NOT LISTED FOR SALE

307 W Lake Dr Spring Lake, NJ 07762

Estimated Value: $5,095,000 - $5,819,000

7 Beds
4.5 Baths
4,100 Sq Ft
$1,330/Sq Ft Est. Value

Last Sold August 25, 2017

Last sale price $2,925,000 $713 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $30,480/month

Highlights

  • Lake Front
  • Custom Home
  • Wood Flooring
  • Lake On Lot
  • New Kitchen
  • 2-minute walk to Divine Park

About This Home

As of August 2023

YOUR DREAM SUMMER IS CALLING YOU!! This one-of-a-kind beauty is available for summer 2024 . This grand classic Spring Lake waterfront home has been updated for today's modern conveniences and comfort. Situated directly across from Spring Lake this 6BR/4.5BA plus office stunning home awaits you. Sit on the expansive front porch with a cup of coffee or glass of wine as you enjoy spectacular views of the lake. Included are linens, towels, and beach towels. Also included are 6 beach chairs, 5 bikes, cart, umbrellas and 6 beach badges. Sonos outside and on 1st fl, outdoor ping pong table as well. NO PETS. 9/6-9/30 $10,000 per week. Call about availability for 2024.UTILITIES AND MID-STAY CLEANING INCLUDED

Last Agent to Rent the Property

Christine Woodrow

Ward Wight Sotheby's International Realty License #1648856 Listed on: 09/08/2022

Co-Listed By

Michael Mulroy

Ward Wight Sotheby's International Realty License #0896973

Last Renter's Agent

Catherine Baugh

Bonnie O' Malley Realtor

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,640

Year Built

  • Built in 1890

Lot Details

  • 0.25 Acre Lot
  • Lake Front

Parking

  • 2 Car Detached Garage
  • Driveway
  • On-Street Parking

Home Design

  • Custom Home
  • Colonial Architecture

Interior Spaces

  • 4,100 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Built-In Features
  • Crown Molding
  • Recessed Lighting
  • Gas Fireplace
  • French Doors
  • Sliding Doors
  • Water Views
  • Finished Basement

Kitchen

  • New Kitchen
  • Breakfast Area or Nook
  • Kitchen Island
  • Marble Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms

Outdoor Features

  • Property is near a lake
  • Lake On Lot
  • Lake Property
  • Porch

Schools

  • H. W. Mountz Elementary And Middle School
  • St. Rose High School

Utilities

  • Zoned Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Tankless Water Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $4,000
  • Property Available on 9/6/23
  • Assessor Parcel Number 47-00059-0000-00002

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,640

Year Built

Built in 1890

Lot Details

0

Parking

2

Rental Info

  • Furnished: Furnished
  • Available Date: 2023-09-06

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Co List Office Mls Id: 2195
  • Co List Office Phone: 732-449-5959
  • Subdivision Name: None
  • Architectural Style: Custom, Colonial
  • Reso Flooring: Ceramic Tile
  • Reso Interior Features: Built-Ins, Dec Molding, French Doors, Sliding Door, Recessed Lighting
  • Year Built: 1890
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info Assigned Parking: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • GreatFamily Room Sliding Door4: Yes
  • General Property Info Acreage: 0.25
  • Location Middle School: H. W. Mountz
  • Kitchen Newer: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Interior Dec Molding: Yes
  • Interior French Doors: Yes
  • Interior Recessed Lighting: Yes
  • Exterior Porch - Open: Yes
  • Living Room Fireplace - Gas7: Yes
  • Foyer Floor - Wood: Yes
  • Dining Room Dec Molding4: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • Living Room Dec Molding3: Yes
  • Kitchen BnookDining Area: Yes
  • Contract Info Available Date: 2023-09-06
  • Maintenance Fees Security Deposit3: 4000.0
  • Lease Requirements Security Deposit4: Yes
  • Kitchen Floor - Wood4: Yes
  • Furnished Full2: Yes
  • GreatFamily Room French Doors4: Yes
  • Living Room Floor - Wood Floor2: Yes
  • Dining Room Floor - Wood Floor: Yes
  • Water Type Lake: Yes
  • Foyer Fireplace - Gas: Yes
  • Kitchen Marble9: Yes
  • Exterior Lake3: Yes
  • Cooling 2 Zoned AC: Yes
  • Special Features: None

Interior Features

  • Basement: Finished
  • Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Stories: 3
  • Stories: 3
  • Basement Finished: Yes
  • Appliances:Water Heater - Tankless: Yes

Exterior Features

  • Acres: 0.25
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Features: Porch - Open, Lake

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Driveway, On Street, Detached
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • Parking:On Street: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Hot Water, Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Baseboard: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Size Sq Ft: 10890.0
  • Parcel #: 47-00059-0000-00002

MLS Schools

  • Elementary School: H. W. Mountz
  • High School: St. Rose High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2016
Closed on
Aug 11, 2017
Sold by
Presutti William and Presutti Ellen Scott
Bought by
Cugno Paul and Diblasio Lina
Seller's Agent
Michelle Schneider
Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
Buyer's Agent
Michael Mulroy
Monmouth Ocean Reional Realtors, Inc.
Sold Price
$2,925,000
Current Estimated Value
$5,222,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,297,523
Avg. Annual Appreciation
7.73%
Original Mortgage
$2,000,000
Interest Rate
3.92%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 14, 2017
Sold by
Scott Walter G and Norman Scott W
Bought by
Presutti Ellen Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.92%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 11, 2006
Sold by
Presutti William
Bought by
Scott Daniel

Purchase Details

Closed on
Sep 30, 2004
Sold by
Jackson James
Bought by
Presutti William and Presutti Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 1998
Sold by
Eggimann Elsie
Bought by
Shore Professional

Purchase Details

Closed on
May 27, 1994
Sold by
Hff Inc
Bought by
Jackson James and Jackson Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
8.29%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Cugno Paul $2,925,000 Westcor Land Title Ins Co
Presutti Ellen Scott -- None Available
Scott Daniel -- --
Presutti William $2,064,000 --
Shore Professional $170,000 --
Jackson James $675,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cugno Paul $1,661,000
Closed Cugno Paul $1,661,000
Previous Owner Cugno Paul $2,000,000
Previous Owner Scott Daniel T $600,000
Previous Owner Scott Daniel $600,000
Previous Owner Presutti William $1,500,000
Previous Owner Jackson James $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2023 08/29/23 Rented $54,000 +237.5% --
08/29/2023 08/29/23 Under Contract -- -- --
02/22/2023 02/22/23 Price Changed $16,000 -66.7% $4 / Sq Ft
09/10/2022 09/10/22 Rented $48,000 +166.7% --
09/08/2022 09/08/22 For Rent $18,000 +12.5% --
04/12/2022 04/12/22 For Rent $16,000 0.0% --
08/25/2017 08/25/17 Sold $2,925,000 -- $706 / 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
2024 $19,640 $4,030,000 $2,894,200 $1,135,800
2023 $19,640 $3,904,500 $2,795,300 $1,109,200
2022 $18,770 $3,620,700 $2,564,500 $1,056,200
2021 $18,770 $3,128,300 $2,173,000 $955,300
2020 $18,798 $3,041,700 $2,123,500 $918,200
2019 $18,534 $2,941,900 $2,056,000 $885,900
2018 $18,343 $2,920,800 $2,056,000 $864,800
2017 $17,792 $2,842,100 $2,024,800 $817,300
2016 $15,130 $2,215,200 $1,483,800 $731,400
2015 $14,913 $2,136,500 $1,405,100 $731,400
2014 $14,656 $2,136,500 $1,405,100 $731,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22228422

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00059-0000-00002