$455,000
SOLD JAN 10, 2025

49 Lake Rd Morristown, NJ 07960

3 Beds
2 Baths
1,232 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$369 Per Sq Ft

9% Below List Price

27 Days on Market

About This Home

As of January 2025

This home is located at 49 Lake Rd, Morristown, NJ 07960 and is currently priced at $455,000, approximately $369 per square foot. This property was built in 1921. 49 Lake Rd is a home located in Morris County with nearby schools including Hillcrest School, Thomas Jefferson School, and Sussex Avenue School.

Last Agent to Sell the Property

Nicole Palmeri

RE/MAX SELECT Brokerage Phone: 908-233-9292 Listed on: 10/11/2024

RE/MAX SELECT

Last Buyer's Agent

SYLVIA WEI LIN

ELITE REALTORS OF NEW JERSEY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,563

Year Built

  • Built in 1921

Lot Details

  • 5,227 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,563

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Year Built: 1921
  • County Name: Morris
  • Street Number Display: 49
  • I D: 5318505
  • Modified: 2025-01-11
  • Number Images: 0
  • Attribution Contact: 908-233-9292
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 1.10

Lot Info

  • Lot Size: 50X100
  • Total Acres: 0.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2024
Closed on
Jan 10, 2025
Sold by
Burroughs Shari and Cousin Carl S
Bought by
Zhang Qin
Seller's Agent
Nicole Palmeri
RE/MAX SELECT
Buyer's Agent
SYLVIA WEI LIN
ELITE REALTORS OF NEW JERSEY
List Price
$499,999
Sold Price
$455,000
Premium/Discount to List
-$44,999
-9%
Views
103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.66%
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 Type Sale Price Title Company
Bargain Sale Deed $455,000 None Listed On Document
Bargain Sale Deed $455,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2025 09/28/25 Price Changed $628,000 -7.4% --
09/20/2025 09/20/25 For Sale $678,000 0.0% --
09/19/2025 09/19/25 Off Market $678,000 -- --
09/18/2025 09/18/25 For Sale $678,000 +49.0% --
01/10/2025 01/10/25 Sold $455,000 -9.0% $369 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
10/11/2024 10/11/24 For Sale $499,999 -- $406 / 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 $8,563 $543,700 $319,700 $224,000
2024 $8,494 $543,700 $319,700 $224,000
2023 $8,494 $292,300 $203,800 $88,500
2022 $7,092 $292,300 $203,800 $88,500
2021 $7,092 $292,300 $203,800 $88,500
2020 $8,427 $292,300 $203,800 $88,500
2019 $8,424 $292,300 $203,800 $88,500
2018 $8,316 $292,300 $203,800 $88,500
2017 $8,067 $292,300 $203,800 $88,500
2016 $7,860 $292,300 $203,800 $88,500
2015 $7,673 $292,300 $203,800 $88,500
2014 $7,588 $292,300 $203,800 $88,500
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2025

    SYLVIA WEI LIN

    ELITE REALTORS OF NEW JERSEY

  • Nicole Palmeri

    Seller's Agent in 2025

    Nicole Palmeri

    RE/MAX

    (908) 217-1264

    3 in this area

    130 Total Sales

    Nicole Palmeri
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3929099

Garden State MLS

APN: 24-03003-0000-00029

New Jersey Morris County Morristown 07960

49 Lake Rd, Morristown, NJ

This home is located at 49 Lake Rd, Morristown, NJ 07960 and is currently priced at $455,000, approximately $369 per square foot. This property was built in 1921. 49 Lake Rd is a home located in Morris County with nearby schools including Hillcrest School, Thomas Jefferson School, and Sussex Avenue School.

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