NOT LISTED FOR SALE

198 Lorraine Ave Unit 1 1st Floor Montclair, NJ 07043

Estimated Value: $1,322,000 - $1,901,224

3 Beds
1 Bath
-- Sq Ft
10,193 Sq Ft Lot

About This Home

As of July 2024

Lovely 3 bedroom apartment with many original architectural details. Natural woodwork in the spacious living room and dining room. Light filled sunroom with wall to wall windows. Butler's pantry leading into the new kitchen with stainless appliances and quartz countertops. Updated bath. 2 parking spots included. Prime location just steps from Upper Montclair Village shops, restaurants, bus stop and train station.

Last Agent to Rent the Property

Sibel Oz

Prominent Properties Sotheby's International Realty-Montclair Listed on: 07/25/2024

Prominent Properties Sotheby's International Realty-Montclair

Last Renter's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,882

Year Built

  • 1907

Lot Details

  • 10,193

Parking

  • 2 Open Parking Spaces

Home Design

Kitchen

  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

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

Utilities

  • Cooling System Powered By Gas
  • Heating System Uses Natural Gas

Community Details

Amenities

  • No Laundry Facilities

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,882

Year Built

1907

Lot Details

0

Listing Details

  • Property Type: Residential Lease
  • PropertySubType: Multi Family
  • ResoLaundryFeatures: None
  • View Type:Pond View: None
  • NAV29_Unit_1_Appliances: Dishwasher, Ov/Rang/Gs, Refrigerator
  • Reso Association Amenities: None
  • Reso Pets Allowed: Pets Conditional
  • Co List Office Phone: (973) 783-6900
  • MLS Status: Leased - Leased
  • Directions: Lorraine between Valley and Norwood.
  • Reso Fireplace Features: 1 Fireplace
  • Year Built Details: 1900-1939
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1907

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Primary Bathroom: No

Exterior Features

  • Disclosures: Seller's Agent

Garage/Parking

  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Gas
  • 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: 00025

MLS Schools

  • High School Text: Montclair H.S.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2024
Sold by
Waldner Robert B
Bought by
198 Lorraine Ave Llc
Current Estimated Value
$1,523,556

Purchase Details

Closed on
Oct 2, 2002
Sold by
Lopresti Mario
Bought by
Waldner Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,400
Interest Rate
6.18%

Purchase Details

Closed on
Oct 18, 1989
Sold by
Grey Judith C P
Bought by
Lopresti Mario and Lopresti Rona
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
198 Lorraine Ave Llc $1,275,000 Prestige Title
Waldner Robert $563,000 --
-- $583,000 --
Lopresti Mario $352,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner -- $450,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2024 07/31/24 Rented $3,250 0.0% --
07/25/2024 07/25/24 For Rent $3,250 -- --
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 $21,882 $647,400 $310,100 $337,300
2024 $21,882 $647,400 $310,100 $337,300
2022 $21,287 $647,400 $310,100 $337,300
2021 $20,917 $647,400 $310,100 $337,300
2020 $20,581 $647,400 $310,100 $337,300
2019 $20,367 $647,400 $310,100 $337,300
2018 $20,031 $647,400 $310,100 $337,300
2017 $21,665 $580,200 $307,300 $272,900
2016 $21,084 $580,200 $307,300 $272,900
2015 $20,458 $580,200 $307,300 $272,900
2014 $19,773 $580,200 $307,300 $272,900
Source: Public Records

Agents Affiliated with this Home

  • Sibel Oz

    Landlord's Agent in 2024

    Sibel Oz

    Prominent Properties Sotheby's International Realty-Montclair

    (201) 218-5487

    19 in this area

    44 Total Sales

    Sibel Oz
    Section Image

  • O

    Tenant's Agent in 2024

    Outside Agent

    Outside Office

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Map

Source: New Jersey MLS

MLS Number: 24023960

New Jersey MLS

APN: 13-02602-0000-00025

New Jersey Essex County Montclair 07043

198 Lorraine Ave Unit 1 1st Floor, Montclair, NJ

This home is located at 198 Lorraine Ave Unit 1 1st Floor, Montclair, NJ 07043 since 25 July 2024 and is currently priced at $1,523,556. This property was built in 1907. 198 Lorraine Ave Unit 1 1st Floor 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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