$1,200,000
SOLD APR 24, 2019

40 W Park Place Unit 209 Morristown, NJ 07960

2 Beds
2.5 Baths
2,492 Sq Ft
$1,156/mo HOA Fee

Recently Sold

$482 Per Sq Ft

20% Below List Price

78 Days on Market

Highlights

  • Fitness Center
  • 2.49 Acre Lot
  • Marble Flooring
  • Alfred Vail School Rated A-
  • Clubhouse
  • 1-minute walk to Morristown Green

About This Home

As of February 2024

Magnificent Builder's Model. 2492 sq ft of Fabulous Living Space. 2 BR with 2.1 Baths & Large Den. Located in the Center of Morristown overlooking the Green. Luxury living with full Concierge Service. Spacious, elegant unit exemplifies what in-town Morristown living is all about! Enjoy maintenance free condo living that includes hardwood floors, 9' ceilings, marble bathrooms, gourmet kitchen with stainless appliances and granite.Also has plenty of closet space including 2 Walk-in closets in Master BR. Includes 24/7 workout gym, private club room with billiards, TV, full wall Fireplace and Catering Kitchen. Comes with 2 assigned parking spaces in temperature controlled private parking garage. Walking distance to Restaurants, Bars, Mayo Performing Arts Center, Starbucks, Dunkin, Whole Foods, Kings and more.

Last Agent to Sell the Property

EUGENE KEVIN LONG

WEICHERT REALTORS Listed on: 01/02/2019

Last Buyer's Agent

Smitha Ramchandani

CHRISTIE'S INT. REAL ESTATE GROUP

CHRISTIE'S INT. REAL ESTATE GROUP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,259

Year Built

  • Built in 2010

HOA Fees

  • $1,156 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Tuck Under Garage
  • Garage Door Opener
  • Parking Lot
  • Off-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 2,492 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Front Basement Entry
  • Intercom

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Thomasjeff Elementary School
  • Frelghuysn Middle School
  • Morristown High School

Utilities

  • Forced Air Heating and Cooling System
  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Underground Utilities
  • Standard Electricity
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2324-06004-0000-00001-0209-
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-exterior, snow removal, maintenance-common area
  • High-Rise Condominium

Amenities

  • Clubhouse
  • Billiard Room
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Dogs and Cats Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,259

Year Built

Built in 2010

Lot Details

0

HOA Fees

$1,156 per month

Parking

2

Listing Details

  • Style: Hi-Rise, One Floor Unit
  • Primary Style: Hi-Rise
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 2010
  • Year Built Description: Approximate
  • County Name: Morris
  • Exclusions: Wine Refrigerators
  • Possible Other Uses: Home-Office
  • Street Number Display: 40
  • Directions: Rt. 287 to exit 35 , to South St. towards the Morristown Green. Park in the Dehart St. parking garage. Walk to back of building to Concierge Lobby.
  • I D: 4860408
  • Modified: 2021-09-23
  • Number Images: 23
  • Section Subdiv Development: 40 Park Place
  • First Name: EUGENE KEVIN
  • First Name3: SMITHA
  • Last Name: LONG
  • Last Name3: RAMCHANDANI
  • Office Phone: 973-216-3892
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Marble, Wood
  • Floor Number: 2
  • Appliances: Carbon Monoxide Detector, Generator-Built-In, OvnWElec, Refrigerator, CookGas, Washer, Dishwasher, Self Cleaning Oven, Disposal, Kitchen Exhaust Fan, Dryer, Microwave Oven
  • Interior Amenities: Intercom, Elevator, StallShw, Fire Alarm Sys, StallTub, Blinds, Fire Extinguisher, Window Treatments, Carbon Monoxide Detector, High Ceilings, Smoke Detector
  • Number Rooms: 7
  • Bedrooms: 2
  • Master Bedroom Desc: 1st Floor, Dressing Room, Full Bath, Walk-In Closet
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Primary Bathroom Features: Stall Shower, Soaking Tub
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Center Island, Eat-In Kitchen, Separate Dining Area
  • Kitchen Dim: 18x15
  • Kitchen Level: First
  • Living Room Dim: 33x16
  • Living Room Level: First
  • Other Room 1: Foyer
  • Other Room1 Dim: 10x10
  • Other Room1 Level: First
  • Other Room 2: Vestibul
  • Other Room2 Dim: 8x6
  • Level 1 Rooms: Breakfast Room, Laundry Room, 2 Bedrooms, Foyer, Den, Living Room, Entrance Vestibule, Bath Main, Powder Room, Bath(s) Other, Kitchen
  • Estimated Sq Ft: 2492
  • Phone: 973-539-8000

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Sidewalk, Thermal Windows/Doors
  • Roof Description: Flat

Garage/Parking

  • Garage Description: Assigned, Garage Door Opener, Garage Parking, Garage Under
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: Concrete, Parking Lot-Exclusive, Lighting, Assigned, Off-Street Parking

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Electric, Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Amenities: Billiards Room, Club House, Elevator, Exercise Room, Kitchen Facilities
  • Association Maintenance Fee: 1156
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Exterior, Snow Removal, Maintenance-Common Area

Fee Information

  • Other Fee Freqency: One Time

Schools

  • Elementary School: ThomasJeff
  • Middle School: Frelghuysn
  • High School: Morristown
  • High School: Morristown
  • Middle Jr High School: Frelghuysn

Lot Info

  • Lot Size: 2.49 ACRES
  • Assessed Improvement Value: 393000
  • Assessed Land Value: 530000
  • Assessment: 923000
  • Easement: Unknown
  • Lot Description: Corner
  • Lot Identifier: 1.209
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 2.49

Rental Info

  • Application Fee: 2312
  • Pets Allowed: CatsOK, DogsOK, NumLimit, Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Street Number Tax: *
  • Tax Amount: 26259
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2324-06004-0000-00001-0209-
  • Tax Rate Amount: 2.845
  • Tax Rate Tax: *
  • Tax Rate Year: 2018
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: ThomasJeff

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2023
Closed on
Feb 9, 2024
Sold by
Bigger Michael and Bigger Irene
Bought by
Ranger Alexander
Seller's Agent
Smitha Ramchandani
CHRISTIE'S INT. REAL ESTATE GROUP
Buyer's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
List Price
$1,450,000
Sold Price
$1,375,000
Premium/Discount to List
-$75,000
-5.17%
Views
92
Current Estimated Value
$1,644,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,355
Avg. Annual Appreciation
11.02%

Purchase Details

Listed on
Jan 2, 2019
Closed on
Mar 26, 2019
Sold by
Sterritt Larry W and Sterritt Dawn T
Bought by
Bigger Michael and Bigger Irene
Seller's Agent
EUGENE KEVIN LONG
WEICHERT REALTORS
Buyer's Agent
Smitha Ramchandani
CHRISTIE'S INT. REAL ESTATE GROUP
List Price
$1,499,000
Sold Price
$1,200,000
Premium/Discount to List
-$299,000
-19.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.86%
Source: Public Records

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Range of Values:

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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
Deed $1,375,000 Prestige Title
Deed $1,200,000 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $750,000 Adjustable Rate Mortgage/ARM
Previous Owner $760,000 Adjustable Rate Mortgage/ARM
Previous Owner $860,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2024 02/15/24 Sold $1,375,000 -5.2% $552 / Sq Ft
01/19/2024 01/19/24 Pending -- -- --
11/17/2023 11/17/23 For Sale $1,450,000 +20.8% $582 / Sq Ft
04/24/2019 04/24/19 Sold $1,200,000 -19.9% $482 / Sq Ft
03/21/2019 03/21/19 Pending -- -- --
01/02/2019 01/02/19 For Sale $1,499,000 -- $602 / 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 $26,822 $1,482,900 $612,500 $870,400
2023 $26,822 $923,000 $530,000 $393,000
2022 $26,509 $923,000 $530,000 $393,000
2021 $26,509 $923,000 $530,000 $393,000
2020 $26,610 $923,000 $530,000 $393,000
2019 $26,601 $923,000 $530,000 $393,000
2018 $26,259 $923,000 $530,000 $393,000
2017 $25,475 $923,000 $530,000 $393,000
2016 $24,819 $923,000 $530,000 $393,000
2015 $24,229 $923,000 $530,000 $393,000
2014 $23,961 $923,000 $530,000 $393,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3523069

Garden State MLS

APN: 24-06004-0000-00001-209