$1,081,000 - $2,161,000
RENTED NOV 24, 2024

38 Forest St Montclair, NJ 07042

4 Beds
3 Baths
3,340 Sq Ft
$466 Price per Sq Ft

Last Sold November 02, 2020

Last sale price $1,275,000 $382 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $10,694/month

About This Home

As of November 2020

This beautifully renovated property is ideally located in the heart of Montclair close to Walnut St train station, a farmer's market, the best restaurants, shops, and vibrant Walnut St and downtown. The modern open living space provides a convenient lifestyle with high end finishes and smart upgrades. Sunny and spacious, a primary en-suite and great closet space, many remote work options, an enormous backyard with a patio, and laundry in the unit. Rent includes a majority of the electric costs (due to solar panels that absorb a significant portion of the cost), lawn maintenance and snow removal plus 1 car garage! Available December 1, 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2020
Closed on
Oct 28, 2020
Sold by
Szymanski Wojciech and 38 Forest Street Trust
Bought by
Cordo Michael and Cordo Martha
Seller's Agent
Roman Drukarov
BHHS FOX & ROACH
Buyer's Agent
TAMARA BIGMAN
KELLER WILLIAMS REALTY
List Price
$1,250,000
Sold Price
$1,275,000
Premium/Discount to List
$25,000
2%
Current Estimated Value
$1,557,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,140
Avg. Annual Appreciation
4.43%
Original Mortgage
$920,000
Outstanding Balance
$804,597
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$752,543
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Cordo Michael $1,275,000 True North Title Svcs Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cordo Michael $920,000
Previous Owner 38 Forest Street T $765,000
Previous Owner 30 Forest Street T $297,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2024 11/24/24 Rented $6,500 0.0% --
10/02/2024 10/02/24 For Rent $6,500 0.0% --
11/02/2020 11/02/20 Sold $1,275,000 +2.0% $493 / Sq Ft
08/15/2020 08/15/20 Pending -- -- --
08/05/2020 08/05/20 For Sale $1,250,000 +244.8% $483 / Sq Ft
07/17/2018 07/17/18 Sold $362,500 0.0% $140 / Sq Ft
07/17/2018 07/17/18 Pending -- -- --
07/16/2018 07/16/18 For Sale $362,500 -- $140 / Sq Ft

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 $23,832 $705,100 $212,900 $492,200
2022 $23,184 $705,100 $212,900 $492,200
2021 $22,782 $705,100 $212,900 $492,200
2020 $22,313 $701,900 $212,900 $489,000
2019 $11,250 $357,600 $212,900 $144,700
2018 $13,991 $452,200 $212,900 $239,300
2017 $13,446 $366,800 $130,700 $236,100
2016 $13,080 $366,800 $130,700 $236,100
2015 $12,683 $366,800 $130,700 $236,100
2014 $12,251 $366,800 $130,700 $236,100
Source: Public Records

Agents Affiliated with this Home

  • Roman Drukarov

    Seller's Agent in 2024

    Roman Drukarov

    Berkshire Hathaway Home Services Fox & Roach Realtors - Livingston

    (973) 454-3218

    30 in this area

    88 Total Sales

    Roman Drukarov
    Section Image

  • T

    Buyer's Agent in 2020

    TAMARA BIGMAN

    KELLER WILLIAMS REALTY

  • M

    Buyer Co-Listing Agent in 2020

    MARGARET MIGGINS

    COMPASS NEW JERSEY, LLC

  • Angela D'Aries

    Seller's Agent in 2018

    Angela D'Aries

    PROMINENT PROPERTIES SIR

    (973) 650-8898

    73 Total Sales

    Angela D'Aries
    Section Image
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Map

New Jersey Essex County Montclair 07042

38 Forest St, Montclair, NJ

This home is located at 38 Forest St, Montclair, NJ 07042 and is currently estimated at $1,557,140, approximately $466 per square foot. 38 Forest St is a home located in Essex County with nearby schools including Hillside School, Nishuane School, and Bradford 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.

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