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39 Walnut Ave
Score
74
Millburn, NJ

39 Walnut Ave

1.6M
3 bd • 4 ba • 2,448 sf

Educational Use Only — NOT professional advice. See terms

AI Property Analysis

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Property Overview

List Price
$1,574,300
+21%vs 07041
Price/Sq.Ft
$643
-7%vs 07041
Above Estimated Range
31.2% above range

Current Price

$1,574,300

Estimated Range

$1,050,000 - $1,200,000

$1,574,300
Below Market-20%
Above Market+20%

*AI analysis for educational purposes only - NOT a professional appraisal. Consult licensed appraisers for property valuations.*

Market Data Points

3 data points for educational exploration

*Educational market data analysis only. Consult licensed real estate professionals for negotiation strategies and market advice.*

Recent Comparable Range (Educational Only)

$1,080,000

Based on recent sales data. NOT a professional appraisal or offer recommendation.

Model Confidence:High(65%)
*Based on data quality & coverage*

AI Rationale

Reflects market cooling, long DOM, and climate risks. Seller motivation is high, but market competition remains moderate.

AI Analysis Score
74
82
Home Condition
75
Natural Light
66
Market Data
78
Location

*AI scoring for educational purposes only. Scores are subjective and not professional evaluations. Consult licensed professionals for property assessments.*

Visual Insights

AI-analyzed spaces with reimagining capabilities

Steep Steps
Steep Steps

Steep Steps

The steps leading to the house appear steep and may pose a challenge for individuals with mobility issues.

Steep Driveway
Steep Driveway

Steep Driveway

The driveway is steep, which could be problematic in icy conditions or for vehicles with low clearance.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$0

No required renovations identified

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

Jul
2019
$850,000Cash Purchase
July 15, 2019
From:John S Perkoff, Michelle A Schaap
To:Pravin Manoharan, Usha Kuchibhotla
Deed
Standard Sale (Purchase/Resales)

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$1,574,300
-30%List: $1,574,300+30%
20%
$314,860of $1,574,300
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $6,612/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$418,877
Closing Costs
+$104,017
Down Payment
$314,860
Buyer Agent Fee
$40,145
Loan Fees
$12,594
Title & Escrow
$9,446
Inspections
$900
Transfer Tax
$17,317
Prepaid Expenses
$23,615

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Data Buyer Power
Market Speed
2228 days
vs 36 day average
This home has been listed for 2228 days, while homes in this area typically sell in 36 days
Inventory Health
16
homes for sale
12 homes sold last month, indicating 1.3x more supply than demand
Price Dynamics
106.1%
of asking price
Homes typically sell for 6.1% above asking price

*Market analysis for educational purposes only. Historical data may not predict future performance. Consult real estate professionals for market guidance.*

Price Trajectory

$1,280,000
Current median price
-11.5%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Historical Data: data suggests decline
Prices are down 9.5% over the last 3 months
3 Months
-9.5%
6 Months
+48.8%
1 Year
-11.5%

Historical price trends for educational purposes only. Past performance does not predict future results. Consult professionals for market forecasts.

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Home sales increasing 94.1% over the past 3 months suggests stronger seller position.

Historical Comparison
Current Value
$1,280,000
3 Months Ago
$825,000
+55.2%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,574,300
Price/sqft
$643
Layout
3 bd4 ba
Days on market
2228 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$1,598,333

1.5%

Your price is 1.5% below average

Median Price

$1,630,000

3.4%

Based on 6 recent sales

Price per Sq.Ft

N/A

No price per sq.ft data available

Comparable Properties

18 Willow Street, Millburn, NJ 07041
Price: $1,630,000
Sq.Ft: N/A
Beds/Baths: 4/4
$/Sq.Ft: N/A
Sale Date: 6/25/2025
Price: $1,630,000
Sq.Ft: N/A
Beds/Baths: 4/4
$/Sq.Ft: N/A
Sale Date: 6/24/2025
83 Mountainview Road, Millburn, NJ 07041
Price: $1,750,000
Sq.Ft: N/A
Beds/Baths: 4/4
$/Sq.Ft: N/A
Sale Date: 4/24/2025
17 Spring Street #A, Millburn, NJ 07041
Price: $1,280,000
Sq.Ft: N/A
Beds/Baths: 4/4
$/Sq.Ft: N/A
Sale Date: 4/22/2025
Price: $1,200,000
Sq.Ft: N/A
Beds/Baths: 3/3
$/Sq.Ft: N/A
Sale Date: 8/4/2025
Price: $2,100,000
Sq.Ft: N/A
Beds/Baths: 4/3
$/Sq.Ft: N/A
Sale Date: 7/11/2025

Schools

Details about nearby schools in this area

Climate Risks

Assessment of climate-related hazards for this property

Major Risk Profile

This property has 0 severe, 1 major, and 3 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Educational Tour Ideas

Educational suggestions for property tours

Inspect the basement and lowest level for signs of past or present water damage, including staining, mold, or musty odors.

Inspect the foundation for cracks, settling, or other signs of structural issues.

Educational Questions

Sample questions for educational purposes

Given the property's long time on the market (2228 days), what is the seller's motivation for selling and are they open to negotiation?

Can you provide a detailed history of any past flood damage or water intrusion issues on the property, including any remediation efforts?

Educational suggestions only. Consult licensed real estate professionals, home inspectors, and your agent for professional guidance on property tours and inspections.

Property Discussion

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