Seller's Agent in 2022
Kim Cannon
PROMINENT PROPERTIES SIR
(609) 947-4493
1 in this area
157 Total Sales
601 Valley Rd Watchung, NJ 07069
Estimated Value: $2,652,000 - $3,042,000
9
Beds
7.5
Baths
5,847
Sq Ft
$495/Sq Ft
Est. Value
Highlights
- Sitting Area In Primary Bedroom
- Custom Home
- Deck
- Bayberry Elementary School Rated A-
- 3.35 Acre Lot
- Dining Room with Fireplace
About This Home
As of July 2022LUXURY-PRIVACY-LOCATION IN CLOSE PROXIMITY TO ALL are paramount to this one-of-a-kind staycation residence with it's spectacular Main House, Renovated separate Carriage House, newly constructed 3-car heated garage w/ a fabulous Loft Apt above all situated on over 3 acres of stunning property. Renovated to the highest standards throughout, this property offers versatile flex living space for day-to-day open concept living, elegant entertaining spaces, tucked away options for multiple home offices, virtual learning, & guest quarters for extended visits w/ample pkg areas. This home ticks all the boxes! Enter from the wonderful wrap-around 'lemonade' porch to a grand Foyer where your journey begins. A high-end custom kitchen opens to the large family room overlooking courtyard property. The LUXE Master Suite w/marble bath offers access to a secluded deck w/views of exceptional sweeping lawns. Steeped with history, this home once known as Villa Elsinore, adds a pedigree to this circa 1901 estate. A series of updates & renovations by the current owners blended beautiful, period details w/modern amenities for today's lifestyle. A rare opportunity to enjoy your own country compound just 4 miles to Summit's Train Station & minutes to major highways, local airports & more.
Last Buyer's Agent
SUSAN J TUCKER
COLDWELL BANKER REALTY
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $34,511
Year Built
- Built in 1905
Lot Details
- 3.35 Acre Lot
- Fenced
- Level Lot
- Open Lot
- Sprinkler System
Parking
- 4 Car Direct Access Garage
- Garage Door Opener
- Private Driveway
- Additional Parking
Home Design
- Custom Home
- Carriage House
- Wood Siding
- Stone Siding
- Tile
Interior Spaces
- Beamed Ceilings
- High Ceiling
- Wood Burning Fireplace
- Gas Fireplace
- Thermal Windows
- Window Treatments
- Mud Room
- Family Room with Fireplace
- Family Room with entrance to outdoor space
- Living Room with Fireplace
- Dining Room with Fireplace
- 4 Fireplaces
- Breakfast Room
- Formal Dining Room
- Library
- Workshop
- Storage Room
- Utility Room
- Storm Doors
Kitchen
- Eat-In Kitchen
- Butlers Pantry
- Self-Cleaning Oven
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
- Wine Refrigerator
- Kitchen Island
Flooring
- Wood
- Wall to Wall Carpet
- Laminate
- Stone
Bedrooms and Bathrooms
- 9 Bedrooms
- Sitting Area In Primary Bedroom
- Primary bedroom located on second floor
- En-Suite Primary Bedroom
- Walk-In Closet
- Powder Room
- In-Law or Guest Suite
- Jetted Tub in Primary Bathroom
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Front Basement Entry
Outdoor Features
- Deck
- Patio
- Storage Shed
- Outbuilding
- Porch
Schools
- Bayberry Elementary School
- Vally View Middle School
- Watchung High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Window Unit Cooling System
- Radiant Heating System
- Standard Electricity
- Water Filtration System
- Well
- Gas Water Heater
- Oil Water Heater
- Water Softener is Owned
Listing and Financial Details
- Assessor Parcel Number 2721-07002-0000-00004-0000-
- Tax Block *
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 22, 2025
Sold by
Mah Realty Management Llc
Bought by
Shroff Neil and Shroff Lauren Lohse
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Outstanding Balance
$2,092,563
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$800,701
Purchase Details
Listed on
Jul 11, 2022
Closed on
Jul 1, 2022
Sold by
Martino Barbara A and Martino Lauren
Bought by
Mah Realty Management Llc
Seller's Agent
Kim Cannon
PROMINENT PROPERTIES SIR
Buyer's Agent
SUSAN J TUCKER
COLDWELL BANKER REALTY
List Price
$2,395,000
Sold Price
$2,265,000
Premium/Discount to List
-$130,000
-5.43%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.06%
Purchase Details
Closed on
Jul 24, 2018
Sold by
Martino Barbara A and Goodman Michelle E
Bought by
Martnio Barbara A
Purchase Details
Closed on
Feb 15, 2011
Sold by
Martino Barbara A and Goodman Michelle E
Bought by
Martino Barbara A and Goodman Michelle E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.75%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jul 10, 2009
Sold by
Cartus Financial Corporation
Bought by
Martino Barbara A and Goodman Michelle E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.14%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 17, 2009
Sold by
Keller Dean and Keller Elizabeth
Bought by
Cartus Financial Corporation
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.14%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 9, 2004
Sold by
Illes David M
Bought by
Keller Dean
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.32%
Purchase Details
Closed on
Aug 28, 1996
Sold by
Searles Linda
Bought by
Illes Dave and Illes Christel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
8.11%
Purchase Details
Closed on
Oct 3, 1988
Sold by
Wellbrock Linda I
Bought by
Searles Linda I
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shroff Neil | $3,000,000 | Old Republic Title | |
| Shroff Neil | $3,000,000 | Old Republic Title | |
| Mah Realty Management Llc | $2,265,000 | Suburban Title Examiners | |
| Mah Realty Management Llc | $2,265,000 | Suburban Title Examiners | |
| Martnio Barbara A | -- | None Available | |
| Martino Barbara A | -- | Afrm Title & Abstract Llc | |
| Martino Barbara A | $1,500,000 | Multiple | |
| Cartus Financial Corporation | $1,550,000 | First American Title Ins Co | |
| Keller Dean | $1,600,000 | -- | |
| Illes Dave | $725,000 | -- | |
| Searles Linda I | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shroff Neil | $2,100,000 | |
| Closed | Shroff Neil | $2,100,000 | |
| Previous Owner | Martino Barbara A | $450,000 | |
| Previous Owner | Martino Barbara A | $642,550 | |
| Previous Owner | Martino Barbara A | $450,000 | |
| Previous Owner | Martino Barbara A | $300,000 | |
| Previous Owner | Martino Barbara A | $300,000 | |
| Previous Owner | Martino Barbara A | $705,000 | |
| Previous Owner | Martino Barbara A | $700,000 | |
| Previous Owner | Keller Dean | $1,000,000 | |
| Previous Owner | Illes Dave | $580,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/12/2022 07/12/22 | Sold | $2,265,000 | -5.4% | $387 / Sq Ft |
| 07/11/2022 07/11/22 | For Sale | $2,395,000 | -- | $410 / Sq Ft |
Source: Garden State MLS
Tax History Compared to Growth
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 | $43,169 | $2,350,100 | $535,000 | $1,815,100 |
| 2024 | $43,169 | $2,160,600 | $485,200 | $1,675,400 |
| 2023 | $41,698 | $2,043,000 | $453,400 | $1,589,600 |
| 2022 | $39,963 | $1,902,100 | $427,800 | $1,474,300 |
| 2021 | $45,223 | $2,107,300 | $415,200 | $1,692,100 |
| 2020 | $34,512 | $1,621,800 | $415,200 | $1,206,600 |
| 2019 | $34,057 | $1,641,300 | $415,200 | $1,226,100 |
| 2018 | $32,292 | $1,621,900 | $414,200 | $1,207,700 |
| 2017 | $32,616 | $1,648,100 | $394,400 | $1,253,700 |
| 2016 | $33,690 | $1,611,200 | $394,400 | $1,216,800 |
| 2015 | $32,943 | $1,555,400 | $375,500 | $1,179,900 |
| 2014 | $30,671 | $1,464,700 | $364,600 | $1,100,100 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Cannon
-
S
Buyer's Agent in 2022
SUSAN J TUCKER
COLDWELL BANKER REALTY
Map
Source: Garden State MLS
MLS Number: 3795349
APN: 21-07002-0000-00004
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