NOT LISTED FOR SALE

7 Colonial Rd Morristown, NJ 07960

Estimated Value: $567,000 - $737,000

3 Beds
1 Bath
1,504 Sq Ft
$430/Sq Ft Est. Value

Last Sold August 01, 2022

Last sale price $425,000 $283 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,184/month

14 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Hillcrest School Rated A-
  • Formal Dining Room
  • Level Lot

About This Home

As of August 2022

Great opportunity to live in Downtown Morristown at a reasonable price. Three bedroom colonial with lots of potential. Hardwood floors and period charm throughout like original door knobs and quality molding and trim. Front sunroom is waiting for someone's inspiration. Lots of parking and storage. A perfect starter home or investment property. A quick jaunt to the Morristown Green, Whole Foods and Burnham Park (right across the street). Opportunities like this are rare, especially in this neighborhood.

Last Agent to Sell the Property

Ryan Dawson

WEICHERT REALTORS Listed on: 06/23/2022

WEICHERT REALTORS

Last Buyer's Agent

ERNEST POLEJ

APP REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,259

Year Built

  • Built in 1922

Lot Details

  • 2,178 Sq Ft Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • Formal Dining Room
  • Wood Flooring
  • Unfinished Basement
  • Walk-Out Basement
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • 1 Full Bathroom

Outdoor Features

  • Storage Shed

Schools

  • K-2;3-5 Elementary School
  • Frelghuysn Middle School
  • Mtwn 9-12 High School

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 2324-08002-0000-00031-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,259

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1922
  • Year Built Description: Approximate
  • County Name: Morris
  • Street Number Display: 7
  • Directions: Washington St to Colonial Rd (opposite Burnham Park)
  • I D: 5159213
  • Modified: 2023-08-02
  • Number Images: 14
  • Section Subdiv Development: Downtown Morristown
  • First Name: RYAN
  • First Name3: ERNEST
  • Last Name: DAWSON
  • Last Name3: POLEJ
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Wood
  • Appliances: Range/Oven-Gas, Refrigerator
  • Interior Amenities: TubShowr
  • Number Rooms: 7
  • Bedrooms: 3
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished, Walkout
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Kitchen Area: Galley Type, Not Eat-In Kitchen
  • Kitchen Dim: 12x10
  • Kitchen Level: First
  • Living Room Dim: 17x12
  • Living Room Level: First
  • Phone: 973-539-8000

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Storage Shed
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

  • Cooling: 1 Unit, 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

Schools

  • Elementary School: K-2;3-5
  • Middle School: Frelghuysn
  • High School: MTWN 9-12
  • High School: MTWN 9-12
  • Middle Jr High School: Frelghuysn

Lot Info

  • Lot Size: 2280SF
  • Assessed Improvement Value: 100900
  • Assessed Land Value: 185600
  • Assessment: 286500
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 31
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.05
  • Zoning: Res

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 8259
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2324-08002-0000-00031-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.872
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: K-2;3-5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Aug 1, 2022
Sold by
Thi Nguyen Ba
Bought by
Selimian Harout
Seller's Agent
Ryan Dawson
WEICHERT REALTORS
Buyer's Agent
ERNEST POLEJ
APP REALTY
List Price
$375,000
Sold Price
$425,000
Premium/Discount to List
$50,000
13.33%
Current Estimated Value
$646,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,286
Avg. Annual Appreciation
12.33%
Original Mortgage
$315,000
Outstanding Balance
$303,555
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$304,429

Purchase Details

Closed on
Jan 31, 1983
Bought by
Be Van Trinh and Ba Thi Nguyen
Source: Public Records

Range of Values:

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Average Value
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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
Selimian Harout $425,000 None Listed On Document
Be Van Trinh $70,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Selimian Harout $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2022 08/01/22 Sold $425,000 +13.3% $283 / Sq Ft
07/07/2022 07/07/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $375,000 -- $249 / 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 $7,957 $505,200 $305,200 $200,000
2024 $8,326 $505,200 $305,200 $200,000
2023 $8,326 $286,500 $185,600 $100,900
2022 $7,587 $286,500 $185,600 $100,900
2021 $7,587 $286,500 $185,600 $100,900
2020 $8,260 $286,500 $185,600 $100,900
2019 $8,257 $286,500 $185,600 $100,900
2018 $8,151 $286,500 $185,600 $100,900
2017 $7,907 $286,500 $185,600 $100,900
2016 $7,704 $286,500 $185,600 $100,900
2015 $7,521 $286,500 $185,600 $100,900
2014 $7,438 $286,500 $185,600 $100,900
Source: Public Records

Agents Affiliated with this Home

  • Ryan Dawson

    Seller's Agent in 2022

    Ryan Dawson

    WEICHERT REALTORS

    (973) 768-7468

    96 in this area

    170 Total Sales

    Ryan Dawson
    Section Image

  • E

    Buyer's Agent in 2022

    ERNEST POLEJ

    APP REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3791791

Garden State MLS

APN: 24-08002-0000-00031

New Jersey Morris County Morristown 07960

7 Colonial Rd, Morristown, NJ

This home is located at 7 Colonial Rd, Morristown, NJ 07960 since 23 June 2022 and is currently estimated at $646,286, approximately $429 per square foot. This property was built in 1922. 7 Colonial Rd is a home located in Morris County with nearby schools including Hillcrest School, Alfred Vail School, and Thomas Jefferson School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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