$2,925,000
SOLD AUG 25, 2017

307 W Lake Dr Spring Lake, NJ 07762

7 Beds
3.5 Baths
4,142 Sq Ft
0.35 Acres

Recently Sold

$706 Per Sq Ft

214 Days on Market

Highlights

  • Lake Front
  • New Kitchen
  • Marble Flooring
  • Lake On Lot
  • Colonial Architecture
  • 2-minute walk to Divine Park

About This Home

As of August 2017

THE JEWEL OF SPRING LAKE! Gorgeous, custom colonial overlooking the iconic Spring Lake. Beautifully renovated and upgraded home offers 4,000 sqft with 7 bedrooms and 3.5 baths. The 4 levels of fabulous living space boast a wraparound mahogany porch, spacious living room, elegant dining room, incredible gourmet kitchen opening to an inviting family room, and luxurious master suite. The amenities are sure to impress — premium kitchen appliances, marble countertops, gleaming hardwood floors, detailed decorative trim, 9+' coffered ceilings, gas fireplace, temperature-controlled wine vault, elevator, private well irrigation system, — the list goes on and on. Ideal location offers close proximity to the beach, boardwalk, train station and town center. Experience This Timeless Lakefront Estate! Olde World Charm Meets Modern Luxury!Presenting THE JEWEL OF SPRING LAKE! Magnificence and elegance are exemplified in this completely renovated and upgraded 7-bedroom, 3.5-bath colonial overlooking the picturesque Spring Lake and Divine Park. As you saunter up the Bluestone path you begin to appreciate the acute attention to fine craftsmanship and detail. The wraparound mahogany porch provides a warm welcome and sets the tone for this immaculate home, bringing to life the grandeur of a bygone era. As you enter the home, the majesty of the 9+ foot ceilings cordially complements the exquisite decorative moldings and gleaming hardwood floors. The living room boasts a 48" entry door with a diamond window pane of olde world charm, an oversized gas fireplace, and a private elevator to the Second Level. The wide opening into the dining room features fluted molding, rounded corners and a centered-keystone on the crosshead. Stepping in you come upon coffered ceilings and twin built-in corner breakfronts, as well as a swinging French door with beveled glass leading to the kitchen. The gourmet chef in you will be inspired to design and create all of your culinary delights. This fabulous kitchen offers a Wolf stainless steel dual-oven range, side-by-side Sub-Zero refrigerator/freezer, center island with a built-in microwave oven and topped with a teak hardwood counter, custom cabinets galore, marble countertops, subway tile backsplash, built-in "eat-in" area, abundant lighting, and many additional superb attributes. The seamless flow into the adjoining family room provides a venue for entertaining or relaxing, with plenty of natural light through the southern-exposure, double sliding glass doors. Off the main level hallway there is also a well-situated laundry room and delightful powder room. The oversized rear foyer provides a transition from the kitchen to the backyard, complete with a built-in bench and wall-mounted lockers.The second level is where you find the master bedroom, with its expansive luxury ensuite bathroom, wraparound balcony, and, of course, the aforementioned elevator from the living room. There are three other generously-sized bedrooms and another full bath on this floor. On the third level, there are three more bedrooms, a third full bath, cedar closet and additional storage. Escape to the beautifully-finished lower level den with wall-to-wall carpeting, numerous storage closets and a temperature-controlled wine vault. The converted carriage house serves as a 6-car garage, shared with the other two properties on the block, each with 2-car facilities. The oversized concrete driveway provides access to the gate into the hedge-lined backyard and exit onto Mercer Avenue.The Borough of Spring Lake, commonly known as the "Jewel of Jersey Shore" or the "Irish Riviera," is an enchanting hamlet nestled along the Atlantic Ocean, bordered on north by Lake Como and the south by Wreck Pond. In the late 19th century, Spring Lake, named for its sparkling spring-fed lake in the center of town, developed into a fashionable coastal resort for well-heeled visitors from New York City and Philadelphia. Today, Spring Lake is a unique year-round beach community with a population of approximately 3,000 that welcomes a large influx of summer vacationers. The town boasts a beautiful two-mile non-commercial boardwalk that borders a beautiful sand beach, several refined bed and breakfast inns, quaint downtown area comprised of a variety of lovely shops and eateries, railroad plaza served by trains on the North Jersey Coast Line, and a number of exquisite historic homes. This home is very conveniently located, just 4 blocks from the beach and boardwalk, 2 blocks from the train station, and 2 blocks from the town center. For commuters, New Jersey Transit provides rail service into New York City, while the Garden State Parkway is less than 5 miles away. And if you are in the mood for the sounds and sights of the traditional boardwalk experience, all the action can be found in nearby Point Pleasant Beach and Asbury Park.Wake up every morning to captivating lake views and gentle sea breezes. Peacefully sunbathe on the pristine sandy beach. Take the scenic footbridge into the town center. Enjoy a quiet evening stroll on the boardwalk. A personal tour is the only way to truly appreciate the splendor of this home.Your Quintessential Lakefront Estate Awaits!

Last Agent to Sell the Property

Michelle Schneider

Berkshire Hathaway HomeServices Fox & Roach - Spring Lake License #0565344 Listed on: 12/17/2016

Berkshire Hathaway HomeServices Fox & Roach - Spring Lake

Last Buyer's Agent

Michael Mulroy

Monmouth Ocean Reional Realtors, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,913

Year Built

  • Built in 1890

Lot Details

  • 0.35 Acre Lot
  • Lake Front
  • Electric Fence
  • Oversized Lot
  • Irregular Lot
  • Sprinkler System

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Parking Available
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Cedar Siding
  • Cedar

Interior Spaces

  • 4,142 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Built-In Features
  • Crown Molding
  • Ceiling height of 9 feet on the main level
  • Recessed Lighting
  • Gas Fireplace
  • Thermal Windows
  • French Doors
  • Sliding Doors
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Water Views
  • Finished Basement
  • Partial Basement
  • Laundry Room

Kitchen

  • New Kitchen
  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Kitchen Island
  • Marble Countertops

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary bedroom located on second floor
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom includes a Walk-In Shower

Home Security

  • Home Security System
  • Storm Doors

Outdoor Features

  • Lake On Lot
  • Balcony
  • Exterior Lighting
  • Porch

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Custom

Listing and Financial Details

  • Exclusions: Personal Belongings, Furniture, Dining Room Chandelier
  • Assessor Parcel Number 47-00059-0000-00002

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,913

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Model: Custom
  • ResoLotFeatures: Irregular Lot, Lake, Oversized
  • Subdivision Name: None
  • Architectural Style: Detached, Colonial
  • Reso Flooring: Ceramic Tile, W/W Carpet, Wood
  • Reso Interior Features: Balcony, Built-Ins, Ceilings - 9Ft+ 1st Flr, Ceilings - 9Ft+ 2nd Flr, Dec Molding, Elevator, French Doors, Security System, Sliding Door, Recessed Lighting
  • Year Built: 1890
  • 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
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • GreatFamily Room Sliding Door4: Yes
  • Exterior Balcony2: Yes
  • General Property Info Acreage: 0.35
  • General Property Info Lot Dimensions: Irr - 93' frontage
  • Location Middle School: H. W. Mountz
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Kitchen Newer: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Laundry: Yes
  • Rooms Living Room: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 1.0
  • Interior Balcony: Yes
  • Interior Ceilings - 9Ft 2nd Flr: Yes
  • Interior Dec Molding: Yes
  • Interior French Doors: Yes
  • Interior Recessed Lighting: Yes
  • Lot Description Irregular Lot: Yes
  • Living Room French Doors2: Yes
  • Exterior Porch - Open: Yes
  • Exterior Sprinkler Under: Yes
  • Exterior Thermal Window: Yes
  • Living Room Fireplace - Gas7: Yes
  • Exterior Storm Door(s): Yes
  • Dining Room Dec Molding4: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • Parking Concrete: Yes
  • Living Room Dec Molding3: Yes
  • Kitchen BnookDining Area: Yes
  • Kitchen Eat-In: Yes
  • Kitchen French Doors5: Yes
  • Kitchen Floor - Wood4: Yes
  • Parking Oversized2: Yes
  • Foyer Floor - Ceramic: Yes
  • Siding Cedar: Yes
  • Exterior Security System3: Yes
  • GreatFamily Room French Doors4: Yes
  • Dining Room Built-Ins3: Yes
  • Dining Room French Doors3: Yes
  • Kitchen Marble4: Yes
  • Lot Description Lake2: Yes
  • Water Type Lake: Yes
  • Exterior Fence - Electric: Yes
  • Cooling 2 Zoned AC: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Finished, Partial
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Fireplaces: 1
  • Total Bedrooms: 17
  • Stories: 3
  • Basement Finished: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Family Room: Yes
  • Other Rooms:Foyer: Yes
  • Appliances:Water Heater - Tankless: Yes
  • Features Interior:Security System: Yes
  • Basement:Partial: Yes
  • Features-Interior:Elevator: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bedroom Level:Second43: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bath Double Sinks: Yes
  • Primary Bath Floor - Marble2: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.35
  • Topography: Level
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exclusions: Personal Belongings, Furniture, Dining Room Chandelier
  • Construction Type: Cedar
  • Exterior Features: Balcony, Fence - Electric, Porch - Open, Security System, Sprinkler Under, Storm Door(s), Thermal Window, Lighting

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, Radiator, HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Dimensions: Irr - 93' frontage
  • Lot Size Sq Ft: 15246.0
  • Parcel #: 47-00059-0000-00002
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 14913.0

MLS Schools

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

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
$5,399,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,474,143
Avg. Annual Appreciation
8.03%
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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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 Type Sale Price Title Company
Deed $2,925,000 Westcor Land Title Ins Co
Deed -- None Available
Deed -- --
Deed $2,064,000 --
Deed $170,000 --
Deed $675,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,661,000 New Conventional
Closed $1,661,000 New Conventional
Previous Owner $2,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $600,000 Stand Alone First
Previous Owner $600,000 New Conventional
Previous Owner $1,500,000 Purchase Money Mortgage
Previous Owner $250,000 Purchase Money Mortgage
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
2025 $19,707 $4,293,100 $3,072,400 $1,220,700
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: 21645700

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00059-0000-00002