NOT LISTED FOR SALE

59 Locust Ave Millburn, NJ 07041

Estimated Value: $1,782,000 - $2,292,000

5 Beds
4.5 Baths
1,729 Sq Ft
$1,168/Sq Ft Est. Value

Last Sold November 22, 2022

Last sale price $1,900,000 $1,099 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $12,940/month

19 Days on Market

Highlights

  • En-Suite Primary Bedroom
  • Central Air
  • Rectangular Lot
  • South Mountain School Rated A+

About This Home

As of November 2022

Stunning custom built 5BR/4.5BA colonial with 4000+sq ft of living space in the best location of the best town! This home boasts spacious open floor plan,1st floor Livingroom, family room and formal dining room, The kitchen is complete w high-end SS appliances, center island ,quartz counters, custom cabinets. The 2nd floor is home to 4 bedrooms, luxurious master suite , laundry . The 3rd floor has own suite with a living room. Fully finished basement ,Media room, Rec room and Full bath. All build in closets .Walking distance to schools and train station to NY CITY! Must see!!!

Last Agent to Sell the Property

Susanna Shen

Garden Home Realty Listed on: 09/14/2022

Last Buyer's Agent

Outside Agent

Outside Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,999

Lot Details

  • 7,501 Sq Ft Lot
  • Rectangular Lot

Parking

  • 1 Car Garage

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00017 / 00605

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,999

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Regular
  • View Type:Pond View: None
  • Co List Office Phone: (973) 533-0880
  • MLS Status: Sold - Sold
  • Directions: Millburn Ave to Locust
  • Reso Fireplace Features: 1 Fireplace
  • Year Built Details: 2020's
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Primary Bathroom: Yes

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - No
  • Construction Type: Other

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air, Zoned

Lot Info

  • Lot Size Sq Ft: 7501.0

Tax Info

  • Tax Annual Amount: 9999.0
  • Tax Block: 00605
  • Tax Lot: 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2022
Closed on
Nov 15, 2022
Sold by
Shen Susanna
Bought by
Srivastava Aditi and Footer Evan
Seller's Agent
Susanna Shen
Garden Home Realty
Buyer's Agent
Outside Agent
Outside Office
List Price
$1,850,000
Sold Price
$1,900,000
Premium/Discount to List
$50,000
2.7%
Views
1
Current Estimated Value
$2,018,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,857
Avg. Annual Appreciation
2.35%
Original Mortgage
$1,425,000
Outstanding Balance
$1,386,472
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$632,385

Purchase Details

Closed on
May 26, 2021
Sold by
Iyer Venkat and Iyer Lakshmi
Bought by
Shen Susanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2017
Sold by
Pichuraman Venkatramani and Ganapathi Lakshmi
Bought by
Iyer Venkat and Iyer Lakshmi

Purchase Details

Listed on
Dec 29, 2015
Closed on
Dec 29, 2015
Sold by
Muska Karen and Muska Veffrey
Bought by
Pichuraman Venkatramani and Ganapathi Lakshmi
Seller's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
Buyer's Agent
Sindee Buchalter
COMPASS NEW JERSEY, LLC
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.64%
Original Mortgage
$64,350
Interest Rate
3.79%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 5, 2002
Sold by
Morshedi A Karim
Bought by
Muska Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.8%

Purchase Details

Closed on
Dec 5, 1988
Sold by
Lawrenz Werner H and Lawrenz Brigitte
Bought by
Morshedi Morshedi A and Morshedi Guity
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
Srivastava Aditi $1,900,000 Heritage Abstract
Shen Susanna $730,000 Old Republic Title
Iyer Venkat -- None Available
Pichuraman Venkatramani $650,000 None Listed On Document
Muska Karen $470,000 --
Morshedi Morshedi A $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Srivastava Aditi $1,425,000
Previous Owner Shen Susanna $511,000
Previous Owner Iyer Venkat $486,000
Previous Owner Ganapathi Lakshmi $64,350
Previous Owner Pichuraman Venkatramani $520,000
Previous Owner Muska Karen $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2022 11/22/22 Sold $1,900,000 +2.7% $1,099 / Sq Ft
10/03/2022 10/03/22 Pending -- -- --
09/14/2022 09/14/22 For Sale $1,850,000 +184.6% $1,070 / Sq Ft
12/29/2015 12/29/15 Sold $650,000 -- $376 / Sq Ft
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 $21,092 $1,078,300 $493,800 $584,500
2022 $14,137 $727,600 $493,800 $233,800
2021 $14,101 $727,600 $493,800 $233,800
2020 $14,014 $727,600 $493,800 $233,800
2019 $14,043 $727,600 $493,800 $233,800
2018 $13,839 $727,600 $493,800 $233,800
2017 $13,504 $727,600 $493,800 $233,800
2016 $15,207 $706,000 $339,200 $366,800
2015 $14,861 $706,000 $339,200 $366,800
2014 $14,233 $706,000 $339,200 $366,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Susanna Shen

    Garden Home Realty

    (973) 830-6228

    12 in this area

    108 Total Sales

    Susanna Shen
    Section Image

  • O

    Buyer's Agent in 2022

    Outside Agent

    Outside Office

  • A

    Seller's Agent in 2015

    ARLENE GORMAN GONNELLA

    WEICHERT REALTORS

  • S

    Buyer's Agent in 2015

    Sindee Buchalter

    COMPASS NEW JERSEY, LLC

    (973) 202-7260

    9 in this area

    22 Total Sales

    Sindee Buchalter
    Section Image

  • M

    Buyer Co-Listing Agent in 2015

    MARCIA HICKS

    WEICHERT REALTORS

See All Agents

Map

Source: New Jersey MLS

MLS Number: 22034035

New Jersey MLS

APN: 12-00605-0000-00017

New Jersey Essex County Millburn 07041

59 Locust Ave, Millburn, NJ

This home is located at 59 Locust Ave, Millburn, NJ 07041 since 14 September 2022 and is currently estimated at $2,018,857, approximately $1,167 per square foot. 59 Locust Ave is a home located in Essex County with nearby schools including South Mountain School, Millburn Middle School, and Millburn High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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