NOT LISTED FOR SALE

197 Lorraine Ave Montclair, NJ 07043

Estimated Value: $1,154,230

3 Beds
4.5 Baths
2,707 Sq Ft
-- Built

Last Sold August 24, 2022

Last sale price $924,000 $341 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,249/month

11 Days on Market

About This Home

As of August 2022

Elegant sophistication in the heart Upper Montclair. Just up the block to restaurants, shopping, galleries, coffee, gelato, NJ Transit trains and DeCamp buses into NYC. Open and airy condo living on four levels of this two-unit home. With a high-end sleek open kitchen, flexible office space, three bedrooms with ensuite baths, second floor laundry, basement office or playroom with a fourth full bathroom. Two private decks and a balcony overlook the secluded rear grounds. Includes separated garage and storage space. Convenience and easy luxury with everything at your fingertips.

Last Agent to Sell the Property

John Frenzer

Compass New Jersey, LLC-Montclair Listed on: 05/16/2022

Compass New Jersey, LLC-Montclair

Last Buyer's Agent

Julie Kim

Prominent Properties Sotheby's International Realty-Montclair

Prominent Properties Sotheby's International Realty-Montclair

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,192

Parking

  • 1 Car Garage

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Additional Features

  • Finished Basement

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,192

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Ownership: Private
  • PropertySubType: Condominium
  • Co List Office Phone: (973) 310-7360
  • MLS Status: Sold - Sold
  • Directions: Lorraine Ave between Valley Rd and Park St
  • Year Built Details: 1900-1939
  • PropertySubTypeAdditional: Freestnd
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: Finished, Partial
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Primary Bathroom: Yes
  • Basement Remarks: Bath(s) Other, Office
  • Laundry: In Unit

Exterior Features

  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Garage/Parking

  • Garage Spaces: 1.0

Lot Info

  • Lot: 00014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2015
Sold by
Cox Derek and Cox Ginny
Bought by
197 Lorraine Avenue Llc
Current Estimated Value
$1,154,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$755,000
Interest Rate
3.66%
Mortgage Type
State Veterans

Purchase Details

Closed on
Feb 26, 1997
Sold by
1St Union Natl Bk
Bought by
Cox Derek and Cox Ginny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
7.79%
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
197 Lorraine Avenue Llc $620,000 --
Cox Derek $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stephenson Vrsalovic Cathy $484,000
Closed 197 Lorraine Avenue Llc $755,000
Previous Owner Cox Derek $214,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2022 08/24/22 Sold $924,000 +8.8% $341 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $849,000 -- $314 / 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 -- -- -- --
2024 -- $0 $0 $0
2022 -- $0 $0 $0
2021 $0 $0 $0 $0
2020 $14,485 $0 $0 $0
2019 $16,396 $0 $0 $0
2018 $15,763 $0 $0 $0
2017 $17,722 $0 $0 $0
2015 $17,722 $520,000 $325,000 $195,000
2014 $17,722 $520,000 $325,000 $195,000
Source: Public Records

Agents Affiliated with this Home

  • John Frenzer

    Seller's Agent in 2022

    John Frenzer

    Compass New Jersey, LLC-Montclair

    (917) 312-7795

    5 in this area

    7 Total Sales

    John Frenzer
    Section Image
  • Julie Kim

    Buyer's Agent in 2022

    Julie Kim

    Prominent Properties Sotheby's International Realty-Montclair

    (973) 868-5699

    18 in this area

    37 Total Sales

    Julie Kim
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 22017402

New Jersey MLS

APN: 13-01809-0000-00014

New Jersey Essex County Montclair 07043

197 Lorraine Ave, Montclair, NJ

This home is located at 197 Lorraine Ave, Montclair, NJ 07043 since 16 May 2022 and is currently estimated at $1,154,230, approximately $426 per square foot. 197 Lorraine Ave is a home located in Essex County with nearby schools including Bradford School, Hillside School, and Nishuane 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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