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5 Magnolia Ln, Cedar Grove, NJ, 07009

3beds
3baths
2,262sqft
$795,000
$351price/sqft
$6,076/moest. monthly cost
$243,040/yrincome needed

About This Home

Welcome to this beautiful 3-bedroom, 2- full bathroom , 1- half bathroom, TownHouse offering comfort, convenience, and modern living. This inviting home features a bright and open layout with a spacious living and dining area, perfect for both everyday living and entertaining. The kitchen is well-appointed with ample cabinetry and counter space, while the bedrooms are generously sized, including a primary suite with a private full bath. Enjoy the added convenience of a dedicated parking space in the building, providing ease and security year-round. Bring your vision to this property and make it your own. Located in a desirable community close to shopping, dining, and transportation, this condo is truly turnkey and ready for its next owner. Don't Miss Out Come See It Today.

Getting Around

22
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

9/10
North End Elementary SchoolGrades PK-40.5 mi
6/10
Cedar Grove Memorial Middle SchoolGrades 5-81.2 mi
7/10
Cedar Grove High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 2004

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: See Remarks

Basement

  • Has basement: Yes
  • Basement: Yes,Finished,Full

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Number of fireplaces: 1
  • Fireplace features: Family Room
  • Fireplace: Yes
  • Common walls with other units/homes: 2+ Common Walls,Townhouse-Interior

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,262
  • Total interior livable area: 2,262 sqft

Kitchen

  • Features: Eat-in Kitchen

Property

Details

  • Parcel number: 1604003700000000110000C0054
  • Attached to another structure: Yes

Features

  • Levels: Multi Floor Unit

Lot

  • Lot size: 0.64 Acres
  • Lot size dimensions: 1.754% CE 9.64 AC

Parking

  • Total spaces: 1
  • Parking features: Driveway-Exclusive,Attached Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes
  • Uncovered spaces: 1

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

  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Heat Wave
Strong Wind
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 $4,019$48,228
Home Insurance *$194$2,328
Property Taxes $1,614$19,368
Electricity $249$2,992
Total$6,076$72,912
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

30% on housingRecommended$243,040/yr
35% on housing$208,320/yr
40% on housing$182,280/yr
45% on housing$162,026/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

$351This listing

vs Other Active Listings

Avg $/sqft

ZIP 07009$1,338
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07009$382
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)

No zestimate history available

Price History

DateEventPrice
2026-07-18Price change$795,000
2026-06-13Price change$815,000
2026-05-17Listed for sale$835,000
2019-09-04Listing removed$423,497
2019-08-31Price change$423,497
2019-08-30Price change$423,556
2019-08-29Price change$423,903
2019-08-27Price change$424,208
2019-08-22Price change$426,693
2019-08-19Price change$427,098
2019-08-17Price change$426,092
2019-08-13Price change$425,585
2019-08-11Price change$425,303
2019-08-08Price change$424,839
2019-08-05Price change$416,294
2019-08-03Price change$415,836
2019-07-24Price change$414,796
2019-07-23Price change$414,317
2019-07-21Price change$413,882
2019-07-17Price change$412,152
2019-07-15Price change$411,146
2019-07-11Price change$411,300
2019-07-09Price change$411,537
2019-07-06Price change$412,283
2019-07-03Listed for sale$413,436
2004-05-05Sold$480,275

For Sale by Agent

AgentRyan Knab
BrokerageColdwell Banker Realty
View on Zillow

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