Date
Details
Price
Change
Source
4/29/2026
Listed
$499,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/20
$499,900 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 48 Prospect Rd
General
- Price: $499,900
- HOA FEE: $34/month
- HOA FEE FREQ.: Annually
- Taxes: $7,485 (2025)
- Status: Active
- Type: Single Family
- Source: Garden_State
- MLS ID: 4023982
- Updated: 4/29/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 5
- 1st Floor/Level 1: 3 Bedrooms, Bath Main, Kitchen, Living Room
- Lower Level: Storage Room
- Interior Features: Carbon Monoxide Detector, Smoke Detector, Tub Shower
- Appliances: Dryer, Electric Range and Oven, Washer
- Flooring: Tile, Vinyl-Linoleum, Wood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
- Primary Bedroom: 1st Floor
- Bedroom 1: 14 x 11, First
- Bedroom 2: 11 x 10, First
- Bedroom 3: 13 x 9, First
Other Rooms
- Living Room: 20 x 12, First
- Kitchen: Eat-In Kitchen, 14 x 10, First
Exterior
- Exterior Features: Metal Fence
- Color: Blue
Parking
- Garage: Yes
- Garage Spaces: 1
- Uncovered Spaces: 3
- Garage Description: Built-In Garage, Oversize Garage
Location
- County: Morris
- Subdivision: Lake Parsippany
- Driving Directions: Rt. 202 South, Marcella Road, left on Alloway, right on Prospect
School Information
- Elementary School: LKParspny
- Middle School: BrookLawn
- High School: Par-Hills
Community
- Assoc. Fees Include: See Remarks
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: Attic Fan
- Heating Type: 1 Unit, Forced Hot Air
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas, Cable TV Available, Garbage Included
Structural Information
- Architectural Style: Ranch
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Asphalt Shingles
- Year Built: 1960
Lot Features
- Lot Size (Acres): 0.23
- Lot Size: .230 AC
- Driveway/Sidewalk: Blacktop
- Zoning: Residential
- Lot Description: Level Lot
Financial Considerations
- Association Fee: $410
- Assoc Fee Freq.: Annually
- Assessment Amount: $211,400
- Land Assmt: $144,000
- Tax Amount: $7,485
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Refrigerator, wood burning stove in basement
- Disclosures: Yes
- APN: 2329-00242-0000-00016-0000-
- Block: 242
- Lot Number: 16
Listed by Century 21 The Crossing
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 48 Prospect Rd —
Century 21 The Crossing
973-227-7000
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 48 Prospect Rd
Tax History
Tax History for 48 Prospect Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,321
4%
$211,400
—
2022
$7,010
5%
$211,400
—
2021
$6,699
8%
$211,400
—
2018
$6,226
2%
$211,400
—
2017
$6,086
2%
$211,400
—
2016
$5,981
5%
$211,400
—
2015
$5,706
-10%
$211,400
—
2019
$6,365
16%
$211,400
—
2013
$5,499
—
$211,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 48 Prospect Rd
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48 Prospect Rd, Parsippany, NJ 07054 (MLS# 4023982) is a Single Family property with 3 bedrooms and 1 full bathroom. 48 Prospect Rd is currently listed for $499,900 and was received on April 29, 2026. Want to learn more about 48 Prospect Rd? Do you have questions about finding other Single Family real estate for sale in Parsippany? You can browse all Parsippany real estate or contact a Coldwell Banker agent to request more information.