Listing Courtesy of Coldwell Banker, Wayne
$1500000
Potential Rebate: $22,500
Historic 1895 Colonial style home with Endless Potential. Opportunity awaits with 3 floors of sprawling living space plus a basement, offering timeless architecture and the chance to restore a true classic to its former grandeur. With 7 bedrooms and 4 full and 1 half bathrooms, this expansive residence is ideal for investors, renovators, or visionaries seeking a statement property with historic charm. The home showcases many original elements ready to be revived, including generous room sizes, high ceilings, beautiful hardwood floors, period details, and traditional Colonial proportions. While the property is being sold as is and in need of renovation and updating, the scale and layout provide a strong foundation for a remarkable transformation. Adding to the value is a detached garage and living space above, also requiring improvements but offering incredible flexibility perfect for a multitude of possibilities. Set on a lot that complements its historic roots, this property presents a rare chance to reimagine a grand 19th-century home and create something truly special.
$9,329 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$22,500
Monthly savings impact
$63/mo
Effective Purchase Price
$1,477,500
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
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 RLS Data display by Real Estate Rebate Team 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.
Source: New Jersey Multiple Listing Service, Inc.
"© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved".
The Real Estate Rebate Team
Listing Courtesy of Coldwell Banker, Wayne
Data Source: NJMLS #26000662

2.5%
Experience
Member
Listings
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 RLS Data display by Real Estate Rebate Team 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.
Source: New Jersey Multiple Listing Service, Inc.
"© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved".
The Real Estate Rebate Team
Listing Courtesy of Coldwell Banker, Wayne
Data Source: NJMLS #26000662

Compare average listing prices and value metrics for 16 Mountain, Montclair, NJ 07042 against the surrounding Montclair Township market.
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
than the Montclair Township price average
This this home commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Montclair Township.

You can also call me anytime at +1 (315) 514-0164