NOT LISTED FOR SALE

48 Independence Way Morristown, NJ 07960

Estimated Value: $711,000 - $782,000

3 Beds
3 Baths
1,712 Sq Ft
$430/Sq Ft Est. Value

Last Sold September 22, 2014

Last sale price $460,000 $269 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $4,652/month

About This Home

As of September 2014

This home is located at 48 Independence Way, Morristown, NJ 07960 since 22 September 2014 and is currently estimated at $735,980, approximately $429 per square foot. This property was built in 1981. 48 Independence Way is a home located in Morris County with nearby schools including Hillcrest School, Thomas Jefferson School, and Alexander Hamilton School.

Last Agent to Sell the Property

Frederick Corona

COLDWELL BANKER REALTY Brokerage Phone: 973-543-2552 Listed on: 09/22/2014

COLDWELL BANKER REALTY

Co-Listed By

SUSAN EAGAN

COLDWELL BANKER REALTY Brokerage Phone: 973-543-2552

Last Buyer's Agent

Smitha Ramchandani

CHRISTIE'S INT. REAL ESTATE GROUP

CHRISTIE'S INT. REAL ESTATE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,133

Year Built

  • Built in 1981

Lot Details

  • 2,178 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,133

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Year Built: 1981
  • County Name: Morris
  • Street Number Display: 48
  • I D: 4448671
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 973-543-2552
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.10

Lot Info

  • Total Acres: 0.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2014
Closed on
Sep 22, 2014
Sold by
Gerdau Patricia M Motamed and Gerdau Richard J
Bought by
Ramchandani Rahul and Ramchandani Smitha
Seller's Agent
Frederick Corona
COLDWELL BANKER REALTY
Buyer's Agent
Smitha Ramchandani
CHRISTIE'S INT. REAL ESTATE GROUP
Sold Price
$460,000
Current Estimated Value
$735,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,980
Avg. Annual Appreciation
4.33%
Original Mortgage
$322,000
Outstanding Balance
$246,239
Interest Rate
4.11%
Mortgage Type
New Conventional
Estimated Equity
$489,741

Purchase Details

Closed on
Aug 10, 2004
Sold by
Moran William
Bought by
Gerdau Richard and Gerdau Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.08%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ramchandani Rahul $460,000 Chicago Title Insurance Co
Gerdau Richard $445,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramchandani Rahul $322,000
Previous Owner Gerdau Richard $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2014 09/22/14 Sold $460,000 -- $269 / 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 $9,133 $456,200 $242,600 $213,600
2024 $9,147 $456,200 $242,600 $213,600
2023 $9,147 $456,200 $242,600 $213,600
2022 $8,723 $456,200 $242,600 $213,600
2021 $8,723 $456,200 $242,600 $213,600
2020 $8,494 $456,200 $242,600 $213,600
2019 $8,362 $456,200 $242,600 $213,600
2018 $8,271 $456,200 $242,600 $213,600
2017 $8,216 $456,200 $242,600 $213,600
2016 $8,088 $456,200 $242,600 $213,600
2015 $7,862 $310,000 $120,000 $190,000
2014 $7,759 $310,000 $120,000 $190,000
Source: Public Records

Agents Affiliated with this Home

  • Frederick Corona

    Seller's Agent in 2014

    Frederick Corona

    COLDWELL BANKER REALTY

    (973) 715-2914

    Frederick Corona
    Section Image

  • S

    Seller Co-Listing Agent in 2014

    SUSAN EAGAN

    COLDWELL BANKER REALTY

  • Smitha Ramchandani

    Buyer's Agent in 2014

    Smitha Ramchandani

    CHRISTIE'S INT. REAL ESTATE GROUP

    (973) 615-6504

    35 in this area

    233 Total Sales

    Smitha Ramchandani
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3142540

Garden State MLS

APN: 22-08705-0000-00022

New Jersey Morris County Morristown 07960

48 Independence Way, Morristown, NJ

This home is located at 48 Independence Way, Morristown, NJ 07960 since 22 September 2014 and is currently estimated at $735,980, approximately $429 per square foot. This property was built in 1981. 48 Independence Way is a home located in Morris County with nearby schools including Hillcrest School, Thomas Jefferson School, and Alexander Hamilton School.

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