NOT LISTED FOR SALE

Estimated Value: $761,000 - $900,000

4 Beds
2 Baths
-- Sq Ft
0.36 Acres

Last Sold January 22, 2021

Last sale price $625,000

Est. 34% increase in value since last sale

Current estimated payment $5,582/month

6 Days on Market

Highlights

  • Colonial Architecture
  • Wood Burning Stove
  • Attic
  • Bedwell Elementary School Rated A
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of January 2021

This quaint bank house is nestled in the heart of Gladstone, surrounded by charming Victorian and other antique homes. A unique offering since this property offers 2nd home above the 3 car garage. The bank house offers a newly updated kitchen, wood floors throughout, 2 enclosed porches, 3 beds, 1 bath and wood stove. Above the garage, this home is ideal as a home office or in-law suite or income producer. It is 1 or 2 beds, living/dining room, kitchen, laundry, patio. New roofs and gutters on both houses. Exteriors of both homes painted. Large enclosed backyard features 2 outbuildings, several patio areas, enclosed veggie garden. Close to NYC train, delicious restaurants, bank, post office, liquor stores and lots of recreational options like hiking, cycling, golf, horse riding. Blue ribbon schools!

Last Listed By

Michele Hill

TURPIN REAL ESTATE, INC. Listed on: 11/12/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,448

Year Built

  • Built in 1907

Lot Details

  • 0.36 Acre Lot
  • Wood Fence
  • Open Lot
  • Property is zoned R-11

Parking

  • 3 Car Garage
  • Tuck Under Garage

Home Design

  • Colonial Architecture
  • Stone Siding
  • Composition Shingle
  • Clapboard
  • Tile

Interior Spaces

  • Ceiling Fan
  • Wood Burning Stove
  • Blinds
  • Living Room with Fireplace
  • Den
  • Sun or Florida Room
  • Utility Room
  • Fire and Smoke Detector
  • Attic

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Enclosed patio or porch
  • Separate Outdoor Workshop

Schools

  • Bedwell Elementary School
  • Bernards Middle School
  • Bernards High School

Utilities

  • Central Air
  • One Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Multiple Heating Units
  • Radiator
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 2715-00004-0000-00006-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,448

Year Built

Built in 1907

Lot Details

0

Parking

3

Listing Details

  • Style: Extra House on Lot, Colonial
  • Primary Style: Extra House on Lot
  • Subproperty Type: Single Family
  • Year Built: 1907
  • Year Built Description: Approximate
  • County Name: Somerset
  • Possible Other Uses: Home-Office, Multi-Family
  • Street Number Display: 74
  • Directions: From center of Peapack to Gladstone, Mendham Rd past Jackson Ave, 8th house on the right
  • I D: 5031802
  • Modified: 2022-01-23
  • Number Images: 25
  • First Name: MICHELE
  • First Name3: MICHAEL
  • Last Name: HILL
  • Last Name3: GIACALONE
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile, Vinyl-Linoleum, Wood
  • Fireplace Description: Living Room, Wood Stove-Freestanding
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Range/Oven-Electric, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Smoke Detector, StallShw, TubShowr
  • Number Rooms: 11
  • Bedrooms: 4
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: First
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Den Level: Second
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, Den, FamilyRm, Full Bath, Living Room, SepEnter
  • Kitchen Area: Country Kitchen, Eat-In Kitchen
  • Kitchen Dim: 15x21
  • Kitchen Level: Ground
  • Living Room Dim: 16x30
  • Living Room Level: First
  • Other Room 1: Laundry Room
  • Other Room1 Dim: 17x9
  • Other Room1 Level: Ground
  • Other Room 2: Florida/3Season
  • Other Room2 Dim: 5x18
  • Other Room2 Level: First
  • Other Room 3: Attic
  • Other Room3 Dim: 19x29
  • Other Room3 Level: Third
  • Level 1 Rooms: 1 Bedroom, Bath Main, Florida/3Season, Living Room, Screened
  • Level 2 Rooms: 2 Bedrooms, Den
  • Level 3 Rooms: Attic
  • Ground Level Rooms: Kitchen, Laundry Room, Pantry, Utility Room
  • Phone: 908-234-9100

Exterior Features

  • Exterior Description: Clapboard, Composition Shingle, Stone, Stucco
  • Exterior Features: Enclosed Porch(es), Open Porch(es), Patio, Wood Fence, Workshop
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Under
  • Number Garage Spaces: 3
  • Number Parking Spaces: 3
  • Parking Driveway Description: Blacktop

Utilities

  • Cooling: 1 Unit, Ceiling Fan, Central Air, Window A/C(s)
  • Fuel Type: Gas-Natural, OilAbOut
  • Heating: 2 Units, Baseboard - Hotwater, Radiators - Steam
  • Sewer: Public Sewer
  • Utilities: Electric, Gas In Street, Gas-Natural
  • Water: Public Water

Schools

  • Elementary School: BEDWELL
  • Middle School: BERNARDS
  • High School: BERNARDS
  • High School: BERNARDS
  • Middle Jr High School: BERNARDS

Lot Info

  • Lot Size: .36 ACRES
  • Assessed Improvement Value: 185500
  • Assessed Land Value: 217000
  • Assessment: 402500
  • Easement: Unknown
  • Lot Description: Open Lot
  • Lot Identifier: 6
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.36
  • Zoning: R-11

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 7448
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2715-00004-0000-00006-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 1.870
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: BEDWELL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2020
Closed on
Jan 22, 2021
Sold by
Houghton Peter and Houghton Emily
Bought by
Paragano Nazario and Paragano Dominick
Seller's Agent
Michele Hill
TURPIN REAL ESTATE, INC.
Buyer's Agent
Michael Giacalone
RE/MAX HOUSE VALUES
List Price
$599,000
Sold Price
$625,000
Premium/Discount to List
$26,000
4.34%
Total Days on Market
6
Current Estimated Value
$839,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,310
Avg. Annual Appreciation
7.55%
Original Mortgage
$468,750
Outstanding Balance
$425,248
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$428,163

Purchase Details

Listed on
Jan 6, 2012
Closed on
Jan 6, 2012
Sold by
Dilullo Donna and Dilullo Michael
Bought by
Houghton Peter and Houghton Emily
Seller's Agent
Cheryl Maddaluna
KELLER WILLIAMS TOWNE SQUARE REAL
Buyer's Agent
KATHY MCCORMICK
KL SOTHEBY'S INT'L. REALTY
Sold Price
$342,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.89%
Original Mortgage
$338,148
Interest Rate
4%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 26, 2011
Sold by
Dilullo Donna and Dilullo Michael
Bought by
Dilullo Donna and Dilullo Michael

Purchase Details

Closed on
Apr 26, 2007
Sold by
Dilullo Phyllis and Dilullo Frances
Bought by
Dilullo Frances

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
Paragano Nazario $625,000 Westcor Land Title Ins Co
Houghton Peter $347,000 Chicago Title Insurance Co
Dilullo Donna -- None Available
Dilullo Frances -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paragano Nazario $468,750
Previous Owner Houghton Peter $100,000
Previous Owner Houghton Peter $338,148
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2021 01/22/21 Sold $625,000 +4.3% --
11/18/2020 11/18/20 Pending -- -- --
11/12/2020 11/12/20 For Sale $599,000 +75.1% --
01/06/2012 01/06/12 Sold $342,000 -- --
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 $11,148 $653,100 $279,500 $373,600
2023 $10,991 $618,500 $266,200 $352,300
2022 $10,800 $587,600 $246,000 $341,600
2021 $10,319 $551,800 $234,300 $317,500
2020 $7,563 $402,500 $217,000 $185,500
2019 $7,448 $398,300 $212,800 $185,500
2018 $7,399 $394,000 $210,700 $183,300
2017 $7,250 $381,200 $188,100 $193,100
2016 $7,169 $373,600 $184,300 $189,300
2015 $6,924 $367,500 $180,800 $186,700
2014 $6,675 $351,300 $175,500 $175,800
Source: Public Records

Agents Affiliated with this Home

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Source: Garden State MLS

MLS Number: 3678098

Garden State MLS

APN: 15-00004-0000-00006