Parsons Village Morristown New Jersey
Parsons Village Morristown New Jersey
Parsons Village Morristown originally built as an apartment complex (198 units) in 
the late 1960s was incorporated as a Co-op in the 1980’s. The community of Parson’s Village offers amenities such as an outdoor pool and playground. Consisting most of 1 br and 1 bath units, first floor units may have a basement. Two bedroom units some as large as two bedroom, two bathroom units with finished basements. You can visit Parsons Village Community home page here..will open in new window.
Units in Parsons Village have sold from the mid $100ks to as high as $350k for the larger two-bedroom units. Monthly maintenance fee start at around $600, which includes heat, hot water, maintenance and taxes. More than 50% of the maintenance fee can be used as a tax deduction. One dog permitted. Indoor cat permitted. Garages can be rented for $75/month if/when available. Co-Op board approval is required.
Note: Pets are allowed, garages are available for an additional fee, solar panels were recently added to three of the buildings.
Financials on Parsons Village Condos Morristown
- Average Price: $350,000 + –
- Estimated Taxes: $5,000 + –
- Avg Maint: $655 +
- BEFORE YOU BUY A CONDO….find some important things you should know
- Find the last known management company.
- See whether this community is FHA approved for financing
The Maintenance Fee, what does it pay for? Typically in most communities the maintenance fee covers: (Each complex is different as far as what is covered, but this is a general guide)
- Exterior maintenance, amenities, pool, guardhouse, gym, doorman etc.
- Snow removal & ground care
- Interior common area cleaning and maintenance
- Insurance of building, management fee.
- Capital improvement fund for roof, driveways walkway replacement.
In an older garden apartment type and high rise building community the maintenance may sometimes cover the heat and hot water.
Disclaimer: Estimated Maintenance & Taxes both change yearly in each complex and it would be remiss on our part to put an exact number since it may change at anytime. PLEASE VERIFY with our Community Specialist.
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