NOT LISTED FOR SALE

2409 Prospect Ave Spring Lake, NJ 07762

Estimated Value: $6,278,094 - $8,222,000

5 Beds
4 Baths
2,984 Sq Ft
$2,405/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $3,750,000 $1,257 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $40,781/month

117 Days on Market

Highlights

  • Ocean View
  • Custom Home
  • Fireplace
  • Oceanside
  • No HOA
  • Heating System Uses Natural Gas

About This Home

As of February 2020

One of the HIGHEST ELEVATIONS IN ALL OF SPRING LAKE. Expansive, Unobstructed Oceanfront views without being on well-traveled Ocean Ave. Oversized 105 by 117 by 150 corner lot. A mix of original charm with newer kitchen make this home ready to enjoy now or provides the option of collecting substantial rent while making plans to build. Extremely rare and desirable locations such as this can take 30 years to come to market.

Last Agent to Sell the Property

Patrick Butera

RE/MAX Paradigm Realty Group Listed on: 10/02/2019

Last Buyer's Agent

Patrick Butera

Shore and Country, Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,430

Year Built

  • Built in 1958

Lot Details

  • Lot Dimensions are 156 x 113

Home Design

  • Custom Home
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Fireplace
  • Ocean Views
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Oceanside
  • Exterior Lighting

Schools

  • H. W. Mountz Elementary And Middle School

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 47-00140-0000-00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,430

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Oceanside
  • Subdivision Name: None
  • Architectural Style: Custom
  • Year Built: 1958
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 156 x 113
  • Location Middle School: H. W. Mountz
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Stories: 1
  • BasementOther: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Oceanview
  • Waterfront: No
  • Exterior Features: Lighting

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, HWBB
  • 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: 156 x 113
  • Parcel #: 47-00140-0000-00003

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 20430.0

MLS Schools

  • Elementary School: H. W. Mountz

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2020
Sold by
Down To Earth Construction Llc
Bought by
Oloughlin Brenda Martini and Baja Joint Purchase Trust
Current Estimated Value
$7,175,698

Purchase Details

Listed on
Oct 2, 2019
Closed on
Feb 28, 2020
Sold by
Pecoraro Michael J and Pecoraro Lauren
Bought by
Down To Earth Construction Llc
Seller's Agent
Patrick Butera
RE/MAX Paradigm Realty Group
Buyer's Agent
Patrick Butera
Shore and Country, Realtors
Sold Price
$3,750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.60%
Original Mortgage
$3,937,500
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 10, 1995
Sold by
Gilligan Mary
Bought by
Pecoraro Michael and Pecoraro Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 1988
Bought by
Pecoraro Michael J and Pecoraro Lauren
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Oloughlin Brenda Martini $4,741,500 First American Title Ins Co
Baja Joint Purchase Trust $4,741,500 First American Title
Down To Earth Construction Llc $3,750,000 Green Label Title
Pecoraro Michael $900,000 --
Pecoraro Michael J $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Down To Earth Construction Llc $3,937,500
Previous Owner Pecoraro Michael $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $3,750,000 -- $1,257 / Sq Ft
01/27/2020 01/27/20 Pending -- -- --
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 $32,861 $8,198,900 $5,164,000 $3,034,900
2024 $31,659 $6,720,100 $5,239,600 $1,480,500
2023 $31,659 $6,294,000 $4,848,100 $1,445,900
2022 $28,547 $5,705,400 $4,328,700 $1,376,700
2021 $20,431 $4,757,800 $3,512,500 $1,245,300
2020 $20,786 $3,363,500 $2,780,100 $583,400
2019 $20,431 $3,243,000 $2,676,500 $566,500
2018 $20,281 $3,229,500 $2,676,500 $553,000
2017 $19,648 $3,138,600 $2,615,900 $522,700
2016 $19,807 $2,900,000 $2,786,300 $113,700
2015 $20,242 $2,900,000 $2,786,300 $113,700
2014 $19,894 $2,900,000 $2,786,300 $113,700
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2020

    Patrick Butera

    RE/MAX

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21936317

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00140-0000-00003

New Jersey Monmouth County Spring Lake 07762

2409 Prospect Ave, Spring Lake, NJ

This home is located at 2409 Prospect Ave, Spring Lake, NJ 07762 since 02 October 2019 and is currently estimated at $7,175,698, approximately $2,404 per square foot. This property was built in 1958. 2409 Prospect Ave is a home located in Monmouth County with nearby schools including St. Catharine School and St Rose High 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.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes