NOT LISTED FOR SALE

129 Chestnut St Montclair, NJ 07042

Estimated Value: $1,311,000 - $1,646,357

6 Beds
3 Baths
3,128 Sq Ft
$490/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $1,625,000 $520 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $9,551/month

11 Days on Market

About This Home

As of July 2024

Top to bottom renovation, meets central location, meets passive income with this legal 3-family home in the heart of Montclair. This smartly designed residence offers three 2-bed, 1-bath units with all new electrical and plumbing, HVAC systems, separately metered utilities, creative storage and laundry IN-UNT. The first floor feels more like a home than an apartment with a perfect layout, and the 2nd & 3rd floor units feel like you are floating in the trees. The basement offers 3 storage rooms, w/ access to the backyard, plus room for a gym, studio or additional storage. Outside you have a 3 car garage, additional parking and comfortable outdoor living spaces. Conveniently located between Walnut St & Watchung Plaza, this property offers easy access to a variety of parks, recreation, dining and NYC commute options. You can collect $6500/month in rent while living in a brand new home.

Last Agent to Sell the Property

Pierce Conway

Compass New Jersey, LLC-Montclair Listed on: 06/04/2024

Compass New Jersey, LLC-Montclair

Last Buyer's Agent

Allison Maguire

Brown Harris Stevens New Jersey

Brown Harris Stevens New Jersey

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,112

Lot Details

  • 10,720

Parking

  • 3 Car Garage

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Laundry in unit
  • 10,720 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00002 / 02304

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,112

Lot Details

0

Parking

3

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Unit
  • Co List Office Phone: 973-310-7360
  • MLS Status: Sold - Sold
  • Directions: Valley Road, East on Chestnut. House on south side of street.
  • Architectural Style: 3 Family
  • Year Built Details: 2020's,Pre 1900,Renovated,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Remarks: Yes, Bilco-Style Door, Full, Unfinished

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Garage/Parking

  • Garage Spaces: 3.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat, Water Connected

Lot Info

  • Lot Size Sq Ft: 10720.0

Tax Info

  • Tax Annual Amount: 17112.0
  • Tax Block: 02304
  • Tax Lot: 00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2024
Closed on
Jul 19, 2024
Sold by
Shulruff Emily G
Bought by
Toledo Manuel
Seller's Agent
Pierce Conway
Compass New Jersey, LLC-Montclair
Buyer's Agent
Allison Maguire
Brown Harris Stevens New Jersey
List Price
$1,500,000
Sold Price
$1,625,000
Premium/Discount to List
$125,000
8.33%
Views
29
Current Estimated Value
$1,532,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$92,411
Avg. Annual Appreciation
-4.80%
Original Mortgage
$1,125,000
Outstanding Balance
$1,112,463
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$420,126

Purchase Details

Closed on
Nov 30, 2021
Sold by
Gadallah Mona
Bought by
Shulruff Emily G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,306
Interest Rate
3.09%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 31, 2003
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
Toledo Manuel $1,625,000 Westcor Land Title
Shulruff Emily G $650,000 Prestige Title
-- $363,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Toledo Manuel $1,125,000
Previous Owner Shulruff Emily G $628,306
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Sold $1,625,000 +8.3% $520 / Sq Ft
06/15/2024 06/15/24 Pending -- -- --
06/04/2024 06/04/24 For Sale $1,500,000 0.0% $480 / Sq Ft
11/18/2022 11/18/22 Rented $2,950 +5.4% --
10/12/2022 10/12/22 Price Changed $2,800 -6.7% $1 / Sq Ft
09/26/2022 09/26/22 For Rent $3,000 -- --
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 $17,113 $708,900 $240,900 $468,000
2024 $17,113 $506,300 $240,900 $265,400
2023 $18,462 $506,300 $240,900 $265,400
2022 $18,462 $561,500 $240,900 $320,600
2021 $18,142 $561,500 $240,900 $320,600
2020 $17,850 $561,500 $240,900 $320,600
2019 $17,665 $561,500 $240,900 $320,600
2018 $17,373 $561,500 $240,900 $320,600
2017 $15,731 $421,300 $202,200 $219,100
2016 $15,310 $421,300 $202,200 $219,100
2015 $14,855 $421,300 $202,200 $219,100
2014 $14,358 $421,300 $202,200 $219,100
Source: Public Records

Agents Affiliated with this Home

  • Pierce Conway

    Seller's Agent in 2024

    Pierce Conway

    Compass New Jersey, LLC-Montclair

    (973) 618-6368

    35 in this area

    77 Total Sales

    Pierce Conway
    Section Image
  • Allison Maguire

    Buyer's Agent in 2024

    Allison Maguire

    Brown Harris Stevens New Jersey

    (973) 454-9116

    35 in this area

    81 Total Sales

    Allison Maguire
    Section Image
  • Laura Sulborski

    Buyer's Agent in 2022

    Laura Sulborski

    Keller Williams Realty - NJ Metro Group

    (917) 596-3508

    11 in this area

    42 Total Sales

    Laura Sulborski
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 24017557

New Jersey MLS

APN: 13-02304-0000-00002

New Jersey Essex County Montclair 07042

129 Chestnut St, Montclair, NJ

This home is located at 129 Chestnut St, Montclair, NJ 07042 since 04 June 2024 and is currently estimated at $1,532,589, approximately $489 per square foot. 129 Chestnut St is a home located in Essex County with nearby schools including Hillside School, Nishuane School, and Bradford School.

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

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