NOT LISTED FOR SALE

407 Mercer Ave Spring Lake, NJ 07762

Estimated Value: $3,196,702 - $3,873,000

6 Beds
2.5 Baths
3,078 Sq Ft
$1,166/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $3,400,000 $1,105 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $20,124/month

45 Days on Market

Highlights

  • Outdoor Pool
  • No HOA
  • Oversized Lot
  • Deck
  • Covered Patio or Porch
  • 3-minute walk to Divine Park

About This Home

As of November 2023

A porch, a pool, an oversized lot--consider the possibilities as you create your new Spring Lake home. First time on the market in over seventy years. Suitable for new construction or subdivision. Just four blocks from the beach, with 100 foot frontage on conforming lot. Ideally situated within walking distance of all that Spring Lake has to offer. Stroll across iconic footbridges into town, linger along the lake's edge, or head directly to the oceanfront boardwalk--convenient to everything this legendary community has to offer. Builders, investors, and homeowners alike all welcome.

Last Agent to Sell the Property

Gail O'Reilly

Heritage House Sotheby's International Realty Brokerage Phone: 732-859-2929 License #1431355 Listed on: 09/15/2023

Last Buyer's Agent

NON MEMBER

VRI Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,577

Year Built

  • Built in 1900

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100 x 150
  • Oversized Lot
  • Historic Home

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof

Interior Spaces

  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Outdoor Features

  • Outdoor Pool
  • Deck
  • Covered Patio or Porch

Schools

  • H. W. Mountz Elementary And Middle School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 47-00050-0000-00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,577

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Attribution Contact: 732-859-2929
  • ResoLotFeatures: Oversized
  • Subdivision Name: None
  • Architectural Style: Historic
  • Year Built: 1900
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: Yes
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.34
  • General Property Info Lot Dimensions: 100 x 150
  • Location Middle School: H. W. Mountz
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • ExteriorDeck: Yes
  • Lot Description Oversized3: Yes
  • Style Historic: Yes
  • Special Features: None

Interior Features

  • Basement: Bilco Style Doors, Unfinished
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Stories: 3
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.34
  • Topography: Level
  • Waterfront: No
  • Exterior Features: Deck, Porch - Covered
  • Features Exterior:Porch Covered: Yes

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Dimensions: 100 x 150
  • Lot Size Sq Ft: 14810.4
  • Parcel #: 47-00050-0000-00004
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 12577.0

MLS Schools

  • Elementary School: H. W. Mountz

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2024
Sold by
Mercer Ave Project Llc
Bought by
Mckenna James T and Mckenna Christina M
Current Estimated Value
$3,587,567

Purchase Details

Closed on
May 14, 2024
Sold by
Mercer Ave Project Llc
Bought by
Black Peter E and Black Maura A

Purchase Details

Closed on
Apr 3, 2024
Sold by
Mercer Ave Project Llc
Bought by
Mercer Ave Project Llc

Purchase Details

Listed on
Sep 15, 2023
Closed on
Nov 13, 2023
Sold by
Leyh Patricia Ann and Leyh Richard E
Bought by
Mercer Ave Project Llc
Seller's Agent
Gail O'Reilly
Heritage House Sotheby's International Realty
Buyer's Agent
NON MEMBER
VRI Homes
List Price
$3,200,000
Sold Price
$3,400,000
Premium/Discount to List
$200,000
6.25%
Views
143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.85%
Original Mortgage
$1,150,000
Interest Rate
7.57%
Mortgage Type
Seller Take Back
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 Buyer Sale Price Title Company
Mckenna James T $2,000,000 None Listed On Document
Black Peter E $2,200,000 Fidelity National Title
Mercer Ave Project Llc -- Trident Abstract Title
Mercer Ave Project Llc $3,400,000 Fit Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mercer Ave Project Llc $1,150,000
Previous Owner Mercer Ave Project Llc $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2023 11/15/23 Sold $3,400,000 +6.3% $1,105 / Sq Ft
10/31/2023 10/31/23 Pending -- -- --
09/15/2023 09/15/23 For Sale $3,200,000 -- $1,040 / 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 $13,231 $1,855,000 $1,855,000 --
2024 $13,231 $2,767,800 $2,202,500 $565,300
2023 $13,231 $2,630,400 $2,078,300 $552,100
2022 $12,237 $2,432,700 $1,907,000 $525,700
2021 $12,237 $2,039,500 $1,564,000 $475,500
2020 $12,051 $1,950,000 $1,493,000 $457,000
2019 $11,931 $1,893,800 $1,450,000 $443,800
2018 $11,827 $1,883,200 $1,450,000 $433,200
2017 $11,327 $1,809,500 $1,400,000 $409,500
2016 $11,661 $1,707,300 $1,095,800 $611,500
2015 $11,765 $1,685,600 $1,074,100 $611,500
2014 $11,379 $1,658,700 $1,047,200 $611,500
Source: Public Records

Agents Affiliated with this Home

  • Gail O'Reilly

    Seller's Agent in 2023

    Gail O'Reilly

    Heritage House Sotheby's International Realty

    (732) 859-2929

    1 in this area

    21 Total Sales

    Gail O'Reilly
    Section Image

  • N

    Buyer's Agent in 2023

    NON MEMBER

    VRI Homes

  • N

    Buyer's Agent in 2023

    NON MEMBER MORR

    NON MEMBER

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22325894

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00050-0000-00004

New Jersey Monmouth County Spring Lake 07762

407 Mercer Ave, Spring Lake, NJ

This home is located at 407 Mercer Ave, Spring Lake, NJ 07762 since 15 September 2023 and is currently estimated at $3,587,567, approximately $1,165 per square foot. This property was built in 1900. 407 Mercer Ave is a home located in Monmouth County with nearby schools including St. Catharine School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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