NOT LISTED FOR SALE

16 Magnolia Dr Spring Lake, NJ 07762

Estimated Value: $880,000 - $933,906

2 Beds
3 Baths
1,786 Sq Ft
$509/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $615,000 $344 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $5,787/month

About This Home

As of October 2020

Unfurnished ANNUAL RENTAL available 11/1/23. Enjoy this pristine gated community which offers 24 hour security entrance, 18 hole executive golf course, pro-shop, tennis courts, swimming pool, & a newly renovated clubhouse. This 2 bedroom 2.5 bath home has wonderful golf course views that backs to the 7th fairway. The kitchen with its new modern stainless steel appliances sits directly off family room with gas fireplace. Freshly painted interior. Lovely dinning area and living room allows for family gatherings. Second level welcomes you with sun dredged generous office or study with plantation shutters.. Master bedroom with en-suite and large closet. All ideally located close to the beach and Spring Lake quaint town for shopping, train service and dining.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2020
Closed on
Oct 2, 2020
Sold by
Maiorani Gerard
Bought by
Swingle Christopher and Swingle Annemarie
Seller's Agent
Megan Schnurr
Keller Williams Realty Spring Lake
Buyer's Agent
Megan Schnurr
Ocean Pointe
Sold Price
$74,400
Current Estimated Value
$909,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$834,827
Avg. Annual Appreciation
8.66%
Original Mortgage
$492,000
Outstanding Balance
$440,796
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$468,431

Purchase Details

Closed on
Jul 20, 2020
Sold by
Reiner George S
Bought by
Maiorani Gerard C

Purchase Details

Closed on
Oct 6, 1983
Bought by
Reiner George S and Reiner Audrey T
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Swingle Christopher $615,000 Trident Abstract Ttl Agcy Ll
Swingle Christopher $615,000 Trident Abstract Title
Maiorani Gerard C $490,000 Associated Title Agency
Reiner George S $124,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swingle Christopher $492,000
Closed Swingle Christopher $492,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2023 09/19/23 Rented $84,000 +2300.0% --
09/12/2023 09/12/23 Under Contract -- -- --
09/08/2023 09/08/23 For Rent $3,500 -95.3% --
10/31/2020 10/31/20 Rented $74,400 +2154.5% --
10/26/2020 10/26/20 Under Contract -- -- --
10/03/2020 10/03/20 For Rent $3,300 0.0% --
10/02/2020 10/02/20 Sold $615,000 +2.5% $344 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
08/20/2020 08/20/20 For Sale $599,900 -- $336 / Sq Ft

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 $8,494 $795,000 $524,500 $270,500
2023 $8,494 $758,400 $467,500 $290,900
2022 $8,209 $664,400 $375,000 $289,400
2021 $8,209 $608,100 $345,000 $263,100
2020 $7,176 $528,400 $360,000 $168,400
2019 $7,185 $523,700 $360,000 $163,700
2018 $7,209 $511,300 $360,000 $151,300
2017 $6,928 $509,400 $360,000 $149,400
2016 $7,227 $524,800 $360,000 $164,800
2015 $6,187 $450,600 $290,000 $160,600
2014 $6,203 $461,900 $290,000 $171,900
Source: Public Records

Agents Affiliated with this Home

  • Megan Schnurr

    Seller's Agent in 2023

    Megan Schnurr

    Keller Williams Realty Spring Lake

    (732) 221-5673

    3 in this area

    100 Total Sales

    Megan Schnurr
    Section Image
  • Gregory DeTommaso

    Buyer's Agent in 2023

    Gregory DeTommaso

    BHHS Fox & Roach

    (908) 209-1188

    27 Total Sales

    Gregory DeTommaso
    Section Image

  • D

    Seller's Agent in 2020

    Deborah Maiorani

    Compass New Jersey , LLC

    (732) 740-7015

    2 in this area

    11 Total Sales

    Deborah Maiorani
    Section Image
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Map

New Jersey Monmouth County Spring Lake 07762

16 Magnolia Dr, Spring Lake, NJ

This home is located at 16 Magnolia Dr, Spring Lake, NJ 07762 and is currently estimated at $909,227, approximately $509 per square foot. 16 Magnolia Dr is a home located in Monmouth County with nearby schools including Spring Lake Heights Elementary School and St. Catharine 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.

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