$1,150,000
SOLD JUN 11, 2021

420 Ludlow Ave Spring Lake, NJ 07762

3 Beds
1 Bath
1,376 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$836 Per Sq Ft

11% Below List Price

44 Days on Market

Highlights

  • Deck
  • No HOA
  • 1 Car Detached Garage
  • 1 Fireplace
  • Cottage
  • Multiple cooling system units

About This Home

As of July 2023

Renovate or build new on this nicely elevated property featuring a sunny southern exposure. This 48' wide property is a pre-existing nonconforming lot. A variance is not required as long as all other bulk requirements are met.

Last Agent to Sell the Property

Linda Henderson

Coldwell Banker Realty License #0678176 Listed on: 03/27/2021

Coldwell Banker Realty

Last Buyer's Agent

Nancy Gagne'

Christie's Int'l RE Group License #1865233

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,694

Year Built

  • Built in 1925

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 48 x 150

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Cottage
  • Shingle Roof

Interior Spaces

  • 1,376 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck

Schools

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

Utilities

  • Multiple cooling system units
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: Personal Belongings
  • Assessor Parcel Number 47-00116-0000-00016

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,694

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subdivision Name: None
  • Architectural Style: Detached, Cottage/Bungalow
  • Year Built: 1925
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.17
  • General Property Info Lot Dimensions: 48 x 150
  • Location Middle School: H. W. Mountz
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info # Fireplaces: 1.0
  • ExteriorDeck: Yes
  • Cooling Multi Units: Yes
  • Style CottageBungalow: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Stories: 1
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Exclusions: Personal Belongings
  • Exterior Features: Deck

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: Multi Units
  • 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: 48 x 150
  • Lot Size Sq Ft: 7405.2
  • Parcel #: 47-00116-0000-00016
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 6694.0

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
$5,234,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$867,012
Avg. Annual Appreciation
8.79%
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
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 $4,367,000 Fidelity National Title
Deed $1,150,000 Olde School Title Svcs Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,000,000 Credit Line Revolving
Previous Owner $1,467,000 No Value Available
Previous Owner $1,456,000 New Conventional
Previous Owner $1,870,000 Purchase Money Mortgage
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
2025 $18,931 $4,269,500 $1,847,400 $2,422,100
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

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22107865

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00116-0000-00016