New Construction underway at 220 Ludlow Ave in Spring Lake with an estimated completion date for July 2025. The best of all worlds exists when you are just minutes away from gourmet restaurants, pristine beaches or quiet strolls on the boardwalk. Here is your chance to add and create your own vision by selecting your finishes to personalize your dream home. Four spacious levels for easy living and entertaining offering 5/6 bedrooms, 5 1/2 baths and an open concept floor plan that unites the family room, gourmet chef's kitchen and dining area. Wide plank white oak engineered hardwood floors, custom cabinetry & rich millwork throughout are just a few of the interior amenities. The lower level has a exercise room, recreation area, bedroom & full bath. A detached one car garage, saltwater heated gunite pool, outdoor shower and patio complete this home. Any and all possibilities exist in this amazing home, as luxury is meant to be lived in.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$29.2K
Per Month
Principal & Interest
$29.1K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$17.6K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
West Belmar Elementary School
925 17th Ave
Distance between this listing and this school0.95 miles
Public District Grades KG-5
8
/10
Old Mill Elementary School
2119 Old Mill Rd
Distance between this listing and this school1.88 miles
Public District Grades KG-5
3
/10
Shark River Hills Elementary School
312 Brighton Ave
Distance between this listing and this school2.99 miles
Public District Grades PK-5
Nearby Schools
8
/10
H. W. Mountz Elementary School
411 Tuttle Ave
Distance between this listing and this school0.18 miles
Public District Grades PK-8
7
/10
Spring Lake Heights Elementary School
1110 Highway 71
Distance between this listing and this school0.62 miles
Public District Grades PK-8
7
/10
Belmar Elementary School
1101 Main St
Distance between this listing and this school1.29 miles
Public District Grades PK-8
Nearby Schools
1
/10
Academy Charter High School
1725 Main St
Distance between this listing and this school0.82 miles
Public Charter Grades 9-12
4
/10
Wall High School
1630 18th Ave
Distance between this listing and this school1.84 miles
Public District Grades 9-12
10
/10
Communications High School
1740 New Bedford Rd
Distance between this listing and this school1.95 miles
The neighbors living near this home have an average income of $129,375. Residents of Spring Lake, NJ typically earn between $100k-200k each year. Residents typically live in married, no kids family. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 220 Ludlow Ave
What is the listing price of this property?
The listing price of 220 Ludlow Ave property is $5,849,000.
What type of property is this?
The property 220 Ludlow Ave is a house located in Spring Lake, New Jersey, 07762.
Is this property for sale now?
Active Listing: 220 Ludlow Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $9,504 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 220 Ludlow Ave has 5 bedrooms and 5 full and 1 half bathrooms.
Which year was this property built?
The year of construction for 220 Ludlow Ave is 2025.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 220 Ludlow Ave in Spring Lake, NJ and zip code 07762. This home, which was built in 2025, sits on a 0.17 acre lot. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since December 14, 2024 and is currently priced at $5,849,000.
Over 2 listings were sold over their listed price in November 2024 in Spring Lake, NJ. In the same period over 5 listings were sold below the listed price and 2 listings were sold for the listed price. In November 2024 in Spring Lake, NJ there were 19.5% less homes for sale than in October 2024. In November 2024, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $998,249.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
PGA/LPGA
PGA/LPGA
Men's Tennis
Skiing/snowboarding
Chico's
Bloomingdales
Nordstrom
Bonefish Grill
California Pizza Kitchen
Chipotle
Cadillac
Lexus
BMW
Classical
News
Talk/Personality