NOT LISTED FOR SALE

7 Francis Place Montclair, NJ 07042

Estimated Value: $1,025,000 - $1,196,000

-- Bed
-- Bath
2,743 Sq Ft
$416/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $707,000 $258 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $7,938/month

20 Days on Market

About This Home

As of February 2021

This home is located at 7 Francis Place, Montclair, NJ 07042 since 19 November 2020 and is currently estimated at $1,140,830, approximately $415 per square foot. This property was built in 1922. 7 Francis Place is a home located in Essex County with nearby schools including Hillside School, Nishuane School, and Bradford School.

Last Agent to Sell the Property

Sam Joseph

PROMINENT PROPERTIES SIR Brokerage Phone: 973-744-5544 Listed on: 11/19/2020

Last Buyer's Agent

Bradley Horner

BROWN HARRIS STEVENS NEW JERSEY

BROWN HARRIS STEVENS NEW JERSEY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,515

Year Built

  • Built in 1922

Lot Details

  • 6,970 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,515

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Year Built: 1922
  • County Name: Essex
  • Street Number Display: 7
  • I D: 5031389
  • Modified: 2022-02-06
  • Number Images: 0
  • Attribution Contact: 973-744-5544
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 50X140
  • Total Acres: 0.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Feb 5, 2021
Sold by
Montclair Ue Ii Llc
Bought by
Ajayi Michael A and Ajayi Olivia A
Seller's Agent
Sam Joseph
PROMINENT PROPERTIES SIR
Buyer's Agent
Bradley Horner
BROWN HARRIS STEVENS NEW JERSEY
List Price
$699,000
Sold Price
$707,000
Premium/Discount to List
$8,000
1.14%
Current Estimated Value
$1,076,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$369,670
Avg. Annual Appreciation
11.19%
Original Mortgage
$565,600
Outstanding Balance
$508,171
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$632,659

Purchase Details

Closed on
May 23, 2018
Sold by
Maffei & M A Maffei Ret
Bought by
Montclair Ue 2 Llc

Purchase Details

Closed on
May 15, 2007
Sold by
Maffei John T
Bought by
Maffei John T and Maffei Margaret A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ajayi Michael A $707,000 Evident Title Agency Inc
Montclair Ue 2 Llc $958,500 --
Maffei John T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ajayi Michael $350,000
Open Ajayi Michael A $565,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2021 02/05/21 Sold $707,000 +1.1% $258 / Sq Ft
12/09/2020 12/09/20 Pending -- -- --
11/19/2020 11/19/20 For Sale $699,000 -- $255 / 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 $24,515 $725,300 $175,800 $549,500
2024 $24,515 $725,300 $175,800 $549,500
2022 $13,162 $400,300 $175,800 $224,500
2021 $12,397 $383,700 $175,800 $207,900
2020 $12,198 $383,700 $175,800 $207,900
2019 $12,071 $383,700 $175,800 $207,900
2018 $11,872 $383,700 $175,800 $207,900
2017 $11,676 $312,700 $123,500 $189,200
2016 $11,364 $312,700 $123,500 $189,200
2015 $11,026 $312,700 $123,500 $189,200
2014 $10,657 $312,700 $123,500 $189,200
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sam Joseph

    PROMINENT PROPERTIES SIR

    (917) 359-8990

    78 in this area

    205 Total Sales

    Section Image
  • Bradley Horner

    Buyer's Agent in 2021

    Bradley Horner

    BROWN HARRIS STEVENS NEW JERSEY

    (973) 801-6427

    21 in this area

    50 Total Sales

    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3679516

Garden State MLS

APN: 13-01402-0000-00023

New Jersey Essex County Montclair 07042

7 Francis Place, Montclair, NJ

This home is located at 7 Francis Place, Montclair, NJ 07042 since 19 November 2020 and is currently estimated at $1,140,830, approximately $415 per square foot. This property was built in 1922. 7 Francis Place is a home located in Essex County with nearby schools including Hillside School, Nishuane School, and Bradford 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.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes