NOT LISTED FOR SALE

40 Melrose Rd Mountain Lakes, NJ 07046

Estimated Value: $1,951,000 - $2,008,000

4 Beds
3.5 Baths
3,913 Sq Ft
$505/Sq Ft Est. Value

Last Sold January 25, 2016

Last sale price $1,400,000 $358 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $14,006/month

50 Days on Market

Highlights

  • Custom Home
  • Lake Privileges
  • Deck
  • Wildwood Elementary School Rated A+
  • Clubhouse
  • Wood Flooring

About This Home

As of January 2016

Rare opportunity to own nearly 4,000sq ft custom home, being built in desirable neighborhood in the sought after town of Mtn Lakes. Convenient to schools, shopping, public transportation, highways. The perfect blend of modern & traditional awaits you in this lovely new home. Maintaining some of the great features of the Arts & Crafts style typical of the town, it boasts all the conveniences of our time: extraordinary living space with gourmet kitch, separate b'fast area overlooking expansive Trex deck, gas f/p in the family rm, rich wood details in the formal LR & DR. An office/bed is also on the 1st fl. Pamper yourself with all the space offered by the master suite. Plus on 2nd fl: 1 bed w/ensuite bath, 2 beds, 1 full bath, laundry rm. Option for 2 beds/1 bath on 3rd fl. Beautiful lot, backs to park.

Last Agent to Sell the Property

Anne Fisher

COLDWELL BANKER REALTY Listed on: 10/14/2015

COLDWELL BANKER REALTY

Co-Listed By

ANNA JANE DE GROSSI

COLDWELL BANKER REALTY

Last Buyer's Agent

Anne Fisher

COLDWELL BANKER REALTY Listed on: 10/14/2015

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,185

Year Built

  • Built in 2015 | Under Construction

Lot Details

  • 0.54 Acre Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener

Home Design

  • Custom Home
  • Stone Siding

Interior Spaces

  • 3,913 Sq Ft Home
  • Wet Bar
  • Gas Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Storage Room
  • Laundry Room
  • Utility Room
  • Wood Flooring
  • Attic

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

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

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Lake Privileges
  • Deck

Schools

  • Wildwood Elementary School
  • Briarcliff Middle School
  • Mtn. Lakes High School

Utilities

  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Underground Utilities
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2325-00068-0000-00023-0000-
  • Tax Block *

Community Details

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,185

Year Built

Built in 2015 | Under Construction

Lot Details

0

Parking

2

Listing Details

  • Style: Custom Home
  • Primary Style: Custom Home
  • Subproperty Type: Single Family
  • Year Built: 2015
  • Year Built Description: Under Construction
  • County Name: Morris
  • Street Number Display: 040
  • Directions: From Fanny Rd or Powerville to Melrose
  • I D: 4574582
  • Modified: 2021-09-23
  • Number Images: 9
  • First Name: ANNE
  • First Name2: ANNA JANE
  • First Name3: ANNE
  • First Name4: ANNA JANE
  • Last Name: FISHER
  • Last Name2: DE GROSSI
  • Last Name3: FISHER
  • Last Name4: DE GROSSI
  • Office Phone: 973-263-0400
  • Office Phone3: 973-263-0400
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Fireplace Description: Gas Fireplace, Family Room
  • Number of Fireplaces: 1
  • Appliances: OvnWElec, Refrigerator, CookGas, Dishwasher, Self Cleaning Oven, Microwave Oven, Sump Pump
  • Interior Amenities: Bar-Wet, Carbon Monoxide Detector, Walk-In Closet
  • Number Rooms: 11
  • Bedrooms: 4
  • 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: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished, Full
  • Basement Level Rooms: Utility Room, Storage Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Pantry, Eat-In Kitchen
  • Kitchen Dim: 13x15
  • Kitchen Level: First
  • Living Room Dim: 13x14
  • Living Room Level: First
  • Other Room 1: Bedroom/Office
  • Other Room1 Dim: 11x12
  • Other Room1 Level: First
  • Other Room 2: Breakfast
  • Other Room2 Dim: 9x10
  • Other Room2 Level: First
  • Other Room 3: Laundry Room
  • Other Room3 Dim: 7x8
  • Other Room3 Level: Second
  • Level 1 Rooms: Breakfast Room, Foyer, Office, Living Room, Pantry, Family Room, Kitchen, Dining Room, Powder Room
  • Level 2 Rooms: Bath Main, 4 Or More Bedrooms, Bath(s) Other, Laundry Room
  • Level 3 Rooms: Attic
  • Estimated Sq Ft: 3913
  • Phone: 973-263-0400

Exterior Features

  • Exterior Description: Stone, Stucco
  • Exterior Features: Deck
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Oversize Garage, Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 6
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

  • Cooling: Central Air, 3 Units
  • Fuel Type: Gas-Natural
  • Heating: 3 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Lake Privileges, Playground, Club House, Jogging/Biking Path, Tennis Courts

Schools

  • Elementary School: Wildwood
  • Middle School: BriarCliff
  • High School: MTN. Lakes
  • High School: MTN. Lakes
  • Middle Jr High School: BriarCliff

Lot Info

  • Lot Size: .545 AC
  • Assessed Improvement Value: 167100
  • Assessed Land Value: 418600
  • Assessment: 585700
  • Easement: Unknown
  • Lot Description: Backs to Park Land, Level Lot
  • Lot Identifier: 23
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.54
  • Zoning: res

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 14185
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2325-00068-0000-00023-0000-
  • Tax Rate Amount: 2.422
  • Tax Rate Tax: *
  • Tax Rate Year: 2015
  • Tax Year Tax: *
  • Tax Year: 2015

MLS Schools

  • Grade School: Wildwood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2015
Closed on
Jan 25, 2016
Sold by
The Fornara Group Llc
Bought by
Feuerstein Tim and Feuerstein Ute
Seller's Agent
Anne Fisher
COLDWELL BANKER REALTY
Buyer's Agent
Anne Fisher
COLDWELL BANKER REALTY
List Price
$1,499,000
Sold Price
$1,400,000
Premium/Discount to List
-$99,000
-6.6%
Current Estimated Value
$1,976,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$576,933
Avg. Annual Appreciation
3.61%
Original Mortgage
$1,120,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 26, 2014
Closed on
Aug 25, 2014
Sold by
Dwyer Shelagh W
Bought by
Fornara Group Llc
Seller's Agent
Ann Rodriguez
COLDWELL BANKER REALTY
Buyer's Agent
John Barr
COLDWELL BANKER REALTY
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
141.63%

Purchase Details

Closed on
Sep 26, 2006
Sold by
Dwyer Gregory
Bought by
Dwyer Shelagh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
7.17%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Feuerstein Tim $1,400,000 Nrt Title Agency Llc
Fornara Group Llc $400,000 Multiple
Dwyer Shelagh -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feuerstein Tim $1,008,000
Closed Feuerstein Tim $1,022,000
Closed Feuerstein Tim $1,120,000
Previous Owner Fornara Group Llc $565,000
Previous Owner Dwyer Shelagh $60,000
Previous Owner Dwyer Shelagh $390,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2016 01/25/16 Sold $1,400,000 -6.6% $358 / Sq Ft
12/03/2015 12/03/15 Pending -- -- --
10/14/2015 10/14/15 For Sale $1,499,000 +274.8% $383 / Sq Ft
08/26/2014 08/26/14 Sold $400,000 -- $212 / 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 $39,065 $1,743,600 $504,700 $1,238,900
2024 $38,577 $1,635,900 $466,600 $1,169,300
2023 $38,577 $1,526,000 $433,000 $1,093,000
2022 $36,621 $1,395,500 $413,100 $982,400
2021 $36,621 $1,305,100 $400,900 $904,200
2020 $33,495 $1,195,400 $418,600 $776,800
2019 $32,336 $1,195,400 $418,600 $776,800
2018 $31,415 $1,195,400 $418,600 $776,800
2017 $30,746 $1,195,400 $418,600 $776,800
2016 $10,578 $418,600 $418,600 $0
2015 $14,455 $585,700 $418,600 $167,100
2014 $14,186 $585,700 $418,600 $167,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3260075

Garden State MLS

APN: 25-00068-0000-00023