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262 South Mountain Avenue

262 South Mountain Avenue, Montclair, NJ 07042
Property in Essex
Sold Feb 11, 2021
$1,480,000
$1,150,000 by Finance Of America Mortgage Ll
Mortgage Due Mar 01, 2052
Sold Jul 30, 2010
$957,000
$706,500 by Wells Fargo Bank Na
Mortgage Due Aug 01, 2040
262 South Mountain Avenue in Montclair, NJ was first built in 1937 and is 87 years old. This has been categorized as a residential property type. There are a total of 2 floors. 262 South Mountain Avenue has 4,051 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,220 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 18,300 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with brick control joints. The exterior walls of the home are made of brick. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 262 South Mountain Avenue was last sold in Jan 16, 2021 for $1,480,000. According to our calculations, that's $365.34 per sqft. Prior to that sales transaction, the property was sold for $957,000 in Jul 27, 2010. Current property owners are expected to pay $35,481 in taxes per year. The property on 262 South Mountain Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $1,079,100. To break that down further, the land itself was valued at $345,200. While improvements to the property were assessed at a total of $733,900. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Bedroom Count: 0
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 18,300
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,220
  • Total Building Area: 4,051
  • Building Area: 4,051
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,051
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.42
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: 52-D,57

Ownership

  • Current Owner : CHERIN REMINGTON E
  • Current Owner 2: CHERIN MEGAN NUGENT
  • Previous Owner : WILLIAMS JOHN S
  • Previous Owner 2: CHENG YA WEN
  • Owner Before Previous Owner: PERRETTI PETER N
  • Owner Before Previous Owner 2: PERRETTI RUTH MARY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Montclair Town School District
  • Census Tract: 016900

Zoning

  • Zoning: R1

Geography

  • District: 13
  • Parcel: 13 00104-0000-00005
  • Block: 104
  • Lot: 5
  • Municipality: MONTCLAIR TWP
  • Latitude: 40.8025
  • Longitude: -74.2337

    Address

  • Full Address: 262 S Mountain Ave
  • Address - House Number: 262
  • Street Direction: S
  • Address - Street Name: Mountain
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Montclair
  • Carrier Code: C014
  • 4-Digit Zip Code: 1625
  • Zip Code: 07042

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $35,481

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 68
  • Final Value: 1,525,414
  • High Value: 1,873,684
  • Low Value: 1,177,144

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,150,000
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Mar 25, 2022
  • First Open Lien Mortgage Loan Amount: $1,150,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2052

    Market Valuation

  • Market Total Value: $1,079,100
  • Market Land Value: $345,200
  • Market Improvement Value: $733,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,079,100
  • Assessed Land Value: $345,200
  • Assessed Improvements Value: $733,900

    Sales

  • Current Sale Contract Date: Jan 16, 2021
  • Current Sale Recording Date: Feb 11, 2021
  • Current Sale Transaction ID: 11823567883
  • Current Sale Price: $1,480,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021016571
  • Previous Sale Recording Date: Jul 30, 2010
  • Previous Sale Contract Date: Jul 27, 2010
  • Previous Sale Amount: $957,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Mortgage Transaction Date: Feb 11, 2021
  • First Mortgage Loan Amount: $822,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jul 30, 2010
  • Previous Mortgage Loan Amount: $706,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2040

About Essex



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Frequently Asked Questions

What neighborhood is 262 South Mountain Avenue located in?
The 262 South Mountain Avenue is a located in the neighborhood of Essex in Essex, Montclair.
What is the average sales price for listings in 262 South Mountain Avenue?
The average sales price for units in 262 South Mountain Avenue is $0 currently.

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