June Home Sales: Montclair, NJ

Thursday, Jul 10, 2014 10:30am  |  COMMENTS (18)

A selection of homes that closed in June 2014 — above, below and just at asking price.

4 chris court

4 Christopher Court. List price: $1,150,000. Sale price: $1,104,888.

5 prescott

18 Prescott Ave. List price: $539,000. Sale price: $650,000.

highland

45 Highland Ave. List price: $1,350,000. Sale price: $1,350,000.

75 essex

75 Essex Ave. List price: $850,000. Sale price: $960,000.

gates

70 Gates Ave. List price: $499,000. Sale price: $494,000.

highland 2

19 Mountainside Park Terrace. List price: $799,000. Sale price: $851,000.

18 Comments

  1. POSTED BY Spiro T. Quayle  |  July 10, 2014 @ 10:35 am

    Interesting that all these listings sold above or equal to asking price except for the Crisco listing, which did not.

  2. POSTED BY profwilliams  |  July 10, 2014 @ 10:36 am

    I guess some folks aren’t worried about all this “over” development.

  3. POSTED BY silverleaf  |  July 10, 2014 @ 11:10 am

    According to realtor.com, one year ago 75 Essex sold for 430k.

    https://www.realtor.com/realestateandhomes-detail/75-Essex-Ave_Montclair_NJ_07042_M58648-35319

    Either the recent sale price of 960k stated above is inaccurate or someone over paid IMO.

    Absolutely mind boggling.

  4. POSTED BY raeven  |  July 10, 2014 @ 11:22 am

    Re Essex: It certainly suggests the house was flipped. At that price range in that location, 430 is rather low, which means it probably needed a fair amount of work when it sold in ’13.

  5. POSTED BY silverleaf  |  July 10, 2014 @ 11:42 am

    Even if work was done, is not 960k in that location rather high?

  6. POSTED BY sillyphus  |  July 10, 2014 @ 12:31 pm

    Speaking of overpriced, isn’t 1.1 mil a little much when you can touch your neighbor’s house by leaning out your window?

  7. POSTED BY cspn55  |  July 10, 2014 @ 12:47 pm

    silly – you do not find many fairly new, likley updated and not in need of major work or maintainence homes that are well sized (assume this is probably 3000+ sq ft) and within an hour commute of NYC with the train and bus in walkable distance to the home.

    Also, tax records show the prior owner paid $1.15MM in 2007 so this maybe still sold at a discount based on the lot size at $1.1MM.

  8. POSTED BY lauren  |  July 10, 2014 @ 2:14 pm

    How about other towns?

  9. POSTED BY whippersnapper  |  July 10, 2014 @ 4:11 pm

    I still cant get over how much those Christopher Court homes started at. Let alone how much they go for now a days. Ive seen interior photos and the finishes are solid, but all that + no real outdoor space really stumps me.

  10. POSTED BY spicoli  |  July 10, 2014 @ 4:24 pm

    75 Essex was completely remodeled and had a large addition put on the back of the house – extended kitchen, great room, new master BR with spa bath. Those fancy city folk like that kind of stuff and are willing to pay for it.

  11. POSTED BY whippersnapper  |  July 10, 2014 @ 4:39 pm

    I still cant get over how much those Christopher Court homes started at. Let alone how much they go for now a days. Ive seen interior photos and the finishes are solid, but all that + no real outdoor space really stumps me. To each their own though.

  12. POSTED BY silverleaf  |  July 10, 2014 @ 4:42 pm

    Thank you, Mr. Spicoli, that answers it.

    Your pizza has arrived!

  13. POSTED BY jerseygurl  |  July 10, 2014 @ 5:14 pm

    That explains the oversized dormer in the middle.

  14. POSTED BY walleroo  |  July 10, 2014 @ 5:25 pm

    Those fancy city folk like that kind of stuff and are willing to pay for it.

    Bastards!

  15. POSTED BY Spiro T. Quayle  |  July 10, 2014 @ 5:49 pm

    I guess them thar city folk have extra caysh fer fancy digs ‘n such – on accoun’ of havin’ a skiympy supplah of guns, ammo ‘n’ pick’p truks.

  16. POSTED BY paolo  |  July 10, 2014 @ 5:51 pm

    whippersnapper wrote:
    I still cant get over how much those Christopher Court homes started at. Let alone how much they go for now a days. Ive seen interior photos and the finishes are solid, but all that + no real outdoor space really stumps me.

    ——————

    My theory is some buyers are trading a place in Brooklyn or Tribeca etc that doesn’t have any space for a place in the suburbs with 3k feet of space. They don’t want a lawn to cut or a driveway to shovel.

  17. POSTED BY dan tanna  |  July 10, 2014 @ 8:27 pm

    Someone actually paid money for one of those Crisco monstrosities? Really? You’d think they’d be embarrassed to show their face in town. Or maybe they send their kids to MKA and do their grocery shopping in Glen Ridge?

  18. POSTED BY dan tanna  |  July 10, 2014 @ 8:28 pm

    DPBD… 

    Couldn’t we turn Crisco into a monument to the great real estate bubble of the Bush era?

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