NOT LISTED FOR SALE

255 Lake Shore Dr Parsippany, NJ 07054

Estimated Value: $626,227 - $765,000

5 Beds
2 Baths
2,084 Sq Ft
$324/Sq Ft Est. Value

Last Sold September 21, 2020

Last sale price $440,000 $211 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,451/month

271 Days on Market

Highlights

  • Lake View
  • Lake Privileges
  • Clubhouse
  • Eastlake Elementary School Rated A-
  • Cape Cod Architecture
  • Recreation Room

About This Home

As of September 2020

Back on Market! Buyer could not get mortgage. Location, Location, Location! The perfect spot in Lake Parsippany. 2 blocks from lake access for boat launching and boat storage and .3 miles from Drewes Beach. Lake views from the home. Hardwood floors are throughout the first and second floor and all bedrooms have hardwood floors. Several of the bedrooms have walk in closets. There are 5 bedroom with a bedroom and full bath located on the first floor. The living room is ample and opens up to a beautiful sun room. The eat in kitchen features all appliances and a big pantry. The basement has a finished rec room and lots of storage. All this and newer water heater, boiler, garage, central air, and gas heat and cooking. Electric recently updated along with brand new 200 amp service.

Last Agent to Sell the Property

IAN A. WOLF

KELLER WILLIAMS METROPOLITAN Listed on: 11/21/2019

Co-Listed By

SIMA WOLF

KELLER WILLIAMS METROPOLITAN

Last Buyer's Agent

SHYAMAL MAKADIYA

EXP REALTY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,782

Year Built

  • Built in 1950

Lot Details

  • 9,583 Sq Ft Lot
  • Privacy Fence
  • Corner Lot
  • Property is zoned R-4

HOA Fees

  • $26 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Aluminum Siding
  • Tile

Interior Spaces

  • Thermal Windows
  • Mud Room
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Sun or Florida Room
  • Storage Room
  • Utility Room
  • Lake Views
  • Partially Finished Basement
  • Front Basement Entry

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Lake Privileges

Schools

  • Eastlake Elementary School
  • Brooklawn Middle School
  • Par-Hills High School

Utilities

  • Central Air
  • One Cooling System Mounted To A Wall/Window
  • Radiator
  • Gas Water Heater

Community Details

  • Clubhouse

Listing and Financial Details

  • Assessor Parcel Number 2329-00380-0000-00020-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,782

Year Built

Built in 1950

Lot Details

0

HOA Fees

$26 per month

Parking

1

Listing Details

  • Style: Cape Cod
  • Primary Style: Cape Cod
  • Subproperty Type: Single Family
  • Community Living: Yes
  • Year Built: 1950
  • Year Built Description: Approximate
  • County Name: Morris
  • Directions: Allentown to Marmora to Lake Shore. On corner of Lake Shore and Marmora
  • I D: 4946655
  • Section Subdiv Development: Lake Parsippany
  • First Name: IAN A.
  • First Name2: SIMA
  • First Name3: SHYAMAL
  • Last Name: WOLF
  • Last Name2: WOLF
  • Last Name3: MAKADIYA
  • Office Phone: 973-867-1159
  • Office Phone2: 270235
  • Office Phone3: 866-201-6210
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, TubShowr, Walk-In Closet
  • Bedrooms: 5
  • Master Bedroom Desc: 1st Floor
  • Bedroom 1 Level: First
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Basement Level Rooms: Laundry Room, Rec Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: Basement
  • Kitchen Area: Eat-In Kitchen, Pantry
  • Kitchen Dim: 14x13
  • Kitchen Level: First
  • Living Room Dim: 20x17
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 13x11
  • Other Room1 Level: Second
  • Level 1 Rooms: 1 Bedroom, Bath(s) Other, Dining Room, Entrance Vestibule, Kitchen, Living Room, MudRoom, Sunroom
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main
  • Phone: 973-539-1120

Exterior Features

  • Exterior Description: Aluminum Siding, Brick
  • Exterior Features: Privacy Fence, Thermal Windows/Doors
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 8
  • Parking Driveway Description: 2 Car Width, Blacktop

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Radiators - Hot Water
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Club House, Lake Privileges
  • Association Maintenance Fee: 315
  • Association Maintenance Fee Frequency: Annually

Schools

  • High School: Par-Hills
  • Middle Jr High School: BrookLawn

Lot Info

  • Lot Size: .220 AC
  • Easement: Unknown
  • Lot Description: Corner, Lake/Water View
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.22
  • Zoning: R-4

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 8782
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2329-00380-0000-00020-0000-
  • Tax Rate Amount: 2.883
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: EastLake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2019
Closed on
Sep 21, 2020
Sold by
Petrosino Gloria and Petrosino Income Only Trust
Bought by
Vadera Vandit H
Seller's Agent
IAN A. WOLF
KELLER WILLIAMS METROPOLITAN
Buyer's Agent
SHYAMAL MAKADIYA
EXP REALTY, LLC
List Price
$449,900
Sold Price
$440,000
Premium/Discount to List
-$9,900
-2.2%
Current Estimated Value
$675,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,057
Avg. Annual Appreciation
8.56%
Original Mortgage
$374,000
Outstanding Balance
$330,521
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$344,536

Purchase Details

Closed on
Mar 26, 2014
Sold by
Petrosino Gloria
Bought by
Petrosino Income Only Trust and Petrosino Wilson Sharon Lynn

Purchase Details

Closed on
Jan 7, 1997
Sold by
Petrosino Gloria
Bought by
Petrosino Gloria
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vadera Vandit H $440,000 None Listed On Document
Petrosino Income Only Trust -- None Available
Petrosino Gloria -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vadera Vandit H $374,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2020 09/21/20 Sold $440,000 -2.2% $211 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
08/07/2020 08/07/20 Price Changed $449,900 0.0% $216 / Sq Ft
08/07/2020 08/07/20 For Sale $449,900 -5.3% $216 / Sq Ft
06/22/2020 06/22/20 Pending -- -- --
11/21/2019 11/21/19 For Sale $474,900 -- $228 / 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 $10,621 $306,700 $138,700 $168,000
2024 $10,419 $306,700 $138,700 $168,000
2023 $10,419 $306,700 $138,700 $168,000
2022 $9,719 $306,700 $138,700 $168,000
2021 $9,719 $306,700 $138,700 $168,000
2020 $9,489 $306,700 $138,700 $168,000
2019 $9,235 $306,700 $138,700 $168,000
2018 $9,032 $306,700 $138,700 $168,000
2017 $8,830 $306,700 $138,700 $168,000
2016 $8,677 $306,700 $138,700 $168,000
2015 $8,197 $306,700 $138,700 $168,000
2014 $8,086 $306,700 $138,700 $168,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3602303

Garden State MLS

APN: 29-00380-0000-00020