NOT LISTED FOR SALE

8 Magnolia Ln Boonton, NJ 07005

Estimated Value: $624,000 - $755,000

4 Beds
3.5 Baths
2,371 Sq Ft
$426/mo HOA Fee

Last Sold March 26, 2020

Last sale price $495,000 $209 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,334/month

134 Days on Market

Highlights

  • Private Pool
  • 0.87 Acre Lot
  • Deck
  • Rockaway Valley Elementary School Rated A-
  • Clubhouse
  • Recreation Room

About This Home

As of March 2020

!Spacious & bright end unit on cul-de-sac w/2-car garage,finishd w/o bsmnt,great kitch,DR/LR combo w/gas firepl,4 beds,3.5 full baths.Lovely views! Mtn Lks HS. Renov kitch,flrs,baths,bsmnt-this end unit has a lot to offer!The private covered porch leads to the frnt dr which opens to an airy cathedral ceiling foyer & open staircase.The dining/living combo is enhanced by a corner stone f/pl & picture window w/stunning views!Sliding doors to the deck from the large kitch provide another gorgeous panorama!The 2nd level has the perfect layout-mstr bed & bath in one wing,2 large beds each w/their WI closet & shared bath on the other side, & large loft w/closet which offers many options.LL boasts a rec/media rm,FR,bed,bath,patio access & storage galore.Walk to Tourne park!

Last Agent to Sell the Property

Anne Fisher

COLDWELL BANKER REALTY Listed on: 10/02/2019

COLDWELL BANKER REALTY

Last Buyer's Agent

Gordon Crawford

KELLER WILLIAMS METROPOLITAN

KELLER WILLIAMS METROPOLITAN

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,177

Year Built

  • Built in 1996 | Remodeled

Lot Details

  • Cul-De-Sac
  • Sprinkler System

HOA Fees

  • $426 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage

Home Design

  • Brick Exterior Construction
  • Siding
  • Composite Building Materials

Interior Spaces

  • Cathedral Ceiling
  • Gas Fireplace
  • Thermal Windows
  • Living Room with Fireplace
  • Breakfast Room
  • Family or Dining Combination
  • Recreation Room
  • Loft
  • Storage Room
  • Laundry Room
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Butlers Pantry
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • In-Law or Guest Suite
  • Whirlpool Bathtub

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Private Pool
  • Deck
  • Patio

Schools

  • Rockawayvl Elementary And Middle School
  • Mountain Lakes High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2302-41601-0000-00016-0000-C2401
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal

Amenities

  • Clubhouse

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,177

Year Built

Built in 1996 | Remodeled

Lot Details

0

HOA Fees

$426 per month

Parking

2

Listing Details

  • Style: Townhouse-End Unit, Multi Floor Unit
  • Primary Style: Townhouse-End Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1996
  • Year Built Description: Approximate, Renovated
  • County Name: Morris
  • Renovated Year: 2007
  • Street Number Display: 8
  • Directions: Powerville to McCaffrey, left on Brae Loch, right on Bradford, right on Magnolia, house on right
  • I D: 4935542
  • Modified: 2021-09-23
  • Number Images: 23
  • Section Subdiv Development: Brae Loch
  • First Name: ANNE
  • First Name3: GORDON
  • Last Name: FISHER
  • Last Name3: CRAWFORD
  • Office Phone: 973-263-0400
  • Office Phone3: 973-867-1150
  • Special Features: None
  • Property Sub Type: Condos
  • Year Renovated: 2007

Interior Features

  • Flooring: Carpeting, Wood
  • Floor Number: 3
  • Fireplace Description: Gas Fireplace, Living Room
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Microwave Oven, Range/Oven-Gas, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Cathedral Ceiling, Whirlpool
  • Number Rooms: 11
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Ground
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Full, Walkout
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Family Room Level: Ground
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, FamilyRm, Full Bath, SepEnter
  • Kitchen Area: Breakfast Bar, Eat-In Kitchen, Pantry
  • Kitchen Dim: 12x30
  • Kitchen Level: First
  • Living Room Dim: 15x15
  • Living Room Level: First
  • Other Room 1: Loft
  • Other Room1 Level: Second
  • Other Room 2: Rec Room
  • Other Room2 Level: Ground
  • Level 1 Rooms: Breakfast Room, GarEnter, Kitchen, Laundry Room, LivDinRm, Pantry, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other, Loft
  • Ground Level Rooms: 1 Bedroom, Bath(s) Other, Family Room, Rec Room, Storage Room, Utility Room, Walkout
  • Phone: 973-263-0400

Exterior Features

  • Exterior Description: Brick, Composition Siding
  • Exterior Features: Deck, Patio, Thermal Windows/Doors, Underground Lawn Sprinkler
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: 2 Car Width, Blacktop

Utilities

  • Cooling: 1 Unit, Multi-Zone Cooling
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Club House, Pool-Outdoor
  • Association Maintenance Fee: 426
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal
  • Home Warranty: Yes

Schools

  • Elementary School: RockawayVL
  • Middle School: RockawayVL
  • High School: Mountain Lakes
  • High School: Mountain Lakes
  • Middle Jr High School: RockawayVL

Lot Info

  • Lot Size: .869 AC
  • Assessed Improvement Value: 338400
  • Assessed Land Value: 157500
  • Assessment: 495900
  • Easement: Unknown
  • Lot Description: Cul-De-Sac
  • Lot Identifier: 16
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.87
  • Zoning: res

Rental Info

  • Application Fee: 1062
  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 11177
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2302-41601-0000-00016-0000-C2401
  • Tax Rate Amount: 2.254
  • Tax Rate Tax: *
  • Tax Rate Year: 2018
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: RockawayVL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2019
Closed on
Mar 13, 2020
Sold by
Cabana Dennis R
Bought by
Tadepalli Satchidanand and Tadepalli Swathi
Seller's Agent
Anne Fisher
COLDWELL BANKER REALTY
Buyer's Agent
Gordon Crawford
KELLER WILLIAMS METROPOLITAN
List Price
$545,000
Sold Price
$495,000
Premium/Discount to List
-$50,000
-9.17%
Current Estimated Value
$709,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,462
Avg. Annual Appreciation
6.96%
Original Mortgage
$371,250
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2015
Sold by
Cabana Shelli L
Bought by
Cababa Dennis R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
4.03%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 18, 2014
Sold by
Cabana Dennis R and Cabana Shelli L
Bought by
Cabana Dennis R and Cabana Shelli L

Purchase Details

Closed on
Dec 17, 2003
Sold by
Wilmot Richard
Bought by
Lasich Polly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
5.88%

Purchase Details

Closed on
Dec 12, 1996
Sold by
Brae Loch Associates Llc
Bought by
Wilmot Richard A and Wilmot Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,000
Interest Rate
7.5%
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
Tadepalli Satchidanand $495,000 Westcor Land Title Ins Co
Cababa Dennis R $15,000 Foundation Title Llc
Cabana Dennis R $500,000 None Available
Lasich Polly $490,000 --
Wilmot Richard A $297,187 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tadepalli Satchidanand $353,000
Closed Tadepalli Satchidanand $371,250
Previous Owner Cababa Dennis R $34,000
Previous Owner Cabana Dennis R $34,000
Previous Owner Cababa Dennis R $456,000
Previous Owner Cabana Dennis R $407,200
Previous Owner Cabana Dennis R $417,000
Previous Owner Cabana Dennis R $55,000
Previous Owner Lasich Polly $290,000
Previous Owner Wilmot Richard A $263,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2020 03/26/20 Sold $495,000 -4.8% $209 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
01/31/2020 01/31/20 Price Changed $520,000 -4.6% $219 / Sq Ft
10/02/2019 10/02/19 For Sale $545,000 -- $230 / 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 $12,283 $495,900 $157,500 $338,400
2023 $12,283 $495,900 $157,500 $338,400
2022 $11,778 $495,900 $157,500 $338,400
2021 $11,778 $495,900 $157,500 $338,400
2020 $11,639 $495,900 $157,500 $338,400
2019 $11,480 $495,900 $157,500 $338,400
2018 $11,178 $495,900 $157,500 $338,400
2017 $11,014 $495,900 $157,500 $338,400
2016 $10,870 $495,900 $157,500 $338,400
2015 $10,870 $495,900 $157,500 $338,400
2014 $10,821 $495,900 $157,500 $338,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3592019

Garden State MLS

APN: 02-41601-0000-00016-0000-C2401