NOT LISTED FOR SALE

31 Sussex Ave Unit 3 Morristown, NJ 07960

Estimated Value: $526,000 - $549,833

3 Beds
2 Baths
-- Sq Ft
$339/mo HOA Fee

Last Sold September 10, 2021

Last sale price $380,000

Est. 41% increase in value since last sale

Current estimated payment $3,718/month

24 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Hillcrest School Rated A-

About This Home

As of September 2021

Excellent location- this 3 Bedroom 2 Full Bath Unit is turn-key and ready for its next owner. Sun Filled Living Room with Gleaming Hardwood Floors that follow into the spacious dining room. Eat-In Kitchen. Neutral Carpets in the 3 Bedrooms. Master Bedroom features 2 Walk-In Closets and direct access to the Jack and Jill bathroom that is connected to the second bedroom. Attic Access. This unit also comes with storage space in the basement and a washer/dryer. Two Off-Street Parking Spots included! Conveniently located to major routes and the heart of Morristown. Don't pass up this great opportunity!

Last Agent to Sell the Property

Alexis Siciliano

RE/MAX Gateway License #1430865 Listed on: 07/16/2021

RE/MAX Gateway

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,217

Lot Details

  • 436

HOA Fees

  • $339 Monthly HOA Fees

Home Design

  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Light Fixtures
  • Blinds
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Assigned Parking

Location

  • Upper Level

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Vail Mansion Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-05101-0000-00009-03

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,217

Lot Details

0

HOA Fees

$339 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Reso Association Amenities: Association
  • Inclusions: Washer, Blinds/Shades, Dishwasher, Dryer, Light Fixtures, Stove, Refrigerator
  • Subdivision Name: Vail Mansion
  • Architectural Style: Upper Level
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Assigned Parking: Yes
  • General Property Info # Parking Spaces2: 2.0
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • Ownership Type Condominium: Yes
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.01
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Included BlindsShades: Yes
  • Included Light Fixtures: Yes
  • Kitchen Eat-In: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 1
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Basement:Unfinished: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.01
  • Waterfront: No
  • Exclusions: Personal property
  • Exterior Features: Other

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Assigned
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: No
  • Parking:Assigned: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Fee: 1015.64
  • Association Fee Frequency: Quarterly
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 435.6
  • Parcel #: 24-05101-0000-00009-03

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 8217.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Sep 10, 2021
Sold by
Henry Ryan
Bought by
Cheng Jacqueline
Seller's Agent
Alexis Siciliano
RE/MAX Gateway
Buyer's Agent
NON MEMBER
VRI Homes
List Price
$399,000
Sold Price
$380,000
Premium/Discount to List
-$19,000
-4.76%
Current Estimated Value
$535,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,458
Avg. Annual Appreciation
8.66%
Original Mortgage
$302,200
Outstanding Balance
$274,980
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$260,478

Purchase Details

Listed on
May 3, 2019
Closed on
Dec 9, 2019
Sold by
Mcnamara George H
Bought by
Henry Ryan
Seller's Agent
WILLIAM DOTTERWEICH
CENTRAL PROPERTY ASSOCIATES INC
Buyer's Agent
Katherine Adcock
WEICHERT REALTORS CORP HQ
List Price
$360,000
Sold Price
$340,000
Premium/Discount to List
-$20,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%
Original Mortgage
$323,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2005
Sold by
Sciortino Development Llc
Bought by
Mcnamara George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2005
Sold by
Sciortino Development Llc
Bought by
Lyons Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2000
Sold by
Mehtani Sneh
Bought by
Sciortino Development Llc

Purchase Details

Closed on
Aug 27, 1999
Sold by
Arnold Marvin Bruce
Bought by
Mehtani Sneh
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
Cheng Jacqueline $380,000 Title Llc
Cheng Jacqueline $380,000 Otoole Darren
Henry Ryan $340,000 Fidelity National Ttl Ins Co
Mcnamara George $400,000 --
Lyons Brian $329,900 --
Sciortino Development Llc $47,500 Lawyers Title Insurance Co
Mehtani Sneh $135,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Jacqueline $302,200
Closed Cheng Jacqueline $302,200
Previous Owner Henry Ryan $323,000
Previous Owner Mcnamara George $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/10/2021 09/10/21 Sold $380,000 -2.3% --
08/04/2021 08/04/21 Price Changed $389,000 -2.5% --
07/16/2021 07/16/21 For Sale $399,000 +17.4% --
12/13/2019 12/13/19 Sold $340,000 -2.9% -- View Prior Sale
11/08/2019 11/08/19 Pending -- -- --
10/22/2019 10/22/19 Price Changed $350,000 -2.8% --
08/19/2019 08/19/19 For Sale $360,000 0.0% --
05/31/2019 05/31/19 Pending -- -- --
05/03/2019 05/03/19 For Sale $360,000 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $6,921 $439,400 $162,000 $277,400
2024 $8,282 $439,400 $162,000 $277,400
2023 $8,282 $285,000 $100,000 $185,000
2022 $8,185 $285,000 $100,000 $185,000
2021 $8,185 $285,000 $100,000 $185,000
2020 $8,217 $285,000 $100,000 $185,000
2019 $8,214 $285,000 $100,000 $185,000
2018 $8,108 $285,000 $100,000 $185,000
2017 $7,866 $285,000 $100,000 $185,000
2016 $7,664 $285,000 $100,000 $185,000
2015 $7,481 $285,000 $100,000 $185,000
2014 $7,399 $285,000 $100,000 $185,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22123316

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 24-05101-0000-00009-03