See Home Value
$2,336,547*
House - Off Market

55 Mcdermott Way

Englewood Cliffs, NJ 07632
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
$1,799,000 - $2,197,000
Reference Base Price*
16.94%
Since Nov 1, 2021
NY-New York
Primary Model
Sold Aug 17, 2021
$1,974,850
$1,361,500 by Cathay Bank
Mortgage Due Sep 01, 2051
Sold Dec 29, 2009
$1,950,000
$950,000 by Hudson City Savings Bank
Mortgage Due Jan 01, 2040

About This Property

Set on a private cul-de-sac, this 5BR, 4.5 BA home makes a memorable impression w/its stately brick facade & dramatic 2-story entry w/ circular staircase. You are immediately struck by the impeccable craftsmanship: the warmth of the Brazilian cherrywood floors, the elegant molding & custom cabinetry. With the open flow of gracious light-filled rooms, this home is perfect for entertaining in style. Formal living & dining on one side of the entry complemented by, an office & a GR w/fireplace & adjoining gourmet kitchen with Sub-Zero refrigerator, Wolf ovens & 6-burner cooktop & Sub-Zero wine fridge, just for starters. Luxury continues upstairs w/ a stunning primary suite w/dramatic coffered ceiling & spa-worthy BR w/jetted tub; 3 more en-suites. State-of-the-art lighting & electronics, radiant heated floors, gym, rec room. Stone patio/private yard for elegant outdoor living. Very special location enhanced with views of the Flat Nature Preserve.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,887
HOA Dues
-
Year Built
2006

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Aug 17, 2021 Sold to Jing Song, Yongming Zhu $1,974,850
Sold to Jing Song, Yongming Zhu
May 19, 2021 In contract -
In contract
Apr 23, 2021 Listed $1,998,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,700
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 970
  • Total Building Area: 4,456
  • Building Area: 4,456
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,456
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.222
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SONG JING
  • Current Owner 2: ZHU YONGMING
  • Previous Owner : YOON CHONG HYUN
  • Previous Owner 2: SUH YOUNG SUN
  • Owner Before Previous Owner: KOO MICHAEL
  • Owner Before Previous Owner 2: KOO SUN K
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Englewood Cliffs Borough School District
  • Census Tract: 016000

Geography

  • District: 16
  • Parcel: 16 00101-0000-00004- 01
  • Block: 101
  • Lot: 4.01
  • Municipality: ENGLEWOOD CLIFFS BORO
  • Latitude: 40.8723
  • Longitude: -73.9642

    Address

  • Full Address: 55 Mcdermott Way
  • Address - House Number: 55
  • Address - Street Name: Mcdermott
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Englewood Cliffs
  • Carrier Code: C038
  • 4-Digit Zip Code: 1556
  • Zip Code: 07632

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,088

    Appraisal Valuation

  • Standard Deviation: 0.181
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 2,408,390
  • High Value: 2,844,534
  • Low Value: 1,972,245

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,361,500
  • First Open Lien Mortgage Lender: CATHAY BANK
  • First Open Lien Mortgage Recording Date: Aug 17, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,361,500
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $1,966,900
  • Market Land Value: $685,900
  • Market Improvement Value: $1,281,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,966,900
  • Assessed Land Value: $685,900
  • Assessed Improvements Value: $1,281,000

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Aug 17, 2021
  • Current Sale Transaction ID: 11858953656
  • Current Sale Price: $1,974,850
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021132096
  • Previous Sale Recording Date: Dec 29, 2009
  • Previous Sale Contract Date: Dec 14, 2009
  • Previous Sale Amount: $1,950,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CATHAY BANK
  • First Mortgage Transaction Date: Aug 17, 2021
  • First Mortgage Loan Amount: $1,361,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: HUDSON CITY SAVINGS BANK
  • Previous Mortgage Transaction Date: Dec 29, 2009
  • Previous Mortgage Loan Amount: $950,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jan 01, 2040



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Co-op
3 Beds
3 Baths
2,235 ft²
$760/ft²
$1,699,000 Oct 7, 2021
$1,699,000 Apr 28, 2022
$3,173/mo
House
6 Beds
6.5 Baths
-
$2,190,000 Jun 8, 2022
-
$2,067/mo

About Englewood Cliffs


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Frequently Asked Questions

When was property at 55 McDermott Way built and last sold?
The property at 55 McDermott Way was built in 2006 and last sold on Jul 30, 2021 for $1,974,850.
How much is this home worth?
The estimated value of the home located at 55 McDermott Way is $2,017,980.
What are some comparable homes to 55 McDermott Way?
There are currently no comparable homes to 55 McDermott Way.

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