Monmouth County Real Estate Market Update #13

Red Bank fixer upper! Any time there is a house for sale under $300,000 on the east side of Red Bank it draws attention, and this house new to the market certainly does as well.

This is a Fannie Mae HomePath Property and the pictures make it appear to need a complete renovation interior and exterior. Projected cost for renovation would probably be in the neighborhood of $75,000, but your repaired value would be close to $400,000! Great house for a first time home buyer looking for a deal and who loves Red Bank, or maybe an investor if the price can get low enough.