RUMSON: SPRINGSTEEN TOSSING KEYS TO FOYE
Bruce Springsteen signs autographs outside the Count Basie Theatre in Red Bank in 2009. (Photo by John T. Ward. Click to enlarge)[UPDATE: Monmouth County records show the deed to the property described in this article was transferred on March 2, when Foye paid the Springsteen trust $1.737 million.]
By JOHN T. WARD
Bruce Springsteen is selling one of two neighboring homes in Rumson, and the buyer is a pro basketball player with New Jersey roots, redbankgreen has learned.
According to a contract filed with the Monmouth County Clerk, Springsteen has agreed to sell a Bellevue Avenue property he owns through a trust to Oklahoma City Thunder guard Randy Foye.
Randy Foye, below, and the Bellevue Avenue home he’s buying from Springsteen, above. (Photo above by John T. Ward. Click to enlarge)
The contract, dated February 26, does not indicate the sale price of the five-acre property, at 40 Bellevue Avenue. No deed has yet been filed to indicate completion of the sale.
According to county records, the property, located across the street from Rumson Country Day school, boasts a 3,700-square-foot home built in 1904. The property is assessed at $1.96 million.
Through a trust called Fareholm Sequoia, Springsteen acquired three Rumson properties, totaling 14 acres, starting in 1983, according to public records. There’s no indication in the county’s online database that he’s sold or is planning to sell the remaining two lots, at the corner of Bellevue and Ridge Road.
One of them boasts a 5,900-square-foot mansion built in 1917 that was Springsteen’s primary residence for several years. The rock star now lives on a 368-acre a farm bought in Colts Neck in 1987.
Foye, whose team is now in the midst of a playoff series against the San Antonio Spurs, could not be reached for comment.
Orphaned in boyhood and raised in inner-city Newark, Foye was the 2002 New Jersey Player of the Year as a senior at East Side High School before he went on to star at Villanova University.
The seventh player chosen in the 2006 draft, he began his pro career with the Minnesota Timberwolves, where he played three years. Now 33 years old, he’s with his sixth pro team following his trade to Oklahoma City from Denver in February.
The 6-foot-4 guard has a home on the Navesink River in Middletown and works out regularly at Rumson-Fair Haven Regional, said friends who asked not to be identified. Through the Randy Foye Foundation, which raises money to buy school supplies and assist Newark students, he also puts on summer basketball camps at R-FH.
The Springsteen trusts were overseen until two years ago by his longtime manager and producer, Jon Landau, and Los Angeles attorney Nancy Chapman. Landau resigned from the trusts in April, 2014, leaving Chapman as the sole trustee, according to documents filed with the county.
Chapman did not immediately respond to a request for comment on the deal.