1 Wallace Avenue

Local assessors in Morristown, NJ have categorized 1 Wallace Avenue as a residential type of property. The home was built in 1984 and is 40 years old. The property's lot size has been calculated to be 12,062 square feet. The linear feet between the front and back of the lot was measured at 1,340 ft and the front of the lot was measured at 900 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1 Wallace Avenue has a total of 1,792 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in Oct 13, 2009 for $305,000. That's $170.20 per sqft. Prior to that sales transaction, the property was also sold in Aug 4, 1995 for $187,000. 1 Wallace Avenue was last assessed in 2023. The total value of the property was assessed at $430,500. Specifically, the land the property is located on was valued at $235,700. While improvements on the property were assessed at a total of $194,800. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $12,510. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.