Updated Oct 29, 2024
Premier Homes' Brian A. Martinez Represents AllertonFox Construction In $4.4M SFR Sale, Spring Lake
420 Ludlow Ave Spring Lake, NJ 07762, USA
$4,367,000
$913/SF
Building Size
4,780 SF
Asset Type
Single Family Residence
Closing
Jul 20, 2023
About this deal
AI
A stunning single-family home located at 420 Ludlow Avenue in the desirable market of Spring Lake has recently been sold. This spacious property spans across 4,780 square feet, offering ample space for comfortable living. The home boasts a sale price of $4,367,000, surpassing the initial asking price of $3,995,000 by an impressive $372,000. With a price per square foot of $914, this transaction highlights the high value and desirability of the property.
Summary of Transaction Details:
- Property Type: SFR
- Transaction Amount: $4,367,000
- Market: Spring Lake
- Address: 420 Ludlow Avenue
- Square Footage: 4,780
- Asking Price: $3,995,000
- Price Per Square Foot: $914
This successful sale was conducted by Brian A. Martinez of Premier Homes, who served as the broker representing AllertonFox Construction, the seller. Remarkably, Brian's role in this transaction has earned him recognition for achieving the highest residential sale by a 19-year-old in the entire United States. Within a remarkably short period of under three weeks, a contract was secured for the property, demonstrating Brian's exceptional skills in the real estate market. To connect with Brian and explore buying or selling opportunities, he can be reached at (908) 265-3276 or via email at [email protected].
Market 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
3.63%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93