NOT LISTED FOR SALE

55 Melrose Place Montclair, NJ 07042

Estimated Value: $1,864,000 - $2,186,000

5 Beds
3.5 Baths
3,498 Sq Ft
$573/Sq Ft Est. Value

Last Sold January 31, 2018

Last sale price $1,155,000 $330 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $13,419/month

14 Days on Market

Highlights

  • Colonial Architecture
  • Living Room with Fireplace
  • Wood Flooring
  • Hillside School Rated A
  • Recreation Room
  • Sun or Florida Room

About This Home

As of January 2018

Classic 1912 Estate section colonial respectfully and meticulously restored by architect/designer owners. Reconfigured fabulous floor plan with custom, sparkling kitchen and new baths. Wrap-around stone terrace integrates the outdoors to the lovely first floor rooms and overlooks a lushly landscaped level backyard. A beautiful blend of original architectural charm and modern amenities. NYC bus on the corner. A Gem!

Last Agent to Sell the Property

Kathleen McDonough

PROMINENT PROPERTIES SIR Listed on: 11/13/2017

PROMINENT PROPERTIES SIR

Last Buyer's Agent

JON EKLUND

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,142

Year Built

  • Built in 1912

Lot Details

  • 0.31 Acre Lot
  • Privacy Fence
  • Wood Fence
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Wood Shingle Roof
  • Composition Shingle Roof
  • Tile

Interior Spaces

  • Sound System
  • High Ceiling
  • Track Lighting
  • Wood Burning Fireplace
  • Thermal Windows
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Sun or Florida Room
  • Storage Room
  • Laundry Room
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Walk-In Closet
  • Powder Room
  • Bidet
  • Separate Shower

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Front Basement Entry

Home Security

  • Storm Windows
  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Magnet Elementary School
  • Montclair High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1613-01210-0000-00010-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,142

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1912
  • Year Built Description: Approximate
  • County Name: Essex
  • Exclusions: Washer/dryer, LR/MBR drapes
  • Street Number Display: 55
  • Directions: Harrison to Melrose
  • I D: 4760114
  • Modified: 2021-09-23
  • Number Images: 25
  • First Name: KATHLEEN
  • First Name3: JON
  • Last Name: MCDONOUGH
  • Last Name3: EKLUND
  • Office Phone: 973-783-6900
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Stone, Tile, Wood
  • Fireplace Description: Non-Functional, Bedroom 1, Living Room, Wood Burning
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Dishwasher, Self Cleaning Oven, Kitchen Exhaust Fan, Microwave Oven
  • Interior Amenities: Cedar Closets, Bidet, Blinds, Fire Extinguisher, Window Treatments, Carbon Monoxide Detector, High Ceilings, Stereo System, Smoke Detector, Track Lighting
  • Number Rooms: 10
  • Bedrooms: 5
  • Master Bedroom Desc: Fireplace, Full Bath, Walk-In Closet
  • Primary Bathroom Features: Bidet, Stall Shower
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Walkout, Finished, Full
  • Basement Level Rooms: Utility Room, Walkout, Storage Room, Rec Room
  • Dining Area: Formal Dining Room
  • Kitchen Area: Center Island, Pantry, Eat-In Kitchen
  • Level 1 Rooms: Laundry Room, MudRoom, Foyer, Living Room, Pantry, Dining Room, Entrance Vestibule, Powder Room, Sunroom, Family Room, Kitchen
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: 1 Bedroom, Office, Bath Main
  • Phone: 973-783-6900

Exterior Features

  • Exterior Description: Stucco, Wood Shingle
  • Exterior Features: Patio, Storm Door(s), Enclosed Porch(es), Metal Fence, Storm Window(s), Wood Fence, Curbs, Open Porch(es), Privacy Fence, Sidewalk, Thermal Windows/Doors
  • Roof Description: Composition Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Detached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

  • Cooling: Window A/C(s)
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Radiators - Steam
  • Sewer: Public Sewer, Sewer Charge Extra
  • Utilities: Electric, Gas In Street
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: MAGNET
  • High School: MONTCLAIR
  • High School: MONTCLAIR

Lot Info

  • Lot Size: 89X150
  • Assessed Improvement Value: 419400
  • Assessed Land Value: 327500
  • Assessment: 746900
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 10
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.31
  • Zoning: Single Family

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 27142
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1613-01210-0000-00010-0000-
  • Tax Rate Amount: 3.634
  • Tax Rate Tax: *
  • Tax Rate Year: 2016
  • Tax Year Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: MAGNET

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2017
Closed on
Jan 31, 2018
Sold by
Loughran John M and Loughran Mary B
Bought by
Jaiswal Ashish and Jaiswal Mohini
Seller's Agent
Kathleen McDonough
PROMINENT PROPERTIES SIR
Buyer's Agent
JON EKLUND
PROMINENT PROPERTIES SIR
List Price
$998,000
Sold Price
$1,155,000
Premium/Discount to List
$157,000
15.73%
Current Estimated Value
$2,005,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$850,540
Avg. Annual Appreciation
7.36%
Original Mortgage
$600,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2003
Sold by
Ferguson Frederick
Bought by
Loughran John Michael and Loughran Marybeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
5.86%
Source: Public Records

Range of Values:

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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
Jaiswal Ashish $1,155,000 --
Loughran John Michael $700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaiswal Ashish C $580,000
Closed Jaiswal Ashish $600,000
Previous Owner Loughran John Michael $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2018 01/31/18 Sold $1,155,000 +15.7% $330 / Sq Ft
11/27/2017 11/27/17 Pending -- -- --
11/13/2017 11/13/17 For Sale $998,000 -- $285 / 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 $30,150 $892,000 $316,400 $575,600
2024 $30,150 $892,000 $316,400 $575,600
2022 $28,747 $874,300 $316,400 $557,900
2021 $28,249 $874,300 $316,400 $557,900
2020 $27,794 $874,300 $316,400 $557,900
2019 $27,505 $874,300 $316,400 $557,900
2018 $26,516 $857,000 $316,400 $540,600
2017 $27,889 $746,900 $327,500 $419,400
2016 $27,142 $746,900 $327,500 $419,400
2015 $26,336 $746,900 $327,500 $419,400
2014 $25,454 $746,900 $327,500 $419,400
Source: Public Records

Agents Affiliated with this Home

  • Kathleen McDonough

    Seller's Agent in 2018

    Kathleen McDonough

    PROMINENT PROPERTIES SIR

    (973) 233-1164

    68 in this area

    109 Total Sales

    Kathleen McDonough
    Section Image

  • J

    Buyer's Agent in 2018

    JON EKLUND

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3430751

Garden State MLS

APN: 13-01210-0000-00010

New Jersey Essex County Montclair 07042

55 Melrose Place, Montclair, NJ

This home is located at 55 Melrose Place, Montclair, NJ 07042 since 13 November 2017 and is currently estimated at $2,005,540, approximately $573 per square foot. This property was built in 1912. 55 Melrose Place is a home located in Essex County with nearby schools including Hillside School, Nishuane School, and Bradford School.

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