$1,350,000
SOLD JUN 3, 2022

171 Lake Rd Unit 173 Morristown, NJ 07960

4 Beds
5 Baths
4,412 Sq Ft
2.38 Acres

Recently Sold

$306 Per Sq Ft

13% Above List Price

23 Days on Market

Highlights

  • Custom Home
  • 2.38 Acre Lot
  • Dining Room with Fireplace
  • Alfred Vail School Rated A-
  • Deck
  • Wood Flooring

About This Home

As of June 2022

Enjoy the grandeur of 1930 architecture with today's luxury amenities. Set within old stone walls, this newly renovated 1930's villa on 2+ acres enjoys 4 bedrooms, 3 full and 2 half baths, and 4 fireplaces including one in the primary bedroom. The home had extensive renovations in 2016-2017; from wiring and plumbing to all new bathrooms and kitchen, etc. Foyer has gracious wide wooden staircase leading up to main floor with 9 ft. ceilings. Beautiful new open concept kitchen and family room. Living room is adorned with the original built-in bookcases flanking the fireplace & french doors to balcony with views of the garden, and curved iron staircase leads to formal gardens and brick paths. Gracious sized formal dining room with fireplace and views of the garden through tall french doors. In the private space there are 2 bedrooms en-suite with full bathrooms, primary bedroom enjoys fireplace and view of the garden. Ground floor includes 2 Bedrooms 1.5 baths, office, gym (could be a 5th bedroom) and large laundry room with various accesses to the manicured backyard. The home enjoys plenty of privacy, set back off a long newly paved driveway with over 2+ acres of land, truly a treasure. Full house propane generator. Fireplaces have not been used by current owners and are therefore being conveyed "as is". Must be seen to be appreciated!

Last Agent to Sell the Property

MARA NYDAM

TURPIN REAL ESTATE, INC. Listed on: 03/01/2022

Co-Listed By

BRIAN HAYS

TURPIN REAL ESTATE, INC.

Last Buyer's Agent

Julie Wintz-Ballestero

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,789

Year Built

  • Built in 1930

Lot Details

  • 2.38 Acre Lot
  • Property fronts a private road
  • Flag Lot

Parking

  • 2 Car Detached Garage
  • Inside Entrance

Home Design

  • Custom Home
  • Tile

Interior Spaces

  • 4,412 Sq Ft Home
  • High Ceiling
  • Window Treatments
  • Entrance Foyer
  • Family Room with entrance to outdoor space
  • Family Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 4 Fireplaces
  • Formal Dining Room
  • Home Office
  • Library with Fireplace
  • Wood Flooring
  • Exterior Basement Entry

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Butlers Pantry
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • In-Law or Guest Suite
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio

Schools

  • Alfredvail Elementary School
  • Frelghuysn Middle School
  • Morristown High School

Utilities

  • Forced Air Heating and Cooling System
  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Standard Electricity
  • Well
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2322-01101-0000-00018-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,789

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Style: Custom Home
  • Primary Style: Custom Home
  • Subproperty Type: Single Family
  • Year Built: 1930
  • Year Built Description: Approximate
  • County Name: Morris
  • Renovated Year: 2016
  • Street Number Display: 171
  • Directions: Sussex Road to Lake Road, driveway is private road called BAKER ST, between Manchester and Holmes Court. DO NOT GO UP DRIVEWAY WITHOUT AN APPOINTMENT.
  • I D: 5128881
  • Modified: 2023-06-04
  • Number Images: 30
  • First Name: MARA
  • First Name2: BRIAN
  • First Name3: JULIE
  • Last Name: NYDAM
  • Last Name2: HAYS
  • Last Name3: WINTZ-BALLESTERO
  • Office Phone: 973-543-7400
  • Office Phone3: 973-267-8990
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2016

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Bedroom 1, Dining Room, Library, Living Room
  • Number of Fireplaces: 4
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Dryer, Generator-Built-In, Microwave Oven, Refrigerator, OvnWElec, Washer
  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Security System, Smoke Detector, SoakTub, StallShw, Walk-In Closet, Window Treatments
  • Number Rooms: 13
  • Bedrooms: 4
  • Master Bedroom Desc: 1st Floor, Fireplace, Full Bath
  • Bedroom 1 Level: First
  • Bedroom 2 Level: Ground
  • Bedroom 3 Level: Ground
  • Bedroom 4 Level: Ground
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 3.20
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: Ground
  • Family Room Level: First
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, Full Bath, Living Room, SepEnter
  • Kitchen Area: Breakfast Bar, Eat-In Kitchen, Pantry
  • Kitchen Dim: 14x13
  • Kitchen Level: First
  • Living Room Dim: 24x14
  • Living Room Level: First
  • Other Room 1: Foyer
  • Other Room1 Dim: 20x12
  • Other Room1 Level: Ground
  • Other Room 2: Exercise Room
  • Other Room2 Dim: 14x14
  • Other Room2 Level: Ground
  • Other Room 3: Foyer
  • Other Room3 Dim: 20x12
  • Other Room3 Level: Ground
  • Other Room 4: Utility Room
  • Other Room4 Level: Ground
  • Level 1 Rooms: 2 Bedrooms, Bath(s) Other, Dining Room, Family Room, Kitchen, Living Room, OutEntrn, Pantry, Powder Room
  • Estimated Sq Ft: 4412
  • Ground Level Rooms: 2 Bedrooms, Bath(s) Other, Foyer, Inside Entrance, Laundry Room, Office, Outside Entrance, Walkout

Exterior Features

  • Exterior Description: Stucco
  • Exterior Features: Deck, Patio, Storm Door(s), Storm Window(s)
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 4
  • Parking Driveway Description: Blacktop

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Electric, Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Well
  • Water Heater: Gas

Schools

  • Elementary School: Alfredvail
  • Middle School: Frelghuysn
  • High School: Morristown
  • High School: Morristown
  • Middle Jr High School: Frelghuysn

Lot Info

  • Lot Size: 2.38
  • Assessed Improvement Value: 501100
  • Assessed Land Value: 324700
  • Assessment: 825800
  • Lot Description: Flag Lot, Private Road
  • Lot Identifier: 18
  • Lot I D Tax: *
  • Total Acres: 2.38

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 15789
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2322-01101-0000-00018-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 1.912
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: Alfredvail

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2022
Closed on
Jun 3, 2022
Sold by
Hargrove Robin S and Hargrove Kay
Bought by
Ballestero Mark and Wintz-Ballestero Julie
Seller's Agent
MARA NYDAM
TURPIN REAL ESTATE, INC.
Buyer's Agent
Julie Wintz-Ballestero
COLDWELL BANKER REALTY
List Price
$1,195,000
Sold Price
$1,350,000
Premium/Discount to List
$155,000
12.97%
Current Estimated Value
$1,492,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,454
Avg. Annual Appreciation
2.62%

Purchase Details

Listed on
Mar 18, 2016
Closed on
Aug 23, 2016
Sold by
Fischell Rosalind K
Bought by
Fischell Rosalind K and Fischell Marc
Seller's Agent
MARA NYDAM
TURPIN REAL ESTATE, INC.
Buyer's Agent
Deborah Sprung
COLDWELL BANKER REALTY
List Price
$649,000
Sold Price
$620,000
Premium/Discount to List
-$29,000
-4.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.46%

Purchase Details

Closed on
Mar 4, 2010
Sold by
Fischell Norman
Bought by
Fischell Norman L and Fischell Rosalind K

Purchase Details

Closed on
Feb 10, 2006
Sold by
Baker Estate Llc
Bought by
Fischell Norman
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,350,000 Zwiren Title
Bargain Sale Deed $1,050,000 Nrt Title Agency Llc
Deed -- Nrt Title Agency Llc
Deed -- Nrt Title Agency Llc
Interfamily Deed Transfer -- None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $750,000 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $300,000 Unknown
Previous Owner $180,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2022 06/03/22 Sold $1,350,000 +13.0% $306 / Sq Ft
03/28/2022 03/28/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $1,195,000 0.0% $271 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $1,195,000 +92.7% $271 / Sq Ft
09/01/2016 09/01/16 Sold $620,000 -4.5% $135 / Sq Ft
04/26/2016 04/26/16 Pending -- -- --
03/18/2016 03/18/16 For Sale $649,000 -- $141 / 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 $16,988 $847,300 $302,400 $544,900
2023 $16,988 $847,300 $302,400 $544,900
2022 $15,789 $825,800 $324,700 $501,100
2021 $15,789 $825,800 $324,700 $501,100
2020 $15,376 $825,800 $324,700 $501,100
2019 $15,137 $825,800 $324,700 $501,100
2018 $14,972 $825,800 $324,700 $501,100
2017 $11,580 $643,000 $302,400 $340,600
2016 $19,200 $1,082,900 $742,300 $340,600
2015 $22,031 $878,600 $491,400 $387,200
2014 $21,741 $878,600 $491,400 $387,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3766358

Garden State MLS

APN: 22-01101-0000-00018