NOT LISTED FOR SALE

101 Ludlow Ave Spring Lake, NJ 07762

Estimated Value: $7,337,000 - $12,319,866

8 Beds
10 Baths
7,721 Sq Ft
$1,273/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $7,500,000 $971 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $55,625/month

96 Days on Market

Highlights

  • Pool House
  • Custom Home
  • 3 Fireplaces
  • New Construction
  • 0.52 Acre Lot
  • Corner Lot

About This Home

As of May 2021

Prominently situated on a 150' x 150' lot in the heart of Spring Lake, only 1 block to the beach, this residence is the showcase of refined shore living. Designed and finished to be one of Spring Lakes most exceptional properties, this home features 8 bedrooms, 8 full and 2 1/5 baths 4 ensuite on 4 floors. The open floor plan allows gathering around the oversized island between the family room and the dream kitchen. With a 4-stop elevator access to the spacious and thoughtfully defined living quarters are unsurpassed. Master bedroom has separate sitting area with see through fireplace. third floor has 2 bedrooms and a separate living room, kitchenette and 2 separate decks. Designed for entertaining, with an outdoor covered porch with a warming and inviting fireplace outdoor cabana bar and outdoor cabana bar and grill area with a pizza oven, outdoor shower and bath, a large saltwater Gunite pool, a gas fire-pit and due to lot size still has grass for the kids to play

Last Agent to Sell the Property

Anthony Garofalo

Berkshire Hathaway HomeServices Fox & Roach - Sea Girt Listed on: 08/01/2020

Berkshire Hathaway HomeServices Fox & Roach - Sea Girt

Last Buyer's Agent

Joanne L. Reilly

Diane Turton, Realtors-Spring Lake License #1329355

Diane Turton, Realtors-Spring Lake

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,786

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 150 x 150
  • Corner Lot

Parking

  • 2.5 Car Detached Garage
  • Driveway with Pavers
  • Paver Block

Home Design

  • Home to be built
  • Custom Home
  • Shingle Roof
  • Wood Roof
  • Cedar Siding
  • Stone Siding
  • Cedar

Interior Spaces

  • 7,721 Sq Ft Home
  • 4-Story Property
  • 3 Fireplaces
  • Gas Fireplace
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 8 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement

Pool

  • Pool House
  • Cabana
  • In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Patio

Schools

  • H. W. Mountz Elementary And Middle School
  • St. Rose High School

Utilities

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

Community Details

  • No Home Owners Association
  • Custom

Listing and Financial Details

  • Assessor Parcel Number 47-00110-0000-00001

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,786

Year Built

Built in 2020 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Model: Custom
  • ResoLotFeatures: Corner Lot
  • ResoPoolFeatures: Cabana, In Ground, Pool House, Salt Water
  • Subdivision Name: None
  • Architectural Style: Custom, Detached
  • New Construction: Yes
  • Year Built: 2020
  • Contract Info List PriceSqFt: 1035.49
  • Contract Info New Construction: TBB
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Acreage: 0.52
  • General Property Info Lot Dimensions: 150 x 150
  • General Property Info Farm: No
  • Location Middle School: H. W. Mountz
  • Lot Description Corner Lot: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 3.0
  • Living Room Fireplace - Gas7: Yes
  • Kitchen BnookDining Area: Yes
  • Parking Paver Block: Yes
  • Siding Cedar: Yes
  • PoolSaltWater: Yes
  • Pool Cabana: Yes
  • Roof Wood3: Yes
  • Pool Pool House: Yes
  • Basement Fireplace - Gas8: Yes
  • Heating 3 Zoned Heat: Yes
  • Heating 5 Zone2: Yes
  • Cooling 5 Zone: Yes
  • Special Features: NewHome

Interior Features

  • Basement: Full Finished
  • Basement: Yes
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Total Bedrooms: 8
  • Stories: 4

Exterior Features

  • Roof: Shingle, Wood
  • Acres: 0.52
  • Waterfront: No
  • Construction Type: Cedar
  • Exterior Features: Patio
  • Exterior Features:Pool-In Ground: Yes
  • ConstructionSiding:Stone: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.5
  • Parking Features: Paver Block, Driveway
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 5 Zone
  • Cooling Y N: Yes
  • Heating: Natural Gas, Radiant, 5 Zone, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Radiant: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: None
  • Association: No

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Dimensions: 150 x 150
  • Lot Size Sq Ft: 22651.2
  • Parcel #: 47-00110-0000-00001
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 19786.0

MLS Schools

  • Elementary School: H. W. Mountz
  • High School: St. Rose High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2020
Closed on
May 20, 2021
Sold by
Southwest Corner Llc
Bought by
Aiello Michael J and Aiello Catherine
Seller's Agent
Anthony Garofalo
Berkshire Hathaway HomeServices Fox & Roach - Sea Girt
Buyer's Agent
Joanne L. Reilly
Diane Turton, Realtors-Spring Lake
List Price
$7,995,000
Sold Price
$7,500,000
Premium/Discount to List
-$495,000
-6.19%
Current Estimated Value
$9,828,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,328,433
Avg. Annual Appreciation
6.12%

Purchase Details

Listed on
Aug 9, 2019
Closed on
Feb 14, 2020
Sold by
Raffetto Joseph and Basssini Linda C
Bought by
Southwest Corner Llc
Seller's Agent
George D'Amico
D'Amico & McConnell Realtors
Buyer's Agent
James Joseph Mcconnell
D'Amico & McConnell Realtors
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
81.21%

Purchase Details

Closed on
Nov 30, 2009
Sold by
Raffetto Joseph and Raffetto Joseph
Bought by
Raffetto Joseph and Raffetto Joseph
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
Aiello Michael J $7,500,000 Associated Title Agency Llc
Southwest Corner Llc $3,525,000 Associated Title
Raffetto Joseph -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/21/2021 05/21/21 Sold $7,500,000 -6.2% $971 / Sq Ft
11/06/2020 11/06/20 Pending -- -- --
08/01/2020 08/01/20 For Sale $7,995,000 +126.8% $1,035 / Sq Ft
02/14/2020 02/14/20 Sold $3,525,000 -- $1,085 / Sq Ft View Prior Sale
01/23/2020 01/23/20 Pending -- -- --
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 $47,115 $9,406,200 $5,268,000 $4,138,200
2024 $46,290 $9,634,900 $4,943,000 $4,691,900
2023 $46,290 $9,202,700 $4,620,000 $4,582,700
2022 $33,894 $8,489,400 $4,125,000 $4,364,400
2021 $33,894 $3,345,000 $3,345,000 $0
2020 $20,160 $3,262,100 $3,179,000 $83,100
2019 $19,786 $3,140,700 $3,060,000 $80,700
2018 $19,712 $3,138,800 $3,060,000 $78,800
2017 $19,246 $3,074,500 $3,000,000 $74,500
2016 $18,860 $2,761,300 $2,244,700 $516,600
2015 $18,494 $2,649,600 $2,133,000 $516,600
2014 $17,235 $2,512,400 $1,995,800 $516,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22026475

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00110-0000-00001