When was 161 Madison Ave, Morristown, NJ last sold?

The most recent recorded sale was in 2023 for $21,500,000.

What is the assessed value of 161 Madison Ave, Morristown, NJ?

The total municipal assessment is $20,839,200 (land plus improvements).

What is 161 Madison Ave, Morristown, NJ worth?

Our model estimates a market value of $22,227,285, derived from comparable recorded sales nearby.

What kind of property is 161 Madison Ave, Morristown, NJ?

MOD-IV classifies it as Commercial (class 4A).

parceldata.nj

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161 Madison Ave, Morristown, NJ — owner, sales, deeds · parceldata

161 Madison Ave

Morristown, NJ·Morris County

1424·block 1402·lot 3

$22,227,285estimated value

Last sale

$21,500,000

6/14/2023 · taxrecords_nj

20 other properties share this owner's mailing address.View portfolio →

Property

Type

Commercial

Tax class

Commercial

Year built

—

Building size

—

Lot size

6.60 ac

Land description

—

Building description

OFFICE BLDG.

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$20,839,200

Land value

$8,250,000

Improvement value

$12,589,200

Last year's tax

$350,307

Last MOD-IV sale

$21,500,000

MOD-IV deed date

6/7/2023

Owner mailing address

200 SHEFFIELD ST
MOUNTAINSIDE, NJ 07092

Estimated market value

$22,227,285

range $20,031,445 – $24,423,124

high confidence

Assessment-implied: $23,024,196; Director's Ratio 0.9051 (2025)
Comparable sales: 3 (below threshold)

Estimated value, last 11 years

2016: $14,523,007 → 2026: $22,227,285

dots are actual sale prices for this property

Bordering

200-ft notice list →

Village Dr Common Area
Lot 1
169 Madison Ave
Lot 2·$7,066,200
151 Madison Ave
Lot 4·$14,307,000
35 Turtle Rd
Lot 5·$8,034,600

Block 1402All of Block 1402 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 20,
  "portfolioKeys": {
    "fullKeys": [
      "200 SHEFFIELD ST MOUNTAINSIDE NJ 07092"
    ],
    "zipKeys": [
      "200 SHEFFIELD ST 07092"
    ]
  },
  "effective_unit_count": null,
  "effective_unit_count_source": "none"
}

MOD-IV

{
  "pams_pin": "1424_1402_3",
  "county_code": "14",
  "district_code": "24",
  "block": "1402",
  "lot": "3",
  "qualifier": "",
  "property_location": "161 MADISON AVE",
  "property_class": "4A",
  "bldg_class": null,
  "bldg_desc": "OFFICE BLDG.",
  "land_desc": null,
  "year_built": null,
  "living_sqft": null,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "825000000",
  "improvement_value_cents": "1258920000",
  "net_value_cents": "2083920000",
  "last_yr_tx_cents": "35030695",
  "deed_date": "2023-06-07",
  "deed_book": "24613",
  "deed_page": "544",
  "sale_price_cents": "2150000000",
  "sales_code": null,
  "owner_mailing_street": "200 SHEFFIELD ST",
  "owner_mailing_city_state_zip": "MOUNTAINSIDE, NJ  07092",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "6.600000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": "100",
  "fac_name": null,
  "centroid_lon": -74.45891244025003,
  "centroid_lat": 40.78783919914585
}

SR1A

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    "county_code": "14",
    "district_code": "24",
    "block": "1402",
    "lot": "3",
    "qualifier": "",
    "deed_book": "24613",
    "deed_page": "544",
    "deed_date": "2023-06-07",
    "date_recorded": "2023-06-14",
    "sale_price_cents": "2150000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
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]

API record·permalink

Frequently asked questions

When was 161 Madison Ave, Morristown, NJ last sold?: The most recent recorded sale was in 2023 for $21,500,000.
What is the assessed value of 161 Madison Ave, Morristown, NJ?: The total municipal assessment is $20,839,200 (land plus improvements).
What is 161 Madison Ave, Morristown, NJ worth?: Our model estimates a market value of $22,227,285, derived from comparable recorded sales nearby.
What kind of property is 161 Madison Ave, Morristown, NJ?: MOD-IV classifies it as Commercial (class 4A).

Address	Sold	Price
168 James St	11/3/2023	$600,000
95 Madison Ave	8/18/2023	$62,210,000
168 James St	7/21/2023	$678,000

Sales history

6/14/2023$21,500,000
taxrecords_njBk 24613 / Pg 544
6/14/2023$21,500,000
SR1A 2023
6/7/2023$21,500,000
MOD-IV (Rutgers)Bk 24613 / Pg 544
7/14/2017$1
taxrecords_njBk 23161 / Pg 529
7/29/2009$0
taxrecords_njBk 21359 / Pg 216
7/27/2009$0
MOD-IV (Rutgers)Bk 21359 / Pg 216
11/3/2006$1,524,600
taxrecords_njBk 20659 / Pg 926
11/3/2006$5,838,525
taxrecords_njBk 20659 / Pg 938
11/3/2006$788,283
taxrecords_njBk 20659 / Pg 888
11/3/2006$1,771,008
taxrecords_njBk 20659 / Pg 896
11/3/2006$7,363,125
taxrecords_njBk 20659 / Pg 906
11/3/2006$2,598,750
taxrecords_njBk 20659 / Pg 915
11/3/2006$462,459
taxrecords_njBk 20659 / Pg 880
10/31/2006$5,838,525
MOD-IV (Rutgers)Bk 20659 / Pg 938

Date	Price	Book / Page	Source
6/14/2023	$21,500,000	24613 / 544	taxrecords_nj
6/14/2023	$21,500,000	—	SR1A 2023
6/7/2023	$21,500,000	24613 / 544	MOD-IV (Rutgers)
7/14/2017	$1	23161 / 529	taxrecords_nj
7/29/2009	$0	21359 / 216	taxrecords_nj
7/27/2009	$0	21359 / 216	MOD-IV (Rutgers)
11/3/2006	$1,524,600	20659 / 926	taxrecords_nj
11/3/2006	$5,838,525	20659 / 938	taxrecords_nj
11/3/2006	$788,283	20659 / 888	taxrecords_nj