21 TuttleSpring Lake, NJ 07762

  • Hospitality properties
  • 7,962 SF
Off market
$6,992,348 Estimated

Property Details for 21 Tuttle

Year built
1888
Construction
FRAME
Lot size
0.26 AC
Property size (Sq ft)
7,962 SF
Property type
Hospitality properties
Property subtype
Bed & breakfasts
APN
47 00107-0000-00013
APU
4700107000000013

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,671,665
    6.5%
    $1,543,076
    7%
    $1,432,856
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,444,740
    Geo Method
    $2,444,740
  • Alternative Use

    Use
    Valuation
    Residential
    $1,684,590
    Hospitality
    $1,543,076
    Educational
    $1,283,821
    Medical
    $1,327,973
    Retail
    $1,997,054
21 Tuttle, Spring Lake, New Jersey

Location Insight

City
Spring Lake
County
Monmouth
State
New Jersey
Latitude
40.1585
Longitude
-74.0224
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $1,645,500
  • Assessed land value
    $4,133,300
  • Assessed value
    $5,778,800
  • Tax year
    2022
  • Tax bill
    $29,343

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