NOT LISTED FOR SALE

227 Martin Luther King Ave Morristown, NJ 07960

Estimated Value: $750,000 - $911,000

4 Beds
2 Baths
2,148 Sq Ft
$373/Sq Ft Est. Value

Last Sold May 09, 2014

Last sale price $585,000 $272 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,342/month

About This Home

As of May 2014

This home is located at 227 Martin Luther King Ave, Morristown, NJ 07960 since 09 May 2014 and is currently estimated at $800,958, approximately $372 per square foot. 227 Martin Luther King Ave is a home located in Morris County with nearby schools including Hillcrest School, Thomas Jefferson School, and Alfred Vail School.

Last Agent to Sell the Property

GEORGE JENKINS

COMPASS NEW JERSEY, LLC Brokerage Phone: 973-539-6300 Listed on: 05/09/2014

Last Buyer's Agent

GEORGE JENKINS

COMPASS NEW JERSEY, LLC Brokerage Phone: 973-539-6300 Listed on: 05/09/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,846

Lot Details

  • 0.29 Acre Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,846

Lot Details

0

Listing Details

  • County Name: Morris
  • Street Number Display: 227
  • I D: 4420396
  • Modified: 2021-09-23
  • Number Images: 0
  • Attribution Contact: 973-539-6300
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 0.29 AC
  • Total Acres: 0.29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2014
Closed on
Apr 1, 2014
Sold by
Starnes Bruce and Starnes Bruce
Bought by
The Morris County Affordable Housing Cor
Seller's Agent
GEORGE JENKINS
COMPASS NEW JERSEY, LLC
Buyer's Agent
GEORGE JENKINS
COMPASS NEW JERSEY, LLC
Sold Price
$585,000
Current Estimated Value
$800,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,958
Avg. Annual Appreciation
2.82%
Original Mortgage
$399,000
Interest Rate
4.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 17, 2013
Sold by
Green Jennifer and Starnes Bruce
Bought by
Statnes Bruce

Purchase Details

Closed on
Aug 19, 1998
Sold by
Foster Weldon and Foster Gay
Bought by
Starnes Bruce and Starnes Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.57%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
The Morris County Affordable Housing Cor $585,000 Chicago Title Insurance Co
Statnes Bruce -- None Available
Starnes Bruce $350,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morris County Affordale Housing Corp $460,655
Closed Morris County Affordable Housing Corp $399,000
Closed The Morris County Affordable Housing Cor $399,000
Previous Owner Starnes Bruce $280,000
Previous Owner Starnes Bruce $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2014 05/09/14 Sold $585,000 -- $272 / 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 $11,846 $591,700 $103,200 $488,500
2024 $11,864 $591,700 $103,200 $488,500
2023 $11,864 $591,700 $103,200 $488,500
2022 $11,313 $591,700 $103,200 $488,500
2021 $11,313 $591,700 $103,200 $488,500
2020 $11,017 $591,700 $103,200 $488,500
2019 $8,296 $452,600 $103,200 $349,400
2018 $8,206 $452,600 $103,200 $349,400
2017 $8,151 $452,600 $103,200 $349,400
2016 $8,025 $452,600 $103,200 $349,400
2015 $8,485 $334,600 $71,800 $262,800
2014 -- $334,600 $71,800 $262,800
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    GEORGE JENKINS

    COMPASS NEW JERSEY, LLC

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Map

Source: Garden State MLS

MLS Number: 3116533

Garden State MLS

APN: 22-10307-0000-00014

New Jersey Morris County Morristown 07960

227 Martin Luther King Ave, Morristown, NJ

This home is located at 227 Martin Luther King Ave, Morristown, NJ 07960 since 09 May 2014 and is currently estimated at $800,958, approximately $372 per square foot. 227 Martin Luther King Ave is a home located in Morris County with nearby schools including Hillcrest School, Thomas Jefferson School, and Alfred Vail School.

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