Seller's Agent in 2023
Virginia Butkus
RE/MAX
(201) 519-7171
1 in this area
26 Total Sales
16 Drake Rd Mendham, NJ 07945
Estimated Value: $925,000 - $1,033,000
5
Beds
3
Baths
2,150
Sq Ft
$458/Sq Ft
Est. Value
About This Home
As of April 2023This home is located at 16 Drake Rd, Mendham, NJ 07945 since 01 February 2023 and is currently estimated at $984,193, approximately $457 per square foot. This property was built in 1967. 16 Drake Rd is a home located in Morris County with nearby schools including Hilltop Elementary School, Mountain View Middle School, and West Morris Mendham High School.
Last Agent to Sell the Property
RE/MAX HERITAGE PROPERTIES Brokerage Phone: 908-879-4700 Listed on: 02/01/2023
Home Details
Home Type
- Single Family
Year Built
- Built in 1967
Lot Details
- 0.64 Acre Lot
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 1, 2023
Closed on
Mar 23, 2023
Sold by
Lamberto Joseph A and Lamberto Maureen
Bought by
Sharma Neeraj and Sharma Priyanka
Seller's Agent
Virginia Butkus
RE/MAX HERITAGE PROPERTIES
Buyer's Agent
KAREN TYRELL
COMPASS NEW JERSEY, LLC
List Price
$795,000
Sold Price
$810,000
Premium/Discount to List
$15,000
1.89%
Views
54
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,193
Avg. Annual Appreciation
7.20%
Original Mortgage
$607,500
Outstanding Balance
$587,089
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$397,104
Purchase Details
Closed on
Sep 29, 1995
Sold by
Muro Leo M and Muro Barbara
Bought by
Lamberto Joseph A and Lamberto Maureen
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sharma Neeraj | $810,000 | Attorney Title Services | |
| Sharma Neeraj | $810,000 | Attorney Title Services | |
| Lamberto Joseph A | $270,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sharma Neeraj | $607,500 | |
| Closed | Sharma Neeraj | $607,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/10/2023 04/10/23 | Sold | $810,000 | +1.9% | $377 / Sq Ft |
| 02/13/2023 02/13/23 | Pending | -- | -- | -- |
| 02/04/2023 02/04/23 | For Sale | $795,000 | -- | $370 / Sq Ft |
Source: Garden State MLS
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 | $12,822 | $521,200 | $317,200 | $204,000 |
| 2024 | $12,790 | $521,200 | $317,200 | $204,000 |
Source: Public Records
Agents Affiliated with this Home
-
Virginia Butkus
-
KAREN TYRELL
K
Buyer's Agent in 2023
KAREN TYRELL
COMPASS NEW JERSEY, LLC
(201) 310-7619
1 in this area
36 Total Sales
Map
Source: Garden State MLS
MLS Number: 3827078
APN: 18-01702-0000-00007
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