NOT LISTED FOR SALE

45 Mechanic St Millburn, NJ 07041

Estimated Value: $1,419,000 - $2,147,000

Studio
-- Bath
3,200 Sq Ft
$550/Sq Ft Est. Value

Last Sold May 02, 2022

Last sale price $1,395,000 $436 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $10,734/month

31 Days on Market

About This Home

As of May 2022

This home is located at 45 Mechanic St, Millburn, NJ 07041 since 05 February 2022 and is currently estimated at $1,760,940, approximately $550 per square foot. This property was built in 1970. 45 Mechanic St is a home located in Essex County with nearby schools including Wyoming Elementary School, Millburn Middle School, and Millburn High School.

Last Agent to Sell the Property

Simon Westfall-Kwong

EXP REALTY, LLC Brokerage Phone: 908-273-2991 Listed on: 02/05/2022

EXP REALTY, LLC

Last Buyer's Agent

Paul Qi

REALTYLINE

REALTYLINE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 6,534 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Year Built: 1970
  • County Name: Essex
  • I D: 5125524
  • Attribution Contact: 908-273-2991
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 67X100
  • Total Acres: 0.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2022
Closed on
Apr 28, 2022
Sold by
Westfall-Kwong Simon and Westfall-Kwong John
Bought by
Wang Shuai and Chen Xiaoxiao
Seller's Agent
Simon Westfall-Kwong
EXP REALTY, LLC
Buyer's Agent
Paul Qi
REALTYLINE
List Price
$1,395,000
Sold Price
$1,395,000
Current Estimated Value
$1,760,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,940
Avg. Annual Appreciation
6.48%
Original Mortgage
$1,116,000
Outstanding Balance
$1,051,866
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$709,074

Purchase Details

Listed on
May 16, 2018
Closed on
May 18, 2018
Sold by
Meei Lin
Bought by
Westfall-Kwong Simon and Westfall-Kwong John
Seller's Agent
Donna Shaw
WEICHERT REALTORS
Buyer's Agent
Simon Westfall-Kwong
EXP REALTY, LLC
List Price
$830,000
Sold Price
$813,400
Premium/Discount to List
-$16,600
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.59%
Original Mortgage
$650,720
Interest Rate
4.61%

Purchase Details

Closed on
Oct 1, 1997
Sold by
Bibbo Salvatore
Bought by
Lin Shin and Lin Meei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.9%
Source: Public Records

Range of Values:

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

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ICE

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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 Buyer Sale Price Title Company
Wang Shuai $1,395,000 Hudson One Title
Westfall-Kwong Simon $813,400 --
Lin Shin $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Shuai $1,116,000
Previous Owner Westfall-Kwong Simon $650,720
Previous Owner Westfall-Kwong Simon --
Previous Owner Lin Shin $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/02/2022 05/02/22 Sold $1,395,000 0.0% $436 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
02/05/2022 02/05/22 For Sale $1,395,000 +71.5% $436 / Sq Ft
05/16/2018 05/16/18 Sold $813,400 -2.0% $254 / Sq Ft View Prior Sale
05/16/2018 05/16/18 Pending -- -- --
05/16/2018 05/16/18 For Sale $830,000 -- $259 / 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 $18,310 $936,100 $312,400 $623,700
2024 $18,310 $936,100 $312,400 $623,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Simon Westfall-Kwong

    EXP REALTY, LLC

    (973) 489-8885

    96 in this area

    346 Total Sales

    Simon Westfall-Kwong
    Section Image
  • Paul Qi

    Buyer's Agent in 2022

    Paul Qi

    REALTYLINE

    (201) 592-7822

    1 in this area

    58 Total Sales

    Paul Qi
    Section Image
  • Donna Shaw

    Seller's Agent in 2018

    Donna Shaw

    WEICHERT REALTORS

    (973) 879-3128

    36 in this area

    75 Total Sales

    Donna Shaw
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3762436

Garden State MLS

APN: 12-01002-0000-00011

New Jersey Essex County Millburn 07041

45 Mechanic St, Millburn, NJ

Not Listed for Sale

MultiFamily

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