NOT LISTED FOR SALE

48 Bailey Hollow Rd Morristown, NJ 07960

Estimated Value: $1,146,000 - $1,265,000

4 Beds
2.5 Baths
3,301 Sq Ft
$372/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $880,000 $267 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $7,977/month

65 Days on Market

Highlights

  • 3.12 Acre Lot
  • Colonial Architecture
  • Family Room with Fireplace
  • Hillcrest School Rated A-
  • Deck
  • Recreation Room

About This Home

As of October 2021

Rare to the Morristown market, this elegant custom Tudor sits on a 3-acre private parklike setting adjacent to Jockey Hollow National Park. The house backs to a babbling brook and protected open space with newly built trails. Stunning views from a heated sunroom and generous deck. Equally beautiful is the front of the house with an expansive circular driveway, paver walkway, and Fieldstone facade. Stepping into the open 2-story foyer, there's a library loft with a spiral staircase, beam ceiling in the living room, inlaid hardwood, granite, and slate floors. Finished walk-out basement, oversized 2 car garage, and full house natural gas generator. Lovingly maintained and updated. Morristown Green with Midtown Direct trains is located within 3 miles.

Last Agent to Sell the Property

RICHARD M. HOPEN

COMPASS NEW JERSEY, LLC Listed on: 06/10/2021

Last Buyer's Agent

Jih-Chung Lin

REDFIN CORPORATION

REDFIN CORPORATION

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,002

Year Built

  • Built in 1982

Lot Details

  • 3.12 Acre Lot
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Private Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Wood Shingle Roof
  • Stone Siding

Interior Spaces

  • 3,301 Sq Ft Home
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Sun or Florida Room
  • Storage Room
  • Utility Room
  • Fire and Smoke Detector
  • Attic
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Butlers Pantry
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Well
  • Gas Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 2322-05004-0000-00001-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,002

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1982
  • Year Built Description: Approximate
  • County Name: Morris
  • Exclusions: Personal Items
  • Street Number Display: 48
  • Directions: Google
  • I D: 5079007
  • Modified: 2022-10-02
  • Number Images: 25
  • Section Subdiv Development: Jockey Hollow
  • First Name: RICHARD M.
  • First Name3: JIH-CHUNG
  • Last Name: HOPEN
  • Last Name3: LIN
  • Office Phone: 297016
  • Office Phone3: 201-646-5774
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Description: Family Room, Living Room
  • Number of Fireplaces: 3
  • Appliances: Dishwasher, Dryer, Microwave Oven, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Beam Ceilings, Cathedral Ceiling, Smoke Detector, StallShw, TubShowr, Walk-In Closet
  • Number Rooms: 10
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Jetted Tub, Stall Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished
  • Basement Level Rooms: Rec Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Eat-In Kitchen, Pantry, Separate Dining Area
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Rec Room
  • Other Room1 Level: Basement
  • Other Room 2: Laundry Room
  • Other Room2 Level: First
  • Level 1 Rooms: Dining Room, Family Room, Foyer, Kitchen, Laundry Room, Living Room, Pantry, Powder Room, Sunroom
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Attic
  • Estimated Sq Ft: 3301
  • Phone: 609-216-7035

Exterior Features

  • Exterior Description: Brick, Stone, Stucco, Wood Shingle
  • Exterior Features: Deck
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener
  • Number Garage Spaces: 2
  • Parking Driveway Description: Blacktop, Driveway-Exclusive

Utilities

  • Cooling: Ceiling Fan, Central Air, Multi-Zone Cooling
  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air, Multi-Zone
  • Sewer: Septic
  • Utilities: Gas-Natural
  • Water: Well
  • Water Heater: Gas

Lot Info

  • Lot Size: 3.1236 AC
  • Assessed Improvement Value: 478300
  • Assessed Land Value: 327400
  • Assessment: 805700
  • Easement: Unknown
  • Lot Description: Wooded Lot
  • Lot Identifier: 1
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 3.12

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 15002
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2322-05004-0000-00001-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 1.862
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Sep 29, 2021
Sold by
Arora Ajay and Verma Arora Preeti
Bought by
Hahn Ashley V
Seller's Agent
RICHARD M. HOPEN
COMPASS NEW JERSEY, LLC
Buyer's Agent
Jih-Chung Lin
REDFIN CORPORATION
List Price
$889,000
Sold Price
$880,000
Premium/Discount to List
-$9,000
-1.01%
Current Estimated Value
$1,226,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,866
Avg. Annual Appreciation
7.30%
Original Mortgage
$822,375
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2004
Sold by
Spengeman Dinald
Bought by
Arora Ajay and Arora Preeti Verma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
5.56%
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
Hahn Ashley V $880,000 Old Republic Title
Arora Ajay $850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hahn Ashley V $822,375
Previous Owner Arora Ajay $580,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $880,000 -1.0% $267 / Sq Ft
08/22/2021 08/22/21 Pending -- -- --
08/02/2021 08/02/21 For Sale $889,000 0.0% $269 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
07/01/2021 07/01/21 Price Changed $889,000 -10.2% $269 / Sq Ft
06/17/2021 06/17/21 For Sale $990,000 -- $300 / 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
2025 $16,130 $805,700 $327,400 $478,300
2024 $16,154 $805,700 $327,400 $478,300
2023 $16,154 $805,700 $327,400 $478,300
2022 $15,405 $805,700 $327,400 $478,300
2021 $15,405 $805,700 $327,400 $478,300
2020 $15,002 $805,700 $327,400 $478,300
2019 $14,768 $805,700 $327,400 $478,300
2018 $14,607 $805,700 $327,400 $478,300
2017 $14,511 $805,700 $327,400 $478,300
2016 $14,285 $805,700 $327,400 $478,300
2015 $14,237 $561,400 $218,700 $342,700
2014 $14,052 $561,400 $218,700 $342,700
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    RICHARD M. HOPEN

    COMPASS NEW JERSEY, LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3719124

Garden State MLS

APN: 22-05004-0000-00001

New Jersey Morris County Morristown 07960

48 Bailey Hollow Rd, Morristown, NJ

This home is located at 48 Bailey Hollow Rd, Morristown, NJ 07960 since 10 June 2021 and is currently estimated at $1,226,866, approximately $371 per square foot. This property was built in 1982. 48 Bailey Hollow Rd is a home located in Morris County with nearby schools including Hillcrest School, Thomas Jefferson School, and Alexander Hamilton School.

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