NOT LISTED FOR SALE

402 Salem Ave Spring Lake, NJ 07762

Estimated Value: $1,905,000 - $2,269,000

3 Beds
2 Baths
1,630 Sq Ft
$1,254/Sq Ft Est. Value

Sale Details

Date Sold: February 11, 2025

Last sale price $2,125,000 $1,304 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $11,600 / mo

About This Home

Discover the perfect blend of location and charm in this delightful split-level home, situated just four blocks from the stunning Spring Lake beaches and the iconic South End Pavilion. Nestled on an 50x150-foot lot, this property offers plenty of room for outdoor living, entertaining, or even future expansion.
As you step inside, you'll be greeted by gleaming hardwood floors that flow through the main living areas, adding timeless warmth and character. The spacious eat-in kitchen, complete with solid wood cabinets, invites you to create culinary delights in a space that combines functionality and charm. With 3 bedrooms, 1.5 baths, and the convenience of a one-car garage, this home is an ideal setting for year-round living or a serene beachside escape. Located just moments from Spring Lake's vibrant downtown, you'll enjoy easy access to boutique shopping, acclaimed dining, and the charm of this sought-after community. Make your coastal living dreams a reality, schedule your private showing today!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2024
Closed on
Jan 17, 2025
Sold by
Bourke John J and Bourke John K
Bought by
Fiumefreddo Michael
Seller's Agent
David Kopic
RE/MAX Revolution
Buyer's Agent
Edward James Szumski
Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
List Price
$1,960,000
Sold Price
$2,125,000
Premium/Discount to List
$165,000
8.42%
Views
22
Current Estimated Value
$2,074,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,310
Avg. Annual Appreciation
-3.11%

Purchase Details

Closed on
Sep 16, 2008
Sold by
Bourke John J and Bourke Virginia
Bought by
Bourke John J

Purchase Details

Closed on
May 6, 2003
Sold by
Bourke Joohn
Bought by
Bourke John and Bourke Virginia

Purchase Details

Closed on
Jan 12, 1994
Sold by
Barbarossa Fred
Bought by
Bourke John and Bourke Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.11%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
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
Fiumefreddo Michael $2,125,000 Town Title
Fiumefreddo Michael $2,125,000 Town Title
Bourke John J -- None Available
Bourke John -- --
Bourke John $265,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bourke John $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/11/2025 02/11/25 Sold $2,125,000 +8.4% $1,304 / Sq Ft View Prior Sale
12/30/2024 12/30/24 Pending -- -- --
12/23/2024 12/23/24 For Sale $1,960,000 -- $1,202 / Sq Ft

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 $6,298 $1,390,300 $1,140,000 $250,300
2024 $6,195 $1,287,900 $1,055,000 $232,900
2023 $6,195 $1,231,600 $1,004,100 $227,500
2022 $5,200 $1,130,600 $914,000 $216,600
2021 $5,200 $953,900 $758,000 $195,900
2020 $5,706 $923,300 $735,000 $188,300
2019 $5,782 $917,800 $735,000 $182,800
2018 $5,737 $913,500 $735,000 $178,500
2017 $5,438 $868,700 $700,000 $168,700
2016 $6,603 $966,800 $828,600 $138,200
2015 $6,354 $946,200 $808,000 $138,200
2014 $6,065 $920,600 $782,400 $138,200
Source: Public Records

Agents Affiliated with this Home

  • David Kopic

    Seller's Agent in 2025

    David Kopic

    RE/MAX

    (732) 861-6868

    1 in this area

    28 Total Sales

    David Kopic
    Section Image
  • Edward James Szumski

    Buyer's Agent in 2025

    Edward James Szumski

    BHHS Fox & Roach

    (732) 859-3751

    6 in this area

    179 Total Sales

    Edward James Szumski
    Section Image
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Map

New Jersey Monmouth County Spring Lake 07762

402 Salem Ave, Spring Lake, NJ

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