NOT LISTED FOR SALE

116 Walnut Dr Unit 3 Spring Lake, NJ 07762

Estimated Value: $686,401 - $761,000

2 Beds
2.5 Baths
1,547 Sq Ft
$467/Sq Ft Est. Value

Last Sold June 07, 2024

Last sale price $725,000 $469 Per Sq Ft

Current estimated payment $5,037/month

11 Days on Market

Highlights

  • Golf Course Community
  • New Kitchen
  • Wood Flooring
  • Outdoor Pool
  • Clubhouse
  • Quartz Countertops

About This Home

As of June 2024

Welcome to your dream home in the sought-after Fairway Mews community! This beautifully renovated two-bedroom boasts new hardwood flooring that stretches elegantly throughout. The kitchen is a chef's delight, featuring stainless steel appliances, quartz countertops, and stunning shaker cabinetry, seamlessly flowing into the dining area and spacious living room, complete with sliders that lead to your own private patio.Indulge in luxury with all-new bathrooms showcasing designer vanities and custom tile work, each bedroom offering its own private oasis. Storage is never an issue with ample space throughout the home and a convenient detached garage. Fairway Mews isn't just a place to live; it's a lifestyle. Enjoy a plethora of amenities including a community pool, clubhouse, and access to golfing opportunities. Plus, revel in the proximity to the pristine Spring Lake beaches just a short distance away. Don't miss the chance to call this gem yours!

Last Agent to Sell the Property

Valerie Vargas

Keller Williams Realty West Monmouth License #0337086 Listed on: 05/02/2024

Keller Williams Realty West Monmouth

Last Buyer's Agent

Denise Dreyer

Ward Wight Sotheby's International Realty License #0675729

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,276

Year Built

  • Built in 1978

Lot Details

  • 1,307 Sq Ft Lot
  • Landscaped

HOA Fees

  • $480 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,547 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Recessed Lighting

Kitchen

  • New Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Balcony
  • Patio

Schools

  • Spring Lake Heights Elementary And Middle School

Utilities

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

Listing and Financial Details

  • Exclusions: Personal Items
  • Assessor Parcel Number 48-00042-03-00040

Community Details

Overview

  • Front Yard Maintenance
  • Association fees include common area, lawn maintenance, pool, snow removal
  • Fairway Mews Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Bocce Ball Court
  • Community Pool
  • Snow Removal

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Guard
  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,276

Year Built

Built in 1978

Lot Details

0

HOA Fees

$480 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • ResoSecurityFeatures: Security Guard
  • Reso Association Amenities: Tennis Court, Professional Management, Association, Pool, Golf Course, Clubhouse, Common Area, Landscaping, Bocci
  • Reso Association Fee Includes: Common Area, Lawn Maintenance, Pool, Snow Removal
  • Inclusions: Washer, Dishwasher, Dryer, Microwave, Stove, Refrigerator
  • Subdivision Name: Fairway Mews
  • Architectural Style: Detached, Townhouse
  • Reso Flooring: Tile, Wood
  • Reso Interior Features: Balcony, Dec Molding, Recessed Lighting
  • Property Attached Yn: Yes
  • Year Built: 1978
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Style Attached2: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Quartz: Yes
  • Exterior Balcony2: Yes
  • ExteriorPatio: Yes
  • Common Elements Common Area: Yes
  • Common Elements Pool4: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Pool3: Yes
  • General Property Info Acreage: 0.03
  • Location Middle School: Spring Lake Heights
  • Kitchen Newer: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Balcony: Yes
  • Interior Dec Molding: Yes
  • Interior Recessed Lighting: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Common Elements Clubhouse: Yes
  • Style Townhouse: Yes
  • Common Elements Landscaping: Yes
  • Common Elements Security Guard: Yes
  • Common Elements Tennis Court: Yes
  • Common Elements Bocci: Yes
  • Common Elements Golf Course: Yes
  • Floors Tile: Yes
  • Special Features: None

Interior Features

  • Basement: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 2
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Slab: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.03
  • Waterfront: No
  • Exclusions: Personal Items
  • Exterior Features: Balcony, Patio
  • Foundation Details: Slab
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 1.0
  • General Property Info:Garage: Yes
  • Parking Features:Garage Detached: 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 Fee: 480.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Fee Includes Lawn Maintenance: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes

Schools

  • Middle Or Junior School: Spring Lake Heights

Lot Info

  • Lot Size Sq Ft: 1306.8
  • Parcel #: 48-00042-03-00040
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6276.0

MLS Schools

  • Elementary School: Spring Lake Heights

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
Jun 17, 2024
Sold by
Newvision Ventures Llc
Bought by
Wolanski Anthony and Orourke Theresa Dorothy
Seller's Agent
Valerie Vargas
Keller Williams Realty West Monmouth
Buyer's Agent
Denise Dreyer
Ward Wight Sotheby's International Realty
List Price
$650,000
Sold Price
$725,000
Premium/Discount to List
$75,000
11.54%
Total Days on Market
11
Views
76
Current Estimated Value
$722,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,900
Avg. Annual Appreciation
-0.39%

Purchase Details

Listed on
Oct 13, 2023
Closed on
Jan 10, 2024
Sold by
Karver Jeffrey C
Bought by
Newvision Ventures Llc
Seller's Agent
Matthew Conde
C21/ Action Plus Realty
Buyer's Agent
Matthew Conde
C21/ Action Plus Realty
List Price
$549,700
Sold Price
$485,000
Premium/Discount to List
-$64,700
-11.77%
Views
64

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
180.34%

Purchase Details

Closed on
Sep 2, 2010
Sold by
Reynolds Robert and Reynolds Joyce
Bought by
Pipi Louis P and Pipi Elizabeth

Purchase Details

Closed on
Sep 26, 2005
Sold by
Anderson William
Bought by
Reynolds Robert and Reynolds Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 13, 2004
Sold by
Bradley Derek
Bought by
Anderson William and Anderson Juliana

Purchase Details

Closed on
Jun 22, 1999
Sold by
Sands Deborah
Bought by
Bradley Derek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.61%

Purchase Details

Closed on
Oct 15, 1993
Sold by
Miller Randy
Bought by
Mahon Joseph and Mahon Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.73%
Source: Public Records

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Range of Values:

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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
Wolanski Anthony $725,000 Fidelity National Title
Newvision Ventures Llc $485,000 All Jersey Title
Pipi Louis P $335,000 None Available
Reynolds Robert $395,000 --
Anderson William $310,000 --
Bradley Derek $160,000 --
Mahon Joseph $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reynolds Robert $295,000
Previous Owner Bradley Derek $120,000
Previous Owner Mahon Joseph $135,000
Closed Anderson William --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2024 06/07/24 Sold $725,000 +11.5% $469 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $650,000 +34.0% $420 / Sq Ft
01/16/2024 01/16/24 Sold $485,000 -11.8% $333 / Sq Ft
10/19/2023 10/19/23 Pending -- -- --
10/13/2023 10/13/23 For Sale $549,700 0.0% $377 / Sq Ft
10/07/2023 10/07/23 Pending -- -- --
09/18/2023 09/18/23 Price Changed $549,700 -5.2% $377 / Sq Ft
08/19/2023 08/19/23 For Sale $580,000 -- $398 / 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
2024 $6,276 $611,300 $426,500 $184,800
2023 $6,276 $560,400 $375,000 $185,400
2022 $5,434 $438,700 $260,000 $178,700
2021 $5,434 $402,500 $240,000 $162,500
2020 $5,262 $387,500 $240,000 $147,500
2019 $5,259 $383,300 $240,000 $143,300
2018 $5,252 $372,500 $240,000 $132,500
2017 $5,043 $370,800 $240,000 $130,800
2016 $5,083 $369,100 $240,000 $129,100
2015 $5,022 $365,800 $240,000 $125,800
2014 $5,039 $375,200 $240,000 $135,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22412132

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 48-00042-03-00040