NOT LISTED FOR SALE

107 Salem Ave Spring Lake, NJ 07762

Estimated Value: $3,332,000 - $4,574,000

5 Beds
2 Baths
3,384 Sq Ft
$1,206/Sq Ft Est. Value

Last Sold August 03, 2020

Last sale price $2,100,000 $621 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $23,580/month

11 Days on Market

Highlights

  • Ocean View
  • Deck
  • Bonus Room
  • Colonial Architecture
  • Attic
  • No HOA

About This Home

As of August 2020

Calling all buyers, investors, and builders! Renovate or build your new dream home on this lovely 50' x 150' lot just a block and a half from the beach. Third floor attic area has 4 bonus rooms. There are two rear apartments with separate utilities for family use or income potential - each features a living room, kitchen, 2 bedrooms, and 1 bath. This home is being sold in ''as is'' condition. Any inspections would be for buyer's informational purposes only. Prospective buyers' responsibility to do their own due diligence regarding modifications to the existing dwellings.

Last Agent to Sell the Property

Terri-Ann Bonner

Diane Turton, Realtors-Sea Girt Listed on: 06/07/2020

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

  • $8,988

Year Built

  • Built in 1900

Lot Details

  • 7,492

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 3-Story Property
  • Living Room
  • Bonus Room
  • Ocean Views
  • Crawl Space
  • Walkup Attic

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Stove
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Outbuilding
  • Porch

Schools

  • H. W. Mountz Elementary And Middle School

Utilities

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

Additional Features

  • Lot Dimensions are 50 x 150
  • Separate Apartment

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: Personal items.
  • Assessor Parcel Number 47-00020-0000-00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,988

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inclusions: Washer, Dishwasher, Dryer, Stove, Refrigerator, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Colonial
  • Reso Flooring: Laminate, W/W Carpet
  • Reso Interior Features: Attic, Attic - Walk Up
  • New Construction: No
  • Reso Other Structures: Misc Building
  • Year Built: 1900
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • General Property Info Farm: No
  • Location Middle School: H. W. Mountz
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Parking Asphalt: Yes
  • General Property Info Handicap Access: No
  • Interior Attic: Yes
  • Exterior Porch - Open: Yes
  • Living Room Floor - WW Carpet7: Yes
  • Garage None4: Yes
  • ExteriorDeck: Yes
  • Rooms Bonus Room2: Yes
  • Siding Shingle: Yes
  • Floors Laminate: Yes
  • Kitchen Eat-In: Yes
  • Kitchen Floor - Laminate2: Yes
  • Interior Attic - Walk Up: Yes
  • General Property Info # UnitsBldgs: 2.0
  • Out Buildings Misc Building: Yes
  • Exterior Outbuilding: Yes
  • Foyer Floor - LinoleumVinyl: Yes
  • Foyer Floor - WW Carpet: Yes
  • Rooms Separate Apartment: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Total Bedrooms: 10
  • Stories: 3
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Crawl Space: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Primary Bath Floor - LinoleumVinyl7: Yes

Exterior Features

  • Roof: Shingle
  • Topography: Level
  • Waterfront Features: Oceanview
  • Waterfront: No
  • Exclusions: Personal items.
  • Construction Type: Shingle Siding
  • Exterior Features: Deck, Outbuilding, Porch - Open

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Asphalt, Off Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Dimensions: 50 x 150
  • Parcel #: 47-00020-0000-00004
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8988.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: H. W. Mountz

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2020
Closed on
Aug 3, 2020
Sold by
Boyle Kimberly A and Estate Of Alice L Fiore
Bought by
Aiello John F and Aiello Allyson R
Seller's Agent
Terri-Ann Bonner
Diane Turton, Realtors-Sea Girt
Buyer's Agent
Joanne L. Reilly
Diane Turton, Realtors-Spring Lake
List Price
$2,199,000
Sold Price
$2,100,000
Premium/Discount to List
-$99,000
-4.5%
Current Estimated Value
$4,079,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,979,665
Avg. Annual Appreciation
13.97%

Purchase Details

Closed on
Feb 4, 2008
Sold by
Caruso Richard
Bought by
Fiore Alice L and Caruso Alice L
Source: Public Records

Range of Values:

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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 John F $2,100,000 Turton Signature Title Agcy
Fiore Alice L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fiore Alice L $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2020 08/03/20 Sold $2,100,000 -4.5% $621 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
06/07/2020 06/07/20 For Sale $2,199,000 -- $650 / 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 $16,723 $4,126,300 $2,460,000 $1,666,300
2024 $15,985 $3,419,900 $2,135,000 $1,284,900
2023 $15,985 $3,178,000 $1,923,200 $1,254,800
2022 $10,704 $2,137,600 $1,747,900 $389,700
2021 $10,704 $1,784,000 $1,431,500 $352,500
2020 $9,043 $1,463,200 $1,390,500 $72,700
2019 $8,988 $1,426,700 $1,356,000 $70,700
2018 $8,949 $1,425,000 $1,356,000 $69,000
2017 $8,546 $1,365,100 $1,300,000 $65,100
2016 $9,251 $1,354,500 $1,030,000 $324,500
2015 $9,350 $1,339,500 $1,015,000 $324,500
2014 $9,643 $1,405,700 $1,081,200 $324,500
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Terri-Ann Bonner

    Diane Turton, Realtors-Sea Girt

  • Joanne L. Reilly

    Buyer's Agent in 2020

    Joanne L. Reilly

    Diane Turton, Realtors-Spring Lake

    (732) 233-0227

    10 in this area

    36 Total Sales

    Joanne L. Reilly
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22018257

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00020-0000-00004

New Jersey Monmouth County Spring Lake 07762

107 Salem Ave, Spring Lake, NJ

This home is located at 107 Salem Ave, Spring Lake, NJ 07762 since 07 June 2020 and is currently estimated at $4,079,665, approximately $1,205 per square foot. This property was built in 1900. 107 Salem Ave is a home located in Monmouth County with nearby schools including St. Catharine School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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