NOT LISTED FOR SALE

498 Ridgewood Ave Glen Ridge, NJ 07028

Estimated Value: $1,998,000 - $2,305,008

5 Beds
5 Baths
4,008 Sq Ft
$538/Sq Ft Est. Value

Last Sold May 27, 2021

Last sale price $2,000,000 $499 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $14,670/month

7 Days on Market

About This Home

As of May 2021

This home is located at 498 Ridgewood Ave, Glen Ridge, NJ 07028 since 06 April 2021 and is currently estimated at $2,157,252, approximately $538 per square foot. This property was built in 1905. 498 Ridgewood Ave is a home located in Essex County with nearby schools including Forest Avenue School, Ridgewood Avenue School, and Glen Ridge High School.

Last Agent to Sell the Property

MEGHAN CUTHBERTSON

COLDWELL BANKER REALTY Brokerage Phone: 908-233-0065 Listed on: 04/06/2021

Co-Listed By

Jeanette Nachtman

COLDWELL BANKER REALTY Brokerage Phone: 908-233-0065

Last Buyer's Agent

ALLISON ZIEFERT

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,992

Year Built

  • Built in 1905

Lot Details

  • 0.34 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,992

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Year Built: 1905
  • County Name: Essex
  • Street Number Display: 498
  • I D: 5057411
  • Modified: 2025-07-22
  • Number Images: 1
  • Attribution Contact: 908-233-0065
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 4.20

Lot Info

  • Lot Size: 75X200
  • Total Acres: 0.34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2021
Closed on
May 27, 2021
Sold by
Ahmed Asif R
Bought by
Schaper Michael and Schaper Kathryn Ann
Seller's Agent
MEGHAN CUTHBERTSON
COLDWELL BANKER REALTY
Buyer's Agent
ALLISON ZIEFERT
COMPASS NEW JERSEY, LLC
List Price
$1,599,000
Sold Price
$2,000,000
Premium/Discount to List
$401,000
25.08%
Current Estimated Value
$2,157,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,252
Avg. Annual Appreciation
1.80%
Original Mortgage
$1,500,000
Outstanding Balance
$1,361,017
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$796,235

Purchase Details

Listed on
May 1, 2019
Closed on
Oct 7, 2019
Sold by
Retained Realty Inc
Bought by
Ahmed Asif R
Seller's Agent
DEBRA N ADLER
KELLER WILLIAMS VALLEY REALTY
Buyer's Agent
Rick Lodato
COLDWELL BANKER REALTY
List Price
$924,500
Sold Price
$840,000
Premium/Discount to List
-$84,500
-9.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.83%

Purchase Details

Closed on
Oct 8, 2018
Sold by
Potter William J and Potter Linda L
Bought by
Emigrant Residential Llc
Source: Public Records

Range of Values:

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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
Schaper Michael $2,000,000 Acres Land Title Agency Inc
Ahmed Asif R $840,000 Fidelity National Title (Aka
Emigrant Residential Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schaper Michael $1,500,000
Previous Owner Potter William J $562,500
Previous Owner Potter William J $540,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2021 05/27/21 Sold $2,000,000 +25.1% $499 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $1,599,000 +90.4% $399 / Sq Ft
10/15/2019 10/15/19 Sold $840,000 -9.1% $210 / Sq Ft
09/04/2019 09/04/19 Pending -- -- --
05/01/2019 05/01/19 For Sale $924,500 -- $231 / 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 $34,992 $1,037,100 $467,600 $569,500
2024 $34,992 $1,037,100 $467,600 $569,500
2022 $34,152 $1,037,100 $467,600 $569,500
2021 $33,245 $1,024,500 $467,600 $556,900
2020 $25,761 $808,300 $467,600 $340,700
2019 $29,235 $945,800 $467,600 $478,200
2018 $28,763 $779,700 $446,900 $332,800
2017 $28,124 $779,700 $446,900 $332,800
2016 $27,321 $779,700 $446,900 $332,800
2015 $26,713 $779,700 $446,900 $332,800
2014 $26,299 $779,700 $446,900 $332,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    MEGHAN CUTHBERTSON

    COLDWELL BANKER REALTY

  • Jeanette Nachtman

    Seller Co-Listing Agent in 2021

    Jeanette Nachtman

    COLDWELL BANKER REALTY

    (908) 591-7266

    1 in this area

    34 Total Sales

    Jeanette Nachtman
    Section Image

  • A

    Buyer's Agent in 2021

    ALLISON ZIEFERT

    COMPASS NEW JERSEY, LLC

  • S

    Buyer Co-Listing Agent in 2021

    SARAH CALHOUN

    COMPASS NEW JERSEY, LLC

  • D

    Seller's Agent in 2019

    DEBRA N ADLER

    KELLER WILLIAMS VALLEY REALTY

  • Rick Lodato

    Buyer's Agent in 2019

    Rick Lodato

    COLDWELL BANKER REALTY

    (973) 239-3535

    56 Total Sales

    Rick Lodato
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3702957

Garden State MLS

APN: 08-00127-0000-00025-03

New Jersey Essex County Glen Ridge 07028

498 Ridgewood Ave, Glen Ridge, NJ

This home is located at 498 Ridgewood Ave, Glen Ridge, NJ 07028 since 06 April 2021 and is currently estimated at $2,157,252, approximately $538 per square foot. This property was built in 1905. 498 Ridgewood Ave is a home located in Essex County with nearby schools including Forest Avenue School, Ridgewood Avenue School, and Glen Ridge High School.

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