NOT LISTED FOR SALE

1 Lake Rd Chatham, NJ 07928

Estimated Value: $641,000 - $787,220

3 Beds
1 Bath
988 Sq Ft
$730/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $495,000 $501 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,581/month

55 Days on Market

Highlights

  • Lake Front
  • Lake On Lot
  • No HOA
  • Chatham High School Rated A+
  • Deck
  • 1-minute walk to Shunpike Field

About This Home

As of March 2023

ATTN all BUILDERS, INVESTORS, or anyone with a vision to live lakefront on Sunset Lake in Chatham Twp. Great location and convenient to all that Morris County offers.
Value is in the land. This is the perfect opportunity for a new build or renovation in a quiet community.

Last Agent to Sell the Property

Lori Eipel

Keller Williams Realty Central Monmouth Listed on: 12/01/2022

Last Buyer's Agent

NON MEMBER

VRI Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,433

Year Built

  • Built in 1936

Lot Details

  • Lake Front

Home Design

  • Cottage
  • Shingle Roof

Interior Spaces

  • 988 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Den
  • Water Views
  • Walkup Attic

Flooring

  • Wall to Wall Carpet
  • Linoleum
  • Concrete

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • No Garage
  • Driveway

Outdoor Features

  • Lake On Lot
  • Deck
  • Porch

Utilities

  • Central Air
  • Heating System Uses Oil Above Ground
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 05-00130-0000-00013-01

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,433

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Lake
  • Subdivision Name: None
  • Architectural Style: Cottage/Bungalow
  • Reso Flooring: Cement
  • Reso Interior Features: Attic - Walk Up, Den
  • Year Built: 1936
  • Contract Info List PriceSqFt: 545.55
  • General Property Info Waterview: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • WaterSewer Public Water: Yes
  • Kitchen Floor - LinoleumVinyl4: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Porch - Open: Yes
  • Interior Den: Yes
  • Living Room Floor - WW Carpet7: Yes
  • Garage None4: Yes
  • ExteriorDeck: Yes
  • Heating Oil Above Ground: Yes
  • GreatFamily Room Floor - WW Carpet4: Yes
  • Interior Attic - Walk Up: Yes
  • Style CottageBungalow: Yes
  • Lot Description Lake2: Yes
  • Water Type Lake: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Unfinished, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 1
  • Full Basement: Yes
  • Other Rooms:Family Room: Yes
  • Basement:Unfinished: Yes
  • Basement:Walk-Out Access: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Features: Deck, Porch - Open

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Driveway, None
  • General Property Info:Garage: No
  • Parking Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Oil Above Ground
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 05-00130-0000-00013-01
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 9433.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2022
Closed on
Mar 9, 2023
Sold by
Morehouse Richard John
Bought by
Morehouse Richard John
Seller's Agent
Lori Eipel
Keller Williams Realty Central Monmouth
Buyer's Agent
NON MEMBER
VRI Homes
List Price
$579,000
Sold Price
$495,000
Premium/Discount to List
-$84,000
-14.51%
Views
190
Current Estimated Value
$721,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,305
Avg. Annual Appreciation
14.18%

Purchase Details

Closed on
Sep 24, 2016
Sold by
Morehouse Dorothy
Bought by
Morehouse Dorothy and Morehouse Richard John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,500
Interest Rate
3.43%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 4, 2009
Sold by
Morehouse Richard G and Morehouse Dorothy
Bought by
Morehouse Dorothy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Morehouse Richard John $495,000 Realsafe Title
Morehouse Richard John $495,000 Realsafe Title
Morehouse Dorothy -- Homecoming Title & Settlemen
Morehouse Dorothy -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morehouse Dorothy $640,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2023 03/15/23 Sold $495,000 -8.2% $501 / Sq Ft
01/25/2023 01/25/23 Pending -- -- --
01/06/2023 01/06/23 Price Changed $539,000 -3.6% $546 / Sq Ft
12/15/2022 12/15/22 Price Changed $559,000 -3.5% $566 / Sq Ft
12/01/2022 12/01/22 For Sale $579,000 -- $586 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,716 $488,500 $425,300 $63,200
2024 $9,555 $488,500 $425,300 $63,200
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lori Eipel

    Keller Williams Realty Central Monmouth

  • N

    Buyer's Agent in 2023

    NON MEMBER

    VRI Homes

  • N

    Buyer's Agent in 2023

    NON MEMBER MORR

    NON MEMBER

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22236448

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 05-00130-0000-00013-01

New Jersey Morris County Chatham 07928

1 Lake Rd, Chatham, NJ

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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