$1,850,000
SOLD OCT 12, 2022 RENTED AUG 1, 2025

405 Ludlow Ave Spring Lake, NJ 07762

5 Beds
2.5 Baths
1,888 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$980 Per Sq Ft

26% Below List Price

169 Days on Market

Highlights

  • Dutch Colonial Architecture
  • 1 Fireplace
  • No HOA
  • Wood Flooring
  • Sun or Florida Room
  • 2 Car Detached Garage

About This Home

As of October 2022

Lovely Dutch Colonial Home. First level features a traditional covered front porch, a full width living room with a lovely masonry fireplace, a large dining room which is open to the living room and provides plenty of space for entertaining, a spacious kitchen, an expansive sunroom, office/fifth bedroom and a full bath. The second level has four large and bright bedroom one full bath and a Jack and Jill half bath. Other features include hardwood floors throughout, a full basement, central air conditioning, a large rear yard and a detached garage. Cosmetic updating will provide the perfect vacation beach house or full time residence. Also, property size provides the opportunity to build a large new home. Perfectly located and just four blocks to Spring Lake's pristine beaches & boardwalk.

Last Agent to Sell the Property

Sharon Clark

D'Amico & McConnell Realtors License #0569625 Listed on: 03/24/2022

Last Buyer's Agent

Deborah Brkal

Ocean Pointe

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,269

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Dutch Colonial Architecture
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Patio

Schools

  • H. W. Mountz Elementary And Middle School

Utilities

  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4700113000000003

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,269

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inclusions: Stove, Refrigerator
  • Subdivision Name: None
  • Architectural Style: Dutch Colonial, Detached
  • Reso Flooring: Linoleum, Wood
  • Reso Interior Features: Built-Ins, Dec Molding
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: See Survey
  • Location Middle School: H. W. Mountz
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • General Property Info # Fireplaces: 1.0
  • Interior Dec Molding: Yes
  • Floors Linoleum: Yes
  • Style Dutch Colonial: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Total Bedrooms: 9
  • Stories: 2
  • Full Basement: Yes
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Refrigerator: Yes
  • Other Rooms:Sunroom: Yes

Exterior Features

  • Roof: Shingle
  • Topography: Level
  • Waterfront: No
  • Exterior Features: Patio

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Dimensions: See Survey
  • Parcel #: 4700113000000003
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8269.0

MLS Schools

  • Elementary School: H. W. Mountz

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
Oct 11, 2022
Sold by
Mogin Patricia A
Bought by
Francis Michael
Seller's Agent
Sharon Clark
D'Amico & McConnell Realtors
Buyer's Agent
Deborah Brkal
Ocean Pointe
List Price
$2,499,000
Sold Price
$1,850,000
Premium/Discount to List
-$649,000
-25.97%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.02%
Original Mortgage
$1,850,000
Outstanding Balance
$1,782,171
Interest Rate
6.02%
Mortgage Type
Balloon
Estimated Equity
$1,852,044
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $1,850,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $192,000 New Conventional
Open $1,850,000 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Rented $57,500 0.0% --
06/17/2025 06/17/25 Pending -- -- --
05/29/2025 05/29/25 For Sale $4,350,000 0.0% $1,673 / Sq Ft
03/25/2025 03/25/25 Under Contract -- -- --
10/14/2024 10/14/24 Price Changed $10,500 -8.7% $4 / Sq Ft
09/15/2024 09/15/24 For Rent $11,500 -32.4% --
08/03/2024 08/03/24 Rented $17,000 +100.0% --
06/08/2024 06/08/24 For Rent $8,500 0.0% --
10/12/2022 10/12/22 Sold $1,850,000 -15.9% $980 / Sq Ft
09/09/2022 09/09/22 Pending -- -- --
05/15/2022 05/15/22 Price Changed $2,199,000 -12.0% $1,165 / Sq Ft
03/24/2022 03/24/22 For Sale $2,499,000 -- $1,324 / 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 $10,196 $2,154,800 $1,865,000 $289,800
2024 $9,293 $2,085,000 $1,740,000 $345,000
2023 $9,293 $1,847,500 $1,465,200 $382,300
2022 $8,269 $1,696,000 $1,332,000 $364,000
2021 $8,269 $1,378,200 $1,049,000 $329,200
2020 $8,240 $1,333,400 $1,017,000 $316,400
2019 $8,236 $1,307,300 $1,000,000 $307,300
2018 $8,164 $1,300,000 $1,000,000 $300,000
2017 $8,035 $1,283,500 $1,000,000 $283,500
2016 $7,165 $1,049,100 $828,600 $220,500
2015 $7,179 $1,028,500 $808,000 $220,500
2014 $6,880 $1,002,900 $782,400 $220,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22202008

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00113-0000-00003