NOT LISTED FOR SALE

40 W Park Place Unit 505 Morristown, NJ 07960

Estimated Value: $896,000 - $973,860

2 Beds
2 Baths
1,300 Sq Ft
$659/mo HOA Fee

Last Sold December 15, 2022

Last sale price $800,000 $615 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,672/month

128 Days on Market

Highlights

  • Fitness Center
  • Skyline View
  • Wood Flooring
  • Hillcrest School Rated A-
  • Deck
  • 1-minute walk to Morristown Green

About This Home

As of December 2022

Exceptional 2 BR, 2 Bath end unit with balcony overlooking the courtyard. Open floor plan with gleaming hardwood floors and a large granite center island anchors an ideal entertaining space. Top of the line stainless Kitchen Aid appliances and stunning cabinetry. Gracious Master Suite has a walk in closet plus second closet for additional storage. Exquisite master bath with soaking tub and separate shower. Juliet balcony off the dining area. Desirable corner location offers plenty of windows and natural light. Includes two assigned garage spaces in building deeded with unit. 40 W. Park offers concierge service; gym; club room with kitchen facilities, pool table, stunning fireplace and flat screen TV's available for residents of building.

Last Agent to Sell the Property

MARIE LEWIS

C-21 NORTH WARREN REALTY Brokerage Phone: 908-797-6682 Listed on: 06/24/2022

Last Buyer's Agent

LAURA ANA BLANCHE

KNECHT PROPERTIES, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,627

Year Built

  • Built in 2010

Lot Details

  • 2.49

HOA Fees

  • $659 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Inside Entrance
  • Off-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Tile

Interior Spaces

  • 1,300 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Shades
  • Blinds
  • Drapes & Rods
  • Entrance Foyer
  • Family or Dining Combination
  • Wood Flooring
  • Skyline Views

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deck
  • Porch

Schools

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

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 2324-06004-0000-00001-0505-

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal, trash collection
  • $28 Other Monthly Fees
  • High-Rise Condominium

Amenities

  • Billiard Room
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,627

Year Built

Built in 2010

Lot Details

0

HOA Fees

$659 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: None.
  • Street Number Display: 40
  • Directions: Exit 35 off of Route 287 and follow South Street to center of Morristown. Entrance to 40 W. Park Place from Market or Dehart Streets.
  • I D: 5161261
  • Modified: 2023-12-16
  • Number Images: 15
  • First Name: MARIE
  • First Name3: LAURA ANA
  • Last Name: LEWIS
  • Last Name3: BLANCHE
  • Office Phone: 908-852-0007
  • Office Phone3: 973.975.0240
  • Attribution Contact: 908-797-6682
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Tile, Wood
  • Floor Number: 5
  • Appliances: CookGas, Dishwasher, Dryer, Microwave Oven, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Blinds, Drapes, High Ceilings, Shades, Smoke Detector, SoakTub, StallShw, Walk-In Closet, Window Treatments
  • Number Rooms: 4
  • 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: 2.00
  • Full Bathrooms: 2
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Breakfast Bar, Center Island
  • Kitchen Dim: 11x10
  • Kitchen Level: First
  • Living Room Dim: 21x14
  • Living Room Level: First
  • Level 1 Rooms: Bath Main, Bath(s) Other, Foyer, InsdEntr, Kitchen, Laundry Room, LivDinRm, Porch
  • Estimated Sq Ft: 1300
  • Phone: 908-852-0007

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Deck
  • Roof Description: Flat

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Amenities: Billiards Room, Elevator, Exercise Room, Kitchen Facilities
  • Association Maintenance Fee: 659
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection

Fee Information

  • Other Fee Freqency: Monthly
  • Other Fees: 28

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: 8000
  • Assessed Land Value: 430000
  • Assessment: 438000
  • Easement: Unknown
  • Lot Description: Skyline View
  • Lot Identifier: 1.505

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Amount: 12627
  • Assessor Parcel Number: 2324-06004-0000-00001-0505-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.872
  • Tax Rate Year: 2021
  • Tax Year: 2021

MLS Schools

  • Grade School: A.Hamilton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2022
Closed on
Dec 13, 2022
Sold by
Egan Roger E
Bought by
Clark Brittany Logothetis and Logothetis Julie A
Seller's Agent
MARIE LEWIS
C-21 NORTH WARREN REALTY
Buyer's Agent
LAURA ANA BLANCHE
KNECHT PROPERTIES, LLC
List Price
$895,000
Sold Price
$800,000
Premium/Discount to List
-$95,000
-10.61%
Views
84
Current Estimated Value
$933,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,465
Avg. Annual Appreciation
5.69%

Purchase Details

Closed on
Jul 14, 2017
Sold by
Mitilenes Nickolas and Mitilenes Tiffany
Bought by
Egan Roger E

Purchase Details

Listed on
Jan 22, 2015
Closed on
Jan 22, 2015
Sold by
Gogarty John William and Gogarty Allison
Bought by
Mitilenes Nickolas and Avila Tiffany
Seller's Agent
Jeremy Gulish
KELLER WILLIAMS METROPOLITAN
Buyer's Agent
SEAN DRISCOLL
COLDWELL BANKER REALTY
Sold Price
$670,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.15%
Original Mortgage
$528,000
Interest Rate
3.81%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Clark Brittany Logothetis $800,000 Stewart Title Guaranty Company
Clark Brittany Logothetis $800,000 Stewart Title Guaranty Company
Egan Roger E $737,500 Westcor Land Title Ins Co
Mitilenes Nickolas $670,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mitilenes Nickolas $528,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2022 12/15/22 Sold $800,000 -3.6% $615 / Sq Ft
10/30/2022 10/30/22 Pending -- -- --
10/09/2022 10/09/22 Price Changed $829,500 -3.5% $638 / Sq Ft
09/07/2022 09/07/22 Price Changed $859,500 -2.3% $661 / Sq Ft
07/29/2022 07/29/22 Price Changed $879,500 -1.7% $677 / Sq Ft
06/26/2022 06/26/22 For Sale $895,000 +11.9% $688 / Sq Ft
06/26/2022 06/26/22 Off Market $800,000 -- --
06/24/2022 06/24/22 For Sale $895,000 +33.6% $688 / Sq Ft
01/22/2015 01/22/15 Sold $670,000 -- $515 / 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 $12,764 $810,400 $402,500 $407,900
2024 $12,728 $810,400 $402,500 $407,900
2023 $12,728 $438,000 $430,000 $8,000
2022 $12,579 $438,000 $430,000 $8,000
2021 $12,579 $438,000 $430,000 $8,000
2020 $12,628 $438,000 $430,000 $8,000
2019 $12,623 $438,000 $430,000 $8,000
2018 $12,461 $438,000 $430,000 $8,000
2017 $12,089 $438,000 $430,000 $8,000
2016 $11,778 $438,000 $430,000 $8,000
2015 $11,498 $438,000 $430,000 $8,000
2014 $11,370 $438,000 $430,000 $8,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3791658

Garden State MLS

APN: 24-06004-0000-00001-505