NOT LISTED FOR SALE

40 W Park Place Unit 502 Morristown, NJ 07960

Estimated Value: $877,000 - $993,102

2 Beds
2 Baths
1,346 Sq Ft
$710/mo HOA Fee

Last Sold August 01, 2022

Last sale price $865,000 $643 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,147/month

49 Days on Market

Highlights

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

About This Home

As of August 2022

Downtown city living in amazing Morristown! Close to train, theater, restaurants and shops. This full service secure building offers concierge service all year. Convenience at its best with an onsite gym and Private Club Room offering a space to host events, complete with full service kitchen, large TVs, billiards and fireplace. Unit 502 is a true 2 bedroom with 2 full bathrooms. The spacious living room opens to an outdoor patio overlooking the courtyard and fountain. This unit features an eat in kitchen with a wine fridge and French doors which open to the outside. All lighting and light fixtures were updated recently including recessed LED lighting with dimmers. Water heater is less than a year old. Move right into this stunning condo right in the heart of a booming town! Furry friends are welcome at 40 Park!

Last Agent to Sell the Property

Jessica Exley

WEICHERT REALTORS Listed on: 05/17/2022

WEICHERT REALTORS

Last Buyer's Agent

Heather Bailey

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,838

Year Built

  • Built in 2010

Lot Details

  • 2.49

HOA Fees

  • $710 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Tile

Interior Spaces

  • 1,346 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Living Room
  • Breakfast Room
  • Wood Flooring
  • Skyline Views

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Wine Refrigerator

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Porch

Schools

  • A.Hamilton Elementary School
  • Frelghuysn Middle School
  • Morristown High School

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Multiple Heating Units
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2324-06004-0000-00001-0502-
  • Tax Block *

Community Details

Overview

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

Amenities

  • Billiard Room
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,838

Year Built

Built in 2010

Lot Details

0

HOA Fees

$710 per month

Parking

2

Listing Details

  • Style: One Floor Unit, Hi-Rise
  • Primary Style: One Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 2010
  • Year Built Description: Approximate
  • County Name: Morris
  • Street Number Display: 40
  • Directions: Washington street to W Park, Above Starbucks, Enter on Market Street
  • I D: 5151456
  • Modified: 2023-08-02
  • Number Images: 31
  • First Name: JESSICA
  • First Name3: HEATHER
  • First Name4: EUGENE KEVIN
  • Last Name: EXLEY
  • Last Name3: BAILEY
  • Last Name4: LONG
  • Office Phone3: 973-267-8990
  • Office Phone4: 973-216-3892
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Tile, Wood
  • Floor Number: 5
  • Appliances: CookGas, Dryer, Microwave Oven, Refrigerator, OvnWElec, Washer, WineRefr
  • Number Rooms: 4
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: First
  • Primary Bathroom Features: Stall Shower And Tub
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Dining Room Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 10x10
  • Kitchen Level: First
  • Living Room Dim: 22x5
  • Living Room Level: First
  • Level 1 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other, Breakfast Room, Kitchen, Laundry Room, Living Room, Porch
  • Estimated Sq Ft: 1346
  • Phone: 973-539-8000

Exterior Features

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

Garage/Parking

  • Garage Description: Assigned, Attached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: Off-Street Parking

Utilities

  • Cooling: 1 Unit
  • Fuel Type: Gas-Natural
  • Heating: 2 Units
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Billiards Room, Elevator, Exercise Room, Kitchen Facilities
  • Association Maintenance Fee: 710
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Snow Removal

Fee Information

  • Other Fee Freqency: R

Schools

  • Elementary School: A.Hamilton
  • Middle School: Frelghuysn
  • High School: Morristown
  • High School: Morristown
  • Middle Jr High School: Frelghuysn

Lot Info

  • Lot Size: 2.49 ACRES
  • Assessed Improvement Value: 50000
  • Assessed Land Value: 430000
  • Assessment: 480000
  • Lot Description: Skyline View
  • Lot Identifier: 1.502
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 2.49

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Street Number Tax: *
  • Tax Amount: 13838
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2324-06004-0000-00001-0502-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.872
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: A.Hamilton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Aug 1, 2022
Sold by
Oweis Luma
Bought by
Yakal-Kremski Samantha
Seller's Agent
Jessica Exley
WEICHERT REALTORS
Buyer's Agent
Heather Bailey
COLDWELL BANKER REALTY
List Price
$925,000
Sold Price
$865,000
Premium/Discount to List
-$60,000
-6.49%
Total Days on Market
49
Current Estimated Value
$943,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,276
Avg. Annual Appreciation
3.08%
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 Buyer Sale Price Title Company
Yakal-Kremski Samantha $865,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oweis Luma $404,000
Previous Owner Oweis Luma $404,000
Previous Owner Oweis Luma $537,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2022 08/01/22 Sold $865,000 0.0% $643 / Sq Ft
07/06/2022 07/06/22 Pending -- -- --
07/06/2022 07/06/22 Price Changed $865,000 -6.5% $643 / Sq Ft
05/18/2022 05/18/22 For Sale $925,000 -- $687 / 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 $13,949 $822,100 $402,500 $419,600
2023 $13,949 $480,000 $430,000 $50,000
2022 $13,786 $480,000 $430,000 $50,000
2021 $13,786 $480,000 $430,000 $50,000
2020 $13,838 $480,000 $430,000 $50,000
2019 $13,834 $480,000 $430,000 $50,000
2018 $13,656 $480,000 $430,000 $50,000
2017 $13,248 $480,000 $430,000 $50,000
2016 $12,907 $480,000 $430,000 $50,000
2015 $12,600 $480,000 $430,000 $50,000
2014 $12,461 $480,000 $430,000 $50,000
Source: Public Records

Agents Affiliated with this Home

  • Jessica Exley

    Seller's Agent in 2022

    Jessica Exley

    WEICHERT REALTORS

    (917) 453-7335

    64 in this area

    97 Total Sales

    Jessica Exley
    Section Image
  • Heather Bailey

    Buyer's Agent in 2022

    Heather Bailey

    COLDWELL BANKER REALTY

    (201) 274-3710

    14 in this area

    64 Total Sales

    Heather Bailey
    Section Image

  • E

    Buyer Co-Listing Agent in 2022

    EUGENE KEVIN LONG

    WEICHERT REALTORS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3782797

Garden State MLS

APN: 24-06004-0000-00001-502

New Jersey Morris County Morristown 07960

40 W Park Place Unit 502, Morristown, NJ

This home is located at 40 W Park Place Unit 502, Morristown, NJ 07960 since 17 May 2022 and is currently estimated at $943,276, approximately $700 per square foot. This property was built in 2010. 40 W Park Place Unit 502 is a home located in Morris County with nearby schools including Alfred Vail School, Hillcrest School, and Thomas Jefferson School.

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