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61 Constitution Way

61 Constitution Way, Morristown, NJ 07960
Townhouse in Morris
Sold Aug 26, 2020
$509,000
$407,200 by Sunquest Funding Llc
Mortgage Due Sep 01, 2050
Sold Feb 04, 1989
$292,500
Local assessors in Morristown, NJ have categorized 61 Constitution Way as a residential type of property. The home was built in 1981 and is 43 years old. The property's lot size has been calculated to be 6,316 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. 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 61 Constitution Way has a total of 1,912 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 976 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 240 sqft. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. The building has a roof that is made of shingle (not wood). Lots of unknown were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 61 Constitution Way sold most recently in Aug 19, 2020 for a total of $509,000. If you work out the math, that's approximately a cost of $266.21 per sqft. Before that, the property was also sold for $292,500 in Feb 4, 1989. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $10,037 in taxes each year. 61 Constitution Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $500,600. If we break it down further, the land itself was valued at $247,300. Improvements to the property, however, were assessed at a total of $253,300. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Composition Board Siding
Stone Exterior
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Style: Townhouse
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 976
  • Garage Type: Attached
  • Garage Square Area: 240
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 6,316
  • Total Building Area: 1,912
  • Building Area: 1,912
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,912
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.145
  • Standard Land Use Code: Townhouse (residential)

Ownership

  • Current Owner : ODONNELL JOSEPH C
  • Previous Owner : FANNIE MAE

Neighborhood

  • School District Name: Morris Township School District
  • Census Tract: 043302

Zoning

  • Zoning: TH-8

Geography

  • District: 22
  • Parcel: 22 08705-0000-00001
  • Block: 8705
  • Lot: 1
  • Municipality: MORRIS TWP
  • Latitude: 40.7799
  • Longitude: -74.4439

    Address

  • Full Address: 61 Constitution Way
  • Address - House Number: 61
  • Address - Street Name: Constitution
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Morristown
  • Carrier Code: C027
  • 4-Digit Zip Code: 5753
  • Zip Code: 07960

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,037

    Appraisal Valuation

  • Standard Deviation: 0.159
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 697,161
  • High Value: 808,029
  • Low Value: 586,293

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $407,200
  • First Open Lien Mortgage Lender: SUNQUEST FUNDING LLC
  • First Open Lien Mortgage Recording Date: Aug 26, 2020
  • First Open Lien Mortgage Loan Amount: $407,200
  • 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: Sep 01, 2050

    Market Valuation

  • Market Total Value: $558,145
  • Market Land Value: $275,728
  • Market Improvement Value: $282,417

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $500,600
  • Assessed Land Value: $247,300
  • Assessed Improvements Value: $253,300

    Sales

  • Current Sale Contract Date: Aug 19, 2020
  • Current Sale Recording Date: Aug 26, 2020
  • Current Sale Transaction ID: 11787550520
  • Current Sale Price: $509,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020057342
  • Previous Sale Recording Date: Feb 04, 1989
  • Previous Sale Contract Date: Feb 04, 1989
  • Previous Sale Amount: $292,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUNQUEST FUNDING LLC
  • First Mortgage Transaction Date: Aug 26, 2020
  • First Mortgage Loan Amount: $407,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

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Frequently Asked Questions

What neighborhood is 61 Constitution Way located in?
The 61 Constitution Way is a townhouse located in the neighborhood of Morris in Morris, Morristown.
What is the average sales price for listings in 61 Constitution Way?
The average sales price for units in 61 Constitution Way is $0 currently.

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