$650,000
SOLD JAN 9, 2025

5 Shelley Place Morristown, NJ 07960

2 Beds
2 Baths
1,499 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$434 Per Sq Ft

8% Above List Price

91 Days on Market

About This Home

As of January 2025

This home is located at 5 Shelley Place, Morristown, NJ 07960 and is currently priced at $650,000, approximately $433 per square foot. This property was built in 1982. 5 Shelley Place is a home located in Morris County with nearby schools including Hillcrest School, Alfred Vail School, and Thomas Jefferson School.

Last Agent to Sell the Property

Robert Dekanski

RE/MAX 1ST ADVANTAGE Brokerage Phone: 732-827-5344 Listed on: 09/03/2024

RE/MAX 1ST ADVANTAGE

Co-Listed By

WAYNE LOUX

RE/MAX 1ST ADVANTAGE Brokerage Phone: 732-827-5344

Last Buyer's Agent

MARTA KNAUFF

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,477

Year Built

  • Built in 1982

Lot Details

  • 2,614 Sq Ft Lot

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,477

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Year Built: 1982
  • County Name: Morris
  • Street Number Display: 5
  • I D: 5310398
  • Modified: 2025-05-06
  • Number Images: 1
  • Attribution Contact: 732-827-5344
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Bathrooms: 2.00

Lot Info

  • Lot Size: .056 AC
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2024
Closed on
Jan 8, 2025
Sold by
Axelson Joann
Bought by
Fu Christine and Toy Wilson Wai
Seller's Agent
Robert Dekanski
RE/MAX 1ST ADVANTAGE
Buyer's Agent
MARTA KNAUFF
COLDWELL BANKER REALTY
List Price
$599,999
Sold Price
$650,000
Premium/Discount to List
$50,001
8.33%
Total Days on Market
91
Views
159
Current Estimated Value
$665,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,182
Avg. Annual Appreciation
2.78%
Original Mortgage
$487,500
Outstanding Balance
$486,248
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$174,709

Purchase Details

Closed on
Sep 3, 2024
Sold by
Axelson Family Trust and Axelson Joann
Bought by
Axelson Joann

Purchase Details

Closed on
Mar 5, 2024
Sold by
Axelson Joann
Bought by
Axelson Family Trust

Purchase Details

Closed on
Jul 28, 2010
Sold by
Ring Madeline
Bought by
Axelson Joann

Purchase Details

Closed on
May 1, 1998
Sold by
Stainfield Tami
Bought by
Ring Madeline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
5.5%
Source: Public Records

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Range of Values:

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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
Deed $650,000 None Listed On Document
Deed -- None Listed On Document
Deed -- None Listed On Document
Deed $390,000 Chicago Title Insurance Co
Deed $215,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $487,500 New Conventional
Previous Owner $100,000 Unknown
Previous Owner $155,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2025 01/09/25 Sold $650,000 +8.3% $434 / Sq Ft
12/03/2024 12/03/24 Pending -- -- --
11/01/2024 11/01/24 For Sale $599,999 0.0% $400 / Sq Ft
10/09/2024 10/09/24 Off Market $599,999 -- --
09/27/2024 09/27/24 Pending -- -- --
09/23/2024 09/23/24 For Sale $599,999 0.0% $400 / Sq Ft
09/13/2024 09/13/24 Pending -- -- --
09/03/2024 09/03/24 For Sale $599,999 -- $400 / 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
2024 $8,477 $422,800 $249,400 $173,400
2023 $8,477 $422,800 $249,400 $173,400
2022 $8,084 $422,800 $249,400 $173,400
2021 $8,084 $422,800 $249,400 $173,400
2020 $7,873 $422,800 $249,400 $173,400
2019 $7,750 $422,800 $249,400 $173,400
2018 $7,665 $422,800 $249,400 $173,400
2017 $7,615 $422,800 $249,400 $173,400
2016 $7,496 $422,800 $249,400 $173,400
2015 $6,756 $266,400 $105,500 $160,900
2014 $6,668 $266,400 $105,500 $160,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3921821

Garden State MLS

APN: 22-05701-0000-00056