$1,595,000
SOLD JAN 15, 2025

8 Vela Way Edgewater, NJ 07020

4 Beds
4.5 Baths
3,358 Sq Ft
1,437 Sq Ft Lot

Recently Sold

$475 Per Sq Ft

48 Days on Market

About This Home

As of January 2025

This turn-key highly customized townhome is the perfect blend of elegance and modern living. With numerous improvements and renovations, this sophisticated townhouse is just minutes to NYC. Featuring a newly renovated chef's kitchen w/custom cabinetry, flooring, high-end appliances and a reconfigured layout w/center island and walk-in pantry. The great room offers a stunning living space w/ gas fpl, soaring ceilings and walls of glass. The lower level offers two versatile spaces that combine urban chic and cozy comfort, w/a newly renovated industrial designed media room w/climate controlled wine cellar and a multifunctional rec room, perfect for an office or guest retreat, w/new bath, new laundry room and access to a large patio. Tranquil primary suite w/new spa-like bath featuring a soaking tub and steam shower. The sky lounge is the showcase leisure room that leads to the expansive roof deck, a private outdoor oasis w/ endless views of the NYC skyline! A Must See!

Last Agent to Sell the Property

Dennis McCormack

Prominent Properties Sotheby's International Realty-Alpine Listed on: 10/01/2024

Prominent Properties Sotheby's International Realty-Alpine

Last Buyer's Agent

Yuliya Baksht

Proper Estates, Inc.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $17,738

Lot Details

  • River Front

Parking

  • 2 Car Garage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Schools

  • E Van Gelder/G Wash Elementary School
  • Leonia High School

Additional Features

  • Finished Basement

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$17,738

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Ownership: Private
  • PropertySubType: Townhouse
  • Co List Office Phone: (201) 768-9300
  • MLS Status: Sold - Sold
  • Directions: River Road to Vela Way
  • Year Built Details: 2000's
  • PropertySubTypeAdditional: Att/Row
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Basement: Finished, Partial
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Primary Bathroom: Yes
  • Basement Remarks: FINISHED MEDIA ROOM W/WINE CELLAR AND WET BAR
  • Laundry: In Unit

Exterior Features

  • Waterfront Features: River Front
  • Disclosures: Seller's Agent

Garage/Parking

  • Garage Spaces: 2.0

Schools

  • Elementary School: E Van Gelder/G Wash
  • High School: Leonia H.S.
  • Elementary: E Van Gelder/G Wash

Lot Info

  • Lot: 00001

MLS Schools

  • High School Text: Leonia H.S.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2024
Closed on
Jan 11, 2025
Sold by
Ahn Henry and Dube Raye
Bought by
Kanevsky Aleksander and Weinberg Natalia
Seller's Agent
Dennis McCormack
Prominent Properties Sotheby's International Realty-Alpine
Buyer's Agent
Yuliya Baksht
Proper Estates, Inc.
List Price
$1,595,000
Sold Price
$1,595,000
Views
51
Current Estimated Value
$1,612,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,384
Avg. Annual Appreciation
2.49%
Original Mortgage
$505,000
Outstanding Balance
$503,734
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$1,108,650

Purchase Details

Closed on
May 25, 2007
Sold by
Rosen Global Partners Llc
Bought by
Ahn Henry and Dube Raye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.17%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $1,595,000 First American Title Insurance
Bargain Sale Deed $1,595,000 First American Title Insurance
Trustee Deed $1,395,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $505,000 New Conventional
Closed $505,000 New Conventional
Previous Owner $835,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $900,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Sold $1,595,000 0.0% $475 / Sq Ft
11/18/2024 11/18/24 Pending -- -- --
10/01/2024 10/01/24 For Sale $1,595,000 -- $475 / 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
2024 $17,784 $1,141,600 $555,000 $586,600
2023 $17,738 $1,113,600 $540,000 $573,600
2022 $17,738 $1,100,400 $540,000 $560,400
2021 $22,530 $1,000,000 $550,000 $450,000
2020 $21,395 $1,100,000 $550,000 $550,000
2019 $20,856 $1,100,000 $550,000 $550,000
2018 $21,877 $1,193,500 $550,000 $643,500
2017 $21,483 $1,193,500 $550,000 $643,500
2016 $21,232 $1,193,500 $550,000 $643,500
2015 $20,946 $1,193,500 $550,000 $643,500
2014 $20,301 $1,193,500 $550,000 $643,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24031716

New Jersey MLS

APN: 13-00013-0000-00001-0000-C0008