$490,000
SOLD NOV 17, 2017
4 Beds
2.5 Baths
2,258 Sq Ft
0.3 Acres

Recently Sold

$217 Per Sq Ft

11% Below List Price

88 Days on Market

About This Home

As of November 2017

This home is located at 40 Lake Dr E, Wayne, NJ 07470 and is currently priced at $490,000, approximately $217 per square foot. This property was built in 1940. 40 Lake Dr E is a home located in Passaic County with nearby schools including Packanack Elementary School, George Washington Middle School, and Wayne Valley High School.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,226

Year Built

  • Built in 1940

Lot Details

  • 0.3 Acre Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,226

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Year Built: 1940
  • County Name: Passaic
  • Street Number Display: 40
  • I D: 4731490
  • Modified: 2025-07-22
  • Number Images: 1
  • Attribution Contact: 201-891-6700
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 2.10

Lot Info

  • Lot Size: .301 AC
  • Total Acres: 0.30

Ownership History

Date Name Owned For Owner Type

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
Outstanding Balance
$390,139
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$397,654

Purchase Details

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.8%
Mortgage Type
Credit Line Revolving

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
6.38%
Source: Public Records

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Range of Values:

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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 $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 $50,000 Credit Line Revolving
Open $420,000 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $86,900 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 Pending -- -- --
06/17/2025 06/17/25 For Sale $749,000 +52.9% --
11/17/2017 11/17/17 Sold $490,000 -10.7% $217 / Sq Ft
10/18/2017 10/18/17 Pending -- -- --
07/22/2017 07/22/17 For Sale $549,000 -- $243 / 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 $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: Garden State MLS

MLS Number: 3405876

Garden State MLS

APN: 14-01707-0000-00014