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53 Portland Pl, Montclair, NJ, 07042

$975,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
2 Full Baths
Multi

Location

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53 Portland Pl, Montclair$975,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
MLS #24035895
StatusActive
(Active Attorney Review)

About 53 Portland Pl

Welcome Investors and Home Buyers! This multifamily home is perfect for an owner-occupied investor! This charming two-family multifamily home features a vacant second-floor unit, providing an excellent opportunity to live in one unit while generating rental income from the other. Don't miss out on this fantastic investment potential. Discover this stunning late 19th-century wood-framed multifamily unit in the heart of the Bloomfield Ave downtown area of Montclair Township. Perfectly located near NYC bus and NJ Transit for easy commuting, this property features: Two Spacious Units: Each with 3 bedrooms and 1 bathroom. Common Access: Basement and attic accessed via a shared front hall. Charming Enclosed Porches: Enjoy both front and back porches for added living space. Fenced Backyard: A shared, fenced-in backyard offers outdoor relaxation. This property fully rented, brings in $6,220 per month. Newly renovated in 2015, it boasts a modern kitchen, hardwood floors, and updated bath

Property Details

Property Features

Listing Office:

  • Office Name: Howard Hanna Rand Realty, Livingston
  • Office Phone: (973) 740-1881
  • Listing Agent: Michael Quinn

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Price Information

Listing Price Info

Price Summary:

  • List Price: $975,000

Tax Information:

  • Annual Amount: $13,528
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Montclair, NJ.

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Montclair, NJ

City

Med. Sold Price

$1.3M

Med. Price/SqFt

$372

Avg. Days On Market

11

# of Sold Homes

21

53 Portland Pl vs Montclair

39 DAYS ON ROCKET

+28 Days

$975,000

-$325K Less

KEY TAKEAWAY

This property is $325K less than the Median Sold Price in Montclair, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24035895

Listing Office:

  • Office Name: Howard Hanna Rand Realty, Livingston
  • Office Phone: (973) 740-1881
  • Listing Agent: Michael Quinn

IDXDisclaimer: 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 Rocket Homes Real Estate, LLC 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. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2024 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$13,528$418,700
2019$12,954$418,700
2018$12,613$418,700
2017$12,613$337,800

History based on county public records data.

Payment Calculator

$4,934

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,990

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4256222
8
/10

  • Hillside Elementary School

  • 54 Orange Rd

  • 0.24 miles

  • Public District Grades 3-5

school-card-donut-4256223
5
/10

  • Charles H. Bullock School

  • 55 Washington St

  • 0.68 miles

  • Public District Grades KG-5

school-card-donut-4256224
6
/10

  • Edgemont Elementary School

  • 20 Edgemont Rd

  • 0.93 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,286. Typical income of Montclair, NJ residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Montclair, NJ

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Montclair, NJ.

Montclair's housing market is diverse, offering a range of options from stately Victorian homes to modern condominiums and everything in between. Single-family homes are prevalent, with a mix of historic charm and contemporary amenities. The area also features a selection of multi-family dwellings and apartments, accommodating various lifestyle needs. The homeownership rate in Montclair is robust, reflecting the community's commitment to long-term residency and neighborhood stability.

What is it like to live in Montclair, NJ?

Montclair is celebrated for its vibrant arts scene and cultural richness, with numerous galleries, theaters, and live music venues dotting the landscape. The community prides itself on a strong sense of local identity, with annual events like the Montclair Film Festival drawing residents and visitors alike. The town's character is further enhanced by its lush parks and commitment to preserving green spaces, providing a scenic backdrop to the bustling town activities.

Is it easy to get around Montclair, NJ without a car?

The community is served by a comprehensive educational system, including several public and private schools that cater to a range of educational needs. Montclair is home to a number of healthcare facilities, offering residents access to quality medical care. The town also boasts a public library system that serves as a hub for learning and community engagement. Retail and dining options reflect the local culture, with a mix of independent shops and restaurants that showcase the town's diverse culinary landscape.

Transportation in Montclair, NJ.

Montclair's transport infrastructure is well-developed, with a focus on both private and public transit options. The town features a network of bus routes that facilitate local and regional travel, and the train service provides a direct link to New York City, appealing to commuters. The community is also bike-friendly, with designated lanes and trails. Roadways are well-maintained, ensuring smooth travel within and outside the town, and ongoing initiatives aim to further improve transport efficiency and accessibility.

Rocket Homes›New Jersey›Essex County›Montclair›07042›53 Portland Pl

This home is located at 53 Portland Pl in Montclair, NJ and zip code 07042. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $975,000.

Montclair, NJ housing market in November 2024 saw over 20 listings sold above listed price, more than 0 sold at listed price and over 1 sold below. The inventory of homes for sale in Montclair, NJ between October 2024 and November 2024 increased by 5.4%. In November 2024, listings were on the market for 11 days. During the same period, the median list price in this real estate market was $1,300,000.

From Rocket Homes Real Estate and based on county public records data.

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