Answers to some questions. 2014 property taxes on this property were $26,885. Property taxes calculated on 3,393 sf in tax records. Large room in third floor historically used for storage and not counted in s.f. calculation. Basements are also not included in s.f. for tax purposes. Draftman’s floor plan shows over 5,200 s.f. including basement and what was third floor storage room. When first built in 1902, it was used as weekend or seasonal home for wealthy NYC residents but likely within decade (1910) became a year round home. Local real estate attorneys have told me that half the Montclair homes they’re preparing closing documents for are being purchased by folks coming from Brooklyn — thus my experimenting with advertising in a Brooklyn real estate site. As you all correctly note, many folks come to NJ towns for the schools (averaging $20-25K in spending per pupil, notably higher for special ed kids mainstreamed in regular classes, and much much higher ~$90K for special ed kids sent to private schools by townships). Others come for significantly more space — half acre and 5,000+sf — and convenient train/bus/car to Manhattan – 25 minutes to Port Authority with no traffic (very rare of course) and usually less than double that – and Newark Int’l Airport. Posting might not interest most readers of this blog, but relative value between two locations clearly driving migration patterns and having significant regional pricing impact. Thank you for those interested. Apologies to the rest. Cheers.