When was property at 40 Walnut Avenue built and last sold?

The property at 40 Walnut Avenue was built in 1927 and last sold on Feb 20, 1992 for $223,000.

How much is this home worth?

The estimated value of the home located at 40 Walnut Avenue is $0.

What are some comparable homes to 40 Walnut Avenue?

There are currently no comparable homes to 40 Walnut Avenue.

Essex

07041

40 Walnut Avenue

Listed by: Jessica Gonzalez, [email protected], Signature Realty NJ LLC, (973) 921-1111, Listing Courtesy of NJMLS

$1,275,000

● House - Off Market

40 Walnut Avenue

Millburn, NJ 07041

4 Beds

3 Baths, 1 Half Bath

$7,616

Est. Monthly

3.18%

Cap Rate

About This Property

Located in the highly sought-after South Moutain Section of Millburn, this home offers convenient access to schools, train station direct to NYC, grocery store, and downtown Millburn restaurants and shops. This colonial Tudor style home consists of 4 bedrooms and 2.5 baths. The first floor offers comfort and charm with a large formal living room featuring a wood burning fireplace, formal dining room, an eat in kitchen with a water softener & reverse osmosis system. den/family room which offers an abundance of natural light, an office and half bath. Located on the second floor are 4 spacious bedrooms with a walk in closet located in the primary bedroom. There are 2 full baths as well as a washer dryer located on the second floor. Access to a walk up attic offers possibilities of adding a large primary suite. Full unfinished basement for storage as well as a detached 2 car garage. Recent upgrades include newer furnace, water heater, central ac, and gutters.

Unit Size

Days on Market

Land Size

Price per sqft

Property Type

House

Property Taxes

$1,355

HOA Dues

Year Built

1927

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (NJMLS #24024854)

Price History

Date / Event	Date	Event
Sep 30, 2024	Sold	Premium
Sold
Aug 11, 2024	In contract	-
In contract
Jul 26, 2024	Listed by Signature Realty NJ LLC	$1,100,000
Listed by Signature Realty NJ LLC

Property Highlights

Garage

Fireplace

Building Info

Overview

General

Year Built: 1927

Effective Year Built: 1927
Bedroom Count: 0
Building Condition: 0
Building Quality: 0
Construction Type: 6
Building Style: 0
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Floor Count: 200
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 7
Parking Space Count: 2
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 7,501

Lot Size Depth Feet: 1,500
Lot Size Frontage Feet: 500
Total Building Area: 2,308
Building Area: 2,308
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heated Square Feet: 2,308
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Land Acres: 0000000172
Standard Land Use Code: 1001
County Land Use Code: 2

Neighborhood

School District Name: Millburn Township School District

Census Tract: 020200

Geography

Assessors Map Reference: TAX MAP 6

District: 12
Parcel: 12 00604-0000-00006
Block: 604
Lot: 6
Municipality: MILLBURN TWP
Latitude: 40.7214
Longitude: -74.2971

Address

Full Address: 40 Walnut Ave

Address - House Number: 40
Address - Street Name: Walnut
Address - Suffix Type: Ave
State: NJ
City Name: Millburn
Carrier Code: C004
4-Digit Zip Code: 1512
Zip Code: 07041

Valuation

Tax

Tax Year: 2022

Tax Amount: $1,615,216
Initial Tax Delinquent Year: 2017

Appraisal Valuation

Standard Deviation: 0.1068

Valuation Date: Mar 15, 2023
Confidence Score: 89
Final Value: 932,514
High Value: 1,032,112
Low Value: 832,916

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $831,300

Market Land Value: $518,500
Market Improvement Value: $312,800

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $831,300
Assessed Land Value: $518,500
Assessed Improvements Value: $312,800

Sales

Current Sale Contract Date: Feb 20, 1992

Current Sale Recording Date: Mar 02, 1992
Current Sale Price:

Premium
Current Sale Document Type: 27
Previous Sale Recording Date: Feb 20, 1992
Previous Sale Contract Date: Feb 20, 1992
Previous Sale Amount: $223,000
Previous Sale Document Type: 27

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Essex

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$324

Below Asking

0.01%

Average Days on Market

Average Home Size

590 ft²

Average Home Age

5.4 years

Currently For Sale

1688 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 378 Millburn Ave, Millburn Twp., 07041-1455

$5,200 /mo

2 Beds
2 Baths
1,287 ft²

378 Millburn Ave #1, Millburn Twp., 07041-1455 Listing by JOANNA PARKER-LENTZ

Unit for rent at 393 Millburn Ave, Millburn Twp., 07041-1326

$4,500 /mo

4 Beds
1 Bath

393 Millburn Ave, Millburn Twp., 07041-1326 Listing by JOANNA PARKER-LENTZ

Unit for rent at 1048 Kensington Ter, Union Twp., 07083-4807

$4,500 /mo

3 Beds
1 Bath

1048 Kensington Ter, Union Twp., 07083-4807 Listing by VERA LUNA VICTORIA

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Jessica Gonzalez
Signature Realty NJ LLC
Last Updated: 3 years ago
Data Source: NJMLS , MLS# 24024854

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RHP Realty NJ, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed.© 2026 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

40 Walnut Avenue

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Essex

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions