NOT LISTED FOR SALE

311 Madison Ave Spring Lake, NJ 07762

Estimated Value: $5,385,000 - $7,297,128

6 Beds
6 Baths
4,720 Sq Ft
$1,431/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $5,625,000 $1,192 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $37,885/month

20 Days on Market

Highlights

  • Basketball Court
  • 0.52 Acre Lot
  • Dining Room with Fireplace
  • In Ground Pool
  • New Kitchen
  • Wooded Lot

About This Home

As of August 2022

Seamlessly blending the vintage charm of a century ''young'' home with stunning, modern conveniences & amenities, 311 Madison Avenue is a rare, special opportunity just 3 blocks to award winning beaches & a short stroll to charming downtown and Divine Park. This grand, stately home is set on an extraordinary 1/2 acre + private home site with towering trees & lush plantings. The deep, wraparound front porch beckons you. Upon entering, you're captivated by the impressive moldings, stained glass windows & 10' ceiling height. The Foyer/Piano Room & the formal Living & Dining Rooms greet you & open to the recently added Family Room & modern Eat-In Kitchen boasting Sub Zero & Viking appliances & honed granite countertops. A stunning walk-in Butler's Pantry further complements the Kitchen. A comfortable home Office, 1/2 Bath and Mudroom complete the 1st level. Upstairs, you'll find 2 Owner's Suites with 4 additional well proportioned BRs & lavish Baths. An expansive balcony overlooks the magnificent, private setting with its in-ground pool & 3 car detached garage. The stellar location of this classic home & its stunning architectural elegance make it a quintessential "Spring Laker" and your once in a lifetime opportunity!

Last Agent to Sell the Property

Michael Skea

Ward Wight Sotheby's International Realty License #0233882 Listed on: 06/09/2022

Ward Wight Sotheby's International Realty

Last Buyer's Agent

Elizabeth Hewson-judge

Ward Wight Sotheby's International Realty License #0903217

Ward Wight Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,652

Year Built

  • Built in 1910

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 150 x 150
  • Fenced
  • Oversized Lot
  • Level Lot
  • Wooded Lot
  • Landscaped with Trees

Parking

  • 3 Car Detached Garage
  • Parking Storage or Cabinetry
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Shore Colonial Architecture
  • Shingle Roof

Interior Spaces

  • 4,720 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Built-In Features
  • Crown Molding
  • Ceiling height of 9 feet on the main level
  • Ceiling Fan
  • Recessed Lighting
  • Light Fixtures
  • Wood Burning Fireplace
  • Awning
  • Blinds
  • Leaded Glass Windows
  • Bay Window
  • French Doors
  • Dining Room with Fireplace
  • 4 Fireplaces
  • Den
  • Loft
  • Bonus Room

Kitchen

  • New Kitchen
  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom Bathtub Only
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Unfinished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Pool

  • In Ground Pool
  • Outdoor Pool

Outdoor Features

  • Basketball Court
  • Balcony
  • Covered Patio or Porch
  • Terrace
  • Exterior Lighting
  • Outdoor Gas Grill

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 47-00085-0000-00007

Community Details

Overview

  • No Home Owners Association

Recreation

  • Recreational Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,652

Year Built

Built in 1910

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Oversized, Treed Lots, Wooded
  • ResoPoolFeatures: In Ground
  • Inclusions: Outdoor Lighting, Washer, Wall Oven, Window Treatments, Blinds/Shades, Ceiling Fan(s), Dishwasher, Dryer, Down Draft Range, Light Fixtures, Microwave, Stove Hood, Refrigerator, Awnings, Gas Grill, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Detached, Shore Colonial
  • Reso Interior Features: Balcony, Bonus Room, Built-Ins, Ceilings - 9Ft+ 1st Flr, Dec Molding, Den, Elevator, French Doors, Laundry Tub, Lead Glass Window, Loft, Wet Bar, Recessed Lighting
  • Year Built: 1910
  • Contract Info List PriceSqFt: 1186.44
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: Yes
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • Exterior Balcony2: Yes
  • ExteriorPatio: Yes
  • Exterior Swimming: Yes
  • Exterior Terrace: Yes
  • General Property Info Acreage: 0.52
  • General Property Info Lot Dimensions: 150 x 150
  • Location Middle School: H. W. Mountz
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Kitchen Newer: Yes
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Lot Description Treed Lots: Yes
  • Included Gas Cooking: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Parking Asphalt: Yes
  • General Property Info # Fireplaces: 4.0
  • Interior Balcony: Yes
  • Interior Dec Molding: Yes
  • Interior French Doors: Yes
  • Interior Recessed Lighting: Yes
  • Exterior Porch - Open: Yes
  • Interior Den: Yes
  • Included BlindsShades: Yes
  • Included Light Fixtures: Yes
  • Included Stove Hood: Yes
  • Included Ceiling Fan(s): Yes
  • Included Outdoor Lighting: Yes
  • Included Window Treatments: Yes
  • Foyer Floor - Wood: Yes
  • Dining Room Dec Molding4: Yes
  • Kitchen GraniteStone Counter: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • Lot Description Oversized3: Yes
  • Foyer Fireplace - Woodburning: Yes
  • Living Room Dec Molding3: Yes
  • Kitchen BnookDining Area: Yes
  • Kitchen Eat-In: Yes
  • Kitchen Dec Molding5: Yes
  • Basement Heated: Yes
  • Garage Oversized: Yes
  • Style Shore Colonial: Yes
  • Kitchen Floor - Wood4: Yes
  • Included Gas Grill: Yes
  • Exterior BBQ: Yes
  • Interior Loft: Yes
  • Interior Laundry Tub: Yes
  • Living Room BayBow Window2: Yes
  • Interior Bonus Room: Yes
  • Included Awnings: Yes
  • Garage Storage Above: Yes
  • Exterior Rec Area: Yes
  • GreatFamily Room Dec Molding6: Yes
  • Lot Description Wooded: Yes
  • Foyer Dec Molding2: Yes
  • Dining Room Built-Ins3: Yes
  • Dining Room French Doors3: Yes
  • Interior Lead Glass Window: Yes
  • Exterior Basketball Court2: Yes
  • Dining Room Fireplace - Woodburning3: Yes
  • Heating 3 Zoned Heat: Yes
  • Cooling 4 Zone AC: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Full, Heated, Unfinished, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Full Basement: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Basement:Unfinished: Yes
  • Basement:Walk-Out Access: Yes
  • Kitchen Pantry: Yes
  • Appliances Included:Wall Oven: Yes
  • Features Interior:Wet Bar: Yes
  • Features-Interior:Elevator: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bath:Tub: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bath Double Sinks: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.52
  • Topography: Level
  • Waterfront: No
  • Exterior Features: Balcony, Basketball Court, BBQ, Fence, Patio, Porch - Open, Rec Area, Swimming, Terrace, Porch - Covered, Lighting
  • Exterior Features:Pool-In Ground: Yes
  • Features Exterior:Porch Covered: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Asphalt, Driveway, Off Street, On Street, Oversized, Storage
  • 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, 4 Zone AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, Hot Water, Baseboard, 3+ Zoned Heat
  • 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 Dimensions: 150 x 150
  • Lot Size Sq Ft: 22651.2
  • Parcel #: 47-00085-0000-00007
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 18652.0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2022
Closed on
Aug 4, 2022
Sold by
Shea David K
Bought by
Bartoli Jeffrey and Bartoli Melissa
Seller's Agent
Michael Skea
Ward Wight Sotheby's International Realty
Buyer's Agent
Elizabeth Hewson-judge
Ward Wight Sotheby's International Realty
List Price
$5,600,000
Sold Price
$5,625,000
Premium/Discount to List
$25,000
0.45%
Current Estimated Value
$6,752,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,127,282
Avg. Annual Appreciation
5.62%
Original Mortgage
$3,625,000
Outstanding Balance
$3,415,646
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$3,336,636
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bartoli Jeffrey $5,625,000 Fidelity National Title
Bartoli Jeffrey $5,625,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bartoli Jeffrey $3,625,000
Closed Bartoli Jeffrey $3,625,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2022 08/05/22 Sold $5,625,000 +0.4% $1,192 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/09/2022 06/09/22 For Sale $5,600,000 -- $1,186 / 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 $28,406 $5,682,900 $3,183,800 $2,499,100
2024 $28,295 $5,808,900 $3,083,800 $2,725,100
2023 $28,295 $5,625,300 $2,963,400 $2,661,900
2022 $18,652 $3,646,300 $2,719,000 $927,300
2021 $18,652 $3,108,600 $2,268,000 $840,600
2020 $18,464 $2,987,700 $2,179,000 $808,700
2019 $18,181 $2,885,900 $2,100,000 $785,900
2018 $18,009 $2,867,600 $2,100,000 $767,600
2017 $17,695 $2,826,700 $2,100,000 $726,700
2016 $16,876 $2,470,800 $1,742,600 $728,200
2015 $16,892 $2,420,000 $1,691,800 $728,200
2014 $16,081 $2,344,200 $1,616,000 $728,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22217365

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00085-0000-00007