NOT LISTED FOR SALE

8 Sherman Ave Closter, NJ 07624

Estimated Value: $2,961,000 - $3,593,000

6 Beds
6.5 Baths
2,625 Sq Ft
$1,253/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $2,889,000 $1,101 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $21,979/month

124 Days on Market

Highlights

  • New Construction
  • Heated In Ground Pool
  • Central Air
  • Hillside Elementary School Rated A
  • En-Suite Primary Bedroom
  • 3-minute walk to MacBain Farm Park

About This Home

As of July 2022

MINUTES DRIVE/WALK TO TOWN-WHOLEFOODS/TARGET/EATERIES, SHORT DRIVE2GWB. Magnificent NEW CONSTRUCTION ON OVERSIZED LOT SET ON ONE OF THE BEST STREETS ON THE EAST HILL OF CLOSTER with POOL/OUTDOOR LIVING. COMPLETION 1st QTR OF 2022!THIS STUNNING 6 BEDROOM 6 FULL BATH AND 1 HALF BATH HOME WITH OPEN FLOOR PLAN IS DESIGNED FOR COMFORT, ENTERTAINING,AND MODERN LIVING. 2STORY ENTRY FOYER OPENS TO STUNNING 2STORY GREAT ROOM WITH LOTS OF LARGE WINDOWS OVERLOOKING THE LUSH PROPERTY,OPEN TO GOURMET KITCHEN CUSTOM KITCHEN WITH BREAKFAST AREA,SLIDES OPEN TO COVERED PORCH.BEDROOM/OFFICE WITH FULL BATH,POWDER ROOM,MUD ROOM,FORMAL LIVING ROOM AND DINNING ROOM COMPLETES FIRST FLOOR.SECOND FLOOR OFFERS LUXURIOUS MASTER SUITE WITH SITTING AREA,HUGE WALK-IN CLOSET AND ELEGANT MASTER BATH.3MORE BEDROOMS WITH EN-SUITE BATHS AND LAUNDRY ROOM.LOWER LEVEL OFFERS BEDROOM WITH FULL BATH,GYM, home THEATER AND REC RM.RADIANT FLOORS IN ALL BATHS. MULTI ZONES of HEATING AND COOLING. PRE WIRED FOR GENERATOR

Last Agent to Sell the Property

Afsaneh Kiarash

Howard Hanna Rand Realty, Englewood Cliffs Listed on: 11/20/2021

Howard Hanna Rand Realty, Englewood Cliffs

Last Buyer's Agent

Norma Bonilla

Prominent Properties Sotheby's International Realty-Tenafly

Prominent Properties Sotheby's International Realty-Tenafly

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,484

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x150
  • Rectangular Lot

Home Design

  • New Construction

Interior Spaces

  • Gas Fireplace
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Pool

  • Heated In Ground Pool
  • Gunite Pool

Schools

  • Hillside Elementary School
  • Tenakill Elementary Middle School
  • Northern Valley Dem. High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Radiant Heating System

Listing and Financial Details

  • Legal Lot and Block 00008 / 02104

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,484

Lot Details

0

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Corporate
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Regular
  • View Type:Pond View: None
  • Co List Office Phone: 201-567-5335
  • MLS Status: Sold - Sold
  • Directions: Alpine Dr to Sherman
  • Reso Fireplace Features: 1 Fireplace, Gas
  • Year Built Details: New Const-New Fdn
  • PropertySubTypeAdditional: Cntr Hl
  • Power Production Ownership: Unknown
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Primary Bathroom: Yes
  • Basement Remarks: GYM,THEATRE,REC RM,BED RM W BATH,1/2 BTH

Exterior Features

  • Pool Features: Gunite, Heated, In Ground
  • Pool Private: Yes
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Construction Type: Cement Siding, Stone

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air, Hot Water, Zoned, Radiant

Schools

  • Elementary School: Hillside E.S.
  • High School: Northern Valley Dem.
  • Middle Or Junior School: Tenakill E.S.
  • Elementary: Hillside E.S.

Lot Info

  • Lot Dimensions: 100x150
  • Lot Size Sq Ft: 15000.0

Tax Info

  • Tax Block: 02104
  • Tax Lot: 00008

MLS Schools

  • High School Text: Northern Valley Dem.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2021
Closed on
Jul 29, 2022
Sold by
Diamond Engineers And Developers Inc
Bought by
Desai Ashish B and Desai Bansri S
Seller's Agent
Afsaneh Kiarash
Howard Hanna Rand Realty, Englewood Cliffs
Buyer's Agent
Norma Bonilla
Prominent Properties Sotheby's International Realty-Tenafly
List Price
$2,889,000
Sold Price
$2,889,000
Current Estimated Value
$3,288,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$399,678
Avg. Annual Appreciation
4.21%
Original Mortgage
$2,311,200
Outstanding Balance
$2,185,553
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$1,103,125

Purchase Details

Closed on
Feb 3, 2021
Sold by
Rhee Suzan
Bought by
Diamond Engineers And Developers Inc

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
3%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 27, 2004
Sold by
Choi Young Hee
Bought by
Rhee Suzan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.33%

Purchase Details

Closed on
Jun 21, 1999
Sold by
Choi Jae and Choi Young Hee
Bought by
Choi Young Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,800
Interest Rate
6.75%

Purchase Details

Closed on
Sep 16, 1994
Sold by
Lapira Vittori
Bought by
Sapiro Vitaly and Sapiro Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
8.56%
Source: Public Records

Range of Values:

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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
Desai Ashish B $2,889,000 Gundersen George G
Diamond Engineers And Developers Inc $650,000 Westcor Land Title Ins Co
Diamond Engineers & Developers I $650,000 Westcor Land Title
Rhee Suzan $770,000 --
Choi Young Hee -- --
Choi Young Hee $442,500 --
Sapiro Vitaly $373,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desai Ashish B $2,311,200
Previous Owner Diamond Engineers And Develope $400,000
Previous Owner Diamond Engineers & Developers I $1,000,000
Previous Owner Rhee Susan $410,000
Previous Owner Rhee Susan $150,000
Previous Owner Rhee Suzan $280,000
Previous Owner Rhee Suzan $320,000
Previous Owner Choi Young Hee $331,800
Previous Owner Sapiro Vitaly $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $2,889,000 0.0% $1,101 / Sq Ft
03/24/2022 03/24/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $2,889,000 0.0% $1,101 / Sq Ft
02/03/2022 02/03/22 Off Market $2,889,000 -- --
11/20/2021 11/20/21 For Sale $2,889,000 -- $1,101 / Sq Ft
Source: New Jersey 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 $53,484 $2,676,600 $612,000 $2,064,600
2024 $52,271 $2,527,600 $592,000 $1,935,600
2023 $46,693 $2,438,000 $572,000 $1,866,000
2022 $10,994 $497,000 $497,000 $0
2021 $17,911 $777,400 $482,000 $295,400
2020 $17,527 $782,100 $484,500 $297,600
2019 $17,153 $773,700 $480,500 $293,200
2018 $16,991 $763,300 $474,500 $288,800
2017 $17,348 $760,200 $452,600 $307,600
2016 $17,021 $760,200 $452,600 $307,600
2015 $16,648 $760,200 $452,600 $307,600
2014 $16,185 $760,200 $452,600 $307,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 21045734

New Jersey MLS

APN: 07-02104-0000-00008