NOT LISTED FOR SALE

16 Salem Ave Spring Lake, NJ 07762

Estimated Value: $5,270,000 - $6,205,000

7 Beds
4.5 Baths
2,553 Sq Ft
$2,195/Sq Ft Est. Value

Sale Details

Date Sold: May 14, 2021

Last sale price $3,600,000 $1,410 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $31,595 / mo

19 Days on Market

Highlights

  • Water Views
  • Custom Home
  • Engineered Wood Flooring
  • Oceanside
  • New Kitchen
  • No HOA

About This Home

As of May 2021

This ocean block seashore colonial has a large open porch for al fresco dining and entertaining while enjoying the ocean breezes. The home has 7 spacious bedrooms on 3 levels, 4 1/2 baths including a bedroom suite on the 1st floor. There is an open floorplan between your kitchen, dining room and open covered porch for easy entertaining and large bedrooms with 2 master bedrooms with stunning ocean views. Off the kitchen is an enclosed outdoor shower plus a storage area for bikes, beach chairs and surfboards plus a basement for additional storage. You can be in by summer!

Last Agent to Sell the Property

Joanne L. Reilly

Diane Turton, Realtors-Spring Lake License #1329355 Listed on: 02/12/2021

Diane Turton, Realtors-Spring Lake

Last Buyer's Agent

Marianne Dowling

Burke&Manna Real Estate Agency License #1222243

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,072

Year Built

  • Built in 1975

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 100 x 75

Home Design

  • Custom Home
  • Shore Colonial Architecture
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Light Fixtures
  • Blinds
  • French Doors
  • Living Room
  • Dining Room
  • Water Views
  • Basement Fills Entire Space Under The House
  • Washer

Kitchen

  • New Kitchen
  • Gas Cooktop
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Parking

  • Direct Access Garage
  • Converted Garage
  • Driveway with Pavers
  • Paver Block
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Oceanside
  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Storage

Schools

  • H. W. Mountz Elementary And Middle School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 47-00031-0000-00014-01

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,072

Year Built

Built in 1975

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Ocean Block, Oceanside
  • Inclusions: Outdoor Lighting, Washer, Blinds/Shades, Dishwasher, Light Fixtures, Microwave, Stove, Refrigerator, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Custom, Shore Colonial
  • Reso Flooring: Ceramic Tile, W/W Carpet, Wood, Engineered
  • Year Built: 1975
  • General Property Info Waterview: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Foyer Floor - Engineered5: Yes
  • Dining Room Floor - Engineered2: Yes
  • WaterSewer Public Sewer: Yes
  • Floors Engineered: Yes
  • Kitchen Center Island: Yes
  • Kitchen Floor - Engineered3: Yes
  • Exterior Balcony2: Yes
  • Garage Direct Entry: Yes
  • General Property Info Acreage: 0.17
  • General Property Info Lot Dimensions: 100 x 75
  • Location Middle School: H. W. Mountz
  • Dining Room Floor - Wood3: Yes
  • Kitchen Newer: Yes
  • Exterior Storage: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Porch - Open: Yes
  • Included BlindsShades: Yes
  • Included Light Fixtures: Yes
  • Living Room Floor - WW Carpet7: Yes
  • Included Outdoor Lighting: Yes
  • Foyer Floor - Wood: Yes
  • Style Shore Colonial: Yes
  • Kitchen Floor - Wood4: Yes
  • Parking Paver Block: Yes
  • Dining Room French Doors3: Yes
  • Garage Converted: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Stories: 2
  • Full Basement: Yes
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • OtherRoomsOther2: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bedroom Floor - Ceramic6: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Exterior Features: Balcony, Porch - Open, Storage, Porch - Covered
  • Features Exterior:Porch Covered: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: Yes
  • Parking Features: Paver Block, Driveway, Off Street, On Street, Direct Access, Converted Garage
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking Driveway: Yes
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, 2 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 75
  • Lot Size Sq Ft: 7405.2
  • Parcel #: 47-00031-0000-00014-01
  • Zoning Description: Single Family

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 12072.0

MLS Schools

  • Elementary School: H. W. Mountz

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2021
Closed on
Jun 16, 2021
Sold by
Sleeman Andrew W and Sleeman Kimberly A
Bought by
Kopp Kathleen M and Perez Alfredo R
Seller's Agent
Joanne L. Reilly
Diane Turton, Realtors-Spring Lake
Buyer's Agent
Marianne Dowling
Burke&Manna Real Estate Agency
List Price
$3,699,000
Sold Price
$3,600,000
Premium/Discount to List
-$99,000
-2.68%
Current Estimated Value
$5,604,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,004,160
Avg. Annual Appreciation
9.27%
Interest Rate
2.96%

Purchase Details

Listed on
Feb 12, 2021
Closed on
May 6, 2021
Sold by
Sleeman Andrew W and Sleeman Kimberly Ariane
Bought by
Perez Alfredo R and Kopp Kathleen M
Seller's Agent
Joanne L. Reilly
Diane Turton, Realtors-Spring Lake
Buyer's Agent
Marianne Dowling
Burke&Manna Real Estate Agency
List Price
$3,699,000
Sold Price
$3,600,000
Premium/Discount to List
-$99,000
-2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
2.96%

Purchase Details

Listed on
Nov 25, 2011
Closed on
May 18, 2012
Sold by
Perez Mercedes
Bought by
Sleeman Andrew W
Seller's Agent
Linda Zoufaly
Gloria Nilson & Co. Real Estate
Buyer's Agent
Bonnie O'Malley
Bonnie O' Malley Realtor
Sold Price
$1,397,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.10%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kopp Kathleen M $3,600,000 --
Perez Alfredo R $3,600,000 Oceanview Title Agency Llc
Perez Alfredo R $3,600,000 Oceanview Title
Sleeman Andrew W $1,397,775 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kopp Kathleen M --
Open Perez Alfredo R $2,600,000
Closed Perez Alfredo R $2,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/14/2021 05/14/21 Sold $3,600,000 -2.7% $1,410 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
02/11/2021 02/11/21 For Sale $3,699,000 +164.6% $1,449 / Sq Ft
05/18/2012 05/18/12 Sold $1,397,775 -- $548 / Sq Ft View Prior Sale
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $20,143 $4,345,700 $2,859,200 $1,486,500
2024 $19,587 $4,119,200 $2,091,600 $2,027,600
2023 $19,587 $3,894,000 $1,913,700 $1,980,300
2022 $13,149 $3,624,600 $1,739,100 $1,885,500
2021 $13,149 $2,031,700 $1,424,000 $607,700
2020 $12,159 $1,967,400 $1,383,300 $584,100
2019 $12,072 $1,916,200 $1,349,000 $567,200
2018 $11,949 $1,902,700 $1,349,000 $553,700
2017 $11,426 $1,825,300 $1,302,000 $523,300
2016 $10,036 $1,469,400 $1,119,700 $349,700
2015 $10,550 $1,401,500 $1,161,700 $239,800
2014 $10,459 $1,524,600 $1,284,800 $239,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22104003

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00031-0000-00014-01

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