104 SalemSpring Lake, NJ 07762

  • Hospitality properties
  • 10,125 SF
Off market
$5,277,778 Estimated

Property Details for 104 Salem

Year built
1888
Construction
FRAME
Lot size
0.40 AC
Property size (Sq ft)
10,125 SF
Property type
Hospitality properties
Property subtype
Bed & breakfasts
APN
47 00030-0000-00018- 01
APU
470003000000001801

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,125,821
    6.5%
    $1,962,296
    7%
    $1,822,132
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,108,891
    Geo Method
    $3,108,891
  • Alternative Use

    Use
    Valuation
    Residential
    $2,142,258
    Hospitality
    $1,962,296
    Educational
    $1,632,608
    Medical
    $1,688,756
    Retail
    $2,539,612
104 Salem, Spring Lake, New Jersey

Location Insight

City
Spring Lake
County
Monmouth
State
New Jersey
Latitude
40.144
Longitude
-74.0275
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $1,562,700
  • Assessed land value
    $2,799,100
  • Assessed value
    $4,361,800
  • Tax year
    2022
  • Tax bill
    $21,932

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