NOT LISTED FOR SALE

523 Ridgewood Ave Glen Ridge, NJ 07028

Estimated Value: $2,277,000 - $2,464,000

5 Beds
6 Baths
2,731 Sq Ft
$875/Sq Ft Est. Value

Last Sold December 07, 2018

Last sale price $1,599,000 $585 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $16,963/month

35 Days on Market

Highlights

  • 0.42 Acre Lot
  • Colonial Architecture
  • Wood Flooring
  • Forest Avenue School Rated A-
  • Deck
  • Main Floor Bedroom

About This Home

As of December 2018

Outstanding Colonial home will be ready September 2018, 5 Bedrooms, 4.5 baths, Family Room off ultra modern custom Kitchen, screened porch, deck 1 block to Forest Avenue School and GRCC. Enjoy TOP RATED Glen Ridge schools, gas lit streets, easy NYC commute from this beautiful property. Large .42 acre level lot. Additional assessment from Town after completion.

Last Agent to Sell the Property

GREGORY LANE

COMPASS NEW JERSEY LLC Listed on: 11/17/2017

Co-Listed By

Chris Lane

COMPASS NEW JERSEY LLC

Last Buyer's Agent

GREGORY LANE

COMPASS NEW JERSEY LLC Listed on: 11/17/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,812

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 0.42 Acre Lot
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Wood Shingle Roof
  • Composition Shingle Roof
  • Stone Siding

Interior Spaces

  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Sun or Florida Room
  • Utility Room
  • Laundry Room
  • Finished Basement
  • Walk-Out Basement
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Powder Room

Outdoor Features

  • Deck

Schools

  • Forest Elementary School
  • Ridgewood Middle School
  • Glen Ridge High School

Utilities

  • Central Air
  • One Cooling System Mounted To A Wall/Window
  • Radiator

Listing and Financial Details

  • Assessor Parcel Number 1608-00133-0000-00001-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,812

Year Built

Built in 1920 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1920
  • Year Built Description: Approximate, Renovated
  • County Name: Essex
  • Renovated Year: 2018
  • Street Number Display: 523
  • Directions: Watchung Ave to Ridgewood Ave
  • I D: 4759684
  • Modified: 2021-09-23
  • Number Images: 4
  • First Name: GREGORY
  • First Name2: CHRISTINE R
  • First Name3: GREGORY
  • Last Name: LANE
  • Last Name2: LANE
  • Last Name3: LANE
  • Office Phone: 973-509-3500
  • Office Phone2: 973-509-3500
  • Office Phone3: 973-509-3500
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2018

Interior Features

  • Flooring: Carpeting, Wood
  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Range/Oven-Gas
  • Interior Amenities: Fire Extinguisher, Carbon Monoxide Detector, Smoke Detector
  • Number Rooms: 10
  • Bedrooms: 5
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bathrooms: 4.20
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Walkout, Finished
  • Basement Level Rooms: Laundry Room, Utility Room, Walkout, Powder Room, Family Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: Basement
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Sunroom
  • Other Room1 Level: First
  • Level 1 Rooms: 2 Bedrooms, Foyer, Den, Living Room, Dining Room, Bath Main, Sunroom, Bath(s) Other, Kitchen
  • Level 2 Rooms: 2 Bedrooms, Bath(s) Other
  • Phone: 973-744-6033

Exterior Features

  • Exterior Description: Stone, Wood Shingle
  • Exterior Features: Deck
  • Roof Description: Composition Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Radiators - Steam
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water

Schools

  • Elementary School: FOREST
  • Middle School: RIDGEWOOD
  • High School: GLEN RIDGE
  • High School: GLEN RIDGE
  • Middle Jr High School: RIDGEWOOD

Lot Info

  • Lot Size: 100X185
  • Assessed Improvement Value: 366400
  • Assessed Land Value: 484400
  • Assessment: 850800
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 1
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.42

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 29812
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1608-00133-0000-00001-0000-
  • Tax Rate Amount: 3.504
  • Tax Rate Tax: *
  • Tax Rate Year: 2016
  • Tax Year Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: FOREST

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2017
Closed on
Jul 31, 2017
Sold by
Leaman George F and Leaman John C
Bought by
Gracious Properties Llc
Seller's Agent
BENJAMIN GARRISON
COLDWELL BANKER REALTY
Buyer's Agent
Chris Lane
COMPASS NEW JERSEY LLC
List Price
$679,000
Sold Price
$679,000
Current Estimated Value
$2,389,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,710,715
Avg. Annual Appreciation
16.65%
Original Mortgage
$926,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2009
Sold by
Leaman John C and Leaman Elizabeth P
Bought by
Leaman John C and Leaman Elizabeth P
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
Gracious Properties Llc $679,000 --
Leaman John C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barnett David A $1,100,000
Previous Owner Gracious Properties Llc $926,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2018 12/07/18 Sold $1,599,000 -5.9% $585 / Sq Ft
12/22/2017 12/22/17 Pending -- -- --
11/17/2017 11/17/17 For Sale $1,699,000 +150.2% $622 / Sq Ft
07/31/2017 07/31/17 Sold $679,000 0.0% $249 / Sq Ft
06/14/2017 06/14/17 Pending -- -- --
05/27/2017 05/27/17 For Sale $679,000 -- $249 / 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 $48,518 $1,438,000 $482,500 $955,500
2024 $48,518 $1,438,000 $482,500 $955,500
2022 $47,353 $1,438,000 $482,500 $955,500
2021 $46,663 $1,438,000 $482,500 $955,500
2020 $45,829 $1,438,000 $482,500 $955,500
2019 $23,040 $745,400 $482,500 $262,900
2018 $22,392 $607,000 $484,400 $122,600
2017 $30,688 $850,800 $484,400 $366,400
2016 $29,812 $850,800 $484,400 $366,400
2015 $29,148 $850,800 $484,400 $366,400
2014 $28,697 $850,800 $484,400 $366,400
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    GREGORY LANE

    COMPASS NEW JERSEY LLC

  • Chris Lane

    Seller Co-Listing Agent in 2018

    Chris Lane

    COMPASS NEW JERSEY LLC

    (973) 738-6989

    15 in this area

    201 Total Sales

    Chris Lane
    Section Image

  • B

    Seller's Agent in 2017

    BENJAMIN GARRISON

    COLDWELL BANKER REALTY

  • J

    Buyer Co-Listing Agent in 2017

    Jessica Lane

    UNITED REAL ESTATE

    (888) 501-6953

    Jessica Lane
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3431618

Garden State MLS

APN: 08-00133-0000-00001

New Jersey Essex County Glen Ridge 07028

523 Ridgewood Ave, Glen Ridge, NJ

This home is located at 523 Ridgewood Ave, Glen Ridge, NJ 07028 since 17 November 2017 and is currently estimated at $2,389,715, approximately $875 per square foot. This property was built in 1920. 523 Ridgewood Ave is a home located in Essex County with nearby schools including Forest Avenue School, Ridgewood Avenue School, and Glen Ridge High School.

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