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10 Salem Avenue, Spring Lak...

Joanne L Reilly & Michelle Schneider Sell SFR In Spring Lake, NJ For $4.45M
SOLDSingle Family Residence

Joanne L Reilly & Michelle Schneider Sell SFR In Spring Lake, NJ For $4.45M

10 Salem Avenue, Spring Lake, NJ 07762

$4,450,000

$1,130/SF

Building Size

3,937 SF

Asset Type

Single Family Residence

Closing

May 24, 2020

AI

A single-family residential property located at 10 Salem Avenue in Spring Lake, NJ, was recently sold. The property was listed by Joanne L Reilly and Michelle Schneider from an undisclosed agency. The asking price for the property was $4,299,000, and it was eventually sold for $4,450,000. The property spans across 3,937 square feet and has a price per square foot of $1,130.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $4,450,000
  • Date: 05/24/2021
  • Market: Spring Lake, NJ
  • Brokers: Joanne L Reilly & Michelle Schneider

The deal was successfully facilitated by Joanne L Reilly and Michelle Schneider, who represented the buyer and seller in this transaction. The specific agency that they work for remains undisclosed. Overall, this transaction highlights the successful sale of a single-family residential property in Spring Lake, NJ.

Players

Joanne Reilly

Diane Turton, Realtors

Broker

$29.2M

vol

9 deals

Broker

Spring Lake Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.56%

Cash-on-Cash

-1.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93