NOT LISTED FOR SALE

16 Drake Rd Mendham, NJ 07945

Mendham Area

Estimated Value: $1,049,718 - $1,237,000

5 Beds
3 Baths
2,150 Sq Ft
$526/Sq Ft Est. Value

Sale Details

Date Sold: April 10, 2023

Last sale price $810,000 $377 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,072 / mo

8 Days on Market

About This Home

As of April 2023

This home is located at 16 Drake Rd, Mendham, NJ 07945 since 01 February 2023 and is currently estimated at $1,131,180, approximately $526 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

Virginia Butkus

RE/MAX HERITAGE PROPERTIES Brokerage Phone: 908-879-4700 Listed on: 02/01/2023

RE/MAX HERITAGE PROPERTIES

Last Buyer's Agent

KAREN TYRELL

COMPASS NEW JERSEY, LLC

COMPASS NEW JERSEY, LLC

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1967

Lot Details

  • 27,878 Sq Ft Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1967

Lot Details

0.64 Acres

Listing Details

  • Year Built: 1967
  • County Name: Morris
  • I D: 5201616
  • Attribution Contact: 908-879-4700
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 2.10

Lot Info

  • Lot Size: 0.640 AC
  • Total Acres: 0.64

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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
$1,131,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,180
Avg. Annual Appreciation
10.39%
Original Mortgage
$607,500
Outstanding Balance
$580,372
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$550,808

Purchase Details

Closed on
Sep 29, 1995
Sold by
Muro Leo M and Muro Barbara
Bought by
Lamberto Joseph A and Lamberto Maureen
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Mendham, NJ

  • Ted Miller II Real Estate Agent - COLDWELL BANKER REALTY

    Ted Miller II

    COLDWELL BANKER REALTY

    (862) 707-2498

    124 Total Sales

    1 in Mendham

    $870,000 Price

    Ted Miller II
     Section Image
  • Lynette DeLisa Real Estate Agent - REALTY EXECUTIVES EXCEPTIONAL

    Lynette DeLisa

    Responds Quickly

    REALTY EXECUTIVES EXCEPTIONAL

    (862) 247-4172

    168 Total Sales

    1 in Mendham

    $1,550,000 Price

    Lynette DeLisa
     Section Image
  • Scott Hobbs Real Estate Agent - COLDWELL BANKER REALTY

    Scott Hobbs

    COLDWELL BANKER REALTY

    (908) 332-8429

    57 Total Sales

    1 in Mendham

    $1,300,000 Price

    Scott Hobbs
     Section Image
  • Nicole Weaver Real Estate Agent - KELLER WILLIAMS TOWNE SQUARE REAL

    Nicole Weaver

    Responds Quickly

    KELLER WILLIAMS TOWNE SQUARE REAL

    (855) 631-1636

    42 Total Sales

    1 in Mendham

    $4,225,000 Price

    Nicole Weaver
     Section Image
  • Ronald Wood Jr. Real Estate Agent - WEICHERT REALTORS

    Ronald Wood Jr.

    WEICHERT REALTORS

    (862) 229-9856

    24 Total Sales

    1 in Mendham

    $496,125 Price

    Ronald Wood Jr.
     Section Image
  • Paul Nilsen Real Estate Agent - WEICHERT REALTORS

    Paul Nilsen

    WEICHERT REALTORS

    (732) 631-8548

    80 Total Sales

    1 in Mendham

    $760,000 Price

    Paul Nilsen
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$810,000 Attorney Title Services
Lamberto Joseph A $270,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $607,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,822 $521,200 $317,200 $204,000
2025 $12,822 $521,200 $317,200 $204,000
2024 $12,790 $521,200 $317,200 $204,000
2023 $12,790 $521,200 $317,200 $204,000
2022 $12,207 $521,200 $317,200 $204,000
2021 $11,711 $521,200 $317,200 $204,000
2020 $11,993 $521,200 $317,200 $204,000
2019 $11,711 $521,200 $317,200 $204,000
2018 $11,545 $521,200 $317,200 $204,000
2017 $11,378 $521,200 $317,200 $204,000
2016 $11,034 $521,200 $317,200 $204,000
2015 $10,789 $521,200 $317,200 $204,000
2014 $10,507 $521,200 $317,200 $204,000
Source: Public Records

Agents Affiliated with this Home

  • Virginia Butkus Real Estate Agent - RE/MAX

    Seller's Agent in 2023

    Virginia Butkus

    RE/MAX

    (201) 519-7171

    17 Total Sales

    Virginia Butkus
    Section Image
  • KAREN TYRELL Real Estate Agent - COMPASS NEW JERSEY, LLC

    Buyer's Agent in 2023

    KAREN TYRELL

    COMPASS NEW JERSEY, LLC

    (201) 310-7619

    38 Total Sales

    KAREN TYRELL
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3827078

Garden State MLS

APN: 18-01702-0000-00007

New Jersey Morris County Mendham 07945

16 Drake Rd, Mendham, NJ

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