NOT LISTED FOR SALE

507 Passaic Ave Spring Lake, NJ 07762

Estimated Value: $2,476,453 - $3,051,000

5 Beds
2 Baths
2,294 Sq Ft
$1,174/Sq Ft Est. Value

Last Sold October 17, 2022

Last sale price $1,950,000 $850 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $15,319/month

10 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • No HOA
  • Deck
  • Attic
  • 1 Car Detached Garage

About This Home

As of October 2022

Final and Best by August 2 at 5 pm. Welcome to this charming craftsman style home in beautiful Spring Lake! Situated on a quiet street, conveniently located close to Spring Lake shopping district, dining and pristine beaches. Featuring 5 bedrooms, 2 full baths, large living room with wood burning fireplace and lovely dining room. Updated eat- in kitchen with subway tile and granite countertops. Rear deck overlooks spacious backyard. This home has been lovingly maintained . Bring your imagination and create your own memories in one of the most sought after towns in Monmouth County!

Last Agent to Sell the Property

Mary Reilly

D'Amico & McConnell Realtors License #0343105 Listed on: 07/30/2022

Last Buyer's Agent

Mary Fay Reilly

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,510

Year Built

  • Built in 1925

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Street terminates at a dead end

Parking

  • 1 Car Detached Garage
  • Parking Available
  • Driveway

Home Design

  • Craftsman Architecture
  • Asphalt Rolled Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Light Fixtures
  • Wood Burning Fireplace
  • Awning
  • Insulated Windows
  • Blinds
  • Window Screens
  • Storm Doors
  • Dryer
  • Attic

Kitchen

  • Stove
  • Portable Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Partial Basement
  • Crawl Space

Outdoor Features

  • Deck
  • Exterior Lighting
  • Outdoor Gas Grill
  • Porch

Schools

  • H. W. Mountz Elementary And Middle School
  • St. Rose High School

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: Personal belongings. Microwave on counter.
  • Assessor Parcel Number 47-00062-0000-00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,510

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Dead End Street
  • Inclusions: Outdoor Lighting, Blinds/Shades, Ceiling Fan(s), Counter Top Range, Dishwasher, Dryer, Light Fixtures, Stove, Refrigerator, Screens, Awnings, Garbage Disposal, Gas Grill
  • Subdivision Name: None
  • Architectural Style: Detached, Craftsman
  • Reso Flooring: Cement
  • Reso Interior Features: Attic, Built-Ins
  • New Construction: No
  • ResoWindowFeatures: Insulated Windows
  • Year Built: 1925
  • Contract Info New Construction: No
  • 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: 50 x 150
  • 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
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Kitchen Floor - LinoleumVinyl4: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 1.0
  • Interior Attic: Yes
  • Lot Description Dead End Street: Yes
  • Exterior Porch - Open: Yes
  • Included BlindsShades: Yes
  • Included Light Fixtures: Yes
  • Living Room Floor - WW Carpet7: Yes
  • Dining Room Floor - WW Carpet6: Yes
  • Included Ceiling Fan(s): Yes
  • Included Outdoor Lighting: Yes
  • Included Screens: Yes
  • Foyer Floor - Wood: Yes
  • ExteriorDeck: Yes
  • Parking Concrete: Yes
  • Roof Timberline: Yes
  • Living Room Fireplace - Woodburning2: Yes
  • Included Gas Grill: Yes
  • Exterior BBQ: Yes
  • Included Garbage Disposal: Yes
  • Included Awnings: Yes
  • Included Counter Top Range: Yes
  • Heating 2 Zoned Heat: Yes
  • Energy Features:Storm Doors: Yes
  • Special Features: None

Interior Features

  • Basement: Bilco Style Doors, Crawl Space, Partial, Unfinished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Stories: 1
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Crawl Space: Yes
  • Appliances Included:Dryer: Yes
  • Basement:Unfinished: Yes
  • Basement:Partial: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes

Exterior Features

  • Roof: Timberline
  • Acres: 0.17
  • Topography: Level
  • Waterfront: No
  • Exclusions: Personal belongings. Microwave on counter.
  • Exterior Features: BBQ, Deck, Porch - Open
  • Construction:Siding - Vinyl: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, Other, Baseboard, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Association: No

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • Parcel #: 47-00062-0000-00004
  • Zoning Description: Residential, Neighborhood

Green Features

  • Energy Features Insulated Windows: Yes

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6510.0

MLS Schools

  • Elementary School: H. W. Mountz
  • High School: St. Rose High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2022
Closed on
Oct 13, 2022
Sold by
Westervelt Thomas E and Westervelt Patricia K
Bought by
Mjm 2022 Revocable Trust
Seller's Agent
Mary Reilly
D'Amico & McConnell Realtors
Buyer's Agent
Mary Fay Reilly
Coldwell Banker Realty
List Price
$1,899,000
Sold Price
$1,950,000
Premium/Discount to List
$51,000
2.69%
Views
32
Current Estimated Value
$2,692,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$742,613
Avg. Annual Appreciation
11.77%
Original Mortgage
$1,560,000
Outstanding Balance
$1,511,360
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$1,181,253

Purchase Details

Closed on
Jul 20, 2022
Sold by
Westervelt Thomas E
Bought by
Westervelt Thomas E and Westervelt Patricia K
Source: Public Records

Range of Values:

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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
Mjm 2022 Revocable Trust $1,950,000 Surety Title
Mjm 2022 Revocable Trust $1,950,000 Surety Title
Westervelt Thomas E -- Surety Title
Westervelt Thomas E -- Surety Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mjm 2022 Revocable Trust $1,560,000
Closed Mjm 2022 Revocable Trust $1,560,000
Previous Owner Westervelt Thomas E $80,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2022 10/17/22 Sold $1,950,000 +2.7% $850 / Sq Ft
08/09/2022 08/09/22 Pending -- -- --
07/30/2022 07/30/22 For Sale $1,899,000 -- $828 / 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 $9,138 $2,030,400 $1,503,000 $527,400
2024 $7,829 $1,868,700 $1,378,000 $490,700
2023 $7,829 $1,556,500 $1,178,000 $378,500
2022 $5,870 $1,412,400 $1,052,000 $360,400
2021 $5,870 $1,085,000 $759,000 $326,000
2020 $6,503 $1,052,300 $739,000 $313,300
2019 $6,485 $1,029,300 $725,000 $304,300
2018 $6,418 $1,022,000 $725,000 $297,000
2017 $6,296 $1,005,700 $725,000 $280,700
2016 $7,323 $1,072,200 $787,200 $285,000
2015 $7,347 $1,052,600 $767,600 $285,000
2014 $7,054 $1,028,300 $743,300 $285,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mary Reilly

    D'Amico & McConnell Realtors

    (732) 223-2705

    3 in this area

    20 Total Sales

    Mary Reilly
    Section Image

  • M

    Buyer's Agent in 2022

    Mary Fay Reilly

    Coldwell Banker Realty

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22223253

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00062-0000-00004

New Jersey Monmouth County Spring Lake 07762

507 Passaic Ave, Spring Lake, NJ

This home is located at 507 Passaic Ave, Spring Lake, NJ 07762 since 30 July 2022 and is currently estimated at $2,692,613, approximately $1,173 per square foot. This property was built in 1925. 507 Passaic Ave is a home located in Monmouth County with nearby schools including 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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