Seller's Agent in 2021
Marlene Mango
Diane Turton, Realtors-Brick
(732) 998-5532
1 in this area
97 Total Sales
514 Passaic Ave Spring Lake, NJ 07762
Estimated Value: $1,508,000 - $2,042,000
4
Beds
4
Baths
1,660
Sq Ft
$1,091/Sq Ft
Est. Value
Highlights
- Recessed Lighting
- Level Lot
- Wall to Wall Carpet
- Zoned Heating
About This Home
As of October 2021Legal two family Income producing property in desirable Spring Lake.
Current tenants are on annual leases but this would be a perfect setup for two Seasonal rentals. Both units have 2 Bedrooms and 1 1/2 Baths. Kitchen, Living Room and Mud Room/Office on first level. 2 Bedrooms and Full Bath on second level. Full Basement
This property is located on the dead end side of Passaic Avenue............with some large beautiful newly constructed homes surrounding.
Last Agent to Sell the Property
Diane Turton, Realtors-Brick License #7855216 Listed on: 08/03/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,234
Year Built
- Built in 1900
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 50 x 150
- Street terminates at a dead end
- Level Lot
Home Design
- Duplex
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Recessed Lighting
- Basement Fills Entire Space Under The House
- Stove
Flooring
- Wall to Wall Carpet
- Linoleum
Bedrooms and Bathrooms
- 4 Bedrooms
Parking
- No Garage
- Off-Street Parking
Schools
- H. W. Mountz Elementary And Middle School
- St. Rose High School
Utilities
- Zoned Heating
- Heating System Uses Natural Gas
- Furnace
- Hot Water Baseboard Heater
- Separate Meters
- Separate Water Meter
- Natural Gas Water Heater
- Cable TV Available
Community Details
- 2 Units
- Gross Income $38,040
Listing and Financial Details
- Exclusions: Any appliances and other items where owned by the Tenants
- Tenant pays for water, sewer, heat, gas, electricity
- Assessor Parcel Number 47-00071-0000-00012
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 3, 2021
Closed on
Oct 4, 2021
Sold by
Nikola Kenneth F and Estate Of Lawrence E Nikola
Bought by
Slomienski Michael and Slomienski Melissa
Seller's Agent
Marlene Mango
Diane Turton, Realtors-Brick
Buyer's Agent
Carmella Gerard
Chris Smith Realty
List Price
$1,599,999
Sold Price
$1,500,000
Premium/Discount to List
-$99,999
-6.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,384
Avg. Annual Appreciation
4.78%
Original Mortgage
$1,100,000
Outstanding Balance
$998,656
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$811,728
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Slomienski Michael | $1,500,000 | Property Transfer Svcs Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Slomienski Michael | $1,100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/18/2021 10/18/21 | Sold | $1,500,000 | -6.2% | $904 / Sq Ft |
| 08/10/2021 08/10/21 | Pending | -- | -- | -- |
| 08/02/2021 08/02/21 | For Sale | $1,599,999 | -- | $964 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History Compared to Growth
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 | $7,391 | $1,668,300 | $1,503,000 | $165,300 |
| 2024 | $6,581 | $1,511,400 | $1,378,000 | $133,400 |
| 2023 | $6,581 | $1,308,300 | $1,178,000 | $130,300 |
| 2022 | $5,228 | $1,176,100 | $1,052,000 | $124,100 |
| 2021 | $5,228 | $871,300 | $759,000 | $112,300 |
| 2020 | $5,234 | $846,900 | $739,000 | $107,900 |
| 2019 | $5,227 | $829,700 | $725,000 | $104,700 |
| 2018 | $5,195 | $827,300 | $725,000 | $102,300 |
| 2017 | $5,144 | $821,700 | $725,000 | $96,700 |
| 2016 | $5,619 | $822,700 | $662,900 | $159,800 |
| 2015 | $5,627 | $806,200 | $646,400 | $159,800 |
| 2014 | $5,390 | $785,700 | $625,900 | $159,800 |
Source: Public Records
Agents Affiliated with this Home
-
Marlene Mango
-
Carmella Gerard
C
Buyer's Agent in 2021
Carmella Gerard
Chris Smith Realty
(732) 740-1605
3 in this area
19 Total Sales
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22125510
APN: 47-00071-0000-00012
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Information is deemed reliable but not guaranteed.
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