Set on a rare double lot with potential for subdivision, this ranch-style home presents an exceptional opportunity for investors, builders, or homeowners seeking to expand and maximize value. Whether you envision subdividing or customizing and enlarging the existing residence, the possibilities are extensive. This 3-bedroom, 1-bath home features an inviting eat-in kitchen, a comfortable living room, hardwood floors throughout, and generous closet space. A full basement provides added flexibility, while the 1-car garage ensures convenient parking and storage. Outside, a large, level, fully fenced yard creates the perfect setting for outdoor enjoyment. Ideally located near shopping, restaurants, and schools, this property blends comfort, space, and future potential. Highest & Best due Monday, May 4th-1:00pm
Under contract
$499,900
48 Prospect Rd, Parsippany-Troy Hills Twp., NJ 07054
3beds
--sqft
Est.:
Single Family Residence
Built in 1960
10,018.8 Square Feet Lot
$-- Zestimate®
$--/sqft
$34/mo HOA
What's special
Full basementGenerous closet spaceHardwood floors throughoutInviting eat-in kitchenRare double lot
- 16 days |
- 3,008 |
- 140 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Frank Cooney 973-227-7000,
Century 21 The Crossing
Source: GSMLS,MLS#: 4023982
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Description: 1st Floor
Bedroom 1
- Level: First
- Area: 154
- Dimensions: 14 x 11
Bedroom 2
- Level: First
- Area: 110
- Dimensions: 11 x 10
Bedroom 3
- Level: First
- Area: 117
- Dimensions: 13 x 9
Kitchen
- Features: Eat-in Kitchen
- Level: First
- Area: 140
- Dimensions: 14 x 10
Living room
- Level: First
- Area: 240
- Dimensions: 20 x 12
Basement
- Features: Storage Room
Heating
- 1 Unit, Forced Air, Natural Gas
Cooling
- Attic Fan
Appliances
- Included: Dryer, Range/Oven-Electric, Washer, Gas Water Heater
Features
- Flooring: Tile, Vinyl-Linoleum, Wood
- Basement: Yes,Full,Unfinished
- Has fireplace: No
Property
Parking
- Total spaces: 3
- Parking features: Asphalt, Built-In Garage, Oversized
- Attached garage spaces: 1
- Uncovered spaces: 3
Features
- Fencing: Metal Fence
Lot
- Size: 10,018.8 Square Feet
- Dimensions: .230 AC
- Features: Level
Details
- Parcel number: 2329002420000000160000
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Shingle
- Roof: Asphalt Shingle
Condition
- Year built: 1960
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected, Cable Available, Garbage Included
Community & HOA
Community
- Subdivision: Lake Parsippany
HOA
- Has HOA: Yes
- Services included: See Remarks
- HOA fee: $410 annually
Location
- Region: Parsippany
Financial & listing details
- Tax assessed value: $211,400
- Annual tax amount: $7,485
- Date on market: 4/29/2026
- Exclusions: Refrigerator, wood burning stove in basement
- Ownership type: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Pending sale | $499,900 |
Source:  GSMLS #4023982 Report a problem | ||
| 4/29/2026 | Listed for sale | $499,900+120.2% |
Source: GSMLS #4023982 Report a problem | ||
| 4/19/2002 | Sold | $227,000+41.9% |
Source: Public Record Report a problem | ||
| 1/22/2002 | Sold | $160,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,344 | $211,400 |
| 2024 | $7,344 +2.3% | $211,400 |
| 2023 | $7,181 +4.1% | $211,400 |
| 2022 | $6,898 +3% | $211,400 |
| 2021 | $6,699 +5.2% | $211,400 |
| 2020 | $6,365 +2.2% | $211,400 |
| 2019 | $6,226 +2.3% | $211,400 |
| 2018 | $6,086 +1.8% | $211,400 |
| 2017 | $5,981 +2.7% | $211,400 |
| 2016 | $5,822 +1.3% | $211,400 |
| 2015 | $5,746 +2.3% | $211,400 |
| 2014 | $5,615 +4% | $211,400 |
| 2012 | $5,397 +2.2% | $211,400 |
| 2011 | $5,279 +4.5% | $211,400 |
| 2010 | $5,052 +4.7% | $211,400 |
| 2009 | $4,824 | $211,400 |
| 2008 | -- | $211,400 |
| 2007 | -- | $211,400 |
| 2006 | -- | $211,400 |
| 2005 | -- | $211,400 |
| 2003 | -- | $211,400 +163.9% |
| 2002 | -- | $80,100 |
| 2001 | -- | $80,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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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: 0.2 mi
- 6/10Brooklawn Middle SchoolGrades: 6-8Distance: 0.7 mi
- 8/10Parsippany Hills High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Lkparspny
- Middle: Brooklawn
- High: Par-hills
Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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
- 48 Prospect Rd
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