E
Seller's Agent in 2021
EUGENE KEVIN LONG
WEICHERT REALTORS
40 W Park Place Unit 705 Morristown, NJ 07960
Estimated Value: $2,231,000 - $2,405,000
2
Beds
3
Baths
2,716
Sq Ft
$1,317/mo
HOA Fee
Highlights
- Fitness Center
- Skyline View
- Clubhouse
- Hillcrest School Rated A-
- 2.49 Acre Lot
- 1-minute walk to Morristown Green
About This Home
As of July 2021Luxury in the heart of Morristown, this Penthouse is in one of the area's premier locations with 2716 sq. ft. of living space and a large outdoor terrace overlooking the Historical Morristown Green. Unique Penthouse with exceptional details. 2 bedroom, 3 full bath unit has an open floor plan with beautiful panoramic views of the Morristown Green. 3 sets of French doors lead to the oversized terrace with built-in gas grill. Custom wet bar in the formal living room and hidden pantry in the kitchen. Spacious dining room, kitchen and living room combination, with a gourmet kitchen with 5-seat center island, custom walk-in pantry, Viking appliances. Library/office has built-in shelving and a Juliette balcony. Large main bedroom with 2 walk-in closets, ensuite elegant bath. Urban oasis in the center of town.
Last Agent to Sell the Property
EUGENE KEVIN LONG
WEICHERT REALTORS Listed on: 04/12/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $41,659
Year Built
- Built in 2010
Lot Details
- 2.49
HOA Fees
- $1,317 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Tuck Under Garage
- Parking Lot
- Off-Street Parking
- Assigned Parking
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 2,716 Sq Ft Home
- 1-Story Property
- Wet Bar
- Sound System
- High Ceiling
- Thermal Windows
- Blinds
- Entrance Foyer
- Great Room
- Family Room
- Living Room
- Breakfast Room
- Formal Dining Room
- Den
- Storage Room
- Laundry Room
- Utility Room
- Skyline Views
- Intercom
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Self-Cleaning Oven
- Microwave
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Marble
Bedrooms and Bathrooms
- 2 Bedrooms
- En-Suite Primary Bedroom
- Walk-In Closet
- Dressing Area
- In-Law or Guest Suite
- 3 Full Bathrooms
- Jetted Tub in Primary Bathroom
- Separate Shower
Outdoor Features
- Deck
Schools
- Thomasjeff Elementary School
- Frelghuysn Middle School
- Morristown High School
Utilities
- Forced Air Heating and Cooling System
- Two Cooling Systems Mounted To A Wall/Window
- Multiple Heating Units
- Underground Utilities
- Water Filtration System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 2324-06004-0000-00001-0705-
- Tax Block *
Community Details
Overview
- Association fees include maintenance-common area, maintenance-exterior, snow removal, trash collection
- High-Rise Condominium
Amenities
- Clubhouse
- Billiard Room
- Elevator
Recreation
- Fitness Center
Pet Policy
- Pets Allowed
Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2021
Closed on
Jul 7, 2021
Sold by
Bearman Sheila A and Lurie Lynda B
Bought by
Barbara A Pelson 2012 Irrevocable Trust
Seller's Agent
EUGENE KEVIN LONG
WEICHERT REALTORS
Buyer's Agent
Michael Lattmann
KL SOTHEBY'S INT'L. REALTY
List Price
$1,737,000
Sold Price
$1,725,000
Premium/Discount to List
-$12,000
-0.69%
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
$618,350
Avg. Annual Appreciation
7.53%
Purchase Details
Closed on
Feb 16, 2021
Sold by
Bearman Sheila A
Bought by
Bearman Sheila A and Bearman Family Trust
Purchase Details
Closed on
Aug 31, 2020
Sold by
Hill Christie A and Kendall Gregory A
Bought by
Bearman Sheila
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 |
|---|---|---|---|
| Barbara A Pelson 2012 Irrevocable Trust | $1,725,000 | Stewart Title | |
| Barbara A Pelson 2012 Irrevocable Trust | $1,725,000 | Stewart Title | |
| Bearman Sheila A | -- | None Available | |
| Bearman Family Trust | -- | None Listed On Document | |
| Bearman Sheila | $1,737,500 | Acres Land Title Agency Inc | |
| Bearman Sheila | $1,737,500 | Chicago Title |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/30/2021 07/30/21 | Sold | $1,725,000 | -0.7% | $635 / Sq Ft |
| 05/21/2021 05/21/21 | Pending | -- | -- | -- |
| 04/12/2021 04/12/21 | For Sale | $1,737,000 | -- | $640 / 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 | $29,958 | $1,902,100 | $875,000 | $1,027,100 |
| 2024 | $41,992 | $1,902,100 | $875,000 | $1,027,100 |
| 2023 | $41,992 | $1,445,000 | $1,200,000 | $245,000 |
| 2022 | $41,500 | $1,445,000 | $1,200,000 | $245,000 |
| 2021 | $41,500 | $1,445,000 | $1,200,000 | $245,000 |
| 2020 | $41,659 | $1,445,000 | $1,200,000 | $245,000 |
| 2019 | $41,645 | $1,445,000 | $1,200,000 | $245,000 |
| 2018 | $41,110 | $1,445,000 | $1,200,000 | $245,000 |
| 2017 | $39,882 | $1,445,000 | $1,200,000 | $245,000 |
| 2016 | $38,856 | $1,445,000 | $1,200,000 | $245,000 |
| 2015 | $37,931 | $1,445,000 | $1,200,000 | $245,000 |
| 2014 | $37,512 | $1,200,000 | $1,200,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Michael Lattmann
Buyer's Agent in 2021
Michael Lattmann
KL SOTHEBY'S INT'L. REALTY
(908) 672-3930
1 in this area
6 Total Sales
Map
Source: Garden State MLS
MLS Number: 3704633
APN: 24-06004-0000-00001-705
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