NOT LISTED FOR SALE

8 Loantaka Ln N Morristown, NJ 07960

Estimated Value: $3,186,000 - $3,509,000

5 Beds
7 Baths
5,900 Sq Ft
$574/Sq Ft Est. Value

Last Sold April 30, 2018

Last sale price $2,750,000 $466 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $21,451/month

15 Days on Market

Highlights

  • Media Room
  • Heated In Ground Pool
  • 2.18 Acre Lot
  • Chatham High School Rated A+
  • Custom Home
  • 2-minute walk to Loantaka Park

About This Home

As of April 2018

2+ landscaped acres with pool and pond compliment this fabulous classic.Slate roof,6 fireplaces and stunning architectural details add to the warm interior design.Terrific 2000 sq ft lower level Designed for maximum style and quality this custom built home enjoys proximity to Morristown,trains and private schools in the area.The Spring Valley section of Chatham Twp has a rural feel offering more privacy as it nestles up against Harding.Custom features include the stunning front-to-back foyer;Palladian windows; elegant dormers;coffered ceilings;7 fpls;a glorious kitchen complex w/ informal DR and 2-story FR;an expansive master suite with huge hand-crafted closetry,fpl and stunning master bath; large secondary BRs; and a lower level w/ media rm, game room,exercise rm,full bath and ice hockey room.Glorious!

Last Agent to Sell the Property

Molly Tonero

TURPIN REAL ESTATE, INC. Listed on: 03/01/2018

Last Buyer's Agent

DIANE TERRY

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,342

Year Built

  • Built in 2002

Lot Details

  • 2.18 Acre Lot
  • Privacy Fence
  • Corner Lot
  • Level Lot

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway
  • Off-Street Parking

Home Design

  • Custom Home
  • Colonial Architecture
  • Slate Roof
  • Stone Siding
  • Clapboard
  • Tile

Interior Spaces

  • 5,900 Sq Ft Home
  • Wet Bar
  • Sound System
  • Cathedral Ceiling
  • Thermal Windows
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • 7 Fireplaces
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Media Room
  • Home Office
  • Library with Fireplace
  • Recreation Room with Fireplace
  • Game Room
  • Storage Room
  • Utility Room
  • Home Gym
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Country Kitchen
  • Butlers Pantry
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • In-Law or Guest Suite
  • Steam Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Spa

Outdoor Features

  • Pond
  • Patio
  • Storage Shed
  • Porch

Schools

  • Washington Elementary School
  • Chatham Middle School
  • Chatham High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Radiant Heating System
  • Underground Utilities
  • Standard Electricity
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 2305-00141-0000-00001-0001-

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,342

Year Built

Built in 2002

Lot Details

0

Parking

3

Listing Details

  • Style: Colonial, Custom Home
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2002
  • Year Built Description: Approximate
  • County Name: Morris
  • Directions: Blue Mill Rd or Loantaka to Loantaka Lane North. First drive on right.
  • I D: 4767169
  • Section Subdiv Development: Spring Valley section
  • First Name: MOLLY
  • First Name3: DIANE
  • Last Name: TONERO
  • Last Name3: TERRY
  • Office Phone: 210933
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2013

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Bedroom 1, Kitchen, Rec Room, Family Room, Library, Living Room
  • Number of Fireplaces: 7
  • Appliances: Generator-Built-In, Range/Oven-Gas, Refrigerator, CookGas, Hot Tub, Washer, Dishwasher, Kitchen Exhaust Fan, Dryer, Microwave Oven, WineRefr
  • Interior Amenities: SoakTub, Bar-Wet, StallShw, Walk-In Closet, Fire Alarm Sys, Security System, Steam, Carbon Monoxide Detector, High Ceilings, Stereo System, Cathedral Ceiling
  • Bedrooms: 5
  • Master Bedroom Desc: Dressing Room, Fireplace, Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower And Tub, Steam
  • Bathrooms: 5.20
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished, Full
  • Basement Level Rooms: Utility Room, GameRoom, SeeRem, Storage Room, Exercise Room, Bath(s) Other, Media Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: Second
  • Family Room Level: First
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, Full Bath
  • Kitchen Area: Center Island, Pantry, Country Kitchen, Separate Dining Area
  • Kitchen Dim: 27x12
  • Kitchen Level: First
  • Living Room Dim: 16x14
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 16x13
  • Other Room1 Level: First
  • Other Room 2: Breakfast
  • Other Room2 Dim: 16x12
  • Other Room2 Level: First
  • Other Room 3: Office
  • Other Room3 Dim: 15x15
  • Other Room3 Level: Second
  • Other Room 4: Library
  • Other Room4 Dim: 16x15
  • Other Room4 Level: First
  • Level 1 Rooms: 1 Bedroom, Breakfast Room, MudRoom, Foyer, Library, Living Room, Dining Room, Powder Room, Bath(s) Other, Family Room, Kitchen
  • Level 2 Rooms: Laundry Room, Office, 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Attic
  • Estimated Sq Ft: 5900
  • Phone: 908-766-6500

Exterior Features

  • Exterior Description: Stone, Clapboard
  • Exterior Features: Barbeque, Storage Shed, Hot Tub, Patio, Open Porch(es), Privacy Fence, Thermal Windows/Doors
  • Pool: Yes
  • Pool Description: Gunite, In-Ground Pool, Heated
  • Roof Description: Slate

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 3
  • Parking Driveway Description: 2 Car Width, Blacktop, Circular, Off-Street Parking

Utilities

  • Cooling: Multi-Zone Cooling, Central Air
  • Fuel Type: Electric, Gas-Natural
  • Heating: Radiant - Hot Water, Forced Hot Air, Multi-Zone
  • Sewer: Septic 5+ Bedroom Town Verified, Septic
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Public Water

Schools

  • High School: Chatham
  • Middle Jr High School: Chatham

Lot Info

  • Lot Size: 2.1760 AC
  • Easement: Unknown
  • Lot Description: Backs to Park Land, Corner, Level Lot, Pond On Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 2.18
  • Zoning: Res

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Street Number Tax: *
  • Tax Amount: 38342
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2305-00141-0000-00001-0001-
  • Tax Rate Amount: 1.759
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: Washington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2018
Closed on
Apr 25, 2018
Sold by
Rhinelander John R and Rhinelander Amy D
Bought by
Cochran Sean D and Cochran Lauren A
Seller's Agent
Molly Tonero
TURPIN REAL ESTATE, INC.
Buyer's Agent
DIANE TERRY
KELLER WILLIAMS REALTY
List Price
$2,699,000
Sold Price
$2,750,000
Premium/Discount to List
$51,000
1.89%
Current Estimated Value
$3,384,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$634,383
Avg. Annual Appreciation
2.81%
Original Mortgage
$192,500
Outstanding Balance
$165,585
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$3,218,798

Purchase Details

Closed on
Sep 3, 2002
Sold by
Mcdonough Joe
Bought by
Rhinelander John and Rhinelander Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,576,000
Interest Rate
6.48%

Purchase Details

Closed on
Sep 13, 1995
Sold by
Stackhouse James A and Stackhouse Mildred Woodward
Bought by
Mcdonough Joseph and Mcdonough Susan
Source: Public Records

Range of Values:

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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
Cochran Sean D $2,750,000 Stewart Title
Rhinelander John $835,000 --
Mcdonough Joseph $510,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cochran Sean D $192,500
Previous Owner Rhinelander John $1,576,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2018 04/30/18 Sold $2,750,000 +1.9% $466 / Sq Ft
03/16/2018 03/16/18 Pending -- -- --
03/01/2018 03/01/18 For Sale $2,699,000 -- $457 / 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 $43,356 $2,179,800 $858,800 $1,321,000
2024 $42,637 $2,179,800 $858,800 $1,321,000
2023 $42,637 $2,179,800 $858,800 $1,321,000
2022 $42,092 $2,179,800 $858,800 $1,321,000
2021 $42,092 $2,179,800 $858,800 $1,321,000
2020 $41,264 $2,179,800 $858,800 $1,321,000
2019 $40,413 $2,179,800 $858,800 $1,321,000
2018 $39,956 $2,179,800 $858,800 $1,321,000
2017 $38,953 $2,179,800 $858,800 $1,321,000
2016 $38,343 $2,179,800 $858,800 $1,321,000
2015 $38,190 $2,179,800 $858,800 $1,321,000
2014 $37,885 $2,142,400 $858,800 $1,283,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3450430

Garden State MLS

APN: 05-00141-0000-00001-01