NOT LISTED FOR SALE

511 7th Ave Spring Lake, NJ 07762

Estimated Value: $805,000 - $999,000

2 Beds
1 Bath
-- Sq Ft
6,621 Sq Ft Lot

Last Sold May 15, 2012

Last sale price $348,550

Est. 165% increase in value since last sale

Current estimated payment $5,603/month

259 Days on Market

Highlights

  • Waterfront
  • Air Conditioning
  • Wall to Wall Carpet

About This Home

As of May 2012

Two Bedroom year round cottage with three summer cottages all with exceptional rental history. This property has been well maintained with many upgrades recently new kitchens.Summer Rental properties are turn key completely furnished

Last Agent to Sell the Property

Marian Fallon

Marian J. Fallon Realty Listed on: 07/05/2011

Last Buyer's Agent

Maryanne Stebbins

Chris Smith Realty License #8337626

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,132

Lot Details

  • Lot Dimensions are 66x100
  • Waterfront

Parking

  • 1 Parking Space

Home Design

  • Slab Foundation

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Linoleum

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Separate Meters
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4800073000000012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,132

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • Subdivision Name: None
  • Reso Flooring: Linoleum/Vinyl, W/W Carpet
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 66X100
  • Water Heater Electric2: Yes
  • WaterSewer Public Water: Yes
  • Cooling Multi Units: Yes
  • General Property Info # Parking Spaces: 1.0
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Gas Stove10: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 AC Unit3: Yes
  • Unit 4 AC Unit10: Yes
  • Special Features: None

Interior Features

  • Basement: Partial, Slab
  • Basement: No
  • Basement:Slab: Yes
  • Basement:Partial: Yes

Exterior Features

  • Waterfront: Yes

Garage/Parking

  • Garage: No
  • Total Parking Spaces: 1.0
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 66X100
  • Parcel #: 4800073000000012
  • Zoning Description: Multi-Family

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 6132.0
  • Tax Other Annual Assessment Amount: 495300.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2011
Closed on
May 15, 2012
Sold by
Renbur Holding Company Inc
Bought by
Mackus Llc
Seller's Agent
Marian Fallon
Marian J. Fallon Realty
Buyer's Agent
Maryanne Stebbins
Chris Smith Realty
Sold Price
$348,550
Current Estimated Value
$925,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$576,705
Avg. Annual Appreciation
7.46%

Purchase Details

Closed on
Sep 14, 2000
Sold by
Campanelli Christopher
Bought by
Renbur Holding Co Inc

Purchase Details

Closed on
May 23, 2000
Sold by
Carmichael Group
Bought by
Campanelli Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
8.1%

Purchase Details

Closed on
May 21, 1998
Sold by
Digangi Joseph
Bought by
Carmichael Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.05%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Mackus Llc $348,550 Old Republic National Title
Renbur Holding Co Inc $275,000 --
Campanelli Christopher $260,000 --
Carmichael Group Inc $172,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Campanelli Christopher $208,000
Previous Owner Carmichael Group Inc $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2012 05/15/12 Sold $348,550 -- --
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 $8,835 $884,900 $627,500 $257,400
2024 $8,785 $839,000 $586,300 $252,700
2023 $8,785 $784,400 $537,600 $246,800
2022 $7,606 $637,600 $393,400 $244,200
2021 $7,606 $563,400 $341,500 $221,900
2020 $7,373 $542,900 $341,500 $201,400
2019 $7,372 $537,300 $341,500 $195,800
2018 $6,937 $492,000 $311,000 $181,000
2017 $6,660 $489,700 $311,000 $178,700
2016 $6,904 $501,400 $311,000 $190,400
2015 $6,358 $463,100 $277,700 $185,400
2014 $5,359 $399,000 $277,700 $121,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Marian Fallon

    Marian J. Fallon Realty

  • M

    Buyer's Agent in 2012

    Maryanne Stebbins

    Chris Smith Realty

    (732) 539-1120

    1 in this area

    16 Total Sales

    Maryanne Stebbins
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21125913

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 48-00073-0000-00012

New Jersey Monmouth County Spring Lake 07762

511 7th Ave, Spring Lake, NJ

Not Listed for Sale

MultiFamily

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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