$332,500
SOLD AUG 30, 2019

Vail Commons 7 Prospect St Unit 308 Morristown, NJ 07960

1 Bed
1 Bath
959 Sq Ft
$360/mo HOA Fee

Recently Sold

$347 Per Sq Ft

5% Below List Price

41 Days on Market

Highlights

  • Fitness Center
  • Elevator
  • Porch
  • Alfred Vail School Rated A-
  • Formal Dining Room
  • 3-minute walk to The Morristown Green

About This Home

As of July 2022

1 Bedroom, 1 Bath Condo With Easy Access To All That Downtown Morristown Has To Offer! Enjoy City Living In One Of NJ's Premier Locations In The Heart Of The Action! 1 Of 49 Units In Vail Commons! Spacious Bedroom With Ample Walk-In Closet Space! Private Balcony! Hardwood Flooring, Caesarstone Kitchen Counters, Stainless Steel Appliances, Laundry In Unit & More! Building Offers 2 Street Entrances (1 On Prospect St & 1 On Speedwell Ave) & Is Secured With Intercom System & Wireless Key Fob Access! Each Entrance Has An Elevator For Convenience! The Building Offers An Exercise Room, Lounge & Meeting Room Area! 1 Off-Site Parking Space In The Heart Of Morristown For $80.00 Per Month Additional Fee! Close To Mass Transit, Shopping, Restaurants, Theatres, Parks & More! Come See This Incredible Condo Unit Today!

Last Agent to Sell the Property

Mark Werner

WERNER REALTY Listed on: 07/13/2019

Last Buyer's Agent

Mark Werner

WERNER REALTY Listed on: 07/13/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,392

Year Built

  • Built in 2008

HOA Fees

  • $360 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 959 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Formal Dining Room
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • On-Street Parking
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Porch

Schools

  • A.Hamilton Elementary School
  • Frelghuysn Middle School
  • Morristown High School

Utilities

  • Heat Pump System
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 2324-05801-0000-00003-0308-
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area
  • $80 Other Monthly Fees

Amenities

  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,392

Year Built

Built in 2008

Lot Details

0

HOA Fees

$360 per month

Listing Details

  • Style: One Floor Unit
  • Primary Style: One Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 2008
  • Year Built Description: Approximate
  • County Name: Morris
  • Street Number Display: 7
  • Directions: Washington to Cattano to Prospect
  • I D: 4914845
  • Modified: 2021-09-23
  • Number Images: 11
  • Section Subdiv Development: Vail Commons
  • First Name: MARK
  • First Name3: MARK
  • Last Name: WERNER
  • Last Name3: WERNER
  • Office Phone: 973-657-9222
  • Office Phone3: 973-657-9222
  • Attribution Contact: 973-657-9222
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Number: 3
  • Appliances: Range/Oven-Gas
  • Number Rooms: 4
  • Bedrooms: 1
  • Master Bedroom Desc: 1st Floor, Walk-In Closet
  • Bedroom 1 Level: First
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Galley Type, Separate Dining Area
  • Kitchen Level: Second
  • Living Room Level: First
  • Other Room 1: Bathroom
  • Other Room1 Level: First
  • Level 1 Rooms: 1 Bedroom, Living Room, Dining Room, Bath Main, Kitchen
  • Estimated Sq Ft: 959
  • Phone: 973-657-9222

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Curbs, Open Porch(es), Sidewalk
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 1
  • Parking Driveway Description: Parking Lot-Exclusive, Assigned, On-Street Parking

Utilities

  • Cooling: Heatpump
  • Fuel Type: Gas-Natural
  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Condo/Co-op/Association

  • Amenities: Elevator, Exercise Room
  • Association Maintenance Fee: 360
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area

Fee Information

  • Other Fee Freqency: Monthly
  • Other Fees: 80

Schools

  • Elementary School: A.Hamilton
  • Middle School: Frelghuysn
  • High School: Morristown
  • High School: Morristown
  • Middle Jr High School: Frelghuysn

Lot Info

  • Lot Size: COMMON
  • Assessed Improvement Value: 120000
  • Assessed Land Value: 175000
  • Assessment: 295000
  • Easement: Unknown
  • Lot Identifier: 3.308
  • Lot I D Tax: *
  • Zoning: Residential

Rental Info

  • Application Fee: 150
  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Street Number Tax: *
  • Tax Amount: 8392
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2324-05801-0000-00003-0308-
  • Tax Rate Amount: 2.845
  • Tax Rate Tax: *
  • Tax Rate Year: 2018
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: A.Hamilton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2022
Closed on
Jul 20, 2022
Sold by
John Herdman Christopher
Bought by
Glickman Jessica
Seller's Agent
SAMANTHA LEE BARNETT
COMPASS NEW JERSEY, LLC
Buyer's Agent
DEAN RAGO
GODBY REALTORS
List Price
$365,000
Sold Price
$349,900
Premium/Discount to List
-$15,100
-4.14%
Current Estimated Value
$433,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,780
Avg. Annual Appreciation
7.63%
Original Mortgage
$279,900
Outstanding Balance
$268,993
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$164,687

Purchase Details

Listed on
Jul 13, 2019
Closed on
Aug 29, 2019
Sold by
Pituch John A
Bought by
Herdman Christopher John
Seller's Agent
Mark Werner
WERNER REALTY
Buyer's Agent
Mark Werner
WERNER REALTY
List Price
$348,900
Sold Price
$332,500
Premium/Discount to List
-$16,400
-4.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.77%
Original Mortgage
$265,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 2012
Sold by
Pituch John T and Pituch Joann
Bought by
Pituch John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Interest Rate
3.84%
Mortgage Type
New Conventional
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 $349,900 Katirachi Shiva
Deed $332,500 Chicago Title Insurance Co
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $279,900 New Conventional
Previous Owner $265,000 Purchase Money Mortgage
Previous Owner $234,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2022 07/22/22 Sold $349,900 -4.1% --
06/15/2022 06/15/22 Pending -- -- --
06/06/2022 06/06/22 For Sale $365,000 +9.8% --
08/30/2019 08/30/19 Sold $332,500 -4.7% $347 / Sq Ft
08/23/2019 08/23/19 Pending -- -- --
07/13/2019 07/13/19 For Sale $348,900 -- $364 / 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 $8,573 $419,400 $215,000 $204,400
2023 $8,573 $295,000 $175,000 $120,000
2022 $8,472 $295,000 $175,000 $120,000
2021 $8,472 $295,000 $175,000 $120,000
2020 $8,505 $295,000 $175,000 $120,000
2019 $8,502 $295,000 $175,000 $120,000
2018 $8,393 $295,000 $175,000 $120,000
2017 $8,142 $295,000 $175,000 $120,000
2016 $7,933 $295,000 $175,000 $120,000
2015 $7,744 $295,000 $175,000 $120,000
2014 $7,658 $295,000 $175,000 $120,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3572982

Garden State MLS

APN: 24-05801-0000-00003-308