NOT LISTED FOR SALE

511 Passaic Ave Spring Lake, NJ 07762

Estimated Value: $2,056,000 - $3,328,000

5 Beds
4.5 Baths
3,955 Sq Ft
$729/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $2,503,026 $633 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $17,826/month

80 Days on Market

Highlights

  • New Kitchen
  • Wood Flooring
  • Whirlpool Bathtub
  • Deck
  • Shore Colonial Architecture
  • 2 Fireplaces

About This Home

As of September 2023

Under Contract/Continue to Show. Just a few blocks from the beach, this updated 3900 SF+ 4/5 bedroom home offers the chance to enjoy all the renowned seaside community of Spring Lake has to offer. Bright, freshly painted open floor plan includes wood floors throughout, chef worthy eat-in kitchen with high-end stainless appliances, chic cabinetry, and stone counters, plus a living room with a welcoming fireplace that is the perfect spot to warm up after a brisk beach walk. Large rear deck expands your entertaining opportunities during beach season as do the charming triple decker front porches. Additional amenities include an all-new two-zoned HVAC system, an updated basement bath, a 3rd floor loft-style primary suite with ample storage options, skylights, and porch access.

Last Agent to Sell the Property

Eric Hoffman

Keller Williams Realty East Monmouth License #1325947 Listed on: 06/26/2023

Keller Williams Realty East Monmouth

Last Buyer's Agent

Jenifer Green Grigg

Jack Green Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,313

Year Built

  • Built in 2003

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Fenced
  • Oversized Lot

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Gravel Driveway
  • On-Street Parking

Home Design

  • Shore Colonial Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,955 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling height of 9 feet on the main level
  • Skylights
  • 2 Fireplaces
  • Gas Fireplace
  • Bay Window
  • Sliding Doors
  • Laundry Tub

Kitchen

  • New Kitchen
  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Primary Bathroom includes a Walk-In Shower

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Porch

Schools

  • H. W. Mountz Elementary And Middle School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 47-00062-0000-00006

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,313

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Oversized
  • Subdivision Name: None
  • Architectural Style: Detached, Shore Colonial
  • Reso Flooring: Ceramic Tile
  • Reso Interior Features: Ceilings - 9Ft+ 1st Flr, Dec Molding, Laundry Tub, Skylight, Sliding Door
  • Year Built: 2003
  • 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
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • GreatFamily Room Sliding Door4: Yes
  • Exterior Balcony2: Yes
  • ExteriorPatio: 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
  • Kitchen Newer: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 2.0
  • Interior Dec Molding: Yes
  • Exterior Porch - Open: Yes
  • Living Room Fireplace - Gas7: Yes
  • Kitchen Sliding Door5: Yes
  • Kitchen GraniteStone Counter: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • ExteriorDeck: Yes
  • Living Room Dec Molding3: Yes
  • Kitchen BnookDining Area: Yes
  • Kitchen Eat-In: Yes
  • Kitchen Dec Molding5: Yes
  • Basement Heated: Yes
  • Style Shore Colonial: Yes
  • Kitchen Floor - Wood4: Yes
  • Parking Oversized2: Yes
  • GreatFamily Room Fireplace - Gas4: Yes
  • Interior Laundry Tub: Yes
  • Living Room BayBow Window2: Yes
  • GreatFamily Room BayBow Window5: Yes
  • Dining Room BayBow Window3: Yes
  • GreatFamily Room Dec Molding6: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Ceilings - High, Finished, Full, Heated
  • Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplaces: 2
  • Stories: 2
  • Basement Finished: Yes
  • Full Basement: Yes
  • Features Interior:Skylight: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bedroom:Walk-in Closet: Yes
  • Primary Bath Double Sinks: Yes
  • Primary Bath Whirlpool: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Topography: Level
  • Waterfront: No
  • Exterior Features: Balcony, Deck, Fence, Patio, Porch - Open
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Gravel, Driveway, On Street
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • Parking:On Street: Yes
  • Parking Features:Garage Detached: Yes
  • Parking:Gravel2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • Parcel #: 47-00062-0000-00006
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10313.0

MLS Schools

  • Elementary School: H. W. Mountz

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2023
Closed on
Jul 27, 2023
Sold by
Us Bank Trust Na
Bought by
Schulte Meghan Leigh Baker and Schulte David Preston
Seller's Agent
Eric Hoffman
Keller Williams Realty East Monmouth
Buyer's Agent
Jenifer Green Grigg
Jack Green Realty LLC
List Price
$2,550,000
Sold Price
$2,503,026
Premium/Discount to List
-$46,974
-1.84%
Views
191
Current Estimated Value
$3,064,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$561,035
Avg. Annual Appreciation
7.16%
Original Mortgage
$2,000,000
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2020
Sold by
Ottillio Anthony V
Bought by
Lsfs Master Partilcipation Trust

Purchase Details

Closed on
Apr 22, 1993
Bought by
Ottilio Anthony
Source: Public Records

Range of Values:

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List 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
Schulte Meghan Leigh Baker $2,503,026 Coastal Title
Lsfs Master Partilcipation Trust $1,000 None Available
Ottilio Anthony $167,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schulte Meghan Leigh Baker $2,000,000
Previous Owner Otillio Anthony $250,000
Previous Owner Otillio Anthony $30,000
Previous Owner Ottilio Anthony $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $2,503,026 +0.3% $633 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
05/29/2023 05/29/23 Price Changed $2,495,000 -2.2% $631 / Sq Ft
05/19/2023 05/19/23 For Sale $2,550,000 -- $645 / 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 $10,846 $2,379,700 $1,378,000 $1,001,700
2023 $10,846 $2,156,300 $1,178,000 $978,300
2022 $9,639 $1,994,800 $1,052,000 $942,800
2021 $9,639 $1,621,900 $759,000 $862,900
2020 $9,813 $1,587,900 $739,000 $848,900
2019 $9,821 $1,558,900 $725,000 $833,900
2018 $9,782 $1,557,600 $725,000 $832,600
2017 $9,464 $1,511,900 $725,000 $786,900
2016 $12,323 $1,804,300 $745,700 $1,058,600
2015 $12,465 $1,785,800 $727,200 $1,058,600
2014 $12,093 $1,762,800 $704,200 $1,058,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22313491

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00062-0000-00006