16 Sussex Ave Spring Lake, NJ 07762
8
Beds
5.5
Baths
7,939
Sq Ft
0.52
Acres
Highlights
- Ocean View
- Property is near an ocean
- Wood Flooring
- Spa
- 0.52 Acre Lot
- Victorian Architecture
About This Home
As of June 2025Welcome to 16 (and 20) Sussex Ave. in Spring Lake, NJ. This is an incredible opportunity for prime real estate in Spring Lake. Sussex Ave., is a 150-foot by 150-foot property allowing for two 75 x 150 lots to be developed. Whether someone dreams of designing a custom, sprawling estate or prefers to subdivide the lot to maximize potential, the options seem limitless. The R3 zoning is particularly appealing for developers or investors.
Last Agent to Sell the Property
Jack Green Realty License #0902909 Listed on: 12/05/2024
Last Buyer's Agent
Ward Wight Sotheby's International Realty License #0903217
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $36,211
Year Built
- Built in 1886
Lot Details
- 0.52 Acre Lot
- Lot Dimensions are 150 x 150
- Oversized Lot
- Sprinkler System
- Historic Home
Parking
- 2 Car Garage
- Double-Wide Driveway
- Off-Street Parking
Home Design
- Victorian Architecture
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 7,939 Sq Ft Home
- 2-Story Property
- Wet Bar
- Crown Molding
- Recessed Lighting
- Wood Burning Fireplace
- Leaded Glass Windows
- Sliding Doors
- Mud Room
- Entrance Foyer
- Family Room
- Sitting Room
- Living Room
- Dining Room
- Den
- Center Hall
- Wood Flooring
- Ocean Views
- Walkup Attic
- Laundry Room
Kitchen
- Eat-In Kitchen
- Butlers Pantry
- Kitchen Island
Bedrooms and Bathrooms
- 8 Bedrooms
- Primary bedroom located on second floor
- Walk-In Closet
- Whirlpool Bathtub
- Primary Bathroom Bathtub Only
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Accessible Home Design
- Hand Rail
Outdoor Features
- Spa
- Property is near an ocean
- Balcony
- Covered Patio or Porch
- Gazebo
Schools
- H. W. Mountz Elementary And Middle School
Utilities
- Air Conditioning
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Listing and Financial Details
- Exclusions: All personal items.
- Assessor Parcel Number 47-00055-0000-00013
Community Details
Recreation
- Recreational Area
Additional Features
- No Home Owners Association
- Billiard Room
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 5, 2024
Closed on
Jun 27, 2025
Sold by
Elbogen Janos and Elbogen Renate
Bought by
Sagui Matthew and Sagui Elizabeth
Seller's Agent
Jenifer Green Grigg
Jack Green Realty
Buyer's Agent
Elizabeth Hewson-judge
Ward Wight Sotheby's International Realty
List Price
$9,000,000
Sold Price
$7,250,000
Premium/Discount to List
-$1,750,000
-19.44%
Views
261
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.89%
Purchase Details
Closed on
Jun 13, 2019
Sold by
Elbogen Janos
Bought by
Elbogen Janos and Elbogen Renate
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,237,500
Interest Rate
4.1%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
Mar 12, 2018
Sold by
Elbogen Janos and Elbogen Renate
Bought by
Elbogen Janos
Similar Homes in Spring Lake, NJ
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $7,250,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | Evident Title Agency Inc | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $9,300,000 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $7,237,500 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $760,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $750,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $750,000 | New Conventional | |
| Previous Owner | $750,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Sold | $7,250,000 | -9.4% | $913 / Sq Ft |
| 06/12/2025 06/12/25 | Pending | -- | -- | -- |
| 03/25/2025 03/25/25 | Price Changed | $8,000,000 | -11.1% | $1,008 / Sq Ft |
| 12/05/2024 12/05/24 | For Sale | $9,000,000 | -- | $1,134 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History Compared to Growth
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 | $36,211 | $8,276,100 | $6,038,500 | $2,237,600 |
| 2024 | $36,438 | $7,405,200 | $5,289,500 | $2,115,700 |
| 2023 | $36,438 | $7,244,200 | $5,178,000 | $2,066,200 |
| 2022 | $32,787 | $6,762,000 | $4,794,700 | $1,967,300 |
| 2021 | $32,787 | $5,464,500 | $3,685,000 | $1,779,500 |
| 2020 | $32,045 | $5,185,300 | $3,475,000 | $1,710,300 |
| 2019 | $32,356 | $5,135,900 | $3,475,000 | $1,660,900 |
| 2018 | $32,005 | $5,096,300 | $3,475,000 | $1,621,300 |
| 2017 | $30,877 | $4,932,400 | $3,400,000 | $1,532,400 |
| 2016 | $33,661 | $4,928,400 | $2,585,600 | $2,342,800 |
| 2015 | $34,400 | $4,928,400 | $2,585,600 | $2,342,800 |
| 2014 | $33,809 | $4,928,400 | $2,585,600 | $2,342,800 |
Source: Public Records
Agents Affiliated with this Home
-
Jenifer Green Grigg
Seller's Agent in 2025
Jenifer Green Grigg
Jack Green Realty
(732) 685-3978
6 in this area
45 Total Sales
-
Elizabeth Hewson-judge
Buyer's Agent in 2025
Elizabeth Hewson-judge
Ward Wight Sotheby's International Realty
(732) 859-3018
10 in this area
20 Total Sales
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22434429
APN: 47-00055-0000-00013
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