NOT LISTED FOR SALE

262 S Mountain Ave Montclair, NJ 07042

Estimated Value: $2,032,614 - $2,475,000

4 Beds
5 Baths
3,766 Sq Ft
$602/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $1,470,000 $390 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $14,888/month

28 Days on Market

About This Home

As of January 2021

This home is located at 262 S Mountain Ave, Montclair, NJ 07042 since 31 October 2020 and is currently estimated at $2,265,904, approximately $601 per square foot. This property was built in 1937. 262 S Mountain Ave is a home located in Essex County with nearby schools including Nishuane School, Hillside School, and Bradford School.

Last Agent to Sell the Property

Chris Lane

COMPASS NEW JERSEY LLC Brokerage Phone: 973-310-7360 Listed on: 10/31/2020

COMPASS NEW JERSEY LLC

Last Buyer's Agent

Chris Lane

COMPASS NEW JERSEY LLC Brokerage Phone: 973-310-7360 Listed on: 10/31/2020

COMPASS NEW JERSEY LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1937

Lot Details

  • 0.42

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Year Built: 1937
  • County Name: Essex
  • I D: 5028911
  • Attribution Contact: 973-310-7360
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 4.20

Lot Info

  • Lot Size: 122X150 IRR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2020
Closed on
Jan 16, 2021
Sold by
Williams John S and Cheng Ya Wen
Bought by
Cherin Remington E and Cherin Megan Nugent
Seller's Agent
Chris Lane
COMPASS NEW JERSEY LLC
Buyer's Agent
Chris Lane
COMPASS NEW JERSEY LLC
List Price
$1,399,000
Sold Price
$1,470,000
Premium/Discount to List
$71,000
5.08%
Current Estimated Value
$2,265,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$795,904
Avg. Annual Appreciation
9.17%
Original Mortgage
$822,000
Outstanding Balance
$733,912
Interest Rate
2.6%
Estimated Equity
$1,531,992

Purchase Details

Listed on
Oct 31, 2020
Closed on
Jan 15, 2021
Sold by
Chang Ya Wen and Williams John S
Bought by
Cherin Remington E and Cherin Megan Nugent
Seller's Agent
Chris Lane
COMPASS NEW JERSEY LLC
Buyer's Agent
Chris Lane
COMPASS NEW JERSEY LLC
List Price
$1,399,000
Sold Price
$1,470,000
Premium/Discount to List
$71,000
5.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$822,000
Outstanding Balance
$733,912
Interest Rate
2.6%
Estimated Equity
$1,531,992

Purchase Details

Closed on
Jul 27, 2010
Sold by
Perretti Peter N and Perretti Ruth Mary
Bought by
Williams John S and Cheng Ya Wen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,100
Interest Rate
4.63%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cherin Remington E $1,480,000 Old Republic Title
Cherin Remington E $1,480,000 Old Republic National
Williams John S $957,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cherin Remington E $822,000
Closed Cherin Remington E $822,000
Closed Cherin Remington E $822,000
Previous Owner Williams John S $47,100
Previous Owner Williams John S $706,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2021 01/29/21 Sold $1,470,000 +5.1% $390 / Sq Ft
11/28/2020 11/28/20 Pending -- -- --
10/31/2020 10/31/20 For Sale $1,399,000 -- $371 / Sq Ft
Source: Garden State 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 $36,474 $1,094,600 $345,200 $749,400
2024 $36,474 $1,079,100 $345,200 $733,900
Source: Public Records

Agents Affiliated with this Home

  • Chris Lane

    Seller's Agent in 2021

    Chris Lane

    COMPASS NEW JERSEY LLC

    (973) 738-6989

    67 in this area

    195 Total Sales

    Chris Lane
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Map

Source: Garden State MLS

MLS Number: 3675696

Garden State MLS

APN: 13-00104-0000-00005

New Jersey Essex County Montclair 07042

262 S Mountain Ave, Montclair, NJ

Not Listed for Sale

Detached

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