DOVER — A recently built home at 107 Oak Street sold for $650,000, surpassing its listing price of $629,900 and highlighting the continued demand for homes in Morris County. Constructed in 2024, the property offered modern design, energy efficiency, and the latest smart home features, making it highly attractive to buyers.
The home was listed by Christian Vega of Realty Executives Exceptional and was sold with the representation of Samuel John Burchill of Coldwell Banker Realty. With 2024 property taxes set at $3,005, the property provided new construction benefits at a competitive price.
Why 107 Oak Street Stood Out
Located in a quiet residential neighborhood, the home offered easy access to public transportation and major highways, including Interstate 80, Route 46, and Route 10. The Dover train station was also nearby, making it a great option for commuters looking for suburban living with urban accessibility.
As a newly built home, the property featured contemporary finishes, energy-efficient systems, and modern amenities, catering to buyers who preferred move-in-ready homes without the need for renovations. With demand for new homes outpacing supply in the region, properties like this sold quickly and at premium prices.
Morris County Real Estate Market Trends
The sale of 107 Oak Street reflected a larger trend in Morris County, where high demand and low inventory continued to drive home values upward. Many buyers initially focused on larger towns in the area expanded their search to Dover, Rockaway, and Wharton, where newer homes and competitive pricing made for attractive options.
Real estate professionals noted that Morris County remained one of the most desirable areas in North Jersey, with well-located homes often receiving multiple offers and selling above asking price.
Was It a Good Time to Buy or Sell?
With home values rising and mortgage rates fluctuating, buyers remained motivated to purchase before prices climbed further, while sellers benefited from strong demand and competitive bidding.
For those considering buying or selling in Morris County, working with a local real estate expert was key to navigating this fast-moving market.
Other recent home sales in Dover:
| Street Address | Sales Price |
|---|---|
| 106 West Chrystal Street | $480,000 |
| 48 South Highland Avenue | $550,000 |
| 11 Livingston Avenue | $590,000 |
| 15 Yale Street | $450,000 |
| 11 Spruce Street | $360,000 |
| 27 East Chrystal Street | $460,000 |
| 70 Sammis Avenue | $500,000 |
| 3 Audrey Place | $575,000 |
| 250 Ann Street | $900,000 |
| 14 Grace Street | $670,000 |
| 18 New Street | $400,000 |
| 28 Elizabeth Street | $561,500 |
| 107 Oak Street | $650,000 |
| 26 Liberty Street | $400,000 |
| 11 North Linden Place | $480,000 |
| 32 Summer Avenue | $415,000 |
| 101 Harding Avenue | $460,000 |
| 365 West Clinton Street | $500,000 |
| 60 New Street | $434,000 |
| 94 Baker Avenue | $470,000 |
| 8 Lincoln Avenue | $420,000 |
| 26 Parker Street | $371,999 |
| 2 Hillcrest Avenue | $515,000 |
| 42 Elena Place | $590,000 |
| 210 Baker Street | $520,000 |
| 68 Grant Street | $320,000 |
