NOT LISTED FOR SALE

88 Lorraine Ave Montclair, NJ 07043

Estimated Value: $2,053,000 - $2,330,000

6 Beds
3.5 Baths
4,857 Sq Ft
$446/Sq Ft Est. Value

Last Sold August 31, 2016

Last sale price $995,000 $205 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $14,583/month

67 Days on Market

Highlights

  • Sitting Area In Primary Bedroom
  • Colonial Architecture
  • Living Room with Fireplace
  • Bradford School Rated A-
  • Deck
  • Recreation Room

About This Home

As of August 2016

Memories are made in this stunning Classic Colonial located on one of Upper Montclair's most desired streets. Enormous wrap-around porch is perfect for parties or relaxing. The sun-soaked EIK opens onto large deck. Superbly maintained, updated throughout with 11 spacious rooms, 6 bedrooms, finished basement, 3.5 baths, 2 fireplaces. 3rd floor bonus room has many possibilities: home office, art/yoga studio, playroom. Over-sized garage. Fenced-in yard with tree house. Steps from mid-town direct train, NYC bus on corner. Near village shops, restaurants, theater & Brookdale Park. This house has it all!

Last Buyer's Agent

LINDA GROTENSTEIN

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,996

Year Built

  • Built in 1899

Lot Details

  • 0.51 Acre Lot
  • Privacy Fence
  • Level Lot
  • Historic Home

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Garage Door Opener
  • Private Driveway
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 4,857 Sq Ft Home
  • High Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Shades
  • Entrance Foyer
  • Family Room with entrance to outdoor space
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Storage Room
  • Utility Room
  • Home Gym

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Soaking Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Front Basement Entry
  • Sump Pump

Home Security

  • Intercom
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio
  • Porch

Schools

  • Magnet Elementary And Middle School
  • Montclair High School

Utilities

  • Forced Air Heating and Cooling System
  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 1613-03607-0000-00024-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,996

Year Built

Built in 1899

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1899
  • Year Built Description: Approximate, Historical
  • County Name: Essex
  • Street Number Display: 88
  • Directions: Grove St. or Park St. to Lorraine Avenue
  • I D: 4611132
  • Modified: 2021-09-23
  • Number Images: 24
  • First Name: PAULA
  • First Name3: LINDA
  • Last Name: DOYLE
  • Last Name3: GROTENSTEIN
  • Office Phone3: 973-233.2036
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Ceramic Tile, Laminate, Wood
  • Fireplace Description: Bedroom 1, Living Room, Wood Burning
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, Generator-Built-In, Refrigerator, OvnWGas, CookGas, Washer, Dishwasher, Disposal, Kitchen Exhaust Fan, Dryer, Microwave Oven, Sump Pump
  • Interior Amenities: Intercom, Fire Alarm Sys, Security System, Shades, High Ceilings, Skylight, Smoke Detector
  • Number Rooms: 11
  • Bedrooms: 6
  • Master Bedroom Desc: Fireplace, 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: Stall Shower And Tub, Soaking Tub
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished
  • Basement Level Rooms: Family Room, Storage Room, Rec Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: Basement
  • Kitchen Area: Center Island, Pantry, Eat-In Kitchen
  • Kitchen Dim: 17x19
  • Kitchen Level: First
  • Living Room Dim: 16x30
  • Living Room Level: First
  • Other Room1 Dim: 29x14
  • Other Room1 Level: Third
  • Other Room 2: Bedroom
  • Other Room2 Dim: 21x10
  • Other Room2 Level: Third
  • Other Room 3: Bedroom
  • Other Room3 Dim: 11x17
  • Other Room3 Level: Third
  • Other Room 4: Rec Room
  • Other Room4 Dim: 10x21
  • Other Room4 Level: Basement
  • Level 1 Rooms: Porch, Kitchen, Powder Room, Storage Room, Foyer, OutEntrn, Dining Room, Living Room, Pantry, Entrance Vestibule
  • Level 2 Rooms: Bath(s) Other, Storage Room, Laundry Room, 4 Or More Bedrooms, Bath Main
  • Level 3 Rooms: Exercise Room, 2 Bedrooms, Storage Room, Leisure, Office, SeeRem
  • Estimated Sq Ft: 4857
  • Phone: 973-783-7400

Exterior Features

  • Exterior Description: Stone, Wood
  • Exterior Features: Deck, Open Porch(es), Patio, Curbs, Privacy Fence
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Oversize Garage, Detached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: Blacktop, Driveway-Exclusive, Off-Street Parking, Fencing

Utilities

  • Cooling: Ceiling Fan, 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Schools

  • Elementary School: MAGNET
  • Middle School: MAGNET
  • High School: MONTCLAIR
  • High School: MONTCLAIR
  • Middle Jr High School: MAGNET

Lot Info

  • Lot Size: 22347SF
  • Assessed Improvement Value: 563000
  • Assessed Land Value: 457900
  • Assessment: 1020900
  • Lot Description: Level Lot
  • Lot Identifier: 24
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.51

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 35996
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1613-03607-0000-00024-0000-
  • Tax Rate Amount: 3.526
  • Tax Rate Tax: *
  • Tax Rate Year: 2015
  • Tax Year Tax: *
  • Tax Year: 2015

MLS Schools

  • Grade School: MAGNET

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2016
Closed on
Aug 25, 2016
Sold by
Taub Lewis B and Taub Gloria Mcdonough
Bought by
Martorell Natalia and Goldsmith Daniel
Buyer's Agent
LINDA GROTENSTEIN
COLDWELL BANKER REALTY
List Price
$1,299,000
Sold Price
$995,000
Premium/Discount to List
-$304,000
-23.4%
Current Estimated Value
$2,112,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,117,587
Avg. Annual Appreciation
9.06%
Original Mortgage
$796,000
Outstanding Balance
$642,755
Interest Rate
3.52%
Estimated Equity
$1,522,339

Purchase Details

Closed on
Jan 31, 2011
Sold by
Mcdonough Taub Gloria
Bought by
Taub Lewis B and Mcdonough Taub Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 1999
Sold by
Chilton Seth
Bought by
Taub Gloria Mcdonough

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,800
Interest Rate
7.78%

Purchase Details

Closed on
Jul 20, 1995
Sold by
Roth Joshua
Bought by
Chilton Seth and Chilton Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
7.56%
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
Martorell Natalia $995,000 Ridge Title Agency Llc
Taub Lewis B -- First Title
Taub Gloria Mcdonough $466,000 --
Chilton Seth $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goldsmith Daniel $796,000
Previous Owner Taub Lewis B $590,000
Previous Owner Taub Lewis B $600,000
Previous Owner Taub Gloria Mcdonough $372,800
Previous Owner Chilton Seth $264,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2016 08/31/16 Sold $995,000 -23.4% $205 / Sq Ft
06/02/2016 06/02/16 Pending -- -- --
03/27/2016 03/27/16 For Sale $1,299,000 -- $267 / 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 $36,876 $1,091,000 $409,200 $681,800
2024 $36,876 $1,091,000 $409,200 $681,800
2022 $35,872 $1,091,000 $409,200 $681,800
2021 $35,250 $1,091,000 $409,200 $681,800
2020 $34,683 $1,091,000 $409,200 $681,800
2019 $34,323 $1,091,000 $409,200 $681,800
2018 $33,756 $1,091,000 $409,200 $681,800
2017 $32,153 $861,100 $457,900 $403,200
2016 $37,100 $1,020,900 $457,900 $563,000
2015 $35,997 $1,020,900 $457,900 $563,000
2014 $34,792 $1,020,900 $457,900 $563,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3292597

Garden State MLS

APN: 13-03607-0000-00024