NOT LISTED FOR SALE

503 Essex Ave Boonton, NJ 07005

Estimated Value: $601,000 - $646,000

3 Beds
1 Bath
1,636 Sq Ft
$378/Sq Ft Est. Value

Last Sold May 23, 2023

Last sale price $501,000 $306 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,354/month

14 Days on Market

About This Home

As of May 2023

This home is located at 503 Essex Ave, Boonton, NJ 07005 since 28 March 2023 and is currently estimated at $618,970, approximately $378 per square foot. This property was built in 1951. 503 Essex Ave is a home located in Morris County with nearby schools including School Street Elementary School, John Hill Elementary School, and Boonton High School.

Last Agent to Sell the Property

Mary Menard

COMPASS NEW JERSEY, LLC Brokerage Phone: 973-315-8180 Listed on: 03/28/2023

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

JANE CONWAY

KELLER WILLIAMS METROPOLITAN

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,087

Year Built

  • Built in 1951

Lot Details

  • 0.39 Acre Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,087

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Year Built: 1951
  • County Name: Morris
  • Street Number Display: 503
  • I D: 5211516
  • Modified: 2024-05-24
  • Number Images: 1
  • Attribution Contact: 973-315-8180
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 1.00

Lot Info

  • Lot Size: 100X168
  • Total Acres: 0.39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2023
Closed on
May 16, 2023
Sold by
Berlinghoff Patricia E
Bought by
Sferra Katherine and Melamed Noah
Seller's Agent
Mary Menard
COMPASS NEW JERSEY, LLC
Buyer's Agent
JANE CONWAY
KELLER WILLIAMS METROPOLITAN
List Price
$465,000
Sold Price
$501,000
Premium/Discount to List
$36,000
7.74%
Current Estimated Value
$618,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,970
Avg. Annual Appreciation
9.63%
Original Mortgage
$375,750
Outstanding Balance
$365,480
Interest Rate
6.27%
Mortgage Type
Construction
Estimated Equity
$253,490
Source: Public Records

Range of Values:

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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
Sferra Katherine $501,000 None Listed On Document
Sferra Katherine $501,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sferra Katherine $375,750
Closed Sferra Katherine $375,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2023 05/23/23 Sold $501,000 +7.7% $306 / Sq Ft
04/11/2023 04/11/23 Pending -- -- --
03/28/2023 03/28/23 For Sale $465,000 -- $284 / 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 $12,087 $374,900 $217,900 $157,000
2024 $11,769 $357,600 $217,900 $139,700
2023 $11,769 $357,600 $217,900 $139,700
2022 $11,154 $357,600 $217,900 $139,700
2021 $11,154 $357,600 $217,900 $139,700
2020 $10,692 $357,600 $217,900 $139,700
2019 $10,832 $357,600 $217,900 $139,700
2018 $10,546 $357,600 $217,900 $139,700
2017 $10,106 $357,600 $217,900 $139,700
2016 $9,841 $357,600 $217,900 $139,700
2015 $9,680 $357,600 $217,900 $139,700
2014 $9,466 $357,600 $217,900 $139,700
Source: Public Records

Agents Affiliated with this Home

  • Mary Menard

    Seller's Agent in 2023

    Mary Menard

    COMPASS NEW JERSEY, LLC

    (973) 879-2860

    22 in this area

    159 Total Sales

    Mary Menard
    Section Image

  • J

    Buyer's Agent in 2023

    JANE CONWAY

    KELLER WILLIAMS METROPOLITAN

See All Agents

Map

Source: Garden State MLS

MLS Number: 3835354

Garden State MLS

APN: 01-00113-0000-00007

New Jersey Morris County Boonton 07005

503 Essex Ave, Boonton, NJ

This home is located at 503 Essex Ave, Boonton, NJ 07005 since 28 March 2023 and is currently estimated at $618,970, approximately $378 per square foot. This property was built in 1951. 503 Essex Ave is a home located in Morris County with nearby schools including School Street Elementary School, John Hill Elementary School, and Boonton High School.

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