NOT LISTED FOR SALE

241 Martin Luther King Ave Morristown, NJ 07960

Estimated Value: $685,000 - $935,082

4 Beds
5 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold August 03, 2020

Last sale price $655,000

Est. 24% increase in value since last sale

Current estimated payment $5,340/month

13 Days on Market

About This Home

As of August 2020

This home is located at 241 Martin Luther King Ave, Morristown, NJ 07960 since 11 June 2020 and is currently estimated at $810,271. This property was built in 2020. 241 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

Jacqueline Rossi-Greene

COLDWELL BANKER REALTY Brokerage Phone: 973-539-1120 Listed on: 06/11/2020

COLDWELL BANKER REALTY

Last Buyer's Agent

Patricia Lopez

KL SOTHEBY'S INT'L. REALTY

KL SOTHEBY'S INT'L. REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,193

Year Built

  • Built in 2020

Lot Details

  • 7,405 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,193

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Year Built: 2020
  • County Name: Morris
  • Street Number Display: 241
  • I D: 4987555
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 973-539-1120
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: .172 AC
  • Total Acres: 0.17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Jul 31, 2020
Sold by
122 Mt Kemble Llc
Bought by
Carli Melodie
Seller's Agent
Jacqueline Rossi-Greene
COLDWELL BANKER REALTY
Buyer's Agent
Patricia Lopez
KL SOTHEBY'S INT'L. REALTY
List Price
$695,000
Sold Price
$655,000
Premium/Discount to List
-$40,000
-5.76%
Current Estimated Value
$810,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,271
Avg. Annual Appreciation
4.29%
Original Mortgage
$643,136
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Listed on
May 10, 2017
Closed on
Dec 21, 2017
Sold by
241 Mlk Limited Liability Company
Bought by
122 Mt Kemble Llc
Seller's Agent
KATHRYN MASTERS
KELLER WILLIAMS METROPOLITAN
Buyer's Agent
KATHRYN MASTERS
KELLER WILLIAMS METROPOLITAN
List Price
$145,000
Sold Price
$145,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
78.60%

Purchase Details

Closed on
Feb 6, 2014
Sold by
Cooke Jonathan F
Bought by
241 Mlk Llc

Purchase Details

Closed on
Sep 9, 1993
Sold by
G B R Holdings Co
Bought by
Cooke Jonathan
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
Carli Melodie $655,000 Land Quest Title Llc
122 Mt Kemble Llc $146,000 Chicago Title Ins Co
241 Mlk Llc -- Foundation Title Llc
Cooke Jonathan $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carli Melodie $642,260
Closed Carli Melodie $643,136
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2020 08/03/20 Sold $655,000 -5.8% --
06/24/2020 06/24/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $695,000 +379.3% --
12/27/2017 12/27/17 Sold $145,000 0.0% --
11/07/2017 11/07/17 Pending -- -- --
05/10/2017 05/10/17 For Sale $145,000 -- --
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 $11,193 $559,100 $93,800 $465,300
2024 $11,210 $559,100 $93,800 $465,300
2023 $11,210 $559,100 $93,800 $465,300
2022 $10,690 $559,100 $93,800 $465,300
2021 $10,690 $559,100 $93,800 $465,300
2020 $1,888 $101,400 $84,400 $17,000
2019 $1,859 $101,400 $84,400 $17,000
2018 $1,838 $101,400 $84,400 $17,000
2017 $1,826 $101,400 $84,400 $17,000
2016 $1,798 $101,400 $84,400 $17,000
2015 $1,922 $75,800 $61,700 $14,100
2014 $1,897 $75,800 $61,700 $14,100
Source: Public Records

Agents Affiliated with this Home

  • Jacqueline Rossi-Greene

    Seller's Agent in 2020

    Jacqueline Rossi-Greene

    COLDWELL BANKER REALTY

    (732) 887-8538

    9 in this area

    58 Total Sales

    Jacqueline Rossi-Greene
    Section Image
  • Patricia Lopez

    Buyer's Agent in 2020

    Patricia Lopez

    KL SOTHEBY'S INT'L. REALTY

    (973) 476-2236

    29 in this area

    81 Total Sales

    Patricia Lopez
    Section Image

  • K

    Seller's Agent in 2017

    KATHRYN MASTERS

    KELLER WILLIAMS METROPOLITAN

See All Agents

Map

Source: Garden State MLS

MLS Number: 3639446

Garden State MLS

APN: 22-10308-0000-00013

New Jersey Morris County Morristown 07960

241 Martin Luther King Ave, Morristown, NJ

This home is located at 241 Martin Luther King Ave, Morristown, NJ 07960 since 11 June 2020 and is currently estimated at $810,271. This property was built in 2020. 241 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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