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3 Parkwood Ln

Mendham Township, NJ 07945

4 bd 5 ba 5,573 sqft Built 1988 Lot 130,680 sqft single_family
Most recent sale
$1,640,000
Jan 9, 2023

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jan 9, 2023 Sold $1,640,000 GardenState
Oct 2, 2020 Sold $1,395,000 Public Record
Aug 21, 2020 Sold $1,395,000 GardenState
Aug 6, 2004 Sold $1,412,500 Public Record
Jan 20, 1989 Sold $1,280,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $1,304,200 $560,000 $1,864,200 $31,377
2024 $1,151,200 $555,000 $1,706,200 $30,835
2023 $1,005,600 $403,000 $1,408,600 $29,425
2022 $978,000 $390,000 $1,368,000 $28,919
2021 $864,900 $450,000 $1,314,900 $29,098
2020 $864,900 $450,000 $1,314,900 $28,914
2019 $864,900 $450,000 $1,314,900 $28,375
2018 $841,400 $450,000 $1,291,400 $27,338
2017 $841,400 $450,000 $1,291,400 $26,706
2016 $841,400 $450,000 $1,291,400 $26,667
2015 $841,400 $450,000 $1,291,400 $26,176
2014 $841,400 $450,000 $1,291,400 $25,582
2013 $841,400 $450,000 $1,291,400 $25,027
2012 $841,400 $450,000 $1,291,400 $24,769
2011 $841,400 $450,000 $1,291,400 $24,549
2009 $960,700 $530,000 $1,490,700 $24,268
2008 $960,700 $530,000 $1,490,700 $23,165
2007 $960,700 $530,000 $1,490,700 $24,298

Property facts

Year built
1988
Property type
single_family
Stories
Beds
4
Baths
5
Living area
5,573 sqft
Lot size
130,680 sqft
ZIP code
07945
City
Mendham Township
Street
Parkwood Ln
Coordinates
40.80763, -74.60062

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$8,360
Gross rental yield
6.12%
Implied cap rate
3.98%
Trend-extrapolated value

Frequently asked questions

When did 3 Parkwood Ln last sell?
3 Parkwood Ln most recently sold on Jan 9, 2023 for $1,640,000.
What is the current tax assessment for 3 Parkwood Ln?
The most recent total assessment for 3 Parkwood Ln (year 2025) is $1,864,200 with $31,377 in property tax.
How does 3 Parkwood Ln's assessment compare to its last sale price?
The current assessment is 13.7% above the last sale price of $1,640,000.
When was 3 Parkwood Ln built?
3 Parkwood Ln was built in 1988.
How does 3 Parkwood Ln compare to others on Parkwood Ln?
We track 1 other property on Parkwood Ln. Browse the list under "Other properties on Parkwood Ln" to compare beds, baths, and sale history.
What are the property facts for 3 Parkwood Ln?
3 Parkwood Ln is a 4 bed, 5 bath, 5,573 sqft, 130,680 sqft lot single_family.
Is 3 Parkwood Ln a flip candidate?
No — 3 Parkwood Ln does not appear in our flips dataset.
Is 3 Parkwood Ln a tax-appeal candidate?
No — 3 Parkwood Ln is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+3.6%
Implied 1-yr
+14.4%
2026 Q3
$1.92M
2026 Q4
$1.92M
ZIP 07945 — Median Price History + Forecast

Explore nearby

Other properties on Parkwood Ln