NOT LISTED FOR SALE

The Essex and Sussex 700 Ocean Ave Unit 506 Spring Lake, NJ 07762

Estimated Value: $678,000 - $972,737

1 Bed
1 Bath
650 Sq Ft
$1,336/Sq Ft Est. Value

Last Sold March 23, 2022

Last sale price $725,000 $1,115 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,485/month

50 Days on Market

Highlights

  • Senior Community
  • Balcony
  • Forced Air Heating and Cooling System
  • Waterfront
  • Handicap Accessible
  • 1-Story Property

About This Home

As of March 2022

Ocean front living at the luxurious Essex and Sussex in Spring Lake ! This top floor unit with sweeping spectacular ocean views is one of the most desirable units in the entire historic building. Ocean front living at it's finest. This one won't last !

Last Agent to Sell the Property

Megan Gepp

C21/ Danskin Realty License #1756271 Listed on: 01/31/2022

Last Buyer's Agent

David Paul Angelini

C21/ Danskin Realty License #1109077

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,596

Lot Details

  • 436 Sq Ft Lot
  • Waterfront

HOA Fees

  • $1,565 Monthly HOA Fees

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 650 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • H. W. Mountz Elementary And Middle School

Utilities

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

Additional Features

  • Handicap Accessible
  • Balcony
  • Upper Level

Community Details

  • Senior Community
  • The Essex&Sussex Subdivision

Listing and Financial Details

  • Assessor Parcel Number 47-00043-0000-00001-506

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,596

Lot Details

0

HOA Fees

$1,565 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Adult Community
  • Subdivision Name: The Essex&Sussex
  • Architectural Style: Upper Level
  • Property Attached Yn: Yes
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • Style Attached2: Yes
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • General Property Info Acreage: 0.01
  • Location Middle School: H. W. Mountz
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Stories: 1
  • Basement:None2: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.01
  • Waterfront: Yes
  • Exterior Features: Balcony

Garage/Parking

  • Garage: No
  • 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:Forced Air: Yes

Condo/Co-op/Association

  • Association Fee: 1565.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Size Sq Ft: 435.6
  • Parcel #: 47-00043-0000-00001-506

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3596.0

MLS Schools

  • Elementary School: H. W. Mountz

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2022
Closed on
Mar 15, 2022
Sold by
Karen Golding
Bought by
Scardino Cosmo and Scardino Linda
Seller's Agent
Megan Gepp
C21/ Danskin Realty
Buyer's Agent
David Paul Angelini
C21/ Danskin Realty
List Price
$725,000
Sold Price
$725,000
Current Estimated Value
$847,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,117
Avg. Annual Appreciation
3.61%
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
Scardino Cosmo $725,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scardino Cosmo $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2022 03/23/22 Sold $725,000 0.0% $1,115 / Sq Ft
03/22/2022 03/22/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $725,000 0.0% $1,115 / Sq Ft
02/28/2022 02/28/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $725,000 -- $1,115 / 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
2024 $3,656 $832,700 $707,200 $125,500
2023 $3,656 $726,900 $557,700 $169,200
2022 $3,596 $667,600 $531,100 $136,500
2021 $3,596 $599,400 $474,500 $124,900
2020 $3,362 $544,000 $422,500 $121,500
2019 $3,423 $543,300 $422,500 $120,800
2018 $3,411 $543,100 $422,500 $120,600
2017 $3,257 $520,300 $406,300 $114,000
2016 $3,247 $475,400 $394,400 $81,000
2015 $3,186 $456,400 $375,400 $81,000
2014 $2,814 $410,200 $329,200 $81,000
Source: Public Records

Agents Affiliated with this Home

  • Megan Gepp

    Seller's Agent in 2022

    Megan Gepp

    C21/ Danskin Realty

    (732) 539-4901

    1 in this area

    8 Total Sales

    Section Image
  • David Paul Angelini

    Buyer's Agent in 2022

    David Paul Angelini

    C21/ Danskin Realty

    (732) 685-3146

    1 in this area

    18 Total Sales

    Section Image
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About The Essex and Sussex

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22202545

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00043-0000-00001-506

New Jersey Monmouth County Spring Lake 07762

700 Ocean Ave Unit 506, Spring Lake, NJ

This home is located at 700 Ocean Ave Unit 506, Spring Lake, NJ 07762 since 31 January 2022 and is currently estimated at $868,684, approximately $1,336 per square foot. 700 Ocean Ave Unit 506 is a home located in Monmouth County with nearby schools including 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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