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38 Ridgewood Avenue, Glen R...

Michelle Mumoli's Compass NJ Represents Buyer In $960K Sale Of Glen Ridge SFR
SOLDSingle Family Residence

Michelle Mumoli's Compass NJ Represents Buyer In $960K Sale Of Glen Ridge SFR

38 Ridgewood Avenue, Glen Ridge, NJ 07028

$960,000

$152/SF

Building Size

6,299 SF

Asset Type

Single Family Residence

Closing

Jun 21, 2020

AI

A beautiful single-family home located at 38 Ridgewood Ave in Glen Ridge, NJ has recently been sold. The property, represented by Michelle Mumoli, features stunning characteristics and is an ideal choice for buyers looking to relocate to suburban markets in NJ from Jersey City/Hoboken and NYC. The asking price for this SFR was $849,000, but it was ultimately sold for $960,000 on June 21, 2021. The transaction was facilitated by Michelle Mumoli, a broker-associate from Compass NJ, serving as the buyer's representative, and Jessica Keefe from Keller Williams, who represented the seller.

Summary of transaction details:

  • Property Type: Single-Family Home
  • Transaction Amount: $960,000
  • Date: 06/21/2021
  • Address: 38 Ridgewood Ave, Glen Ridge, NJ
  • Market: Glen Ridge, NJ
  • Buyer's Representative: Michelle Mumoli (@MichelleMumoliRealtor) - Compass NJ
  • Seller's Representative: Jessica Keefe - Keller Williams

This successful transaction showcases Michelle Mumoli's expertise in assisting buyers with relocations to suburban markets. The sale of this charming property highlights the growth and demand in the real estate market in Glen Ridge, NJ.

Players

Jessica Keefe

Keller Williams Realty

Broker

$960K

vol

1 deal

Broker

Glen Ridge Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

16.52%

Cash-on-Cash

-4.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93