NOT LISTED FOR SALE

5 Red Lodge Dr Unit 3 Vernon, NJ 07462

Estimated Value: $262,282 - $276,000

2 Beds
2 Baths
1,368 Sq Ft
305 Sq Ft Lot

Last Sold February 07, 2022

Last sale price $205,500 $150 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,878/month

Highlights

  • Mountain View
  • Forced Air Heating System
  • Washer and Dryer
  • Community Pool

About This Home

As of May 2023

Enjoy worry free living in this beautiful rental in Great Gorge Condo development. Beautifully updated kitchen, spacious rooms and all the amenities. Can come furnished (optionally) for another $200/ month. Downstairs room can also be made into a 3rd bedroom if desired. Tenant responsible for water, sewer, gas and electric. NTN credit report required.

Last Agent to Rent the Property

Darcie Hunter

Prominent Properties Sotheby's International Realty-Ridgewood Listed on: 02/24/2023

Prominent Properties Sotheby's International Realty-Ridgewood

Co-Listed By

Alvera Lewandoski

Prominent Properties Sotheby's International Realty-Ridgewood

Last Renter's Agent

Outside Agent

Outside Office

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,507

Year Built

  • 1987

Lot Details

  • 305

Parking

  • 2 Open Parking Spaces

Property Views

  • Mountain Views

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Community Pool

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,507

Year Built

1987

Lot Details

0

Listing Details

  • Property Type: Residential Lease
  • PropertySubType: Condominium
  • ResoLaundryFeatures: In Unit
  • View Type:Pond View: Mountain(s)
  • NAV29_Unit_1_Appliances: Dishwasher, Microwave, Refrigerator, Washer/Dryer
  • Reso Association Amenities: Play Area, Pool Outdoor
  • Reso Pets Allowed: No
  • Co List Office Phone: (973) 962-7007
  • MLS Status: Leased - Leased
  • Directions: Rt 94 to Great Gorge Village
  • Reso Fireplace Features: None
  • Year Built Details: 1980's
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1987

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Primary Bathroom: No

Exterior Features

  • Disclosures: Seller's Agent

Garage/Parking

  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Gas
  • Heating: Natural Gas, Hot Air

Lot Info

  • Lot: 00395

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2021
Closed on
Jan 7, 2022
Sold by
Forschino Michael
Bought by
Aras Mikael
Seller's Agent
EVA BONNER
REALTY EXECUTIVES EXCEPTIONAL
Buyer's Agent
Darcie Hunter
PROMINENT PROPERTIES SIR
List Price
$199,900
Sold Price
$205,500
Premium/Discount to List
$5,600
2.8%
Current Estimated Value
$269,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,071
Avg. Annual Appreciation
7.38%
Original Mortgage
$154,125
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2017
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Forschino Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$893,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2015
Sold by
Galvan Miguel
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 22, 2007
Sold by
Killian Sean and Killian Heather
Bought by
Galvan Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,000
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2005
Sold by
Persak Charles and Persak Rachel
Bought by
Killian Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2002
Sold by
Hansen Roger N and Hansen Joyce B
Bought by
Persak Charles

Purchase Details

Closed on
Sep 29, 1995
Sold by
Oxford Investment Corp
Bought by
Oxford Ranch Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Aras Mikael $205,500 Stewart Title Guaranty Company
Forschino Michael -- None Available
Federal Home Loan Mortgage Corporation -- None Available
Galvan Miguel $199,000 Stewart Title Guaranty Co
Killian Sean $178,000 First American Title Ins Co
Persak Charles $143,900 Archive Title Agency Inc
Oxford Ranch Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aras Mikael $154,125
Previous Owner Forschino Michael $893,000
Previous Owner Galvan Miguel $199,000
Previous Owner Killian Sean $142,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2023 05/01/23 Rented $2,700 0.0% --
04/05/2023 04/05/23 Price Changed $2,700 -3.6% $2 / Sq Ft
03/07/2023 03/07/23 Price Changed $2,800 -6.7% $2 / Sq Ft
02/24/2023 02/24/23 For Rent $3,000 0.0% --
02/07/2022 02/07/22 Sold $205,500 +2.8% $150 / Sq Ft View Prior Sale
11/27/2021 11/27/21 Pending -- -- --
11/06/2021 11/06/21 For Sale $199,900 -- $146 / 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 $5,507 $261,000 $145,000 $116,000
2024 $4,836 $225,600 $120,000 $105,600
2023 $4,836 $186,500 $110,000 $76,500
2022 $4,493 $159,400 $95,000 $64,400
2021 $4,340 $138,100 $80,000 $58,100
2020 $3,700 $118,200 $60,000 $58,200
2019 $3,855 $136,800 $60,000 $76,800
2018 $3,684 $136,800 $60,000 $76,800
2017 $3,586 $136,800 $60,000 $76,800
2016 $3,580 $136,800 $60,000 $76,800
2015 $3,568 $136,800 $60,000 $76,800
2014 $3,601 $136,800 $60,000 $76,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 23005448

New Jersey MLS

APN: 22-00199-08-00031-0000-C0205