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2 William Way, Long Valley, NJ, 07853

5beds
4baths
4,919sqft
$1,150,000
$234price/sqft
$8,421/moest. monthly cost
$336,840/yrincome needed

About This Home

A truly rare Long Valley opportunity highlighted by three exceptional features: a private, fully equipped in-law/multigenerational suite, a resort-like backyard with saltwater pool, and an exceptional, private neighborhood setting.The impressive in-law/multigenerational suite offers its own private entrance plus interior access from the 2nd floor of the main home, providing an ideal balance of independence, privacy & connection. This substantial secondary living space features a full kitchen w/breakfast bar, spacious dining room, living room w/fireplace, private balcony, full bath w/tub & shower & generously sized bedroom w/double closet?offering exceptional flexibility for a variety of living arrangements while providing privacy, independence & convenient connection to the main residence.The resort-like backyard retreat features an in-ground saltwater pool w/waterfall, expansive patio, fire pit & fully fenced open grounds?an exceptional setting for relaxing & entertaining.The main residence offers 5 bedrooms, 3 1/2 baths, a large family room w/fireplace, formal living & dining rooms, private first-floor office & oversized center-island kitchen w/abundant cabinetry and sunlit breakfast area. A remarkable combination of multigenerational living, resort-style amenities & a private neighborhood setting in Long Valley with a top-rated school system. List of updates available. Some photos have been staged.

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
21
BikeSomewhat Bikeable

Schools

8/10
7/10

Construction

Condition

  • Year built: 1991

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial,Custom Home
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Carbon Monoxide Detector,Gas Cooktop,Dishwasher,Dryer,Wall Oven(s) - Electric,Washer,Water Filter,Gas Water Heater

Basement

  • Features: Storage Room, Utility Room

Basement

  • Has basement: Yes
  • Basement: Yes,Full

Bedroom1

  • Level: Second
  • Area: 350

Bedroom2

  • Level: Second
  • Area: 196

Bedroom3

  • Level: Second
  • Area: 168

Bedroom4

  • Level: Second
  • Area: 130

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Dining Room

  • Features: Formal Dining Room
  • Level: First
  • Area: 224

Family Room

  • Level: First
  • Area: 437

Features

  • Living/Dining Room,Bedroom,In-Law Floorplan
  • Window features: Skylight(s)
  • Flooring: Carpet,Marble,Tile,Wood
  • Number of fireplaces: 2
  • Fireplace features: Family Room,Living Room,See Remarks,Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: 3 Units,Forced Air,Zoned,Natural Gas
  • Cooling features: 3 Units,Ceiling Fan(s),Central Air,House Exhaust Fan

Interior Area

  • Total structure area: 4,919
  • Total interior livable area: 4,919 sqft

Kitchen

  • Features: Kitchen Island,Eat-in Kitchen,Pantry
  • Level: First
  • Area: 350

Living Room

  • Level: First
  • Area: 266

Master Bathroom

  • Features: Stall Shower

Property

Details

  • Parcel number: 2338000320002000170000
  • Zoning description: Residential

Features

  • Private pool: Yes
  • Pool features: In Ground
  • Patio & porch: Patio
  • Exterior features: Curbs
  • Has spa: Yes
  • Spa features: Bath
  • Fencing: Metal Fence
  • Has view: Yes
  • View description: Skyline

Lot

  • Lot size: 1.84 Acres
  • Features: Cul-De-Sac,Open Lot
  • Lot size dimensions: 1.840 AC

Parking

  • Total spaces: 3
  • Parking features: 2 Car Width,Asphalt,Circular Driveway,Attached Garage,Oversized
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Drought
Inland Flooding
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,815$69,780
Home Insurance *$301$3,612
Property Taxes $1,763$21,156
Electricity $542$6,506
Total$8,421$101,052
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$288,720/yr
40% on housing$252,630/yr
45% on housing$224,560/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.8%
6.8%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$234This listing

vs Other Active Listings

Avg $/sqft

ZIP 07853$318
Morris County$395

vs Homes Sold Last Month

Median $/sqft

ZIP 07853$281
Morris County$367

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-24Price change$1,150,000
2026-07-17Listed for sale$1,225,000
2022-01-14Sold$790,000
2021-11-05Listed for sale$700,000
2013-07-22Sold$550,000
2012-06-05Listing removed$625,000
2011-12-10Price change$625,000
2011-09-07Price change$675,000
2011-06-02Price change$725,000
2011-05-17Listed for sale$765,000
1994-06-14Sold$64,000

For Sale by Agent

AgentCourtney Orlando
BrokerageCompass New Jersey, Llc

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