Seller's Agent in 2024
Susan Lovit
Compass New Jersey, LLC-Montclair
(973) 477-7252
57 in this area
138 Total Sales
50 Walnut Crescent Montclair, NJ 07042
Estimated Value: $1,127,450 - $1,276,000
5
Beds
2
Baths
2,976
Sq Ft
$392/Sq Ft
Est. Value
About This Home
As of December 2024This charming, vacant two-family home sitting on a quiet street so close to all that vibrant Walnut Street has to offer - NYC direct train @ Walnut Street Station (.4 mi), restaurants, cafes, shops and Farmer's Market and close to Bay St train station too (.6 mi) - perfect for an investment and/or an owner occupied opportunity. This home boasts spacious and inviting rooms with high ceilings, beautiful built ins, wood beams, hardwood floors and lots of light. The first floor unit has two bedrooms and one full bathroom and the second floor unit has 3 bedrooms and 1 bath. Both units have a sunroom, living room with fireplace, dining room and updated eat in kitchen with new appliances. An interior staircase accesses the back yard and the basement which has laundry and room for storage. Two furnaces and two hot water heaters allow tenants to pay separate utilities. The unfinished 3rd floor adds incredible potential for expansion. A 3 car garage completes the house. A commuters dream!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,369
Lot Details
- 10,799
Parking
- 3 Car Garage
Home Design
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Additional Features
- Laundry in Basement
- 10,799 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 00035 / 04308
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 25, 2024
Closed on
Dec 16, 2024
Sold by
Lombardi Robert A and Lombardi Richard
Bought by
Deo Rahul and Deo Sucheta Madhukar
Seller's Agent
Susan Lovit
Compass New Jersey, LLC-Montclair
Buyer's Agent
Alfredo Silva
Keller Williams Park Views
List Price
$999,000
Sold Price
$1,130,000
Premium/Discount to List
$131,000
13.11%
Views
90
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,113
Avg. Annual Appreciation
2.93%
Original Mortgage
$904,000
Outstanding Balance
$896,877
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$268,236
Purchase Details
Closed on
Aug 19, 2024
Sold by
Lombardi Ronald and Lombardi Susan A
Bought by
Lombardi Michael
Purchase Details
Closed on
May 1, 2024
Sold by
Lombardi Richard and Lombardi Anita
Bought by
Lombardi Richard
Purchase Details
Closed on
Feb 19, 2002
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Deo Rahul | $1,130,000 | Allied Title | |
| Deo Rahul | $1,130,000 | Allied Title | |
| Lombardi Michael | -- | Evident Title | |
| Lombardi Richard | -- | None Listed On Document | |
| -- | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Deo Rahul | $904,000 | |
| Closed | Deo Rahul | $904,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/19/2024 12/19/24 | Sold | $1,130,000 | +13.1% | $380 / Sq Ft |
| 10/18/2024 10/18/24 | Pending | -- | -- | -- |
| 09/25/2024 09/25/24 | For Sale | $999,000 | -- | $336 / Sq Ft |
Source: New Jersey MLS
Tax History Compared to Growth
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 | $17,370 | $513,900 | $204,000 | $309,900 |
| 2024 | $17,370 | $513,900 | $204,000 | $309,900 |
| 2022 | $16,897 | $513,900 | $204,000 | $309,900 |
| 2021 | $16,604 | $513,900 | $204,000 | $309,900 |
| 2020 | $16,337 | $513,900 | $204,000 | $309,900 |
| 2019 | $16,167 | $513,900 | $204,000 | $309,900 |
| 2018 | $15,900 | $513,900 | $204,000 | $309,900 |
| 2017 | $15,687 | $420,100 | $206,600 | $213,500 |
| 2016 | $15,266 | $420,100 | $206,600 | $213,500 |
| 2015 | $14,813 | $420,100 | $206,600 | $213,500 |
| 2014 | $14,317 | $420,100 | $206,600 | $213,500 |
Source: Public Records
Agents Affiliated with this Home
-
Susan Lovit
-
Dana Schwern
D
Seller Co-Listing Agent in 2024
Dana Schwern
Compass New Jersey, LLC-Montclair
(201) 657-5201
56 in this area
136 Total Sales
-
Alfredo Silva
Buyer's Agent in 2024
Alfredo Silva
Keller Williams Park Views
(973) 715-4254
1 in this area
50 Total Sales
Map
Source: New Jersey MLS
MLS Number: 24030981
APN: 13-04308-0000-00035
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
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