$570,000
SOLD DEC 19, 2024

1007 Preakness Ave Wayne, NJ 07470

3 Beds
2 Baths
1,150 Sq Ft
0.95 Acres

Recently Sold

$496 Per Sq Ft

3% Above List Price

8 Days on Market

Highlights

  • Mountain View
  • Lafayette Elementary School Rated A-
  • Baseboard Heating

About This Home

As of December 2024

Endless possibilities await you! Fantastic .95-acre property! Whether you're looking to customize the existing home, build your dream home, or take advantage of the potential as a rental investment, this is a rare opportunity. The well-built Ranch features 3 bedrooms, renovated bathrooms, an eat-in kitchen, and a cozy Living/Dining area with a fireplace and hardwood floors t/o. A finished basement provides add'l living space, storage, and a laundry area. The home is equipped with multi-zone heating and a 200 Amp electrical system 2021. Car enthusiasts or those needing space for a commercial vehicle will love the oversized garage, accommodating up to 4 cars or 1 commercial truck and 3 cars. The garage measures approximately 25' wide x 37' long x 12.5' high, with a large door (12' x 12') opened manually and a smaller door (9' x 8'). Conveniently located near Whole Foods, Wayne Valley High School, transit options, and major highways. Buyer responsible for well testing.

Last Agent to Sell the Property

Teresa Forte

Keller Williams Prosperity Realty Listed on: 10/23/2024

Keller Williams Prosperity Realty

Last Buyer's Agent

Timothy Fierro

Howard Hanna Rand Realty

Howard Hanna Rand Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,709

Lot Details

  • 0.95 Acre Lot
  • Irregular Lot

Parking

  • 4 Car Garage

Property Views

  • Mountain Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Lafayette Elementary School
  • Anthony Wayne Middle School
  • Wayne Valley High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Additional Features

  • Finished Basement

Listing and Financial Details

  • Legal Lot and Block 00028 / 01119

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,709

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Ranch
  • ResoLotFeatures: Irregular Lot
  • View Type:Pond View: Mountain(s), None
  • Co List Office Phone: 973-696-0077
  • Outside Inclusions: Appliances
  • MLS Status: Sold - Sold
  • Directions: Valley Rd. to Preakness Ave
  • Reso Fireplace Features: 1 Fireplace, Self-start
  • Year Built Details: 1900-1939,2010's,Renovated,Build Prior to 1978
  • PropertySubTypeAdditional: 1 Story
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Partial
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Primary Bathroom: No

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent
  • Construction Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 4.0

Utilities

  • Cooling: Window Unit(s)
  • Heating: Baseboard, Natural Gas

Schools

  • Elementary School: Lafayette E.S.
  • High School: Wayne Valley H.S.
  • Middle Or Junior School: Anthony Wayne
  • Elementary: Lafayette E.S.

Lot Info

  • Lot Size Sq Ft: 41382.0

Tax Info

  • Tax Annual Amount: 10709.0
  • Tax Block: 01119
  • Tax Lot: 00028

MLS Schools

  • High School Text: Wayne Valley H.S.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2024
Closed on
Nov 25, 2024
Sold by
Spicer Peter
Bought by
Fasani Michael
Seller's Agent
Teresa Forte
Keller Williams Prosperity Realty
Buyer's Agent
Timothy Fierro
Howard Hanna Rand Realty
List Price
$555,000
Sold Price
$570,000
Premium/Discount to List
$15,000
2.7%
Views
27
Current Estimated Value
$645,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,153
Avg. Annual Appreciation
18.22%

Purchase Details

Listed on
Jul 6, 2022
Closed on
Oct 12, 2022
Sold by
Kalra Living Trust
Bought by
Spicer Peter
Seller's Agent
Roseanne Fadil
COLDWELL BANKER REALTY
Buyer's Agent
Teresa Forte
KELLER WILLIAMS PROSPERITY REALTY
List Price
$549,900
Sold Price
$555,000
Premium/Discount to List
$5,100
0.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.25%
Original Mortgage
$355,000
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2021
Sold by
Kalra Parmod and Kalra Living Trust
Bought by
Kalra Parmod and Kalra Living Trust

Purchase Details

Closed on
Aug 16, 2017
Sold by
Kalra Chander M and Kalra Parmod
Bought by
Kalra Chander M and Kalra Parmod

Purchase Details

Closed on
Feb 4, 1993
Bought by
Kalra Chander M and Kalra Parmod
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $570,000 First American Title
Bargain Sale Deed $570,000 First American Title
Bargain Sale Deed $570,000 First American Title
Deed $555,000 First American Title
Deed $555,000 First American Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Deed $160,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $355,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2024 12/19/24 Sold $570,000 +2.7% $496 / Sq Ft
10/31/2024 10/31/24 Pending -- -- --
10/23/2024 10/23/24 For Sale $555,000 0.0% $483 / Sq Ft
10/31/2022 10/31/22 Sold $555,000 +0.9% $483 / Sq Ft
07/28/2022 07/28/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $549,900 -- $478 / Sq Ft
Source: New Jersey MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,137 $187,300 $129,100 $58,200
2024 $10,710 $187,300 $129,100 $58,200
2022 $10,403 $184,000 $129,100 $54,900
2021 $10,392 $184,000 $129,100 $54,900
2020 $10,346 $184,000 $129,100 $54,900
2019 $10,146 $184,000 $129,100 $54,900
2018 $10,056 $184,000 $129,100 $54,900
2017 $9,964 $184,000 $129,100 $54,900
2016 $9,824 $184,000 $129,100 $54,900
2015 $9,706 $184,000 $129,100 $54,900
2014 $9,432 $184,000 $129,100 $54,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24034199

New Jersey MLS

APN: 14-01119-0000-00028