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50 Morris Avenue

50 Morris Avenue, Morristown, NJ 07960
Property in Morris
Sold May 10, 2019
$962,475
$720,000 by Us Bank Na
Mortgage Due May 01, 2049
Sold Jul 28, 2016
$995,000
$796,000 by New Jersey Lenders Corp
Mortgage Due Aug 01, 2046
50 Morris Avenue in Morristown, NJ was first built in 1863 and is 161 years old. This has been categorized as a residential property type. There are a total of 3 floors. 50 Morris Avenue has 3,792 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. The linear feet across the front of the lot is 1,250 ft and the linear feet between the front and back of the lot is 2,120. In total, the area measurement of the land is 26,502 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There are a total of 4 available parking spaces. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 50 Morris Avenue was last sold in Apr 25, 2019 for $962,475. According to our calculations, that's $253.82 per sqft. Prior to that sales transaction, the property was sold for $995,000 in Jul 1, 2016. Current property owners are expected to pay $19,985 in taxes per year. The property on 50 Morris Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $687,700. To break that down further, the land itself was valued at $264,300. While improvements to the property were assessed at a total of $423,400. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1863
  • Effective Year Built: 1863
  • Bedroom Count: 0
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 26,502
  • Lot Size Depth Feet: 2,120
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 3,792
  • Building Area: 3,792
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,792
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.608
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MCKALLAGAT GREG
  • Current Owner 2: ADAMS ALEXANDRA
  • Previous Owner : LASSARAT JEAN BAPTISTE
  • Previous Owner 2: LASSARAT MARGARET
  • Owner Before Previous Owner: CAMPBELL KATHLEEN J
  • Owner Before Previous Owner 2: JACKSON KATHLEEN C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Morris Township School District
  • Census Tract: 043602

Zoning

  • Zoning: R-2

Geography

  • District: 24
  • Parcel: 24 01002-0000-00002
  • Block: 1002
  • Lot: 2
  • Municipality: MORRISTOWN TOWN
  • Latitude: 40.7967
  • Longitude: -74.4614

    Address

  • Full Address: 50 Morris Ave
  • Address - House Number: 50
  • Address - Street Name: Morris
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Morristown
  • Carrier Code: C013
  • 4-Digit Zip Code: 4212
  • Zip Code: 07960

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $19,985

    Appraisal Valuation

  • Standard Deviation: 0.2037
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 72
  • Final Value: 1,293,805
  • High Value: 1,557,420
  • Low Value: 1,030,190

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $720,000
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: May 10, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $720,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: May 01, 2049

    Market Valuation

  • Market Total Value: $879,862
  • Market Land Value: $338,153
  • Market Improvement Value: $541,709

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $687,700
  • Assessed Land Value: $264,300
  • Assessed Improvements Value: $423,400

    Sales

  • Current Sale Contract Date: Apr 25, 2019
  • Current Sale Recording Date: May 10, 2019
  • Current Sale Transaction ID: 11612227749
  • Current Sale Price: $962,475
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2019023042
  • Previous Sale Recording Date: Jul 28, 2016
  • Previous Sale Contract Date: Jul 01, 2016
  • Previous Sale Amount: $995,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: May 10, 2019
  • First Mortgage Loan Amount: $720,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: May 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: NEW JERSEY LENDERS CORP
  • Previous Mortgage Transaction Date: Jul 28, 2016
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $796,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Aug 01, 2046

About Morristown



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 50 Morris Avenue located in?
The 50 Morris Avenue is a located in the neighborhood of Morris in Morristown, Morristown.
What is the average sales price for listings in 50 Morris Avenue?
The average sales price for units in 50 Morris Avenue is $0 currently.

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