NOT LISTED FOR SALE

40 Cross Gates Rd Madison, NJ 07940

Estimated Value: $3,903,515 - $4,198,000

6 Beds
9 Baths
-- Sq Ft
38,333 Sq Ft

Last Sold February 11, 2016

Last sale price $2,550,000

Est. 58% increase in value since last sale

Current estimated payment $25,222/month

Highlights

  • 0.88 Acre Lot
  • Colonial Architecture
  • Family Room with Fireplace
  • Kings Road School Rated A
  • Deck
  • 4-minute walk to Niles Park

About This Home

As of February 2016

This spectacular custom 6 bedroom, 6.3 bath Colonial rests on nearly an acre of property with attention to every detail, custom millwork, high ceilings, high end appliances & finishes throughout. Set in the Hill section of Madison this home with 3 beautifully finished floors is perfect for the most discerning buyer. A kitchen with white cabinets, mahogany center island, marble counters & breakfast room opens to a family room with fireplace overlooking the expansive Ipex deck & expansive backyard. The second level has 5 bedrooms, office, laundry & 4.1 baths. The master bedroom truly a private retreat has 2 walk-in closets, bath with his & her shower, sinks & privy. The walk out lower level has a large recreation,wine cellar, exercise room & spa bathroom. A three car garage complete this special home.

Last Agent to Sell the Property

Susan Oldendorp

COMPASS NEW JERSEY, LLC Listed on: 01/06/2016

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

PATRIZIA GIASSA

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,432

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 0.88 Acre Lot
  • Wood Fence
  • Corner Lot
  • Open Lot
  • Sprinkler System

Parking

  • 3 Car Attached Garage
  • Circular Driveway
  • Gravel Driveway
  • Paver Block

Home Design

  • Colonial Architecture
  • Wood Shingle Roof
  • Stone Siding

Interior Spaces

  • Wet Bar
  • Cathedral Ceiling
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Great Room
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Recreation Room with Fireplace
  • Utility Room
  • Home Gym
  • Finished Basement
  • Walk-Out Basement
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio

Schools

  • Kingsroad Elementary School
  • Madison Jr Middle School
  • Madison High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Underground Utilities
  • Standard Electricity
  • Gas Water Heater
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 2317-04001-0000-00038-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,432

Year Built

Built in 1965 | Remodeled

Lot Details

0.88 Acres

Parking

3

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1965
  • Year Built Description: Renovated
  • County Name: Morris
  • Easements Description: unknown
  • Directions: Woodland to Cross Gates or Pomeroy to Cross Gates
  • I D: 4585515
  • Section Subdiv Development: The Hill
  • First Name: SUSAN
  • First Name3: PATRIZIA
  • Last Name: OLDENDORP
  • Last Name3: GIASSA
  • Office Phone: 201-400-8714
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2008

Interior Features

  • Flooring: Ceramic Tile, Marble, Wood
  • Fireplace Description: Rec Room, Family Room, Living Room
  • Number of Fireplaces: 3
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Self Cleaning Oven, Water Softener-Own, Disposal, Kitchen Exhaust Fan, Dryer
  • Interior Amenities: Cathedral Ceiling, Bar-Wet, High Ceilings, Smoke Detector, Blinds, Security System, Carbon Monoxide Detector, Fire Alarm Sys, Walk-In Closet
  • Bedrooms: 6
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower, Soaking Tub
  • Bathrooms: 6.30
  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Basement: Yes
  • Basement Description: Walkout, Finished
  • Basement Level Rooms: Bath Main, Utility Room, Exercise Room, Rec Room, Walkout
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Pantry, Eat-In Kitchen
  • Kitchen Dim: 30x19
  • Kitchen Level: First
  • Living Room Dim: 19x15
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 17x12
  • Other Room1 Level: First
  • Other Room 2: Rec Room
  • Other Room2 Dim: 46x20
  • Other Room2 Level: Basement
  • Other Room 3: Office
  • Other Room3 Dim: 16x15
  • Other Room3 Level: Second
  • Other Room 4: Bedroom
  • Other Room4 Dim: 16x17
  • Other Room4 Level: Second
  • Level 1 Rooms: 1 Bedroom, Breakfast Room, Foyer, Great Room, Living Room, Pantry, Bath Main, Family Room, Kitchen, Dining Room, Powder Room
  • Level 2 Rooms: Powder Room, Office, 4 Or More Bedrooms, Bath(s) Other, Laundry Room
  • Level 3 Rooms: Attic
  • Phone: 908-273-2991

Exterior Features

  • Exterior Description: Wood Shingle, Stone
  • Exterior Features: Barbeque, Deck, Wood Fence, Thermal Windows/Doors, Patio, Underground Lawn Sprinkler
  • Roof Description: Wood Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 3
  • Number Parking Spaces: 2
  • Parking Driveway Description: 1 Car Width, Gravel, Paver Block, Circular

Utilities

  • Cooling: Central Air, 4 Units
  • Fuel Type: Gas-Natural
  • Heating: Multi-Zone, 4 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • High School: Madison
  • Middle Jr High School: Madison Jr

Lot Info

  • Lot Size: 182X211
  • Easement: Unknown
  • Lot Description: Open Lot, Corner
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.88
  • Zoning: Residential

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 53432
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2317-04001-0000-00038-0000-
  • Tax Rate Amount: 1.778
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2015

MLS Schools

  • Grade School: KingsRoad

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2016
Closed on
Jan 25, 2016
Sold by
Sweet Sherry
Bought by
Hirawat Samit and Hirawat Claudia
Seller's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
Buyer's Agent
PATRIZIA GIASSA
KELLER WILLIAMS REALTY
List Price
$2,675,000
Sold Price
$2,550,000
Premium/Discount to List
-$125,000
-4.67%
Current Estimated Value
$4,034,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,484,629
Avg. Annual Appreciation
4.67%
Original Mortgage
$19,125,000
Outstanding Balance
$15,255,996
Interest Rate
3.97%
Mortgage Type
Commercial
Estimated Equity
-$11,221,367

Purchase Details

Closed on
Nov 1, 2002
Sold by
Cavallaro Marjory
Bought by
Sweet Mitchell and Sweet Sherry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.03%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hirawat Samit $2,550,000 Acres Land Title Agency Inc
Sweet Mitchell $1,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hirawat Samit $19,125,000
Previous Owner Sweet Mitchell $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2016 02/11/16 Sold $2,550,000 -4.7% --
01/06/2016 01/06/16 Pending -- -- --
01/06/2016 01/06/16 For Sale $2,675,000 -- --
Source: Garden State MLS

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 $53,250 $2,500,000 $892,500 $1,607,500
2024 $51,475 $2,500,000 $892,500 $1,607,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3273872

Garden State MLS

APN: 17-04001-0000-00038

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