NOT LISTED FOR SALE

40 E Main St Morristown, NJ 07960

Estimated Value: $1,796,000 - $2,421,225

4 Beds
4 Baths
4,213 Sq Ft
$510/Sq Ft Est. Value

Last Sold July 25, 2023

Last sale price $2,325,000 $552 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $14,053/month

19 Days on Market

About This Home

As of July 2023

This home is located at 40 E Main St, Morristown, NJ 07960 since 10 May 2023 and is currently estimated at $2,148,075, approximately $509 per square foot. 40 E Main St is a home located in Morris County with nearby schools including Mendham Township Elementary School, Mendham Township Middle School, and West Morris Mendham High School.

Last Agent to Sell the Property

Jenna Davie

TURPIN REAL ESTATE, INC. Brokerage Phone: 908-867-2050 Listed on: 05/10/2023

Last Buyer's Agent

MARA NYDAM

TURPIN REAL ESTATE, INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,503

Lot Details

  • 1.92 Acre Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,503

Lot Details

0

Listing Details

  • County Name: Morris
  • I D: 5219827
  • Attribution Contact: 908-867-2050
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 3.10

Lot Info

  • Lot Size: 1.920 AC
  • Total Acres: 1.92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2023
Closed on
Jul 24, 2023
Sold by
Wood Matthew S and Wood Renee A
Bought by
Nydam Frank and Nydam Mara
Seller's Agent
Jenna Davie
TURPIN REAL ESTATE, INC.
Buyer's Agent
MARA NYDAM
TURPIN REAL ESTATE, INC.
List Price
$2,275,000
Sold Price
$2,325,000
Premium/Discount to List
$50,000
2.2%
Current Estimated Value
$2,148,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$176,925
Avg. Annual Appreciation
-3.33%
Original Mortgage
$726,300
Outstanding Balance
$703,931
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$1,444,144

Purchase Details

Listed on
May 11, 2017
Closed on
Oct 12, 2017
Sold by
Dimartino Joseph S and Dimartino Linda J
Bought by
Wood Matthew S and Wood Renee A
Seller's Agent
JANE MACNEIL
TURPIN REAL ESTATE, INC.
Buyer's Agent
SUSAN EAGAN
COLDWELL BANKER REALTY
List Price
$1,700,000
Sold Price
$1,625,000
Premium/Discount to List
-$75,000
-4.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.38%
Original Mortgage
$1,300,000
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 2003
Sold by
Vogt John
Bought by
Dimartino Joe and Dimartino Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.35%

Purchase Details

Closed on
Mar 20, 1995
Sold by
Burkland Gerlyn
Bought by
Vogt John and Cogt Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
8.8%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nydam Frank $2,325,000 None Listed On Document
Wood Matthew S $1,625,000 Crostes & Hay Title Agenyc I
Dimartino Joe $1,450,000 --
Vogt John $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nydam Frank $726,300
Previous Owner Wood Matthew S $1,300,000
Previous Owner Dimartino Joe $1,100,000
Previous Owner Vogt John $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2023 07/25/23 Sold $2,325,000 +2.2% $552 / Sq Ft
05/29/2023 05/29/23 Pending -- -- --
05/10/2023 05/10/23 For Sale $2,275,000 +40.0% $540 / Sq Ft
10/12/2017 10/12/17 Sold $1,625,000 -4.4% $386 / Sq Ft View Prior Sale
06/15/2017 06/15/17 Pending -- -- --
05/11/2017 05/11/17 For Sale $1,700,000 -- $404 / 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 $32,503 $1,806,100 $548,700 $1,257,400
2024 $27,161 $1,673,700 $478,000 $1,195,700
2023 $27,161 $1,300,200 $410,800 $889,400
2022 $23,458 $1,266,200 $403,500 $862,700
2021 $23,458 $1,060,000 $346,000 $714,000
2020 $23,309 $1,060,000 $346,000 $714,000
2019 $22,875 $1,060,000 $346,000 $714,000
2018 $22,440 $1,060,000 $346,000 $714,000
2017 $21,921 $1,060,000 $346,000 $714,000
2016 $21,889 $1,060,000 $346,000 $714,000
2015 $21,486 $1,060,000 $346,000 $714,000
2014 $20,999 $1,060,000 $346,000 $714,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3860866

Garden State MLS

APN: 19-00127-0000-00177