NOT LISTED FOR SALE

408 Passaic Ave Spring Lake, NJ 07762

Estimated Value: $4,294,000 - $4,752,000

5 Beds
4.5 Baths
4,500 Sq Ft
$1,001/Sq Ft Est. Value

Last Sold September 14, 2020

Last sale price $2,632,500 $585 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $24,791/month

80 Days on Market

Highlights

  • Lake Front
  • Custom Home
  • Wood Flooring
  • Lake On Lot
  • New Kitchen
  • Marble Countertops

About This Home

As of September 2020

Overlooking Spring Lake and within walking distance to the quaint downtown, centrally located between the North and South End Beach Pavilions and only blocks away from the beach; this 4,500sf 5 bedroom 4.5 bathroom home will provide a lifetime of memories for your family & friends. The elevated front porch has magnificent views of Spring Lake and it's park-like setting with tennis and playgrounds for the children. This home is loaded with upgrades and custom craftsmanship throughout with a gourmet style kitchen and living area perfect for entertaining. On the 2nd floor you will find a Master bedroom and four additional spacious bedrooms. The fully finished basement has a home theatre and gym as well as a separate entrance to the backyard.

Last Agent to Sell the Property

Keefe Pirog

Curran Group Real Estate Services License #1004283 Listed on: 05/04/2020

Co-Listed By

Ryan Curran

Curran Group Real Estate Services License #0901546

Last Buyer's Agent

Lauren Gill

The Mary Holder Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,431

Year Built

  • Built in 1988

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Lake Front
  • Fenced

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Custom Home
  • Shingle Roof
  • Asphalt Rolled Roof
  • Cedar Siding
  • Cedar

Interior Spaces

  • 4,500 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Ceiling height of 9 feet on the main level
  • Gas Fireplace
  • Water Views
  • Basement Fills Entire Space Under The House

Kitchen

  • New Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Butlers Pantry
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Marble Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Lake On Lot
  • Patio
  • Porch

Schools

  • H. W. Mountz Elementary And Middle School
  • Christian Bros High 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

  • Exclusions: Dining Chandelier Light Fixtures Living,Great Mudroom,4SconcesWinTreatments; MasterFan kitchpendant
  • Assessor Parcel Number 47-00070-0000-00022-02

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,431

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Co List Office Mls Id: 3545
  • Co List Office Phone: 732-359-3203
  • Inclusions: Washer, Dishwasher, Dryer, Microwave, Stove, Refrigerator, Garage Door Opener
  • Subdivision Name: None
  • Architectural Style: Custom, Detached
  • Reso Flooring: Wood
  • Reso Interior Features: Ceilings - 9Ft+ 1st Flr, Dec Molding, Breakfast Bar
  • Year Built: 1988
  • General Property Info Waterview: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • ExteriorPatio: Yes
  • General Property Info Acreage: 0.17
  • General Property Info Lot Dimensions: 50 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
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info # Fireplaces: 1.0
  • Interior Dec Molding: Yes
  • Exterior Porch - Open: Yes
  • Living Room Fireplace - Gas7: Yes
  • Dining Room Dec Molding4: Yes
  • Roof Timberline: Yes
  • Kitchen Breakfast Cntr: Yes
  • Living Room Dec Molding3: Yes
  • Kitchen Eat-In: Yes
  • Kitchen Dec Molding5: Yes
  • Kitchen Floor - Wood4: Yes
  • Kitchen Butler Pantry: Yes
  • Siding Cedar: Yes
  • Living Room Built-Ins2: Yes
  • GreatFamily Room Dec Molding6: Yes
  • Kitchen Marble4: Yes
  • Water Type Lake: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Ceilings - High, Full Finished
  • Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Stories: 2
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bath Double Sinks: Yes
  • Primary Bath Whirlpool: Yes

Exterior Features

  • Roof: Timberline, Shingle
  • Acres: 0.17
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exclusions: Dining Chandelier Light Fixtures Living,Great Mudroom,4SconcesWinTreatments; MasterFan kitchpendant
  • Construction Type: Cedar
  • Exterior Features: Fence, Patio, Porch - Open

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Driveway
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • _pound_ AppliancesIncluded:Garage Door Opener: Yes
  • Parking Features:Garage Detached: 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: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • Parcel #: 47-00070-0000-00022-02

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 14431.0

MLS Schools

  • Elementary School: H. W. Mountz
  • High School: Christian Bros

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2020
Closed on
Oct 2, 2020
Sold by
Dora Stephen J and Dora Jenine
Bought by
408 Passaic Sl Llc
Seller's Agent
Keefe Pirog
Curran Group Real Estate Services
Buyer's Agent
Lauren Gill
The Mary Holder Agency
List Price
$2,899,999
Sold Price
$2,632,500
Premium/Discount to List
-$267,499
-9.22%
Current Estimated Value
$4,275,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,643,098
Avg. Annual Appreciation
9.48%
Original Mortgage
$2,106,000
Outstanding Balance
$1,890,029
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$2,212,536

Purchase Details

Listed on
May 4, 2020
Closed on
Sep 14, 2020
Sold by
Dora Stephen J and Dora Jenine
Bought by
408 Passaic Sl Llc
Seller's Agent
Keefe Pirog
Curran Group Real Estate Services
Buyer's Agent
Lauren Gill
The Mary Holder Agency
List Price
$2,899,999
Sold Price
$2,632,500
Premium/Discount to List
-$267,499
-9.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,106,000
Outstanding Balance
$1,890,029
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$2,212,536
Source: Public Records

Range of Values:

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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
408 Passaic Sl Llc $2,632,500 Surety Title
408 Passaic Sl Llc $2,632,500 Surety Title Agency Coastal
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 408 Passaic Sl Llc $386,696
Open 408 Passaic Sl Llc $2,106,000
Closed 408 Passaic Sl Llc $2,106,000
Previous Owner Dora Stephen J $1,099,000
Previous Owner Dora Stephen J $850,000
Previous Owner Dora Stephen J $880,000
Previous Owner Dora Stephen J $250,000
Previous Owner Dora Stephen J $999,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2020 09/14/20 Sold $2,632,500 -2.5% $585 / Sq Ft
07/24/2020 07/24/20 Pending -- -- --
06/15/2020 06/15/20 Price Changed $2,699,999 -3.6% $600 / Sq Ft
05/29/2020 05/29/20 Price Changed $2,799,999 -3.4% $622 / Sq Ft
05/04/2020 05/04/20 For Sale $2,899,999 -- $644 / 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
2024 $16,585 $3,474,800 $2,225,000 $1,249,800
2023 $16,585 $3,297,300 $2,076,700 $1,220,600
2022 $15,787 $3,085,400 $1,923,200 $1,162,200
2021 $15,787 $2,631,200 $1,580,000 $1,051,200
2020 $14,483 $2,343,600 $1,545,000 $798,600
2019 $14,431 $2,290,600 $1,515,000 $775,600
2018 $14,269 $2,272,100 $1,515,000 $757,100
2017 $13,869 $2,215,500 $1,500,000 $715,500
2016 $14,330 $2,098,100 $1,272,200 $825,900
2015 $14,531 $2,081,800 $1,255,900 $825,900
2014 $14,281 $2,081,800 $1,255,900 $825,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22014012

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00070-0000-00022-02