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114 View Ln

Lebanon Twp., NJ 08826
  • $1,699,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 3792373
UPDATED: 13 min ago
$1,699,000
  • 5
    BEDS
  • 7.45
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Single-Family Home
Built:
1981
County:
Area:

School Ratings & Info

Description

This high-income generating Luxury Boutique short-term Vacation Rental is on a Picturesque Mediterranean Compound that hosts celebrities, weddings & corporate events generating over $3,000-$10,000 per day minimum with a total of $250k-$260k annually, as of now, on VRBO with an NOI of $185k-$190k scheduled for the 2022 calendar year and growing each year. Lots of supporting documents and proforma. Currently only renting out 30% of total calendar available as it is owner-occupied most of the year. Trailing 48 months financials available. Zoned as a rental, there is an extra building available to expand this property with vendors. Rentals can easily gross over $300k annually as the owner lives here most of the year. The main house sits up a long private driveway high up on a ridge overlooking the Lake of Spruce Run Recreation. Designed with nature in mind both indoors and outdoors are breathtaking, with wide open living spaces of timeless & modern features, massive pool area, gourmet kitchen. A separate matching heated building that is 1,800 sqft with 14' tall unobstructed ceilings. New kitchen bathrooms, roof, water treatment system, and electrons service. Shown as a 5 Bdrm due to master bedroom addition it is sold as a legal 4bdrm house & septic. SEE BUSINESS LISTING MLS# 3799400

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Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Michele Klug Team | Keller Williams Towne Square Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Michele Klug Team | Keller Williams Towne Square Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-08-18T12:47:08.737.
www.micheleklug.com/homes/130353943
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114 View Ln Lebanon Twp., NJ 08826

  • Price: $1,699,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 13 min ago
  • MLS #: 3792373
5
Beds
3
Baths
0
½ Baths
7.45
Acres
1981
Built
County:
Hunterdon
Area:
Lebanon Twp.
Property Description
This high-income generating Luxury Boutique short-term Vacation Rental is on a Picturesque Mediterranean Compound that hosts celebrities, weddings & corporate events generating over $3,000-$10,000 per day minimum with a total of $250k-$260k annually, as of now, on VRBO with an NOI of $185k-$190k scheduled for the 2022 calendar year and growing each year. Lots of supporting documents and proforma. Currently only renting out 30% of total calendar available as it is owner-occupied most of the year. Trailing 48 months financials available. Zoned as a rental, there is an extra building available to expand this property with vendors. Rentals can easily gross over $300k annually as the owner lives here most of the year. The main house sits up a long private driveway high up on a ridge overlooking the Lake of Spruce Run Recreation. Designed with nature in mind both indoors and outdoors are breathtaking, with wide open living spaces of timeless & modern features, massive pool area, gourmet kitchen. A separate matching heated building that is 1,800 sqft with 14' tall unobstructed ceilings. New kitchen bathrooms, roof, water treatment system, and electrons service. Shown as a 5 Bdrm due to master bedroom addition it is sold as a legal 4bdrm house & septic. SEE BUSINESS LISTING MLS# 3799400
Exterior Features

Approximate Lot Size 7.45 Exterior Description Stucco Exterior Features BarbequeDeckHottubOpenprchOutbld/SOutdrkitPatioFencprivThrmlw&D Garage Description Attached GarageGarage Door OpenerOversize Garage Lot Description Lake/Water ViewOpen LotPond On LotPrivate Road Number Of Parking Spaces 10 Parking Driveway Description 1 Car WidthAdditional ParkingConcreteDriveway-ExclusiveParking Lot-Exclusive Pool Yes Pool Description In-Ground PoolOutdoor Pool Primary Style Mediterranean Roof Description Asphalt Shingle Style Mediterranean

Interior Features

Appliances Carbon Monoxide DetectorCooktop - InductionDishwasherDryerHot TubKitchen Exhaust FanMicrowave OvenRange/Oven-GasRefrigeratorSee RemarksSelf Cleaning OvenSump PumpWasherWine Refrigerator Basement Yes Basement Description Partial Basement Level Rooms Storage RoomUtility Room Bedroom1 Dimensions 14X25 Bedroom1 Level Second Bedroom2 Dimensions 14X14 Bedroom2 Level Second Bedroom3 Dimensions 14X13 Bedroom3 Level Second Bedroom4 Dimensions 14X13 Bedroom4 Level Second Cooling 3 UnitsCentral AirHeatpump Den Dimensions 14X14 Den Level First Dining Area Formal Dining Room Dining Room Dimensions 24X17 Dining Room Level First Exclusions Owner's Personal Property. Family Room Dimensions 24X25 Family Room Level First Fireplace Description Great RoomLiving RoomWood Burning Flooring MarbleStoneWood Heating 3 UnitsForced Hot AirHeat PumpMulti-Zone Interior Features BardryBarwetCeilbeamCodetectAlrmfireCeilhighSecursysSmokedetSoaktubStallshwStereosyWlkincls Kitchen Area Center IslandEat-In KitchenPantrySee RemarksSeparate Dining Area Kitchen Dimensions 28X20 Kitchen Level First Level1 Rooms BathmainDenDiningrmFamilyrmFoyerGameroomGarenterGreatrmKitchenLaundryLivingrmOfficePantryRecroomSeeremWalkout Level2 Rooms 4+BedrmsBathmainBathothrPorchSeeremWalkout Living Room Dimensions 14X24 Living Room Level First Master Bath Features Soaking TubStall Shower Master Bedroom Description Dressing RoomFull BathWalk-In Closet Number Of Fireplaces 2 Number Of Rooms 11 Other Room1 Foyer Other Room1 Dimensions 10X24 Other Room1 Level First Other Room2 Laundry Room Other Room2 Dimensions 8X15 Other Room2 Level First Other Room3 Office Other Room3 Dimensions 14X9 Other Room3 Level First Other Room4 Pantry Other Room4 Level First Pets Allowed Yes

Property Features

Assessment Total 950000 Block Identifier 10 Building Assessment 810400 Community Living No Complex Amenities Billiards RoomJogging/Biking PathPool-OutdoorStorage Easement Unknown Fha Age Restricted No Fuel Type See Remarks Handicap Modified No In Law Suite No Land Assessment 139600 Renovated Year 2019 Sewer Septic Sub Property Type Single Family Tax Amount 17545 Tax Rate Amount 2.465 Tax Year 2021 Utilities All Underground Water Well Water Heater See Remarks Year Built Description Renovated

Listing information © 2022 Garden State Multiple Listing Service,LLC.
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Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Michele Klug Team | Keller Williams Towne Square Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Michele Klug Team | Keller Williams Towne Square Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-08-18T12:47:08.737.
 
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