NOT LISTED FOR SALE

43 Locust Way Unit 1 Spring Lake, NJ 07762

Estimated Value: $707,775 - $747,000

2 Beds
1.5 Baths
1,298 Sq Ft
$559/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $585,000 $451 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,940/month

53 Days on Market

Highlights

  • Golf Course Community
  • Cabana
  • Clubhouse
  • Fitness Center
  • New Kitchen
  • Deck

About This Home

As of August 2022

LOVE THE OUTDOORS AND FUN ACTIVITIES? THIS BEAUTIFUL GATED COMMUNITY END UNIT IS LOCATED RIGHT IN THE MIDDLE OF ALL OF IT! GOLF COURSE VIEWS FROM EVERY WINDOW. THIS BEAUTY BOASTS 2 BEDROOMS, 1 1/2 BATHS, MULTIPLE WALK IN CLOSETS, NEWER HARDWOOD FLOORS, EXTRA WINDOWS DUE TO AN END UNIT, STAINLESS STEEL APPLIANCES, GRANITE COUNTERTOP, RECESSED LIGHTING THROUGHOUT, 2 DECKS: ONE OFF THE LIVING ROOM AND THE SECOND OFF THE MASTER BEDROOM. BOTH VIEW THE FIARWAY. WALKING DISTANCE TO THE POOL, TENNIS COURTS AND CLUBHOUSE. JUST A FEW BLOCKS FROM DOWNTOWN SPRING LAKE AND BEACHES. YOU WILL LOVE THIS FRIENDLY COMMUNIYT, NEVER A DULL MOMENT AT THE FAIRWAY MEWS. BUY NOW AND ENJOY THE SUMMER AT THE JERSEY SHORE! the fairway, newly painted deck and a quick ride to the beautiful beach. Spring Lake, Sea Girt, Belmar, Point Pleasant. Whatever your heart desires! Prestigious Spring Lake Heights, nowhere else you would rather live!!

Last Agent to Sell the Property

Carolyn Vallerini

Weichert Realtors-Pt.Pl.Beach License #1860824 Listed on: 05/29/2022

Weichert Realtors-Pt.Pl.Beach

Last Buyer's Agent

Melanie Siliato

Cove to Coast Realty License #1642998

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,250

Year Built

  • Built in 1978

Lot Details

  • 1,307 Sq Ft Lot
  • End Unit
  • Landscaped
  • Sprinkler System

HOA Fees

  • $365 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Visitor Parking
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Elevator
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Light Fixtures
  • Blinds
  • Sliding Doors
  • Living Room
  • Dining Room
  • Home Gym

Kitchen

  • New Kitchen
  • Gas Cooktop
  • Stove
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Primary Bathroom Bathtub Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Pool

  • Cabana
  • Concrete Pool
  • In Ground Pool
  • Pool Equipment Stays

Outdoor Features

  • Balcony
  • Deck
  • Covered patio or porch
  • Exterior Lighting

Location

  • Property is near a golf course

Schools

  • Spring Lake Heights Elementary And Middle School

Utilities

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

Listing and Financial Details

  • Exclusions: Personal Belongings
  • Assessor Parcel Number 48-00042-05-00023

Community Details

Overview

  • Front Yard Maintenance
  • Association fees include trash, common area, exterior maint, golf course, lawn maintenance, mgmt fees, pool, rec facility, sewer, snow removal
  • Fairway Mews Subdivision
  • On-Site Maintenance

Amenities

  • Common Area
  • Clubhouse
  • Recreation Room
  • Community Storage Space

Recreation

  • Golf Course Community
  • Tennis Courts
  • Bocce Ball Court
  • Fitness Center
  • Community Pool
  • Recreational Area
  • Snow Removal

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Controlled Access
  • Storm Doors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,250

Year Built

Built in 1978

Lot Details

0

HOA Fees

$365 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • ResoLotFeatures: Near Golf Course, Other
  • ResoPoolFeatures: See Remarks, Cabana, Common, Concrete, In Ground, Pool Equipment
  • ResoSecurityFeatures: Security Guard
  • Reso Association Amenities: Other - See Remarks, Tennis Court, Professional Management, Extra Storage, Controlled Access, Association, Exercise Room, Swimming, Pool, Golf Course, Clubhouse, Common Area, Landscaping, Bocci
  • Reso Association Fee Includes: Trash, Common Area, Exterior Maint, Golf Course, Lawn Maintenance, Mgmt Fees, Pool, Rec Facility, Sewer, Snow Removal
  • Inclusions: Outdoor Lighting, Washer, Window Treatments, Blinds/Shades, Ceiling Fan(s), Dishwasher, Dryer, Light Fixtures, Microwave, Stove, Garage Door Opener, Gas Cooking
  • Subdivision Name: Fairway Mews
  • Architectural Style: End Unit, Detached, Townhouse, 2 Story
  • Reso Interior Features: Balcony, Built-Ins, Elevator, Fitness, Sliding Door
  • Property Attached Yn: Yes
  • Year Built: 1978
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Style Attached2: Yes
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • ExteriorPatio: Yes
  • Common Elements Common Area: Yes
  • Common Elements Controlled Access2: Yes
  • Common Elements Exercise Room: Yes
  • Common Elements Extra Storage: Yes
  • Common Elements Pool4: Yes
  • Pool Common2: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Exterior Maint: Yes
  • Fee Includes Pool3: Yes
  • Fee Includes Rec Facility: Yes
  • General Property Info Acreage: 0.03
  • Location Middle School: Spring Lake Heights
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Kitchen Newer: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Laundry: Yes
  • Rooms Living Room: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Parking Asphalt: Yes
  • Interior Balcony: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Included BlindsShades: Yes
  • Included Light Fixtures: Yes
  • Exterior Sprinkler Under: Yes
  • Common Elements Clubhouse: Yes
  • Style Townhouse: Yes
  • Included Ceiling Fan(s): Yes
  • Included Outdoor Lighting: Yes
  • Included Window Treatments: Yes
  • Exterior Storm Door(s): Yes
  • Common Elements Landscaping: Yes
  • Foyer Floor - Wood: Yes
  • Kitchen GraniteStone Counter: Yes
  • ExteriorDeck: Yes
  • SidingBrick: Yes
  • Pool Pool Equipment: Yes
  • Kitchen Ceramic Tile3: Yes
  • Living Room Dec Molding3: Yes
  • Exterior Tennis Court(s): Yes
  • Common Elements Security Guard: Yes
  • Common Elements Tennis Court: Yes
  • Common Elements Bocci: Yes
  • Living Room Sliding Door2: Yes
  • Common Elements Golf Course: Yes
  • Fee Includes Golf Course3: Yes
  • Style End Unit: Yes
  • Exterior Rec Area: Yes
  • Parking Visitor: Yes
  • Pool Concrete2: Yes
  • Interior Fitness: Yes
  • Foyer Dec Molding2: Yes
  • Pool Cabana: Yes
  • Lot Description Near Golf Course: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Total Bedrooms: 8
  • Stories: 2
  • Basement:None2: Yes
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Features-Interior:Elevator: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.03
  • Waterfront: No
  • Exclusions: Personal Belongings
  • Construction Type: Brick
  • Exterior Features: Balcony, Deck, Patio, Rec Area, Sprinkler Under, Storm Door(s), Porch - Covered, Lighting, Tennis Court(s)
  • Exterior Features:Pool-In Ground: Yes
  • Features Exterior:Porch Covered: Yes
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Paved, Asphalt, Off Street, Visitor
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:Paved: 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 Fee: 365.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Fee Includes Lawn Maintenance: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes
  • Association Fee Includes:Trash: Yes
  • Association Fee Includes:Sewer: Yes

Schools

  • Middle Or Junior School: Spring Lake Heights

Lot Info

  • Lot Size Sq Ft: 1306.8
  • Parcel #: 48-00042-05-00023
  • Zoning Description: Residential, Single Family, Neighborhood

MLS Schools

  • Elementary School: Spring Lake Heights

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2025
Sold by
Manasquan Shore Properties Llc
Bought by
43 Locust Way Llc
Total Days on Market
53
Current Estimated Value
$725,694

Purchase Details

Listed on
May 29, 2022
Closed on
Aug 11, 2022
Sold by
Frankel Barry
Bought by
Manasquan Shore Properties Llc
Seller's Agent
Carolyn Vallerini
Weichert Realtors-Pt.Pl.Beach
Buyer's Agent
Melanie Siliato
Cove to Coast Realty
List Price
$610,000
Sold Price
$585,000
Premium/Discount to List
-$25,000
-4.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%

Purchase Details

Closed on
Aug 4, 2009
Sold by
Foley Michael and Foley Amanda G
Bought by
Frankel Barry and Coakley Ursula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
5.36%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 26, 2009
Sold by
Foley Michael
Bought by
Foley Michael and Foley Amanda G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 1, 2007
Sold by
Foley Jane
Bought by
Foley Michael

Purchase Details

Closed on
Mar 29, 2007
Sold by
Exrx Jane Foley As
Bought by
Foley Jane
Source: Public Records

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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
43 Locust Way Llc -- American Land Title
43 Locust Way Llc -- American Land Title
Manasquan Shore Properties Llc $585,000 Sterling Title
Frankel Barry $355,000 Trident Abstract Title Agenc
Foley Michael -- Foundation Title Llc
Foley Michael -- Multiple
Foley Jane -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coakley Ursula $229,000
Previous Owner Frankel Barry $266,000
Previous Owner Foley Michael $130,000
Previous Owner Foley Michael $159,000
Previous Owner Foley Michael $100,000
Previous Owner Foley Michael $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $585,000 -4.1% $451 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
05/29/2022 05/29/22 For Sale $610,000 -- $470 / 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 $6,250 $619,100 $413,900 $205,200
2023 $6,250 $558,000 $385,000 $173,000
2022 $4,980 $413,300 $255,000 $158,300
2021 $4,980 $368,900 $225,000 $143,900
2020 $5,033 $370,600 $240,000 $130,600
2019 $5,034 $366,900 $240,000 $126,900
2018 $5,038 $357,300 $240,000 $117,300
2017 $4,839 $355,800 $240,000 $115,800
2016 $4,880 $354,400 $240,000 $114,400
2015 $4,825 $351,400 $240,000 $111,400
2014 $4,829 $359,600 $240,000 $119,600
Source: Public Records

Agents Affiliated with this Home

  • Carolyn Vallerini

    Seller's Agent in 2022

    Carolyn Vallerini

    Weichert Realtors-Pt.Pl.Beach

    (732) 703-2888

    1 in this area

    44 Total Sales

    Carolyn Vallerini
    Section Image

  • M

    Buyer's Agent in 2022

    Melanie Siliato

    Cove to Coast Realty

    (732) 221-5969

    2 in this area

    37 Total Sales

    Melanie Siliato
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22216112

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 48-00042-05-00023

New Jersey Monmouth County Spring Lake 07762

43 Locust Way Unit 1, Spring Lake, NJ

This home is located at 43 Locust Way Unit 1, Spring Lake, NJ 07762 since 29 May 2022 and is currently estimated at $725,694, approximately $559 per square foot. This property was built in 1978. 43 Locust Way Unit 1 is a home located in Monmouth County with nearby schools including Spring Lake Heights Elementary School and 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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