Parsons Village in Morristown NJ

Parsons Village Morristown NJ

Parsons Village Morristown NJ

Parsons Village in Morristown NJ is a co-op community located at 320 South St just off of Exit 35 from Interstate 287 North.  The expansive complex includes 198 units.

Parsons Village, originally built as an apartment complex in the late 1960s was incorporated as a Co-op in 1984.  Parsons Village has mostly one-bedroom, one bathroom units with many of the lower units having basements as well; however there also are two bedroom units some as large as two bedroom, two bathroom units with finished basements.

Units in Parsons Village have sold from the mid $100ks to as high as $350k for the larger two-bedroom units. The monthly maintenance fee start at around $600.  While the fee is higher than many condo communities it includes heat, hot water, maintenance and taxes.  As the fee includes taxes, more than 50% of the maintenance fee can be used as a tax deduction. Unlike condo living where you own your unit as fee simple ownership, in a co-op you own shares of a corporation and you are leasing the space through the corporation as an owning member.

Parson’s Village offers amenities such as an outdoor pool and playground. The location provides easy access to all that Morristown has to offer. Additionally, it is an ideal commuter location with quick access to Interstate 287 as well as the Morristown and Convent Station train stations.

Pets are allowed in the complex, which is a huge perk for pet lovers. Garages are available for an additional fee. Eco-conscious homeowners will also be happy to know that solar panels were recently added to three of the buildings.

 

Please see table below for properties sold in Parsons Village in Morristown, NJ in 2014:

Street Number Street Name Sales Price List Price Style Of Home Beds Bath Days On Market Closing Date
320 South Street 16B 295000 299000 TwnIntUn,MultiFlr 2 2.1 77 5/7/2014
320 South Street 11N 187500 192500 OneFloor, 1 1 25 4/18/2014

 

Please see table below for properties sold in Parsons Village in Morristown, NJ in 2013:

Street Number Street Name Sales Price List Price Style Of Home Beds Bath Days On Market
320 South St 15-D 155000 172500 OneFloor, 1 1 175
320 South Street 5-E 170000 187500 FirstFlr, 1 1 71
320 South St 10-E 165000 179500 FirstFlr, 1 1 120
320 South St – 9L 183000 187500 SeeRem,OneFloor 1 1 61
320 SOUTH ST 5D 165000 177000 OneFloor, 1 1 33
320 South St 11-H 187500 200000 OneFloor, 1 1 34
320 South St 185000 185000 SeeRem, 1 1 71
320 South St 10-I 181000 187000 FirstFlr,OneFloor,TwnIntUn 1 1 41
320 SOUTH STREET 160000 160000 OneFloor, 1 1 62
320 South St Unit 9D 165000 173900 OneFloor, 1 1 30
320 South St 192000 199000 OneFloor, 1 1 37

 

If you are interested in finding out more about Parsons Village in Morristown NJ or finding out about home values in Parsons Village please don’t hesitate to contact me.

Check out the latest coops for sale at Parsons Village in Morristown NJ.

  1. 2 beds, 1.1 baths
    Home size: 1,710 sq ft
    Lot size: 14.10 ac
    Year built: 1966
    Days on market: 6
  2. 1 bed, 1 bath
    Lot size: 14.13 ac
    Year built: 2011
    Days on market: 36

See all Real estate in the Parsons Village tract.
(all data current as of 12/18/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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