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124 Locust Ave

Red Bank, NJ 07701

2 bd 3 ba 1,380 sqft Built 2005 Lot 1,307 sqft townhomes
Most recent sale
$582,500
Jan 11, 2023

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jan 11, 2023 Sold $582,500 MoreMLS
Nov 9, 2022 Listing removed MoreMLS
Nov 2, 2022 Listing removed Avail
Oct 20, 2022 Price changed (rent) $3,800 MoreMLS
Oct 11, 2022 Listed for rent $4,200 Avail
Jul 11, 2011 Listing removed $2,000 MoreMLS
Jul 5, 2011 Listed for rent $2,000 MoreMLS
Jan 29, 2009 Listing removed $2,100 MoreMLS
Oct 21, 2008 Listed for rent $2,100 MoreMLS
Oct 12, 2005 Sold $459,900 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $259,100 $330,700 $589,800 $10,746
2024 $259,100 $330,700 $589,800 $11,003
2023 $247,900 $304,000 $551,900 $10,546
2022 $243,000 $255,000 $498,000 $9,994
2021 $223,900 $170,000 $393,900 $8,811
2020 $206,700 $170,000 $376,700 $8,558
2019 $202,900 $170,000 $372,900 $8,244
2018 $197,600 $170,000 $367,600 $8,039
2017 $198,600 $170,000 $368,600 $7,777
2016 $195,600 $200,000 $395,600 $8,335
2015 $160,300 $210,000 $370,300 $7,528
2014 $160,300 $210,000 $370,300 $7,083
2013 $160,300 $210,000 $370,300 $6,702
2012 $252,900 $210,000 $462,900 $8,133
2011 $252,900 $210,000 $462,900 $7,924
2010 $252,900 $210,000 $462,900 $7,772
2009 $252,900 $210,000 $462,900 $7,466
2008 $252,900 $210,000 $462,900 $7,133
2007 $252,900 $210,000 $462,900 $7,133

Property facts

Year built
2005
Property type
townhomes
Stories
3
Beds
2
Baths
3
Living area
1,380 sqft
Lot size
1,307 sqft
ZIP code
07701
City
Red Bank
Street
Locust Ave
Coordinates
40.34695, -74.08026

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,070
Gross rental yield
4.26%
Implied cap rate
2.77%
Trend-extrapolated value

Frequently asked questions

When did 124 Locust Ave last sell?
124 Locust Ave most recently sold on Jan 11, 2023 for $582,500.
What is the current tax assessment for 124 Locust Ave?
The most recent total assessment for 124 Locust Ave (year 2025) is $589,800 with $10,746 in property tax.
How does 124 Locust Ave's assessment compare to its last sale price?
The current assessment is 1.3% above the last sale price of $582,500.
When was 124 Locust Ave built?
124 Locust Ave was built in 2005.
How does 124 Locust Ave compare to others on Locust Ave?
We track 8 other properties on Locust Ave. Browse the list under "Other properties on Locust Ave" to compare beds, baths, and sale history.
What are the property facts for 124 Locust Ave?
124 Locust Ave is a 2 bed, 3 bath, 1,380 sqft, 1,307 sqft lot townhomes.
Is 124 Locust Ave a flip candidate?
No — 124 Locust Ave does not appear in our flips dataset.
Is 124 Locust Ave a tax-appeal candidate?
No — 124 Locust Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+0.7%
Implied 1-yr
+2.9%
2026 Q3
$955.3K
2026 Q4
$962K
ZIP 07701 — Median Price History + Forecast

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