$650,000
SOLD DEC 29, 2015

59 Locust Ave Millburn, NJ 07041

3 Beds
3 Baths
1,729 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$376 Per Sq Ft

About This Home

As of November 2022

This home is located at 59 Locust Ave, Millburn, NJ 07041 and is currently priced at $650,000, approximately $375 per square foot. This property was built in 1928. 59 Locust Ave is a home located in Essex County with nearby schools including South Mountain School, Millburn Middle School, and Millburn High School.

Last Agent to Sell the Property

ARLENE GORMAN GONNELLA

WEICHERT REALTORS Brokerage Phone: 973-376-4545 Listed on: 12/29/2015

Last Buyer's Agent

Sindee Buchalter

COMPASS NEW JERSEY, LLC

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,092

Year Built

  • Built in 1928

Lot Details

  • 7,405 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,092

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Year Built: 1928
  • County Name: Essex
  • Street Number Display: 59
  • I D: 4550700
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 973-376-4545
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.10

Lot Info

  • Lot Size: 50X150
  • Total Acres: 0.17

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
2.32%
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
12.59%
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

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Range of Values:

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Average Value
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List 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 Type Sale Price Title Company
Deed $1,900,000 Heritage Abstract
Deed $730,000 Old Republic Title
Deed -- None Available
Deed $650,000 None Listed On Document
Deed $470,000 --
Deed $230,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,425,000 New Conventional
Previous Owner $511,000 New Conventional
Previous Owner $486,000 New Conventional
Previous Owner $64,350 Unknown
Previous Owner $520,000 New Conventional
Previous Owner $360,000 No Value Available
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: 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 $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

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Map

Source: Garden State MLS

MLS Number: 3237179

Garden State MLS

APN: 12-00605-0000-00017