NOT LISTED FOR SALE

53 Indian Spring Rd Budd Lake, NJ 07828

Estimated Value: $750,000 - $775,000

4 Beds
2.5 Baths
2,830 Sq Ft
$270/Sq Ft Est. Value

Last Sold August 01, 2022

Last sale price $610,000 $216 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,280/month

21 Days on Market

Highlights

  • 1.04 Acre Lot
  • Colonial Architecture
  • High Ceiling
  • Mount Olive High School Rated A
  • Deck
  • Home Office

About This Home

As of August 2022

Move in Ready! Updated 4 Bedroom, 2 1/2 Bath Colonial with Spectacular Views in Desirable Mt Olive. Enter from Wide Inviting Front Entrance & Be Greeted by Open 2 Story High Foyer. Notice the Luxury Vinyl Plank Flooring & Tile on 1st level. The Living Room has French Doors & can easily be used as an WFH Office. The Dining Room is Polished w/ Crown Moldings, Chandelier Medallion & is Large Enough to Host Plenty at Your Table. The Kitchen offers White Cabinetry, Granite Countertops & SS Appliances. The Kitchen Opens to the Family Room. The Family Room offers Plenty of Light, & Features a Wood Burning Fireplace, making Cold Nights Cozy. In addition, there is an Office & Laundry Room off the Kitchen for 1st level conveniences. Upstairs, you will find New Carpeting in 4 bedrooms & 2 Full baths. The Master Bedroom offers a Walk In Closet, Soaking Tub & Separate Shower Stall in Private en-suite. Don't forget the Ample Space in the 21*13 Mater Bedroom. Unfinished Basement is a Blank Slate & Offers Plenty of Storage. New HVAC was installed 2021. And this Modern Home offers an Outlet for your Electric Car! Accessible from the Kitchen Slider, the Deck is nice place to Grill or Enjoy the Quiet Private Backyard. The Yard is even Fenced in your Furry Friends. Enjoy the Wonderful Local Brewery, Shops & Dining. Award winning Mt Olive Schools, Impressive Turkey Brook Park & the ITC check off the boxes to make this home a MUST SEE. Don't let this one pass you by!!

Last Agent to Sell the Property

Tara W. Lauterbach

RE/MAX HERITAGE PROPERTIES Listed on: 05/11/2022

Last Buyer's Agent

John G. Susani

COLDWELL BANKER SUSANI REALTY

COLDWELL BANKER SUSANI REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,699

Year Built

  • Built in 1998 | Remodeled

Lot Details

  • 1.04 Acre Lot
  • Fenced
  • Open Lot

Parking

  • 2 Car Attached Garage
  • Private Driveway

Home Design

  • Colonial Architecture
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,830 Sq Ft Home
  • High Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Utility Room

Kitchen

  • Country Kitchen
  • Gas Oven or Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Soaking Tub
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Garage Access

Outdoor Features

  • Deck

Schools

  • Sandshore Elementary School
  • Mt.Olive Middle School
  • Mt.Olive High School

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Gas Water Heater
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 2327-01800-0000-00005-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,699

Year Built

Built in 1998 | Remodeled

Lot Details

1.04 Acres

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1998
  • Year Built Description: Renovated
  • County Name: Morris
  • Directions: Rt 46 West, R Smithtown - R on Indian Spring
  • I D: 5150044
  • First Name: TARA W.
  • First Name3: JOHN G.
  • Last Name: LAUTERBACH
  • Last Name3: SUSANI
  • Office Phone: 973-598-1700
  • Office Phone3: 973-790-6996
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2018

Interior Features

  • Flooring: Carpeting, Vinyl-Linoleum
  • Fireplace Description: Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Range/Oven-Gas, Refrigerator, Washer, Water Softener-Own
  • Interior Amenities: High Ceilings, Skylight, SoakTub, StallTub, Walk-In Closet, Window Treatments
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Full, Unfinished
  • Basement Level Rooms: GarEnter, Utility Room, Walkout
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Country Kitchen
  • Kitchen Dim: 22x15
  • Kitchen Level: First
  • Living Room Dim: 17x13
  • Living Room Level: First
  • Other Room 1: Office
  • Other Room1 Dim: 12x11
  • Other Room1 Level: First
  • Other Room 2: Laundry Room
  • Other Room2 Dim: 9x6
  • Other Room2 Level: First
  • Level 1 Rooms: Breakfast Room, Dining Room, Family Room, Foyer, Kitchen, Laundry Room, Living Room, Office, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Estimated Sq Ft: 2830
  • Phone: 973-598-1700

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Metal Fence, Sidewalk
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 6
  • Parking Driveway Description: 1 Car Width, Blacktop, Driveway-Exclusive

Utilities

  • Cooling: 1 Unit, Ceiling Fan, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Septic 4 Bedroom Town Verified
  • Utilities: Gas-Natural
  • Water: Well
  • Water Heater: Gas

Schools

  • High School: MT.Olive HS
  • Middle Jr High School: MT.Olive MS

Lot Info

  • Lot Size: 1.02 AC
  • Lot Description: Open Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 1.04

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 13699
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2327-01800-0000-00005-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 3.358
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: Sandshore

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2022
Closed on
Jul 28, 2022
Sold by
Loiacono Nicholas and Loiacono Rachel
Bought by
Leotta Russell R
Seller's Agent
Tara W. Lauterbach
RE/MAX HERITAGE PROPERTIES
Buyer's Agent
John G. Susani
COLDWELL BANKER SUSANI REALTY
List Price
$615,000
Sold Price
$610,000
Premium/Discount to List
-$5,000
-0.81%
Current Estimated Value
$763,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,423
Avg. Annual Appreciation
6.32%
Original Mortgage
$598,951
Interest Rate
5.66%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 26, 2019
Closed on
Aug 28, 2019
Sold by
Vrd2 Llc
Bought by
Loiacono Nicholas and Loiacono Rachel
Seller's Agent
JOY CALLOZZO
WEICHERT REALTORS
Buyer's Agent
Tara W. Lauterbach
RE/MAX HERITAGE PROPERTIES
List Price
$438,000
Sold Price
$440,000
Premium/Discount to List
$2,000
0.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.79%
Original Mortgage
$450,560
Interest Rate
3.7%
Mortgage Type
VA

Purchase Details

Listed on
Aug 1, 2018
Closed on
Oct 12, 2018
Sold by
U S Bank National Assn
Bought by
Vrd2 Llc
Seller's Agent
DAVID M. SWEENEY
DAVID M SWEENEY REALTY, LLC
Buyer's Agent
JOY CALLOZZO
WEICHERT REALTORS
List Price
$356,400
Sold Price
$308,900
Premium/Discount to List
-$47,500
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.48%

Purchase Details

Closed on
Mar 27, 2018
Sold by
Smith Jason and Smith George
Bought by
Us Bank Na

Purchase Details

Closed on
Feb 28, 2007
Sold by
Pelletier Beth
Bought by
Pelletier Wayne

Purchase Details

Closed on
Apr 11, 2005
Sold by
Cendant Mobility Financial Cor
Bought by
Smith George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
6.05%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 11, 2005
Sold by
Bossmann Daniel
Bought by
Cendant Mobility Financial Cor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
6.05%

Purchase Details

Closed on
Mar 25, 1997
Sold by
Federal National Mortgage Association
Bought by
Pelletier Wayne J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
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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

Date Buyer Sale Price Title Company
Leotta Russell R $610,000 --
Leotta Russell R $610,000 None Listed On Document
Loiacono Nicholas $440,000 Multiple
Vrd2 Llc $293,900 None Available
Us Bank Na -- Terra Abstract Inc
Pelletier Wayne $88,000 --
Smith George $545,000 --
Cendant Mobility Financial Cor $545,000 --
Pelletier Wayne J $105,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leotta Russell R $598,951
Previous Owner Loiacono Nicholas $450,560
Previous Owner Cendant Mobility Financial Cor $109,000
Previous Owner Smith George $436,000
Previous Owner Cendant Mobility Financial Cor $436,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2022 08/01/22 Sold $610,000 +1.7% $216 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
05/27/2022 05/27/22 Price Changed $600,000 -2.4% $212 / Sq Ft
05/15/2022 05/15/22 For Sale $615,000 +39.8% $217 / Sq Ft
08/28/2019 08/28/19 Sold $440,000 +0.5% $155 / Sq Ft View Prior Sale
08/02/2019 08/02/19 Pending -- -- --
06/26/2019 06/26/19 For Sale $438,000 +41.8% $155 / Sq Ft
10/12/2018 10/12/18 Sold $308,900 -13.3% $109 / Sq Ft View Prior Sale
09/13/2018 09/13/18 Pending -- -- --
08/01/2018 08/01/18 For Sale $356,400 -- $125 / Sq Ft
Source: Garden State MLS

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 $14,410 $413,500 $148,000 $265,500
2024 $13,592 $413,500 $148,000 $265,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3781506

Garden State MLS

APN: 27-01800-0000-00005

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