NOT LISTED FOR SALE

11 Tree Top Terrace Morristown, NJ 07960

Estimated Value: $1,187,000 - $1,295,000

5 Beds
4 Baths
3,103 Sq Ft
$392/Sq Ft Est. Value

Last Sold October 28, 2016

Last sale price $730,000 $235 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $7,558/month

111 Days on Market

Highlights

  • 0.6 Acre Lot
  • Colonial Architecture
  • Wooded Lot
  • Hillcrest School Rated A-
  • Deck
  • Cathedral Ceiling

About This Home

As of October 2016

The 11 Tree Top Terrace Experience Begins At The Approach Through A Prestigious Neighborhood, Named "The Summit." Offerings Of Mature Landscapes, Estimable, Estate-Inspired Properties In The Passing As One Advances Toward Your Circular Driveway, Perched In A More Private, Cul De Sac Location. This Stunning, Bright Contemporary Center Hall Colonial Will Gratify All Needs With Tastefully Renovated Baths, A Master Suite Featuring A Tranquil Spa Bath, & A Chef's Kitchen W/Bosch SS Appl, Center Island, & Granite Counters. This Grand Five Bedroom, 4 Full Renovated Bath Home Encompasses A First-Floor Au Pair/In-Law Suite, Idyllic Design & Flair In A Prime Location.

Last Agent to Sell the Property

JOSEPH SPANARELLI

COLDWELL BANKER REALTY Listed on: 04/29/2016

Last Buyer's Agent

JOSEPH SPANARELLI

COLDWELL BANKER REALTY Listed on: 04/29/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,467

Year Built

  • Built in 1989

Lot Details

  • 0.6 Acre Lot
  • Cul-De-Sac
  • Sprinkler System
  • Wooded Lot

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Wood Siding
  • Vertical Siding
  • Stone Siding
  • Tile

Interior Spaces

  • Cathedral Ceiling
  • Skylights
  • Thermal Windows
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Den
  • Storage Room
  • Wood Flooring
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite
  • 4 Full Bathrooms
  • Jetted Tub in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Intercom
  • Carbon Monoxide Detectors

Outdoor Features

  • Deck

Utilities

  • Zoned Heating and Cooling
  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2322-01806-0000-00016-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,467

Year Built

Built in 1989

Lot Details

0

Parking

3

Listing Details

  • Style: Colonial, Contemporary
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1989
  • Year Built Description: Approximate
  • County Name: Morris
  • Directions: Ketch Rd to Manor Dr to Tree Top Terrace
  • I D: 4620298
  • Section Subdiv Development: The Summit
  • First Name: JOSEPH
  • First Name3: JOSEPH
  • Last Name: SPANARELLI
  • Last Name3: SPANARELLI
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2015

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Family Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Central Vacuum, OvnWElec, Refrigerator, CookGas, Washer, Dishwasher, Self Cleaning Oven, Kitchen Exhaust Fan, Dryer, Microwave Oven
  • Interior Amenities: Intercom, JacuzTyp, Security System, Carbon Monoxide Detector, High Ceilings, Skylight, Cathedral Ceiling
  • Bedrooms: 5
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower And Tub, Jetted Tub
  • Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Description: Walkout, Finished
  • Basement Level Rooms: Bath(s) Other, Storage Room, Den
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: Basement
  • Family Room Level: First
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, Full Bath
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Dim: 19x15
  • Kitchen Level: First
  • Living Room Dim: 13x18
  • Living Room Level: First
  • Other Room1 Dim: 9x12
  • Other Room1 Level: Basement
  • Other Room 2: Storage Room
  • Other Room2 Dim: 9x12
  • Other Room2 Level: Basement
  • Level 1 Rooms: Bath(s) Other, Family Room, Kitchen, Laundry Room, Foyer, Dining Room, Living Room
  • Level 2 Rooms: Bath(s) Other, 4 Or More Bedrooms
  • Phone: 973-267-3030

Exterior Features

  • Exterior Description: Stone, Vertical Siding, Wood
  • Exterior Features: Deck, Thermal Windows/Doors, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 3
  • Parking Driveway Description: Circular

Utilities

  • Cooling: 2 Units, Central Air, Multi-Zone Cooling
  • Fuel Type: Gas-Natural
  • Heating: 2 Units
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Lot Size: 0.6011 AC
  • Easement: Unknown
  • Lot Description: Cul-De-Sac, Wooded Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.60

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 15467
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2322-01806-0000-00016-0000-
  • Tax Rate Amount: 2.536
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2016
Closed on
Oct 26, 2016
Sold by
Walter Reinhard and Walter Stefanie
Bought by
Patel Ashvinkumar and Patel Darshana
Seller's Agent
JOSEPH SPANARELLI
COLDWELL BANKER REALTY
Buyer's Agent
JOSEPH SPANARELLI
COLDWELL BANKER REALTY
List Price
$814,000
Sold Price
$730,000
Premium/Discount to List
-$84,000
-10.32%
Current Estimated Value
$1,217,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$487,782
Avg. Annual Appreciation
5.77%
Original Mortgage
$584,000
Outstanding Balance
$468,851
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$748,931

Purchase Details

Closed on
Oct 28, 2009
Sold by
Walter Reinhard and Walter Stefanie
Bought by
Walter Reinhard and Walter Stefanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Interest Rate
5.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2002
Sold by
Monka Esti
Bought by
Walter Reinhard and Walter Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,000
Interest Rate
7.13%
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
Patel Ashvinkumar $730,000 Regal Title Ins Agency Inc
Walter Reinhard -- None Available
Walter Reinhard $689,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Ashvinkumar $584,000
Previous Owner Walter Reinhard $515,000
Previous Owner Walter Reinhard $689,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2016 10/28/16 Sold $730,000 -10.3% $235 / Sq Ft
08/18/2016 08/18/16 Pending -- -- --
04/29/2016 04/29/16 For Sale $814,000 -- $262 / 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 $14,054 $702,000 $300,100 $401,900
2024 $14,075 $702,000 $300,100 $401,900
2023 $14,075 $702,000 $300,100 $401,900
2022 $13,422 $702,000 $300,100 $401,900
2021 $13,422 $702,000 $300,100 $401,900
2020 $13,071 $702,000 $300,100 $401,900
2019 $12,868 $702,000 $300,100 $401,900
2018 $12,727 $702,000 $300,100 $401,900
2017 $12,643 $702,000 $300,100 $401,900
2016 $12,446 $702,000 $300,100 $401,900
2015 $15,467 $609,900 $239,000 $370,900
2014 $15,266 $609,900 $239,000 $370,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3302330

Garden State MLS

APN: 22-01806-0000-00016