NOT LISTED FOR SALE

Estimated Value: $1,527,339

9 Beds
3 Baths
2,889 Sq Ft
$529/Sq Ft Est. Value

Sale Details

Date Sold: September 12, 2024

Last sale price $1,275,000 $441 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $10,045 / mo

31 Days on Market

About This Home

As of September 2024

One of just a couple dozen multifamily properties right on Watchung Plaza in Upper Montclair. Two huge units with 4 beds + 1 bath in Unit 1 ($2900/month) and 5 beds + 2 baths in Unit 2 ($3,785/month). Tenants pay for electric and gas, landlords pay for sewer and water. Separate furnaces and water heaters. Shared laundry and storage rooms in the basement. Currently fully occupied with recently renewed leases, PLUS additional income from rented garage & parking spaces. Over 16 parkings spaces on site and a 2 car garage. Development friendly "Neighborhood Commercial Zoning allowing 28 units per acre, and Mixed-Use development. Lot is 11,975.79 square ft. Opportunity is abundant with this "in-town location! Surrounded by shops, restaurants, and a 45 minute train to Penn Station, NYC. Adjacent property is also for sale by a different owner and broker. POF required for all showings. Showings only during designated windows. Inquire for times.

Last Agent to Sell the Property

Pierce Conway

Compass New Jersey, LLC-Montclair Listed on: 06/29/2024

Compass New Jersey, LLC-Montclair

Last Buyer's Agent

Pierce Conway

Compass New Jersey, LLC-Montclair Listed on: 06/29/2024

Compass New Jersey, LLC-Montclair
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,029

Lot Details

  • 12,250 Sq Ft Lot
  • Lot Dimensions are 50x245

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Laundry in Basement
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 00018 / 02503

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,029

Lot Details

0.28 Acres

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement, In Unit
  • Co List Office Phone: 973-310-7360
  • MLS Status: Sold - Sold
  • Directions: Watchung to Park Street. North to Property
  • Architectural Style: 2 Family
  • Year Built Details: Pre 1900,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 9
  • Basement Remarks: Yes / Bilco-Style Door, Full, Unfinished

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Dimensions: 50X245
  • Lot Size Sq Ft: 12250.0

Tax Info

  • Tax Annual Amount: 19029.0
  • Tax Block: 02503
  • Tax Lot: 00018

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2024
Closed on
Sep 11, 2024
Sold by
Bought by
Seller's Agent
Pierce Conway
Compass New Jersey, LLC-Montclair
Buyer's Agent
Pierce Conway
Compass New Jersey, LLC-Montclair
List Price
$1,199,000
Sold Price
$1,275,000
Premium/Discount to List
$76,000
6.34%
Views
44
Current Estimated Value
$1,527,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,339
Avg. Annual Appreciation
10.03%
Original Mortgage
$956,250
Outstanding Balance
$937,884
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$589,455

Purchase Details

Closed on
Nov 9, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.95%
Mortgage Type
VA

Purchase Details

Closed on
Oct 4, 2014
Bought by

Purchase Details

Listed on
Aug 9, 2013
Closed on
Aug 15, 2013
Sold by
Bought by
Seller's Agent
Marylisa Egidio
COLDWELL BANKER REALTY
Buyer's Agent
MICHAEL PISANI
COLDWELL BANKER REALTY
Sold Price
$565,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.96%

Purchase Details

Closed on
Aug 29, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,275,000 Prestige Title
$850,000 Prestige Title
-- --
-- --
$565,000 --
$244,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $956,250
Previous Owner $350,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2024 09/12/24 Sold $1,275,000 0.0% $441 / Sq Ft
09/12/2024 09/12/24 Sold $1,275,000 +6.3% $441 / Sq Ft View Prior Sale
07/30/2024 07/30/24 Pending -- -- --
07/30/2024 07/30/24 Pending -- -- --
07/01/2024 07/01/24 For Sale $1,199,900 +0.1% $415 / Sq Ft
06/29/2024 06/29/24 For Sale $1,199,000 +112.2% $415 / Sq Ft
08/09/2013 08/09/13 Sold $565,000 -- $196 / Sq Ft View Prior Sale
Source: New Jersey MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $19,795 $563,000 $325,400 $237,600
2025 $19,795 $563,000 $325,400 $237,600
2024 $19,029 $563,000 $325,400 $237,600
2022 $18,511 $563,000 $325,400 $237,600
2021 $18,191 $563,000 $325,400 $237,600
2020 $17,898 $563,000 $325,400 $237,600
2019 $17,712 $563,000 $325,400 $237,600
2018 $17,425 $563,200 $325,400 $237,800
2017 $18,733 $501,700 $291,600 $210,100
2016 $18,232 $501,700 $291,600 $210,100
2015 $17,690 $501,700 $291,600 $210,100
2014 $17,098 $501,700 $291,600 $210,100
Source: Public Records

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Map

Source: New Jersey MLS

MLS Number: 24020911

New Jersey MLS

APN: 13-02503-0000-00018

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