$1,250,000
SOLD MAY 20, 2025

488 Walnut St Ridgefield, NJ 07657

4 Beds
4 Baths
3,644 Sq Ft
5,101 Sq Ft Lot

Recently Sold

$343 Per Sq Ft

7% Below List Price

57 Days on Market

About This Home

As of May 2025

Nestled on a picturesque block in Ridgefield, this stunning two-family home is a true gem. Step into a grand two-story foyer that welcomes you into a spacious and inviting living room, dining room, and cozy family room with a charming fireplace. The expansive eat-in kitchen is a dream for entertainers, seamlessly leading to a beautifully landscaped backyard with a generous patioâ€â€perfect for outdoor gatherings. The second unit offers a private one-bedroom retreat with its own entrance, ideal for guests or rental income. A two-car garage and a four-car driveway complete this exceptional property, offering both elegance and practicality.

Last Agent to Sell the Property

William Broderick

Ridgeco Properties, Inc. Listed on: 02/05/2025

Last Buyer's Agent

Vincent Lee

Realty 7, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,799

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Laundry in unit
  • 5,101 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 24 / 2601

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,799

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Unit
  • Co List Office Phone: 201-568-4450
  • MLS Status: Sold - Sold
  • Directions: Please use GPS
  • Architectural Style: 2 Family
  • Year Built Details: 1980's
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 4

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 5101.0

Tax Info

  • Tax Annual Amount: 16799.0
  • Tax Block: 2601
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2025
Closed on
May 13, 2025
Sold by
Mongelli John and 488 Walnut-Ridgefield Llc
Bought by
Yang Lena Miyoung
Seller's Agent
William Broderick
Ridgeco Properties, Inc.
Buyer's Agent
Vincent Lee
Realty 7, LLC
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%
Views
76
Current Estimated Value
$1,202,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,818
Avg. Annual Appreciation
-6.00%

Purchase Details

Closed on
Feb 15, 2024
Sold by
Mongelli Anna and Mongelli Giovanni
Bought by
488 Walnut-Ridgefield Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2012
Sold by
Mongelli Anna
Bought by
Mongelli Anna and Moongelli Giovanni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
3.62%
Mortgage Type
Unknown
Source: Public Records
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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 $1,250,000 First American Title Insurance
Deed $209,000 Chicago Title
Deed $209,000 Chicago Title
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $350,000 New Conventional
Previous Owner $265,000 Unknown
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2025 05/20/25 Sold $1,250,000 -3.8% $343 / Sq Ft
04/03/2025 04/03/25 Pending -- -- --
03/04/2025 03/04/25 Price Changed $1,299,000 -3.8% $356 / Sq Ft
02/16/2025 02/16/25 For Sale $1,350,000 0.0% $370 / Sq Ft
02/12/2025 02/12/25 Off Market $1,350,000 -- --
02/05/2025 02/05/25 For Sale $1,350,000 -- $370 / 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 $16,799 $1,023,600 $333,500 $690,100
2024 $16,205 $991,700 $324,500 $667,200
2023 $16,125 $968,600 $314,500 $654,100
2022 $16,125 $951,300 $307,000 $644,300
2021 $16,304 $630,000 $206,500 $423,500
2020 $15,989 $630,000 $206,500 $423,500
2019 $15,624 $630,000 $206,500 $423,500
2018 $15,227 $630,000 $206,500 $423,500
2017 $14,641 $630,000 $206,500 $423,500
2016 $14,099 $630,000 $206,500 $423,500
2015 $13,652 $630,000 $206,500 $423,500
2014 $13,224 $630,000 $206,500 $423,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 25003987

New Jersey MLS

APN: 49-02601-0000-00024