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

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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
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

  • G

    Seller's Agent in 2019

    Gregory DeTommaso

    Berkshire Hathaway Home Services Zack Shore Realtors

  • B

    Seller Co-Listing Agent in 2019

    Brittany Schwartz

    Berkshire Hathaway Home Services Zack Shore Realtors

  • Vivian Ruggeri

    Seller's Agent in 2017

    Vivian Ruggeri

    Ruggeri Realty, LLC

    (732) 375-3133

    1 in this area

    25 Total Sales

    Vivian Ruggeri
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21810379

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00095-0000-00018

New Jersey Monmouth County Spring Lake 07762

14 Newark Ave, Spring Lake, NJ

This home is located at 14 Newark Ave, Spring Lake, NJ 07762 since 19 March 2018 and is currently estimated at $9,573,118, approximately $2,226 per square foot. This property was built in 2018. 14 Newark Ave is a home located in Monmouth County with nearby schools including St. Catharine School and St Rose High 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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