For prospective homebuyers eyeing the real estate market in the area of Morris County, here’s what sold for $400,000 or under over the week of Jan. 26 to Feb. 1.
Below, we provide an overview of the top five properties in each area, chosen for their proximity to the desired price range and the largest living spaces.
Please note that the properties in the list below are for real estate sales where the title was recorded during the week of Jan. 26, even if the property may have been sold earlier.
1. $400K, 2-bedroom house
Priced at $400,000 (equivalent to $330 per square foot), this single-family home, constructed in 1989 and situated at 31 Drake Lane, Ledgewood, was sold in January. The home spans 1,213 square feet of living area, with two bedrooms. The property comprises an 8,276-square-foot lot. The transaction was completed on Jan. 8.
2. $380K
In January, a condominium located at 40 Brookside Lane, Mount Arlington, changed ownership. The property, covering 1,092 square feet, was built in 1992 and was sold for $380,000, which calculates to $348 per square foot. The deal was closed on Jan. 9.
3. $353K
For a price tag of $353,000 ($408 per square foot), the condominium, built in 1999 and located at 81 Mountainview Court, Riverdale, changed hands in January. The home spans 865 square feet of living area. The deal was finalized on Jan. 9.
4. $329K, 1 bedroom / 1 bathroom
At $329,000 ($442 per square foot), the condominium located at 116 Pitney Place, Morristown, offered another opportunity below the targeted price range when it changed hands in January. This property, built in 1963, provides 745 square feet of living space, featuring one bedroom and one bathroom, and sits on a 4,021-square-foot lot. The transaction was completed on Jan. 12.
5. $325K
This single-family house underwent a change of ownership in January. Located at 37 Garnet Drive, Oak Ridge, the house spans 1,321 square feet and was sold for $325,000, or $246 per square foot. The property sits on a lot measuring a 0.5-acre, and it was built in 1933. The deal was closed on Jan. 9.
