NOT LISTED FOR SALE

31 Park Ln Madison, NJ 07940

Estimated Value: $1,571,000 - $2,323,000

5 Beds
3.5 Baths
2,949 Sq Ft
$693/Sq Ft Est. Value

Last Sold March 14, 2018

Last sale price $1,175,000 $398 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $13,545/month

137 Days on Market

Highlights

  • 0.59 Acre Lot
  • Deck
  • Ranch Style House
  • Kings Road School Rated A
  • Family Room with Fireplace
  • 3-minute walk to Niles Park

About This Home

As of March 2018

Beautiful expanded ranch spectacularly renovated and ideally located on .59 acres of level property situated on a cul de sac on very desirable and private street in the "Hill" section of Madison. The stunning gourmet eat-in kitchen features new SS appliances & terrific natural light from a high cathedral ceiling & skylight. Breakfast room with 3 windows providing tremendous natural light & butler's pantry. Two steps down to a gorgeous family room with raised wood-burning fireplace with brick mantel & surround. 4 bedrooms on the 1st level with a master suite with spa-like master bath with shower over jetted tub. The 5th bedroom is on the ground floor with a bath, great room w/ new carpet & office. Total walkout lower level. New hardwood floors & great natural light throughout! Minutes from Mid-Town Direct.

Last Agent to Sell the Property

ARLENE GORMAN GONNELLA

WEICHERT REALTORS Listed on: 08/28/2017

Last Buyer's Agent

Gregory Asch

RE/MAX ACHIEVERS

RE/MAX ACHIEVERS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,285

Year Built

  • Built in 1961

Lot Details

  • 0.59 Acre Lot
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Garage
  • Oversized Parking
  • Garage Door Opener
  • Additional Parking

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Vinyl Siding
  • Tile

Interior Spaces

  • Wet Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Great Room
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Recreation Room with Fireplace
  • Storage Room
  • Utility Room
  • Attic
  • Partially Finished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Powder Room
  • In-Law or Guest Suite
  • Jetted Tub in Primary Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer

Home Security

  • Storm Windows
  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio

Schools

  • Kingsroad Elementary School
  • Madison Jr Middle School
  • Madison High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Standard Electricity
  • Gas Water Heater
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 2317-04601-0000-00007-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,285

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Style: Expanded Ranch
  • Primary Style: Expanded Ranch
  • Subproperty Type: Single Family
  • Year Built: 1961
  • Year Built Description: Approximate
  • County Name: Morris
  • Exclusions: See Listing Agent
  • Street Number Display: 31
  • Directions: Woodland to Garfield, left on ark Ln
  • I D: 4739363
  • Modified: 2021-09-23
  • Number Images: 25
  • Section Subdiv Development: Hills
  • First Name: ARLENE GORMAN
  • First Name3: GREGORY
  • Last Name: GONNELLA
  • Last Name3: ASCH
  • Office Phone: 973-376-4545
  • Office Phone3: 908-522-9444
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Stone, Tile, Wood
  • Fireplace Description: Gas Fireplace, Rec Room, Family Room, Living Room, Wood Burning
  • Number of Fireplaces: 3
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Water Softener-Own, Kitchen Exhaust Fan, Microwave Oven
  • Interior Amenities: Cedar Closets, Bar-Wet, Fire Alarm Sys, Security System, High Ceilings, Cathedral Ceiling, Smoke Detector
  • Number Rooms: 12
  • Bedrooms: 5
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Level: First
  • Primary Bathroom Features: Jetted Tub, Tub Shower
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, Full Bath
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 14x12
  • Kitchen Level: First
  • Living Room Dim: 22x15
  • Living Room Level: First
  • Other Room 1: Breakfast
  • Other Room1 Dim: 15x13
  • Other Room1 Level: First
  • Other Room 2: Bedroom
  • Other Room2 Dim: 12x11
  • Other Room2 Level: Ground
  • Other Room 3: Office
  • Other Room3 Dim: 14x14
  • Other Room3 Level: Ground
  • Other Room 4: Rec Room
  • Other Room4 Dim: 46x14
  • Other Room4 Level: Ground
  • Level 1 Rooms: Breakfast Room, Laundry Room, Foyer, 4 Or More Bedrooms, Living Room, Pantry, Dining Room, Bath Main, Powder Room, Bath(s) Other, Family Room, Kitchen
  • Level 2 Rooms: Attic
  • Ground Level Rooms: 1 Bedroom, Utility Room, Office, Walkout, Great Room, Storage Room, Bath(s) Other
  • Phone: 973-376-4545

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: Underground Lawn Sprinkler, Patio, Storm Door(s), Storm Window(s), Deck
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Oversize Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: Additional Parking, Blacktop

Utilities

  • Cooling: Multi-Zone Cooling, Ceiling Fan, Central Air
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Hotwater, Multi-Zone
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: KingsRoad
  • Middle School: Madison Jr
  • High School: Madison
  • High School: Madison
  • Middle Jr High School: Madison Jr

Lot Info

  • Lot Size: 25691SF
  • Assessed Improvement Value: 606700
  • Assessed Land Value: 688500
  • Assessment: 1295200
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 7
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.59
  • Zoning: Res

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 24285
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2317-04601-0000-00007-0000-
  • Tax Rate Amount: 1.875
  • Tax Rate Tax: *
  • Tax Rate Year: 2016
  • Tax Year Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: KingsRoad

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2017
Closed on
Mar 13, 2018
Sold by
Batlaw Anish and Batlaw Mona
Bought by
Asch Nolan E and The Mary Ellen T Asch 2013 Fam
Seller's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
Buyer's Agent
Gregory Asch
RE/MAX ACHIEVERS
List Price
$1,275,000
Sold Price
$1,175,000
Premium/Discount to List
-$100,000
-7.84%
Current Estimated Value
$2,119,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$944,263
Avg. Annual Appreciation
7.65%

Purchase Details

Closed on
Jan 19, 2006
Sold by
Provost Patrick
Bought by
Batlaw Anish and Batlaw Mona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,085,000
Interest Rate
6.27%

Purchase Details

Closed on
Jan 30, 2004
Sold by
Bocchino Theresa
Bought by
Prevost Patrick and Prevost Ute

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
5.8%

Purchase Details

Closed on
Jun 14, 2001
Sold by
Papadimitriou Maria
Bought by
Bocchico Theresa

Purchase Details

Closed on
Sep 15, 2000
Sold by
Roiter James William
Bought by
Papadimitriou Angelos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8%
Mortgage Type
Unknown

Purchase Details

Closed on
May 23, 1997
Sold by
Fairbrother Robert B and Fairbrother Bonnie M
Bought by
Roiter James William

Purchase Details

Closed on
Nov 17, 1994
Sold by
Kappel Stephen
Bought by
Fairbrother Robert and Fairbrother Bonnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,000
Interest Rate
9%
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
Asch Nolan E $1,175,000 Westcor Land Title Ins Co
Batlaw Anish $1,550,000 --
Prevost Patrick $1,280,000 --
Bocchico Theresa $1,180,000 --
Bocchico Theresa $1,180,000 --
Papadimitriou Angelos $1,150,000 --
Roiter James William $754,900 --
Fairbrother Robert $470,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Batlaw Anish $1,039,500
Previous Owner Batlaw Anish $1,070,000
Previous Owner Batlaw Anish $1,085,000
Previous Owner Prevost Patrick $89,600
Previous Owner Papadimitriou Angelos $100,000
Previous Owner Papadimitriou Angelos $920,000
Previous Owner Fairbrother Robert $423,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2018 03/14/18 Sold $1,175,000 -7.8% $398 / Sq Ft
01/12/2018 01/12/18 Pending -- -- --
08/28/2017 08/28/17 For Sale $1,275,000 -- $432 / 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 $23,963 $1,163,800 $688,500 $475,300
2023 $23,963 $1,163,800 $688,500 $475,300
2022 $23,579 $1,163,800 $688,500 $475,300
2021 $23,579 $1,163,800 $688,500 $475,300
2020 $23,334 $1,163,800 $688,500 $475,300
2019 $25,554 $1,295,200 $688,500 $606,700
2018 $24,907 $1,295,200 $688,500 $606,700
2017 $24,712 $1,295,200 $688,500 $606,700
2016 $24,285 $1,295,200 $688,500 $606,700
2015 $23,832 $1,295,200 $688,500 $606,700
2014 $23,029 $1,295,200 $688,500 $606,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3414445

Garden State MLS

APN: 17-04601-0000-00007