$485,000
SOLD JAN 16, 2024

116 Walnut Dr Unit 3 Spring Lake, NJ 07762

2 Beds
2.5 Baths
1,458 Sq Ft
$460/mo HOA Fee

Recently Sold

$333 Per Sq Ft

12% Below List Price

61 Days on Market

Highlights

  • Golf Course Community
  • Clubhouse
  • Balcony
  • Outdoor Pool
  • Tennis Courts
  • 1 Car Detached Garage

About This Home

As of June 2024

This Castlebrook model is ready for its next owner. Enjoy the easy lifestyle offered by the Fairway Mews. This includes golf, tennis, and the pool! Just minutes to the beach. Being sold as-is.

Last Agent to Sell the Property

Matthew Conde

C21/ Action Plus Realty License #1220596 Listed on: 10/13/2023

Last Buyer's Agent

Matthew Conde

C21/ Action Plus Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,501

Year Built

  • Built in 1978

Lot Details

  • Landscaped

HOA Fees

  • $460 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Visitor Parking
  • Off-Street Parking

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,458 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Light Fixtures
  • Blinds
  • Window Screens
  • Sliding Doors

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • Primary Bathroom Bathtub Only

Home Security

Outdoor Features

  • Outdoor Pool
  • Balcony
  • Patio
  • Exterior Lighting

Schools

  • Spring Lake Heights Elementary And Middle School
  • Manasquan High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 48-00042-03-00040

Community Details

Overview

  • Association fees include common area, pool, snow removal
  • Fairway Mews Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Snow Removal

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,501

Year Built

Built in 1978

Lot Details

0

HOA Fees

$460 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • ResoPoolFeatures: Common
  • ResoSecurityFeatures: Security Guard
  • Reso Association Amenities: Tennis Court, Professional Management, Association, Pool, Golf Course, Clubhouse, Common Area, Landscaping
  • Reso Association Fee Includes: Common Area, Pool, Snow Removal
  • Inclusions: Outdoor Lighting, Window Treatments, Blinds/Shades, Dishwasher, Light Fixtures, Stove, Refrigerator, Screens
  • Subdivision Name: Fairway Mews
  • Architectural Style: Detached, Condo, 2 Story
  • Reso Interior Features: Balcony, Built-Ins, Dec Molding, Sliding Door
  • New Construction: No
  • Property Attached Yn: Yes
  • Year Built: 1978
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Style Attached2: Yes
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • Common Elements Common Area: Yes
  • Common Elements Pool4: Yes
  • Pool Common2: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Pool3: Yes
  • General Property Info Acreage: 0.03
  • General Property Info Farm: No
  • Location Middle School: Spring Lake Heights
  • Cooling Central Air: Yes
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Exterior Lighting: Yes
  • Interior Balcony: Yes
  • Interior Dec Molding: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Included BlindsShades: Yes
  • Included Light Fixtures: Yes
  • Living Room Floor - WW Carpet7: Yes
  • Dining Room Floor - WW Carpet6: Yes
  • Common Elements Clubhouse: Yes
  • Included Outdoor Lighting: Yes
  • Included Screens: Yes
  • Included Window Treatments: Yes
  • Exterior Storm Door(s): Yes
  • Common Elements Landscaping: Yes
  • Dining Room Dec Molding4: Yes
  • Kitchen Ceramic Tile3: Yes
  • Living Room Dec Molding3: Yes
  • Common Elements Security Guard: Yes
  • Common Elements Tennis Court: Yes
  • Living Room Sliding Door2: Yes
  • Common Elements Golf Course: Yes
  • Parking Visitor: Yes
  • Foyer Floor - WW Carpet: Yes
  • Style 2 Story: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 2
  • Basement:None2: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Tub: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.03
  • Waterfront: No
  • Exclusions: Personal Property
  • Exterior Features: Patio, Storm Door(s), Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Paved, Off Street, Visitor
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:Paved: 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: 460.0
  • Association Fee Frequency: Monthly
  • Association: 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

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5501.0

MLS Schools

  • Elementary School: Spring Lake Heights
  • High School: Manasquan

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%
Views
76
Current Estimated Value
$739,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,799
Avg. Annual Appreciation
-0.35%

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 Type Sale Price Title Company
Deed $725,000 Fidelity National Title
Deed $485,000 All Jersey Title
Bargain Sale Deed $335,000 None Available
Deed $395,000 --
Deed $310,000 --
Deed $160,000 --
Deed $150,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $295,000 Adjustable Rate Mortgage/ARM
Previous Owner $120,000 No Value Available
Previous Owner $135,000 No Value Available
Closed -- No Value Available
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: 22323179

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 48-00042-03-00040