NOT LISTED FOR SALE

551 Newman Springs Rd Unit 5 Lincroft, NJ 07738

Estimated Value: $822,416

2 Beds
1 Bath
-- Sq Ft
0.49 Acres

Highlights

  • Attic
  • Living Room
  • Forced Air Heating and Cooling System
  • Thompson Middle School Rated A-
  • Laundry Room

About This Home

As of December 2023

Spacious and inviting 2 Bedroom 1 Bath rental available immediately in desirable Lincroft. Open floorplan. Move in ready with fresh paint and newer flooring throughout. Landlord pays electric, gas and water! Great for commuters with convenient location in center of town and minutes from GSP exit 109 and Park and Ride. Full size washer and dryer and lots of storage space available. This rental is part of a larger building with 2 residential units and 3 medical offices below. Shared parking lot with ample spots available. Sorry no pets.

Last Agent to Rent the Property

Jennifer Bernabeo

EXP Realty License #1434725 Listed on: 10/02/2023

EXP Realty

Last Renter's Agent

Irene Zitzner

NextHome Peninsula Realty Group License #1110600

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $16,698

Year Built

  • 1961

Lot Details

  • 0.49

Parking

  • No Garage

Interior Spaces

  • 2-Story Property
  • Living Room
  • Laundry Room
  • Attic

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Laundry in Basement

Schools

  • Lincroft Elementary School
  • Thompson Middle School
  • Middle South High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • 0.49 Acre Lot
  • Upper Level

Listing and Financial Details

  • Property Available on 10/15/23
  • Assessor Parcel Number 32-01113-0000-00001

Community Details

Overview

  • Property has a Home Owners Association
  • Front Yard Maintenance
  • Association fees include trash, electricity, lawn maintenance, snow removal, water, heat, sewer

Recreation

  • Snow Removal

Property Details

Home Type

Apartment

Est. Annual Taxes

$16,698

Year Built

1961

Lot Details

0

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2023-10-15

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Reso Association Fee Includes: Trash, Electricity, Lawn Maintenance, Snow Removal, Water, Heat, Sewer
  • Subdivision Name: None
  • Architectural Style: Upper Level
  • Reso Interior Features: Attic
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Assigned Parking: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.49
  • Location Middle School: Thompson
  • Cooling Central Air: Yes
  • Rooms Laundry: Yes
  • Rooms Living Room: Yes
  • WaterSewer Public Water: Yes
  • Interior Attic: Yes
  • Garage None4: Yes
  • Contract Info Available Date: 2023-10-15
  • Maintenance Fees Security Deposit3: 1.5
  • Lease Requirements Security Deposit4: Yes
  • General Property Info # Parking Spaces3: 2
  • Laundry Level Basement20: Yes
  • Fee Includes Heat4: Yes
  • Fee Includes Electricity3: Yes
  • Special Features: None
  • Year Built: 1961

Interior Features

  • Basement: Walk-Out Access, Ceilings - High
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Stories: 2
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Acres: 0.49
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: None
  • General Property Info:Garage: No

Utilities

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

Condo/Co-op/Association

  • Association: Yes
  • Fee Includes Lawn Maintenance: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes
  • Association Fee Includes:Trash: Yes
  • AssociationHOA Fee Includes:Water: Yes

Schools

  • Middle Or Junior School: Thompson

Lot Info

  • Lot Size Sq Ft: 21344.4
  • Parcel #: 32-01113-0000-00001

MLS Schools

  • Elementary School: Lincroft
  • High School: Middle South

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2008
Sold by
Ibrahim Adel and Hafez Faten M
Bought by
A & F Ibrahim Family Lp
Current Estimated Value
$822,416

Purchase Details

Closed on
Apr 3, 2007
Sold by
Ibrahim Adel and Hafez Faten M
Bought by
Ibrahim Adel and Hafez Faten M

Purchase Details

Closed on
Sep 30, 2004
Sold by
Reeman Christopher
Bought by
Ibrahim Adel and Hafez Faten

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 1995
Sold by
Hohmeier John
Bought by
Reeman Christopher and Reeman Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.81%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
A & F Ibrahim Family Lp -- None Available
Ibrahim Adel -- None Available
Ibrahim Adel $415,000 --
Reeman Christopher $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ibrahim Adel $332,000
Previous Owner Reeman Christopher $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2023 12/01/23 Rented $52,800 +2355.8% --
11/15/2023 11/15/23 Under Contract -- -- --
10/02/2023 10/02/23 For Rent $2,150 -91.7% --
05/15/2022 05/15/22 Rented $25,800 +1158.5% --
05/12/2022 05/12/22 Under Contract -- -- --
03/15/2022 03/15/22 For Rent $2,050 +10.8% --
10/15/2020 10/15/20 Rented $1,850 0.0% --
10/08/2020 10/08/20 Under Contract -- -- --
10/01/2020 10/01/20 For Rent $1,850 0.0% --
08/14/2020 08/14/20 Off Market $1,850 -- --
07/06/2020 07/06/20 For Rent $1,850 -- --
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 $16,698 $1,197,300 $531,700 $665,600
2024 $17,618 $1,015,100 $360,800 $654,300
2023 $17,618 $1,013,700 $360,800 $652,900
2022 $18,104 $964,200 $345,300 $618,900
2021 $18,104 $870,400 $332,200 $538,200
2020 $21,850 $1,022,000 $332,200 $689,800
2019 $21,029 $995,700 $343,300 $652,400
2018 $21,538 $993,900 $343,300 $650,600
2017 $21,756 $993,900 $343,300 $650,600
2016 $21,289 $999,000 $343,300 $655,700
2015 $22,048 $999,000 $343,300 $655,700
2014 $22,607 $999,000 $343,300 $655,700
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Bernabeo

    Landlord's Agent in 2023

    Jennifer Bernabeo

    EXP Realty

    (732) 690-8687

    9 in this area

    43 Total Sales

    Jennifer Bernabeo
    Section Image
  • Irene Zitzner

    Tenant's Agent in 2023

    Irene Zitzner

    NextHome Peninsula Realty Group

    (201) 232-5824

    35 Total Sales

    Irene Zitzner
    Section Image
  • Heba Shaaban

    Seller's Agent in 2020

    Heba Shaaban

    Keller Williams Realty Central Monmouth

    (732) 740-1203

    1 in this area

    3 Total Sales

    Heba Shaaban
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22327405

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 32-01113-0000-00001

New Jersey Monmouth County Lincroft 07738

551 Newman Springs Rd Unit 5, Lincroft, NJ

This home is located at 551 Newman Springs Rd Unit 5, Lincroft, NJ 07738 since 02 October 2023 and is currently priced at $822,416. This property was built in 1961. 551 Newman Springs Rd Unit 5 is a home located in Monmouth County with nearby schools including Lincroft Elementary School, Thompson Middle School, and Middletown - South High School.

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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