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492 Highland Avenue

492 Highland Avenue, Montclair, NJ 07043
House in Essex
Sold Dec 29, 2020
$1,251,100
$700,000 by Loandepot.com Llc
Mortgage Due Oct 01, 2050
Sold Apr 10, 2006
$997,500
$798,000 by Citimortgage Inc
Mortgage Due May 01, 2036
492 Highland Avenue has been categorized by the local assessors in Montclair, NJ as a residential type of property. The building on the property was first built in 1936 and is 88 years old. The building has a total of 2 stories. In addition, 492 Highland Avenue has 2,911 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 19,894 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The property was last sold in Sep 30, 2020 for $1,251,100. That's $429.78 per sqft. Prior to that sales transaction, the property was also sold in Apr 3, 2006 for $997,500. 492 Highland Avenue was last assessed in 2022. The total value of the property was assessed at $802,400. Specifically, the land the property is located on was valued at $399,500. While improvements on the property were assessed at a total of $402,900. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $26,383. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Stucco Exterior
Wood Exterior

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1936
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 19,894
  • Total Building Area: 2,911
  • Building Area: 2,911
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,911
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.457
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: 1-F,3

Ownership

  • Current Owner : RANCIC MICHELLE N
  • Current Owner 2: EDMISTON BRYAN J
  • Previous Owner : JOHNSON MARTI ALAN
  • Previous Owner 2: DIMITRIEVICH DONALD
  • Owner Before Previous Owner: FERGUSON GORDON
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montclair Town School District
  • Census Tract: 016100

Zoning

  • Zoning: R1

Geography

  • District: 13
  • Parcel: 13 00801-0000-00012
  • Block: 801
  • Lot: 12
  • Municipality: MONTCLAIR TWP
  • Latitude: 40.8541
  • Longitude: -74.206

    Address

  • Full Address: 492 Highland Ave
  • Address - House Number: 492
  • Address - Street Name: Highland
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Montclair
  • Carrier Code: C061
  • 4-Digit Zip Code: 1202
  • Zip Code: 07043

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,383

    Appraisal Valuation

  • Standard Deviation: 0.2133
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 70
  • Final Value: 1,304,468
  • High Value: 1,582,806
  • Low Value: 1,026,130

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $700,000
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: Dec 29, 2020
  • First Open Lien Mortgage Loan Amount: $700,000
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $802,400
  • Market Land Value: $399,500
  • Market Improvement Value: $402,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $802,400
  • Assessed Land Value: $399,500
  • Assessed Improvements Value: $402,900

    Sales

  • Current Sale Contract Date: Sep 30, 2020
  • Current Sale Recording Date: Dec 29, 2020
  • Current Sale Transaction ID: 11815753181
  • Current Sale Price: $1,251,100
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2020130428
  • Previous Sale Recording Date: Apr 10, 2006
  • Previous Sale Contract Date: Apr 03, 2006
  • Previous Sale Amount: $997,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Dec 29, 2020
  • First Mortgage Loan Amount: $700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: CITIMORTGAGE INC
  • Previous Mortgage Transaction Date: Apr 10, 2006
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $798,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: May 01, 2036

About Upper Montclair



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Frequently Asked Questions

What neighborhood is 492 Highland Avenue located in?
The 492 Highland Avenue is a house located in the neighborhood of Essex in Upper Montclair, Montclair.
What is the average sales price for listings in 492 Highland Avenue?
The average sales price for units in 492 Highland Avenue is $849,000 currently.

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