$845,000
SOLD JUL 1, 2025

42 Colgate Dr Morristown, NJ 07960

3 Beds
3.5 Baths
2,210 Sq Ft
828 Sq Ft Lot

Recently Sold

$382 Per Sq Ft

30 Days on Market

About This Home

As of July 2025

Newly built townhouse offers all the luxury living space you can desire! This corner townhome was built in 2020 ( appr. 2300sqft) with 3 bedrooms and 3.1 baths. Three levels of living space enables for comfort privacy in your own home! As you enter the home, you are welcomed by steps that lead to the main open concept floor of the living area. Ungraded kitchen offers a large center island with granite counter, high end appliances and recessed lighting with access to the deck that offers beautiful views of Morristown. The living and dining room are an open concept with a spacious living space. The above second level offers the bedrooms: master bedroom with attached walk-in closet and full bathroom. Two additional large bedrooms, main bathroom and a laundry room located on the same floor for your convenience. The ground level is great for entertainment with a spacious family room and full bathroom that leads to a usable backyard! 2 car garage with a 2-car width driveway. Entire house was professionally painted and professionally cleaned! Let's mention this property has a 26 year tax abatement left - BUYERS THAT MEANS LOW TAXES !! The beauty of this townhome is all the greenery around you! The Collection of Morristown is located near shopping center/restaurants/schools/ highways, and most important trains leading to NYC. Don't miss out on this home, it will not last!

Last Agent to Sell the Property

Marisa Mucka

EXP Realty, LLC Listed on: 06/01/2025

EXP Realty, LLC

Last Buyer's Agent

Marisa Mucka

EXP Realty, LLC Listed on: 06/01/2025

EXP Realty, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,300

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,300

Lot Details

0

Listing Details

  • Property Type: Residential
  • Ownership: Private
  • PropertySubType: Townhouse
  • Co List Office Phone: 866-201-6210
  • MLS Status: Sold - Sold
  • Directions: East Hanover Ave to Mennen Drive to Colgate
  • Year Built Details: 2020's
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Basement: None
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Primary Bathroom: Yes
  • Laundry: In Unit

Exterior Features

  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Lot Info

  • Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2025
Closed on
Jun 27, 2025
Sold by
Lau Derek and Wong Linda
Bought by
Lin Rouchia
Seller's Agent
MARISA MUCKA
EXP REALTY, LLC
Buyer's Agent
MARISA MUCKA
EXP REALTY, LLC
List Price
$859,000
Sold Price
$845,000
Premium/Discount to List
-$14,000
-1.63%
Views
53

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.33%

Purchase Details

Closed on
Jun 22, 2022
Sold by
Gervis Keith S and Gervis Julia S
Bought by
Lau Derek and Wong Linda

Purchase Details

Closed on
May 16, 2022
Sold by
Lennar Colgate Urban Renewal Development
Bought by
Collection At Morristown Condominium Associat

Purchase Details

Closed on
Mar 15, 2020
Sold by
Lennar Colgate Urban Renwal Dev Llc
Bought by
Gervis Keith S and Velric Julia S
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 Type Sale Price Title Company
Bargain Sale Deed $845,000 Stewart Title Guaranty Company
Bargain Sale Deed $845,000 Stewart Title Guaranty Company
Deed $750,000 Veloric Kathie R
Special Master Deed -- None Listed On Document
Deed $625,000 Calatlantic Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Sold $845,000 -1.6% $382 / Sq Ft
07/01/2025 07/01/25 Pending -- -- --
06/01/2025 06/01/25 For Sale $859,000 -- $389 / Sq Ft
Source: New Jersey 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 -- $598,800 $170,000 $428,800
2023 -- $62,800 $62,800 $0
2022 -- $62,800 $62,800 $0
2021 $1,169 $62,800 $62,800 $0
2020 $1,169 $62,800 $62,800 $0
2019 $1,151 $62,800 $62,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 25018611

New Jersey MLS