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16 Salem Avenue, Spring Lak...

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

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

16 Salem Avenue, Spring Lake, NJ 07762

$3,600,000

$1,007/SF

Building Size

3,575 SF

Asset Type

Single Family Residence

Closing

May 14, 2020

AI

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

Broker

$29.2M

vol

9 deals

Broker

Spring Lake Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93