NOT LISTED FOR SALE

40 W Park Place Unit 413 Morristown, NJ 07960

Estimated Value: $1,061,000 - $1,211,000

2 Beds
2.5 Baths
1,681 Sq Ft
$825/mo HOA Fee

Last Sold March 10, 2022

Last sale price $990,000 $589 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $8,624/month

11 Days on Market

Highlights

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

About This Home

As of March 2022

Enjoy NYC style living in one of NJ's premier buildings with Concierge service 365 days a year. Beautiful views from front balcony that overlooks the historic Morristown Green. Spacious 2 Bedroom/2.1 Bath with an open floor plan for easy entertaining. Kitchen has a large center island with seating and built-in wine refrigerator, stainless Kitchen Aid appliances, and granite countertops. Beautiful Cherry Hardwood floors with natural stain, throughout. Great layout with bedrooms on opposite sides of the unit for privacy. Master Bath with double vanity, soaking tub and separate shower. Baths have marble floors and marble top vanities. There are "City Quiet'' windows and sliders installed in the entire unit. Separate laundry room. Includes 2 deeded parking spaces (80 & 81) in the private garage. Building has a private gym and club room with billiard table, wide screen TV's, full wall fireplace and a full service catering kitchen for parties. Walk to restaurants, theater, coffee and shopping with ease. As an added amenity, the building is fitted with a backup Generator to keep hall lights and elevators running in case of any electrical outages.

Last Agent to Sell the Property

EUGENE KEVIN LONG

WEICHERT REALTORS Listed on: 01/24/2022

Last Buyer's Agent

ARLENE GORMAN GONNELLA

WEICHERT REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,856

Year Built

  • Built in 2010

Lot Details

  • 2.49

HOA Fees

  • $825 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Tuck Under Garage
  • Inside Entrance
  • Parking Lot

Property Views

  • Skyline
  • Mountain

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 1,681 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Thermal Windows
  • Blinds
  • Living Room
  • Formal Dining Room
  • Utility Room
  • Front Basement Entry

Kitchen

  • Breakfast Bar
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Patio
  • Porch

Schools

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

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Underground Utilities
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2324-06004-0000-00001-0413-
  • Tax Block *

Community Details

Overview

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

Amenities

  • Clubhouse
  • Billiard Room
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,856

Year Built

Built in 2010

Lot Details

0

HOA Fees

$825 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: Ask listing agent if there are any exclusions
  • Possible Other Uses: Home-Office
  • Renovated Year: 2015
  • Street Number Display: 40
  • Directions: Rt. 287 to exit 35 then head towards Morristown Green, park at Dehart St. public parking garage, come out at street level to Piazza Courtyard.
  • I D: 5124855
  • Modified: 2023-03-11
  • Number Images: 19
  • Section Subdiv Development: 40 Park Place
  • First Name: EUGENE KEVIN
  • First Name3: ARLENE GORMAN
  • Last Name: LONG
  • Last Name3: GONNELLA
  • Office Phone: 973-216-3892
  • Office Phone3: 973-376-4545
  • Attribution Contact: 973-539-8000
  • Special Features: None
  • Property Sub Type: Condos
  • Year Renovated: 2015

Interior Features

  • Flooring: Marble, Wood
  • Floor Number: 4
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Dryer, Generator-Built-In, Kitchen Exhaust Fan, Microwave Oven, Refrigerator, Stackable Washer/Dryer, OvnWGas, Washer, WineRefr
  • Interior Amenities: Blinds, High Ceilings, Smoke Detector, StallTub
  • Number Rooms: 6
  • Bedrooms: 2
  • Master Bedroom Desc: 1st Floor, Full Bath, Walk-In Closet
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Kitchen Area: Breakfast Bar, Center Island, Separate Dining Area
  • Kitchen Dim: 17x12
  • Kitchen Level: First
  • Living Room Dim: 19x12
  • Living Room Level: First
  • Other Room 1: SittngRm
  • Other Room1 Dim: 12x10
  • Other Room1 Level: First
  • Other Room 2: Laundry Room
  • Other Room2 Dim: 10x5
  • Other Room2 Level: First
  • Level 1 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other, Dining Room, Entrance Vestibule, Laundry Room, Living Room, Porch, Powder Room, SittngRm, Utility Room
  • Estimated Sq Ft: 1681
  • Phone: 973-539-8000

Exterior Features

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

Garage/Parking

  • Garage Description: Assigned, Garage Parking, Garage Under, InEntrnc
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: 1 Car Width, Parking Lot-Exclusive

Utilities

  • Cooling: 1 Unit
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Amenities: Billiards Room, Club House, Elevator, Exercise Room, Kitchen Facilities
  • Association Maintenance Fee: 825
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection

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: 190000
  • Assessed Land Value: 360000
  • Assessment: 550000
  • Easement: Unknown
  • Lot Description: Corner, Mountain View, Skyline View
  • Lot Identifier: 1.413
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 2.49
  • Zoning: CBD

Rental Info

  • Application Fee: 1596
  • Pets Allowed: NumLimit, Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Street Number Tax: *
  • Tax Amount: 15856
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2324-06004-0000-00001-0413-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.883
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: ThomasJeff

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2015
Sold by
Lane Thomas K and Lane Kathleen R
Bought by
Hampton Hill Llc
Total Days on Market
11
Current Estimated Value
$1,152,167

Purchase Details

Closed on
Jul 25, 2011
Sold by
40 Park Llc
Bought by
Lane Thomas K and Lane Kathleen R
Source: Public Records

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 Buyer Sale Price Title Company
Hampton Hill Llc -- Agent For Westcor Land Title
Lane Thomas K $809,000 Trans County Title Agency L
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2022 03/10/22 Sold $990,000 -0.8% $589 / Sq Ft
02/04/2022 02/04/22 Pending -- -- --
01/24/2022 01/24/22 For Sale $998,000 -- $594 / 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 $15,983 $997,900 $437,500 $560,400
2023 $15,983 $550,000 $360,000 $190,000
2022 $15,796 $550,000 $360,000 $190,000
2021 $15,796 $550,000 $360,000 $190,000
2020 $15,857 $550,000 $360,000 $190,000
2019 $15,851 $550,000 $360,000 $190,000
2018 $15,648 $550,000 $360,000 $190,000
2017 $15,180 $550,000 $360,000 $190,000
2016 $14,790 $550,000 $360,000 $190,000
2015 $14,438 $550,000 $360,000 $190,000
2014 $14,278 $550,000 $360,000 $190,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3760403

Garden State MLS

APN: 24-06004-0000-00001-413