$700,000
SOLD DEC 16, 2024

140 Monmouth St Red Bank, NJ 07701

2 Beds
1.5 Baths
2,266 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$309 Per Sq Ft

8% Above List Price

147 Days on Market

Highlights

  • Wood Flooring
  • 3-minute walk to Red Bank
  • No HOA
  • Red Bank Reg High School Rated A
  • Victorian Architecture
  • Covered Patio or Porch

About This Home

As of December 2024

Located in the heart of Red Bank, this classic Victorian dwelling is zoned for residential & business use (BR-1) including offices, commercial retail, service establishments, art galleries and much more. Income currently generated from 1st floor hair salon & 2-bedroom upper-level apartment. Salon offers reception room, style areas, and a spacious kitchenette & bathroom. Vintage elements include custom moldings, hardwood floors, decorative front porch, plus high ceilings & doorways. Upstairs apartment has eat-in kitchen, living room, full bath, bedroom, & office area that leads to the 2nd bedroom on the 3rd floor. Relax on upper deck or enjoy outdoor space next to the detached garage. Basement provides extra storage. Nearby shops, restaurants, Count Basie Theatre, & public transportation.

Last Agent to Sell the Property

Jamie Paradise

RE/MAX Bay Point Realtors License #0336173 Listed on: 06/13/2024

RE/MAX Bay Point Realtors

Last Buyer's Agent

Jamie Paradise

RE/MAX Bay Point Realtors License #0336173 Listed on: 06/13/2024

RE/MAX Bay Point Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,023

Year Built

  • Built in 1915

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 37 x 150

Parking

  • 1 Car Detached Garage
  • Oversized Parking
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Victorian Architecture
  • Shingle Roof
  • Clap Board Siding
  • Vinyl Siding
  • Clapboard

Interior Spaces

  • 2,266 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling height of 9 feet on the main level
  • French Doors
  • Unfinished Basement
  • Walk-Out Basement
  • Eat-In Kitchen

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Multiple cooling system units
  • Central Air
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 39-00033-0000-00014-01

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,023

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subdivision Name: None
  • Architectural Style: Detached, Victorian
  • Reso Flooring: Tile, Wood, Other
  • Reso Interior Features: Ceilings - 9Ft+ 1st Flr, Dec Molding, French Doors
  • New Construction: No
  • Year Built: 1915
  • 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
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.13
  • General Property Info Lot Dimensions: 37 x 150
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Interior Dec Molding: Yes
  • Interior French Doors: Yes
  • Cooling Electric3: Yes
  • Foyer Floor - Wood: Yes
  • Dining Room Dec Molding4: Yes
  • Living Room Dec Molding3: Yes
  • Kitchen Eat-In: Yes
  • Garage Oversized: Yes
  • Floors Tile: Yes
  • Cooling Multi Units: Yes
  • Siding Clapboard: Yes
  • Foyer Dec Molding2: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 2
  • Basement:Unfinished: Yes
  • Basement:Walk-Out Access: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.13
  • Waterfront: No
  • Construction Type: Clapboard
  • Exterior Features: Porch - Covered
  • Features Exterior:Porch Covered: Yes
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Off Street, On Street, Oversized
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric, Multi Units, Central Air
  • Cooling Y N: Yes
  • Heating: Hot Water, Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 37 x 150
  • Lot Size Sq Ft: 5662.8
  • Parcel #: 39-00033-0000-00014-01
  • Zoning Description: Professional, Residential, Single Family, Retail, Multi-Use, Mixed, Multi-Family, Live-in Professional

Tax Info

  • Tax Year: 1123
  • Tax Annual Amount: 2023.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Dec 18, 2024
Sold by
Schanck Ronald S and Schanck Mary Alice
Bought by
Matrixx Llc
Seller's Agent
Jamie Paradise
RE/MAX Bay Point Realtors
Buyer's Agent
Jamie Paradise
RE/MAX Bay Point Realtors
List Price
$649,900
Sold Price
$700,000
Premium/Discount to List
$50,100
7.71%
Views
74
Current Estimated Value
$950,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,417
Original Mortgage
$825,000
Outstanding Balance
$276,146
Interest Rate
1.25%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 22, 2001
Sold by
Vlahos Nichol
Bought by
Schanck Ronald and Schanck Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,625
Interest Rate
7.14%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Bargain Sale Deed $700,000 Foundation Title
Bargain Sale Deed $700,000 Foundation Title
Bargain Sale Deed $700,000 Foundation Title
Deed $312,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $825,000 Construction
Closed $825,000 Construction
Previous Owner $400,000 Commercial
Previous Owner $2,100,000 Commercial
Previous Owner $254,625 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2024 12/16/24 Sold $700,000 +7.7% $309 / Sq Ft
07/17/2024 07/17/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $649,900 0.0% $287 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
05/02/2024 05/02/24 Price Changed $649,900 -7.1% $287 / Sq Ft
02/21/2024 02/21/24 For Sale $699,900 -- $309 / 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
2025 $12,955 $637,700 $303,200 $334,500
2024 $11,235 $655,600 $277,000 $378,600
2023 $11,235 $561,200 $277,000 $284,200
2022 $11,984 $549,000 $277,000 $272,000
2021 $11,984 $511,500 $263,800 $247,700
2020 $11,657 $489,800 $263,800 $226,000
2019 $11,181 $483,000 $263,800 $219,200
2018 $10,918 $474,900 $263,800 $211,100
2017 $10,462 $473,600 $263,800 $209,800
2016 $10,333 $468,200 $263,800 $204,400
2015 $8,757 $409,600 $271,500 $138,100
2014 $9,691 $481,900 $319,400 $162,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22404705

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 39-00033-0000-00014-01