NOT LISTED FOR SALE

198 Lorraine Ave Unit 2 Montclair, NJ 07043

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

3 Beds
1 Bath
1,885 Sq Ft
$808/Sq Ft Est. Value

About This Home

As of October 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. Lots of closet space. 2 parking spots included. Landscaping will be shared responsibility of 1st & 2nd floor tenants. 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: 10/02/2024

Prominent Properties Sotheby's International Realty-Montclair

Last Renter's Agent

Candi Schwartz

Prominent Properties Sotheby's International Realty-Montclair

Prominent Properties Sotheby's International Realty-Montclair

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,882

Year Built

  • 1907

Lot Details

  • 10,193

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

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

Community Details

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,882

Year Built

1907

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Lease
  • PropertySubType: Multi Family
  • ResoLaundryFeatures: None
  • View Type:Pond View: None
  • Reso Association Amenities: None
  • Reso Pets Allowed: No
  • Co List Office Phone: (973) 783-6900
  • MLS Status: Leased - Leased
  • Directions: Lorraine between Valley and Norwood.
  • Reso Fireplace Features: 1 Fireplace, None
  • 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

  • Garage Spaces: 2.0
  • Parking Features: See Remarks

Utilities

  • Cooling: Gas
  • Heating: Natural Gas, Hot Water

Lot Info

  • Lot: 00025

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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
10/05/2024 10/05/24 Rented $3,450 0.0% --
10/02/2024 10/02/24 For Rent $3,450 -- --
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
  • Candi Schwartz

    Tenant's Agent in 2024

    Candi Schwartz

    Prominent Properties Sotheby's International Realty-Montclair

    (973) 460-0072

    6 in this area

    7 Total Sales

    Candi Schwartz
    Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 24031822

New Jersey MLS

APN: 13-02602-0000-00025

New Jersey Essex County Montclair 07043

198 Lorraine Ave Unit 2, Montclair, NJ

This home is located at 198 Lorraine Ave Unit 2, Montclair, NJ 07043 since 02 October 2024 and is currently priced at $1,523,556. This property was built in 1907. 198 Lorraine Ave Unit 2 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.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

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

© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.

Nearby Homes