NOT LISTED FOR SALE

37 Ross Ave Demarest, NJ 07627

Estimated Value: $2,157,329 - $2,233,000

5 Beds
6 Baths
3,586 Sq Ft
$611/Sq Ft Est. Value

Last Sold August 20, 2024

Last sale price $2,050,000 $572 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $14,578/month

About This Home

As of August 2024

Location, location, location! This home is situated on a quiet, tree-lined residential street in the prime East Hill area. An all-brick Center Hall Colonial home, it boasts meticulous craftsmanship by a local quality builder. Featuring a two-story entry foyer, a luxurious high-end gourmet kitchen, a great room with a fireplace, and numerous other amenities throughout. Equipped with a water softener system, a cloud-based security camera system, a fully fenced yard, LED landscaping lights, an oversized basement with high ceilings, and a three-car garage. Located within the catchment area of blue ribbon schools and just minutes from the GWB and NYC Bus. Don't miss the opportunity to move into this fantastic town!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
Aug 20, 2024
Sold by
Cheng Ming Chung and Cheng Christa Lei
Bought by
Alperstein Cohen Lauren and Cohen Zachary J
Seller's Agent
Annie Xie
Coldwell Banker, Alpine/Closter
Buyer's Agent
Orly Chen
RE/MAX Properties Plus
List Price
$1,998,888
Sold Price
$2,050,000
Premium/Discount to List
$51,112
2.56%
Views
60
Current Estimated Value
$2,192,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,582
Avg. Annual Appreciation
6.19%
Original Mortgage
$1,230,000
Outstanding Balance
$1,213,595
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$978,987

Purchase Details

Closed on
Jun 29, 2012
Sold by
Nj North Developers Llc
Bought by
Cheng Ming Chung and Cheng Christa Lei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Alperstein Cohen Lauren $2,050,000 Main Street Title
Cohen Lauren Alperstein $2,050,000 Main Street Title
Cheng Ming Chung $1,225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cohen Lauren Alperstein $1,230,000
Closed Cohen Lauren Alperstein $1,230,000
Previous Owner Cheng Ming Chung $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/20/2024 08/20/24 Sold $2,050,000 +2.6% $1,007 / Sq Ft View Prior Sale
07/11/2024 07/11/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $1,998,888 0.0% $982 / Sq Ft
06/16/2022 06/16/22 Rented $9,800 +3.2% --
05/28/2022 05/28/22 For Rent $9,500 -- --

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 $34,890 $1,970,800 $635,000 $1,335,800
2024 $33,303 $1,141,300 $340,000 $801,300
2023 $32,402 $1,141,300 $340,000 $801,300
2022 $32,402 $1,141,300 $340,000 $801,300
2021 $31,603 $1,141,300 $340,000 $801,300
2020 $30,861 $1,141,300 $340,000 $801,300
2019 $29,971 $1,141,300 $340,000 $801,300
2018 $29,046 $1,141,300 $340,000 $801,300
2017 $28,350 $1,141,300 $340,000 $801,300
2016 $27,905 $1,141,300 $340,000 $801,300
2015 $27,528 $1,141,300 $340,000 $801,300
2014 $26,935 $1,141,300 $340,000 $801,300
Source: Public Records

Agents Affiliated with this Home

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