NOT LISTED FOR SALE

53 Bound Brook Rd Parsippany, NJ 07054

Estimated Value: $988,000 - $1,100,000

5 Beds
3 Baths
1,260 Sq Ft
$843/Sq Ft Est. Value

Last Sold May 26, 2022

Last sale price $945,000 $750 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,371/month

45 Days on Market

Highlights

  • Sitting Area In Primary Bedroom
  • Lake Privileges
  • Deck
  • Lake Parsippany Elementary School Rated A
  • Colonial Architecture
  • Wood Flooring

About This Home

As of May 2022

Stunning New Construction by Reputable Well Renowned Builder. This Beautiful Colonial Home offers 5 Generously Sized Bedrooms, and Gleaming Bathrooms in the home. First floor features Open Concept Kitchen with Granite Countertops, Center Island, Stainless Steel appliances and a Massive Walk in Pantry! Kitchen opens up into a Lovely Family Room with Gas Fireplace to entertain the masses! Deck off the Kitchen to an outdoor Deck for Year Round visitors! First floor in- law suite with Gorgeously laid out Full bathroom and Bedroom for your long term guests! Unbelievable amount of Storage throughout the home!! Master Bedroom features 2 Oversized Walk in closets to appeal to the masses! En-suite Bathroom for Convenience throughout. 2nd Floor Laundry Room for Easy accessibility. This Gorgeous Home is located within a few blocks of Lake Parsippany! Come experience fabulous Lake Style Living in this lovely neighborhood. Prestigious Parsippany School District, Low Town Taxes, and Commuter/Shopping Friendly Location, this HOME WILL NOT LAST LONG!!!

Last Agent to Sell the Property

HEKI H. BUDZYN

WEICHERT REALTORS Listed on: 02/22/2022

Last Buyer's Agent

BISHOY MEGALLA

KELLER WILLIAMS TEAM REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,559

Year Built

  • Built in 2022 | Under Construction

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Vinyl Siding
  • Tile

Interior Spaces

  • High Ceiling
  • Gas Fireplace
  • Family Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary bedroom located on second floor
  • Walk-In Closet
  • In-Law or Guest Suite
  • 3 Full Bathrooms
  • Soaking Tub
  • Separate Shower

Home Security

  • Storm Windows
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Lake Privileges
  • Deck

Schools

  • Brooklawn Middle School
  • Par-Hills High School

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2329-00216-0000-00009-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,559

Year Built

Built in 2022 | Under Construction

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2022
  • Year Built Description: Under Construction
  • County Name: Morris
  • Renovated Year: 2022
  • Street Number Display: 53
  • Directions: Rt 202 to Kingston to Bound Brook #53
  • I D: 5131205
  • Modified: 2023-05-27
  • Number Images: 47
  • Section Subdiv Development: Lake Parsippany
  • First Name: HEKI H.
  • First Name3: BISHOY
  • Last Name: BUDZYN
  • Last Name3: MEGALLA
  • Office Phone: 973-334-9400
  • Office Phone3: 973-235-2800
  • Attribution Contact: 973-334-9400
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 2022

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Family Room, Gas Fireplace
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas
  • Interior Amenities: Carbon Monoxide Detector, Fire Alarm Sys, Fire Extinguisher, High Ceilings, Smoke Detector, SoakTub, StallShw, Walk-In Closet
  • Number Rooms: 11
  • Bedrooms: 5
  • Master Bedroom Desc: Sitting Room, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Full, Unfinished
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, Full Bath
  • Kitchen Area: Center Island, Eat-In Kitchen, Pantry
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: MaidQrtr
  • Level 1 Rooms: 1 Bedroom, Office
  • Level 2 Rooms: Bath Main, Laundry Room, SittngRm
  • Phone: 973-334-9400

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Storm Window(s)
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 2 Car Width, Blacktop

Utilities

  • Cooling: 2 Units
  • Fuel Type: Gas-Natural
  • Heating: 2 Units
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Electric, Gas

Condo/Co-op/Association

  • Amenities: Lake Privileges
  • Home Warranty: Yes

Schools

  • Middle School: BrookLawn
  • High School: Par-Hills
  • High School: Par-Hills
  • Middle Jr High School: BrookLawn

Lot Info

  • Lot Size: .24
  • Assessed Improvement Value: 107400
  • Assessed Land Value: 145000
  • Assessment: 252400
  • Lot Description: Corner, Level Lot
  • Lot Identifier: 00009

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Amount: 7559
  • Assessor Parcel Number: 2329-00216-0000-00009-0000-
  • Tax Rate Amount: 3.169
  • Tax Rate Year: 2021
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2022
Closed on
May 26, 2022
Sold by
Paul Powers Construction Inc
Bought by
Shehata Monica W and Mikhael Mina T
Seller's Agent
HEKI H. BUDZYN
WEICHERT REALTORS
Buyer's Agent
BISHOY MEGALLA
KELLER WILLIAMS TEAM REALTY
List Price
$959,900
Sold Price
$945,000
Premium/Discount to List
-$14,900
-1.55%
Current Estimated Value
$1,061,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,619
Avg. Annual Appreciation
5.01%
Original Mortgage
$595,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 16, 2020
Closed on
Feb 12, 2021
Sold by
Martin Eric and Estate Of Eveline K Martin
Bought by
Paul Powers Construction Inc
Seller's Agent
ERIC MARTIN
KELLER WILLIAMS METROPOLITAN
Buyer's Agent
HEKI H. BUDZYN
WEICHERT REALTORS
List Price
$410,000
Sold Price
$340,000
Premium/Discount to List
-$70,000
-17.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
123.65%
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
Shehata Monica W $945,000 Schulte Bernard J
Paul Powers Construction Inc $340,000 State Title Services Llc
Paul Powers Construction Inc $340,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shehata Monica W $595,000
Previous Owner Martin Wiliam H $100,000
Previous Owner Martin William H $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2022 05/26/22 Sold $945,000 -1.6% $750 / Sq Ft
04/08/2022 04/08/22 Pending -- -- --
02/22/2022 02/22/22 For Sale $959,900 +182.3% $762 / Sq Ft
02/17/2021 02/17/21 Sold $340,000 -13.9% $270 / Sq Ft
01/13/2021 01/13/21 Pending -- -- --
12/04/2020 12/04/20 Price Changed $395,000 -3.7% $313 / Sq Ft
11/16/2020 11/16/20 For Sale $410,000 -- $325 / 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 $18,082 $532,300 $145,000 $387,300
2023 $18,082 $532,300 $145,000 $387,300
2022 $7,247 $252,400 $145,000 $107,400
2021 $7,247 $252,400 $145,000 $107,400
2020 $7,809 $252,400 $145,000 $107,400
2019 $7,600 $252,400 $145,000 $107,400
2018 $7,433 $252,400 $145,000 $107,400
2017 $7,267 $252,400 $145,000 $107,400
2016 $7,140 $252,400 $145,000 $107,400
2015 $6,701 $252,400 $145,000 $107,400
2014 $6,610 $252,400 $145,000 $107,400
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Garden State MLS

MLS Number: 3765171

Garden State MLS

APN: 29-00216-0000-00009