NOT LISTED FOR SALE

5 River Ln Millburn, NJ 07041

Estimated Value: $1,464,445 - $1,870,000

4 Beds
3.5 Baths
2,636 Sq Ft
$607/Sq Ft Est. Value

Last Sold April 29, 2016

Last sale price $851,000 $323 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $9,696/month

50 Days on Market

Highlights

  • Colonial Architecture
  • Recreation Room
  • Attic
  • South Mountain School Rated A+
  • Wood Flooring
  • Formal Dining Room

About This Home

As of April 2016

This mint condition Colonial features a gorgeous new gourmet Eat-in Kitchen with stainless steel Kitchen Aid appliances & granite counter tops. The beautiful kitchen is totally open to the family room which has incredible natural light from 9 Andersen windows, vaulted ceiling with decorative beams made of reclaimed wood, & sliding doors for easy access to the amazing slate patio & incredibly private, totally level property. The home features 4 bedrooms, 3.1 baths, a fully finished basement, & a lot of charm! The home has all new baths, new roof, new furnace, new air conditioning, new hot water heater, new french drains & sump pumps. It's ideally located on a quiet street close to downtown, Millburn Train Station (.3 of a mile), highly rated South Mountain Elementary School & Millburn High School. Low Taxes!!

Last Agent to Sell the Property

ARLENE GORMAN GONNELLA

WEICHERT REALTORS Listed on: 09/03/2015

Last Buyer's Agent

BRUCE MILLER

WEICHERT REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,809

Year Built

  • Built in 1933 | Remodeled

Lot Details

  • 5,663 Sq Ft Lot
  • Level Lot
  • Sprinkler System

Parking

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

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Wood Siding
  • Tile

Interior Spaces

  • 2,636 Sq Ft Home
  • Skylights
  • Wood Burning Fireplace
  • Thermal Windows
  • Shades
  • Blinds
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Utility Room
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Front Basement Entry
  • Sump Pump

Outdoor Features

  • Patio

Schools

  • S Mountain Elementary School
  • Millburn Middle School
  • Millburn High School

Utilities

  • Central Air
  • Radiator
  • Standard Electricity
  • Gas Water Heater
  • Water Softener Leased

Listing and Financial Details

  • Assessor Parcel Number 1612-00501-0000-00026-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,809

Year Built

Built in 1933 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1933
  • Year Built Description: Approximate, Renovated
  • County Name: Essex
  • Exclusions: See Listing Agent
  • Directions: Greenwood Drive to River Lane
  • I D: 4565315
  • Section Subdiv Development: South Mountain
  • First Name: ARLENE GORMAN
  • First Name3: BRUCE
  • First Name4: ANJU
  • Last Name: GONNELLA
  • Last Name3: MILLER
  • Last Name4: IDNANI
  • Office Phone: 973-376-4545
  • Office Phone3: 973-376-4545
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2001

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Disposal, Kitchen Exhaust Fan, Water Softener-Rnt, Dryer, Microwave Oven, Sump Pump
  • Interior Amenities: Skylight, Smoke Detector, Blinds, Carbon Monoxide Detector, Shades, Walk-In Closet
  • 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: Third
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Full, Finished
  • Basement Level Rooms: Utility Room, Bath(s) Other, Laundry Room, Rec Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, Full Bath
  • Kitchen Area: Separate Dining Area, Eat-In Kitchen
  • Kitchen Dim: 13x11
  • Kitchen Level: First
  • Living Room Dim: 13x25
  • Living Room Level: First
  • Other Room 1: Rec Room
  • Other Room1 Dim: 18x17
  • Other Room1 Level: Basement
  • Other Room 2: Bathroom
  • Other Room2 Level: Basement
  • Other Room 3: Laundry Room
  • Other Room3 Level: Basement
  • Level 1 Rooms: Entrance Vestibule, Living Room, Family Room, Kitchen, Dining Room, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: 1 Bedroom, Attic
  • Estimated Sq Ft: 2636
  • Phone: 973-376-4545

Exterior Features

  • Exterior Description: Brick, Wood
  • Exterior Features: Thermal Windows/Doors, Patio, Underground Lawn Sprinkler, Curbs
  • Roof Description: Asphalt Shingle

Garage/Parking

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

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Radiators - Steam
  • Sewer: Public Sewer, Sewer Charge Extra
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • High School: MILLBURN
  • Middle Jr High School: MILLBURN

Lot Info

  • Lot Size: 50X110
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.13
  • Zoning: res

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 13809
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1612-00501-0000-00026-0000-
  • Tax Rate Amount: 2.016
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2015

MLS Schools

  • Grade School: S MOUNTAIN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2015
Closed on
Apr 29, 2016
Sold by
Kahn Robin J and Miller Scott A
Bought by
Changela Kunal and Bhanvadia Sweta
Seller's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
Buyer's Agent
BRUCE MILLER
WEICHERT REALTORS
List Price
$899,000
Sold Price
$851,000
Premium/Discount to List
-$48,000
-5.34%
Current Estimated Value
$1,599,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$748,861
Avg. Annual Appreciation
6.72%
Original Mortgage
$680,800
Outstanding Balance
$542,845
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$1,057,016

Purchase Details

Closed on
Jul 1, 1992
Sold by
Feilich Howard
Bought by
Miller Scott A and Miller Robin J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Changela Kunal $851,000 Weichert Title Agency
Miller Scott A $235,000 --
Miller Scott A $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Changela Kunal $680,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $851,000 -5.3% $323 / Sq Ft
10/23/2015 10/23/15 Pending -- -- --
09/03/2015 09/03/15 For Sale $899,000 -- $341 / 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 $15,965 $816,200 $489,700 $326,500
2024 $15,965 $816,200 $489,700 $326,500
2022 $15,859 $816,200 $489,700 $326,500
2021 $15,818 $816,200 $489,700 $326,500
2020 $15,720 $816,200 $489,700 $326,500
2019 $15,753 $816,200 $489,700 $326,500
2018 $15,524 $816,200 $489,700 $326,500
2017 $15,149 $816,200 $489,700 $326,500
2016 $14,755 $685,000 $334,300 $350,700
2015 $14,419 $685,000 $334,300 $350,700
2014 $13,810 $685,000 $334,300 $350,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3251238

Garden State MLS

APN: 12-00501-0000-00026