401 Mercer Ave Unit 403 Spring Lake, NJ 07762
Estimated Value: $4,609,000 - $5,925,250
9
Beds
6.5
Baths
5,600
Sq Ft
$966/Sq Ft
Est. Value
Highlights
- Lake Front
- Heated In Ground Pool
- Custom Home
- New Construction
- Lake On Lot
- 2-minute walk to Divine Park
About This Home
As of April 2020An award winning NJ Builder with 100's of satisfied clients, presents its first Spring Lake masterpiece. The location is steps to downtown, the park, lake and train station. For this sized home (almost 4400sf on 3 floors and a finished basement of 1400sf) you would expect to pay more to be able to walk to the beach. And this level of build-quality only comes from generations of successful experience. There are many luxurious, practical and convenient amenities (see attached Feature List) in a casually elegant setting. More than enough living space for family and friends, with a 1st floor suite (usable as a den), 4 bedrooms on the 2nd & 3rd floors, and 2 more with. egress windows on the lower level. The private yard, with pool & outdoor kitchen completes the perfect lifestyle.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Fox & Roach - Neptune City License #9591954 Listed on: 01/09/2020
Last Buyer's Agent
Berkshire Hathaway HomeServices Fox & Roach - Spring Lake License #1644256
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,414
Year Built
- Built in 2019 | New Construction
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 100 x 100
- Lake Front
- Corner Lot
- Sprinkler System
Parking
- 1 Car Detached Garage
- Parking Storage or Cabinetry
- Driveway with Pavers
- Paver Block
Home Design
- Custom Home
- Shore Colonial Architecture
- Shingle Roof
- Asphalt Rolled Roof
Interior Spaces
- 5,600 Sq Ft Home
- 2-Story Property
- Central Vacuum
- Curved or Spiral Staircase
- Crown Molding
- Beamed Ceilings
- Tray Ceiling
- Ceiling height of 9 feet on the main level
- Recessed Lighting
- Light Fixtures
- Gas Fireplace
- Thermal Windows
- ENERGY STAR Qualified Windows
- French Doors
- Sliding Doors
- Mud Room
- Entrance Foyer
- Living Room
- Dining Room
- Den
- Recreation Room
- Bonus Room
- Home Gym
- Center Hall
Kitchen
- New Kitchen
- Eat-In Kitchen
- Gas Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Granite Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- Primary bedroom located on second floor
- Walk-In Closet
- Primary Bathroom is a Full Bathroom
- In-Law or Guest Suite
- Marble Bathroom Countertops
- Dual Vanity Sinks in Primary Bathroom
- Primary Bathroom Bathtub Only
- Primary Bathroom includes a Walk-In Shower
Laundry
- Dryer
- Washer
Finished Basement
- Heated Basement
- Basement Fills Entire Space Under The House
- Recreation or Family Area in Basement
Pool
- Heated In Ground Pool
- Gunite Pool
- Outdoor Pool
- Saltwater Pool
- Outdoor Shower
Outdoor Features
- Lake On Lot
- Covered patio or porch
- 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
- Programmable Thermostat
- Natural Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 47-00050-0000-00001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 9, 2020
Closed on
May 18, 2020
Sold by
Crown Homes Of Monmouth County Llc
Bought by
Marshalleck Ivan and Jones Margaret
Seller's Agent
Brian Church
Berkshire Hathaway HomeServices Fox & Roach - Neptune City
Buyer's Agent
Edward James Szumski
Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
List Price
$3,574,000
Sold Price
$3,390,000
Premium/Discount to List
-$184,000
-5.15%
Total Days on Market
44
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,018,813
Avg. Annual Appreciation
9.46%
Purchase Details
Listed on
Sep 28, 2017
Closed on
Jan 30, 2018
Sold by
Gutschmit David D
Bought by
Crown Homes Of Monmouth County Llc
Seller's Agent
George D'Amico
D'Amico & McConnell Realtors
Buyer's Agent
Brian Flynn
Ward Wight Sotheby's International Realty
Sold Price
$1,600,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.46%
Original Mortgage
$1,000,000
Interest Rate
3.95%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 19, 2011
Closed on
Feb 2, 2012
Sold by
Ferrara Anthony S and Erianne Therese L
Bought by
Gutschmit Paula
Seller's Agent
Ann Gardella
The MacGowan Agency, Inc.
Buyer's Agent
Elizabeth Hewson-judge
Ward Wight Sotheby's International Realty
Sold Price
$1,438,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.80%
Similar Home in Spring Lake, NJ
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Marshalleck Ivan | $3,390,000 | Signature Setmnt Svcs Agcy L | |
| Crown Homes Of Monmouth County Llc | $1,600,000 | Fidelity National Title | |
| Gutschmit Paula | $1,438,000 | Fidelity Natl Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Marshalleck Ivan | $1,695,000 | |
| Previous Owner | Crown Homes Of Monmouth County Llc | $975,000 | |
| Previous Owner | Crown Homes Of Monmouth County Llc | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2020 04/17/20 | Sold | $3,390,000 | -4.5% | $605 / Sq Ft |
| 02/28/2020 02/28/20 | Pending | -- | -- | -- |
| 02/05/2020 02/05/20 | Price Changed | $3,549,000 | -0.7% | $634 / Sq Ft |
| 01/15/2020 01/15/20 | For Sale | $3,574,000 | +123.4% | $638 / Sq Ft |
| 02/01/2018 02/01/18 | Sold | $1,600,000 | +11.3% | $468 / Sq Ft |
| 02/02/2012 02/02/12 | Sold | $1,438,000 | -- | $420 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History Compared to Growth
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 | $21,149 | $4,367,700 | $1,850,100 | $2,517,600 |
| 2023 | $21,149 | $4,204,600 | $1,745,800 | $2,458,800 |
| 2022 | $20,588 | $3,943,100 | $1,601,900 | $2,341,200 |
| 2021 | $20,588 | $3,431,400 | $1,313,800 | $2,117,600 |
| 2020 | $7,750 | $1,254,100 | $1,254,100 | $0 |
| 2019 | $7,673 | $1,218,000 | $1,218,000 | $0 |
| 2018 | $9,414 | $1,499,100 | $1,218,000 | $281,100 |
| 2017 | $9,025 | $1,441,700 | $1,176,000 | $265,700 |
| 2016 | $9,666 | $1,415,200 | $946,300 | $468,900 |
| 2015 | $9,727 | $1,393,500 | $924,600 | $468,900 |
| 2014 | $9,375 | $1,366,600 | $897,700 | $468,900 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Church
Seller's Agent in 2020
Brian Church
Berkshire Hathaway HomeServices Fox & Roach - Neptune City
(732) 272-4072
8 in this area
155 Total Sales
-
Edward James Szumski
Buyer's Agent in 2020
Edward James Szumski
BHHS Fox & Roach
(732) 859-3751
5 in this area
180 Total Sales
-
George D'Amico
Seller's Agent in 2018
George D'Amico
D'Amico & McConnell Realtors
(732) 610-1203
7 in this area
22 Total Sales
-
B
Buyer's Agent in 2018
Brian Flynn
Ward Wight Sotheby's International Realty
-
A
Seller's Agent in 2012
Ann Gardella
The MacGowan Agency, Inc.
-
Elizabeth Hewson-judge
Buyer's Agent in 2012
Elizabeth Hewson-judge
Ward Wight Sotheby's International Realty
(732) 859-3018
9 in this area
19 Total Sales
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22001165
APN: 47-00050-0000-00001
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Information is deemed reliable but not guaranteed.
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