NOT LISTED FOR SALE

55 Red Gate Rd Morristown, NJ 07960

Estimated Value: $3,563,527 - $4,137,000

5 Beds
8 Baths
6,201 Sq Ft
$628/Sq Ft Est. Value

Last Sold February 27, 2015

Last sale price $1,974,725 $318 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $22,888/month

About This Home

As of February 2015

This home is located at 55 Red Gate Rd, Morristown, NJ 07960 since 27 February 2015 and is currently estimated at $3,891,632, approximately $627 per square foot. This property was built in 1998. 55 Red Gate Rd is a home located in Morris County with nearby schools including Harding Township School, Chatham Day School, and The Peck School.

Last Agent to Sell the Property

BRENDA RUSSELL

KL SOTHEBY'S INT'L. REALTY Brokerage Phone: 973-377-4444 Listed on: 02/27/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,523

Year Built

  • Built in 1998

Lot Details

  • 3.96 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 8 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,523

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Year Built: 1998
  • County Name: Morris
  • I D: 4428011
  • Attribution Contact: 973-377-4444
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 7.20

Lot Info

  • Lot Size: 3.96 AC
  • Total Acres: 3.96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2015
Closed on
Feb 26, 2015
Sold by
Tillis Jason and Tillis Jessie
Bought by
Basile Santino and Basile Claudia
Seller's Agent
BRENDA RUSSELL
KL SOTHEBY'S INT'L. REALTY
Sold Price
$1,974,725
Current Estimated Value
$3,891,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,916,907
Avg. Annual Appreciation
6.56%
Original Mortgage
$1,382,307
Outstanding Balance
$1,026,161
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,865,471

Purchase Details

Listed on
Jul 12, 2013
Closed on
Jul 12, 2013
Sold by
Harding Property Llc
Bought by
Tillis Jason and Tillis Jessie
Seller's Agent
BRENDA RUSSELL
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
Sold Price
$3,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-22.63%
Original Mortgage
$2,100,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 17, 2007
Sold by
Posner David H and Glatt Gloria
Bought by
Harding Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,660,000
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2005
Sold by
Ponzek Marion
Bought by
Glatt Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,562,500
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Basile Santino $1,974,725 Agent For Chicago Title Ins
Tillis Jason $3,000,000 None Available
Harding Property Llc $5,825,000 None Available
Glatt Gloria $4,750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Basile Santino $1,382,307
Previous Owner Tillis Jason $2,100,000
Previous Owner Harding Property Llc $4,660,000
Previous Owner Glatt Gloria $3,562,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/27/2015 02/27/15 Sold $1,974,725 -34.2% $318 / Sq Ft
07/12/2013 07/12/13 Sold $3,000,000 -- $484 / Sq Ft View Prior Sale
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 $28,523 $2,388,900 $896,000 $1,492,900
2024 $27,616 $2,388,900 $896,000 $1,492,900
2023 $27,616 $2,388,900 $896,000 $1,492,900
2022 $26,517 $2,388,900 $896,000 $1,492,900
2021 $26,517 $2,388,900 $896,000 $1,492,900
2020 $28,499 $2,605,000 $896,000 $1,709,000
2019 $20,736 $1,800,000 $1,117,200 $682,800
2018 $20,340 $1,800,000 $1,117,200 $682,800
2017 $36,724 $3,267,300 $1,596,000 $1,671,300
2016 $36,136 $3,267,300 $1,596,000 $1,671,300
2015 $35,287 $3,267,300 $1,596,000 $1,671,300
2014 $34,078 $3,267,300 $1,596,000 $1,671,300
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    BRENDA RUSSELL

    KL SOTHEBY'S INT'L. REALTY

  • J

    Seller Co-Listing Agent in 2013

    JENNIFER NIELSEN

    KL SOTHEBY'S INT'L. REALTY

  • Susan Oldendorp

    Buyer's Agent in 2013

    Susan Oldendorp

    COMPASS NEW JERSEY, LLC

    (201) 400-8714

    20 in this area

    528 Total Sales

    Susan Oldendorp
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Map

Source: Garden State MLS

MLS Number: 3123004

Garden State MLS

APN: 13-00006-0000-00002-01

New Jersey Morris County Morristown 07960

55 Red Gate Rd, Morristown, NJ

Not Listed for Sale

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