NOT LISTED FOR SALE

18 Passaic Ave Spring Lake, NJ 07762

Estimated Value: $6,585,000 - $8,883,144

6 Beds
4.5 Baths
6,989 Sq Ft
$1,161/Sq Ft Est. Value

Last Sold December 02, 2022

Last sale price $6,730,000 $963 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $46,966/month

205 Days on Market

Highlights

  • Ocean View
  • Garage Apartment
  • Custom Home
  • Pool and Spa
  • Property is near an ocean
  • Fireplace in Primary Bedroom

About This Home

As of December 2022

One of Spring Lake's last premier estates. This unique estate is an exposition of old world charm and craftsmanship blended with modern amenities. Perfectly located on expansive private 150'X150' property in the center of town and just one short block from Spring Lake's pristine beaches and boardwalk. A few of the many features of this home include an open first level floor plan with a grand living room flanked by a beautiful formal dining room and a private study. The living room is also open to a billiard room and two large family rooms. All three of these rooms access a massive bluestone raised veranda, in-ground pool and manicured garden and provide the perfect setting for elegant entertaining and alfresco dining. A beautiful custom kitchen includes marble counters, onyx backsplashes, two Wolf ovens, five burner Wolf cooktop, Sub-Zero refrigerator, ice maker, a center island with seating for seven, a butler's area with a copper prep sink and a charming breakfast area with a fireplace. The second level includes a luxurious master suite with a fireplace, private bath and large porch with stunning ocean views. There are two additional spacious and bright bedrooms and an additional full bath. Both bedrooms have access to a large porch with ocean views. The third level has three bedrooms, one with a fireplace and two with ocean views plus two full baths. Other features include custom built-ins and millwork, hardwood floors, central air conditioning and a full basement. Exterior features include a charming carriage house with ocean views, a living room, kitchen, two bedrooms, two full baths, laundry area, central heat and air conditioning and a two bay garage with an epoxy floor. A beautiful free form concrete pool, lush gardens and mature landscape.

Last Agent to Sell the Property

Denise Collaro

D'Amico & McConnell Realtors License #0790875 Listed on: 03/09/2022

Last Buyer's Agent

Paula Greeley

D'Amico & McConnell Realtors License #1973617

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,893

Lot Details

  • Fenced
  • Corner Lot
  • Oversized Lot
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Detached Garage
  • Garage Apartment
  • Oversized Parking

Home Design

  • Custom Home
  • Tudor Architecture
  • Mirrored Walls
  • Slate Roof

Interior Spaces

  • 3-Story Property
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Crown Molding
  • Tray Ceiling
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Awning
  • Blinds
  • Leaded Glass Windows
  • French Doors
  • Sliding Doors
  • Family Room
  • Living Room
  • Dining Room with Fireplace
  • Home Office
  • Ocean Views
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Built-In Double Oven
  • Gas Cooktop
  • Stove
  • Portable Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Quartz Countertops

Flooring

  • Wood
  • Marble
  • Slate Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bathroom is a Full Bathroom
  • Marble Bathroom Countertops
  • Primary Bathroom Bathtub Only
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Pool

  • Pool and Spa
  • Concrete Pool
  • In Ground Pool
  • Fence Around Pool
  • Pool Equipment Stays

Outdoor Features

  • Property is near an ocean
  • Balcony
  • Patio
  • Exterior Lighting
  • Porch

Additional Homes

  • Separate Apartment

Schools

  • H. W. Mountz Elementary And Middle School
  • Manasquan High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Billiard Room

Listing and Financial Details

  • Exclusions: chandelier in living room, pier mirror in living room, chandelier in first floor side room study.
  • Assessor Parcel Number 4700066000000013

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,893

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Corner Lot, See Remarks, Ocean Block, Oversized
  • ResoPoolFeatures: See Remarks, Concrete, Fenced, In Ground, Pool Equipment, With Spa
  • Inclusions: Outdoor Lighting, Washer, Wall Oven, Window Treatments, Blinds/Shades, Counter Top Range, Dishwasher, Central Vacuum, Dryer, Double Oven, Microwave, Security System, Stove, Refrigerator, Awnings, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Custom, Detached, Tudor
  • Reso Flooring: Marble, Wood, See Remarks
  • Reso Interior Features: Attic - Pull Down Stairs, Balcony, Built-Ins, Dec Molding, French Doors, Laundry Tub, Lead Glass Window, Security System, Skylight, Sliding Door, Wall Mirror, Wet Bar, Recessed Lighting
  • General Property Info Waterview: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: Yes
  • Interior Sliding Door: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • Kitchen Quartz: Yes
  • GreatFamily Room Sliding Door4: Yes
  • Exterior Balcony2: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 150 X 150 See Survey
  • Location Middle School: H. W. Mountz
  • Lot Description Corner Lot: Yes
  • Interior Attic - Pull Down Stairs: Yes
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • WaterSewer Well: Yes
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Rooms Living Room: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Interior Balcony: Yes
  • Interior Dec Molding: Yes
  • Interior French Doors: Yes
  • Interior Recessed Lighting: Yes
  • Living Room French Doors2: Yes
  • Exterior Porch - Open: Yes
  • Included BlindsShades: Yes
  • Exterior Sprinkler Under: Yes
  • Included Outdoor Lighting: Yes
  • Included Window Treatments: Yes
  • Living Room Fireplace - Gas7: Yes
  • Kitchen Sliding Door5: Yes
  • Foyer Floor - Wood: Yes
  • Dining Room Dec Molding4: Yes
  • Kitchen GraniteStone Counter: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • Pool Fenced: Yes
  • Pool Pool Equipment: Yes
  • Included Double Oven: Yes
  • Living Room Dec Molding3: Yes
  • Kitchen Eat-In: Yes
  • Kitchen Dec Molding5: Yes
  • Parking Oversized2: Yes
  • Interior Wall Mirror: Yes
  • Included Security System2: Yes
  • Pool With Spa: Yes
  • Interior Laundry Tub: Yes
  • Living Room Sliding Door2: Yes
  • Kitchen Fireplace - Gas5: Yes
  • Dining Room Sliding Door3: Yes
  • Included Awnings: Yes
  • Included Counter Top Range: Yes
  • Living Room Built-Ins2: Yes
  • Exterior Security System3: Yes
  • GreatFamily Room Dec Molding6: Yes
  • Foyer Floor - Marble: Yes
  • Floors Marble: Yes
  • Pool Concrete2: Yes
  • Rooms Billiard Room: Yes
  • Foyer Dec Molding2: Yes
  • Dining Room French Doors3: Yes
  • Garage Apt Above Garage: Yes
  • Interior Lead Glass Window: Yes
  • Dining Room Fireplace - Gas6: Yes
  • Rooms Separate Apartment: Yes
  • RoofSlate: Yes
  • Kitchen Floor - Slate2: Yes
  • Separate Apartment Level Second38: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Other
  • Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Stories: 3
  • Full Basement: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Family Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • BasementOther: Yes
  • Features Interior:Security System: Yes
  • Appliances Included:Wall Oven: Yes
  • Features Interior:Skylight: Yes
  • Features Interior:Wet Bar: Yes
  • Appliances Included:Central Vacuum: Yes
  • Other Rooms:Study: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bedroom:TRYVLTCATH3: Yes
  • Primary Bath:Tub: Yes
  • Primary Bath Marble7: Yes
  • Primary Bath Floor - Marble2: Yes
  • Primary Bedroom Fireplace - Gas2: Yes

Exterior Features

  • Roof: Slate
  • Topography: Level
  • Waterfront Features: Oceanview
  • Waterfront: No
  • Exclusions: chandelier in living room, pier mirror in living room, chandelier in first floor side room study.
  • Exterior Features: Balcony, Fence, Patio, Porch - Open, Security System, Sprinkler Under, Other, Lighting
  • Exterior Features:Pool-In Ground: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: See Remarks, Other
  • General Property Info:Garage: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • HeatingYN: Yes
  • Water Source: Public, Well
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Dimensions: 150 X 150 See Survey
  • Parcel #: 4700066000000013
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 32893.0

MLS Schools

  • Elementary School: H. W. Mountz
  • High School: Manasquan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2022
Closed on
Nov 17, 2022
Sold by
Munro Mark E
Bought by
Freeman Timothy and Nukk-Freeman Katherin
Seller's Agent
Denise Collaro
D'Amico & McConnell Realtors
Buyer's Agent
Paula Greeley
D'Amico & McConnell Realtors
List Price
$8,999,000
Sold Price
$6,730,000
Premium/Discount to List
-$2,269,000
-25.21%
Views
42
Current Estimated Value
$8,387,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,657,969
Avg. Annual Appreciation
6.36%
Original Mortgage
$4,760,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 1998
Sold by
Unger Donald
Bought by
Munro Mark and Munro Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.03%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Freeman Timothy $6,800,000 --
Munro Mark $2,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Freeman Timothy $4,760,000
Previous Owner Munro Mark $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2022 12/02/22 Sold $6,730,000 -15.8% $963 / Sq Ft
10/01/2022 10/01/22 Pending -- -- --
08/25/2022 08/25/22 Price Changed $7,990,000 -11.2% $1,143 / Sq Ft
03/09/2022 03/09/22 For Sale $8,999,000 -- $1,288 / 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
2025 $34,133 $7,747,800 $6,038,500 $1,709,300
2024 $36,541 $6,980,100 $5,289,500 $1,690,600
2023 $36,541 $7,264,700 $5,178,000 $2,086,700
2022 $32,792 $6,781,500 $4,794,700 $1,986,800
2021 $32,792 $5,482,100 $3,685,000 $1,797,100
2020 $32,150 $5,202,300 $3,475,000 $1,727,300
2019 $32,459 $5,152,300 $3,475,000 $1,677,300
2018 $32,106 $5,112,400 $3,475,000 $1,637,400
2017 $30,972 $4,947,600 $3,400,000 $1,547,600
2016 $32,550 $4,765,800 $2,533,100 $2,232,700
2015 $33,265 $4,765,800 $2,533,100 $2,232,700
2014 $32,693 $4,765,800 $2,533,100 $2,232,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22206588

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00066-0000-00013