NOT LISTED FOR SALE

557-559 Ocean Rd Spring Lake Heights, NJ 07762

Estimated Value: $3,211,209 - $3,432,000

0.12 Acre
$27,680,042 Price per Acre
5,227 Sq Ft Lot

Last Sold October 14, 2022

Last sale price $675,000

Est. 392% increase in value since last sale

Current estimated payment $19,098/month

84 Days on Market

About This Lot

As of October 2022

TWO lots - one price! Desirable Spring Lake Heights and just 6/10 of a mile to the beautiful Spring Lake beach! The vacant lot at 559 Ocean Rd is 35 x 90 and next door at 557 is 35 x 145 irregular with a tear-down beach shack that will not be able to be accessed. These lots are to be sold together. Build two separate homes...the owners have a modular plan for 559 Ocean that has been approved by the town or build your dream house utilizing both lots. Lovely houses all around and truly a wonderful location with Wreck Pond just a couple blocks away and the beach just a hop, skip and jump away! Close to Rt.71 and the Spring Lake train station!

Last Agent to Sell the Property

Cynthia Gelay

Coldwell Banker Realty License #0120739 Listed on: 05/27/2022

Coldwell Banker Realty

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,490

Year Built

  • 1920

Lot Details

  • 5,227 Sq Ft Lot

Schools

  • Spring Lake Heights Middle School
  • Manasquan High School

Utilities

  • Electricity To Lot Line
  • Gas Available
  • Gas Available at Street

Community Details

  • Country Club
  • Electricity Available at Street
  • Shed

Listing and Financial Details

  • Assessor Parcel Number 48-00023-0000-00031-01

Property Details

Property Type

Land

Est. Annual Taxes

$6,490

Year Built

1920

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Land
  • ResoLotFeatures: Curbing, Finished Road, Sidewalks
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Acreage: 0.12
  • General Property Info Lot Dimensions: 35 x 145; 35 x 90
  • Location Middle School: Spring Lake Heights
  • WaterSewer Public Sewer On-Site: Yes
  • WaterSewer Public Water on Site: Yes
  • WaterSewer Public Water: Yes
  • WaterSewer Public Sewer at Street: Yes
  • WaterSewer Public Water at Street: Yes
  • Electric At Street2: Yes
  • Gas At Street3: Yes
  • Gas On Site3: Yes
  • Electric On Site2: Yes
  • Out Buildings Shed2: Yes
  • Location Near Country Club: Yes
  • Special Features: None
  • Year Built (Public Record): 1920

Exterior Features

  • Acres: 0.12
  • Waterfront: No

Schools

  • Middle Or Junior School: Spring Lake Heights

Lot Info

  • Lot Dimensions: 35 x 145; 35 x 90
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 48-00023-0000-00031-01
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

MLS Schools

  • High School: Manasquan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 7, 2025
Sold by
557-559 Ocean Rd Llc
Bought by
Wadewitz Thomas and Kapral Donna Jean
Total Days on Market
84
Current Estimated Value
$3,321,605

Purchase Details

Closed on
Jun 6, 2023
Sold by
557-559 Ocean Rd Llc
Bought by
557-559 Ocean Rd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,893,750
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 27, 2022
Closed on
Oct 13, 2022
Sold by
Maccanico Randolph and Maccanico Carol
Bought by
557-559 Ocean Rd Llc
Seller's Agent
Cynthia Gelay
Coldwell Banker Realty
Buyer's Agent
NON MEMBER
VRI Homes
List Price
$750,000
Sold Price
$675,000
Premium/Discount to List
-$75,000
-10%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
81.23%
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
Wadewitz Thomas $3,200,000 Surety Title
557-559 Ocean Rd Llc -- None Listed On Document
557-559 Ocean Rd Llc $675,000 Acres Land Title
557-559 Ocean Rd Llc $675,000 Acres Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 557-559 Ocean Rd Llc $1,893,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $675,000 -10.0% --
09/17/2022 09/17/22 For Sale $750,000 0.0% --
08/19/2022 08/19/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $750,000 -- --
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 $6,490 $632,600 $632,600 $0
2023 $6,490 $579,500 $486,700 $92,800
2022 $5,009 $456,000 $337,600 $118,400
2021 $5,009 $400,700 $293,100 $107,600
2020 $5,307 $390,800 $293,100 $97,700
2019 $5,323 $388,000 $293,100 $94,900
2018 $5,028 $356,600 $268,800 $87,800
2017 $4,835 $355,500 $268,800 $86,700
2016 $5,110 $371,100 $268,800 $102,300
2015 $4,720 $343,800 $244,100 $99,700
2014 $4,608 $343,100 $244,100 $99,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Cynthia Gelay

    Coldwell Banker Realty

    (908) 618-0547

    1 in this area

    24 Total Sales

    Cynthia Gelay
    Section Image

  • N

    Buyer's Agent in 2022

    NON MEMBER

    VRI Homes

  • N

    Buyer's Agent in 2022

    NON MEMBER MORR

    NON MEMBER

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22216197

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 48-00023-0000-00031-01

New Jersey Monmouth County Spring Lake Heights 07762

557-559 Ocean Rd, Spring Lake Heights, NJ

This home is located at 557-559 Ocean Rd, Spring Lake Heights, NJ 07762 since 27 May 2022 and is currently estimated at $3,321,605. This property was built in 1920. 557-559 Ocean Rd is a home located in Monmouth County with nearby schools including Spring Lake Heights Elementary School, The Brookside School, and St. Catharine 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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