NOT LISTED FOR SALE

7 Ludlow Ave Spring Lake, NJ 07762

Estimated Value: $7,504,000 - $9,025,000

4 Beds
3.5 Baths
2,438 Sq Ft
$3,365/Sq Ft Est. Value

Last Sold November 24, 2020

Last sale price $5,200,000 $2,133 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $45,754/month

145 Days on Market

Highlights

  • Ocean View
  • 0.52 Acre Lot
  • 1 Fireplace
  • Oceanside
  • Colonial Architecture
  • Corner Lot

About This Home

As of November 2020

Prime location in Spring Lake! 150 x 150 lot with Oceanviews. 4 bedroom 3.5 bath Colonial with formal dining room large living room and sun porch. One bedroom suite has private entrance. Update existing home or build new on this spectacular location!

Last Agent to Sell the Property

Lauren Gill

Diane Turton, Realtors-Spring Lake License #9805901 Listed on: 05/17/2020

Diane Turton, Realtors-Spring Lake

Last Buyer's Agent

Mary Goss

Chris Smith Realty License #0448495

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,455

Year Built

  • Built in 1950

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 150 x 150
  • Fenced
  • Corner Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Ocean Views
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Oceanside
  • Patio

Schools

  • H. W. Mountz Elementary And Middle School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: Personal Items
  • Assessor Parcel Number 47-00108-0000-00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,455

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Corner Lot, Oceanside
  • Subdivision Name: None
  • Architectural Style: Colonial
  • Year Built: 1950
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Acreage: 0.52
  • General Property Info Lot Dimensions: 150 x 150
  • Location Middle School: H. W. Mountz
  • Lot Description Corner Lot: Yes
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info # Fireplaces: 1.0
  • Exterior Sprinkler Under: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.52
  • Waterfront Features: Oceanview
  • Waterfront: No
  • Exclusions: Personal Items
  • Exterior Features: Fence, Patio, Sprinkler Under

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Driveway
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air
  • 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: 150 x 150
  • Lot Size Sq Ft: 22651.2
  • Parcel #: 47-00108-0000-00007

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 25455.0

MLS Schools

  • Elementary School: H. W. Mountz

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2020
Closed on
Nov 23, 2020
Sold by
The Pearce Family Partnership
Bought by
Adragna Nicholas and Adragna Christina
Seller's Agent
Lauren Gill
Diane Turton, Realtors-Spring Lake
Buyer's Agent
Mary Goss
Chris Smith Realty
List Price
$6,495,000
Sold Price
$5,200,000
Premium/Discount to List
-$1,295,000
-19.94%
Current Estimated Value
$8,203,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,003,543
Avg. Annual Appreciation
9.75%
Original Mortgage
$2,940,000
Outstanding Balance
$2,576,963
Interest Rate
2%
Mortgage Type
New Conventional
Estimated Equity
$5,626,580
Source: Public Records

Range of Values:

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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
Adragna Nicholas $5,200,000 Counsellors Title Agency Inc
Adragna Nicholas $5,200,000 Counsellors Title
The Pearce Family Partnership -- Counsellors Title Agency Inc
Pearce Family Partnership -- Counsellors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adragna Nicholas $2,940,000
Closed Adragna Nicholas $2,940,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2020 11/24/20 Sold $5,200,000 -12.6% $2,133 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
08/07/2020 08/07/20 Price Changed $5,950,000 -8.4% $2,441 / Sq Ft
05/17/2020 05/17/20 For Sale $6,495,000 -- $2,664 / 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
2025 $28,673 $7,367,500 $6,558,200 $809,300
2024 $28,657 $5,863,500 $5,812,000 $51,500
2023 $28,657 $5,697,200 $5,646,900 $50,300
2022 $25,514 $5,181,400 $5,133,500 $47,900
2021 $25,514 $4,252,300 $4,209,000 $43,300
2020 $25,750 $4,166,600 $4,125,000 $41,600
2019 $25,455 $4,040,400 $4,000,000 $40,400
2018 $25,367 $4,039,400 $4,000,000 $39,400
2017 $25,274 $4,037,300 $4,000,000 $37,300
2016 $20,874 $3,056,200 $2,609,800 $446,400
2015 $21,332 $3,056,200 $2,609,800 $446,400
2014 $20,966 $3,056,200 $2,609,800 $446,400
Source: Public Records

Agents Affiliated with this Home

  • Lauren Gill

    Seller's Agent in 2020

    Lauren Gill

    Diane Turton, Realtors-Spring Lake

    (732) 996-4865

    5 in this area

    97 Total Sales

    Lauren Gill
    Section Image
  • Mary Goss

    Buyer's Agent in 2020

    Mary Goss

    Chris Smith Realty

    (732) 610-1477

    4 in this area

    31 Total Sales

    Mary Goss
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22015425

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00108-0000-00007

New Jersey Monmouth County Spring Lake 07762

7 Ludlow Ave, Spring Lake, NJ

This home is located at 7 Ludlow Ave, Spring Lake, NJ 07762 since 17 May 2020 and is currently estimated at $8,203,543, approximately $3,364 per square foot. This property was built in 1950. 7 Ludlow Ave is a home located in Monmouth County with nearby schools including St. Catharine School and St Rose 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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