NOT LISTED FOR SALE

The Essex and Sussex 700 Ocean Ave Unit 538 Spring Lake, NJ 07762

Estimated Value: $523,000 - $811,000

1 Bed
1 Bath
495 Sq Ft
$1,386/Sq Ft Est. Value

Last Sold September 26, 2021

Last sale price $499,999 $1,010 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,293/month

2 Days on Market

Highlights

  • Ocean View
  • Active Adult
  • Marble Flooring
  • Fitness Center
  • Oceanside
  • Balcony

About This Home

As of September 2021

Wonderful, spacious, bright and inviting end unit with TWO balconies! Now available at this upscale 55+ Adult Community in Spring Lake located on the Atlantic Ocean. The western facing extra large private balcony offers winter views of the lake in Spring Lake and the 2nd private balcony has unobstructed Ocean views. 1 Bedroom, 1 bathroom plus a dining area and a walk-in closet. This special condo is waiting for you. The E&S has many fine amenities. 24 hour concierge service, valet parking, beach access, fine dining and more. Come check out the lifestyle at the Essex & Sussex. The lifestyle that you deserve!

Last Agent to Sell the Property

Patricia Brady

Keller Williams Realty Ocean Living Listed on: 06/10/2021

Last Buyer's Agent

Patricia Brady

Gloria Nilson & Co. Real Estate

Gloria Nilson & Co. Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,766

Year Built

  • Built in 2002

Lot Details

  • 436 Sq Ft Lot

HOA Fees

  • $1,466 Monthly HOA Fees

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Light Fixtures
  • Window Screens
  • Marble Flooring
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Common or Shared Parking
  • Off-Street Parking

Outdoor Features

  • Oceanside
  • Balcony
  • Exterior Lighting

Schools

  • H. W. Mountz Elementary And Middle School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 47-00043-0000-00001-538

Community Details

Overview

  • Active Adult
  • Association fees include trash, electricity, common area, rec facility, sewer, snow removal, water, gas
  • The Essex&Sussex Subdivision

Amenities

  • Common Area
  • Recreation Room

Recreation

  • Snow Removal

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Guard

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,766

Year Built

Built in 2002

Lot Details

0

HOA Fees

$1,466 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Adult Community
  • ResoLotFeatures: Oceanside
  • ResoSecurityFeatures: Security Guard
  • Reso Association Amenities: Exercise Room, Common Area
  • Reso Association Fee Includes: Trash, Electricity, Common Area, Rec Facility, Sewer, Snow Removal, Water, Gas
  • Inclusions: Outdoor Lighting, Light Fixtures, Microwave, Refrigerator, Screens
  • Subdivision Name: The Essex&Sussex
  • Reso Flooring: Marble
  • Property Attached Yn: Yes
  • Year Built: 2002
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • Style Attached2: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • Common Elements Common Area: Yes
  • Common Elements Exercise Room: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Rec Facility: 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
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Included Light Fixtures: Yes
  • Included Outdoor Lighting: Yes
  • Included Screens: Yes
  • Common Elements Security Guard: Yes
  • Floors Marble: Yes
  • Fee Includes Electricity3: Yes
  • Living Room Floor - Marble6: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Stories: 1
  • Basement:None2: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave: Yes
  • Primary Bath Floor - Marble2: Yes
  • Primary Bedroom Floor - Marble3: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.01
  • Waterfront Features: Oceanview
  • Waterfront: No
  • Exterior Features: Balcony

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Common, Off Street
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • GarageParking:Common: 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 Fee: 1466.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

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

Schools

  • Middle Or Junior School: H. W. Mountz

Lot Info

  • Lot Size Sq Ft: 435.6
  • Parcel #: 47-00043-0000-00001-538
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2766.0

MLS Schools

  • Elementary School: H. W. Mountz

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Sep 23, 2021
Sold by
York Sally Musler and York Sally Lynn
Bought by
Neel Richard
Seller's Agent
Patricia Brady
Keller Williams Realty Ocean Living
Buyer's Agent
Patricia Brady
Gloria Nilson & Co. Real Estate
List Price
$499,900
Sold Price
$499,999
Premium/Discount to List
$99
0.02%
Current Estimated Value
$686,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,221
Avg. Annual Appreciation
7.83%

Purchase Details

Listed on
Jun 10, 2021
Closed on
Aug 11, 2021
Sold by
Huntington Patricia Ann and Estate Of Deborah A Post
Bought by
York Sally Musler
Seller's Agent
Patricia Brady
Keller Williams Realty Ocean Living
Buyer's Agent
Patricia Brady
Gloria Nilson & Co. Real Estate
List Price
$499,900
Sold Price
$499,999
Premium/Discount to List
$99
0.02%

Purchase Details

Listed on
Jul 1, 2019
Closed on
Sep 9, 2019
Sold by
Ruggeri Dianne E
Bought by
Post Deborah
Seller's Agent
Diane Whittle
Berkshire Hathaway HomeServices Fox & Roach - Sea Girt
Buyer's Agent
Patricia Brady
Gloria Nilson & Co. Real Estate
Sold Price
$511,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.06%

Purchase Details

Listed on
Jul 1, 2019
Closed on
Jul 25, 2019
Sold by
Ruggeri Dianne E and Veneziano Renee Rose
Bought by
Ruggeri Dianne E
Seller's Agent
Diane Whittle
Berkshire Hathaway HomeServices Fox & Roach - Sea Girt
Buyer's Agent
Patricia Brady
Gloria Nilson & Co. Real Estate
Sold Price
$511,000

Purchase Details

Listed on
Apr 5, 2017
Closed on
Jan 24, 2018
Sold by
Roseberry Llc
Bought by
Ruggeri Dianne E and Veneziano Renee Rose
Seller's Agent
Justin Eberle
Coldwell Banker Realty
Buyer's Agent
Diane Whittle
Richard I. Wood Agency
Sold Price
$304,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.52%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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
Neel Richard $499,999 Truex Abstract Inc
York Sally Musler -- None Available
Post Deborah $511,000 Goldfinch Title Agency Llc
Ruggeri Dianne E -- Old Republic Natl Ttl Ins Co
Ruggeri Dianne E $304,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/26/2021 09/26/21 Sold $499,999 0.0% $1,010 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $499,900 +25.3% $1,010 / Sq Ft
07/13/2020 07/13/20 Sold $399,000 0.0% $648 / Sq Ft View Prior Sale
07/02/2020 07/02/20 Pending -- -- --
06/01/2020 06/01/20 Price Changed $399,000 -8.3% $648 / Sq Ft
04/20/2020 04/20/20 Price Changed $435,000 -13.3% $706 / Sq Ft
12/17/2019 12/17/19 For Sale $502,000 -1.8% $815 / Sq Ft
09/12/2019 09/12/19 Sold $511,000 +68.1% $830 / Sq Ft View Prior Sale
01/24/2018 01/24/18 Sold $304,000 -- $614 / Sq Ft View Prior Sale
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 $2,615 $573,300 $445,500 $127,800
2024 $2,523 $534,700 $415,800 $118,900
2023 $2,523 $501,600 $322,200 $179,400
2022 $3,068 $507,000 $322,200 $184,800
2021 $3,068 $512,100 $319,600 $192,500
2020 $2,766 $447,500 $272,300 $175,200
2019 $2,341 $371,600 $272,300 $99,300
2018 $2,333 $371,500 $272,300 $99,200
2017 $2,168 $346,300 $252,500 $93,800
2016 $2,975 $435,600 $374,700 $60,900
2015 $2,920 $418,400 $357,500 $60,900
2014 $1,902 $277,200 $216,300 $60,900
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Patricia Brady

    Keller Williams Realty Ocean Living

  • D

    Seller's Agent in 2019

    Diane Whittle

    Berkshire Hathaway HomeServices Fox & Roach - Sea Girt

  • J

    Seller's Agent in 2018

    Justin Eberle

    Coldwell Banker Realty

See All Agents

About The Essex and Sussex

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22118111

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 47-00043-0000-00001-538

New Jersey Monmouth County Spring Lake 07762

700 Ocean Ave Unit 538, Spring Lake, NJ

Not Listed for Sale

MultiFamily

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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