NOT LISTED FOR SALE

187 Gates Ave Montclair, NJ 07042

Estimated Value: $1,879,000 - $2,388,000

7 Beds
4.5 Baths
3,763 Sq Ft
$565/Sq Ft Est. Value

Last Sold August 05, 2024

Last sale price $2,025,000 $538 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $14,444/month

10 Days on Market

Highlights

  • En-Suite Primary Bedroom
  • Central Air
  • Rectangular Lot
  • Hillside School Rated A

About This Home

As of August 2024

This expansive colonial embodies luxury living with 7-bedrooms and 4.1-baths. With hardwood floors, high ceilings adorned with deep crown molding; this residence exudes elegance. The main level boasts a formal living room with a fireplace & dual French doors leading to the family room, mudroom, powder room, and laundry. A beautiful library offers a tranquil retreat, while the dining room impresses with a stained glass window and wainscoting. The eat-in kitchen is a chef's delight, equipped with high-end appliances opening to a Bluestone terrace and large level yard. The 2nd floor hosts a spacious master suite with a large walk-in closet and a luxurious primary bath boasting heated floors and a soaking tub, accompanied by 3 additional bedrooms and an updated main bath. The top floor adds 3 more bedrooms, a full bath, and ample storage space. The lower level provides ultimate entertainment with a large rec room, gym, wine cellar, full bath, and craft room with abundant storage.

Last Agent to Sell the Property

Sam Joseph

Prominent Properties Sotheby's International Realty-Montclair Listed on: 05/07/2024

Co-Listed By

James MacDonald

Prominent Properties Sotheby's International Realty-Montclair

Last Buyer's Agent

Elizabeth Scura

Prominent Properties Sotheby's International Realty-Montclair

Prominent Properties Sotheby's International Realty-Montclair

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,552

Lot Details

  • 0.33 Acre Lot
  • Rectangular Lot

Parking

  • 2 Car Garage

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom

Finished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Magnet Elementary School
  • Magnet Middle School
  • Montclair High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00012 / 01202

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,552

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) 783-6900
  • MLS Status: Sold - Sold
  • Directions: Bloomfield Ave, Turn right onto S Mountain Ave, Turn left onto Gates Ave
  • Reso Fireplace Features: 1 Fireplace
  • Year Built Details: 1900-1939,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Primary Bathroom: Yes
  • Basement Remarks: Bath(s) Other, Exercise Rm, Office, Rec Room, Storage, Utility

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Construction Type: Fabricated Stucco, Stucco, Other

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Radiant Floor, Steam

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: 14195.0

Tax Info

  • Tax Annual Amount: 38552.0
  • Tax Block: 01202
  • Tax Lot: 00012

MLS Schools

  • High School Text: Montclair H.S.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2024
Closed on
Aug 5, 2024
Sold by
Rosenblum Scott and Rosenblum Stacy
Bought by
Hamilton John David and Hamilton Kristin Marie
Seller's Agent
Sam Joseph
Prominent Properties Sotheby's International Realty-Montclair
Buyer's Agent
Elizabeth Scura
Prominent Properties Sotheby's International Realty-Montclair
List Price
$1,599,000
Sold Price
$2,025,000
Premium/Discount to List
$426,000
26.64%
Views
24
Current Estimated Value
$2,126,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,842
Avg. Annual Appreciation
4.48%
Original Mortgage
$400,000
Interest Rate
4.7%

Purchase Details

Closed on
Apr 28, 2016
Sold by
Selassie Lynn D and Selassie Sengal M
Bought by
Rosenblum Scott and Rosenblum Stacy

Purchase Details

Closed on
Jul 2, 2002
Sold by
Gourary Barry
Bought by
Selassie Sengal and Selassie Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$621,600
Interest Rate
6.73%
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
Hamilton John David $2,025,000 Evident Title
Rosenblum Scott $1,299,000 None Available
Selassie Sengal $777,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamilton John David $400,000
Open Hamilton John David $1,220,000
Previous Owner Selassie Sengal $621,600
Closed Rosenblum Scott --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2024 08/05/24 Sold $2,025,000 +26.6% $538 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
05/07/2024 05/07/24 For Sale $1,599,000 -- $425 / 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 $38,552 $1,140,600 $325,000 $815,600
2024 $38,552 $1,140,600 $325,000 $815,600
2022 $37,503 $1,140,600 $325,000 $815,600
2021 $36,853 $1,140,600 $325,000 $815,600
2020 $36,260 $1,140,600 $325,000 $815,600
2019 $35,883 $1,140,600 $325,000 $815,600
2018 $35,290 $1,140,600 $325,000 $815,600
2017 $34,622 $927,200 $347,000 $580,200
2016 $31,430 $864,900 $347,000 $517,900
2015 $30,496 $864,900 $347,000 $517,900
2014 $29,476 $864,900 $347,000 $517,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Sam Joseph

    Prominent Properties Sotheby's International Realty-Montclair

    (917) 359-8990

    76 in this area

    196 Total Sales

    Sam Joseph
    Section Image

  • J

    Seller Co-Listing Agent in 2024

    James MacDonald

    Prominent Properties Sotheby's International Realty-Montclair

    (973) 803-0799

    18 in this area

    39 Total Sales

    James MacDonald
    Section Image

  • E

    Buyer's Agent in 2024

    Elizabeth Scura

    Prominent Properties Sotheby's International Realty-Montclair

    (973) 783-6900

    4 in this area

    10 Total Sales

    Elizabeth Scura
    Section Image

  • Z

    Buyer Co-Listing Agent in 2024

    Zoe Oliphant

    Prominent Properties Sotheby's International Realty-Montclair

    (631) 748-2866

    15 in this area

    28 Total Sales

    Zoe Oliphant
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 24013961

New Jersey MLS

APN: 13-01202-0000-00012

New Jersey Essex County Montclair 07042

187 Gates Ave, Montclair, NJ

This home is located at 187 Gates Ave, Montclair, NJ 07042 since 07 May 2024 and is currently estimated at $2,126,842, approximately $565 per square foot. 187 Gates Ave is a home located in Essex County with nearby schools including Hillside School, Nishuane School, and Bradford School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

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