NOT LISTED FOR SALE

51 Meadow St Demarest, NJ 07627

Estimated Value: $2,258,000 - $2,812,000

6 Beds
5.5 Baths
-- Sq Ft
0.28 Acres

Last Sold October 03, 2020

Last sale price $875,000

Est. 184% increase in value since last sale

Current estimated payment $16,909/month

206 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Corner Lot
  • County Road Elementary School Rated A-
  • Property is near a park
  • Attached Garage

About This Home

As of October 2020

Looking to customize your own home? This stunning 4500+ new construction on new poured concrete foundation Is being sold UNFINISHED and AS-IS. Property is located in the highly desirable east hill of Demarest. This extraordinary home features an open concept design with fantastic sight lines. Bring your contractor and/or builder to complete this magnificent 7 bedroom 5.5 bath property. All framing, plumbing, electrical, and HVAC have already been completed. House is ready for insulation, sheetrock and finishes. If you have the desire to complete the finishing touches this can be your dream home. Owner had a NJ real estate license.

Last Agent to Sell the Property

Steven Reger

eRealty Advisors, Inc. Listed on: 01/18/2020

eRealty Advisors, Inc.

Last Buyer's Agent

Steven Reger

eRealty Advisors, Inc. Listed on: 01/18/2020

eRealty Advisors, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $37,525

Lot Details

  • 0.28 Acre Lot
  • Corner Lot
  • Sprinkler System

Parking

  • Attached Garage

Home Design

  • Colonial Architecture
  • Stone Exterior Construction

Interior Spaces

  • Central Vacuum
  • Gas Fireplace
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Gas

Additional Features

  • Deck
  • Cement Board Skirt

Listing and Financial Details

  • Assessor Parcel Number 020900053 00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$37,525

Lot Details

0

Listing Details

  • Property Short: RES
  • Property Type: RES
  • Sub-Style: Colonial
  • Additional Sub Style: Cntr Stairwl
  • Lifestyle: Close/Parks, Close/School, Close/Trans, Close/Wrshp
  • Miscellaneous: Central Vac, Sprinklers, Deck / Patio
  • Views/Exposure: Sunrise
  • Year Built: New Construction-New Foundation
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Number of Rooms: 14
  • Fireplace: 1 Fireplace, Gas
  • Bedrooms: 6
  • Total Bathrooms: 5.10
  • Primary Bathroom: Y
  • Full Bathrooms: 5
  • Partial Bathroom: 1
  • Basement: Finished, Full
  • Basement: Fully finished basement with bedroom and full bathroom

Exterior Features

  • Exterior: Stone Faced, Cement Board Siding
  • Waterfront: None

Garage/Parking

  • Garage: Attached, 2 Car

Utilities

  • Heating: Gas, Hot Air, Multi-Zone
  • Sewer: Municipal
  • Water Source: Municipal
  • Cooling: Central Air, Multi-Zone

Condo/Co-op/Association

  • Association: None

Schools

  • Elementary School: County Road E.S.
  • Middle School: Demarest M.S.
  • High School: Northern Valley Reg.

Lot Info

  • County Name: BERGEN
  • Locale: 100
  • Lot: 00003
  • Lot Description: Corner Lot
  • Lot Dimensions: 79x154
  • Estimated Lot Frontage: 74
  • Estimated Lot Sq Ft: 12153

Tax Info

  • Assessor Parcel Number: 020900053 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2021
Sold by
Madison Ave Properties Llc
Bought by
Venkataramani Kannan and Kannan Jemy Joy
Total Days on Market
206
Current Estimated Value
$2,483,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$600,969
Interest Rate
2.28%
Mortgage Type
New Conventional
Estimated Equity
$1,882,548

Purchase Details

Listed on
Jan 18, 2020
Closed on
Oct 1, 2020
Sold by
51 Meadow Llc
Bought by
Madison Ave Properties Llc
Seller's Agent
Steven Reger
eRealty Advisors, Inc.
Buyer's Agent
Steven Reger
eRealty Advisors, Inc.
List Price
$169,750
Sold Price
$875,000
Premium/Discount to List
$705,250
415.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.56%
Original Mortgage
$1,005,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 25, 2018
Sold by
Sdeo Stephen A and Sdeo Nancy L
Bought by
51 Meadow Llc
Source: Public Records

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Range of Values:

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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
Venkataramani Kannan $1,945,000 Grandview Ttl Agcy Of Bergen
Madison Ave Properties Llc $875,000 North American Title Ins Co
51 Meadow Llc $625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Venkataramani Kannan $750,000
Previous Owner Madison Ave Properties Llc $1,005,000
Previous Owner 51 Meadow Llc $1,090,940
Previous Owner Sdeo Stephen A $250,000
Previous Owner Sdeo Stephen A $39,895
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2020 10/03/20 Sold $875,000 -10.3% --
08/11/2020 08/11/20 Pending -- -- --
07/07/2020 07/07/20 Price Changed $975,000 -29.6% --
04/05/2020 04/05/20 Price Changed $1,385,000 -13.2% --
02/15/2020 02/15/20 Price Changed $1,595,000 -6.0% --
01/18/2020 01/18/20 Price Changed $1,697,500 +900.0% --
01/18/2020 01/18/20 For Sale $169,750 -- --
Source: New Jersey 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
2024 $37,525 $1,286,000 $314,300 $971,700
2023 $36,510 $1,286,000 $314,300 $971,700
2022 $36,510 $1,286,000 $314,300 $971,700
2021 $8,703 $314,300 $314,300 $0
2020 $8,499 $314,300 $314,300 $0
2019 $8,254 $314,300 $314,300 $0
2018 $11,776 $462,700 $314,300 $148,400
2017 $11,493 $462,700 $314,300 $148,400
2016 $11,313 $462,700 $314,300 $148,400
2015 $11,160 $462,700 $314,300 $148,400
2014 $10,920 $462,700 $314,300 $148,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 20002439

New Jersey MLS

APN: 09-00053-0000-00003