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Alfredo Perez & Kathleen Kopp Perez Acquire SFR In Spring Lake, NJ For $3.6M

Property Image
SOLD
$3,600,000
Marianne Dowling
Joanne Reilly

New Jersey

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Single Family Residence3,575 SF
Sold 05/14/2020
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Property Image
SOLD

Alfredo Perez & Kathleen Kopp Perez Acquire SFR In Spring Lake, NJ For $3.6M

16 Salem Avenue, Spring Lake, NJ 07762

See Similar Deals
Single Family Residence3,575 SF
Sold 05/14/2020
Marianne Dowling
Joanne Reilly
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$1,007
Total Square Footage:3,575 SF
Transaction Type:Sale

A single-family home located at 16 Salem Avenue in Spring Lake, NJ, has recently been sold. The property, with a total area of 3,575 square feet, was sold for a price of $3,600,000. The transaction took place on May 14, 2021, and the buyers are Alfredo Perez and Kathleen Kopp Perez. The seller of the property is Andrew Sleeman.

Summary of transaction details

  • Property Type: Single Family Home
  • Sale Price: $3,600,000
  • Address: 16 Salem Avenue, Spring Lake, NJ
  • Market: Spring Lake, NJ

The brokers involved in this transaction are Joanne L Reilly from DianeTurton.RealtorsSpringLake and Marianne Dowling. Joanne L Reilly represents the buyers Alfredo Perez and Kathleen Kopp Perez in the deal.

The property was listed with an asking price of $3,699,000, and it was ultimately sold for $3,600,000, resulting in a price per square foot of $1,007.

Players

Joanne Reilly
Diane Turton, Realtors
Joanne Reilly
9 deals$29.2M volume
BROKER
Marianne Dowling
Marianne Dowling
1 deal$3.6M volume
BROKER

Details

SOLD
IMAGE: Joanne L. Reilly & Marianne Dowling DATE: 05/14/2021 ADDRESS: 16 Salem Avenue MARKET: Spring Lake, NJ ASSET TYPE: SFR BUYER: Alfredo Perez & Kathleen Kopp Perez SELLER: Andrew Sleeman BROKERS: Joanne L Reilly @DianeTurton.RealtorsSpringLake, @DianeTurtonRealtors.com & Marianne Dowling ASKING PRICE: $3,699,000 SALE PRICE: $3,600,000 SF: 3,575 ~ PPSF: $1,007

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04