NOT LISTED FOR SALE

14 Newark Ave Spring Lake, NJ 07762

Estimated Value: $8,051,000 - $11,035,355

7 Beds
8 Baths
4,300 Sq Ft
$2,226/Sq Ft Est. Value

Last Sold March 15, 2019

Last sale price $5,407,000 $1,257 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $56,781/month

158 Days on Market

Highlights

  • Water Views
  • Outdoor Pool
  • Shore Colonial Architecture
  • Newly Remodeled
  • Deck
  • No HOA

About This Home

As of March 2019

Watch the Ocean and listen to the waves from this magnificent Melillo Designed home. Luxury living at its finest in over 7,100 sqft of meticulous craftsmanship. This 7 Bedroom, 6 and 3 half bath home features wide plank flooring, custom kitchen with large center island and spa like master suites. Out back you will find plenty of space to entertain with the large covered flagstone patio and heated Gunite pool. There is also a finished Cabana with half bathroom and outdoor shower to rinse off after a day at the beach. An additional 2,400 finished sqft from the lower level makes this home truly spectacular in one of the shores finest towns! Still time to pick out finishes and personal touches.

Last Agent to Sell the Property

Gregory DeTommaso

Berkshire Hathaway Home Services Zack Shore Realtors Listed on: 03/19/2018

Co-Listed By

Brittany Schwartz

Berkshire Hathaway Home Services Zack Shore Realtors

Last Buyer's Agent

Gregory DeTommaso

Berkshire Hathaway HomeServices Fox & Roach - Spring Lake License #1326829

Berkshire Hathaway HomeServices Fox & Roach - Spring Lake

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,021

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • Lot Dimensions are 100 x 160

Parking

  • 2 Car Garage

Home Design

  • Shore Colonial Architecture
  • Shingle Roof

Interior Spaces

  • 3-Story Property
  • Water Views

Bedrooms and Bathrooms

  • 7 Bedrooms

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Outdoor Pool
  • Deck
  • Patio

Schools

  • H. W. Mountz Elementary And Middle School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 47-00095-0000-00018

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,021

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Co List Office Mls Id: 2475
  • Co List Office Phone: 732-899-2181
  • Subdivision Name: None
  • Architectural Style: Shore Colonial
  • New Construction: Yes
  • Year Built: 2018
  • Contract Info New Construction: Yes
  • General Property Info Waterview: 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 Lot Dimensions: 100 x 160
  • Location Middle School: H. W. Mountz
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • ExteriorDeck: Yes
  • Basement Heated: Yes
  • Style Shore Colonial: Yes
  • Special Features: NewHome

Interior Features

  • Basement: Finished, Full Finished, Heated
  • Basement: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Stories: 3
  • Basement Finished: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exterior Features: Deck, Patio

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 3+ Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Dimensions: 100 x 160
  • Parcel #: 47-00095-0000-00018

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 19021.0

MLS Schools

  • Elementary School: H. W. Mountz

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2019
Sold by
Stathis James and Stathis Lisa
Bought by
Stathis James
Total Days on Market
158
Current Estimated Value
$9,573,118

Purchase Details

Listed on
Mar 19, 2018
Closed on
Apr 15, 2019
Sold by
14 Newark Avenue Enterprises Llc
Bought by
Stathis James and Stathis Lisa
Seller's Agent
Gregory DeTommaso
Berkshire Hathaway Home Services Zack Shore Realtors
Buyer's Agent
Gregory DeTommaso
Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
Sold Price
$5,407,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.59%

Purchase Details

Listed on
May 22, 2017
Closed on
Dec 13, 2017
Sold by
Frost Barry
Bought by
14 Newark Ave Enterprises Llc
Seller's Agent
Vivian Ruggeri
Ruggeri Realty, LLC
Buyer's Agent
Gregory DeTommaso
Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
Sold Price
$3,052,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
58.01%

Purchase Details

Closed on
Mar 18, 2013
Sold by
Magnusson Kyle and Magnusson Barbara
Bought by
Magnusson Barbara

Purchase Details

Closed on
Sep 28, 2004
Sold by
Tintle David
Bought by
Magnusson Kyle and Magnusson Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,875,000
Interest Rate
5.71%
Source: Public Records

Similar Homes in Spring Lake, NJ

  • 212 Vroom Ave, Spring Lake, NJ 07762

    $7,500,000

    • 7 Beds
    • 8 Baths
    • 6,500 Sq Ft
    • 212 Vroom Ave
    • Spring Lake, NJ

    Experience the pinnacle of coastal luxury in this exquisite Jersey Shore estate. Set on an oversized 75' wide lot, this beautifully designed home offers 7 spacious BRs and 6.2 elegantly appointed baths. Outdoor living is unparalleled with a refreshing inground pool, patio fireplace, grilling area, pool cabana house, and outdoor shower—perfect for sun-soaked days. Inside, 10' ceilings on the first

    Michael Skea Ward Wight Sotheby's International Realty

    Section Image
  • 11 Union Ave, Spring Lake, NJ 07762

    $7,900,000

    • 6 Beds
    • 7 Baths
    • 11 Union Ave
    • Spring Lake, NJ

    Catch the breathtaking Ocean Views from the front 2nd & 3rd floor balconies, this custom-designed home blends timeless craftsmanship with modern sophistication. In the back of the house, exit the Primary Bath to enjoy sunsets off the back balcony w a Gas Fire Pit overlooking the Pool and Outdoor Kitchen. Discover unparalleled elegance in this stunning 6BR, 7Bath luxury home, 4 of the 6 bedrooms

    Kerry Patterson Ward Wight Sotheby's International Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Stathis James -- None Available
Stathis James $5,407,211 True North Title Svcs Llc
14 Newark Ave Enterprises Llc $3,052,000 None Available
Magnusson Barbara -- None Available
Magnusson Kyle $2,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 14 Newark Avenue Enterpriese Llc $500,000
Previous Owner 14 Newark Avenue Enterprises Llc $1,425,000
Previous Owner 14 Newark Avenue Enterprises Llc $500,000
Previous Owner Magnusson Kyle $250,000
Previous Owner Magnusson Kyle $900,000
Previous Owner Magnusson Kyle $1,875,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2019 03/15/19 Sold $5,407,000 +77.2% $1,257 / Sq Ft
12/13/2017 12/13/17 Sold $3,052,000 -- $634 / 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 $36,499 $7,434,400 $4,684,900 $2,749,500
2023 $36,499 $7,256,300 $4,571,100 $2,685,200
2022 $33,352 $6,820,300 $4,232,700 $2,587,600
2021 $33,352 $5,558,600 $3,218,100 $2,340,500
2020 $33,317 $5,391,100 $3,034,500 $2,356,600
2019 $19,117 $3,034,500 $3,034,500 $0
2018 $19,592 $3,119,700 $3,034,500 $85,200
2017 $19,021 $3,038,500 $2,958,000 $80,500
2016 $18,821 $2,755,600 $2,420,600 $335,000
2015 $19,234 $2,755,600 $2,420,600 $335,000
2014 $18,865 $2,750,000 $2,500,000 $250,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21810379

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00095-0000-00018