$3,000,000
SOLD SEP 15, 2022

125 Lorraine Ave Montclair, NJ 07043

7 Beds
7 Baths
5,512 Sq Ft
1.16 Acres

Recently Sold

$544 Per Sq Ft

7% Above List Price

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

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
$3,503,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$503,785
Avg. Annual Appreciation
5.50%

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

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Range of Values:

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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
Deed -- Evident Title
Bargain Sale Deed $1,475,000 Chicago Title Insurance Co
Deed $750,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $616,300 Stand Alone Refi Refinance Of Original Loan
Previous Owner $625,000 New Conventional
Previous Owner $451,000 Credit Line Revolving
Previous Owner $729,000 New Conventional
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

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

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Map

Source: New Jersey MLS

MLS Number: 22024208

New Jersey MLS

APN: 13-03606-0000-00006