129 Chestnut St

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Top to bottom renovation, meets central location, meets passive income with this legal 3-family home in the heart of Montclair. This smartly designed residence offers three 2-bed, 1-bath units with all new electrical and plumbing, HVAC systems, separately metered utilities, creative storage and laundry IN-UNT. The first floor feels more like a home than an apartment with a perfect layout, and the 2nd & 3rd floor units feel like you are floating in the trees. The basement offers 3 storage rooms, w/...Top to bottom renovation, meets central location, meets passive income with this legal 3-family home in the heart of Montclair. This smartly designed residence offers three 2-bed, 1-bath units with all new electrical and plumbing, HVAC systems, separately metered utilities, creative storage and laundry IN-UNT. The first floor feels more like a home than an apartment with a perfect layout, and the 2nd & 3rd floor units feel like you are floating in the trees. The basement offers 3 storage rooms, w/ access to the backyard, plus room for a gym, studio or additional storage. Outside you have a 3 car garage, additional parking and comfortable outdoor living spaces. Conveniently located between Walnut St & Watchung Plaza, this property offers easy access to a variety of parks, recreation, dining and NYC commute options. You can collect $6500/month in rent while living in a brand new home.

Listing Agent

  1. Pierce Conway

    Pierce Conway

    Listing Agent

    Compass

    pierce.conway@compass.com

    P: (973)-618-6368

Property Details for 129 Chestnut Street

Style
3 Family
LISTING UPDATED: 03/13/2025 09:10 PM

Property Details for 129 Chestnut Street

StatusSold - Sold
MLS #24017557
Days on Market10
Taxes$17,112 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built-
Lot Size-
CountyEssex County

Location

Sold By Brown Harris Stevens New Jersey, Allison Maguire

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Payment Calculator

$9,346 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,920

Property Taxes

$1,426

HOA Dues

$0

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Property Information for 129 Chestnut Street

Summary
Location and General Information
  • Area name: Montclair
  • Flood plain: None
  • Street Name: Chestnut
  • County Name: ESSEX
  • Status: Closed
  • Street Number Numeric: 129
  • Zip Code: 07042
Taxes and HOA Information
  • Other Charges: True
  • Tax: $17,112
School Information
  • Junior High School: MAGNET
  • Senior High School: MONTCLAIR
Property
Lot Information
  • Year Built: 2020's, Pre 1900, Renovated, Build Prior to 1978
  • Average Acres: 0.26
Property and Assessments
  • Photo Number: 50
Utilities
  • Sewer: Public Sewer
Interior and Exterior Features
Interior Features
  • Bedrooms: 6
  • Baths full: 3
  • Baths partial: 0
  • Basement Description: Yes, Bilco-Style Door, Full, Unfinished
  • Number of rooms: 15
  • Full Baths Total: 3
  • Num of Baths: 3.0
Exterior Features
  • Exterior: Vinyl Siding
Agent
Sale and Listing Information
  • Management Phone: (973) 618-6368
  • Search Class: 2to4, 2-4 Family
  • List Price: $1,500,000.00
  • Listing Date: 06-04-2024
  • Expired Date: 09-01-2024
  • Pending Date: 06-15-2024
  • Close Date: 07-19-2024
  • Status Date: 07-18-2024
  • Sale Price: $1,625,000
Showing Information
  • Internet Remarks: Top to bottom renovation, meets central location, meets passive income with this legal 3-family home in the heart of Montclair. This smartly designed residence offers three 2-bed, 1-bath units with all new electrical and plumbing, HVAC systems, separately metered utilities, creative storage and laundry IN-UNT. The first floor feels more like a home than an apartment with a perfect layout, and the 2nd & 3rd floor units feel like you are floating in the trees. The basement offers 3 storage rooms, w/ access to the backyard, plus room for a gym, studio or additional storage. Outside you have a 3 car garage, additional parking and comfortable outdoor living spaces. Conveniently located between Walnut St & Watchung Plaza, this property offers easy access to a variety of parks, recreation, dining and NYC commute options. You can collect $6500/month in rent while living in a brand new home.

Property History for 129 Chestnut Street

DateEvent & SourcePriceAppreciation
Jul 22, 2024

Sold

GSMLS #3905706

$1,625,000
Jul 19, 2024

Sold (Public Record)

Public Record #1538950570

$1,625,000

+41.6% / yr

Jul 18, 2024

Sold

NJMLS #24017557

$1,625,000
Jun 14, 2024

Under Contract

GSMLS #3905706

Jun 4, 2024

Listed (Active)

GSMLS #3905706

$1,500,000
Jun 3, 2024

Listed (Active)

NJMLS #24017557

$1,500,000
Nov 30, 2021

Sold (Public Record)

Public Record #1480203778

$650,000
DateEvent & SourcePrice
07/22/2024

Sold

GSMLS #3905706

$1,625,000
07/19/2024

Sold (Public Record)

Public Record #1538950570

$1,625,000

+41.6% / yr

07/18/2024

Sold

NJMLS #24017557

$1,625,000
06/14/2024

Under Contract

GSMLS #3905706

06/04/2024

Listed (Active)

GSMLS #3905706

$1,500,000
06/03/2024

Listed (Active)

NJMLS #24017557

$1,500,000
11/30/2021

Sold (Public Record)

Public Record #1480203778

$650,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 129 Chestnut Street

Taxable ValueLand$240,900Additions$468,000Total$708,900
Tax Record2024$17,229 ($1,436 / month)
Home Facts
Beds0Total Finished SqFt3,371 SqFtAbove Grade Finished SqFt3,371 SqFtStories2Lot Size10,720 SqFtStyleSingle Family ResidenceYear Built1864ZoningR2CountyESSEXAPN13 02304-0000-00002

Schools near 129 Chestnut Street

This home is within Montclair Public School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Edgemont Elementary School
PublicK to 5

Renaissance Middle School
Public6 to 8

Montclair High School
Public9 to 12

Watchung Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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