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420 Ludlow Ave Spring Lake,...

Updated Oct 29, 2024

Premier Homes' Brian A. Martinez Represents AllertonFox Construction In $4.4M SFR Sale, Spring Lake
SOLDSingle Family Residence

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].

Players

Brian A. Martinez

Premier Homes Pros

Broker

$4.4M

vol

1 deal

Broker

Market Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $913 per square foot on a published $4.4M for 4,780 square feet (2023).

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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

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