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101 Park St, Montclair, NJ, 07042

6beds
7baths
7,000sqft
$1,699,000
$243price/sqft
$12,744/moest. monthly cost
$509,760/yrincome needed

About This Home

RARE opportunity to acquire a custom luxury estate under construction in one of Montclair's most coveted neighborhoods, moments from downtown, parks, top-rated schools, acclaimed restaurants, and quick commute into NYC.Significant progress is complete, offering buyers the chance to purchase before completion and potentially personalize finishes, materials, and design selections.Planned for over 7,000 square feet of living space, the finished residence is projected at approximately $3.5M-$4M+, depending on final finishes and market conditions.Expected features include high ceilings, open-concept living, a chef's kitchen with oversized island, butler's pantry, wet bar, office, library, recreation areas, two laundry rooms, dog wash station, wine cellar, and a luxurious primary suite with spa-inspired bath.Outdoor living is envisioned as a private resort-style retreat with a covered rear porch, expansive entertainment terrace, lounge areas, fire pit, landscape lighting, mature trees, arborvitae screening, hardscaping, curated gardens, front courtyard seating, double-width driveway, detached two-car garage, fenced sports court, and seasonal NYC skyline views.Offered as-is while construction continues. Buyers may participate in remaining finish selections. Price may change as construction progresses. Renderings are conceptual and may not reflect the final completed residence.Must Sign Hold Harmless.

Getting Around

85
WalkingVery Walkable
0
TransitVery Limited Transit
53
BikeBikeable

Schools

9/10
Hillside Elementary SchoolGrades PK,3-50.6 mi
7/10
6/10
Montclair High SchoolGrades 9-120.2 mi

Construction

Condition

  • Property condition: Under Construction
  • New construction: Yes
  • Year built: 1908

Materials

  • Roof: Asphalt Shingle

Notable Dates

  • Major remodel year: 2026

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Carbon Monoxide Detector,Dishwasher,Dryer,Kitchen Exhaust Fan,Microwave,Range/Oven-Gas,Refrigerator,Washer,Wine Refrigerator,Gas Water Heater

Basement

  • Features: 1Bedroom,BathOthr,Laundry,Leisure,RecRoom,Storage,Utility

Basement

  • Has basement: Yes
  • Basement: Yes,Finished

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 7
  • Full bathrooms: 6
  • 1/2 bathrooms: 1

Features

  • Wet Bar,High Ceilings
  • Flooring: Wood
  • Number of fireplaces: 3
  • Fireplace features: Gas,Living Room,Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: 3 Units,Forced Air,Electric,Natural Gas
  • Cooling features: 3 Units,Central Air

Interior Area

  • Total structure area: 7,000
  • Total interior livable area: 7,000 sqft

Kitchen

  • Features: Kitchen Island,Eat-in Kitchen

Master Bathroom

  • Features: Soaking Tub,Stall Shower

Property

Details

  • Parcel number: 1613023120000000260000

Features

  • Patio & porch: Deck,Patio
  • Fencing: Privacy

Lot

  • Lot size: 0.38 Acres
  • Lot size dimensions: 90 x 183 IRR

Parking

  • Total spaces: 2
  • Parking features: 2 Car Width,Asphalt,Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $8,591$103,092
Home Insurance *$409$4,908
Property Taxes $2,973$35,676
Electricity $771$9,259
Total$12,744$152,928
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$436,937/yr
40% on housing$382,320/yr
45% on housing$339,840/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$243This listing

vs Other Active Listings

Avg $/sqft

ZIP 07042$550
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07042$538
Essex County$391

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-07Price change$1,699,000
2026-06-01Listed for sale$1,900,000
2026-01-27Sold$1,290,000
2025-12-02Pending sale$1,299,999
2025-11-07Listed for sale$1,299,999

New Construction

AgentRodrigo Burga
BrokerageSignature Realty Nj

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