NOT LISTED FOR SALE

125 Lorraine Ave Montclair, NJ 07043

Estimated Value: $3,138,516 - $3,640,000

7 Beds
7 Baths
5,512 Sq Ft
$626/Sq Ft Est. Value

Last Sold September 15, 2022

Last sale price $3,000,000 $544 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $23,455/month

9 Days on Market

Highlights

  • Heated In Ground Pool
  • 50,682 Sq Ft lot
  • En-Suite Primary Bedroom
  • Bradford School Rated A-
  • Stairway
  • Central Air

About This Home

As of September 2022

Gracious Colonial on over an acre of manicured land w/ putting green & terrace overlooking the heated pool. 5877 square feet of elegance throughout this 7 BR, 5.2 BA home. All new light fixtures and carpet runners, chef's kitchen with center island, high-end appliances, walk-in pantry, butler's pantry, incredible mud room with travertine tile, large, elegant dining room with marble gas fireplace and built-in corner cabinets, large, double living room with fireplace, family room and screened in porch. The second floor has 4+ BR 4 Full BTH, laundry, 2 offices.. Primary BR includes a dressing rm, bath &lots On 3rd FL 3 BR, Full BA, Storage. finished basement with powder rm, 2 W/D, and rec room. Indoor/Outdoor Sonos, Security, CAC, Generator, sprinkler system & nearby NYC transportation. Close to it all in Up. Montclair Village!

Last Agent to Sell the Property

Susan Lovit

Compass New Jersey, LLC-Montclair Listed on: 06/30/2022

Compass New Jersey, LLC-Montclair

Co-Listed By

Dana Schwern

Compass New Jersey, LLC-Montclair

Last Buyer's Agent

Nancy Parlapiano

Coldwell Banker, Upper Montclair

Coldwell Banker, Upper Montclair

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $58,217

Lot Details

  • 1.16 Acre Lot
  • Rectangular Lot

Parking

  • 2 Car Garage

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Pool

Schools

  • Magnet Elementary School
  • Magnet Middle School
  • Montclair High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Radiant Heating System

Additional Features

  • Basement Fills Entire Space Under The House
  • Stairway

Listing and Financial Details

  • Legal Lot and Block 00006 / 03606

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,217

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Regular
  • View Type:Pond View: None
  • Co List Office Phone: 973-310-7360
  • Outside Inclusions: Swingset
  • MLS Status: Sold - Sold
  • Directions: Between Park & Grove Streets
  • Year Built Details: 1900-1939,Build Prior to 1978
  • PropertySubTypeAdditional: Cntr Hl
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full, Grd Lv Acces
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Primary Bathroom: Yes
  • Basement Remarks: Inside Entrance, Lndr Rm, Powder Rm, Rec Rm, Utility, Storage

Exterior Features

  • Pool Features: Gunite, Heated, In Ground, Outdoor Pool
  • Pool Private: Yes
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Exclusions: Dining Room Chandelier
  • Construction Type: Shingle Siding

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air, Zoned, Radiant

Schools

  • Elementary School: Magnet E.S.
  • High School: Montclair H.S.
  • Middle Or Junior School: Magnet
  • Elementary: Magnet E.S.

Lot Info

  • Lot Size Sq Ft: 50682.0

Tax Info

  • Tax Annual Amount: 58217.0
  • Tax Block: 03606
  • Tax Lot: 00006

MLS Schools

  • High School Text: Montclair H.S.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2022
Closed on
Sep 12, 2022
Sold by
Okane John and Okane Kimberly
Bought by
Miller Adam and Slone Alison M
Seller's Agent
Susan Lovit
Compass New Jersey, LLC-Montclair
Buyer's Agent
Nancy Parlapiano
Coldwell Banker, Upper Montclair
List Price
$2,800,000
Sold Price
$3,000,000
Premium/Discount to List
$200,000
7.14%
Views
12
Current Estimated Value
$3,451,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$451,172
Avg. Annual Appreciation
4.65%

Purchase Details

Closed on
Aug 29, 2011
Sold by
Schwartz Lawrence H and Levine Shelley J
Bought by
Hegarty Martin D and Hegarty Allison E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,000
Interest Rate
4.58%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 13, 1996
Sold by
Gray Jackson
Bought by
Schwartz Lawrence and Schwartz Shelley
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 Buyer Sale Price Title Company
Miller Adam -- Evident Title
Hegarty Martin D $1,475,000 Chicago Title Insurance Co
Schwartz Lawrence $750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hegarty Martin D $451,000
Previous Owner Hegarty Martin D $729,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2022 09/15/22 Sold $3,000,000 +7.1% $544 / Sq Ft
07/09/2022 07/09/22 Pending -- -- --
06/30/2022 06/30/22 For Sale $2,800,000 +21.7% $508 / Sq Ft
05/31/2018 05/31/18 Sold $2,300,000 -11.5% $417 / Sq Ft View Prior Sale
05/18/2018 05/18/18 Pending -- -- --
03/01/2018 03/01/18 For Sale $2,599,000 -- $472 / 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 $61,898 $1,831,300 $511,400 $1,319,900
2024 $61,898 $1,831,300 $511,400 $1,319,900
2022 $60,213 $1,831,300 $511,400 $1,319,900
2021 $59,169 $1,831,300 $511,400 $1,319,900
2020 $58,217 $1,831,300 $511,400 $1,319,900
2019 $57,613 $1,831,300 $511,400 $1,319,900
2018 $56,524 $1,826,900 $511,400 $1,315,500
2017 $56,279 $1,507,200 $567,000 $940,200
2016 $52,904 $1,455,800 $567,000 $888,800
2015 $51,332 $1,455,800 $567,000 $888,800
2014 $49,614 $1,455,800 $567,000 $888,800
Source: Public Records

Agents Affiliated with this Home

  • Susan Lovit

    Seller's Agent in 2022

    Susan Lovit

    Compass New Jersey, LLC-Montclair

    (973) 477-7252

    54 in this area

    132 Total Sales

    Susan Lovit
    Section Image

  • D

    Seller Co-Listing Agent in 2022

    Dana Schwern

    Compass New Jersey, LLC-Montclair

    (201) 657-5201

    53 in this area

    130 Total Sales

    Dana Schwern
    Section Image
  • Nancy Parlapiano

    Buyer's Agent in 2022

    Nancy Parlapiano

    Coldwell Banker, Upper Montclair

    (973) 650-1919

    6 in this area

    22 Total Sales

    Nancy Parlapiano
    Section Image

  • K

    Seller's Agent in 2018

    KATHLEEN SEVERANCE

    BROWN HARRIS STEVENS NEW JERSEY

    (973) 509-2222

    4 in this area

    7 Total Sales

    KATHLEEN SEVERANCE
    Section Image
  • Marilou Wong

    Buyer's Agent in 2018

    Marilou Wong

    C-21 GEMINI, LLC.

    (201) 303-7146

    1 in this area

    87 Total Sales

    Marilou Wong
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 22024208

New Jersey MLS

APN: 13-03606-0000-00006

New Jersey Essex County Montclair 07043

125 Lorraine Ave, Montclair, NJ

This home is located at 125 Lorraine Ave, Montclair, NJ 07043 since 30 June 2022 and is currently estimated at $3,451,172, approximately $626 per square foot. 125 Lorraine Ave is a home located in Essex County with nearby schools including Bradford School, Hillside School, and Nishuane School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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