NOT LISTED FOR SALE

5 Drake Ct Boonton, NJ 07005

Estimated Value: $944,000 - $1,187,000

3 Beds
2 Baths
2,418 Sq Ft
$435/Sq Ft Est. Value

Last Sold June 24, 2021

Last sale price $755,000 $312 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $7,231/month

4 Days on Market

Highlights

  • Custom Home
  • 4.62 Acre Lot
  • Wooded Lot
  • Rockaway Valley Elementary School Rated A-
  • Deck
  • Cathedral Ceiling

About This Home

As of June 2021

Come home to this one of kind, stunning custom colonial nestled on 5 private acres and surrounded by 2M dollar homes. The renovated, open concept kitchen overlooks a formal dining area and expansive light filled Great room with cathedral ceilings and WB fireplace. The 14x20 foot sunroom is an ideal place for morning coffee or to curl up with a good book at bedtime. Hard to find first floor bedroom w/ full bath is perfect for guests.There is an expertly finished walk out lower level which offers an additional 650 sq. ft. of living space. Multiple oversized outdoor spaces are lushly appointed and overlook the magnificent property. 3 car garage wi/ side entry. Quality construction with architectural details throughout. Cut de sac off a private rd. located in bucolic Boonton Twsp with top rated MOUNTAIN LAKES HS

Last Agent to Sell the Property

ALISON B. STEWART

WEICHERT REALTORS Listed on: 04/05/2021

Last Buyer's Agent

ALISON B. STEWART

WEICHERT REALTORS Listed on: 04/05/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,940

Year Built

  • Built in 2000 | Remodeled

Lot Details

  • 4.62 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Wooded Lot

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener

Home Design

  • Custom Home
  • Colonial Architecture
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Thermal Windows
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Loft
  • Sun or Florida Room
  • Storage Room

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Schools

  • Rockawayvl Elementary School
  • Mountain Lakes High School

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Zoned Heating and Cooling System
  • Standard Electricity
  • Well

Community Details

  • Association fees include snow removal

Listing and Financial Details

  • Assessor Parcel Number 2302-30501-0000-00007-0001-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,940

Year Built

Built in 2000 | Remodeled

Lot Details

0

HOA Fees

$125 per month

Parking

3

Listing Details

  • Style: Colonial, Custom Home
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2000
  • Year Built Description: Approximate, Renovated
  • County Name: Morris
  • Easements Description: utility
  • Exclusions: Dining Room Chandelier
  • Renovated Year: 2016
  • Street Number Display: 5
  • Directions: Powerville Rd. to West Hill to Drake. Home on left at top of hill.
  • I D: 5060185
  • Modified: 2022-06-25
  • Number Images: 24
  • First Name: ALISON B.
  • First Name3: ALISON B.
  • First Name4: CHRISTINA
  • Last Name: STEWART
  • Last Name3: STEWART
  • Last Name4: DIMARTINO
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2016

Interior Features

  • Flooring: Carpeting, Wood
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Electric, Refrigerator, Washer
  • Interior Amenities: Cathedral Ceiling
  • Number Rooms: 10
  • Bedrooms: 3
  • Master Bedroom Desc: Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: First
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished, Full, Walkout
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: Ground
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Dim: 12x16
  • Kitchen Level: First
  • Living Room Dim: 16x23
  • Living Room Level: First
  • Other Room 1: Sunroom
  • Other Room1 Dim: 14x20
  • Other Room1 Level: First
  • Other Room 2: Loft
  • Other Room2 Level: Second
  • Other Room 3: Laundry Room
  • Other Room3 Level: First
  • Level 1 Rooms: 1 Bedroom, Bath(s) Other, Dining Room, Kitchen, Laundry Room, Living Room, Sunroom
  • Level 2 Rooms: 2 Bedrooms, Bath Main, Loft
  • Ground Level Rooms: Family Room, Storage Room, Walkout
  • Phone: 973-543-6511

Exterior Features

  • Exterior Description: Stone, Vinyl Siding
  • Exterior Features: Deck, Enclosed Porch(es), Open Porch(es), Patio, Thermal Windows/Doors
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Loft Storage, Oversize Garage
  • Number Garage Spaces: 3
  • Parking Driveway Description: Blacktop

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: OilAbIn
  • Heating: 1 Unit, Baseboard - Hotwater, Multi-Zone
  • Sewer: Septic 4 Bedroom Town Verified
  • Utilities: Electric
  • Water: Well

Condo/Co-op/Association

  • Association Maintenance Fee: 1500
  • Association Maintenance Fee Frequency: Annually
  • Association Maintenance Fee Includes: Snow Removal

Schools

  • Elementary School: RockawayVL
  • High School: Mountain Lakes
  • High School: Mountain Lakes

Lot Info

  • Lot Size: 4.620 AC
  • Assessed Improvement Value: 354500
  • Assessed Land Value: 324700
  • Assessment: 679200
  • Easement: Yes
  • Lot Description: Cul-De-Sac, Private Road, Wooded Lot
  • Lot Identifier: 7.01
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 4.62
  • Zoning: residential

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 15940
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2302-30501-0000-00007-0001-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.347
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: RockawayVL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2021
Closed on
Jun 21, 2021
Sold by
Carbonello Gary and Carbonello Karen
Bought by
Toledo Craig and Kekelia Iza
Seller's Agent
ALISON B. STEWART
WEICHERT REALTORS
Buyer's Agent
ALISON B. STEWART
WEICHERT REALTORS
List Price
$749,000
Sold Price
$755,000
Premium/Discount to List
$6,000
0.8%
Current Estimated Value
$1,052,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,039
Avg. Annual Appreciation
6.25%
Original Mortgage
$604,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2004
Sold by
Barrett Bradley
Bought by
Jones Richard and Jones Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.99%

Purchase Details

Closed on
Jun 9, 1999
Sold by
Barrett Bonnie F
Bought by
Barrett Bradley R and Barrett Bonnie F
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Toledo Craig $755,000 Welchert Title Group
Toledo Craig $755,000 Weichert Title
Jones Richard $700,000 --
Barrett Bradley R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Toledo Craig $604,000
Previous Owner Carbonello Gary $689,830
Previous Owner Carbonello Gary $195,000
Previous Owner Carbonello Gary $155,000
Previous Owner Carbonello Gary $100,000
Previous Owner Carbonello Gary $50,000
Previous Owner Carbonello Gary $410,000
Previous Owner Jones Richard $500,000
Previous Owner Barrett Bradley R $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2021 06/24/21 Sold $755,000 +0.8% $312 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
04/11/2021 04/11/21 For Sale $749,000 -- $310 / 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 $17,021 $679,200 $324,700 $354,500
2024 $16,824 $679,200 $324,700 $354,500
2023 $16,824 $679,200 $324,700 $354,500
2022 $16,131 $679,200 $324,700 $354,500
2021 $16,131 $679,200 $324,700 $354,500
2020 $15,941 $679,200 $324,700 $354,500
2019 $15,723 $679,200 $324,700 $354,500
2018 $15,309 $679,200 $324,700 $354,500
2017 $15,085 $679,200 $324,700 $354,500
2016 $14,888 $679,200 $324,700 $354,500
2015 $14,888 $679,200 $324,700 $354,500
2014 $14,820 $679,200 $324,700 $354,500
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Garden State MLS

MLS Number: 3702454

Garden State MLS

APN: 02-30501-0000-00007-01