Seller's Agent in 2022
Susan Lovit
Compass New Jersey, LLC-Montclair
(973) 477-7252
66 in this area
178 Total Sales
125 Lorraine Ave Montclair, NJ 07043
Montclair NeighborhoodEstimated Value: $3,209,196 - $3,643,000
7
Beds
7
Baths
5,512
Sq Ft
$621/Sq Ft
Est. Value
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 2022Gracious 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!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $58,217
Year Built
- 1902
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
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, Montclair
List Price
$2,800,000
Sold Price
$3,000,000
Premium/Discount to List
$200,000
7.14%
Total Days on Market
9
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,065
Avg. Annual Appreciation
5.14%
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | Okane John | $616,300 | |
| Previous Owner | Hegarty Martin D | $625,000 | |
| Previous Owner | Hegarty Martin D | $451,000 | |
| Previous Owner | Hegarty Martin D | $729,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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
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 |
|---|---|---|---|---|
| 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
-
Dana Schwern
D
Seller Co-Listing Agent in 2022
Dana Schwern
Compass New Jersey, LLC-Montclair
(201) 657-5201
62 in this area
168 Total Sales
-
Nancy Parlapiano
Buyer's Agent in 2022
Nancy Parlapiano
Coldwell Banker, Montclair
(973) 650-1919
3 in this area
22 Total Sales
-
KATHLEEN SEVERANCE
K
Seller's Agent in 2018
KATHLEEN SEVERANCE
BROWN HARRIS STEVENS NEW JERSEY
7 in this area
11 Total Sales
-
Marilou Wong
Buyer's Agent in 2018
Marilou Wong
C-21 GEMINI, LLC.
(201) 303-7146
1 in this area
97 Total Sales
Map
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Source: New Jersey MLS
MLS Number: 22024208
APN: 13-03606-0000-00006
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