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
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