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Morris
119 Edwards Rd
$582,000
● House - Off Market

119 Edwards Rd

Parsippany-Troy Hills Twp., NJ 07054
bedrooms
3 Beds
bathrooms
2 Baths
$567,618
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (GSMLS #3798489)

Price History

Date / Event Date Event Price
Aug 31, 2022 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,901
  • Total Building Area: 1,140
  • Building Area: 1,140
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,140
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000388
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 149 3

Neighborhood

  • School District Name: Parsippany-Troy Hills Township School District
  • Census Tract: 041704

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 235
  • Account Number: 04001440
  • District: 29
  • Parcel: 29 00621-0000-00022
  • Block: 621
  • Lot: 22
  • Municipality: PARSIPPANY TR HLS TWP
  • Latitude: 40.8687
  • Longitude: -74.3686

    Address

  • Full Address: 119 Edwards Rd
  • Address - House Number: 119
  • Address - Street Name: Edwards
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Parsippany
  • Carrier Code: C022
  • 4-Digit Zip Code: 2204
  • Zip Code: 07054

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $985,408

    Appraisal Valuation

  • Standard Deviation: 0.1719
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 541,054
  • High Value: 634,080
  • Low Value: 448,028

    Market Valuation

  • Market Total Value: $371,220
  • Market Land Value: $204,119
  • Market Improvement Value: $167,101

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $284,800
  • Assessed Land Value: $156,600
  • Assessed Improvements Value: $128,200

    Sales

  • Current Sale Contract Date: Aug 26, 2022
  • Current Sale Recording Date: Sep 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 62722
  • Previous Sale Recording Date: Nov 16, 2017
  • Previous Sale Contract Date: Oct 31, 2017
  • Previous Sale Amount: $399,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Morris

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$337

Below Asking

0.01%

Average Days on Market

35

Average Home Size

996 ft²

Average Home Age

-

Currently For Sale

1480 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 111 Cardigan Ct, Parsippany-Troy Hills Twp., 07054-3420

$3,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,719 ft²
111 Cardigan Ct, Parsippany-Troy Hills Twp., 07054-3420 Listing by TANVINI Y. GOGRI

Rentals Near You

Click here to view more rentals in the neighborhood.
GSMLS

Last Updated: 4 years ago
Data Source: GSMLS, MLS# 3798489
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 119 Edwards Road built and last sold?
The property at 119 Edwards Road was built in 1959 and last sold on Aug 26, 2022 for $582,000.
How much is this home worth?
The estimated value of the home located at 119 Edwards Road is $0.
What are some comparable homes to 119 Edwards Road?
There are currently no comparable homes to 119 Edwards Road.
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