NOT LISTED FOR SALE

56 Chestnut St Millburn, NJ 07041

Estimated Value: $1,365,000 - $1,718,000

5 Beds
2.5 Baths
2,946 Sq Ft
$500/Sq Ft Est. Value

Last Sold August 23, 2022

Last sale price $949,999 $322 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $9,330/month

14 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Formal Dining Room
  • Wyoming Elementary School Rated A+
  • Wood Flooring
  • Thermal Windows

About This Home

As of August 2022

Beautifully maintained Colonial with 9' high ceilings on the first floor, 5 bedrooms, 2.5 baths, ideally located on huge totally level property on a very quiet street, walking distance to top rated Wyoming Elementary School (0.3 miles), Trader Joes (0.4 miles), the Millburn Train Station (0.6 miles) & downtown Millburn, Millburn Middle School (0.9 miles) and Millburn High School (1.2 miles)! The 1st level features a beautiful sun-drenched living room, a spacious dining room with fireplace & arched entry into the bright eat-in kitchen with white cabinets, great natural light from the windows overlooking the totally level backyard and expansive side yard. 1st level also features a convenient laundry room. The 2nd level features a large primary bedroom with great natural light and a huge walk-in closet, beautiful full bath and 2 more spacious bedrooms. The 3rd level has 2 bedrooms, one with a large walk-in closet, and a full bath. There is an incredible, spacious 2 level deck off of the dining room that is perfect for al fresco dining and entertaining. Gleaming hardwood floors, and extensive storage space. Home is situated on huge perfectly manicured lot with beautiful trees and the totally level backyard & deck are very private. With great natural light and the ideal Millburn location, this home is a must see! Low taxes!

Last Agent to Sell the Property

ARLENE GORMAN GONNELLA

WEICHERT REALTORS Listed on: 06/22/2022

Last Buyer's Agent

Mukta Bhatia

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,204

Year Built

  • Built in 1895 | Remodeled

Lot Details

  • 0.34 Acre Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Wood Siding
  • Tile

Interior Spaces

  • 2,946 Sq Ft Home
  • Wood Burning Fireplace
  • Thermal Windows
  • Entrance Foyer
  • Living Room
  • Dining Room with Fireplace
  • Formal Dining Room
  • Storage Room
  • Utility Room
  • Unfinished Basement
  • Sump Pump

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • <<microwave>>
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • In-Law or Guest Suite

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio

Schools

  • Wyoming Elementary School
  • Millburn Middle School
  • Millburn High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1612-00306-0000-00005-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,204

Year Built

Built in 1895 | Remodeled

Lot Details

0

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1895
  • Year Built Description: Renovated
  • County Name: Essex
  • Exclusions: See Listing Agent
  • Renovated Year: 2013
  • Street Number Display: 56
  • Directions: Millburn Ave to Wyoming Ave to Chestnut St.
  • I D: 5159546
  • Modified: 2023-08-24
  • Number Images: 47
  • Section Subdiv Development: Wyoming
  • First Name: ARLENE GORMAN
  • First Name3: MUKTA
  • Last Name: GONNELLA
  • Last Name3: BHATIA
  • Office Phone: 973-376-4545
  • Office Phone3: 973-376-5200
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2013

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Dining Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Sump Pump, Washer
  • Interior Amenities: Carbon Monoxide Detector, Smoke Detector, TubShowr, Walk-In Closet
  • Number Rooms: 9
  • Bedrooms: 5
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Third
  • Primary Bathroom Features: Stall Shower And Tub
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished
  • Basement Level Rooms: Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: Second
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, Full Bath
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 15x16
  • Kitchen Level: First
  • Living Room Dim: 27x17
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 15x33
  • Other Room1 Level: Third
  • Other Room 2: Laundry Room
  • Other Room2 Level: First
  • Level 1 Rooms: Dining Room, Foyer, Kitchen, Laundry Room, Living Room, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main
  • Level 3 Rooms: 2 Bedrooms, Bath(s) Other
  • Estimated Sq Ft: 2946
  • Phone: 973-376-4545

Exterior Features

  • Exterior Description: Wood
  • Exterior Features: Deck, Patio, Thermal Windows/Doors
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

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

Schools

  • Elementary School: WYOMING
  • Middle School: MILLBURN
  • High School: MILLBURN
  • High School: MILLBURN
  • Middle Jr High School: MILLBURN

Lot Info

  • Lot Size: 100X150
  • Assessed Improvement Value: 279300
  • Assessed Land Value: 458200
  • Assessment: 737500
  • Lot Description: Level Lot
  • Lot Identifier: 5
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.34
  • Zoning: Residential

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 14204
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1612-00306-0000-00005-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 1.938
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: WYOMING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2022
Closed on
Aug 1, 2022
Sold by
Benedict Lee J and Benedict Judith H
Bought by
Singh Amarendra Kumar and Singh Nandita
Seller's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
Buyer's Agent
Mukta Bhatia
COLDWELL BANKER REALTY
List Price
$828,000
Sold Price
$949,999
Premium/Discount to List
$121,999
14.73%
Current Estimated Value
$1,471,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$521,750
Avg. Annual Appreciation
13.47%
Original Mortgage
$759,999
Outstanding Balance
$723,872
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$641,426

Purchase Details

Closed on
May 26, 1989
Sold by
Mytelka Arnold K and Mytelka Rosalind
Bought by
Benedict Lee J and Benedict Versenyi,Judith H
Source: Public Records

Range of Values:

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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
Singh Amarendra Kumar $949,999 --
Benedict Lee J $262,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Amarendra Kumar $759,999
Previous Owner Benedict Lee J $548,000
Previous Owner Benedict Lee J $120,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2022 08/23/22 Sold $949,999 +14.7% $322 / Sq Ft
07/06/2022 07/06/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $828,000 -- $281 / 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
2024 $14,426 $737,500 $458,200 $279,300
2023 $14,330 $737,500 $458,200 $279,300
2022 $14,330 $737,500 $458,200 $279,300
2021 $14,293 $737,500 $458,200 $279,300
2020 $14,204 $737,500 $458,200 $279,300
2019 $14,234 $737,500 $458,200 $279,300
2018 $14,027 $737,500 $458,200 $279,300
2017 $13,688 $737,500 $458,200 $279,300
2016 $14,481 $672,300 $350,800 $321,500
2015 $14,152 $672,300 $350,800 $321,500
2014 $13,554 $672,300 $350,800 $321,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3791234

Garden State MLS

APN: 12-00306-0000-00005