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55 Redwood Drive

55 Redwood Drive, Asbury Park, NJ 07712
Property in Monmouth
Sold May 21, 2007
$457,500
$260,000 by Bank Of America Na
Mortgage Due Jun 01, 2037
Local assessors in Asbury Park, NJ have categorized 55 Redwood Drive as a residential type of property. The home was built in 2007 and is 17 years old. The property's lot size has been calculated to be 9,720 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 810 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 55 Redwood Drive has a total of 1,839 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 420 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a patio so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of shingle (not wood). Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 55 Redwood Drive was last sold in May 2, 2007 for $457,500. According to our calculations, that's $248.78 per sqft. Current property owners are expected to pay $8,831 in taxes per year. The property on 55 Redwood Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $567,200. To break that down further, the land itself was valued at $331,200. While improvements to the property were assessed at a total of $236,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 9,720
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 810
  • Total Building Area: 1,839
  • Building Area: 1,839
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,839
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.223
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : FRANKEL MARK D
  • Previous Owner : CEDAR VILLAGE AT OCEAN LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Ocean Township School District
  • Census Tract: 806503

Zoning

  • Zoning: SF05

Geography

  • Assessors Map Reference: TAX MAP 75
  • District: 37
  • Parcel: 37 00150- 06-00016
  • Block: 150.06
  • Lot: 16
  • Municipality: OCEAN TWP
  • Latitude: 40.2358
  • Longitude: -74.0555

    Address

  • Full Address: 55 Redwood Dr
  • Address - House Number: 55
  • Address - Street Name: Redwood
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Asbury Park
  • Carrier Code: C031
  • 4-Digit Zip Code: 8711
  • Zip Code: 07712

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,831

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 717,615
  • High Value: 845,019
  • Low Value: 590,210

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $260,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: May 21, 2007
  • First Open Lien Mortgage Loan Amount: $260,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2037

    Market Valuation

  • Market Total Value: $567,200
  • Market Land Value: $331,200
  • Market Improvement Value: $236,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $567,200
  • Assessed Land Value: $331,200
  • Assessed Improvements Value: $236,000

    Sales

  • Current Sale Contract Date: May 02, 2007
  • Current Sale Recording Date: May 21, 2007
  • Current Sale Transaction ID: 11476358978
  • Current Sale Price: $457,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2007071136

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: May 21, 2007
  • First Mortgage Loan Amount: $260,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jun 01, 2037

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Frequently Asked Questions

What neighborhood is 55 Redwood Drive located in?
The 55 Redwood Drive is a located in the neighborhood of Monmouth in Monmouth, Asbury Park.
What is the average sales price for listings in 55 Redwood Drive?
The average sales price for units in 55 Redwood Drive is $0 currently.

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