NOT LISTED FOR SALE

40 W Park Place Unit 605 Morristown, NJ 07960

Estimated Value: $1,816,000 - $2,308,000

2 Beds
3 Baths
2,728 Sq Ft
$1,322/mo HOA Fee

Last Sold June 01, 2021

Last sale price $1,630,000 $598 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $15,760/month

225 Days on Market

About This Home

As of June 2021

Spectacular views from this one-of-a-kind 1500 Sq. Ft. Terrace Overlooking the Historic Morristown Green. Incredible corner location with 2 BR and 3 Full Baths with over 2700 Sq. Ft of living space. Endless possibilities for indoor and outdoor entertaining. This penthouse has six sliding glass or French doors from the Master Bedroom, Guest Bedroom, Living Room, Dining Room, and Breakfast Room that lead to the terrace, adding light and brightness to the living space. Gourmet kitchen with Viking Stainless Appliances, Granite Countertops, and separate Breakfast Room. Brazilian Cherry Floors, Spacious Walk-In Closets, and Bonus Room with privacy and a separate entrance, that can be used for a variety of uses. Concierge lobby is on duty 365 days a year, Private garage with Deeded 2-Spaces.

Last Agent to Sell the Property

EUGENE KEVIN LONG

WEICHERT REALTORS Listed on: 09/17/2020

Last Buyer's Agent

CYNTHIA KIRCHNER

BHHS - NEW JERSEY PROPERTIES

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Jul 1, 2021
Sold by
Keenan Aileen A and Seay William R
Bought by
Kern Brian
Seller's Agent
EUGENE KEVIN LONG
WEICHERT REALTORS
Buyer's Agent
CYNTHIA KIRCHNER
BHHS - NEW JERSEY PROPERTIES
List Price
$1,849,000
Sold Price
$1,630,000
Premium/Discount to List
-$219,000
-11.84%
Total Days on Market
225
Current Estimated Value
$2,009,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$379,517
Avg. Annual Appreciation
6.88%
Interest Rate
2.98%

Purchase Details

Listed on
Sep 17, 2020
Closed on
May 27, 2021
Sold by
Seay William R and Keenan Aileen A
Bought by
Kern Brian
Seller's Agent
EUGENE KEVIN LONG
WEICHERT REALTORS
Buyer's Agent
CYNTHIA KIRCHNER
BHHS - NEW JERSEY PROPERTIES
List Price
$1,849,000
Sold Price
$1,630,000
Premium/Discount to List
-$219,000
-11.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
2.98%

Purchase Details

Closed on
Apr 23, 2014
Sold by
Boissonneault Terri and Boissonneault Roger
Bought by
Seay William R and Keenan Aileen A

Purchase Details

Listed on
Oct 22, 2012
Closed on
Oct 22, 2012
Sold by
40 Park Llc Co
Bought by
Boissonneault Terri
Seller's Agent
EUGENE KEVIN LONG
WEICHERT REALTORS
Buyer's Agent
THOMAS STRETTON
KL SOTHEBY'S INT'L. REALTY
Sold Price
$1,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.82%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kern Brian $1,630,000 --
Kern Brian $1,630,000 Simplicity Title Llc
Seay William R $1,555,000 Able Title Agency
Boissonneault Terri $1,500,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kern Brian --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $1,630,000 -8.1% $598 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
11/06/2020 11/06/20 Price Changed $1,774,000 -4.1% $650 / Sq Ft
09/17/2020 09/17/20 For Sale $1,849,000 +23.3% $678 / Sq Ft
10/22/2012 10/22/12 Sold $1,500,000 -- $550 / 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 $38,409 $1,756,600 $787,500 $969,100
2023 $38,409 $1,321,700 $1,040,000 $281,700
2022 $37,959 $1,321,700 $1,040,000 $281,700
2021 $37,959 $1,321,700 $1,040,000 $281,700
2020 $38,105 $1,321,700 $1,040,000 $281,700
2019 $38,091 $1,321,700 $1,040,000 $281,700
2018 $37,602 $1,321,700 $1,040,000 $281,700
2017 $36,479 $1,321,700 $1,040,000 $281,700
2016 $35,541 $1,321,700 $1,040,000 $281,700
2015 $34,695 $1,321,700 $1,040,000 $281,700
2014 -- $1,040,000 $1,040,000 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2021

    EUGENE KEVIN LONG

    WEICHERT REALTORS

  • C

    Buyer's Agent in 2021

    CYNTHIA KIRCHNER

    BHHS - NEW JERSEY PROPERTIES

  • T

    Buyer's Agent in 2012

    THOMAS STRETTON

    KL SOTHEBY'S INT'L. REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3664882

Garden State MLS

APN: 24-06004-0000-00001-605

New Jersey Morris County Morristown 07960

40 W Park Place Unit 605, Morristown, NJ

This home is located at 40 W Park Place Unit 605, Morristown, NJ 07960 since 17 September 2020 and is currently estimated at $2,009,517, approximately $736 per square foot. This property was built in 2010. 40 W Park Place Unit 605 is a home located in Morris County with nearby schools including Alfred Vail School, Hillcrest School, and Thomas Jefferson School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes