NOT LISTED FOR SALE

5 Center Ave Unit 2 Morristown, NJ 07960

Estimated Value: $242,684 - $388,000

1 Bed
1 Bath
532 Sq Ft
1,481 Sq Ft Lot

Last Sold April 03, 2020

Last sale price $250,000 $470 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,111/month

18 Days on Market

Highlights

  • Property is near a park
  • Patio
  • Central Air
  • Hillcrest School Rated A-
  • Storage
  • Washer and Dryer

About This Home

As of April 2020

TWO STORY URBAN LOFT-SYLE CONDO IN A CONVERTED SCHOOLHOUSE. MULTI-FLOOR UNIT WITH CATHEDRAL CEILING, NEWLY RENOVATED KITCHEN WITH UPDATED STAINLESS STEEL APPLIANCES AND RENOVATED BATHSpiral Staircase to Loft Bedroom with Large Organized Walk-in Closet, Washer/Dryer in Unit, Freshly Painted, Natural Gas Heat, Central Air Conditioning (2018), Low HOA fees, Low Utility Bills, Low Taxes. Conveniently Located in a Quiet Neighborhood and Less than One Mile from Downtown Morristown... Restaurants, Mayo Performing Arts Center, Shopping, Whole Foods Market. Close to NYC Direct Train, Major Highways, Parks, Town Pool, Morris County Golf. Plenty of Parking, Shared Patio for Entertaining and Barbecues. Access to Basement with Locked Storage Area.

Last Agent to Sell the Property

Michelle Esposito

Coldwell Banker, Kinnelon/Butler Listed on: 02/04/2020

Coldwell Banker, Kinnelon/Butler

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,255

Lot Details

  • 1,481

Home Design

  • Built in the 1980s
  • Condominium

Interior Spaces

  • Storage
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven or Range
  • <<selfCleaningOvenToken>>
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops

Utilities

  • Central Air
  • Heating System Uses Gas

Additional Features

  • Patio
  • Sprinkler System

Listing and Financial Details

  • Assessor Parcel Number 142203903 00012 0002

Community Details

Overview

  • $225 Maintenance Fee
  • Maintenance fee includes Snow & Trash Removal
  • Association Phone (973) 838-4490
  • Property managed by Hillside School Cond

Amenities

  • Common Area

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,255

Lot Details

0

Listing Details

  • Property Short: CCT
  • Sub-Style: Condo
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
  • Views/Exposure: None
  • Year Built: 1980's, 2000's, Renovated
  • Miscellaneous: Basement, Patio/Deck
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances Included: Dishwasher, Microwave, Ov/Rg/Gas, Refrigerator, Self Cleaning Oven, Washer/Dryer
  • Fireplace: None
  • Bedrooms: 1
  • Total Bathrooms: 1.00
  • Primary Bathroom: N
  • Full Bathrooms: 1
  • Basement: Full, Storage, Unfinished
  • Laundry: In Unit
  • Items Not Included: No Exclusions
  • Items Included: DW, Range-Oven/Gas, Micro, Refrigerator,W/D

Exterior Features

  • Waterfront: None

Garage/Parking

  • Garage: None

Utilities

  • Heating: Gas, Hot Air
  • Sewer: Municipal
  • Water Source: Municipal
  • Cooling: Central Air

Condo/Co-op/Association

  • Condo Number: 0002

Association/Amenities

  • Maintenance Charges: 225.00
  • Maintenance Included Description: Snow & Trash Removal
  • Mgmt Company: Hillside School Cond
  • Management Phone: (973) 838-4490

Lot Info

  • County Name: MORRIS
  • Lot: 00012

Rental Info

  • Pets: Pets Ok

Tax Info

  • Tax: 3255
  • Assessor Parcel Number: 142203903 00012 0002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2020
Closed on
Apr 1, 2020
Sold by
Kammer James F
Bought by
Penn Thomas Ryan
Seller's Agent
Michelle Esposito
Coldwell Banker, Kinnelon/Butler
Buyer's Agent
Outside Agent
Outside Office
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$328,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,421
Avg. Annual Appreciation
5.29%
Original Mortgage
$200,000
Outstanding Balance
$178,455
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$149,966

Purchase Details

Closed on
Jun 28, 2007
Sold by
Horn Michael J and Horn Sonia
Bought by
Kammer James F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,900
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2001
Sold by
Gregorio John
Bought by
Horn Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.86%
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
Penn Thomas Ryan $250,000 First American Title
Kammer James F $219,900 Todays Title Insurance Agenc
Horn Michael $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Penn Thomas Ryan $200,000
Previous Owner Kammer James F $172,240
Previous Owner Kammer James F $178,000
Previous Owner Kammer James F $175,900
Previous Owner Horn Michael $96,000
Previous Owner Gregorio John C $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2020 04/03/20 Sold $250,000 0.0% $470 / Sq Ft
02/22/2020 02/22/20 Pending -- -- --
02/04/2020 02/04/20 For Sale $250,000 -- $470 / 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 $3,561 $177,600 $120,000 $57,600
2023 $3,561 $177,600 $120,000 $57,600
2022 $3,396 $177,600 $120,000 $57,600
2021 $3,396 $177,600 $120,000 $57,600
2020 $3,307 $177,600 $120,000 $57,600
2019 $3,255 $177,600 $120,000 $57,600
2018 $3,220 $177,600 $120,000 $57,600
2017 $3,199 $177,600 $120,000 $57,600
2016 $3,149 $177,600 $120,000 $57,600
2015 $2,485 $98,000 $48,000 $50,000
2014 $2,453 $98,000 $48,000 $50,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michelle Esposito

    Coldwell Banker, Kinnelon/Butler

    Section Image

  • O

    Buyer's Agent in 2020

    Outside Agent

    Outside Office

See All Agents

Map

Source: New Jersey MLS

MLS Number: 20004778

New Jersey MLS

APN: 22-03903-0000-00012-0000-C0002

New Jersey Morris County Morristown 07960

5 Center Ave Unit 2, Morristown, NJ

This home is located at 5 Center Ave Unit 2, Morristown, NJ 07960 since 04 February 2020 and is currently estimated at $328,421, approximately $617 per square foot. 5 Center Ave Unit 2 is a home located in Morris County with nearby schools including Hillcrest School, Alfred Vail School, and Thomas Jefferson School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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