Property detail

Field Value
Location Address 4040 GEM LAKE DR
Municipality GLEN RIDGE
Parcel Control Number 14-43-44-05-14-004-0032
Subdivision SUBURBAN HOMES IN
Official Records Book/Page 35901 / 1201
Sale Date 07/23/2025
Legal Description SUBURBAN HOMES S 30 FT OF LT 3, LT 4 & N 20 FT OF LT 5 BLK 4

Owner INFORMATION

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Owner(s) Mailing Address Actions
WPB PROPERTY GROUP LLC
217 TACONIC RD
GREENWICH CT 06831 3115

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
07/23/2025 $765,000 35901 / 01201 WARRANTY DEED WPB PROPERTY GROUP LLC
05/30/2018 $10 29893 / 01707 QUIT CLAIM SULLIVAN GARY TRUST &
12/20/2002 $183,000 14583 / 01646 WARRANTY DEED SULLIVAN GARY &
05/10/2002 $125,660 13701 / 00230 WARRANTY DEED HIBBERT KAREN E &
11/22/2000 $117,500 12183 / 00617 WARRANTY DEED PRIETO CHARLES M &
07/01/1978 $52,000 02893 / 01839 WARRANTY DEED
01/01/1974 $42,000 02281 / 00631 WARRANTY DEED

NOTE: Sales do not generally appear in the PAPA database until approximately 1 to 3 weeks after the closing date.
If a recent sale does not show up in this list, please allow more time for the sale record to be processed.

Exemption INFORMATION

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No Exemption Information Available.

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage
BAS Base Area 2330
FGR Finished Garage 756
BAS Base Area 18
Total Square Footage 3104
Area Under Air 2348

Field Value
Total Number of Units Per Parcel 1
Total Square Feet* 3104
Acres .52
Property Use Code 0100—SINGLE FAMILY
Zoning R-1—SINGLE-FAMILY (14-GLEN RIDGE)

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*May indicate living area in residential properties.

Structural Element
for Building 1

Field Value
Bldg Type SFR
Exterior Wall 1 MSY: CB STUCCO
Year Built 1963
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 3
Full Baths 2
Half Baths 1
Exterior Wall 2 NONE
Roof Structure GABLE/HIP
Roof Cover MOD. METAL
Interior Wall 1 PLASTER
Interior Wall 2 N/A
Floor Type 1 CERAMIC/QUARRY TILE
Floor Type 2 LAMINATE TILES
Stories 1

Print Building 1 Details

 

Sketch
for Building 1

Property Extra Features

Description Year Built Units
Utility Building 2007 180
Patio 2005 798
Screen Enclosure 2005 368
Basketball Court 2025 1320
Patio Roof 2005 242
Miniature Golf Course-Minimal 2025 1
Pool - In-Ground 2002 1

Property Land Details

Land Line # Description Zoning Acres
1 SFR WATER R-1 0.5211

Appraisals

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Tax Year 2025 2024 2023 2022 2021
Improvement Value $385,336 $394,142 $376,426 $262,365 $217,049
Land Value $253,818 $253,818 $246,118 $333,891 $141,698
Total Market Value $639,154 $647,960 $622,544 $596,256 $358,747
Tax Year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Improvement Value $385,336 $394,142 $376,426 $262,365 $217,049 $236,200 $307,278 $276,924 $190,456 $191,454
Land Value $253,818 $253,818 $246,118 $333,891 $141,698 $88,000 $80,000 $81,023 $62,325 $50,316
Total Market Value $639,154 $647,960 $622,544 $596,256 $358,747 $324,200 $387,278 $357,947 $252,781 $241,770

All values are as of January 1st each year

Assessed & taxable values

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Tax Year 2025 2024 2023 2022 2021
Assessed Value $259,624 $252,307 $244,958 $237,823 $230,896
Exemption Amount $50,722 $50,000 $50,000 $50,000 $50,000
Taxable Value $208,902 $202,307 $194,958 $187,823 $180,896
Tax Year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Assessed Value $259,624 $252,307 $244,958 $237,823 $230,896 $227,708 $222,588 $218,438 $213,945 $209,545
Exemption Amount $50722 $50000 $50000 $50000 $50000 $50000 $50000 $50000 $50000 $50000
Taxable Value $208,902 $202,307 $194,958 $187,823 $180,896 $177,708 $172,588 $168,438 $163,945 $159,545

Taxes

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Tax Year 2025 2024 2023 2022 2021
AD VALOREM $3,560 $3,451 $3,363 $3,326 $3,314
NON AD VALOREM $205 $194 $188 $184 $178
TOTAL TAX $3,765 $3,645 $3,551 $3,510 $3,492
Tax Year 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $3,560 $3,451 $3,363 $3,326 $3,314 $3,292 $3,243 $3,063 $3,038 $3,046
NON AD VALOREM $205 $194 $188 $184 $178 $173 $175 $175 $172 $170
TOTAL TAX $3,765 $3,645 $3,551 $3,510 $3,492 $3,465 $3,418 $3,238 $3,210 $3,216

BUYERS TAKE NOTE: Taxes will change and often increase substantially when a property sells. The seller’s exemption benefits will GO AWAY the year after they sell and this may result in higher taxes for a buyer. Please use the Property Tax Calculator to get a better annual tax estimate if you are purchasing this property.