Seller's Agent in 2022
Jessica Exley
WEICHERT REALTORS
(917) 453-7335
64 in this area
97 Total Sales
40 W Park Place Unit 502 Morristown, NJ 07960
Estimated Value: $962,000 - $1,009,000
2
Beds
2
Baths
1,346
Sq Ft
$710/mo
HOA Fee
Highlights
- Fitness Center
- Skyline View
- Wood Flooring
- Hillcrest School Rated A-
- 2.49 Acre Lot
- 1-minute walk to Morristown Green
About This Home
As of August 2022Downtown 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!
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
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%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,933
Avg. Annual Appreciation
4.33%
Original Mortgage
$648,000
Outstanding Balance
$619,668
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$369,265
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yakal-Kremski Samantha | $865,000 | None Listed On Document | |
| Yakal-Kremski Samantha | $865,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Yakal-Kremski Samantha | $648,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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 | $12,948 | $822,100 | $402,500 | $419,600 |
| 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
-
Heather Bailey
Buyer's Agent in 2022
Heather Bailey
COLDWELL BANKER REALTY
(201) 274-3710
15 in this area
67 Total Sales
-
E
Buyer Co-Listing Agent in 2022
EUGENE KEVIN LONG
WEICHERT REALTORS
Map
Source: Garden State MLS
MLS Number: 3782797
APN: 24-06004-0000-00001-502
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