NOT LISTED FOR SALE

40 Park Ave Unit 601 Morristown, NJ 07960

Estimated Value: $1,367,000 - $1,653,000

-- Bed
3 Baths
1,963 Sq Ft
$745/Sq Ft Est. Value

About This Home

This home is located at 40 Park Ave Unit 601, Morristown, NJ 07960 and is currently estimated at $1,462,041, approximately $744 per square foot. 40 Park Ave Unit 601 is a home located in Morris County with nearby schools including Alfred Vail School, Hillcrest School, and Thomas Jefferson School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2022
Sold by
Mark Schiffer
Bought by
Oweis Luma
Current Estimated Value
$1,462,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2021
Sold by
Kern Brian
Bought by
Schiffer Mark

Purchase Details

Closed on
Aug 1, 2012
Sold by
40 Parl Llc
Bought by
Lin Fu Mei and Lin Annie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Oweis Luma $1,180,000 Dollinger Jeffrey D
Schiffer Mark $1,430,000 Legends Title Llc
Lin Fu Mei $1,150,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oweis Luma $610,000
Previous Owner Lin Fu Mei $575,000
Source: Public Records

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 $30,513 $1,200,800 $525,000 $675,800
2023 $30,513 $1,050,000 $790,000 $260,000
2022 $30,156 $1,050,000 $790,000 $260,000
2021 $30,156 $1,050,000 $790,000 $260,000
2020 $30,272 $1,050,000 $790,000 $260,000
2019 $30,261 $1,050,000 $790,000 $260,000
2018 $29,873 $1,050,000 $790,000 $260,000
2017 $30,807 $1,116,200 $790,000 $326,200
2016 $30,015 $1,116,200 $790,000 $326,200
2015 $29,300 $1,116,200 $790,000 $326,200
2014 $28,977 $790,000 $790,000 $0
Source: Public Records

Map

New Jersey Morris County Morristown 07960

40 Park Ave Unit 601, Morristown, NJ

This home is located at 40 Park Ave Unit 601, Morristown, NJ 07960 and is currently estimated at $1,462,041, approximately $744 per square foot. 40 Park Ave Unit 601 is a home located in Morris County with nearby schools including Alfred Vail School, Hillcrest School, and Thomas Jefferson School.

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