NOT LISTED FOR SALE

420 Ludlow Ave Spring Lake, NJ 07762

Estimated Value: $4,004,262 - $5,499,000

7 Beds
6.5 Baths
4,780 Sq Ft
$988/Sq Ft Est. Value

Last Sold July 20, 2023

Last sale price $4,367,000 $914 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $28,462/month

31 Days on Market

Highlights

  • New Construction
  • Custom Home
  • Deck
  • Heated In Ground Pool
  • Fireplace in Primary Bedroom
  • Wood Flooring

About This Home

As of July 2023

Welcome to this prestigious NEW CONSTRUCTION Custom Built Home in the heart of Spring Lake!Home offers 4-levels of inside living that feature 7 Bedrooms & 6.5 Baths w/ a 4 Stop Elevator. As you enter the home, you are greeted by a bright & spacious first floor that features 9''ft high ceilings,family room,luxurious kitchen & dining-room w/high end appliances, office & more.Home has 3 gas fireplaces w/ an in-law suite,an immaculate finished basement.In addition,an outdoor kitchen,cabana,inground heated pool to have an amazing, fun & memorable gathering w/ friends & family.Within walking distance to many restaurants,Spring Lake & Belmar Beach,Golf Course,Train Station,Spring Lake Public School and much more. A once in a lifetime opportunity for you to be part of this spectacular community.

Last Agent to Sell the Property

Brian Martinez

Premier Homes Pros License #2220025 Listed on: 06/09/2023

Co-Listed By

George Castro

Premier Homes Pros License #2182632

Last Buyer's Agent

Megan Schnurr

Ocean Pointe

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,260

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 7,405 Sq Ft Lot
  • Sprinkler System

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Custom Home
  • Shingle Roof

Interior Spaces

  • 4,780 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Wet Bar
  • Built-In Features
  • Crown Molding
  • Beamed Ceilings
  • Ceiling height of 9 feet on the main level
  • Light Fixtures
  • 3 Fireplaces
  • Gas Fireplace
  • French Doors
  • Sliding Doors
  • Mud Room
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Home Office
  • Bonus Room
  • Utility Room
  • Wood Flooring
  • Storm Windows
  • Attic

Kitchen

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

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary bedroom located on second floor
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom Bathtub Only
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Laundry Tub

Finished Basement

  • Heated Basement
  • Utility Basement
  • Fireplace in Basement
  • Laundry in Basement

Pool

  • Heated In Ground Pool
  • Outdoor Pool
  • Saltwater Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Covered patio or porch
  • Exterior Lighting
  • Gazebo
  • Outdoor Storage
  • Outdoor Grill

Schools

  • H. W. Mountz Elementary And Middle School
  • Manasquan High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Tankless Water Heater

Additional Features

  • Handicap Accessible
  • Property is near a golf course

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,260

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Near Golf Course
  • ResoPoolFeatures: Heated, In Ground, Salt Water
  • Co List Office Mls Id: 2169
  • Co List Office Phone: 908-245-6767
  • Inclusions: Outdoor Lighting, Dishwasher, Light Fixtures, Microwave, Stove, Refrigerator
  • Subdivision Name: None
  • Architectural Style: Custom, Detached
  • Reso Flooring: Wood
  • Reso Interior Features: Attic, Bonus Room, Built-Ins, Ceilings - 9Ft+ 1st Flr, Ceilings - Beamed, Dec Molding, Den, Elevator, French Doors, In-Law Suite, Laundry Tub, Sliding Door, Wet Bar, Breakfast Bar, Eat-in Kitchen
  • New Construction: Yes
  • Year Built: 2023
  • Contract Info New Construction: Yes
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: Yes
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • Exterior Swimming: Yes
  • Pool Heated3: Yes
  • General Property Info Acreage: 0.17
  • General Property Info Farm: No
  • Location Middle School: H. W. Mountz
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • Exterior Storage: Yes
  • Roof Shingled: Yes
  • Rooms Laundry: Yes
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Exterior Lighting: Yes
  • Exterior Storm Window: Yes
  • General Property Info # Fireplaces: 3.0
  • Interior Attic: Yes
  • Interior Dec Molding: Yes
  • Interior French Doors: Yes
  • Interior Den: Yes
  • Included Light Fixtures: Yes
  • Exterior Sprinkler Under: Yes
  • Included Outdoor Lighting: Yes
  • Living Room Fireplace - Gas7: Yes
  • Rooms Garage4: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • ExteriorDeck: Yes
  • Kitchen Breakfast Cntr: Yes
  • Kitchen KitchenDine: Yes
  • Interior In-Law Suite: Yes
  • Basement Heated: Yes
  • Kitchen Floor - Wood4: Yes
  • ExteriorOutdoorShower: Yes
  • Kitchen Butler Pantry: Yes
  • Exterior BBQ: Yes
  • GreatFamily Room Fireplace - Gas4: Yes
  • Exterior Gazebo: Yes
  • Exterior Handicap Acc: Yes
  • Interior Laundry Tub: Yes
  • PoolSaltWater: Yes
  • Interior Bonus Room: Yes
  • Interior Ceilings - Beamed: Yes
  • Rooms Mud: Yes
  • Mud Level First11: Yes
  • Dining Room Built-Ins3: Yes
  • Laundry Level Basement20: Yes
  • Basement Fireplace - Gas8: Yes
  • Utility Room Level Basement5: Yes
  • Rooms In-Law-Suite: Yes
  • Lot Description Near Golf Course: Yes
  • GreatFamily Room Wet Bar2: Yes
  • Heating 3 Zoned Heat: Yes
  • Cooling 4 Zone AC: Yes
  • Special Features: NewHome

Interior Features

  • Basement: Ceilings - High, Finished, Heated
  • Basement: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Fireplaces: 3
  • Total Bedrooms: 20
  • Stories: 4
  • Basement Finished: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Family Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave: Yes
  • Appliances:Water Heater - Tankless: Yes
  • Other Rooms:Basement3: Yes
  • Other Rooms:Office2: Yes
  • Features Interior:Wet Bar: Yes
  • Features-Interior:Elevator: Yes
  • Primary Bedroom Level:Second43: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bath:Tub: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bath Double Sinks: Yes
  • Primary Bath Walk-in Closet2: Yes
  • Primary Bedroom Fireplace - Gas2: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Exterior Features: BBQ, Deck, Gazebo, Outdoor Shower, Sprinkler Under, Storage, Storm Window, Swimming, Porch - Covered, Lighting
  • Exterior Features:Pool-In Ground: Yes
  • Features Exterior:Porch Covered: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Driveway
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 4 Zone AC
  • Cooling Y N: Yes
  • Heating: 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Association: No

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: N/A
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7260.0

MLS Schools

  • Elementary School: H. W. Mountz
  • High School: Manasquan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2023
Closed on
Jul 19, 2023
Sold by
Allerton Fox Construction Services Llc
Bought by
Okere Arthur
Seller's Agent
Brian Martinez
Premier Homes Pros
Buyer's Agent
Megan Schnurr
Ocean Pointe
List Price
$3,995,000
Sold Price
$4,367,000
Premium/Discount to List
$372,000
9.31%
Views
317
Current Estimated Value
$5,036,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$669,426
Avg. Annual Appreciation
3.96%
Original Mortgage
$1,467,000
Interest Rate
6.96%

Purchase Details

Listed on
Mar 27, 2021
Closed on
Jun 10, 2021
Sold by
Kelly Mary E and Estate Of Catherine V Baker
Bought by
Allerton Fox Construction Services Llc
Seller's Agent
Linda Henderson
Coldwell Banker Realty
Buyer's Agent
Nancy Gagne'
Christie's Int'l RE Group
List Price
$1,299,000
Sold Price
$1,150,000
Premium/Discount to List
-$149,000
-11.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
88.21%
Original Mortgage
$1,870,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Okere Arthur $4,367,000 Fidelity National Title
Allerton Fox Construction Services Llc $1,150,000 Olde School Title Svcs Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Okere Arthur $1,000,000
Previous Owner Okere Arthur $1,467,000
Previous Owner Allerton Fox Construction Serv $1,456,000
Previous Owner Allerton Fox Construction Services Llc $1,870,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2023 07/20/23 Sold $4,367,000 0.0% $914 / Sq Ft
06/12/2023 06/12/23 Pending -- -- --
06/09/2023 06/09/23 Price Changed $4,367,000 +9.3% $914 / Sq Ft
05/12/2023 05/12/23 For Sale $3,995,000 +247.4% $836 / Sq Ft
06/11/2021 06/11/21 Sold $1,150,000 -11.5% $836 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
03/27/2021 03/27/21 For Sale $1,299,000 -- $944 / 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 $7,748 $3,871,300 $1,722,400 $2,148,900
2023 $7,748 $1,540,400 $1,447,600 $92,800
2022 $6,698 $1,404,300 $1,316,000 $88,300
2021 $6,698 $1,116,300 $1,036,400 $79,900
2020 $6,684 $1,081,600 $1,004,800 $76,800
2019 $6,694 $1,062,600 $988,000 $74,600
2018 $6,662 $1,060,800 $988,000 $72,800
2017 $6,616 $1,056,800 $988,000 $68,800
2016 $6,414 $939,100 $819,600 $119,500
2015 $6,411 $918,500 $799,000 $119,500
2014 $6,128 $893,300 $773,800 $119,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Brian Martinez

    Premier Homes Pros

    Section Image

  • G

    Seller Co-Listing Agent in 2023

    George Castro

    Premier Homes Pros

  • M

    Buyer's Agent in 2023

    Megan Schnurr

    Ocean Pointe

  • Linda Henderson

    Seller's Agent in 2021

    Linda Henderson

    Coldwell Banker Realty

    (732) 927-0378

    10 in this area

    46 Total Sales

    Section Image
  • Nancy Gagne'

    Buyer's Agent in 2021

    Nancy Gagne'

    Christie's Int'l RE Group

    (201) 401-6516

    3 in this area

    40 Total Sales

    Section Image

  • N

    Buyer's Agent in 2021

    Nancy Gagne

    Weichert Realtors-Ocean

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22312855

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00116-0000-00016

New Jersey Monmouth County Spring Lake 07762

420 Ludlow Ave, Spring Lake, NJ

This home is located at 420 Ludlow Ave, Spring Lake, NJ 07762 since 09 June 2023 and is currently estimated at $4,723,566, approximately $988 per square foot. This property was built in 2023. 420 Ludlow Ave is a home located in Monmouth County with nearby schools including St. Catharine School and St Rose High 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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