Executive Summary

This report presents a comprehensive due diligence analysis of the single-family residence located at 3 Ardmore Place, Holmdel, New Jersey 07733. The property is currently active on the market and is positioned as a high-end, fully renovated luxury home. The analysis synthesizes data from public records, multiple listing services, and community analytics to provide a complete intelligence dossier for a prospective buyer.

The subject property offers significant value through its extensive, recent renovations, which have transformed the 1965 structure into a modern, turnkey residence with approximately 5,438 square feet of living space. Key assets include a desirable first-floor primary suite, a chef-grade kitchen, a professionally landscaped 0.92-acre lot with a resort-style pool and spa, and its location within the highly-ranked Holmdel Township School District. However, the property’s recent market history is marked by notable volatility, including a failed pending sale followed by an unusual price increase and subsequent decrease. This history suggests a potential disconnect between the seller’s valuation and the market’s perception, creating both risk and opportunity for a buyer. The property’s value proposition is fundamentally tied to the quality and legality of its post-2019 renovation. Therefore, the most critical due diligence step for any prospective buyer is the thorough verification of all associated building permits through the Holmdel Township public records portal.

Key Data Points

Current List Price: $1,899,000 ¹
Total Livable Area: 5,438 sq. ft. ¹
Lot Size: 0.92 Acres ¹
Layout: 5 Bedrooms / 3.5 Bathrooms ¹
Year Built / Condition: 1965 / Fully Renovated post-2019 ¹
2024 Annual Taxes: $21,965 ¹
Listing Agent: Christian Giamanco, EXP Realty ¹

Primary Recommendation

The property at 3 Ardmore Place represents a compelling opportunity to acquire a fully updated luxury asset in a prime New Jersey location. However, the asking price is at the upper limit of its current market value range, and its recent transactional history warrants caution. It is strongly recommended that any potential offer be preceded by a thorough investigation into the property’s building permit history and the circumstances surrounding the failed sale in June 2025. A data-driven negotiation strategy, leveraging the insights within this report, should be employed to secure the property at a defensible price point.

Property Dossier: An In-Depth Profile

A. Narrative Description and Condition Assessment

The property at 3 Ardmore Place is consistently marketed across multiple platforms as a “Turnkey Oasis of Luxury Living,” a description that underscores its primary value proposition: a comprehensive, high-quality renovation that obviates the need for any immediate buyer investment in upgrades.¹ Although the home’s underlying structure was built in 1965, its current presentation, features, and finishes reflect a contemporary, custom design aesthetic implemented after its last sale in 2019.¹

The interior is characterized by an open and light-filled environment, with “gleaming hardwood floors” flowing throughout the main living areas and abundant natural sunlight noted in every room.⁷ The functional and aesthetic centerpiece of the home is the “chef’s dream kitchen,” which has been fully updated with modern amenities including quartz countertops, high-end stainless steel appliances, and custom cabinetry.¹

A significant architectural and lifestyle feature is the home’s floor plan, which has been configured to meet modern luxury standards. It includes a highly sought-after first-floor primary suite, described as a “true retreat” complete with a spa-like bathroom and a custom walk-in closet.⁷ This main-level suite is complemented by four additional generously sized bedrooms on the second floor. One of these upstairs bedrooms is an en-suite, providing the flexibility for a second primary suite or a private guest space, a feature that supports the “in-law floorplan” description found in some listings.⁶ This layout provides exceptional versatility for various family structures, including multi-generational living.

B. Key Features and Amenities (Interior and Exterior)

The property’s appeal is significantly enhanced by a comprehensive suite of interior and exterior amenities that position it as a premium residential asset.

Interior Living Space: The residence offers an expansive total interior livable area of 5,438 square feet.¹ This space is distributed across two main floors and a full, finished lower level. The basement is a notable feature, boasting high ceilings, a custom-built bar with an integrated refrigerator, and a large recreation room measuring approximately 32 ft x 24 ft, making it an ideal space for entertainment and relaxation.⁷ The total room count is listed as 13 or 14 across various sources, including the five bedrooms, a dedicated office, a large family room, and other functional spaces.³

Exterior Resort-Style Amenities: The home is situated on a substantial 0.92-acre lot that has been professionally landscaped to create a private outdoor resort.¹ The centerpiece of the backyard is a heated, saltwater, gunite swimming pool with an integrated spa.⁴ This is complemented by a custom-built covered patio that features a built-in BBQ and cooking area, designed for alfresco dining and large-scale entertaining.⁶ The property is fully fenced and equipped with an underground sprinkler system and outdoor lighting, ensuring both privacy and aesthetic appeal.⁴

Systems and Utilities: The property is serviced by public water, which is a significant advantage over well water systems, and a private septic system.⁴ The climate control systems are modern and robust, featuring a dual-zone natural gas, forced-air heating system and a dual-zone central air conditioning system, allowing for efficient and customized temperature control across different areas of the large home.¹

Garage and Parking: The property includes an oversized, attached three-car garage with direct interior access.¹ This provides ample secure parking and storage. The garage is supplemented by a large asphalt driveway with additional off-street parking, accommodating multiple guest vehicles.¹

C. Detailed Specifications Table

To provide a clear and consolidated overview of the property’s technical attributes, the following table synthesizes data from all available listing sources.

Attribute	Specification	Source(s)
Full Address	3 Ardmore Place, Holmdel, NJ 07733	¹
MLS Number	22523728	¹
Parcel ID	20-00008-02-00006	¹
Property Type	Single Family Residence	¹
Architectural Style	Custom, Colonial	¹
Year Built	1965	¹
Condition	Fully Renovated (Post-2019)	¹
Total Livable Area	5,438 sq. ft.	¹
Lot Size	0.92 Acres (40,075 sq. ft.)	¹
Lot Dimensions	200 ft x 200 ft	¹
Bedrooms	5	¹
Bathrooms	3 Full, 1 Half	¹
Key Rooms	Primary Bedroom (1st Fl), 4 Bedrooms (2nd Fl), Family Room (41’x18′), Office (17’x12′), Finished Basement/Rec Room (32’x24′), Chef’s Kitchen (19’x14′)	¹
Garage	3-Car, Attached, Oversized, Direct Access	¹
Pool	Gunite, Heated, Saltwater, with Integrated Spa	⁴
Water Source	Public Water	⁵
Sewer System	Septic Tank	⁴
Heating System	Natural Gas, Forced Air, 2-Zoned Heat	¹
Cooling System	Central Air, 2-Zoned AC	¹
Homeowners Assoc.	No (None)	¹

Current Transactional Analysis

A. Listing Status and Price

As of the date of this report, the property at 3 Ardmore Place is Active on the market.³ The current list price is

$1,899,000.¹ Based on the total interior livable area of 5,438 square feet, this asking price equates to a price per square foot of

$349.¹ The property has been actively marketed under its current MLS listing (#22523728) since August 7, 2025.¹

B. Listing Agent and Brokerage

The property is exclusively listed and marketed by the following real estate professional and brokerage:

Listing Agent: Christian Giamanco ¹
Brokerage: EXP Realty ¹
Contact Phone: 732-996-1292 ¹

All inquiries, requests for information, and offers should be directed through the listing agent.

C. Scheduling a Tour and Next Steps

A physical tour of the property is a critical next step for any serious prospective buyer. To schedule a private showing, the buyer or their representing agent must contact the listing agent, Christian Giamanco, directly at the phone number provided above. Additionally, all major real estate portals where the property is listed, including Zillow, Realtor.com, and Redfin, feature integrated contact forms that can be used to request a viewing.¹

It is highly recommended that a prospective buyer engage their own qualified buyer’s agent before initiating contact or scheduling a tour. A buyer’s agent will represent the buyer’s interests exclusively, provide independent counsel, manage communications, and lead negotiations, ensuring the buyer’s position is protected throughout the transaction process.

Historical Trajectory: Sales, Listings, and Taxation

An analysis of the property’s historical data reveals a compelling narrative of significant long-term value appreciation, followed by a recent period of market volatility that provides critical context for any potential buyer.

A. Sales and Listing History Analysis

The property’s transaction history shows two distinct phases: a period of steady, long-term growth and a recent, turbulent period of active marketing.

Long-Term Appreciation (1994-2019): Public records indicate a consistent and substantial increase in the property’s value over a 25-year period.

The property was sold in October 1994 for $235,000.³
It was subsequently sold on February 7, 2019, for $954,000.³

This represents an appreciation of over 300% between sales, demonstrating the long-term strength of the Holmdel real estate market and the property’s inherent value.

The 2025 Listing Saga: The property’s marketing history in 2025 has been unusually active and erratic, which warrants careful scrutiny. The timeline of events is as follows:

May 15-17, 2025: Initially listed for sale at $1,850,000 under MLS #22514339.³
June 9, 2025: The listing status was changed to Pending, indicating an offer had been accepted.³
June 19, 2025: The property returned to the market after the pending sale fell through. In a highly unconventional move, the price was simultaneously increased by 8.1% to $1,999,000.¹
August 6, 2025: The listing at $1,999,000 was removed.¹
August 7, 2025: The property was immediately relisted under a new MLS number (#22523728) with a price decrease to the current asking price of $1,899,000.¹

B. Analysis of Historical Data Trajectory

The property’s history points to two crucial conclusions. First, the significant price jump from its 2019 sale to its 2025 listing is almost certainly attributable to a major renovation or “flip.” The purchase price of $954,000 in 2019, followed by a relisting at nearly double that price, is not a result of organic market appreciation alone.¹ The consistent marketing language emphasizing a “fully renovated,” “custom-designed,” and “turnkey” home strongly supports the hypothesis that the owner since 2019 undertook a comprehensive, high-end renovation with the intent of adding significant value.¹ This elevates the importance of verifying the quality, craftsmanship, and—most critically—the legality of these extensive renovations.

Second, the failed pending sale and subsequent pricing instability reveal a potential disconnect between the seller’s valuation of the property and the broader market’s assessment. It is common for a sale to fall through, but it is highly unusual for a seller to increase the price immediately after. This action may suggest the seller felt their initial price was too low, or that an issue discovered during the transaction was remediated at a cost the seller attempted to add to the price. The market appears to have rejected the $1,999,000 price point, forcing the subsequent reduction. This sequence of events indicates that a prior deal has already collapsed and provides a prospective buyer with significant negotiation leverage. It is critical for a buyer’s agent to inquire about the specific reasons for the prior contract’s termination—whether it was due to inspection findings, appraisal issues, or buyer financing difficulties—as the answer is fundamental to assessing risk and formulating a negotiation strategy.

C. Property Tax and Assessment History

The property’s tax and assessment history further corroborates the narrative of a major post-2019 renovation. The assessed value of a property is periodically updated by the municipality to reflect fair market value, often triggered by sales or the issuance of major construction permits. The sharp and steady increase in this property’s assessed value is telling.

The tax assessment has risen dramatically in recent years, far outpacing typical market-wide appreciation:

2022 Assessed Value: $1,114,300 ¹
2023 Assessed Value: $1,314,100 ¹
2024 Assessed Value: $1,509,500 ¹

This rapid escalation in the official municipal valuation strongly suggests that the township’s tax assessor has recognized significant, value-adding improvements to the property. Such a reassessment is typically prompted by the completion of permitted construction work. This provides strong circumstantial evidence that the renovations were likely performed with the necessary permits, as the township is officially aware of the home’s enhanced value. This official recognition reduces, but does not eliminate, the risk of unpermitted work and strengthens the imperative to review the public permit file for confirmation. The 2024 tax assessment resulted in an annual property tax bill of $21,965.¹

Historical Data Tables

For ease of reference, the property’s complete history is summarized in the tables below.

Table 1: Complete Listing and Sales History

Date	Event	Price	MLS Number	Source(s)
Oct 28, 1994	Sold (Public Record)	$235,000	N/A	³
Oct 15, 2018	Listed for Sale	$995,000	21840504	³
Feb 7, 2019	Sold	$954,000	21840504	³
May 15-17, 2025	Listed for Sale	$1,850,000	22514339	³
June 9, 2025	Pending Sale	$1,850,000	22514339	³
June 19, 2025	Price Change (Increase)	$1,999,000	22514339	¹
Aug 6, 2025	Listing Removed	$1,999,000	22514339	¹
Aug 7, 2025	Listed for Sale	$1,899,000	22523728	¹

Table 2: Annual Property Tax and Assessment History

Tax Year	Annual Tax Amount	Change	Assessed Value	Change	Source(s)
2018	$21,336	—	$1,055,700	—	¹⁰
2019	$20,373	-4.5%	$976,300	-7.5%	¹⁰
2020	$19,907	-2.3%	$1,009,900	+3.4%	¹⁰
2021	$21,500	+8.0%	$1,114,300	+10.3%	¹⁰
2022	$20,202	-6.0%	$1,114,300	0.0%	¹
2023	$21,380	+5.8%	$1,314,100	+17.9%	¹
2024	$21,965	+2.7%	$1,509,500	+14.9%	¹

Market Valuation and Competitive Landscape

A. Methodology

To establish a defensible current market value for 3 Ardmore Place, this report employs a Comparative Market Analysis (CMA). This industry-standard methodology involves a detailed comparison of the subject property against similar properties in the immediate vicinity and the broader Holmdel market. The analysis prioritizes recently sold properties (“comps”), as these represent consummated transactions at prices agreed upon by willing buyers and sellers, providing the strongest possible indicator of true market value. Active listings are also considered to assess the current competitive landscape. Key comparative metrics include sold price, price per square foot ($/SqFt), days on market, size, condition, and specific amenities.

B. Analysis of Recently Sold Comparable Properties

The following table presents a direct comparison of 3 Ardmore Place with several key properties that have recently sold in Holmdel. These properties were selected based on their similarity in size, quality, and location.

Table 3: Comparative Market Analysis (CMA) – Recently Sold Properties

Address	Sold Date	Sold Price	Sq. Ft.	$/Sq. Ft.	Beds/Baths	Lot Size	Key Features & Proximity
3 Ardmore Pl (Subject)	N/A	$1,899,000 (List)	5,438	$349	5 / 3.5	0.92 Ac	Fully renovated, pool, 1st fl primary
40 Takolusa Dr, Holmdel	Jul 25, 2025	$1,850,000	6,515	$284	6 / 6	1.0 Ac	Larger home, pool, finished walkout basement ¹³
6 Tanglewood Ln, Holmdel	Jul 17, 2025	$1,555,000	5,773	$269	5 / 4.5	1.11 Ac	Renovated 2008, pool, 1st fl primary, solar panels ¹³
5 Sentry Ct, Holmdel	Jun 16, 2025	$1,475,000	3,320	$444	5 / 3	1.27 Ac	Remodeled, pool, in-law wing, finished basement ³
18 Algonquin Rd, Holmdel	Jul 2, 2025	$1,325,000	2,324	$570	4 / 2.5	0.92 Ac	Much smaller, fully renovated, high $/SqFt ³

C. Valuation Insights

The comparative analysis reveals a clear pattern in the Holmdel market for renovated, high-end homes. The price per square foot for the subject property ($349) is positioned between the lower figures of larger comparable homes and the higher figures of smaller ones. For instance, two larger renovated homes, 40 Takolusa Drive (6,515 sq ft) and 6 Tanglewood Lane (5,773 sq ft), sold for significantly less per square foot at $284 and $269, respectively. Conversely, two smaller but also remodeled homes, 5 Sentry Court (3,320 sq ft) and 18 Algonquin Road (2,324 sq ft), commanded much higher prices per square foot at $444 and $570.

This data indicates an inverse relationship between home size and price per square foot for renovated properties in this market segment. Larger homes naturally have a lower price per square foot, while smaller, meticulously updated homes can achieve a higher premium on a per-foot basis. The asking price for 3 Ardmore Place at $349/sqft is therefore logically positioned for its size. However, this valuation is predicated on the assumption that the quality of its “full renovation” is superior to that of the comparable properties with lower per-square-foot values (like 6 Tanglewood Lane) and is generally on par with the quality seen in the smaller, more expensive homes. The justification for the $1,899,000 asking price hinges on a physical inspection confirming that the finishes, craftsmanship, and design are indeed of a superior caliber. Based on the available data, the current price appears to be at the upper end of the fair market value range, but it is not indefensible if the quality of the home matches the marketing claims.

D. Analysis of Active Competitive Listings

The broader Holmdel market for single-family homes is active, with 33 properties currently listed for sale.² The price spectrum is wide, ranging from a $525,000 condominium to several multi-million-dollar new construction and luxury estate properties, with the highest asking price at $4,499,000.²

Within the direct competitive set for 3 Ardmore Place—large, updated homes in the $1.5 million to $2.5 million range—there are several other options for buyers. These include properties such as 3 Cottonwood Lane W, listed at $1,550,000 for 4,608 square feet, and 3 Tolas Drive, listed at $2,150,000 for 6,605 square feet.² This context shows that 3 Ardmore Place is competitively positioned in terms of price and size within the current inventory of available homes. Its turnkey condition and extensive list of amenities are its primary differentiators against other properties in this price bracket.

Location Intelligence: The Holmdel Advantage

The value of 3 Ardmore Place is intrinsically linked to its location in Holmdel, a township renowned for its high quality of life, excellent public services, and, most notably, its top-tier school system.

A. Holmdel Township School District Analysis

The Holmdel Township School District is a primary driver of real estate values in the area and is consistently recognized as one of the best public school systems in New Jersey.

District Rankings: According to 2025 rankings from Niche.com, the district is rated #1 in Best School Districts in Monmouth County and #26 out of 243 districts in the entire state of New Jersey.²² The district holds an overall “A” grade, with “A+” ratings for Academics and Teachers, and an “A” for College Prep.²²
Assigned Schools: The property is zoned for the following highly-rated public schools: Village School (Grades PK-3), Indian Hill School (Grades 4-6), William R. Satz Intermediate School (Grades 7-8), and Holmdel High School (Grades 9-12).⁴
High School Performance: Holmdel High School is a standout institution, boasting a 97% graduation rate. Students demonstrate high academic achievement, with an average SAT score of 1310 and an average ACT score of 30.²⁴ The school offers a robust Advanced Placement (AP) program with 21 courses and a high pass rate, preparing students for admission to top-tier universities.²²

B. Parks, Recreation, and Local Amenities

Holmdel provides residents with extensive opportunities for outdoor recreation and community engagement. The township manages a network of 10 parks, including 8 township parks and 2 larger Monmouth County parks, ensuring that green space is always accessible.²⁶

Holmdel Park: This 664-acre county park is a major regional destination and a significant local amenity. It offers a wide array of facilities, including a fishing pond, numerous picnic areas, playgrounds, four tennis courts, and over 10 miles of trails for hiking and running.²⁷ The park is also home to the historic Longstreet Farm, a living history museum that recreates 1890s farm life, and the David C. Shaw Arboretum.²⁷
Township Programs: The Holmdel Parks and Recreation Department is highly active, offering a variety of classes, sports leagues, a six-week summer day camp, and operating the Holmdel Swim & Tennis Center.²⁶

C. Shopping and Dining Infrastructure

The property benefits from its proximity to a robust commercial corridor, primarily located along New Jersey Route 35, which offers a wide array of shopping, dining, and service options.³²

The Commons at Holmdel: This major open-air shopping center features a blend of big-box retailers and specialty stores. Key tenants include Best Buy, Barnes & Noble, Old Navy, Ulta Beauty, Michaels, and Golf Galaxy. Dining options include Patricia’s of Holmdel, Houlihan’s, and The Turning Point.³³
Holmdel Towne Center: Another large retail hub, this center is home to stores such as Marshalls/HomeGoods, DSW Designer Shoe Warehouse, Hobby Lobby, and PetSmart. It also offers numerous dining choices, including Texas Roadhouse, Chili’s, and Paris Baguette.³³
Bell Works: A short drive from the property, Bell Works is a landmark “metroburb” development housed in the former Bell Labs research facility. It offers a unique, modern environment with a curated selection of high-end shops, diverse dining options, a public library, and hosts a popular weekly farmers’ market.³³

Preliminary Risk and Compliance Review

A. Zoning and Land Use

The property is located in an area zoned for Residential, Single Family use, which is consistent with its current structure and function.¹ This zoning designation protects the residential character of the neighborhood. The property is not part of a Homeowners Association (HOA), which means the owner will not be subject to monthly HOA fees or the associated covenants and restrictions.¹ This provides greater autonomy but also places the full responsibility for all exterior maintenance, landscaping, and adherence to township ordinances directly on the homeowner.

B. Environmental and Climate Risk Assessment

An initial assessment of environmental risks indicates a low probability of flooding, though official verification is required.

Flood Risk: Third-party climate risk data provided through real estate portals assigns the property a “Flood Factor” of 1 out of 10, indicating a minimal risk of flooding.¹ However, this data is an estimate and should not be used for official purposes or insurance ratings. It is imperative for the buyer to obtain a definitive flood zone determination from the official FEMA Flood Map Service Center. This can be done by searching the property’s address on the FEMA portal.³⁷ This report cannot provide the final determination, as a live search on the FEMA website is necessary to access the official, up-to-date flood maps for the specific parcel.³⁸
Other Climate Risks: The same third-party data source notes a “major” Wind Factor (6/10) and a “severe” Heat Factor (7/10).¹ These ratings are generally typical for the central New Jersey region and should be factored into considerations for homeowners insurance and long-term property maintenance.

C. Building Permit History and Renovation Verification (Action Required)

The entire value proposition of this property, which justifies the nearly $1 million price increase since its 2019 sale, is predicated on the quality, safety, and legality of its extensive renovations. While a professional home inspection will assess the physical quality and condition of the work, a search of municipal records is required to verify its compliance and legality. Undertaking this step is the single most important piece of due diligence for this particular property. Failure to do so exposes a buyer to significant risks, including potential issues with obtaining homeowners insurance, complications in future resale, and the possibility of unsafe structural, electrical, or plumbing work that was not inspected and approved by township officials.

Holmdel Township provides public access to its records, including construction permits, through an online portal. A thorough search of this database is a non-negotiable prerequisite to submitting an offer.

Action Plan for Permit Verification:

Access the Portal: Navigate to the Holmdel Township SDL Portal, the official platform for online public records access.³⁹
Create an Account: Register for a free account as required to use the search function.⁴⁰
Search the Property: Conduct a search using the property’s specific identifiers: Block 8.02, Lot 6.⁵
Review Permit History: Carefully review all construction permit applications, their statuses (issued, in progress, closed/finalized), and inspection records for the property dating from February 2019 to the present.
Verify Scope of Work: Cross-reference the work described in the permits (e.g., “kitchen remodel,” “basement finish,” “new pool installation”) with the renovations that are physically present in the home and advertised in the listing. Any significant renovations observed that do not have a corresponding closed permit in the system should be considered a major red flag requiring immediate clarification from the seller.

Synthesis and Strategic Recommendations

A. Summary of Findings

The property at 3 Ardmore Place presents as a premium, fully renovated luxury home located in one of Holmdel’s most desirable neighborhoods. Its primary strengths are its turnkey condition, extensive modern amenities, and access to an elite public school system. The current asking price of $1,899,000 is at the high end of the market value range established by recent comparable sales but may be justified if the quality of the extensive renovations is confirmed to be exceptional upon physical inspection. The property’s primary risk factor stems from the ambiguity surrounding its recent volatile listing history, including a failed sale, and the unverified legal status of its comprehensive renovations.

B. Strengths, Weaknesses, Opportunities, Threats (SWOT) Analysis

Strengths:

Turnkey Condition: Fully renovated with high-end, modern finishes, requiring no immediate capital outlay from a buyer.
Desirable Layout: Features a first-floor primary suite and an in-law/guest suite configuration.
Exterior Amenities: A private, resort-style backyard with a heated, saltwater gunite pool and custom patio.
Location: Situated in a prime neighborhood within a top-tier school district.
Weaknesses:

1965 Construction: While fully renovated, the underlying foundation and core structure are 60 years old.
Septic System: Relies on a private septic system rather than a public sewer connection, requiring periodic maintenance and inspection.
Market History: A recent failed pending sale creates a perception of uncertainty and potential underlying issues.
Opportunities:
Negotiation Leverage: The failed sale and the market’s apparent rejection of the previous $1,999,000 price point provide a buyer with significant leverage to negotiate a price below the current list price.
Threats:
Renovation Issues: The potential discovery of unpermitted or poorly executed renovation work during the permit search or home inspection poses the most significant threat to the transaction and could lead to substantial future costs for the buyer.

C. Strategic Recommendations for the Prospective Buyer

Engage a Buyer’s Agent Immediately: Do not proceed with any communications or showings without professional representation dedicated solely to protecting your interests.
Schedule a Thorough Tour: Conduct a detailed physical inspection of the property to personally validate whether the quality, materials, and craftsmanship of the renovations align with the premium asking price.
Investigate the Failed Sale: Instruct your agent to press the listing agent for a clear and documented explanation of why the June 2025 pending sale was terminated. The reason (e.g., inspection, appraisal, financing) is a critical piece of intelligence.
Execute the Permit Search: Prior to making any offer, complete the building permit search on the Holmdel SDL portal as outlined in Section VII-C of this report. This step is non-negotiable and is the most critical element of due diligence for this specific property.
Formulate a Data-Driven Offer: Use the Comparative Market Analysis in this report, combined with intelligence gathered about the failed sale, to formulate an offer that is supported by market data. The property’s history suggests its true market value is likely in the $1.85 million to $1.9 million range, and an initial offer should reflect this analysis.
Insist on Comprehensive Contingencies: Any purchase offer submitted must include, at a minimum, contingencies for a satisfactory professional home inspection, a wood-destroying insect inspection, a septic system inspection, and a thorough attorney review of all documents, including the verified permit history.

Works cited

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3 ARDMORE PL, HOLMDEL, NJ 07733 | 22523728 | Douglas Elliman, accessed August 25, 2025, https://www.elliman.com/listing/3-ardmore-pl-holmdel-nj-07733/16544588
3 Ardmore Pl, Holmdel, NJ 07733 [Updated 8/11] – Realtor.com, accessed August 25, 2025, https://www.realtor.com/realestateandhomes-detail/3-Ardmore-Pl_Holmdel_NJ_07733_M64100-34466
3 Ardmore Pl, Holmdel, NJ 07733 – MLS 22523728 – Coldwell Banker, accessed August 25, 2025, https://www.coldwellbankerhomes.com/nj/holmdel/3-ardmore-pl/pid_66801833/
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Comprehensive Due Diligence Report: 3 Ardmore Place, Holmdel, NJ 07733