$2,300,000
SOLD MAY 31, 2018

125 Lorraine Ave Montclair, NJ 07043

7 Beds
7 Baths
5,512 Sq Ft
1.16 Acres

Recently Sold

$417 Per Sq Ft

12% Below List Price

78 Days on Market

Highlights

  • Heated In Ground Pool
  • 1.16 Acre Lot
  • Deck
  • Bradford School Rated A-
  • Colonial Architecture
  • Dining Room with Fireplace

About This Home

As of September 2022

Magnificently renovated Upper Montclair home in absolute top-tier location on much beloved Lorraine Ave. Every amenity you'd expect for a luxury lifestyle. Iconic home featured in Montclair Magazine. Over 1 acre of level land.This high-profile estate has graceful driveway, yr-round 3 length putting green,in-ground heated pool, kid's playground. Brand new addition w/ ultra sleek chef's Kitchen,state-of-the-art Mudroom and Butler's Pantry.The scale of this thru-center hall is exceptional-Impressive yet so livable.Amazing natural light thru-out. Marble Baths,his-and-her Offices,luxe Master suite, double Living Room and glorious Sunroom/Family Rm.ScreenPorch on Elevated Terrace overlooking pool.Superb commuter location w/ NYC Train & Bus at your fingertips. Stroll to Up Mtclr Village, Brookdale and Anderson Parks

Last Agent to Sell the Property

KATHLEEN SEVERANCE

BROWN HARRIS STEVENS NEW JERSEY Listed on: 03/01/2018

BROWN HARRIS STEVENS NEW JERSEY

Last Buyer's Agent

Marilou Wong

C-21 GEMINI, LLC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,771

Year Built

  • Built in 1902

Lot Details

  • 1.16 Acre Lot
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Private Driveway
  • Additional Parking
  • Parking Garage Space
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Wood Shingle Roof
  • Composition Shingle Roof

Interior Spaces

  • Wet Bar
  • Sound System
  • High Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Gas Fireplace
  • Thermal Windows
  • Mud Room
  • Entrance Foyer
  • Family Room with entrance to outdoor space
  • Family Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 5 Fireplaces
  • Formal Dining Room
  • Home Office
  • Recreation Room with Fireplace
  • Game Room
  • Storage Room
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Jetted Tub in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Front Basement Entry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Deck
  • Enclosed patio or porch

Schools

  • Magnet Elementary And Middle School
  • Montclair High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1613-03606-0000-00006-0000-
  • Tax Block *

Community Details

Amenities

  • Community Storage Space

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,771

Year Built

Built in 1902

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1902
  • Year Built Description: Approximate
  • County Name: Essex
  • Exclusions: See agent
  • Renovated Year: 2015
  • Street Number Display: 125
  • Directions: Lorraine Ave between Park and Grove
  • I D: 4770996
  • Modified: 2021-09-23
  • Number Images: 25
  • Section Subdiv Development: UPPER MONTCLAIR
  • First Name: KATHLEEN
  • First Name3: MARILOU
  • Last Name: SEVERANCE
  • Last Name3: WONG
  • Office Phone3: 973-744-2700
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2015

Interior Features

  • Flooring: Marble, Wood
  • Fireplace Description: Gas Fireplace, Bedroom 2, Dining Room, Rec Room, Living Room, Wood Burning
  • Number of Fireplaces: 5
  • Appliances: Carbon Monoxide Detector, Central Vacuum, Generator-Built-In, Range/Oven-Gas, Refrigerator, Dishwasher, Self Cleaning Oven, Disposal, Kitchen Exhaust Fan, Stackable Washer/Dryer, Dryer, Microwave Oven, WineRefr
  • Interior Amenities: Bar-Wet, JacuzTyp, Walk-In Closet, Fire Alarm Sys, Security System, StallTub, Carbon Monoxide Detector, High Ceilings, Skylight, Stereo System, Smoke Detector
  • Number Rooms: 17
  • Bedrooms: 7
  • Master Bedroom Desc: Dressing Room, Fireplace, Full Bath
  • Primary Bathroom Features: Stall Shower And Tub, Jetted Tub
  • Bathrooms: 5.20
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished-Partially, Walkout, Full
  • Basement Level Rooms: Laundry Room, Utility Room, Walkout, GameRoom, SeeRem, Storage Room, Powder Room, Rec Room
  • Dining Area: Formal Dining Room
  • Kitchen Area: Center Island, Pantry, Eat-In Kitchen, Separate Dining Area
  • Level 1 Rooms: MudRoom, Foyer, Screened, OutEntrn, SeeRem, Living Room, Pantry, Dining Room, Entrance Vestibule, Porch, Powder Room, Family Room, Kitchen
  • Level 2 Rooms: Laundry Room, Leisure, Office, 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Utility Room, 3 Bedrooms, Storage Room, Bath Main
  • Phone: 973-783-6900

Exterior Features

  • Exterior Description: Wood Shingle
  • Exterior Features: Underground Lawn Sprinkler, Patio, Enclosed Porch(es), Curbs, Deck, Sidewalk, Thermal Windows/Doors
  • Pool: Yes
  • Pool Description: Gunite, In-Ground Pool, Heated
  • Roof Description: Composition Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Garage Parking, Loft Storage, Detached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 5
  • Parking Driveway Description: Additional Parking, Blacktop, Driveway-Exclusive, Off-Street Parking

Utilities

  • Cooling: Multi-Zone Cooling, Central Air
  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air, Multi-Zone
  • Sewer: Public Sewer, Sewer Charge Extra
  • Utilities: Electric, Gas In Street
  • Water: Public Water
  • Water Heater: Electric, Gas

Condo/Co-op/Association

  • Amenities: Playground, Pool-Outdoor, Storage

Schools

  • Elementary School: MAGNET
  • Middle School: MAGNET
  • High School: MONTCLAIR
  • High School: MONTCLAIR
  • Middle Jr High School: MAGNET

Lot Info

  • Lot Size: 50680SF
  • Assessed Improvement Value: 940200
  • Assessed Land Value: 567000
  • Assessment: 1507200
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 6
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 1.16

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 54771
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1613-03606-0000-00006-0000-
  • Tax Rate Amount: 3.634
  • Tax Rate Tax: *
  • Tax Rate Year: 2016
  • Tax Year Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: MAGNET

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
$3,096,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,474
Avg. Annual Appreciation
5.52%

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: Garden State 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: Garden State MLS

MLS Number: 3450265

Garden State MLS

APN: 13-03606-0000-00006