NOT LISTED FOR SALE

162 Lake Dr E Wayne, NJ 07470

Estimated Value: $864,618 - $997,000

3 Beds
3 Baths
2,337 Sq Ft
$397/Sq Ft Est. Value

Last Sold August 22, 2017

Last sale price $527,000 $226 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $6,276/month

105 Days on Market

Highlights

  • Private Waterfront
  • Second Kitchen
  • Lake View
  • Packanack Elementary School Rated A-
  • Media Room
  • Lake Privileges

About This Home

As of August 2017

VERY IMPRESSIVE HUGE SPLIT LEVEL HOME FACING LAKE WITH LAKE RIGHTS. Skylights, Vaulted Ceiling, Gorgeous HW floors throughout. FP, Wet Bar, entertainment center, W/Speakers, Sub Zero Fridge, 3 Full Baths, Possible in-Law Suite. Home is meticulously kept. The Lake life is waiting for you.

Last Agent to Sell the Property

Salvatore Petrosino

RE/MAX SELECT Listed on: 02/20/2017

RE/MAX SELECT

Last Buyer's Agent

JOSEPH D ALESSIO

UNITED REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,376

Year Built

  • Built in 1960

Lot Details

  • 0.34 Acre Lot
  • Private Waterfront
  • Property is zoned 1960

Parking

  • 1 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • Wet Bar
  • High Ceiling
  • Skylights
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Media Room
  • Home Office
  • Home Gym
  • Lake Views
  • Finished Basement
  • Walk-Out Basement
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Second Kitchen
  • Microwave
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite
  • 3 Full Bathrooms
  • Jetted Tub in Primary Bathroom

Outdoor Features

  • Lake Privileges
  • Deck

Schools

  • Packanack Elementary School
  • G. Washington Middle School
  • Wayne Valley High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Wood
  • Gas Water Heater

Community Details

  • Tennis Courts
  • Jogging Path

Listing and Financial Details

  • Assessor Parcel Number 2514-02308-0000-00005-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,376

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Style: Split Level
  • Primary Style: Split Level
  • Subproperty Type: Single Family
  • Year Built: 1960
  • Year Built Description: Approximate
  • County Name: Passaic
  • Exclusions: Wood Free Standing Stove Has Family History.
  • Possible Other Uses: Home-Office
  • Directions: Ratzer Rd to Oakwwod Dr. Left onto Lake Drive west left onto Lake Drive East # 162 on left.
  • I D: 4686808
  • Section Subdiv Development: Packanack Lake
  • First Name: SALVATORE L.
  • First Name3: JOSEPH
  • Last Name: PETROSINO
  • Last Name3: D ALESSIO
  • Office Phone: 973-539-6300
  • Office Phone3: 888-501-6953
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 1998

Interior Features

  • Fireplace Description: Wood Stove-Freestanding, Living Room, Wood Burning
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, Central Vacuum, Refrigerator, CookGas, Microwave Oven
  • Interior Amenities: Bar-Wet, Walk-In Closet, StallTub, Carbon Monoxide Detector, High Ceilings, Skylight
  • Bedrooms: 3
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Primary Bathroom Features: Jetted Tub
  • Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Walkout, Finished
  • Basement Level Rooms: Exercise Room, Family Room, Kitchen, Laundry Room, Media Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: Ground
  • Family Room Level: Basement
  • In Law Suite: Yes
  • In Law Suite Description: Kitchen, Full Bath, SepEnter
  • Kitchen Area: Center Island, Second Kitchen
  • Kitchen Dim: 15x13
  • Kitchen Level: First
  • Living Room Dim: 22x15
  • Living Room Level: First
  • Other Room 1: Library
  • Other Room1 Dim: 13x8
  • Other Room 2: Laundry Room
  • Other Room2 Level: Basement
  • Level 1 Rooms: Kitchen, Dining Room, Living Room
  • Level 2 Rooms: Bath(s) Other, 3 Bedrooms
  • Ground Level Rooms: Office, Den, Bath Main
  • Phone: 973-539-6300

Exterior Features

  • Exterior Description: Aluminum Siding, Brick
  • Exterior Features: Deck
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Oversize Garage, Attached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 6
  • Parking Driveway Description: Concrete, 2 Car Width

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Gas-Natural, Wood
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Jogging/Biking Path, Tennis Courts, Lake Privileges

Schools

  • High School: WAYNE VALLEY
  • Middle Jr High School: G. WASHINGTON

Lot Info

  • Lot Size: .344 AC
  • Easement: Unknown
  • Lot Description: Waterfront, Lake/Water View
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.34
  • Zoning: 1960

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: 15376
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2514-02308-0000-00005-0000-
  • Tax Rate Amount: 5.339
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: PACKANACK

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2017
Closed on
Aug 22, 2017
Sold by
Tabi Anthony J
Bought by
Dowson Kevin and Dowson Melissa
Seller's Agent
Salvatore Petrosino
RE/MAX SELECT
Buyer's Agent
JOSEPH D ALESSIO
UNITED REAL ESTATE
List Price
$585,000
Sold Price
$527,000
Premium/Discount to List
-$58,000
-9.91%
Current Estimated Value
$928,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$401,155
Avg. Annual Appreciation
7.06%
Original Mortgage
$474,750
Outstanding Balance
$396,888
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$531,267

Purchase Details

Closed on
Jun 23, 2014
Sold by
Tabi Anthony and Tabi Maria
Bought by
Tabi Anthony J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
4.14%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dowson Kevin $527,500 Acres Land Title Agency Inc
Tabi Anthony J $625,000 Servicelink
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dowson Kevin $474,750
Previous Owner Tabi Anthony J $425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2017 08/22/17 Sold $527,000 -9.9% $226 / Sq Ft
06/05/2017 06/05/17 Pending -- -- --
02/20/2017 02/20/17 For Sale $585,000 -- $250 / 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 $17,124 $288,000 $131,000 $157,000
2024 $16,468 $288,000 $131,000 $157,000
2022 $16,284 $288,000 $131,000 $157,000
2021 $16,266 $288,000 $131,000 $157,000
2020 $16,194 $288,000 $131,000 $157,000
2019 $15,880 $288,000 $131,000 $157,000
2018 $15,739 $288,000 $131,000 $157,000
2017 $15,595 $288,000 $131,000 $157,000
2016 $15,376 $288,000 $131,000 $157,000
2015 $15,192 $288,000 $131,000 $157,000
2014 $14,763 $288,000 $131,000 $157,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Buyer's Agent in 2017

    JOSEPH D ALESSIO

    UNITED REAL ESTATE

See All Agents

Map

Source: Garden State MLS

MLS Number: 3365729

Garden State MLS

APN: 14-02308-0000-00005

New Jersey Passaic County Wayne 07470

162 Lake Dr E, Wayne, NJ

Not Listed for Sale

Detached

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