$435,000
OPEN SUN 1PM - 3PM

198 Drake Ln Unit 198 Ledgewood, NJ 07852

Estimated payment $3,206/month

3 Beds
2 Baths
1,446 Sq Ft
$301 Price per Sq Ft

Highlights

  • Private Pool
  • Lake View
  • Cathedral Ceiling
  • Roxbury High School Rated A-
  • Clubhouse
  • Wood Flooring

About This Home

Best UPDATED and Best LOCATION of all currently available Drakesville units! A stunning, simply fabulous ONE LEVEL, NO STEPS - 3 bedroom/2 full bathroom END UNIT condo with a very private, picturesque location. ALL the windows and both patios in this pristine unit have relaxing water views, complete with swans! Numerous updates include the kitchen, both bathrooms, flooring, central air conditioning & hot water heater. All rooms have custom crown molding and new durable wood laminate floors, except for master bedroom (carpet). Gourmet kitchen features wood soft close cabinetry, granite counters and separate eating bar, tile backsplash, new appliances & pantry closet. Dining room opens to large living room, complete with sliders to a covered patio. Hallway has a full bathroom, laundry room with washer & dryer and a linen closet. The large primary bedroom suite boasts a huge walk-in closet, sliders to another patio, and a spa bathroom complete with custom vanity and linen closet, stall shower and even heated tile flooring. There are 2 more bedrooms, both with double closets. A very convenient exit from the main building foyer leads you to the garage with automatic door openers and extra storage. The lovely grounds have curbs & sidewalks to the pool, tennis courts and club house. Drakesville's ideal location is close to shopping centers, medical facilities, major highways, and Horseshoe Lake Recreation Park. All this and so much more makes this the perfect "Home Sweet Home"!

Listing Agent

Lisa Shaw

RE/MAX HOUSE VALUES Brokerage Phone: 973-229-4889 Listed on: 11/24/2025

RE/MAX HOUSE VALUES

Open House Schedule

  • Sunday, November 30, 2025
    1:00 to 3:00 pm
    11/30/2025 1:00:00 PM +00:00
    11/30/2025 3:00:00 PM +00:00
    You will fall in love! Perfect one level, first floor, end unit condo filled with many wonderful updates! 3 bedrooms & 2 full bathrooms in private setting
    Add to Calendar

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,171

Year Built

  • Built in 1989

Lot Details

  • Cul-De-Sac
  • Wood Fence

HOA Fees

  • $395 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Inside Entrance
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Vertical Siding
  • Tile

Interior Spaces

  • 1,446 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Shades
  • Blinds
  • Drapes & Rods
  • Family Room with entrance to outdoor space
  • Living Room
  • L-Shaped Dining Room
  • Formal Dining Room
  • Lake Views
  • Front Basement Entry

Kitchen

  • Breakfast Bar
  • Butlers Pantry
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Private Pool
  • Patio

Schools

  • Franklin Elementary School
  • Eisenhower Middle School
  • Roxbury High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Underground Utilities

Listing and Financial Details

  • Assessor Parcel Number 2336-06501-0000-00002-0201-

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,171

Year Built

Built in 1989

Lot Details

0

HOA Fees

$395 per month

Parking

1

Listing Details

  • Style: First Floor Unit, One Floor Unit
  • Primary Style: First Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1989
  • Year Built Description: Approximate
  • County Name: Morris
  • Directions: From Rt. 10--- OR ---Rt. 46 to Commerce to Drake Lane. Upon entering complex, make first left hand turn.
  • I D: 5398832
  • Section Subdiv Development: Drakesville
  • Attribution Contact: 973-229-4889
  • MLS Status: Active
  • Special Features: OpenHouse
  • Property Sub Type: Condos
  • Year Renovated: 2022

Interior Features

  • Flooring: Carpeting, Laminate, Tile, Wood
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Cathedral Ceiling, Drapes, Shades, Smoke Detector, StallShw, StallTub, Walk-In Closet, Window Treatments
  • Bedrooms: 3
  • Master Bedroom Desc: 1st Floor, Full Bath, Walk-In Closet
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Dining Room Level: First
  • Dining Area: Dining L
  • Kitchen Area: Breakfast Bar, Pantry
  • Kitchen Dim: 15x11
  • Kitchen Level: First
  • Living Room Dim: 19x13
  • Living Room Level: First
  • Other Room 1: Laundry Room
  • Other Room1 Dim: 8x6
  • Other Room1 Level: First
  • Other Room 2: Foyer
  • Other Room2 Dim: 5x5
  • Other Room2 Level: First
  • Level 1 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other, Dining Room, Entrance Vestibule, GarEnter, InsdEntr, Kitchen, Laundry Room, Living Room, OutEntrn, Screened, Walkout
  • Estimated Sq Ft: 1446

Exterior Features

  • Exterior Description: Vertical Siding
  • Exterior Features: Curbs, Patio, Sidewalk, Tennis Courts, Wood Fence
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener, InEntrnc
  • Number Garage Spaces: 1
  • Number Parking Spaces: 1
  • Parking Driveway Description: 1 Car Width, Assigned, Blacktop

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground
  • Water: Public Water
  • Water Heater: From Furnace

Condo/Co-op/Association

  • Amenities: Club House, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 395
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal

Schools

  • High School: Roxbury
  • Middle Jr High School: Eisenhower

Lot Info

  • Lot Size: 0.23 AC
  • Easement: Unknown
  • Lot Description: Cul-De-Sac, Lake/Water View
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.23
  • Zoning: RES

Rental Info

  • Pets Allowed: Call, Cats OK, Dogs OK

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Street Number Tax: *
  • Tax Amount: 6171
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2336-06501-0000-00002-0201-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.749
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2024

MLS Schools

  • Grade School: Franklin

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $6,172 $224,500 $90,000 $134,500
2024 $6,075 $224,500 $90,000 $134,500
2023 $6,075 $224,500 $90,000 $134,500
2022 $5,913 $224,500 $90,000 $134,500
2021 $5,902 $224,500 $90,000 $134,500
2020 $5,902 $224,500 $90,000 $134,500
2019 $5,792 $224,500 $90,000 $134,500
2018 $5,978 $138,700 $66,500 $72,200
2017 $5,946 $138,700 $66,500 $72,200
2016 $5,830 $138,700 $66,500 $72,200
2015 $5,685 $138,700 $66,500 $72,200
2014 $5,595 $138,700 $66,500 $72,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/26/2025 11/26/25 For Sale $435,000 +69.9% $301 / Sq Ft
05/29/2013 05/29/13 Sold $256,000 -- $177 / Sq Ft View Prior Sale
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $256,000 Chicago Title Insurance Co
Bargain Sale Deed $295,000 Chicago Title Insurance Co
Deed $220,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $275,000 Purchase Money Mortgage
Previous Owner $176,000 No Value Available
Source: Public Records

Source: Garden State MLS

MLS Number: 3999249

Garden State MLS

APN: 36-06501-0000-00002-201

New Jersey Morris County Ledgewood 07852

198 Drake Ln Unit 198, Ledgewood, NJ

For Sale

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Lisa Shaw
Listing Agent
Lisa Shaw
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RE/MAX HOUSE VALUES
(201) 357-6084