NOT LISTED FOR SALE

10 Lorraine Ave Spring Lake, NJ 07762

Estimated Value: $6,895,000 - $9,175,098

6 Beds
8 Baths
2,910 Sq Ft
$2,863/Sq Ft Est. Value

Last Sold December 29, 2020

Last sale price $6,800,000 $2,337 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $47,649/month

62 Days on Market

Highlights

  • Ocean View
  • Heated In Ground Pool
  • Maid or Guest Quarters
  • New Construction
  • Oceanside
  • Fireplace in Primary Bedroom

About This Home

As of December 2020

This beachside estate with panoramic 180-degree views of the Atlantic shoreline rivals the character and architecture of the Hamptons without the commuting hassle. This exquisite home is a direct train ride to New York City from the station right in town, or a convenient car ride to the cities of New York and Philadelphia. A helicopter can whisk you to your office in under half an hour, or one of the local ferries can take you to lower or midtown Manhattan. Blending breezy coastal elegance, luxurious details, and thoughtful design, 10 Lorraine Avenue offers refined class in a relaxed and casual setting. The light-filled, open-plan layout, flanked by enormous quartz finishes, custom designer kitchen, Carlisle hardwood floors, and intricate, custom mill-work throughout 4 floors, all easily accessible by a 4-stop elevator. Effortlessly elegant spaces enable you to organize your life around what you love, whether that is entertaining on a grand scale or a barefoot escape from your busy life. Spend long summer days lounging by the in-ground swimming pool with raised hot tub, cooking meals in your complete outdoor kitchen, or simply enjoying the slow pace of life from one of your myriad terraces or patios. Location: Spring Lake is a uniquely elegant seaside community just twenty minutes south of Sandy Hook State Park along the northern stretch of the New Jersey coastline. It is not on a barrier island and therefore has enjoyed hundreds of years of stability during nature's excesses. This small town embraces its past roots as a Victorian-era retreat for the well-heeled glitterati of New York and Philadelphia. The 3rd Avenue historic shopping district features high end boutiques, sidewalk cafes,5-star restaurants, year-round theater, wine shops, ice cream parlors, and a lake park in the center of town, with biking paths over wooden arched bridges. Here one will find a blend of mature trees, wide streets, uncrowded beaches, a 2-mile non-commercial boardwalk, and St.Catharine's Church, with its world-renowned fresco paintings and classical revival architecture. The pristine beaches are steps from your front door. Golf at one of the many highly rated, public golf courses within a few minutes' drive, or become a member of one of the nearby private country clubs: Spring Lake Golf Club or Manasquan River Golf Club. The exclusive Bath and Tennis Club is right on the boardwalk. Children and families move throughout the town biking or skateboarding in both freedom and safety.More enjoyment can be found at the full service marina in neighboring Belmar, at thoroughbred racing at historic Monmouth Race Track (20 minutes away), with new sports betting technology, at the iconic Stone Pony music venue in Asbury Park, or in attendance at a stage production in the Pollack Theater or a Division One football or basketball game, all presented at Monmouth University. The area also offers several private yacht clubs, facilitating both inshore and offshore sport fishing for boating enthusiasts.

Last Agent to Sell the Property

PASQUALE GUADAGNO

Burke&Manna Real Estate Agency License #1863247 Listed on: 07/02/2020

Last Buyer's Agent

Mark Ceres

Weichert Realtors-Ship Bottom License #1110712

Weichert Realtors-Ship Bottom

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,703

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 100 x 151
  • Fenced
  • Oversized Lot
  • Sprinkler System

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Parking Storage or Cabinetry
  • Driveway with Pavers
  • Paver Block

Home Design

  • New Construction
  • Shore Colonial Architecture
  • Victorian Architecture
  • Flat Roof Shape
  • Shingle Roof
  • Wood Roof
  • Cedar Shake Siding
  • Cedar Siding
  • Shake Siding
  • Stone Siding
  • Cedar

Interior Spaces

  • 4-Story Property
  • Elevator
  • Wet Bar
  • Home Theater Equipment
  • Built-In Features
  • Crown Molding
  • Tray Ceiling
  • Ceiling height of 9 feet on the main level
  • Recessed Lighting
  • Light Fixtures
  • Gas Fireplace
  • Insulated Windows
  • French Doors
  • Sliding Doors
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Dining Room with Fireplace
  • 3 Fireplaces
  • Breakfast Room
  • Bonus Room
  • Ocean Views
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Stove
  • Portable Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Engineered Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary bedroom located on second floor
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Maid or Guest Quarters
  • Bidet
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom Bathtub Only
  • Steam Shower
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Accessible Home Design

  • Handicap Accessible
  • Accessible Doors

Eco-Friendly Details

  • Energy-Efficient Appliances

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Oceanside
  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting

Schools

  • H. W. Mountz Elementary And Middle School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Thermostat
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 47-00138-0000-00010

Community Details

Recreation

  • Community Pool
  • Community Spa

Additional Features

  • No Home Owners Association
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,703

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Ocean Block, Oversized
  • ResoPoolFeatures: Gunite, Heated, In Ground
  • Reso Association Amenities: Swimming, Pool
  • Inclusions: Outdoor Lighting, Washer, Counter Top Range, Dishwasher, Dryer, Down Draft Range, Light Fixtures, Microwave, Security System, Stove, Stove Hood, Refrigerator, Gas Cooking, Hot Tub
  • Subdivision Name: None
  • Reso Accessibility Features: Accessible Doors
  • Architectural Style: Detached, Shore Colonial, Victorian
  • Reso Flooring: Ceramic Tile
  • Reso Interior Features: Balcony, Bonus Room, Ceilings - 9Ft+ 1st Flr, Dec Molding, Elevator, French Doors, Home Theater Equip, Housekeeper Qtrs, Security System, Sliding Door, Wet Bar, Eat-in Kitchen, Recessed Lighting
  • New Construction: Yes
  • Efficiency: Remote Thermostat
  • ResoWindowFeatures: Insulated Windows
  • Contract Info New Construction: Yes
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: Yes
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • Interior Sliding Door: Yes
  • Foyer Floor - Engineered5: Yes
  • Water Type Oceanview: Yes
  • Dining Room Floor - Engineered2: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • Kitchen Floor - Engineered3: Yes
  • GreatFamily Room Floor - Engineered4: Yes
  • Exterior Balcony2: Yes
  • ExteriorPatio: Yes
  • Exterior Swimming: Yes
  • Common Elements Pool4: Yes
  • Pool Heated3: Yes
  • Exterior Controlled Access: Yes
  • General Property Info Acreage: 0.35
  • General Property Info Lot Dimensions: 100 x 151
  • General Property Info Farm: No
  • Location Middle School: H. W. Mountz
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Rooms Laundry: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: Yes
  • General Property Info # Fireplaces: 3.0
  • Interior Balcony: Yes
  • Interior Dec Molding: Yes
  • Interior French Doors: Yes
  • Interior Recessed Lighting: Yes
  • Foyer Two Story: Yes
  • Living Room French Doors2: Yes
  • Exterior Porch - Open: Yes
  • Included Light Fixtures: Yes
  • Included Stove Hood: Yes
  • Exterior Sprinkler Under: Yes
  • Included Outdoor Lighting: Yes
  • Living Room Fireplace - Gas7: Yes
  • Foyer Floor - Wood: Yes
  • Dining Room Dec Molding4: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • Rooms Bonus Room2: Yes
  • Kitchen KitchenDine: Yes
  • Living Room Dec Molding3: Yes
  • Kitchen Eat-In: Yes
  • Kitchen Dec Molding5: Yes
  • Basement Heated: Yes
  • Garage Oversized: Yes
  • Style Shore Colonial: Yes
  • Kitchen Floor - Wood4: Yes
  • Parking Oversized2: Yes
  • Included Security System2: Yes
  • ExteriorOutdoorShower: Yes
  • Parking Paver Block: Yes
  • GreatFamily Room Fireplace - Gas4: Yes
  • Exterior Hot Tub2: Yes
  • Common Elements Hot Tub4: Yes
  • Living Room Sliding Door2: Yes
  • Rooms Breakfast: Yes
  • Siding Cedar: Yes
  • Interior Bonus Room: Yes
  • Included Counter Top Range: Yes
  • Living Room Built-Ins2: Yes
  • Exterior Security System3: Yes
  • Garage Storage Above: Yes
  • SidingCedarShake: Yes
  • Rooms Mud: Yes
  • Mud Level First11: Yes
  • GreatFamily Room French Doors4: Yes
  • PoolGunite: Yes
  • Foyer Dec Molding2: Yes
  • Roof Wood3: Yes
  • Interior Housekeeper Qtrs: Yes
  • Dining Room Built-Ins3: Yes
  • Dining Room French Doors3: Yes
  • Dining Room Fireplace - Gas6: Yes
  • Interior Home Theater Equip: Yes
  • GreatFamily Room Wet Bar2: Yes
  • Heating 5 Zone2: Yes
  • Cooling 5 Zone: Yes
  • Energy Features:Energy Appliances: Yes
  • Energy Features Remote Thermostat: Yes
  • Special Features: NewHome

Interior Features

  • Basement: Ceilings - High, Finished, Full, Full Finished, Heated, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplaces: 3
  • Total Bedrooms: 19
  • Stories: 4
  • Basement Finished: Yes
  • Full Basement: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Basement:Walk-Out Access: Yes
  • Other Rooms:Foyer: Yes
  • Features Interior:Security System: Yes
  • Other Rooms:Basement3: Yes
  • Other Rooms:Great Room: Yes
  • Features Interior:Wet Bar: Yes
  • Features-Interior:Elevator: Yes
  • Primary Bedroom Level:Second43: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bedroom:TRYVLTCATH3: Yes
  • Primary Bath:Tub: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bath Double Sinks: Yes
  • Primary Bath Floor - Marble2: Yes
  • Primary Bedroom Fireplace - Gas2: Yes
  • Primary Bath Steam Shower: Yes
  • Primary Bath Bidet: Yes
  • Primary Bedroom Floor - Ceramic6: Yes

Exterior Features

  • Roof: Shingle, Flat, Wood
  • Acres: 0.35
  • Topography: Level
  • Waterfront Features: Oceanside/Beach Blk, Oceanview
  • Waterfront: No
  • Construction Type: Cedar, Shake Siding
  • Exterior Features: Balcony, Controlled Access, Fence, Hot Tub, Outdoor Shower, Patio, Porch - Open, Security System, Sprinkler Under, Swimming, Porch - Covered
  • Exterior Features:Pool-In Ground: Yes
  • Features Exterior:Porch Covered: Yes
  • ConstructionSiding:Stone: Yes
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Paver Block, Driveway, Oversized, Storage
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 5 Zone
  • Cooling Y N: Yes
  • Heating: Natural Gas, Radiant, Forced Air, 5 Zone
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes
  • Heating:Radiant: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Dimensions: 100 x 151
  • Lot Size Sq Ft: 15246.0
  • Parcel #: 47-00138-0000-00010
  • Zoning Description: Residential

Green Features

  • Energy Features Insulated Windows: Yes

Tax Info

  • Tax Year: 2019

MLS Schools

  • Elementary School: H. W. Mountz

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2020
Closed on
Dec 22, 2020
Sold by
10 Lorraine Llc
Bought by
Toma Stephen J and Toma Laura M
Seller's Agent
PASQUALE GUADAGNO
Burke&Manna Real Estate Agency
Buyer's Agent
Mark Ceres
Weichert Realtors-Ship Bottom
List Price
$9,000,000
Sold Price
$6,800,000
Premium/Discount to List
-$2,200,000
-24.44%
Current Estimated Value
$8,332,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,532,033
Avg. Annual Appreciation
4.92%

Purchase Details

Listed on
Apr 8, 2016
Closed on
Mar 30, 2017
Sold by
Borton Douglas C and Douglas C Borton Personal Trust
Bought by
10 Lorraine Llc
Seller's Agent
Patricia Hamilton
Diane Turton, Realtors-Spring Lake
Buyer's Agent
Patricia Hamilton
Diane Turton, Realtors-Spring Lake
Sold Price
$3,525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.93%
Original Mortgage
$4,299,000
Interest Rate
4.14%
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Toma Stephen J $6,800,000 Novare National Setmnt Svc
10 Lorraine Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 10 Lorraine Llc $4,299,000
Previous Owner 10 Lorraine Llc --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2020 12/29/20 Sold $6,800,000 -24.4% $2,337 / Sq Ft
09/02/2020 09/02/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $9,000,000 +155.3% $3,093 / Sq Ft
03/15/2017 03/15/17 Sold $3,525,000 -- $1,211 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $41,703 $8,934,000 $5,258,000 $3,676,000
2024 $41,665 $8,528,300 $5,108,000 $3,420,300
2023 $41,665 $8,283,300 $4,942,900 $3,340,400
2022 $39,365 $7,674,000 $4,493,500 $3,180,500
2021 $39,365 $3,684,000 $3,684,000 $0
2020 $22,310 $3,610,000 $3,610,000 $0
2019 $22,050 $3,500,000 $3,500,000 $0
2018 $21,980 $3,500,000 $3,500,000 $0
2017 $23,427 $3,742,400 $3,500,000 $242,400
2016 $19,278 $2,822,500 $2,454,800 $367,700
2015 $19,451 $2,822,500 $2,454,800 $367,700
2014 $19,112 $2,822,500 $2,454,800 $367,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22021951

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00138-0000-00010