NOT LISTED FOR SALE

87 Locust Ave Millburn, NJ 07041

Estimated Value: $1,324,000 - $1,883,000

5 Beds
5 Baths
1,640 Sq Ft
$941/Sq Ft Est. Value

Last Sold August 21, 2023

Last sale price $1,050,000 $640 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $9,873/month

47 Days on Market

About This Home

As of August 2023

This home is located at 87 Locust Ave, Millburn, NJ 07041 since 01 June 2023 and is currently estimated at $1,543,455, approximately $941 per square foot. This property was built in 1949. 87 Locust Ave is a home located in Essex County with nearby schools including South Mountain School, Millburn Middle School, and Millburn High School.

Last Agent to Sell the Property

Shannon Xaviers

CHRISTIE'S INT. REAL ESTATE GROUP Brokerage Phone: 973-509-4649 Listed on: 06/01/2023

CHRISTIE'S INT. REAL ESTATE GROUP

Last Buyer's Agent

Deborah Silberstein

CHRISTIE'S INT. REAL ESTATE GROUP

CHRISTIE'S INT. REAL ESTATE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,553

Year Built

  • Built in 1949

Lot Details

  • 6,098 Sq Ft Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,553

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Year Built: 1949
  • County Name: Essex
  • Street Number Display: 87
  • I D: 5224325
  • Modified: 2024-08-22
  • Number Images: 1
  • Attribution Contact: 973-509-4649
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 4.10

Lot Info

  • Lot Size: 50X125
  • Total Acres: 0.14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2022
Closed on
Nov 10, 2022
Sold by
Bomfim Carlos C B and Bomfim Julia V
Bought by
Gleissner Michael
Seller's Agent
Shannon Xaviers
CHRISTIE'S INT. REAL ESTATE GROUP
Buyer's Agent
Shannon Xaviers
CHRISTIE'S INT. REAL ESTATE GROUP
List Price
$999,000
Sold Price
$999,000
Views
25
Current Estimated Value
$1,543,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$544,455
Avg. Annual Appreciation
15.74%

Purchase Details

Closed on
Sep 5, 2002
Sold by
Samiam Development Corp
Bought by
Bomfim Carlos Cb and Bomfim Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.36%

Purchase Details

Closed on
Oct 1, 1999
Sold by
Rothbard Irwin
Bought by
Samiam Develop
Source: Public Records

Range of Values:

Collateral Analytics

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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
Gleissner Michael $999,000 --
Bomfim Carlos Cb $450,000 --
Samiam Develop $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bomfim Carlos $200,000
Previous Owner Bomfim Carlos C B $303,000
Previous Owner Bomfim Carlos C B $330,000
Previous Owner Bomfim Carlos C B $190,000
Previous Owner Bomfim Carlos Cb $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2023 08/21/23 Sold $1,050,000 -4.5% $640 / Sq Ft
07/18/2023 07/18/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $1,100,000 +10.1% $671 / Sq Ft
11/18/2022 11/18/22 Sold $999,000 0.0% $609 / Sq Ft
10/31/2022 10/31/22 Pending -- -- --
10/13/2022 10/13/22 For Sale $999,000 -- $609 / 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 $17,553 $897,400 $491,700 $405,700
2024 $17,553 $897,400 $491,700 $405,700
2022 $16,337 $840,800 $491,700 $349,100
2021 $16,295 $840,800 $491,700 $349,100
2020 $16,194 $840,800 $491,700 $349,100
2019 $16,227 $840,800 $491,700 $349,100
2018 $15,992 $840,800 $491,700 $349,100
2017 $15,605 $840,800 $491,700 $349,100
2016 $14,503 $673,300 $335,800 $337,500
2015 $14,173 $673,300 $335,800 $337,500
2014 $13,574 $673,300 $335,800 $337,500
Source: Public Records

Agents Affiliated with this Home

  • Shannon Xaviers

    Seller's Agent in 2023

    Shannon Xaviers

    CHRISTIE'S INT. REAL ESTATE GROUP

    (415) 328-8016

    3 in this area

    55 Total Sales

    Shannon Xaviers
    Section Image
  • Deborah Silberstein

    Buyer's Agent in 2023

    Deborah Silberstein

    CHRISTIE'S INT. REAL ESTATE GROUP

    (908) 418-2656

    3 in this area

    69 Total Sales

    Deborah Silberstein
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3846607

Garden State MLS

APN: 12-00610-0000-00006

New Jersey Essex County Millburn 07041

87 Locust Ave, Millburn, NJ

This home is located at 87 Locust Ave, Millburn, NJ 07041 since 01 June 2023 and is currently estimated at $1,543,455, approximately $941 per square foot. This property was built in 1949. 87 Locust Ave is a home located in Essex County with nearby schools including South Mountain School, Millburn Middle School, and Millburn High School.

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