Prime Parsippany Opportunity – Renovate, Expand, or Build Your Dream Home. Sold Strictly AS-IS
Exceptional opportunity for homeowners, investors, builders, and developers in one of Parsippany's most desirable neighborhoods: Lake Parsippany.
Whether you're looking to renovate the existing home, expand it, or start fresh with a custom luxury build, this is a rare chance to bring your vision to life. Potential plans may include a spacious home with 4 bedrooms, 3 full baths, a full basement, and an attached 2-car garage — subject to township approvals, permits, zoning, and buyer due diligence.
Why This Location:
Steps from beautiful Lake Parsippany
Walking distance to top-rated Lake Parsippany Elementary School
Served by Brooklawn Middle School and Parsippany Hills High School
Quick access to Rt 80, 287, 46, and 10
Easy NJ Transit access to NYC
Highlights:
Desirable established residential neighborhood with strong surrounding home values
Renovation, expansion, or new build potential
Ideal for builders, investors, or end users
Property sold strictly AS-IS — no representations made regarding condition, approvals, zoning, permits, or future development potential
Buyer responsible for all due diligence, inspections, permits, and approvals
Bring your contractor, architect, and imagination. Serious inquiries only.
For sale by owner
$549,900
251 Marcella Rd, Parsippany, NJ 07054
3beds
1,200sqft
SingleFamily
Built in 1940
7,840 Square Feet Lot
$554,200 Zestimate®
$458/sqft
$-- HOA
What's special
Detached garage with workshopOffice nookFormal dining room
- 3 days |
- 793 |
- 23 |
Listed by:
Property Owner (973) 224-0896
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Baseboard, Other
Cooling
- Other
Appliances
- Included: Range / Oven, Refrigerator, Washer
- Laundry: In Unit
Features
- Flooring: Tile
- Basement: None
- Has fireplace: No
Interior area
- Total interior livable area: 1,200 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Detached, Off-street
Features
- Exterior features: Vinyl
- Has view: Yes
- View description: None
Lot
- Size: 7,840 Square Feet
Details
- Parcel number: 2900214000000006
Construction
Type & style
- Home type: SingleFamily
Materials
- Frame
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1940
Community & HOA
Location
- Region: Parsippany
Financial & listing details
- Price per square foot: $458/sqft
- Tax assessed value: $205,900
- Annual tax amount: $7,153
- Date on market: 6/9/2026
Estimated market value
$554,200
$521,000 - $587,000
$3,219/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Listed for sale | $549,900+120%$458/sqft |
Source: Owner Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/29/2019 | Listing removed | $2,150$2/sqft |
Source: Owner Report a problem | ||
| 11/5/2018 | Listed for rent | $2,150+2.4%$2/sqft |
Source: Owner Report a problem | ||
| 8/6/2015 | Listing removed | $2,100$2/sqft |
Source: Owner Report a problem | ||
| 7/7/2015 | Listed for rent | $2,100$2/sqft |
Source: Owner Report a problem | ||
| 7/1/2015 | Sold | $250,000-16.7%$208/sqft |
Source: | ||
| 3/24/2015 | Listing removed | $300,000$250/sqft |
Source: RE/MAX Home Connection Report a problem | ||
| 3/19/2015 | Price change | $300,000+9.1%$250/sqft |
Source: RE/MAX Home Connection Report a problem | ||
| 2/25/2015 | Price change | $275,000-5.2%$229/sqft |
Source: RE/MAX Home Connection #3148334 Report a problem | ||
| 1/9/2015 | Price change | $290,000-3.3%$242/sqft |
Source: RE/MAX Home Connection #3148334 Report a problem | ||
| 11/19/2014 | Price change | $300,000-7.7%$250/sqft |
Source: RE/MAX Home Connection #3148334 Report a problem | ||
| 9/14/2014 | Price change | $325,000-1.5%$271/sqft |
Source: RE/MAX Home Connection #3148334 Report a problem | ||
| 6/10/2014 | Listed for sale | $330,000$275/sqft |
Source: RE/MAX Home Connection #3148334 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,153 | $205,900 |
| 2024 | $7,153 +2.3% | $205,900 |
| 2023 | $6,994 +4.1% | $205,900 |
| 2022 | $6,719 +3% | $205,900 |
| 2021 | $6,525 +5.2% | $205,900 |
| 2020 | $6,200 +2.2% | $205,900 |
| 2019 | $6,064 +2.3% | $205,900 |
| 2018 | $5,928 +1.8% | $205,900 |
| 2017 | $5,825 +2.7% | $205,900 |
| 2016 | $5,670 +1.3% | $205,900 |
| 2015 | $5,596 +2.3% | $205,900 |
| 2014 | $5,469 +1.7% | $205,900 |
| 2013 | $5,378 +2.3% | $205,900 |
| 2012 | $5,257 +3.4% | $205,900 |
| 2011 | $5,081 +4.5% | $205,900 +1.2% |
| 2010 | $4,864 +4.7% | $203,500 |
| 2009 | $4,644 | $203,500 |
| 2008 | -- | $203,500 +2.5% |
| 2007 | -- | $198,500 |
| 2006 | -- | $198,500 |
| 2005 | -- | $198,500 |
| 2003 | -- | $198,500 +186.8% |
| 2002 | -- | $69,200 |
| 2001 | -- | $69,200 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Lake Parsippany
Nearby schools
GreatSchools rating
- 9/10Lake Parsippany Elementary SchoolGrades: K-5Distance: 0.1 mi
- 7/10Brooklawn Middle SchoolGrades: 6-8Distance: 0.7 mi
- 8/10Parsippany Hills High SchoolGrades: 9-12Distance: 1 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Jersey
- Morris County
- Parsippany
- 07054
- Lake Parsippany
- 251 Marcella Rd





