NOT LISTED FOR SALE

1031 Lake Shore Dr Parsippany, NJ 07054

Estimated Value: $577,000 - $821,000

3 Beds
2 Baths
1,206 Sq Ft
$553/Sq Ft Est. Value

Last Sold July 13, 2021

Last sale price $522,000 $433 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,389/month

18 Days on Market

Highlights

  • Lake Front
  • Lake Privileges
  • Family Room with Fireplace
  • Eastlake Elementary School Rated A-
  • Clubhouse
  • Raised Ranch Architecture

About This Home

As of July 2021

Welcome a New Chapter in Your Life w/ Your New Stunning Lake Parsippany Dream Home w/ endless possibilities! This One of a Kind Property boasts 3 Bdrms 2 Full Bth with tons of Outdoor Entertainment Space, Possible Guest Room w/ Full Walkout Bsmnt, & Endless Storage Space. Plenty of Room to Host Gatherings & Create New Memories in a Home that Delivers Gorgeous Views throughout the Day & Enjoy Evenings like July 4th w/ beautiful Fireworks & Sunsets! Retreat & Unwind on Your Patio or Entertainment Shed after a long day & Enjoy as the Kind Environment Brings More Prosperity to You. Two Driveways w/ 2 Car Garage! Schools have High Ratings & you get easy access to Rt 46, 80, 10, 202, & 287; including transportation to NYC! Close proximity to countless Essential Stores, Hospital & Malls. Don't Miss Out On This!

Last Agent to Sell the Property

RICARDO BARRETO

SIGNATURE REALTY NJ Listed on: 04/21/2021

Last Buyer's Agent

Jacqueline Haynes

CENTURY 21 THE CROSSING

CENTURY 21 THE CROSSING

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,272

Year Built

  • Built in 1940

Lot Details

  • 9,583 Sq Ft Lot
  • Lake Front
  • Dog Run
  • Corner Lot

HOA Fees

  • $16 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Private Driveway
  • Additional Parking
  • Parking Garage Space
  • Parking Lot
  • Off-Street Parking

Property Views

  • Lake
  • Mountain

Home Design

  • Raised Ranch Architecture
  • Ranch Style House
  • Stone Siding
  • Log Siding
  • Tile

Interior Spaces

  • 1,206 Sq Ft Home
  • Wet Bar
  • Dry Bar
  • Family Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Home Office
  • Recreation Room with Fireplace
  • Home Gym
  • Attic

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Garage Access
  • Sump Pump

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Bedroom
  • Handicap Modified

Outdoor Features

  • Lake Privileges
  • Patio
  • Gazebo
  • Pergola
  • Storage Shed

Schools

  • Lkparspny Elementary School
  • Brooklawn Middle School
  • Par-Hills High School

Utilities

  • Central Air
  • One Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 2329-00367-0000-00006-0000-

Community Details

Recreation

  • Community Playground
  • Jogging Path

Additional Features

  • Clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,272

Year Built

Built in 1940

Lot Details

0

HOA Fees

$16 per month

Parking

2

Listing Details

  • Style: Lakestyle, Raised Ranch, Ranch
  • Primary Style: Lakestyle
  • Subproperty Type: Single Family
  • Year Built: 1940
  • Year Built Description: Approximate
  • County Name: Morris
  • Exclusions: Washer, Owners Personal Belongings inside house and entertainment shed.
  • Handicap Modified: Yes
  • Directions: Please enter 1031 Lake Shore Drive, Parsippany, NJ 07054 in your GPS (Waze, Google Maps, etc)
  • I D: 5064896
  • First Name: RICARDO
  • First Name3: JACQUELINE
  • Last Name: BARRETO
  • Last Name3: HAYNES
  • Office Phone: 973.921.1111
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Laminate, Tile, Wood
  • Fireplace Description: Family Room, Rec Room
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, CookElec, Dishwasher, Dryer, Microwave Oven, Refrigerator, Sump Pump
  • Interior Amenities: Bar-Dry, Bar-Wet, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
  • Bedrooms: 3
  • Bedroom 1 Level: Ground
  • Bedroom 2 Level: Ground
  • Bedroom 3 Level: Ground
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished, Full, Walkout
  • Basement Level Rooms: Bath(s) Other, Exercise Room, GarEnter, Laundry Room, Office, Rec Room, Walkout
  • Dining Room Level: Ground
  • Dining Area: Living/Dining Combo
  • Family Room Level: Ground
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Level: Ground
  • Estimated Sq Ft: 1206
  • Ground Level Rooms: 3 Bedrooms, Attic, Bath Main, Dining Room, Family Room, Kitchen, Walkout
  • Phone: 973-921-1111

Exterior Features

  • Exterior Description: CedarSid, Log, Stone
  • Exterior Features: Barbeque, Dog Run, Gazebo, Patio, Pergola, Storage Shed
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Built-In Garage, Garage Parking
  • Number Garage Spaces: 2
  • Number Parking Spaces: 6
  • Parking Driveway Description: 2 Car Width, Additional Parking, Blacktop, Driveway-Exclusive, Off-Street Parking, Parking Lot-Exclusive

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Hotwater
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water

Condo/Co-op/Association

  • Amenities: Club House, Jogging/Biking Path, Lake Privileges, Playground
  • Association Maintenance Fee: 195
  • Association Maintenance Fee Frequency: Annually

Schools

  • High School: Par-Hills
  • Middle Jr High School: BrookLawn

Lot Info

  • Lot Size: .220 AC
  • Lot Description: Corner, Lake Front, Lake/Water View, Mountain View
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.22
  • Zoning: Residential

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 9272
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2329-00367-0000-00006-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 3.094
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: LKParspny

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2021
Closed on
Jul 1, 2021
Sold by
Gallego Edilberto
Bought by
Patil Mahesh Chavan and Patil Sangeeta Chavan
Seller's Agent
RICARDO BARRETO
SIGNATURE REALTY NJ
Buyer's Agent
Jacqueline Haynes
CENTURY 21 THE CROSSING
List Price
$569,900
Sold Price
$522,000
Premium/Discount to List
-$47,900
-8.4%
Current Estimated Value
$666,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,675
Avg. Annual Appreciation
5.70%
Original Mortgage
$277,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 1988
Bought by
Gallego Edilberto and Gallego Maria S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Patil Mahesh Chavan $522,000 Golden Title Agency Llc
Gallego Edilberto $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patil Mahesh Chavan $277,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2021 07/13/21 Sold $522,000 -8.4% $433 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
04/25/2021 04/25/21 For Sale $569,900 -- $473 / 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
2025 $10,521 $303,800 $157,300 $146,500
2024 $10,320 $303,800 $157,300 $146,500
2023 $10,320 $303,800 $157,300 $146,500
2022 $9,497 $303,800 $157,300 $146,500
2021 $9,497 $299,700 $157,300 $142,400
2020 $9,273 $299,700 $157,300 $142,400
2019 $9,024 $299,700 $157,300 $142,400
2018 $8,826 $299,700 $157,300 $142,400
2017 $8,628 $299,700 $157,300 $142,400
2016 $8,479 $299,700 $157,300 $142,400
2015 $8,254 $299,700 $157,300 $142,400
2014 $8,146 $299,700 $157,300 $142,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3706413

Garden State MLS

APN: 29-00367-0000-00006