NOT LISTED FOR SALE

78 Forest Way Morris Plains, NJ 07950

Estimated Value: $981,000 - $1,110,000

5 Beds
3.5 Baths
2,945 Sq Ft
$364/Sq Ft Est. Value

Last Sold July 12, 2023

Last sale price $999,999 $340 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,901/month

14 Days on Market

Highlights

  • En-Suite Primary Bedroom
  • Central Air
  • Rectangular Lot
  • Whippany Park High School Rated A-

About This Home

As of July 2023

Beautiful colonial nestled in the desirable Trail Wood Estates. Low property taxes. All large rooms. Spacious living room, cozy family room with an elegant glass titled wood burning fireplace as the focal point. Gourmet kitchen with granite countertops and SS appliances; sliders to the large private deck that overlooks the level backyard. Large bonus/bedroom above the garage. Amble to the sky lit (remote controlled skylight) second floor boasting the primary bedroom w/ spacious walk-in closet, full bathroom w/ double sinks, comfortable soaking jetted-tub & shower. This level also includes other 3 large bedrooms with plenty of closets and a guest bathroom. Fully finished basement with high ceilings, an extra guest room, bathroom and a summer kitchen (no oven) with SS appliances. The basement has plenty of light, 3 windows and a separate entrance through the large French doors, which could make the perfect in-law suite. Back-up generator hook-up, heated 2 car garage. JUST SEE IT!

Last Agent to Sell the Property

Jeffrey Halpern

Howard Hanna Rand Realty, Morristown Listed on: 04/13/2023

Howard Hanna Rand Realty, Morristown

Last Buyer's Agent

Audrey Chang

Coldwell Banker, Upper Montclair

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,500

Lot Details

  • 0.51 Acre Lot
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00022 / 00606

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,500

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Regular
  • View Type:Pond View: South
  • Co List Office Phone: (973) 532-5727
  • Outside Inclusions: washer/dryer, Refrigerator
  • MLS Status: Sold - Sold
  • Directions: Route 10/202/Malapardis Rd/Appletree Ln/Locus Dr/Poplar/Forest Way
  • Reso Fireplace Features: 1 Fireplace
  • Year Built Details: 1980's
  • PropertySubTypeAdditional: Cntr Hl
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Primary Bathroom: Yes
  • Basement Remarks: RecRm/Den-ofc-BR/workout rm/walk-out

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Construction Type: Brick, Vinyl Siding

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas

Lot Info

  • Lot Dimensions: .512
  • Lot Size Sq Ft: 22303.0

Tax Info

  • Tax Annual Amount: 12500.0
  • Tax Block: 00606
  • Tax Lot: 00022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2023
Closed on
Jul 11, 2023
Sold by
Damiano James A and Damiano Michelle L
Bought by
Tang James Jim-An and Chiang Mary Tang
Seller's Agent
Jeffrey Halpern
Howard Hanna Rand Realty, Morristown
Buyer's Agent
Audrey Chang
Coldwell Banker, Upper Montclair
List Price
$949,900
Sold Price
$999,999
Premium/Discount to List
$50,099
5.27%
Views
92
Current Estimated Value
$1,051,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,728
Avg. Annual Appreciation
3.58%

Purchase Details

Closed on
May 29, 2008
Sold by
Damiano James A and Curasco Cari Ann
Bought by
Damiano James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.01%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 13, 2005
Sold by
Li Jun
Bought by
James Damiano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2000
Sold by
Arnold Steven D and Arnold Heather L
Bought by
Li Jun and Tao Aiyang

Purchase Details

Closed on
May 13, 1996
Sold by
Dezao John and Dezao Tanis
Bought by
Arnold Steven D and Arnold Heather L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
7.67%
Source: Public Records

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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
Tang James Jim-An $999,999 Realsafe Title
Damiano James -- None Available
James Damiano $800,000 --
Li Jun $440,000 --
Arnold Steven D $365,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Damiano James $467,600
Previous Owner Damiano James $277,000
Previous Owner Damiano James $149,000
Previous Owner Damiano James A $360,100
Previous Owner Damiano James $390,000
Previous Owner Damiano James $100,000
Previous Owner Damiano James $75,000
Previous Owner Damiano James $150,000
Previous Owner James Damiano $400,000
Previous Owner Arnold Steven D $305,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2023 07/12/23 Sold $999,999 +5.3% $340 / Sq Ft
04/27/2023 04/27/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $949,900 -- $323 / Sq Ft
Source: New Jersey 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 $12,777 $616,600 $258,000 $358,600
2023 $12,777 $604,400 $258,000 $346,400
2022 $11,689 $604,400 $258,000 $346,400
2021 $11,689 $604,400 $258,000 $346,400
2020 $10,994 $604,400 $258,000 $346,400
2019 $11,556 $604,400 $258,000 $346,400
2018 $11,375 $604,400 $258,000 $346,400
2017 $11,115 $604,400 $258,000 $346,400
2016 $10,946 $604,400 $258,000 $346,400
2015 $10,523 $604,400 $258,000 $346,400
2014 $10,305 $604,400 $258,000 $346,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 23010815

New Jersey MLS

APN: 12-00606-0000-00022