NOT LISTED FOR SALE

7 Gates Place Wayne, NJ 07470

Estimated Value: $1,032,568 - $1,239,000

4 Beds
3.5 Baths
2,760 Sq Ft
$425/Sq Ft Est. Value

Last Sold July 26, 2019

Last sale price $770,000 $279 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $7,835/month

90 Days on Market

Highlights

  • In Ground Pool
  • Sitting Area In Primary Bedroom
  • Recreation Room
  • Albert P. Terhune Elementary School Rated A
  • Colonial Architecture
  • Wood Flooring

About This Home

As of July 2019

Stunning Center Hall Colonial with cul-de-sac location, an open floor plan and a spectacular outdoor oasis. Grand two story entry foyer leads to formal living room and dining room both with hardwood floors and custom molding. Gourmet eat-in kitchen with wood cabinetry, center island, stainless steel appliances, granite counters and separate dining area. Elegant family room with designer finishes,fireplace and door leading to rear patio with custom brick fireplace overlooking heated in-ground pool, patio area and coy fish pond. Second floor offers 4 large bedrooms and 2 full baths. Master Bedroom Suite has sitting area, walk-in closet, vaulted ceiling & luxurious master bath. Finished basement with family room and wetbar, gym, kitchen and full bath. Located in one of Wayne's most desirable neighborhoods!

Last Agent to Sell the Property

Eugene Lowe

HOWARD HANNA RAND REALTY Listed on: 03/14/2019

HOWARD HANNA RAND REALTY

Last Buyer's Agent

Bernadeta Godek

NJ SOLUTIONS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,744

Year Built

  • Built in 1996

Lot Details

  • 0.37 Acre Lot
  • Cul-De-Sac
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Vinyl Siding
  • Tile

Interior Spaces

  • Wet Bar
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Game Room
  • Home Gym
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Jetted Tub in Primary Bathroom

Outdoor Features

  • In Ground Pool
  • Patio

Schools

  • Ap Terhune Elementary School
  • Sch-Colfax Middle School
  • Wayne Hills High School

Utilities

  • Zoned Heating and Cooling System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2514-03200-0000-00061-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,744

Year Built

Built in 1996

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1996
  • Year Built Description: Approximate
  • County Name: Passaic
  • Exclusions: Sauna
  • Directions: Berdan Ave to Pancake Hollow then left onto Brandywine and left onto Gates Place
  • I D: 4877406
  • First Name: GENE
  • First Name2: EUGENE
  • First Name3: BERNADETA
  • Last Name: LOWE
  • Last Name2: LOWE
  • Last Name3: GODEK
  • Office Phone: 973-694-6500
  • Office Phone3: 732-382-0200
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Family Room
  • Number of Fireplaces: 1
  • Appliances: Range/Oven-Gas, Refrigerator, Dishwasher
  • Interior Amenities: Bar-Wet, Walk-In Closet, Carbon Monoxide Detector, Smoke Detector
  • Bedrooms: 4
  • Master Bedroom Desc: Sitting Room, Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Jetted Tub
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Full
  • Basement Level Rooms: Sauna, GameRoom, Exercise Room, Bath(s) Other, Kitchen, Rec Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: Basement
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen, Separate Dining Area
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 2: Rec Room
  • Other Room2 Level: Basement
  • Level 1 Rooms: Laundry Room, Foyer, OutEntrn, GarEnter, Living Room, Dining Room, Powder Room, Family Room, Kitchen
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Phone: 973-694-6500

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: OutDrKit, Patio, Curbs
  • Pool: Yes
  • Pool Description: In-Ground Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 4
  • Parking Driveway Description: 2 Car Width

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Hotwater, Multi-Zone
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • High School: WAYNE HILLS
  • Middle Jr High School: SCH-COLFAX

Lot Info

  • Lot Size: .372 AC
  • Easement: Unknown
  • Lot Description: Level Lot, Cul-De-Sac
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.37

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 18744
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2514-03200-0000-00061-0000-
  • Tax Rate Amount: 5.465
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: AP TERHUNE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2019
Closed on
Jul 24, 2019
Sold by
Oberti Richard and Oberti Laurie Worzel
Bought by
Mugalu Geoffrey and Mugalu Susan
Seller's Agent
Eugene Lowe
HOWARD HANNA RAND REALTY
Buyer's Agent
Bernadeta Godek
NJ SOLUTIONS REALTY
List Price
$799,000
Sold Price
$770,000
Premium/Discount to List
-$29,000
-3.63%
Current Estimated Value
$1,173,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,142
Avg. Annual Appreciation
6.71%
Original Mortgage
$570,000
Outstanding Balance
$498,442
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$674,700

Purchase Details

Closed on
Feb 15, 1996
Sold by
Waters Edge Devel
Bought by
Oberti Richard and Oberti Laurie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Mugalu Geoffrey $770,000 Sage Title & Setmnt Svcs Llc
Oberti Richard $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mugalu Geoffrey $570,000
Previous Owner Oberti Richard $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2019 07/26/19 Sold $770,000 -3.6% $279 / Sq Ft
06/12/2019 06/12/19 Pending -- -- --
03/14/2019 03/14/19 For Sale $799,000 -- $289 / 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 $20,395 $343,000 $128,900 $214,100
2024 $19,613 $343,000 $128,900 $214,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3538735

Garden State MLS

APN: 14-03200-0000-00061