Morris
37 Bound Brook Rd
28
Map
$494,500
●
House -
In Contract
37 Bound Brook Rd
Parsippany-Troy Hills Twp., NJ 07054
3 Beds
2 Baths
$3,162
Est. Monthly
$37
HOA / Fees
About This Property
Welcome to this charming 3-bedroom, 2 bath split-level home on
corner lot in desirable Lake Parsippany! Main living space feat.
open-concept living room w/ bay window & electric fireplace, dining
area, kitchen & pantry. The 2nd FL offers 2 bedrooms & full bath
with tub/shower, while the third floor provides a private 3rd
bedroom & storage. The walkout lower level is complete with a
family room, full bath w/stall shower & laundry. Sliders lead
directly to the fenced-in backyard with deck & attached shed
providing convenient storage. Other feat. include hardwood floors,
central air, ceiling fans, public utilities & natural gas! Enjoy
all Lake Parsippany has to offer incl. a private beach,
kayaking/sailboating, clubhouse, fishing,sports leagues, &
year-round activities for all ages! ONE YEAR HOME WARRANTY
INCLUDED!
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
$697
HOA Dues
$37
Year Built
1940
Listed By
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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: 7 days ago (GSMLS #4051420)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2026 | In contract | - | |
| In contract | |||
| Sep 9, 2026 | Listed by REALTY EXECUTIVES FIRST CLASS | $494,500 | |
| Listed by REALTY EXECUTIVES FIRST CLASS | |||
Property Highlights
Air Conditioning
Fireplace
Interior Details
Full Bathrooms: 2
Interior Features: CODetect, JacuzTyp, SmokeDet, StallShw, TubShowr
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer, Wine Refrigerator, Carbon Monoxide Detector, Range/Oven-Gas
Flooring Type: Carpet, Laminate, Tile, Wood
Rooms: 6
Has Fireplace
Fireplace Features: Living Room, See Remarks
Fireplaces: 1
Exterior Details
Architectural Style: Split Level
Year Built: 1940
Construction Materials: Aluminum Siding, Vinyl Siding
Patio and Porch Features: Deck
Lot Features: Level Lot
Lot Size Area: 5662.8
Lot Size Units: Square Feet
Lot Size Acres: 0.13
Lot Size Square Feet: 5662.8
Water Source: Public
Financial Details
Tax Assessed Value: $236,300
Tax Annual Amount: $8,367
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, 1 Unit
Heating Type: Forced Air, 1 Unit
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: See Remarks
HOA Fee: $440
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
ft²
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About Morris
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Last Updated: 7 days ago
Data Source: GSMLS, MLS#
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.
Data Source: GSMLS, MLS#
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