NOT LISTED FOR SALE

4 Lee Ave Madison, NJ 07940

Estimated Value: $975,830 - $1,262,000

3 Beds
1.5 Baths
1,413 Sq Ft
$807/Sq Ft Est. Value

Last Sold December 13, 2017

Last sale price $750,000 $531 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $7,124/month

7 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Cathedral Ceiling
  • Central Avenue Elementary School Rated A-
  • Recreation Room
  • Wood Flooring

About This Home

As of December 2017

Newly renovated this 3 bedroom Colonial is spacious with great open floor plan & front porch & is located in the desirable Knollwood section just blocks from town, NYC trains and schools. Just move in and enjoy this 3 bedroom home with 1.5 baths that boasts a white kitchen with breakfast bar that opens to the dining room & family room with cathedral ceilings & a wall of built-ins. A living room, office or playroom & a powder room compete this first floor. The second floor has 3 bedrooms and a full bath & a walk up third floor that is finished & perfect for a private office, playroom or den. The basement is partially finished with a recreation room, laundry room & plenty of storage. A large deck and yard is perfect for relaxing and active play. This is a home you will want to see!

Last Agent to Sell the Property

Susan Oldendorp

COMPASS NEW JERSEY, LLC Listed on: 09/12/2017

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

JENNIFER NIELSEN

KL SOTHEBY'S INT'L. REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,988

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 5,663 Sq Ft Lot
  • Wood Fence
  • Level Lot
  • Open Lot

Parking

  • 1 Car Garage
  • Detached Carport Space

Home Design

  • Colonial Architecture
  • Wood Shingle Roof
  • Tile

Interior Spaces

  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Storage Room
  • Laundry Room
  • Utility Room
  • Wood Flooring
  • Partially Finished Basement
  • Sump Pump

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • Cedar Closet
  • Powder Room

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Porch

Schools

  • Central Elementary School
  • Madison Jr Middle School
  • Madison High School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Radiator
  • Electric Baseboard Heater
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2317-00910-0000-00007-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,988

Year Built

Built in 1923 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1923
  • Year Built Description: Renovated
  • County Name: Morris
  • Exclusions: drapes in girl's bedroom, washer/dryer
  • Renovated Year: 2014
  • Street Number Display: 4
  • Directions: Greenwood to Hamilton to Lee OR Rosedale to Hamilton to Lee
  • I D: 4738647
  • Modified: 2021-09-23
  • Number Images: 20
  • Section Subdiv Development: The Knollwood section
  • First Name: SUSAN
  • First Name3: JENNIFER
  • Last Name: OLDENDORP
  • Last Name3: NIELSEN
  • Office Phone: 201-400-8714
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2014

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Dishwasher, Kitchen Exhaust Fan, Microwave Oven, Sump Pump
  • Interior Amenities: Cedar Closets, TubShowr, Blinds, Carbon Monoxide Detector, Cathedral Ceiling, Smoke Detector
  • Number Rooms: 10
  • Bedrooms: 3
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Basement Level Rooms: Laundry Room, Utility Room, Storage Room, Rec Room
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar
  • Kitchen Dim: 13x10
  • Kitchen Level: First
  • Living Room Dim: 16x12
  • Living Room Level: First
  • Other Room 1: Office
  • Other Room1 Dim: 22x11
  • Other Room1 Level: Third
  • Other Room 2: Rec Room
  • Other Room2 Dim: 17x14
  • Other Room2 Level: Basement
  • Other Room 3: Office
  • Other Room3 Dim: 13x8
  • Other Room3 Level: First
  • Level 1 Rooms: Foyer, Office, Living Room, Dining Room, Porch, Powder Room, Family Room, Kitchen
  • Level 2 Rooms: 3 Bedrooms, Bath Main
  • Level 3 Rooms: Office, Storage Room
  • Phone: 908-273-2991

Exterior Features

  • Exterior Description: Stucco, Wood Shingle
  • Exterior Features: Wood Fence, Open Porch(es), Deck, Sidewalk, Thermal Windows/Doors
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Carport-Detached
  • Number Garage Spaces: 1
  • Number Parking Spaces: 1
  • Parking Driveway Description: 1 Car Width

Utilities

  • Cooling: Multi-Zone Cooling, 2 Units, Ceiling Fan, Central Air
  • Fuel Type: Electric, Gas-Natural
  • Heating: 2 Units, Forced Hot Air, Radiators - Steam, Baseboard - Electric
  • Sewer: Public Sewer
  • Utilities: Gas In Street
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: Central
  • Middle School: Madison Jr
  • High School: Madison
  • High School: Madison
  • Middle Jr High School: Madison Jr

Lot Info

  • Lot Size: 0.1263 AC
  • Assessed Improvement Value: 213800
  • Assessed Land Value: 318900
  • Assessment: 532700
  • Easement: Unknown
  • Lot Description: Level Lot, Open Lot
  • Lot Identifier: 7
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.13
  • Zoning: Residential

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 9988
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2317-00910-0000-00007-0000-
  • Tax Rate Amount: 1.875
  • Tax Rate Tax: *
  • Tax Rate Year: 2016
  • Tax Year Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2017
Closed on
Dec 13, 2017
Sold by
Hearn Katharine Holtzman and Hearn John M
Bought by
Schaar Oliver and Schaar Sylvia
Seller's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
Buyer's Agent
JENNIFER NIELSEN
KL SOTHEBY'S INT'L. REALTY
List Price
$699,000
Sold Price
$750,000
Premium/Discount to List
$51,000
7.3%
Current Estimated Value
$1,139,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,708
Avg. Annual Appreciation
2.60%
Original Mortgage
$250,000
Outstanding Balance
$151,439
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$762,594

Purchase Details

Closed on
Apr 14, 2015
Sold by
Hearn John M and Hearn Katherine Holtzman
Bought by
Hearn John M and Hearn Katherine Holtzman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 18, 2009
Sold by
Peek Philip M and Peek Patricia E
Bought by
Hearn John M and Holtzman Katharine Z S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Schaar Oliver $750,000 Acres Land Title Agency Inc
Hearn John M -- Stewart Title Guaranty Co
Hearn John M $530,000 Stewart Title Guaranty Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schaar Oliver $250,000
Previous Owner Hearn John M $570,000
Previous Owner Hearn John M $416,000
Previous Owner Peek Philip M $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2017 12/13/17 Sold $750,000 +7.3% $531 / Sq Ft
09/19/2017 09/19/17 Pending -- -- --
09/12/2017 09/12/17 For Sale $699,000 -- $495 / 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
2024 $10,968 $532,700 $318,900 $213,800
2023 $10,968 $532,700 $318,900 $213,800
2022 $10,793 $532,700 $318,900 $213,800
2021 $10,793 $532,700 $318,900 $213,800
2020 $10,681 $532,700 $318,900 $213,800
2019 $10,510 $532,700 $318,900 $213,800
2018 $10,244 $532,700 $318,900 $213,800
2017 $10,164 $532,700 $318,900 $213,800
2016 $9,988 $532,700 $318,900 $213,800
2015 $9,802 $506,000 $318,900 $187,100
2014 $8,997 $506,000 $318,900 $187,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3417206

Garden State MLS

APN: 17-00910-0000-00007