NOT LISTED FOR SALE

297 Wales Ave River Edge, NJ 07661

Estimated Value: $1,184,000 - $1,955,000

5 Beds
7 Baths
3,063 Sq Ft
$507/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $1,182,000 $386 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $11,085/month

65 Days on Market

Highlights

  • Colonial Architecture
  • Property is near a park
  • Attached Garage
  • Roosevelt Elementary School Rated A
  • Fireplace
  • En-Suite Primary Bedroom

About This Home

As of October 2020

Rare opportunity to own a new construction on existing foundation. This Home sits on a 100x150 lot. Truly a magnificent entrance with hardie plank siding throughout. Home features a 3 car garage, 5 bedrooms including the master bedroom, 5 full bathrooms including the master bathroom , 2 half bathrooms, full finished basement with a theater room, beautiful kitchen with quartz countertops and stainless steel appliances. This is truly once in a lifetime opportunity to be in the river edge with blue ribbon schools! Don't let this go away!

Last Agent to Sell the Property

Jack Yao

Realmart Realty, LLC Listed on: 07/01/2020

Last Buyer's Agent

Jane Roberti

Prominent Properties Sotheby's International Realty-Edgewater

Prominent Properties Sotheby's International Realty-Edgewater

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,255

Year Built

  • 1942

Lot Details

  • 0.34 Acre Lot
  • Rectangular Lot

Home Design

  • Colonial Architecture
  • Stone Siding

Interior Spaces

  • Central Vacuum
  • Fireplace
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Attic Fan

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Parking

  • Attached Garage
  • Garage Door Opener

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 025200303 00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,255

Year Built

1942

Lot Details

0

Listing Details

  • Property Short: RES
  • Property Type: RES
  • Sub-Style: Colonial
  • Additional Sub Style: Cntr Stairwl
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans
  • Miscellaneous: Central Vac
  • Views/Exposure: None
  • Year Built: New Construction-New Foundation
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Number of Rooms: 16
  • Fireplace: 2 Fireplaces
  • Bedrooms: 5
  • Total Bathrooms: 5.20
  • Primary Bathroom: Y
  • Full Bathrooms: 5
  • Partial Bathroom: 2
  • Basement: Finished, Full
  • Basement: FULL FINISHED, MEDIA/THEATER, HBTH

Exterior Features

  • Exterior: Stone
  • Waterfront: None

Garage/Parking

  • Garage: 3+car, Attached, Gar Opener, 2 Car

Utilities

  • Heating: Gas, Hot Air
  • Sewer: Municipal
  • Water Source: Municipal
  • Cooling: Attic Fan, Central Air

Condo/Co-op/Association

  • Association: None

Schools

  • Elementary School: Cherry Hill E.S.
  • Middle School: River Dell M.S.
  • High School: River Dell Regional

Lot Info

  • County Name: BERGEN
  • Locale: 400
  • Lot: 00003
  • Lot Description: Regular
  • Estimated Lot Sq Ft: 15002

Tax Info

  • Tax: 16255
  • Assessor Parcel Number: 025200303 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2020
Closed on
Oct 20, 2020
Sold by
Nj North Property Llc
Bought by
Athanikar Aditya
Seller's Agent
Jack Yao
Realmart Realty, LLC
Buyer's Agent
Jane Roberti
Prominent Properties Sotheby's International Realty-Edgewater
List Price
$1,179,999
Sold Price
$1,182,000
Premium/Discount to List
$2,001
0.17%
Total Days on Market
65
Current Estimated Value
$1,552,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,099
Avg. Annual Appreciation
6.06%
Original Mortgage
$765,000
Outstanding Balance
$688,462
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$863,637

Purchase Details

Listed on
Nov 22, 2019
Closed on
Dec 20, 2019
Sold by
Whittaker Thomas A and Whittaker Susan L
Bought by
Nj North Property Llc
Seller's Agent
Ryan Gibbons
EXP Realty, LLC
Buyer's Agent
Ryan Gibbons
EXP Realty, LLC
List Price
$525,000
Sold Price
$472,500
Premium/Discount to List
-$52,500
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
219.21%
Original Mortgage
$500,000
Interest Rate
3.6%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Athanikar Aditya $1,182,000 Two Rivers Title Co Llc
Nj North Property Llc $472,500 Altor Abs Co Inc
Nj North Property Llc $472,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Athanikar Aditya $765,000
Previous Owner Nj North Property Llc $500,000
Previous Owner Whittaker Susan I $114,000
Previous Owner Whittaker Thomas A $200,000
Previous Owner Whittaker Thomas A $110,000
Previous Owner Whittaker Thomas A $98,000
Previous Owner Whittaker Suzanne $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold $1,182,000 +0.2% $386 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $1,179,999 +149.7% $385 / Sq Ft
01/08/2020 01/08/20 Sold $472,500 -10.0% $154 / Sq Ft
12/04/2019 12/04/19 Pending -- -- --
11/22/2019 11/22/19 For Sale $525,000 -- $171 / 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
2024 $34,179 $884,100 $288,800 $595,300
2023 $32,712 $884,100 $288,800 $595,300
2022 $32,712 $884,100 $288,800 $595,300
2021 $16,984 $468,700 $288,800 $179,900
2020 $16,733 $468,700 $288,800 $179,900
2019 $16,255 $468,700 $288,800 $179,900
2018 $15,912 $468,700 $288,800 $179,900
2017 $15,758 $468,700 $288,800 $179,900
2016 $15,401 $468,700 $288,800 $179,900
2015 $15,078 $468,700 $288,800 $179,900
2014 $15,106 $468,700 $288,800 $179,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 20025074

New Jersey MLS

APN: 52-00303-0000-00003