NOT LISTED FOR SALE

15 Norwood Terrace Millburn, NJ 07041

Estimated Value: $1,053,000 - $1,153,191

4 Beds
2.5 Baths
1,398 Sq Ft
$794/Sq Ft Est. Value

Last Sold August 06, 2021

Last sale price $728,000 $521 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $7,085/month

6 Days on Market

Highlights

  • Custom Home
  • Wood Flooring
  • Home Gym
  • Wyoming Elementary School Rated A+
  • Main Floor Bedroom
  • Formal Dining Room

About This Home

As of August 2021

Gorgeously renovated between 2015 and 2021, this spacious home is located on one of the most beautiful and conveniently located streets in Millburn. Boasting an open layout floor-plan. State of art Kitchen with Meile, Frigidaire, and Broan appliances and custom cabinetry. Recessed LED lights and large windows through first floor, floods the home with light. New Powder Room on 1st floor. Lrg first-floor BR with en-suite New Full bath, and Walk-in Closet. 2nd Floor is adorned with 3 BRs and a New full bath. Large cedar walk-in closet and extra eve storage in a large bedroom makes it a perfect 2nd primary bedroom. Large full bsmt with finished epoxy floors, and storage is versatile for flex use. Garage space has been converted into a beautiful covered gazebo for outdoor seating and entertainment.

Last Agent to Sell the Property

Richa Garg

WEICHERT REALTORS Listed on: 06/22/2021

WEICHERT REALTORS

Last Buyer's Agent

XIAOXING ZHAO

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,653

Year Built

  • Built in 1926 | Remodeled

Lot Details

  • 5,227 Sq Ft Lot
  • Privacy Fence

Parking

  • 2 Car Detached Garage

Home Design

  • Custom Home
  • Wood Siding
  • Tile

Interior Spaces

  • Sound System
  • Thermal Windows
  • Drapes & Rods
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Storage Room
  • Home Gym
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Walk-In Closet
  • Powder Room
  • Bidet
  • Soaking Tub
  • Separate Shower

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Schools

  • Wyoming Elementary School
  • Millburn Middle School
  • Millburn High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1612-00403-0000-00027-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,653

Year Built

Built in 1926 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Style: Custom Home
  • Primary Style: Custom Home
  • Subproperty Type: Single Family
  • Year Built: 1926
  • Year Built Description: Approximate, Renovated
  • County Name: Essex
  • Exclusions: Tesla Charger Negotiable
  • Renovated Year: 2020
  • Street Number Display: 15
  • Directions: Ridgewood Rd to Norwood Rd, house on the left
  • I D: 5082512
  • Modified: 2022-08-07
  • Number Images: 23
  • Section Subdiv Development: Wyoming
  • First Name: RICHA
  • First Name3: XIAOXING
  • Last Name: GARG
  • Last Name3: ZHAO
  • Office Phone3: 347-688-8880
  • Pager Number3: 347-688-8880
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 2020

Interior Features

  • Flooring: Tile, Wood
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Dryer, Kitchen Exhaust Fan, Microwave Oven, Refrigerator, Sump Pump, OvnWGas, Washer
  • Interior Amenities: Bidet, Carbon Monoxide Detector, Cedar Closets, Drapes, Fire Alarm Sys, Fire Extinguisher, Security System, Smoke Detector, StallTub, Stereo System, Walk-In Closet, Window Treatments
  • Number Rooms: 8
  • Bedrooms: 4
  • Master Bedroom Desc: 1st Floor, Full Bath, Walk-In Closet
  • Bedroom 1 Level: First
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished-Partially, Full
  • Basement Level Rooms: Exercise Room, Leisure, Storage Room
  • Dining Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen, Pantry
  • Kitchen Level: First
  • Living Room Level: First
  • Level 1 Rooms: 1 Bedroom, Bath Main, Dining Room, Foyer, Kitchen, Living Room, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath(s) Other
  • Phone: 973-376-4545

Exterior Features

  • Exterior Description: Wood
  • Exterior Features: Privacy Fence, Sidewalk, Thermal Windows/Doors, FencVnyl
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 3
  • Parking Driveway Description: 1 Car Width

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: WYOMING
  • Middle School: MILLBURN
  • High School: MILLBURN
  • High School: MILLBURN
  • Middle Jr High School: MILLBURN

Lot Info

  • Lot Size: 50X120
  • Assessed Improvement Value: 239100
  • Assessed Land Value: 417900
  • Assessment: 657000
  • Easement: Unknown
  • Lot Identifier: 27
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.12

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 12653
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1612-00403-0000-00027-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 1.926
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: WYOMING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2021
Closed on
Jul 29, 2021
Sold by
Jain Aman and Jain Surabhi Ajit
Bought by
Zhuang Yuandong and Qiu Xin
Seller's Agent
Richa Garg
WEICHERT REALTORS
Buyer's Agent
XIAOXING ZHAO
COMPASS NEW JERSEY, LLC
List Price
$708,000
Sold Price
$728,000
Premium/Discount to List
$20,000
2.82%
Current Estimated Value
$1,098,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,473
Avg. Annual Appreciation
11.06%
Original Mortgage
$582,400
Outstanding Balance
$445,596
Interest Rate
2.23%
Mortgage Type
New Conventional
Estimated Equity
$664,452

Purchase Details

Listed on
May 1, 2020
Closed on
Nov 5, 2020
Sold by
Lodge Alethea
Bought by
Jain Aman and Jain Ajit Kumar
Seller's Agent
Simon Westfall-Kwong
EXP REALTY, LLC
Buyer's Agent
Ramaswamy Ananthakrishnan
RE/MAX PREMIER
List Price
$639,000
Sold Price
$615,000
Premium/Discount to List
-$24,000
-3.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.54%
Original Mortgage
$492,000
Interest Rate
2.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2020
Closed on
Oct 6, 2020
Sold by
Lodge Alethea
Bought by
Jain Aman and Jain Surabhi Ajit
Seller's Agent
Simon Westfall-Kwong
EXP REALTY, LLC
Buyer's Agent
Ramaswamy Ananthakrishnan
RE/MAX PREMIER
List Price
$639,000
Sold Price
$615,000
Premium/Discount to List
-$24,000
-3.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
2.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 3, 2013
Closed on
Jun 19, 2013
Bought by
Lodge Alethea
Seller's Agent
Robert Northfield
KELLER WILLIAMS MID-TOWN DIRECT
Buyer's Agent
Jill Sockwell
COMPASS NEW JERSEY, LLC
Sold Price
$422,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.30%

Purchase Details

Closed on
Feb 28, 2002
Sold by
Mcconnell Robert
Bought by
Ostrover Lisa
Source: Public Records

Range of Values:

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Average Value
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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
Zhuang Yuandong $728,000 North Bergen Title Agcy Inc
Jain Aman $615,000 Prestige Title
Jain Aman $615,000 Prestige Title Agency Inc
Lodge Alethea $422,100 --
Lodge Alethea -- None Available
Ostrover Lisa $345,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhuang Yuandong $582,400
Previous Owner Jain Aman $492,000
Previous Owner Jain Aman $492,000
Previous Owner Ledge Alethea $547,500
Previous Owner Lodge Alethea $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2021 08/06/21 Sold $728,000 +2.8% $521 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $708,000 +15.1% $506 / Sq Ft
10/07/2020 10/07/20 Sold $615,000 -3.8% $440 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
05/01/2020 05/01/20 For Sale $639,000 +51.2% $457 / Sq Ft
07/03/2013 07/03/13 Sold $422,500 -- $302 / 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 $12,851 $657,000 $417,900 $239,100
2024 $12,851 $657,000 $417,900 $239,100
2023 $12,766 $657,000 $417,900 $239,100
2022 $12,766 $657,000 $417,900 $239,100
2021 $12,733 $657,000 $417,900 $239,100
2020 $12,654 $657,000 $417,900 $239,100
2019 $12,680 $657,000 $417,900 $239,100
2018 $12,496 $657,000 $417,900 $239,100
2017 $12,194 $657,000 $417,900 $239,100
2016 $9,646 $447,800 $233,900 $213,900
2015 $9,426 $447,800 $233,900 $213,900
2014 $9,028 $439,100 $233,900 $205,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3722228

Garden State MLS

APN: 12-00403-0000-00027