$865,000
SOLD JUN 2, 2025

40 Park Place Mountain Lakes, NJ 07046

3 Beds
3 Baths
2,162 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$400 Per Sq Ft

8% Above List Price

9 Days on Market

About This Home

As of June 2025

This home is located at 40 Park Place, Mountain Lakes, NJ 07046 and is currently priced at $865,000, approximately $400 per square foot. 40 Park Place is a home located in Morris County with nearby schools including Wildwood Elementary School, Briarcliff Middle School, and Mountain Lakes High School.

Last Agent to Sell the Property

Mary Menard

COMPASS NEW JERSEY, LLC Brokerage Phone: 973-315-8180 Listed on: 02/25/2025

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

DANIELLE SHARRET

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,931

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,931

Lot Details

0

Listing Details

  • County Name: Morris
  • Street Number Display: 40
  • I D: 5340061
  • Modified: 2025-06-03
  • Number Images: 0
  • Attribution Contact: 973-315-8180
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2025
Closed on
May 23, 2025
Sold by
Pandya Himanshu Sharadchandra and Pandya Tejasvi
Bought by
Beltran Joshua and Beltran Alexandra
Seller's Agent
Mary Menard
COMPASS NEW JERSEY, LLC
Buyer's Agent
DANIELLE SHARRET
COLDWELL BANKER REALTY
List Price
$799,000
Sold Price
$865,000
Premium/Discount to List
$66,000
8.26%
Views
40
Current Estimated Value
$860,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,422
Avg. Annual Appreciation
-1.75%
Original Mortgage
$778,500
Outstanding Balance
$776,509
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$84,069

Purchase Details

Listed on
Mar 7, 2016
Closed on
Jun 24, 2016
Sold by
Harnrock Properties Mountain Lakes
Bought by
Pandya Himanshu Sharadchandra and Pandya Tejasvi Shah
Seller's Agent
JOHN D. SIMS
BUILDER MARKETING SERVICE
Buyer's Agent
APRIL HARTMANN
KELLER WILLIAMS CITY VIEWS REALTY
List Price
$638,000
Sold Price
$638,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.48%
Original Mortgage
$510,400
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2016
Sold by
Snyder Arthur and Snyder Jacquelyn D
Bought by
Snow Steven C
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Bargain Sale Deed $865,000 Old Republic National Title
Bargain Sale Deed $865,000 Old Republic National Title
Deed $638,000 Westcor Land Title Ins Co
Deed $1,205,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $778,500 New Conventional
Closed $778,500 New Conventional
Previous Owner $510,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Sold $865,000 +8.3% $400 / Sq Ft
03/10/2025 03/10/25 Pending -- -- --
03/01/2025 03/01/25 For Sale $799,000 +25.2% $370 / Sq Ft
07/13/2016 07/13/16 Sold $638,000 0.0% $295 / Sq Ft
03/11/2016 03/11/16 Pending -- -- --
03/07/2016 03/07/16 For Sale $638,000 -- $295 / 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 $16,931 $767,500 $300,000 $467,500
2024 $16,872 $709,000 $275,000 $434,000
2023 $16,872 $667,400 $257,500 $409,900
2022 $16,247 $609,700 $245,000 $364,700
2021 $16,247 $579,000 $225,000 $354,000
2020 $15,966 $569,800 $200,000 $369,800
2019 $15,413 $569,800 $200,000 $369,800
2018 $14,974 $569,800 $200,000 $369,800
2017 $14,655 $569,800 $200,000 $369,800
2016 $5,054 $200,000 $200,000 $0
2015 $4,936 $200,000 $200,000 $0
2014 $4,844 $200,000 $200,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Mary Menard

    Seller's Agent in 2025

    Mary Menard

    COMPASS NEW JERSEY, LLC

    (973) 879-2860

    107 in this area

    159 Total Sales

    Mary Menard
    Section Image

  • D

    Buyer's Agent in 2025

    DANIELLE SHARRET

    COLDWELL BANKER REALTY

  • J

    Seller's Agent in 2016

    JOHN D. SIMS

    BUILDER MARKETING SERVICE

  • A

    Buyer's Agent in 2016

    APRIL HARTMANN

    KELLER WILLIAMS CITY VIEWS REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3947556

Garden State MLS

APN: 25-00088-0000-00018-47

New Jersey Morris County Mountain Lakes 07046

40 Park Place, Mountain Lakes, NJ

This home is located at 40 Park Place, Mountain Lakes, NJ 07046 and is currently priced at $865,000, approximately $400 per square foot. 40 Park Place is a home located in Morris County with nearby schools including Wildwood Elementary School, Briarcliff Middle School, and Mountain Lakes High School.

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