Section Image

  • L

    Buyer's Agent in 2023

    Lilly Shamam

    Keller Williams Realty East Monmouth

    (732) 225-3599

    3 in this area

    31 Total Sales

    Lilly Shamam
    Section Image

  • V

    Buyer Co-Listing Agent in 2023

    Viviana Mejia

    Keller Williams Realty West Monmouth

    Section Image

  • C

    Seller's Agent in 2018

    Connie King

    Weichert Realtors-Ocean

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22309153

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00078-0000-00007

New Jersey Monmouth County Red Bank 07701

99 River St, Red Bank, NJ

This home is located at 99 River St, Red Bank, NJ 07701 and is currently priced at $575,000, approximately $227 per square foot. This property was built in 1915. 99 River 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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