NOT LISTED FOR SALE

24 Cottage Place Morristown, NJ 07960

Estimated Value: $482,000 - $610,000

2 Beds
1 Bath
1,311 Sq Ft
$409/Sq Ft Est. Value

Last Sold June 09, 2021

Last sale price $300,000 $229 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,429/month

8 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Sun or Florida Room
  • Alfred Vail School Rated A-
  • Attic
  • 2-minute walk to Jersey Avenue Playground

About This Home

As of June 2021

This is a great opportunity in a tough market! Take advantage of the incredible value this 1300+ sqft cottage style home has to offer. This home features a large eat-in kitchen as well as a separate dining room space, basement w/ fireplace, and a screened in porch in the rear. Home is in need of some TLC and cosmetic enhancements, overall in good shape. Priced to sell. Close to major highways, the Morristown green, shopping, restaurants, and public transportation.

Last Agent to Sell the Property

Ronald Frost

RE/MAX HOUSE VALUES Listed on: 04/21/2021

RE/MAX HOUSE VALUES

Last Buyer's Agent

Jason Olmo

REDFIN CORPORATION

REDFIN CORPORATION

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,111

Year Built

  • Built in 1946

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Home Design

  • Cottage
  • Aluminum Siding
  • Tile

Interior Spaces

  • 1,311 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room
  • Formal Dining Room
  • Den
  • Sun or Florida Room
  • Attic
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Gas Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • On-Street Parking

Outdoor Features

  • Enclosed Patio or Porch
  • Storage Shed

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2324-00403-0000-00050-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,111

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Style: Cottage
  • Primary Style: Cottage
  • Subproperty Type: Single Family
  • Year Built: 1946
  • Year Built Description: Approximate
  • County Name: Morris
  • Street Number Display: 24
  • Directions: 202 to Cory Rd, make right on Cottage, House on the right
  • I D: 5065065
  • Modified: 2022-06-10
  • Number Images: 1
  • First Name: RONALD
  • First Name3: JASON
  • Last Name: FROST
  • Last Name3: OLMO
  • Office Phone: 973-455-1900
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Laminate, Tile, Vinyl-Linoleum, Wood
  • Fireplace Description: Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, StallTub, Walk-In Closet
  • Number Rooms: 7
  • Bedrooms: 2
  • Master Bedroom Desc: 1st Floor, Walk-In Closet
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Den Level: First
  • Kitchen Area: Eat-In Kitchen, Pantry
  • Kitchen Dim: 17x11
  • Kitchen Level: First
  • Living Room Dim: 14x12
  • Living Room Level: First
  • Other Room 1: Florida/3Season
  • Level 1 Rooms: 2 Bedrooms, Bath Main, Den, Dining Room, Florida/3Season, Kitchen, Laundry Room, Living Room
  • Level 2 Rooms: Attic
  • Estimated Sq Ft: 1311
  • Phone: 973-539-1120

Exterior Features

  • Exterior Description: Aluminum Siding
  • Exterior Features: Enclosed Porch(es), Storage Shed
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 2
  • Parking Driveway Description: 1 Car Width, On-Street Parking

Utilities

  • Cooling: Wall A/C Unit(s)
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Hotwater
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • 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: 60X103
  • Assessed Improvement Value: 79800
  • Assessed Land Value: 132200
  • Assessment: 212000
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 50
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.14

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6111
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2324-00403-0000-00050-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.883
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: Alfredvail

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2021
Closed on
Jun 2, 2021
Sold by
Keyes Robert E and Keyes Samantha
Bought by
Olmo Jason and Olmo Hannah
Seller's Agent
Ronald Frost
RE/MAX HOUSE VALUES
Buyer's Agent
Jason Olmo
REDFIN CORPORATION
List Price
$284,900
Sold Price
$300,000
Premium/Discount to List
$15,100
5.3%
Current Estimated Value
$532,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,719
Avg. Annual Appreciation
14.93%
Original Mortgage
$349,239
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 28, 2013
Closed on
Feb 12, 2013
Sold by
Federal National Mortgage Association
Bought by
Keyes Robert E
Buyer's Agent
DOUGLAS BILLEK
KELLER WILLIAMS METROPOLITAN
Sold Price
$186,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%
Original Mortgage
$176,937
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2012
Sold by
Gregory Michael B
Bought by
Federal Natioanl Mortgage Assn

Purchase Details

Closed on
Aug 26, 2006
Sold by
Wilson Winston
Bought by
Gregory Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,500
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 1996
Sold by
Ingram Dorothy
Bought by
Wilson Winston L and Wilson Theresa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,258
Interest Rate
8.08%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Olmo Jason $300,000 Westcor Land Title Ins Co
Keyes Robert E $186,520 Fidelity National Title Ins
Federal Natioanl Mortgage Assn -- None Available
Gregory Michael $330,000 --
Wilson Winston L $146,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olmo Jason $349,239
Previous Owner Keyes Robert E $176,937
Previous Owner Gregory Michael $313,500
Previous Owner Wilson Theresa L $190,000
Previous Owner Wilson Winston L $141,258
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2021 06/09/21 Sold $300,000 +5.3% $229 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
04/25/2021 04/25/21 For Sale $284,900 +52.7% $217 / Sq Ft
02/28/2013 02/28/13 Sold $186,520 -- $142 / 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 $6,161 $421,900 $214,200 $207,700
2023 $6,161 $212,000 $132,200 $79,800
2022 $6,089 $212,000 $132,200 $79,800
2021 $6,089 $212,000 $132,200 $79,800
2020 $6,112 $212,000 $132,200 $79,800
2019 $6,110 $212,000 $132,200 $79,800
2018 $6,031 $212,000 $132,200 $79,800
2017 $5,851 $212,000 $132,200 $79,800
2016 $5,701 $212,000 $132,200 $79,800
2015 $5,565 $212,000 $132,200 $79,800
2014 $5,504 $212,000 $132,200 $79,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3706662

Garden State MLS

APN: 24-00403-0000-00050