NOT LISTED FOR SALE

40 W Park Place Unit 507 Morristown, NJ 07960

Estimated Value: $636,000 - $780,000

1 Bed
1.5 Baths
947 Sq Ft
$493/mo HOA Fee

Last Sold July 12, 2022

Last sale price $630,000 $665 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,345/month

29 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 July 2022

Enjoy NYC Style Living in this beautiful 1 Bedroom with 1.1 baths luxury Condo. This sophisticated unit with all "City Quiet Windows" is located in the heart of Morristown on the Fifth Floor with views of the beautiful Morristown Green. Upgraded unit features a built-out office/den with 2 desk/computer stations, laundry room with spacious storage, all upgraded lighting fixtures with progressive rheostat switch plates, new Toto toilets, new HWH and full unit water filtration system. Gourmet Kitchen with custom back splash, stainless appliances and granite and marble counters and floors. This special location allows you to walk to NYC Direct Train, Starbucks or Dunkin Donuts, shop at Kings or Whole Foods, Great Restaurants and Bars, movies and the Mayo Community Theater. Enjoy the convenience of the Full Private Work Out Facility and entertain in the Private Club Room with full catering Kitchen, Wide Screen TV's and Billiards, all with convenience of full Wi-Fi service.

Last Agent to Sell the Property

EUGENE KEVIN LONG

WEICHERT REALTORS Listed on: 05/12/2022

Last Buyer's Agent

Gilda Lee

KELLER WILLIAMS METROPOLITAN

KELLER WILLIAMS METROPOLITAN

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,779

Year Built

  • Built in 2010

Lot Details

  • 2.49

HOA Fees

  • $493 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Tuck Under Garage
  • Inside Entrance
  • Garage Door Opener

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 947 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Thermal Windows
  • Shades
  • Drapes & Rods
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Skyline Views
  • Front Basement Entry
  • Intercom
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 1 Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Separate Shower

Schools

  • Woodland Elementary School
  • Frelghuysn Middle School
  • Morristown High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2324-06004-0000-00001-0507-
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal
  • 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

$9,779

Year Built

Built in 2010

Lot Details

0

HOA Fees

$493 per month

Parking

1

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
  • Renovated Year: 2020
  • Street Number Display: 40
  • Directions: Rt. 287, exit 35 to Morristown. Park at Dehart Street Public Garage. Exit towards the Piazza to Lobby
  • I D: 5150153
  • Modified: 2023-07-13
  • Number Images: 17
  • Section Subdiv Development: 40 Park Place
  • First Name: EUGENE KEVIN
  • First Name3: GILDA
  • Last Name: LONG
  • Last Name3: LEE
  • Office Phone: 973-216-3892
  • Office Phone3: 973-539-1120
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Condos
  • Year Renovated: 2020

Interior Features

  • Flooring: Marble, Wood
  • Floor Number: 5th
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Disposal, Kitchen Exhaust Fan, Microwave Oven, Refrigerator, Self Cleaning Oven, Stackable Washer/Dryer, OvnWGas
  • Interior Amenities: Carbon Monoxide Detector, Drapes, Elevator, Fire Alarm Sys, High Ceilings, Intercom, Security System, Shades, Smoke Detector, Walk-In Closet
  • Number Rooms: 5
  • Bedrooms: 1
  • Master Bedroom Desc: 1st Floor, Full Bath, Walk-In Closet
  • Bedroom 1 Level: First
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Den Level: First
  • Kitchen Area: Breakfast Bar, Center Island, Not Eat-In Kitchen, Separate Dining Area
  • Kitchen Dim: 12x12
  • Kitchen Level: First
  • Living Room Dim: 18x12
  • Living Room Level: First
  • Other Room 1: Laundry Room
  • Other Room1 Dim: 10x6
  • Other Room1 Level: First
  • Level 1 Rooms: 1 Bedroom, Breakfast Room, Den, Dining Room, Entrance Vestibule, Kitchen, Laundry Room, LivDinRm, Office, Powder Room
  • Estimated Sq Ft: 947

Exterior Features

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

Garage/Parking

  • Garage Description: Assigned, Garage Door Opener, Garage Parking, Garage Under, InEntrnc
  • Number Garage Spaces: 1
  • Parking Driveway Description: Assigned

Utilities

  • Cooling: 1 Unit, Central Air
  • 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: 493
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal

Fee Information

  • Other Fee Freqency: One Time

Schools

  • Elementary School: Woodland
  • Middle School: Frelghuysn
  • High School: Morristown
  • High School: Morristown
  • Middle Jr High School: Frelghuysn

Lot Info

  • Lot Size: 2.49 ACRES
  • Assessed Improvement Value: 39200
  • Assessed Land Value: 300000
  • Assessment: 339200
  • Lot Description: Skyline View
  • Lot Identifier: 1.507
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 2.49
  • Zoning: CBD

Rental Info

  • Application Fee: 960
  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Street Number Tax: *
  • Tax Amount: 9779
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2324-06004-0000-00001-0507-
  • 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: Woodland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Jul 7, 2022
Sold by
Michael Mayer
Bought by
Lee Gilda
Seller's Agent
EUGENE KEVIN LONG
WEICHERT REALTORS
Buyer's Agent
Gilda Lee
KELLER WILLIAMS METROPOLITAN
List Price
$649,000
Sold Price
$630,000
Premium/Discount to List
-$19,000
-2.93%
Total Days on Market
29
Current Estimated Value
$718,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,241
Avg. Annual Appreciation
6.19%

Purchase Details

Closed on
Oct 12, 2016
Sold by
Gels David William and Gois Mary Joan
Bought by
Mayer Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,200
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Lee Gilda $630,000 Simplicity Title
Mayer Michael $581,500 New Jersey Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mayer Michael $369,000
Previous Owner Mayer Michael $465,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2022 07/12/22 Sold $630,000 -2.9% $665 / Sq Ft
06/10/2022 06/10/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $649,000 -- $685 / 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 $9,857 $639,900 $402,500 $237,400
2023 $9,857 $339,200 $300,000 $39,200
2022 $9,742 $339,200 $300,000 $39,200
2021 $9,742 $339,200 $300,000 $39,200
2020 $9,779 $339,200 $300,000 $39,200
2019 $9,776 $339,200 $300,000 $39,200
2018 $9,650 $339,200 $300,000 $39,200
2017 $9,362 $339,200 $300,000 $39,200
2016 $9,121 $339,200 $300,000 $39,200
2015 $8,904 $339,200 $300,000 $39,200
2014 $8,806 $339,200 $300,000 $39,200
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2022

    EUGENE KEVIN LONG

    WEICHERT REALTORS

  • Gilda Lee

    Buyer's Agent in 2022

    Gilda Lee

    KELLER WILLIAMS METROPOLITAN

    (201) 213-2409

    1 in this area

    9 Total Sales

    Gilda Lee
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3781624

Garden State MLS

APN: 24-06004-0000-00001-507

New Jersey Morris County Morristown 07960

40 W Park Place Unit 507, Morristown, NJ

This home is located at 40 W Park Place Unit 507, Morristown, NJ 07960 since 12 May 2022 and is currently estimated at $718,241, approximately $758 per square foot. This property was built in 2010. 40 W Park Place Unit 507 is a home located in Morris County with nearby schools including Alfred Vail School, Hillcrest School, and Thomas Jefferson School.

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