NOT LISTED FOR SALE

5 Vela Way Edgewater, NJ 07020

Estimated Value: $1,116,000 - $1,574,000

4 Beds
4.5 Baths
3,617 Sq Ft
$392/Sq Ft Est. Value

Last Sold August 03, 2023

Last sale price $1,275,000 $353 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,341/month

155 Days on Market

Highlights

  • Water Views
  • Deck
  • Property is near public transit
  • In Ground Pool
  • Contemporary Architecture
  • Cathedral Ceiling

About This Home

As of August 2023

UPGRADES JUST COMPLETED NEAR $50K PLUS A $70K PRICE REDUCTION. 20 minutes to NYC via bus, train, ferry, & car. NYC panoramas from the rooftop deck & pool. 5 FULL-SIZED FLOORS: LEV-5 Rooftop has NYC panoramas; solarium/office/entertainment + deck w water/gas/electric for outdoor kitchen. LEV-4 Master BR En-suite, plus 2 bedrooms, 2 baths, 2 balconies. LEV-3 Living Room, Dining Room, Gourmet Kitchen, Breakfast Room, bath, 2 balconies. LEV-2 Guest suite, patio, laundry, heated 2-car garage & 2-car driveway. LEV-1 (Approx, 1200SF) 2 large rooms for, Media/LivRm, Bar, Gym, Rec, Storage, etc. Roof-top solarium, elevator, 4 balconies, patio, 8-foot windows. With a guest suite for visitors. Access Hudson River walkways. Jetted tub, walk-in closet. UPGRADES: Refinish Brazilian Cherry floors, stairs & railings, walls, doors, counters & kitchen; Elevator repair. NYC lifestyle and most spectacular home/entertainment venue you could ever imagine. Additional Information: Amenities:Guest Quarters,Marble Bath,Soaking Tub,Stall Shower,Storage,ParkingFeatures:2 Car Attached, Appliances: Electric Water Heater

Last Agent to Sell the Property

James Bean

Coldwell Banker Realty Brokerage Phone: (845) 634-0400 License #10301221746 Listed on: 12/14/2022

Coldwell Banker Realty

Last Buyer's Agent

Non Non OneKey Agent

Non-Member MLS

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $21,403

Year Built

  • Built in 2010

Lot Details

  • 1,481

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Advanced Framing
  • Frame Construction

Interior Spaces

  • 3,617 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • 1 Fireplace
  • Dining Room Alcove
  • Formal Dining Room
  • Water Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Galley Kitchen
  • Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Marble Countertops
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Balcony
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet

Additional Features

  • Sloped Lot
  • Property is near public transit

Community Details

  • Community Pool
  • Park

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$21,403

Year Built

Built in 2010

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Architectural Style: Townhouse, Contemporary
  • Property SubType: Townhouse
  • Levels: Three Or More
  • Year Built: 2010
  • Attribution Contact: (845) 634-0400
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
  • Interior Amenities: Cathedral Ceiling(s), Dining Alcove, Eat-in Kitchen, Formal Dining, Granite Counters, High Ceilings, High Speed Internet, Marble Counters, Master Bath, Open kitchen, Pantry, Pass Through Kitchen, Walk Through Kitchen
  • Living Area Units: Square Feet
  • Fireplaces: 1
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Full, Unfinished
  • Inclusions: Ceiling Fan,Central Vacuum,Chandelier(s),Cook Top,Dishwasher,Dryer,Garage Door Opener,Garage Remote,Light Fixtures,Microwave,Refrigerator,Washer
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Living Area: 3617
  • Window Features: Oversized Windows, Wall of Windows
  • AtticDescription: None
  • SquareFootage: 3617.00

Exterior Features

  • Construction Materials: Advanced Framing Technique, Brick, Frame
  • Pool Features: In Ground
  • Pool Private: Yes
  • View: Other, Water
  • Exterior Features: Balcony
  • Patio and Porch Features: Deck, Patio
  • View YN: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Attached, Driveway, Off Street, Private, Heated Garage

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
  • NumberOfHeatingZones: 6

Association/Amenities

  • Community Features: Pool, Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Sloped

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Annual Amount: 21403
  • IncludedInTaxes: Sewer,Trash,Water

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: Call Listing Agent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2022
Closed on
Jul 31, 2023
Sold by
Lightman Rachel
Bought by
Sekas Nicholas G and Sekas Carolyn
Seller's Agent
James Bean
Coldwell Banker Realty
Buyer's Agent
Non Non OneKey Agent
Non-Member MLS
List Price
$1,399,999
Sold Price
$1,275,000
Premium/Discount to List
-$124,999
-8.93%
Views
977
Current Estimated Value
$1,418,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,316
Avg. Annual Appreciation
5.39%
Original Mortgage
$725,000
Outstanding Balance
$707,074
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$711,242

Purchase Details

Closed on
Sep 26, 2008
Sold by
Rosen Global Partners Llc
Bought by
Lightman Rachel
Source: Public Records

Range of Values:

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Average Value
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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
Sekas Nicholas G $1,275,000 First American Title
Lightman Rachel $1,350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sekas Nicholas G $725,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2023 08/03/23 Sold $1,275,000 -4.1% $353 / Sq Ft
05/18/2023 05/18/23 Pending -- -- --
04/11/2023 04/11/23 Price Changed $1,329,900 -5.0% $368 / Sq Ft
12/14/2022 12/14/22 For Sale $1,399,999 -- $387 / Sq Ft
Source: OneKey® 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 $19,359 $1,259,200 $550,000 $709,200
2024 $18,995 $1,218,300 $555,000 $663,300
2023 $18,944 $1,189,400 $540,000 $649,400
2022 $18,944 $1,175,200 $540,000 $635,200
2021 $21,065 $950,000 $550,000 $400,000
2020 $18,478 $950,000 $550,000 $400,000
2019 $24,072 $1,269,600 $550,000 $719,600
2018 $23,272 $1,269,600 $550,000 $719,600
2017 $22,853 $1,269,600 $550,000 $719,600
2016 $22,586 $1,269,600 $550,000 $719,600
2015 $22,281 $1,269,600 $550,000 $719,600
2014 $21,596 $1,269,600 $550,000 $719,600
Source: Public Records

Agents Affiliated with this Home

  • James Bean

    Seller's Agent in 2023

    James Bean

    Coldwell Banker Realty

    (973) 987-7065

    1 in this area

    12 Total Sales

    James Bean
    Section Image

  • N

    Buyer's Agent in 2023

    Non Non OneKey Agent

    Non-Member MLS

See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY6224025

OneKey® MLS

APN: 13-00013-0000-00001-0000-C0005

New Jersey Bergen County Edgewater 07020

5 Vela Way, Edgewater, NJ

This home is located at 5 Vela Way, Edgewater, NJ 07020 since 14 December 2022 and is currently estimated at $1,418,316, approximately $392 per square foot. This property was built in 2010. 5 Vela Way is a home located in Bergen County with nearby schools including Eleanor Van Gelder Elementary School and Christ the Teacher Academy.

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