NOT LISTED FOR SALE

511 Ocean Ave Spring Lake, NJ 07762

Spring Lake Area

Estimated Value: $6,754,000 - $9,458,000

6 Beds
4 Baths
2,836 Sq Ft
$2,764/Sq Ft Est. Value

Sale Details

Date Sold: January 22, 2015

Last sale price $2,625,000 $926 Per Sq Ft

Est. 199% increase in value since last sale

Current estimated payment $45,527 / mo

336 Days on Market

Highlights

  • Ocean Front
  • Oceanside
  • Wood Flooring
  • In Ground Pool
  • Colonial Architecture
  • 1 Fireplace

About This Home

As of January 2015

Go Coastal! Enjoy the sights and sounds of the OCEAN from this six bedroom Ocean Front home on rare oversized 80x150 lot. One of the few ocean front homes with a custom POOL. Fun in the sun entertaining in your private oasis, with large paver patio, perfect for relaxing. Important first floor bedroom with full bath, plus ocean views. Residents enjoy the two miles of beach, non-commercial boardwalk, spring fed lakes, parks tennis, shopping, Community theater. Get ready for the Jersey Shore!

Last Agent to Sell the Property

Margaret Penta

Gloria Nilson & Co. Real Estate Listed on: 10/21/2013

Co-Listed By

Andrea Patterson

Gloria Nilson & Co. Real Estate

Last Buyer's Agent

Margaret Penta

Preferred Properties Real Estate License #0449016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,623

Year Built

  • Built in 1978

Lot Details

  • Lot Dimensions are 80x150
  • Ocean Front
  • Oversized Lot
  • Sprinkler System

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Parking Available
  • Open Parking
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Sliding Doors
  • Great Room
  • Sitting Room
  • Wood Flooring
  • Ocean Views
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Oceanside
  • Patio
  • Porch
  • Awning

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: PERSONAL ITEMS
  • Assessor Parcel Number 00032000000005

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,623

Year Built

Built in 1978

Lot Details

0.28 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Oversized
  • ResoPoolFeatures: In Ground
  • Co List Office Mls Id: 1111
  • Co List Office Phone: 732-449-3200
  • Inclusions: Washer, Dishwasher, Dryer, Stove, Refrigerator, Awnings
  • Subdivision Name: None
  • Architectural Style: Detached, Colonial
  • New Construction: No
  • Year Built: 1978
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: Yes
  • Water Type Oceanfront: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • GreatFamily Room Sliding Door4: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 80X150
  • Location Middle School: H. W. Mountz
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 1.0
  • Exterior Porch - Open: Yes
  • Exterior Sprinkler Under: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • Parking Concrete: Yes
  • Kitchen Eat-In: Yes
  • Rooms Sitting: Yes
  • Parking Oversized2: Yes
  • ExteriorOutdoorShower: Yes
  • Included Awnings: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Stories: 2
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Crawl Space: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Other Rooms:Great Room: Yes
  • Primary Bedroom Level:Second43: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bedroom:Walk-in Closet: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Oceanfront, Oceanside/Beach Blk, Oceanview
  • Waterfront: Yes
  • Exclusions: PERSONAL ITEMS
  • Exterior Features: Outdoor Shower, Patio, Porch - Open, Sprinkler Under
  • Exterior Features:Pool-In Ground: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Open, Concrete, Off Street
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Open: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Dimensions: 80X150
  • Parcel #: 00032000000005

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 23623.0

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2015
Sold by
Bought by
Current Estimated Value
$7,838,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
0.0322%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 21, 2013
Closed on
Jan 19, 2015
Sold by
Bought by
Seller's Agent
Margaret Penta
Gloria Nilson & Co. Real Estate
Buyer's Agent
Margaret Penta
Preferred Properties Real Estate
Sold Price
$2,625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.01%
Original Mortgage
$2,637,500
Interest Rate
0.0396%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2011
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,128,000 Weichert Title Agency
$2,625,000 Beacon Abstract Llc
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,500,000
Previous Owner $2,637,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/22/2015 01/22/15 Sold $2,625,000 0.0% $926 / Sq Ft
06/29/2013 06/29/13 Rented $50,000 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $35,326 $8,011,100 $5,216,000 $2,795,100
2025 $35,326 $7,730,000 $4,966,000 $2,764,000
2024 $35,226 $7,189,100 $4,616,000 $2,573,100
2023 $35,226 $7,003,200 $4,489,800 $2,513,400
2022 $34,310 $6,569,400 $4,157,000 $2,412,400
2021 $34,310 $5,723,500 $3,523,000 $2,200,500
2020 $34,500 $5,582,500 $3,435,000 $2,147,500
2019 $34,186 $5,426,400 $3,325,000 $2,101,400
2018 $33,811 $5,383,900 $3,325,000 $2,058,900
2017 $32,846 $5,247,000 $3,300,000 $1,947,000
2016 $34,095 $4,991,900 $2,815,800 $2,176,100
2015 $34,967 $3,373,000 $2,833,500 $539,500
2014 $23,938 $3,489,500 $2,950,000 $539,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Margaret Penta

    BHHS Fox & Roach

  • A

    Seller Co-Listing Agent in 2015

    Andrea Patterson

    BHHS Fox & Roach

  • N

    Buyer's Agent in 2013

    NON MEMBER

    VRI Homes

  • N

    Buyer's Agent in 2013

    NON MEMBER MORR

    NON MEMBER

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21336179

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00032-0000-00005

New Jersey Monmouth County Spring Lake 07762

511 Ocean Ave, Spring Lake, NJ

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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