NOT LISTED FOR SALE

1703 Ocean Ave Spring Lake, NJ 07762

Estimated Value: $7,624,000 - $10,582,725

5 Beds
9 Baths
6,319 Sq Ft
$1,501/Sq Ft Est. Value

About This Home

Spring Lake's Finest, an absolutely stunning home thatoffers all one expects from a Luxury Beach Rental. Oceanfront property with unobstructed views from the upper and lower balconies, porches and endless walls of windows, everything sky and Ocean. Simple, elegant, yet comfortable for all. Pool facing the Atlantic Ocean, for those who prefer to lounge peacefully by the pool. The outdoor kitchen allows for dining al fresco. Also,5 ensuite bedrooms which includes 2 Master suites, one which includes a private office over looking the Great Atlantic . Rainy days can be spent in the finished basement, with games, theater, exercise room and even a private wine cellar. (BYOB)Don't miss this chance to enjoy lovely Spring Lake, Where luxury meets casual summer fun. 7/16 to 7/30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2024
Sold by
Lucas Craig
Bought by
Craig Lucas Irrevocable Family Trust and Lucas
Current Estimated Value
$9,487,242

Purchase Details

Closed on
Feb 7, 2024
Sold by
Lucas Craig and Lucas Katherine
Bought by
Lucas Craig
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Craig Lucas Irrevocable Family Trust -- Newmark Title
Lucas Craig -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lucas Craig $5,000,000
Previous Owner Lucas Craig M $5,000,000
Previous Owner Lucas Craig $1,000,000
Previous Owner Lucas Craig $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2022 04/26/22 Rented $87,500 0.0% --
02/26/2022 02/26/22 Price Changed $87,500 -50.0% $14 / Sq Ft
01/31/2022 01/31/22 For Rent $175,000 -- --

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 $63,338 $12,780,900 $10,244,000 $2,536,900
2023 $63,338 $12,592,100 $10,114,000 $2,478,100
2022 $57,052 $11,839,700 $9,452,600 $2,387,100
2021 $57,052 $9,508,700 $7,323,500 $2,185,200
2020 $57,174 $9,251,400 $7,127,200 $2,124,200
2019 $55,950 $8,880,900 $6,795,000 $2,085,900
2018 $55,739 $8,875,600 $6,795,000 $2,080,600
2017 $54,853 $8,762,500 $6,795,000 $1,967,500
2016 $41,192 $6,031,100 $3,307,900 $2,723,200
2015 $42,239 $6,051,400 $3,328,200 $2,723,200
2014 $42,417 $6,183,200 $3,460,000 $2,723,200
Source: Public Records

Agents Affiliated with this Home

  • Anita Vandenbulcke

    Seller's Agent in 2022

    Anita Vandenbulcke

    Ward Wight Sotheby's International Realty

    (732) 245-8822

    8 in this area

    19 Total Sales

    Anita Vandenbulcke
    Section Image
  • Keith Kernan

    Seller Co-Listing Agent in 2022

    Keith Kernan

    Ward Wight Sotheby's International Realty

    (732) 501-1584

    4 in this area

    44 Total Sales

    Keith Kernan
    Section Image

  • L

    Buyer's Agent in 2022

    Louise Decker

    Diane Turton, Realtors-Spring Lake

    (732) 449-4441

    3 in this area

    25 Total Sales

    Louise Decker
    Section Image
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Map

New Jersey Monmouth County Spring Lake 07762

1703 Ocean Ave, Spring Lake, NJ

This home is located at 1703 Ocean Ave, Spring Lake, NJ 07762 and is currently estimated at $9,487,242, approximately $1,501 per square foot. 1703 Ocean Ave is a home located in Monmouth County with nearby schools including St. Catharine School and St Rose High School.

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