What is the assessed value of 35 Independence Way, Morris Twp, NJ?

The total municipal assessment is $458,000 (land plus improvements).

What is 35 Independence Way, Morris Twp, NJ worth?

Our model estimates a market value of $732,278, derived from comparable recorded sales nearby.

How many units does 35 Independence Way, Morris Twp, NJ have?

Records show 1 dwelling unit at 35 Independence Way, Morris Twp, NJ.

What kind of property is 35 Independence Way, Morris Twp, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1981.

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35 Independence Way, Morris Twp, NJ — owner, sales, deeds · parceldata

35 Independence Way

Morris Twp, NJ 07960·Morris County

1422·block 8701·lot 25

$732,278estimated value

Last sale

2/19/1998 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1981

Building size

1,778 sq ft

Lot size

0.14 ac

Land description

.135 AC

Building description

TWNHS-C

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$458,000

Land value

$246,800

Improvement value

$211,200

Last year's tax

$9,169

Last MOD-IV sale

$230,000

MOD-IV deed date

12/1/1997

Owner mailing address

35 INDEPENDENCE WAY
MORRISTOWN, NJ 07960

Estimated market value

$732,278

range $703,513 – $780,222

moderate confidence

Assessment-implied: $627,569; Director's Ratio 0.7298 (2025)
Comp-implied: $767,181; 30 comparable sales

Estimated value, last 11 years

2016: $509,411 → 2026: $732,278

Based on 30 comparable sales

Address	Sold	Price
34 Byron Ave

Bordering

200-ft notice list →

Punchbowl Rd/common Area
Lot 1
Punch Bowl Rd
Lot 1·$759,400
33 Independence Way
Lot 24·$502,000
37 Independence Way
Lot 26·$480,300
Common Area
Lot 64

Block 8701All of Block 8701 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "35 INDEPENDENCE WAY MORRISTOWN NJ 07960"
    ],
    "zipKeys": [
      "35 INDEPENDENCE WAY 07960"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1422_8701_25",
  "county_code": "14",
  "district_code": "22",
  "block": "8701",
  "lot": "25",
  "qualifier": "",
  "property_location": "35 INDEPENDENCE WAY",
  "property_class": "2",
  "bldg_class": "37",
  "bldg_desc": "TWNHS-C",
  "land_desc": ".135 AC",
  "year_built": 1981,
  "living_sqft": 1778,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "24680000",
  "improvement_value_cents": "21120000",
  "net_value_cents": "45800000",
  "last_yr_tx_cents": "916916",
  "deed_date": "1997-12-01",
  "deed_book": "4720",
  "deed_page": "240",
  "sale_price_cents": "23000000",
  "sales_code": null,
  "owner_mailing_street": "35 INDEPENDENCE WAY",
  "owner_mailing_city_state_zip": "MORRISTOWN, NJ  07960",
  "mun_name": "MORRIS TWP",
  "calc_acre": "0.135000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.44410425068183,
  "centroid_lat": 40.781428953224456
}

SR1A

[
  {
    "id": "ab66bae3-f6bf-4a48-8a91-a638fae1e784",
    "property_id": "89560653-3fa6-4a76-80d0-1a47199c7e59",
    "county_code": "14",
    "district_code": "22",
    "block": "8701",
    "lot": "25",
    "qualifier": "",
    "deed_book": "4720",
    "deed_page": "240",
    "deed_date": "1997-12-09",
    "date_recorded": "1998-02-19",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "d9bc5b3f-4766-4bc5-b1d8-2603fbde3df7",
    "property_id": "89560653-3fa6-4a76-80d0-1a47199c7e59",
    "county_code": "14",
    "district_code": "22",
    "block": "8701",
    "lot": "25",
    "qualifier": "",
    "deed_book": "4720",
    "deed_page": "245",
    "deed_date": "1997-08-25",
    "date_recorded": "1998-02-19",
    "sale_price_cents": "23000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "e7ef142c-8291-402d-b94b-d0edecf20880",
    "property_id": "89560653-3fa6-4a76-80d0-1a47199c7e59",
    "county_code": "14",
    "district_code": "22",
    "block": "8701",
    "lot": "25",
    "qualifier": "",
    "deed_book": "4720",
    "deed_page": "240",
    "deed_date": "1997-12-01",
    "date_recorded": "1997-12-01",
    "sale_price_cents": "23000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "7e050b3a-fac8-4a66-a3cf-bba1e3aba043",
    "property_id": "89560653-3fa6-4a76-80d0-1a47199c7e59",
    "county_code": "14",
    "district_code": "22",
    "block": "8701",
    "lot": "25",
    "qualifier": "",
    "deed_book": "3328",
    "deed_page": "239",
    "deed_date": "1990-06-28",
    "date_recorded": "1990-06-28",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

What is the assessed value of 35 Independence Way, Morris Twp, NJ?: The total municipal assessment is $458,000 (land plus improvements).
What is 35 Independence Way, Morris Twp, NJ worth?: Our model estimates a market value of $732,278, derived from comparable recorded sales nearby.
How many units does 35 Independence Way, Morris Twp, NJ have?: Records show 1 dwelling unit at 35 Independence Way, Morris Twp, NJ.
What kind of property is 35 Independence Way, Morris Twp, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1981.

Sales history

2/19/1998$0
taxrecords_njBk 4720 / Pg 240
2/19/1998$230,000
taxrecords_njBk 4720 / Pg 245
12/1/1997$230,000
MOD-IV (Rutgers)Bk 4720 / Pg 240
6/28/1990$1
MOD-IV (Rutgers)Bk 3328 / Pg 239

Date	Price	Book / Page	Source
2/19/1998	$0	4720 / 240	taxrecords_nj
2/19/1998	$230,000	4720 / 245	taxrecords_nj
12/1/1997	$230,000	4720 / 240	MOD-IV (Rutgers)
6/28/1990	$1	3328 / 239	MOD-IV (Rutgers)