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Sold for $830,000 on 01/12/24
  • $830,000

    700 Ocean Ave UNIT 539, Spring Lake, NJ 07762

    1beds
    624sqft
    Condominium
    Built in 2002
    -- sqft lot
    $897,600 Zestimate®
    $1,330/sqft
    $3,144 Estimated rent

    Home value

    $897,600

    $844,000 - $960,000

    $3,144/mo

    Zestimate® history
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    What's special

    Welcome to the Essex and Sussex Spring Lake Community, where history and luxury converge in a stunning oceanfront setting. This condominium, once a grand hotel, has evolved into a unique residence that stands apart from the rest. Located on the 5th floor, this end-unit condo offers unparalleled views of the Atlantic Ocean to the east and Spring Lake to the west, creating an exquisite backdrop for any occasion. Amidst over 100 units, this is the ONLY ONE currently available for sale on the 5th floor, making it a truly rare gem. The uniqueness extends to its private balcony, providing the rare privilege of enjoying both ocean and lake vistas. Inside, you'll find a meticulously designed space featuring 9-foot ceilings, an elegant built-in armoire, and an upgraded heat pump, just one year old, complemented by ceiling radiant heat and an electric fireplace. The master suite is a sanctuary of opulence, featuring an Italian Valenti floating vanity. Imported Italian marble floors and granite countertops adorn the entire unit, adding an extra layer of sophistication. This condo also boasts the convenience of an adjacent storage room, a coveted feature. The condo association fee of $1,850/month covers a comprehensive list of amenities, including water, sewer, trash, snow removal, heat, electricity, basic cable, and valet parking services. Stay fit in the well-equipped gym, enjoy nearby beach access, and take advantage of the secure bike parking. Additionally, revel in the building's offerings, such as a full bar and restaurant with live entertainment, a library, separate lounges for men and women, a ping pong room, and a bistro with a full kitchen, where complimentary coffee and tea await. While cooking isn't allowed inside the condo units, there's a $410 monthly food minimum for the on-site restaurant. Pet enthusiasts will appreciate that this property is pet-friendly for pets up to 35 pounds. Laundry is a breeze with designated laundry areas on each floor, featuring 2 washers and 2 dryers, along with a commercial washer and dryer on the 1st floor for larger items. The convenience extends to optional housekeeping services, offering assistance with changing sheets, laundry, cleaning, and more. Mark your calendar for showings beginning on Saturday, September 23, 2023. Don't miss the opportunity to call this exceptional Essex and Sussex Spring Lake condo your home, where timeless elegance meets modern convenience.

    Zillow last checked: 8 hours ago

    Listing updated: January 12, 2024 at 11:52am

    Listed by:

    Carlo Drogo SR. 856-692-4368,

    EXP Realty, LLC,

    Listing Team: The Expert Sales Team

    Bought with:

    Edward Szumski, SP1644256

    BHHS Fox & Roach Spring Lake

    Source: Bright MLS,MLS#: NJMM2001964MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Basement
    • Area: 0
    Heating
    • Heat Pump, Other
    Cooling
    • Heat Pump, Other
    Appliances
    • Included: Water Heater
    • Laundry: Has Laundry, Common Area, Shared
    Features
    • Flooring: Ceramic Tile, Marble
    • Has basement: No
    • Number of fireplaces: 1
    • Fireplace features: Electric
    Interior area
    • Total structure area: 624
    • Total interior livable area: 624 sqft
    • Finished area above ground: 624
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Attendant, Paved, Public, Other
    Accessibility
    • Accessibility features: Accessible Elevator Installed
    Features
    • Levels: Five
    • Stories: 5
    • Pool features: None
    • Spa features: Indoor
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 470004300001 539
    • Zoning: CSSC
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Other
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Other
    Condition
    • Excellent
    • New construction: No
    • Year built: 2002

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Senior living
    • Senior community: Yes
    Location
    • Region: Spring Lake
    • Subdivision: None Available
    • Municipality: SPRING LAKE BORO

    HOA & financial

    HOA
    • Has HOA: No
    • Amenities included: Bar/Lounge, Beach Access, Beach Club, Common Grounds, Community Center, Concierge, Elevator(s), Fitness Center, Gated, Laundry, Library, Recreation Facilities, Reserved/Assigned Parking, Other
    • Services included: Cable TV, Water, Sewer, Trash, Snow Removal, Electricity, Parking Fee, All Ground Fee, Common Area Maintenance, Laundry, Maintenance Grounds, Management
    • Association name: Essex And Sussex Condominium Association
    Other fees
    • Condo and coop fee: $1,850 monthly

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,Private Financing Available
    • Ownership: Condominium

    Price history

    DateEventPrice
    1/12/2024Sold$830,000-7.3%$1,330/sqft
    Source: Bright MLS #NJMM2001964
    11/7/2023Pending sale$895,000$1,434/sqft
    Source: MoreMLS #22326230
    9/18/2023Listed for sale$895,000+72.1%$1,434/sqft
    Source: Bright MLS #NJMM2001964
    9/7/2017Sold$520,000-13.3%$833/sqft
    Source: MoreMLS #21712959
    6/15/2017Pending sale$599,900$961/sqft
    Source: Coldwell Banker Residential Brokerage - Rumson/Fair Haven Office #21712959

    Public tax history

    YearProperty taxesTax assessment
    2024$3,252 +16%$665,100 +19.3%
    2023$2,803 +1.8%$557,300 +4.7%
    2022$2,753 -11.2%$532,400 +3%

    Find assessor info on the county website

    Neighborhood: 07762

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Spring Lake Borough

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $897,600
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    $915,552