NOT LISTED FOR SALE

1 Magnolia Ln Boonton, NJ 07005

Estimated Value: $708,282 - $747,000

3 Beds
2.5 Baths
2,371 Sq Ft
$429/mo HOA Fee

Last Sold August 26, 2021

Last sale price $530,000 $224 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,382/month

40 Days on Market

Highlights

  • Private Pool
  • 0.87 Acre Lot
  • Recreation Room
  • Rockaway Valley Elementary School Rated A-
  • Clubhouse
  • Cathedral Ceiling

About This Home

As of August 2021

Beautiful, open & airy End-Unit w/3 BRs & 2.5 BAs. Main level features 2-story entry leading to LIV/DIN combo w/recessed lights, gas FP & gleaming hardwood flooring. Updated open KIT w/quartz counters ,backsplash, SS appliances, plenty of cabinet space, breakfast area & Pella sliders to patio. Separate LAUNDRY rm & POWDER rm. Second level has expansive MASTER SUITE w/2 walk-in closets, a full BA w/double vanities, jetted tub & a separate stall shower. 2 other generous-sized BDRMS & a hall BA. Huge finished BASEMENT w/high exposed ceiling offers an abundance of living space & storage. Two-car garage. Top-rated Mountain Lakes HS. Around the corner from Tourne County Park for hiking, jogging etc...Close to NYC bus, shops & restaurants. A real delight to show!

Last Agent to Sell the Property

Lily Chu-Constable

COLDWELL BANKER REALTY Listed on: 06/12/2021

COLDWELL BANKER REALTY

Last Buyer's Agent

Jacqueline Scura

COMPASS OF NEW JERSEY

COMPASS OF NEW JERSEY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,106

Year Built

  • Built in 1996 | Remodeled

Lot Details

  • Cul-De-Sac

HOA Fees

  • $429 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener
  • Additional Parking

Home Design

  • Brick Exterior Construction
  • Vinyl Siding
  • Tile

Interior Spaces

  • Cathedral Ceiling
  • Gas Fireplace
  • Blinds
  • Entrance Foyer
  • Living Room with Fireplace
  • Breakfast Room
  • Family or Dining Combination
  • Recreation Room
  • Storage Room
  • Utility Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Private Pool
  • Patio

Schools

  • Rockawayvl Elementary And Middle School
  • Mountain Lakes High School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2302-41601-0000-00016-0000-C2101
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal, trash collection

Amenities

  • Clubhouse

Recreation

  • Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,106

Year Built

Built in 1996 | Remodeled

Lot Details

0

HOA Fees

$429 per month

Parking

2

Listing Details

  • Style: Townhouse-End Unit, Multi Floor Unit
  • Primary Style: Townhouse-End Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1996
  • Year Built Description: Approximate, Renovated
  • County Name: Morris
  • Renovated Year: 2013
  • Street Number Display: 1
  • Directions: Rt 46 to B'lvd to McCaffrey, L on Brae Loch, R onto Bradford, R on Magnolia Lane.
  • I D: 5076545
  • Modified: 2022-08-27
  • Number Images: 25
  • Section Subdiv Development: Brae Loch
  • First Name: LILY
  • First Name3: JACQUELINE
  • Last Name: CHU-CONSTABLE
  • Last Name3: SCURA
  • Office Phone3: 973-984-1400
  • Special Features: None
  • Property Sub Type: Condos
  • Year Renovated: 2013

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Gas Fireplace, Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Cathedral Ceiling, Fire Extinguisher, JacuzTyp, Smoke Detector, StallShw, TubShowr, Walk-In Closet, Window Treatments
  • Number Rooms: 7
  • Bedrooms: 3
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Primary Bathroom Features: Jetted Tub, Stall Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Full
  • Basement Level Rooms: Rec Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 13x12
  • Kitchen Level: First
  • Living Room Dim: 15x15
  • Living Room Level: First
  • Other Room 1: Breakfast
  • Other Room1 Dim: 13x13
  • Other Room1 Level: First
  • Level 1 Rooms: Breakfast Room, Foyer, GarEnter, Kitchen, Laundry Room, LivDinRm, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Attic
  • Phone: 973-509-2222

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: Curbs, Patio, Sidewalk
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: 2 Car Width, Additional Parking, Blacktop

Utilities

  • Cooling: 1 Unit, Central Air, Multi-Zone Cooling
  • Fuel Type: Electric, Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Club House, Kitchen Facilities, Pool-Outdoor
  • Association Maintenance Fee: 429
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection

Schools

  • Elementary School: RockawayVL
  • Middle School: RockawayVL
  • High School: Mountain Lakes
  • High School: Mountain Lakes
  • Middle Jr High School: RockawayVL

Lot Info

  • Lot Size: .869 AC
  • Assessed Improvement Value: 315700
  • Assessed Land Value: 157500
  • Assessment: 473200
  • Easement: Unknown
  • Lot Description: Cul-De-Sac, Level Lot
  • Lot Identifier: 16
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.87

Rental Info

  • Pets Allowed: BreedRst, Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 11106
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2302-41601-0000-00016-0000-C2101
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.347
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: RockawayVL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2021
Closed on
Aug 18, 2021
Sold by
Wong Jonathan C and Wong Cherry H
Bought by
Sheppell Arthur
Seller's Agent
Lily Chu-Constable
COLDWELL BANKER REALTY
Buyer's Agent
Jacqueline Scura
COMPASS OF NEW JERSEY
List Price
$565,900
Sold Price
$530,000
Premium/Discount to List
-$35,900
-6.34%
Current Estimated Value
$719,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,906
Avg. Annual Appreciation
8.16%
Original Mortgage
$380,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2012
Sold by
Parulekar Rohit and Parulekar Aditi
Bought by
Parulekar Rohit A and Parulekar Aditi R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,497
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 20, 2012
Sold by
Carollo Leigh
Bought by
Parulekar Rohit and Parulekar Aditi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,367
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 4, 1999
Sold by
Andican Celal
Bought by
Carollo Frank and Carollo Leigh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.7%

Purchase Details

Closed on
Jul 10, 1998
Sold by
Fernwood Funding Llc
Bought by
Andican Celal
Source: Public Records

Range of Values:

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Average Value
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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
Sheppell Arthur $530,000 Simplicity Title
Parulekar Rohit A -- None Available
Parulekar Rohit $380,000 Fidelity Natl Title Ins Co
Carollo Frank $220,000 Old Republic Natl Title Ins
Andican Celal $72,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parulekar Rohit A $103,000
Previous Owner Sheppell Arthur $380,000
Previous Owner Parulekar Rohit A $60,000
Previous Owner Parulekar Rohit A $368,000
Previous Owner Parulekar Rohit A $266,000
Previous Owner Parulekar Rohit A $50,000
Previous Owner Parulekar Rohit A $331,000
Previous Owner Parulekar Rohit A $352,500
Previous Owner Parulekar Rohit A $357,820
Previous Owner Parulekar Rohit A $371,497
Previous Owner Parulekar Rohit $370,367
Previous Owner Carollo Frank $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2021 08/26/21 Sold $530,000 -6.3% $224 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
06/12/2021 06/12/21 For Sale $565,900 +13.9% $239 / Sq Ft
10/31/2013 10/31/13 Sold $497,000 -- $210 / Sq Ft
Source: Garden State MLS

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
2024 $11,721 $473,200 $157,500 $315,700
2023 $10,890 $322,000 $112,300 $209,700
2022 $10,188 $322,000 $112,300 $209,700
2021 $10,188 $322,000 $112,300 $209,700
2020 $9,972 $322,000 $112,300 $209,700
2019 $9,705 $322,000 $112,300 $209,700
2018 $9,493 $322,000 $112,300 $209,700
2017 $9,341 $322,000 $112,300 $209,700
2016 $9,116 $322,000 $112,300 $209,700
2015 $8,890 $322,000 $112,300 $209,700
2014 $8,771 $322,000 $112,300 $209,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3719732

Garden State MLS

APN: 29-00501-0000-00021