NOT LISTED FOR SALE

5 Center Ave Morristown, NJ 07960

Estimated Value: $462,369

1 Bed
1 Bath
340 Sq Ft
$225/mo HOA Fee

Last Sold April 03, 2020

Last sale price $250,000 $735 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $3,248/month

18 Days on Market

Highlights

  • Cathedral Ceiling
  • Loft
  • Walk-In Closet
  • Hillcrest School Rated A-
  • Thermal Windows
  • Patio

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 BATH. Spiral 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 REALTY Listed on: 02/03/2020

COLDWELL BANKER REALTY

Last Buyer's Agent

Michelle Daniher

COMPASS NEW JERSEY, LLC

COMPASS NEW JERSEY, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,255

Year Built

  • Built in 1985 | Remodeled

Lot Details

  • 1,307

HOA Fees

  • $225 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Tile

Interior Spaces

  • 340 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Track Lighting
  • Thermal Windows
  • Blinds
  • Family or Dining Combination
  • Loft
  • Storage Room
  • Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom
  • Primary bedroom located on second floor
  • Walk-In Closet
  • 1 Full Bathroom

Home Security

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Parking Lot

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2322-03903-0000-00012-0000-C0002
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal, trash collection

Pet Policy

  • Pets Allowed

Additional Features

  • Community Storage Space
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,255

Year Built

Built in 1985 | Remodeled

Lot Details

0

HOA Fees

$225 per month

Listing Details

  • Style: Multi Floor Unit
  • Primary Style: Multi Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1985
  • Year Built Description: Renovated
  • County Name: Morris
  • Exclusions: No Exclusions
  • Renovated Year: 2019
  • Street Number Display: 5
  • Directions: From the Green...Right on Washington, (Pass Courthouse), Left on Western, Right on Searling to End, Left on Center. Unit 2 is on the Front Right Side.
  • I D: 4958206
  • Modified: 2021-09-23
  • Number Images: 21
  • First Name: MICHELLE
  • First Name3: MICHELLE
  • Last Name: ESPOSITO
  • Last Name3: DANIHER
  • Special Features: None
  • Property Sub Type: Condos
  • Year Renovated: 2019

Interior Features

  • Flooring: Carpeting, Laminate, Tile
  • Appliances: Dishwasher, Microwave Oven, Range/Oven-Gas, Refrigerator, Self Cleaning Oven, Stackable Washer/Dryer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Cathedral Ceiling, Fire Extinguisher, Smoke Detector, Track Lighting, TubShowr, Walk-In Closet
  • Number Rooms: 4
  • Bedrooms: 1
  • Master Bedroom Desc: Walk-In Closet
  • Bedroom 1 Level: Second
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Full, Unfinished
  • Basement Level Rooms: Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Not Eat-In Kitchen
  • Kitchen Level: First
  • Living Room Level: First
  • Level 1 Rooms: Bath Main, Kitchen, LivDinRm
  • Level 2 Rooms: 1 Bedroom, Loft
  • Estimated Sq Ft: 340
  • Phone: 973-838-9300

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Barbeque, Curbs, Patio, Sidewalk, Thermal Windows/Doors
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Parking Driveway Description: Blacktop, Common, Parking Lot-Shared

Utilities

  • Cooling: 1 Unit, Ceiling Fan, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Storage
  • Association Maintenance Fee: 225
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection

Lot Info

  • Lot Size: 0.034 AC
  • Assessed Improvement Value: 57600
  • Assessed Land Value: 120000
  • Assessment: 177600
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 12
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.03
  • Zoning: RB7

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: 3255
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2322-03903-0000-00012-0000-C0002
  • Assessor Parcel Number: *
  • Tax Rate Amount: 1.833
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2019
Closed on
Jul 11, 2019
Sold by
Ricca Victoria and Ricca Joseph L
Bought by
Hogan Sean E and Kugelman Paige N
Seller's Agent
Christine Altamuro
KELLER WILLIAMS METROPOLITAN
Buyer's Agent
Tom Heyl
KELLER WILLIAMS REALTY
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%
Current Estimated Value
$462,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,369
Avg. Annual Appreciation
11.20%
Original Mortgage
$281,250
Outstanding Balance
$249,022
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$212,231

Purchase Details

Closed on
Nov 30, 2004
Sold by
Joe Wendy
Bought by
Barbetta Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,970
Interest Rate
5.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2004
Sold by
Frischholz Hans
Bought by
Carey Ian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,400
Interest Rate
5.36%
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
Hogan Sean E $312,500 Nrt Title Agency Llc
Barbetta Philip $290,000 --
Carey Ian $273,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hogan Sean E $281,250
Previous Owner Wise Glenn H $38,000
Previous Owner Wise Glenn H $254,970
Previous Owner Carey Ian $218,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2020 04/03/20 Sold $250,000 -5.7% $735 / Sq Ft
03/11/2020 03/11/20 Sold $265,000 0.0% --
03/11/2020 03/11/20 Pending -- -- --
03/11/2020 03/11/20 For Sale $265,000 +6.0% --
02/21/2020 02/21/20 Pending -- -- --
02/03/2020 02/03/20 For Sale $250,000 +2.0% $735 / Sq Ft
08/02/2019 08/02/19 Sold $245,000 -21.6% --
07/12/2019 07/12/19 Sold $312,500 -0.8% --
06/12/2019 06/12/19 Pending -- -- --
06/01/2019 06/01/19 For Sale $315,000 +26.0% --
05/31/2019 05/31/19 Pending -- -- --
05/14/2019 05/14/19 For Sale $250,000 -20.6% --
05/08/2019 05/08/19 Pending -- -- --
04/23/2019 04/23/19 For Sale $315,000 +41.3% --
05/31/2016 05/31/16 Sold $223,000 -9.0% --
04/25/2016 04/25/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $245,000 -7.5% --
12/17/2015 12/17/15 Sold $265,000 -- --
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
2024 -- $0 $0 $0
2022 -- $0 $0 $0
2021 $18,137 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3613692

Garden State MLS

APN: 22-03903-0000-00012