RENTED MAR 15, 2025

132 Walnut Dr Spring Lake, NJ 07762

Estimated Value: $770,000 - $1,008,000

2 Beds
2.5 Baths
1,547 Sq Ft
$554/Sq Ft Est. Value

Last Sold May 29, 2019

Last sale price $375,000 $242 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $5,066/month

Highlights

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

About This Home

As of March 2025

Lovely Castlebrook model with detached garage in sought after Fairway Mews. This gated community is in a fantastic location near the beach, shopping centers, Spring Lake's train station & downtown. Residents have clubhouse, pool, tennis & bocce court access, and may utilize the community's 18 hole executive golf course with a separate membership. This renovated home features a gorgeous kitchen with stone surfaces, attractive flooring, lavish wallpaper accents, recessed lighting, crown moldings, custom closets, built-in bookshelf with electric fireplace & sliders to a private patio, second level laundry & private remodeled baths in each bedroom. There is a private balcony off the primary bedroom and a versatile Murphy Bed in the secondary, perfect for space saving!

Last Agent to Rent the Property

Joan McDermott

Ward Wight Sotheby's International Realty License #1109599 Listed on: 01/09/2025

Ward Wight Sotheby's International Realty

Co-Listed By

Jacob Smith

Ward Wight Sotheby's International Realty License #0560385

Last Renter's Agent

Joan McDermott

Ward Wight Sotheby's International Realty License #1109599 Listed on: 01/09/2025

Ward Wight Sotheby's International Realty

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1978

Lot Details

  • 1,307 Sq Ft Lot
  • Landscaped

Parking

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

Home Design

  • Slab Foundation

Interior Spaces

  • 1,547 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Electric Fireplace
  • Sliding Doors
  • Ceramic Tile Flooring

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Patio
  • Terrace

Schools

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

Utilities

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

Listing and Financial Details

  • Security Deposit $5,775
  • Property Available on 3/15/25
  • Assessor Parcel Number 48-00042-03-00032

Community Details

Overview

  • Property has a Home Owners Association
  • Front Yard Maintenance
  • Association fees include trash, lawn maintenance, pool, snow removal
  • Fairway Mews Subdivision

Recreation

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

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Clubhouse
  • Security Guard

Townhouse Details

Home Type

Townhome

Year Built

Built in 1978

Lot Details

0

Parking

1

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2025-03-15

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • ResoPoolFeatures: Common
  • ResoSecurityFeatures: Security Guard
  • Reso Association Amenities: Golf Course, Clubhouse, Landscaping
  • Reso Association Fee Includes: Trash, Lawn Maintenance, Pool, Snow Removal
  • Co List Office Mls Id: 2119
  • Co List Office Phone: 732-449-3322
  • Inclusions: Washer, Stove, Ceiling Fan(s), Microwave, Refrigerator, Dishwasher, Dryer
  • Subdivision Name: Fairway Mews
  • Architectural Style: Townhouse
  • Reso Interior Features: Built-Ins, Dec Molding, Sliding Door, Recessed Lighting
  • Year Built: 1978
  • Contract Info List PriceSqFt: 2.49
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info Assigned Parking: Yes
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • Pool Common2: Yes
  • Fee Includes Pool3: Yes
  • Exterior Terrace: Yes
  • General Property Info Acreage: 0.03
  • Location Middle School: Spring Lake Heights
  • Cooling Central Air: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Dec Molding: Yes
  • Interior Recessed Lighting: Yes
  • Common Elements Clubhouse: Yes
  • Style Townhouse: Yes
  • Included Ceiling Fan(s): Yes
  • Common Elements Landscaping: Yes
  • Dining Room Dec Molding4: Yes
  • Living Room Dec Molding3: Yes
  • Contract Info Available Date: 2025-03-15
  • Maintenance Fees Security Deposit3: 5775.0
  • Lease Requirements Security Deposit4: Yes
  • Common Elements Security Guard: Yes
  • Common Elements Tennis Court: Yes
  • Common Elements Golf Course: Yes
  • General Property Info # Parking Spaces3: 1
  • Allowable Cats2: Yes
  • Allowable Dogs2: Yes
  • Dining Room Built-Ins3: Yes
  • Living Room Fireplace - Electric4: Yes
  • Common Elements Swimming Pool: Yes
  • Parking Visitor2: Yes
  • Special Features: None

Interior Features

  • Basement: Slab
  • Basement: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Main Level Bathrooms: 1
  • Stories: 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
  • Primary Bath Shower Stall2: Yes
  • Primary Bedroom Full Bath2: Yes
  • Primary Bath Floor - Ceramic10: Yes

Exterior Features

  • Acres: 0.03
  • Waterfront: No
  • Exterior Features: Patio, Terrace

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Paved, Off Street, Assigned, Visitor, Detached
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes
  • Parking:Paved2: Yes
  • Parking:Assigned2: Yes

Utilities

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

Condo/Co-op/Association

  • Association: Yes
  • Fee Includes Lawn Maintenance: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes
  • Association Fee Includes:Trash: Yes

Schools

  • Middle Or Junior School: Spring Lake Heights

Lot Info

  • Lot Size Sq Ft: 1306.8
  • Parcel #: 48-00042-03-00032

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2018
Closed on
May 28, 2019
Sold by
Chapman Kim D and Chapman Patricia A
Bought by
Benmar 123W Llc
Seller's Agent
Erin Hunt
Diane Turton, Realtors-Spring Lake
Buyer's Agent
Meghan Frost
Ward Wight Sotheby's International Realty
Sold Price
$375,000
Current Estimated Value
$857,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$482,717
Avg. Annual Appreciation
13.51%
Original Mortgage
$205,000
Outstanding Balance
$134,856
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$722,861

Purchase Details

Closed on
May 26, 2005
Sold by
Broderick Kathryn
Bought by
Chapman Kim D and Chapman Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,800
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2005
Sold by
Estate Of Robert J Broderick
Bought by
Broderick Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Benmar 123W Llc $375,000 Trident Abstract Ttl Agcy Ll
Chapman Kim D $406,000 --
Broderick Kathryn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benmar 123W Llc $205,000
Previous Owner Chapman Kim D $324,800
Previous Owner Broderick Kathryn $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2025 03/15/25 Rented $92,400 +2300.0% --
02/14/2025 02/14/25 Under Contract -- -- --
01/09/2025 01/09/25 For Rent $3,850 -91.3% --
02/15/2024 02/15/24 Rented $44,400 +1100.0% --
02/11/2024 02/11/24 Under Contract -- -- --
02/07/2024 02/07/24 For Rent $3,700 -87.7% --
08/19/2019 08/19/19 Rented $30,000 0.0% --
05/29/2019 05/29/19 Sold $375,000 -- $242 / Sq Ft View Prior Sale
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 $6,648 $683,700 $475,000 $208,700
2024 $6,440 $631,300 $426,500 $204,800
2023 $6,440 $575,000 $375,000 $200,000
2022 $5,431 $438,600 $260,000 $178,600
2021 $5,431 $402,300 $240,000 $162,300
2020 $5,260 $387,300 $240,000 $147,300
2019 $5,258 $383,200 $240,000 $143,200
2018 $5,251 $372,400 $240,000 $132,400
2017 $5,042 $370,700 $240,000 $130,700
2016 $5,081 $369,000 $240,000 $129,000
2015 $5,021 $365,700 $240,000 $125,700
2014 $5,038 $375,100 $240,000 $135,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22500816

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 48-00042-03-00032