Sold for $525,000

$525,000

8 Tower Hill Drive, Red Bank, NJ 07701

2beds

1,054sqft

Condominium

Built in 1981

-- sqft lot

$559,700 Zestimate^®

$498/sqft

$3,135 Estimated rent

Home value

$559,700

$532,000 - $588,000

$3,135/mo

Zestimate^® history

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$3,135/mo

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$4,009/mo

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$4,009/mo

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What's special

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.)

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Natural Gas, Electric, Forced Air, Baseboard

Cooling

Central Air

Features

Flooring: Wood
Basement: None
Attic: Attic
Number of fireplaces: 1

Interior area

Total structure area: 1,054
Total interior livable area: 1,054 sqft

Property

Parking

Total spaces: 1
Parking features: Open, Paved, Common, Oversized
Attached garage spaces: 1

Features

Stories: 3
Exterior features: Lighting
Has private pool: Yes
Pool features: In Ground

Lot

Size: 1,306 Square Feet

Details

Parcel number: 3900052010000108
Zoning description: Residential

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

Roof: Sloping

Condition

Year built: 1981

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Subdivision: Tower Hill

HOA

Has HOA: Yes
Services included: Trash, Common Area, Lawn Maintenance, Pool, Sewer, Snow Removal, Water
HOA fee: $465 monthly

Location

Region: Red Bank

Financial & listing details

Price per square foot: $498/sqft
Tax assessed value: $372,400
Annual tax amount: $7,067
Date on market: 8/22/2024
Inclusions: Washer, Blinds/Shades, Ceiling Fan(s), Dishwasher, Dryer, Stove, Refrigerator, Fireplace Equipment

Price history

Date	Event	Price
10/21/2024	Sold	$525,000+9.6%$498/sqft
Source: MoreMLS #22423109 Report a problem
9/5/2024	Pending sale	$479,000$454/sqft
Source: MoreMLS #22423109 Report a problem
8/22/2024	Listed for sale	$479,000+65.2%$454/sqft
Source: MoreMLS #22423109 Report a problem
2/26/2019	Listing removed	$2,500$2/sqft
Source: Heritage House Sotheby's International Realty #21906944 Report a problem
2/20/2019	Listed for rent	$2,500$2/sqft
Source: Heritage House Sotheby's International Realty #21906944 Report a problem
2/13/2019	Sold	$290,000-12.1%$275/sqft
Source: MoreMLS #21837766 Report a problem
1/1/2019	Pending sale	$330,000$313/sqft
Source: Heritage House Sotheby's International Realty #21837766 Report a problem
10/4/2018	Listed for sale	$330,000+3.1%$313/sqft
Source: Heritage House Sotheby's International Realty #21837766 Report a problem
3/12/2010	Sold	$320,000+132.7%$304/sqft
Source: Public Record Report a problem
9/25/1997	Sold	$137,500+10%$130/sqft
Source: Public Record Report a problem
7/18/1994	Sold	$125,000$119/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,553 +21.6%	$452,800 +21.6%
2024	$7,035 -0.5%	$372,400 +0.7%
2023	$7,067 +2.3%	$369,800 +7.4%
2022	$6,908 +1.2%	$344,200 +12.8%
2021	$6,825 +8.2%	$305,100 +5.7%
2020	$6,306 +2.6%	$288,700 +1.2%
2019	$6,143	$285,200 +1.5%
2018	$6,143 +2.5%	$280,900 -2.3%
2017	$5,992 -5.7%	$287,500 +1.1%
2016	$6,353 +6.3%	$284,400 -9%
2015	$5,978 +5.7%	$312,500
2014	$5,656 -12.4%	$312,500
2013	$6,459 +2.6%	$312,500 -15%
2012	$6,293 +2%	$367,600
2011	$6,172 +4.1%	$367,600
2010	$5,929 +1.2%	$367,600
2009	$5,860	$367,600
2008	--	$367,600
2007	--	$367,600 +90.7%
2006	--	$192,800
2005	--	$192,800
2003	--	$192,800
2002	--	$192,800
2001	--	$192,800