$816,000
SOLD SEP 9, 2025

40 Lake Dr E Wayne, NJ 07470

4 Beds
2.5 Baths
2,258 Sq Ft
0.3 Acres

Recently Sold

$361 Per Sq Ft

9% Above List Price

15 Days on Market

Highlights

  • Lake Privileges
  • Multiple Fireplaces
  • En-Suite Primary Bedroom
  • Packanack Elementary School Rated A-
  • Stairway
  • Central Air

About This Home

As of September 2025

Welcome to your dream home in sought-after Packanack Lake! This spacious 4-bedroom, 2.5-bath gem is just a short walk to the beach and offers the perfect balance of lake life and everyday comfort. The layout is made for entertaining with a massive great room featuring vaulted ceilings, a cozy gas fireplace, and an expansive deck that offers a seamless flow between indoor and outdoor spaces. The eat-in kitchen open to the great room and is complete with granite countertops, stainless steel appliances, a breakfast bar, and with direct access to the deck this space is ideal for large gatherings or quiet time alike. Once the living room, an awesome game room, this space provides yet another area to relax and unwind. With beautiful sunsets, seasonal lake views, and a charming wood-burning fireplace, this may be your favorite room in the house. The primary suite includes an updated bath and walk-in closet, while the other bedrooms are generously sized and filled with lots of natural light. The basement offers excellent potential to create extra living space you've been dreaming of. With room to grow, space to host, and access to all the amenities Packanack Lake has to offer, this home checks all the boxes! Sale is contingent upon seller finding suitable housing.

Last Agent to Sell the Property

Tracy Tofanelli

Keller Williams Suburban Realty Listed on: 06/17/2025

Keller Williams Suburban Realty

Last Buyer's Agent

Lauren Turano

Coldwell Banker, Wayne

Coldwell Banker, Wayne

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,753

Lot Details

  • 0.3 Acre Lot
  • Rectangular Lot

Parking

  • 2 Car Garage

Interior Spaces

  • Multiple Fireplaces
  • Gas Fireplace
  • Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Stairway
  • Lake Privileges

Listing and Financial Details

  • Legal Lot and Block 14 / 1707

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,753

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Regular
  • View Type:Pond View: None
  • Co List Office Phone: 973-251-0100
  • Outside Inclusions: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Refrigerator, Range/Oven-Gas, Washer
  • MLS Status: Sold - Sold
  • Directions: Packanack Lake Rd to Osborne Terr to Lake Dr. E.
  • Reso Fireplace Features: 2 Fireplaces, Gas
  • Year Built Details: 1940's,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Grd Lv Acces
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Primary Bathroom: Yes
  • Basement Remarks: Garage Entrance, Laundry Room, Rec Room, Storage Room, Utility Room, Walkout

Exterior Features

  • Pool Features: None
  • Waterfront Features: Lake Privileges
  • Disclosures: Seller's Agent
  • Construction Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air

Lot Info

  • Lot Size Sq Ft: 13112.0

Tax Info

  • Tax Annual Amount: 13753.0
  • Tax Block: 1707
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2025
Closed on
Sep 4, 2025
Sold by
Gerolstein Ashley and Maisonet Jason
Bought by
Ogrady Haley and Mcginley Quinn
Seller's Agent
Tracy Tofanelli
Keller Williams Suburban Realty
Buyer's Agent
Lauren Turano
Coldwell Banker, Wayne
List Price
$749,000
Sold Price
$816,000
Premium/Discount to List
$67,000
8.95%
Views
63
Current Estimated Value
$811,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,553
Avg. Annual Appreciation
-2.30%
Original Mortgage
$652,800
Outstanding Balance
$652,235
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$159,212

Purchase Details

Closed on
Nov 30, 2021
Sold by
The Geroistein Family Irrevocable Trust
Bought by
Gerolstein Ashley and Maisonet Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2018
Sold by
Gerolstein Kenneth and Gerolstein Charnat
Bought by
Gerolstein Family Irrevocable Trust

Purchase Details

Listed on
Jul 22, 2017
Closed on
Nov 17, 2017
Sold by
Cavallo Donna
Bought by
Gerolstein Kenneth and Gerolstein Charnat
List Price
$549,000
Sold Price
$490,000
Premium/Discount to List
-$59,000
-10.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.46%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Deed $816,000 Realsafe Title
Deed $600,000 Kensington Realty Title Llc
Interfamily Deed Transfer -- None Available
Deed $490,000 Reliant Abstract Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $652,800 New Conventional
Previous Owner $420,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2025 09/09/25 Sold $816,000 +8.9% $361 / Sq Ft
07/02/2025 07/02/25 Pending -- -- --
06/17/2025 06/17/25 For Sale $749,000 +52.9% $332 / Sq Ft
11/17/2017 11/17/17 Sold $490,000 -10.7% $217 / Sq Ft View Prior Sale
10/18/2017 10/18/17 Pending -- -- --
07/22/2017 07/22/17 For Sale $549,000 -- $243 / Sq Ft
Source: New Jersey 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 $13,753 $231,300 $106,000 $125,300
2024 $13,226 $231,300 $106,000 $125,300
2022 $13,078 $231,300 $106,000 $125,300
2021 $13,064 $231,300 $106,000 $125,300
2020 $13,006 $231,300 $106,000 $125,300
2019 $12,754 $231,300 $106,000 $125,300
2018 $12,641 $231,300 $106,000 $125,300
2017 $12,525 $231,300 $106,000 $125,300
2016 $12,349 $231,300 $106,000 $125,300
2015 $12,201 $231,300 $106,000 $125,300
2014 $11,856 $231,300 $106,000 $125,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 25021239

New Jersey MLS

APN: 14-01707-0000-00014