NOT LISTED FOR SALE

61 Madison St Morristown, NJ 07960

Estimated Value: $403,000 - $580,000

1 Bed
1.5 Baths
974 Sq Ft
$472/Sq Ft Est. Value

Last Sold May 06, 2021

Last sale price $263,000 $270 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,090/month

37 Days on Market

Highlights

  • A-Frame Home
  • Property is near public transit
  • Eat-In Kitchen
  • Alfred Vail School Rated A-
  • Formal Dining Room
  • Living Room

About This Home

As of May 2021

Introducing this RARE opportunity, perfect for an Investor or Flipper looking to grab a property packed with potential, in an extremely high-demand area: Morristown's historic downtown, Old Dublin. This home is short distance to public transportation, from local buses to express trains to NYC, restaurants, and many different stores for all shopping needs. Currently zoned as MF-1, Single & Two-Family Residential. Seller seeking Zoning for 3-4 Fam; TBD. Updating needed throughout. This property is being sold strictly AS IS. Buyer is responsible for Fire and CCO. Appliances will NOT be included unless specified by the buyer. This opportunity is going to go FAST, so don't sit on this one! There are many possibilities. Bring your builder and imagination. // Delayed Showing; First Showings on 2/28/2021, per Seller. // **Seller requires Pre-Approval or Proof of Funds to confirm appt. Showing: Sun 2/28 & Tues 3/2, 10a-5p, by appt only.**

Last Listed By

VANESSA KALLBACK

KELLER WILLIAMS PROSPERITY RLT Listed on: 02/28/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,288

Year Built

  • Built in 1906

Lot Details

  • 3,894 Sq Ft Lot
  • Sloped Lot
  • Property is zoned RT

Home Design

  • A-Frame Home
  • Asphalt Roof

Interior Spaces

  • 974 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Formal Dining Room
  • Eat-In Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom

Parking

  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Baseboard Heater
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Idlewilde Cc Estates Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,288

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.0894
  • Lot Size: 0.00 x 0.00
  • Ownership: Fee Simple
  • Subdivision Name: Idlewilde Cc Estates
  • Architectural Style: A-Frame
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More, Partially Below Grade
  • Property Attached Yn: No
  • Building Stories: 3
  • Year Built: 1906
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Dining Room Features: Formal Dining Room
  • Room Kitchen Features: Eat-in Kitchen
  • Appliances: See Remarks, Gas Water Heater
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Carpet, Laminate, See Remarks
  • Interior Amenities: Kitchen, Bath Other, Dining Room, Living Room, 1 Bedroom, Bath Main
  • Living Area: 974
  • Stories: 3

Exterior Features

  • Lot Features: Near Shopping, Near Train, Sloped, Near Public Transit
  • Roof: Asphalt

Garage/Parking

  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Gas Company: Natural Gas
  • Cooling: Wall Unit(s)
  • Heating: Baseboard Hotwater
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association #2 Fee Frequency: Monthly

Lot Info

  • Lot Size Sq Ft: 3894
  • Zoning: RT

Tax Info

  • Tax Annual Amount: 6288
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2021
Closed on
Apr 21, 2021
Sold by
Moffatt Novlette L and Estate Of Herlinda Rosa Teates
Bought by
Bambear Llc
Seller's Agent
VANESSA KALLBACK
KELLER WILLIAMS PROSPERITY RLT
List Price
$263,000
Sold Price
$263,000
Total Days on Market
37
Current Estimated Value
$459,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,829
Avg. Annual Appreciation
15.11%

Purchase Details

Closed on
Jun 8, 1995
Sold by
Madison Street Partnership
Bought by
Teates Philip and Teates Herlinda Rosa

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
Bambear Llc $263,000 All Ahead Title Agency Llc
Teates Philip $80,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2021 05/06/21 Sold $263,000 0.0% $270 / Sq Ft
04/06/2021 04/06/21 Pending -- -- --
02/28/2021 02/28/21 For Sale $263,000 -- $270 / Sq Ft
Source: All 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 $6,338 $404,900 $233,900 $171,000
2023 $6,338 $218,100 $176,700 $41,400
2022 $6,264 $218,100 $176,700 $41,400
2021 $6,264 $218,100 $176,700 $41,400
2020 $6,288 $218,100 $176,700 $41,400
2019 $6,286 $218,100 $176,700 $41,400
2018 $6,205 $218,100 $176,700 $41,400
2017 $6,020 $218,100 $176,700 $41,400
2016 $5,865 $218,100 $176,700 $41,400
2015 $5,725 $218,100 $176,700 $41,400
2014 $5,662 $218,100 $176,700 $41,400
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2021

    VANESSA KALLBACK

    KELLER WILLIAMS PROSPERITY RLT

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Source: All Jersey MLS

MLS Number: 2112654R

All Jersey MLS

APN: 24-07201-0000-00010

New Jersey Morris County Morristown 07960

61 Madison St, Morristown, NJ

Homes for Sale in Morristown, NJ

This home is located at 61 Madison St, Morristown, NJ 07960 since 28 February 2021 and is currently estimated at $459,829, approximately $472 per square foot. This property was built in 1906. 61 Madison St is a home located in Morris County with nearby schools including Alfred Vail School, Hillcrest School, and Thomas Jefferson School.

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