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2 Walnut Lane

2 Walnut Lane, Morristown, NJ 07960
Property in Morris
Sold Apr 19, 2021
$480,000
$432,000 by Investors Bank
Mortgage Due May 01, 2051
Sold Nov 13, 2019
$450,000
$360,000 by Jpmorgan Chase Bank Na
Mortgage Due Nov 01, 2049
2 Walnut Lane in Morristown, NJ was first built in 1979 and is 45 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. There are a total of 2 floors. 2 Walnut Lane has 1,804 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 2,688 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The property was last sold in Mar 31, 2021 for $480,000. That's $266.08 per sqft. Prior to that sales transaction, the property was also sold in Oct 11, 2019 for $450,000. 2 Walnut Lane was last assessed in 2023. The total value of the property was assessed at $422,600. Specifically, the land the property is located on was valued at $203,100. While improvements on the property were assessed at a total of $219,500. 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 $4,885. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Townhouse
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,688
  • Total Building Area: 1,804
  • Building Area: 1,804
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,804
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HARDING GREEN
  • Land Acres: 0.062
  • Standard Land Use Code: Townhouse (residential)

Ownership

  • Current Owner : LEACH JEFFREY
  • Current Owner 2: JONES CYNTHIA
  • Previous Owner : READ ROLLIN CLARK
  • Previous Owner 2: READ MISTY M
  • Owner Before Previous Owner: WADDELOW TRACEY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Harding Township School District
  • Census Tract: 044200

Zoning

  • Zoning: PRN

Geography

  • Account Number: 25030104
  • District: 13
  • Parcel: 13 00025- 03-00104
  • Block: 25.03
  • Lot: 104
  • Municipality: HARDING TWP
  • Latitude: 40.7653
  • Longitude: -74.5111

    Address

  • Full Address: 2 Walnut Ln
  • Address - House Number: 2
  • Address - Street Name: Walnut
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Morristown
  • Carrier Code: C018
  • 4-Digit Zip Code: 6772
  • Zip Code: 07960

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,885

    Appraisal Valuation

  • Standard Deviation: 0.159
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 607,359
  • High Value: 703,946
  • Low Value: 510,772

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $432,000
  • First Open Lien Mortgage Lender: INVESTORS BANK
  • First Open Lien Mortgage Recording Date: Apr 19, 2021
  • First Open Lien Mortgage Loan Amount: $432,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $469,973
  • Market Land Value: $225,867
  • Market Improvement Value: $244,106

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $422,600
  • Assessed Land Value: $203,100
  • Assessed Improvements Value: $219,500

    Sales

  • Current Sale Contract Date: Mar 31, 2021
  • Current Sale Recording Date: Apr 19, 2021
  • Current Sale Transaction ID: 11831470557
  • Current Sale Price: $480,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021039057
  • Previous Sale Recording Date: Nov 13, 2019
  • Previous Sale Contract Date: Oct 11, 2019
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: INVESTORS BANK
  • First Mortgage Transaction Date: Apr 19, 2021
  • First Mortgage Loan Amount: $432,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Nov 13, 2019
  • Previous Mortgage Loan Amount: $360,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2049

About Morris



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Frequently Asked Questions

What neighborhood is 2 Walnut Lane located in?
The 2 Walnut Lane is a located in the neighborhood of Morris in Morris, Morristown.
What is the average sales price for listings in 2 Walnut Lane?
The average sales price for units in 2 Walnut Lane is $0 currently.

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