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Upper Montclair 07043
5 Fairmount Ave
$819,000
● House - Off Market

5 Fairmount Ave

Montclair Twp., NJ 07043
bedrooms
4 Beds
bathrooms
1.2 Baths
$840,810
RealtyHop Estimate
2.66%
Since Jun 1, 2023
NY-New York
Primary Model
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1933

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (GSMLS #3835136)

Price History

Date / Event Date Event Price
May 12, 2023 Sold
Premium
Sold
Apr 8, 2023 In contract -
In contract

Property Highlights

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 2,024
  • Building Area: 2,024
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,024
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 23-L,323

Neighborhood

  • School District Name: Montclair Town School District
  • Census Tract: 016300

Zoning

  • Zoning: R1

Geography

  • District: 13
  • Parcel: 13 04505-0000-00040
  • Block: 4505
  • Lot: 40
  • Municipality: MONTCLAIR TWP
  • Latitude: 40.8288
  • Longitude: -74.195

    Address

  • Full Address: 5 Fairmount Ave
  • Address - House Number: 5
  • Address - Street Name: Fairmount
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Montclair
  • Carrier Code: C059
  • 4-Digit Zip Code: 2404
  • Zip Code: 07043

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,040,533

    Appraisal Valuation

  • Standard Deviation: 0.1063
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 89
  • Final Value: 1,335,337
  • High Value: 1,477,353
  • Low Value: 1,193,320

    Market Valuation

  • Market Total Value: $620,600
  • Market Land Value: $335,000
  • Market Improvement Value: $285,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $620,600
  • Assessed Land Value: $335,000
  • Assessed Improvements Value: $285,600

    Sales

  • Current Sale Contract Date: May 12, 2023
  • Current Sale Recording Date: Jul 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 43083
  • Previous Sale Recording Date: Nov 17, 2015
  • Previous Sale Contract Date: Jun 25, 2015
  • Previous Sale Amount: $540,000
  • Previous Sale Document Type: 12
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Upper Montclair

Stats & Trends

Median Asking:

$1,399,000

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

34

Average Home Size

1165 ft²

Average Home Age

99.3 years

Currently For Sale

27 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

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GSMLS

Last Updated: 2 years ago
Data Source: GSMLS, MLS#
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 5 Fairmount Avenue built and last sold?
The property at 5 Fairmount Avenue was built in 1933 and last sold on May 12, 2023 for $1,250,000.
How much is this home worth?
The estimated value of the home located at 5 Fairmount Avenue is $0.
What are some comparable homes to 5 Fairmount Avenue?
There are currently no comparable homes to 5 Fairmount Avenue.
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