NOT LISTED FOR SALE

40 W Park Place Unit 402 Morristown, NJ 07960

Estimated Value: $901,000 - $940,000

2 Beds
2 Baths
1,340 Sq Ft
$689/Sq Ft Est. Value

Last Sold April 27, 2023

Last sale price $805,000 $601 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,938/month

50 Days on Market

About This Home

As of April 2023

This home is located at 40 W Park Place Unit 402, Morristown, NJ 07960 since 11 January 2023 and is currently estimated at $923,752, approximately $689 per square foot. This property was built in 2010. 40 W Park Place Unit 402 is a home located in Morris County with nearby schools including Hillcrest School, Thomas Jefferson School, and Alexander Hamilton School.

Last Agent to Sell the Property

Courtney Orlando

COMPASS NEW JERSEY, LLC Brokerage Phone: 973-315-8180 Listed on: 01/11/2023

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

MARCELLA CARNEY

KL SOTHEBY'S INT'L. REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,435

Year Built

  • Built in 2010

Lot Details

  • 2.49 Acre Lot

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,435

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Year Built: 2010
  • County Name: Morris
  • Street Number Display: 40
  • I D: 5197816
  • Modified: 2024-04-28
  • Number Images: 1
  • Attribution Contact: 973-315-8180
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Bathrooms: 2.00

Lot Info

  • Lot Size: 2.49 ACRES
  • Total Acres: 2.49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Apr 17, 2023
Sold by
Kennett Shari L and Paullin Iii Rt
Bought by
Zervos Constantina
Seller's Agent
Courtney Orlando
COMPASS NEW JERSEY, LLC
Buyer's Agent
MARCELLA CARNEY
KL SOTHEBY'S INT'L. REALTY
List Price
$825,000
Sold Price
$805,000
Premium/Discount to List
-$20,000
-2.42%
Views
321
Current Estimated Value
$923,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,752
Avg. Annual Appreciation
5.71%

Purchase Details

Listed on
Jan 19, 2016
Closed on
Feb 29, 2016
Sold by
Regier Michael John and Kendall Gordon Terrence
Bought by
Kennett Shari L and Paullin Iii Rt
Seller's Agent
Jen Lieberman
COMPASS NEW JERSEY, LLC
Buyer's Agent
Courtney Orlando
COMPASS NEW JERSEY, LLC
List Price
$725,000
Sold Price
$730,000
Premium/Discount to List
$5,000
0.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.38%
Original Mortgage
$547,500
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 14, 2014
Closed on
Apr 14, 2014
Sold by
Goodman David and Goodman Joan
Bought by
The Sbs Family Trust and Kendall Gordon Terrence
Seller's Agent
EUGENE KEVIN LONG
WEICHERT REALTORS
Buyer's Agent
Jen Lieberman
COMPASS NEW JERSEY, LLC
Sold Price
$640,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.09%
Original Mortgage
$512,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 Buyer Sale Price Title Company
Zervos Constantina $805,000 Kenworth Title
Kennett Shari L $730,000 Chicago Title Company Llc
The Sbs Family Trust $640,000 Agent For Chicago Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kennett Shari L $547,500
Previous Owner The Sbs Family Trust $512,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2023 04/27/23 Sold $805,000 -2.4% $601 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
01/11/2023 01/11/23 For Sale $825,000 +13.0% $616 / Sq Ft
03/14/2016 03/14/16 Sold $730,000 +0.7% $545 / Sq Ft View Prior Sale
01/26/2016 01/26/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $725,000 +13.3% $541 / Sq Ft
04/14/2014 04/14/14 Sold $640,000 -- $478 / Sq Ft View Prior Sale
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 $12,435 $789,500 $367,500 $422,000
2024 $13,309 $789,500 $367,500 $422,000
2023 $13,309 $458,000 $300,000 $158,000
2022 $13,154 $458,000 $300,000 $158,000
2021 $13,154 $458,000 $300,000 $158,000
2020 $13,204 $458,000 $300,000 $158,000
2019 $13,200 $458,000 $300,000 $158,000
2018 $13,030 $458,000 $300,000 $158,000
2017 $12,641 $458,000 $300,000 $158,000
2016 $12,316 $458,000 $300,000 $158,000
2015 $12,023 $458,000 $300,000 $158,000
2014 $11,890 $458,000 $300,000 $158,000
Source: Public Records

Agents Affiliated with this Home

  • Courtney Orlando

    Seller's Agent in 2023

    Courtney Orlando

    COMPASS NEW JERSEY, LLC

    (732) 921-1825

    1 in this area

    206 Total Sales

    Courtney Orlando
    Section Image

  • M

    Buyer's Agent in 2023

    MARCELLA CARNEY

    KL SOTHEBY'S INT'L. REALTY

  • Jen Lieberman

    Seller's Agent in 2016

    Jen Lieberman

    COMPASS NEW JERSEY, LLC

    (973) 739-8008

    1 in this area

    38 Total Sales

    Jen Lieberman
    Section Image

  • E

    Seller's Agent in 2014

    EUGENE KEVIN LONG

    WEICHERT REALTORS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3823953

Garden State MLS

APN: 24-06004-0000-00001-402

New Jersey Morris County Morristown 07960

40 W Park Place Unit 402, Morristown, NJ

This home is located at 40 W Park Place Unit 402, Morristown, NJ 07960 since 11 January 2023 and is currently estimated at $923,752, approximately $689 per square foot. This property was built in 2010. 40 W Park Place Unit 402 is a home located in Morris County with nearby schools including Hillcrest School, Thomas Jefferson School, and Alexander Hamilton School.

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