$825,000
SOLD MAY 11, 2015

504 Ludlow Ave Spring Lake, NJ 07762

4 Beds
-- Bath
3,720 Sq Ft
7,492 Sq Ft Lot

Recently Sold

$222 Per Sq Ft

162 Days on Market

Highlights

  • Storm Windows
  • Forced Air Heating System
  • Level Lot
  • Shed

About This Home

As of November 2016

Unique, Legal 4 family in Spring Lake sits on 65X150 lot. Own and rent out the other 3 units. Close to downtown and only minutes from the beach. Convenient to major roads. Can be converted to a two or three family, Rent out or rebuild your dream home.

Last Agent to Sell the Property

Mary Filippo

Gloria Nilson & Co. Real Estate Listed on: 09/18/2014

Last Buyer's Agent

Phyllis Nocerino-Keefe

Gloria Nilson & Co. Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,121

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 65x150
  • Level Lot

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 4 Bedrooms
  • 3,720 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Basement Fills Entire Space Under The House
  • Walkup Attic
  • Storm Windows
  • Stove

Parking

  • No Garage
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Shed

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 00115000000003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,121

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Reso Flooring: Linoleum/Vinyl, W/W Carpet
  • Reso Interior Features: Attic - Walk Up
  • Year Built: 1900
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 65X150
  • Location Middle School: H. W. Mountz
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Storm Window: Yes
  • Garage None4: Yes
  • Interior Attic - Walk Up: Yes
  • Exterior Shed3: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Gas Stove10: Yes
  • Exterior Screens2: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Water Meter: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Full
  • Basement: Yes
  • Total Bedrooms: 4
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exterior Features: Storm Window, Screens

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, On Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Dimensions: 65X150
  • Parcel #: 00115000000003
  • Zoning Description: Residential, Non-Conforming, Multi-Family

Rental Info

  • Tenant Pays: Gas, Electricity
  • Owner Pays: Water, Sewer

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 7121.0
  • Tax Other Annual Assessment Amount: 1061300.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2022
Sold by
Valentina Gabela
Bought by
504 Ludlow Llc
Current Estimated Value
$2,387,482

Purchase Details

Closed on
Jul 15, 2021
Sold by
Tovaste Sl Llc
Bought by
Gabela Valentina and Morse Maria Galatro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 17, 2016
Closed on
Nov 10, 2016
Sold by
504 Ludlow Sl Llc
Bought by
Tovaste Sl Llc
Seller's Agent
Chris Smith
Chris Smith Realty
Buyer's Agent
Chuck Puth
Charles Puth Realty, LLC
Sold Price
$1,249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$777,500
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 18, 2014
Closed on
May 8, 2015
Sold by
Griffin Janel
Bought by
504 Ludlow Sl Llc
Seller's Agent
Mary Filippo
Gloria Nilson & Co. Real Estate
Buyer's Agent
Phyllis Nocerino-Keefe
Gloria Nilson & Co. Real Estate
Sold Price
$825,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.85%
Original Mortgage
$777,500
Interest Rate
3.66%
Mortgage Type
Construction
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 -- --
Deed -- None Listed On Document
Deed $1,500,000 Anchor Title Agency Llc
Deed $1,249,000 Old Republic National Title
Deed $825,000 Agent First Jersey Title Sv
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,200,000 New Conventional
Previous Owner $777,500 Commercial
Previous Owner $777,500 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2016 11/10/16 Sold $1,249,000 +51.4% $336 / Sq Ft
05/11/2015 05/11/15 Sold $825,000 -- $222 / 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 $8,555 $2,016,600 $1,412,000 $604,600
2024 $7,962 $1,749,500 $1,187,000 $562,500
2023 $7,962 $1,583,000 $1,005,700 $577,300
2022 $8,254 $1,516,700 $967,000 $549,700
2021 $8,254 $1,375,700 $878,500 $497,200
2020 $8,033 $1,299,900 $822,000 $477,900
2019 $7,963 $1,264,000 $800,000 $464,000
2018 $7,869 $1,253,000 $800,000 $453,000
2017 $6,727 $1,074,600 $800,000 $274,600
2016 $7,501 $1,098,300 $662,900 $435,400
2015 $7,551 $1,081,800 $646,400 $435,400
2014 $7,281 $1,061,300 $625,900 $435,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21416664

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00115-0000-00003