NOT LISTED FOR SALE

50 Teak Rd Wayne, NJ 07470

Estimated Value: $993,000 - $1,420,000

4 Beds
4.5 Baths
4,347 Sq Ft
$292/Sq Ft Est. Value

Last Sold May 16, 2016

Last sale price $905,000 $208 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $8,685/month

35 Days on Market

Highlights

  • Media Room
  • Sitting Area In Primary Bedroom
  • Colonial Architecture
  • Lafayette Elementary School Rated A-
  • 1.52 Acre Lot
  • Recreation Room

About This Home

As of May 2016

Cul-de-sac location for this Custom Mediterranean Colonial, unbelievable quality in materials and craftmanship. Iron entry doors, Travertine marble stairs and floors, double thick granite center isl w/hammered nickle sink, 10' high ceilings on 1st floor, 2 story Great Room off Kitchen. All bedrooms have ensuite bathrooms, radiant heat on 1st floor, Master Bath and in grade level basement and Garage.Covered patio off back of home overlooks beautiful 1.5 acre lot. Grade level is approximately 1,500 sq feet and has full bath, Office, Den, Recreation Room and Media Room.

Last Agent to Sell the Property

Joseph Palermo

HOWARD HANNA RAND REALTY Listed on: 02/03/2016

HOWARD HANNA RAND REALTY

Last Buyer's Agent

Joseph Palermo

HOWARD HANNA RAND REALTY Listed on: 02/03/2016

HOWARD HANNA RAND REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,959

Year Built

  • Built in 2009

Lot Details

  • 1.52

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Stone Siding

Interior Spaces

  • 4,347 Sq Ft Home
  • Gas Fireplace
  • Entrance Foyer
  • Great Room with Fireplace
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Media Room
  • Home Office
  • Recreation Room
  • Storage Room
  • Utility Room
  • Attic

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Bidet
  • Jetted Tub in Primary Bathroom
  • Whirlpool Bathtub
  • Separate Shower

Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Schools

  • Lafayette Elementary School
  • Anthony Wayne Middle School
  • Wayne Valley High School

Utilities

  • Zoned Heating and Cooling System
  • Radiant Heating System
  • Underground Utilities
  • Standard Electricity

Additional Features

  • Enclosed Patio or Porch
  • 1.52 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 2514-01904-0000-00141-0002-

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,959

Year Built

Built in 2009

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2009
  • County Name: Passaic
  • Easements Description: shade tree
  • Exclusions: great room mirror
  • Directions: Valley Rd to Preakness Ave to left on Teak Rd
  • I D: 4596860
  • First Name: JOSEPH R
  • First Name3: JOSEPH R
  • Last Name: PALERMO
  • Last Name3: PALERMO
  • Office Phone: 973-694-6500
  • Office Phone3: 973-694-6500
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Marble, Wood
  • Fireplace Description: Gas Fireplace, Great Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Refrigerator, OvnWGas, Dishwasher, Self Cleaning Oven, Kitchen Exhaust Fan
  • Interior Amenities: Fire Extinguisher, Whirlpool, Smoke Detector, Security System, Carbon Monoxide Detector
  • Bedrooms: 4
  • Master Bedroom Desc: Sitting Room, Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: First
  • Primary Bathroom Features: Bidet, Stall Shower, Jetted Tub
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Walkout, Finished
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Center Island, Separate Dining Area
  • Living Room Level: First
  • Other Room 1: Laundry Room
  • Other Room1 Level: Second
  • Other Room 2: Bedroom/Office
  • Other Room2 Level: Ground
  • Other Room 3: Rec Room
  • Other Room3 Level: Ground
  • Other Room 4: Media Room
  • Other Room4 Level: Ground
  • Other Level Rooms: Additional Bathroom
  • Level 1 Rooms: 1 Bedroom, Breakfast Room, Foyer, Great Room, Living Room, Pantry, Dining Room, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Attic
  • Estimated Sq Ft: 4347
  • Ground Level Rooms: Bath(s) Other, Media Room, Rec Room, Utility Room, Office, Storage Room, Walkout, Outside Entrance
  • Phone: 973-832-4800

Exterior Features

  • Exterior Description: Stone, Stucco
  • Exterior Features: Open Porch(es), Patio, Enclosed Porch(es)
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Built-In Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 6
  • Parking Driveway Description: 2 Car Width, Blacktop

Utilities

  • Cooling: Central Air, 3 Units
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Baseboard - Hotwater, Multi-Zone, Radiant - Hot Water
  • Sewer: Public Sewer
  • Utilities: All Underground, Electric
  • Water: Public Water

Schools

  • High School: WAYNE VALLEY
  • Middle Jr High School: ANTHONY WAYNE

Lot Info

  • Lot Size: 1.525 AC
  • Easement: Yes
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 1.52
  • Zoning: residential

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 21959
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2514-01904-0000-00141-0002-
  • Tax Rate Amount: 5.275
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2015

MLS Schools

  • Grade School: LAFAYETTE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2016
Closed on
May 16, 2016
Sold by
Catania Mark and Catania Alessandra
Bought by
Leranian Karabet and Leranian Naira Gevorkian
Seller's Agent
Joseph Palermo
HOWARD HANNA RAND REALTY
Buyer's Agent
Joseph Palermo
HOWARD HANNA RAND REALTY
List Price
$949,900
Sold Price
$905,000
Premium/Discount to List
-$44,900
-4.73%
Current Estimated Value
$1,267,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$362,509
Avg. Annual Appreciation
3.56%
Original Mortgage
$600,000
Outstanding Balance
$476,393
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$791,116

Purchase Details

Closed on
May 29, 2007
Sold by
Reinhardt Angela
Bought by
Catania Mark and Catania Alessandra
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
Leranian Karabet $905,000 Belmont Title And Settlement
Catania Mark $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leranian Karabet $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2016 05/16/16 Sold $905,000 -4.7% $208 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
02/03/2016 02/03/16 For Sale $949,900 -- $219 / 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 $24,753 $416,300 $132,400 $283,900
2024 $23,804 $416,300 $132,400 $283,900
2022 $23,538 $416,300 $132,400 $283,900
2021 $23,513 $416,300 $132,400 $283,900
2020 $23,409 $416,300 $132,400 $283,900
2019 $22,955 $416,300 $132,400 $283,900
2018 $22,751 $416,300 $132,400 $283,900
2017 $22,543 $416,300 $132,400 $283,900
2016 $22,226 $416,300 $132,400 $283,900
2015 $21,960 $416,300 $132,400 $283,900
2014 $21,340 $416,300 $132,400 $283,900
Source: Public Records

Agents Affiliated with this Home

  • Joseph Palermo

    Seller's Agent in 2016

    Joseph Palermo

    Rand Realty

    (973) 628-9931

    Joseph Palermo
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Map

Source: Garden State MLS

MLS Number: 3279680

Garden State MLS

APN: 14-01904-0000-00141-02

New Jersey Passaic County Wayne 07470

50 Teak Rd, Wayne, NJ

Not Listed for Sale

Detached

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