$2,500,000
SOLD JAN 3, 2025

40 Forest Ave Glen Ridge, NJ 07028

5 Beds
5 Baths
2,153 Sq Ft
0.32 Acres

Recently Sold

$1,161 Per Sq Ft

28% Above List Price

7 Days on Market

About This Home

As of January 2025

This home is located at 40 Forest Ave, Glen Ridge, NJ 07028 and is currently priced at $2,500,000, approximately $1,161 per square foot. This property was built in 1954. 40 Forest Ave is a home located in Essex County with nearby schools including Forest Avenue School, Ridgewood Avenue School, and Glen Ridge High School.

Last Agent to Sell the Property

GREGORY LANE

COMPASS NEW JERSEY LLC Brokerage Phone: 973-310-7360 Listed on: 11/18/2024

Co-Listed By

Chris Lane

COMPASS NEW JERSEY LLC Brokerage Phone: 973-310-7360

Last Buyer's Agent

Melissa Giordano

PROMINENT PROPERTIES SIR

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,257

Year Built

  • Built in 1954

Lot Details

  • 0.32 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,257

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Year Built: 1954
  • County Name: Essex
  • I D: 5325077
  • Attribution Contact: 973-310-7360
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 4.20

Lot Info

  • Lot Size: 123X112
  • Total Acres: 0.32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2024
Closed on
Dec 20, 2024
Sold by
40 Forest Llc
Bought by
Bedson Robert M and Bedson Danielle
Seller's Agent
GREGORY LANE
COMPASS NEW JERSEY LLC
Buyer's Agent
Melissa Giordano
PROMINENT PROPERTIES SIR
List Price
$1,949,000
Sold Price
$2,500,000
Premium/Discount to List
$551,000
28.27%
Views
36
Current Estimated Value
$2,197,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$302,064
Avg. Annual Appreciation
-13.61%
Original Mortgage
$2,000,000
Outstanding Balance
$1,983,965
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$213,971

Purchase Details

Listed on
Oct 17, 2023
Closed on
Nov 10, 2023
Sold by
Grissom Wilburn L
Bought by
40 Forest Llc
Seller's Agent
ANNAMARIE CLEMENTI
WEST OF HUDSON REAL ESTATE
Buyer's Agent
GREGORY LANE
COMPASS NEW JERSEY LLC
List Price
$929,000
Sold Price
$1,056,000
Premium/Discount to List
$127,000
13.67%
Views
101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
114.40%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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 Type Sale Price Title Company
Deed $2,500,000 Old Republic National Title
Deed $1,056,000 Ridge Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,000,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/03/2025 01/03/25 Sold $2,500,000 +28.3% $1,161 / Sq Ft
11/29/2024 11/29/24 Pending -- -- --
11/21/2024 11/21/24 For Sale $1,949,000 +84.6% $905 / Sq Ft
11/17/2023 11/17/23 Sold $1,056,000 +13.7% $490 / Sq Ft View Prior Sale
11/01/2023 11/01/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $929,000 -- $431 / 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
2025 $25,257 $756,000 $512,000 $244,000
2024 $25,257 $756,000 $512,000 $244,000
2022 $24,645 $756,000 $512,000 $244,000
2021 $24,282 $756,000 $512,000 $244,000
2020 $23,844 $756,000 $512,000 $244,000
2019 $23,118 $756,000 $512,000 $244,000
2018 $23,194 $635,500 $458,500 $177,000
2017 $22,672 $635,500 $458,500 $177,000
2016 $22,018 $635,500 $458,500 $177,000
2015 $21,522 $635,500 $458,500 $177,000
2014 $21,185 $635,500 $458,500 $177,000
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2025

    GREGORY LANE

    COMPASS NEW JERSEY LLC

  • Chris Lane

    Seller Co-Listing Agent in 2025

    Chris Lane

    COMPASS NEW JERSEY LLC

    (973) 738-6989

    13 in this area

    199 Total Sales

    Chris Lane
    Section Image

  • M

    Buyer's Agent in 2025

    Melissa Giordano

    PROMINENT PROPERTIES SIR

    (917) 994-4988

    2 in this area

    12 Total Sales

    Melissa Giordano
    Section Image

  • A

    Seller's Agent in 2023

    ANNAMARIE CLEMENTI

    WEST OF HUDSON REAL ESTATE

See All Agents

Map

Source: Garden State MLS

MLS Number: 3934990

Garden State MLS

APN: 08-00100-0000-00014

New Jersey Essex County Glen Ridge 07028

40 Forest Ave, Glen Ridge, NJ

Sold

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