When was 7 Lake Rd, Morristown, NJ last sold?

The most recent recorded sale was in 2020 for $250,000.

What is the assessed value of 7 Lake Rd, Morristown, NJ?

The total municipal assessment is $484,800 (land plus improvements).

What is 7 Lake Rd, Morristown, NJ worth?

Our model estimates a market value of $477,052, derived from comparable recorded sales nearby.

How many units does 7 Lake Rd, Morristown, NJ have?

Records show 1 dwelling unit at 7 Lake Rd, Morristown, NJ.

What kind of property is 7 Lake Rd, Morristown, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1926.

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7 Lake Rd, Morristown, NJ — owner, sales, deeds · parceldata

7 Lake Rd

Morristown, NJ·Morris County

1424·block 3004·lot 14

$477,052estimated value

Last sale

$250,000

6/18/2020 · SR1A 2020

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1926

Building size

1,144 sq ft

Lot size

0.10 ac

Land description

4257SF

Building description

2S S 1FAM

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$484,800

Land value

$334,800

Improvement value

$150,000

Last year's tax

$7,636

Last MOD-IV sale

$250,000

MOD-IV deed date

5/22/2020

Owner mailing address

14144 GALLOP TER
GERMANTOWN, MD 20874

Estimated market value

$477,052

range $395,700 – $511,065

moderate confidence

Assessment-implied: $535,631; Director's Ratio 0.9051 (2025)
Comp-implied: $544,570; 12 comparable sales

Estimated value, last 11 years

2016: $313,600 → 2026: $477,052

dots are actual sale prices for this property

Based on 12 comparable sales

Address	Sold	Price
51 M L King & Garden St	9/30/2025	$625,000

Bordering

200-ft notice list →

95 Sussex Ave
Lot 11·$750,600
5 Lake Rd
Lot 13·$422,500
9 Lake Rd
Lot 15·$517,900

Block 3004All of Block 3004 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "14144 GALLOP TER GERMANTOWN MD 20874"
    ],
    "zipKeys": [
      "14144 GALLOP TER 20874"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1424_3004_14",
  "county_code": "14",
  "district_code": "24",
  "block": "3004",
  "lot": "14",
  "qualifier": "",
  "property_location": "7 LAKE RD",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": "2S S 1FAM",
  "land_desc": "4257SF",
  "year_built": 1926,
  "living_sqft": 1144,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "33480000",
  "improvement_value_cents": "15000000",
  "net_value_cents": "48480000",
  "last_yr_tx_cents": "763560",
  "deed_date": "2020-05-22",
  "deed_book": "23797",
  "deed_page": "556",
  "sale_price_cents": "25000000",
  "sales_code": null,
  "owner_mailing_street": "14144 GALLOP TER",
  "owner_mailing_city_state_zip": "GERMANTOWN, MD  20874",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "0.098000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.48814187588722,
  "centroid_lat": 40.80861485662886
}

SR1A

[
  {
    "id": "79b13b5f-fe69-4c03-b3d3-e3e005811886",
    "property_id": null,
    "county_code": "14",
    "district_code": "24",
    "block": "3004",
    "lot": "14",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2020-05-22",
    "date_recorded": "2020-06-18",
    "sale_price_cents": "25000000",
    "sr1a_year": 2020,
    "source": "sr1a"
  },
  {
    "id": "5dd690b6-5b98-4587-b1d7-1d2a37042ce8",
    "property_id": "b9016db2-daa7-4110-9ada-d942eba50b87",
    "county_code": "14",
    "district_code": "24",
    "block": "3004",
    "lot": "14",
    "qualifier": "",
    "deed_book": "23797",
    "deed_page": "556",
    "deed_date": "2020-05-22",
    "date_recorded": "2020-06-18",
    "sale_price_cents": "25000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "ad4b499f-b2ec-4cda-8461-6ab24d90070e",
    "property_id": "b9016db2-daa7-4110-9ada-d942eba50b87",
    "county_code": "14",
    "district_code": "24",
    "block": "3004",
    "lot": "14",
    "qualifier": "",
    "deed_book": "23797",
    "deed_page": "556",
    "deed_date": "2020-05-22",
    "date_recorded": "2020-05-22",
    "sale_price_cents": "25000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 7 Lake Rd, Morristown, NJ last sold?: The most recent recorded sale was in 2020 for $250,000.
What is the assessed value of 7 Lake Rd, Morristown, NJ?: The total municipal assessment is $484,800 (land plus improvements).
What is 7 Lake Rd, Morristown, NJ worth?: Our model estimates a market value of $477,052, derived from comparable recorded sales nearby.
How many units does 7 Lake Rd, Morristown, NJ have?: Records show 1 dwelling unit at 7 Lake Rd, Morristown, NJ.
What kind of property is 7 Lake Rd, Morristown, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1926.

Sales history

6/18/2020$250,000
SR1A 2020
6/18/2020$250,000
taxrecords_njBk 23797 / Pg 556
5/22/2020$250,000
MOD-IV (Rutgers)Bk 23797 / Pg 556

Date	Price	Book / Page	Source
6/18/2020	$250,000	—	SR1A 2020
6/18/2020	$250,000	23797 / 556	taxrecords_nj
5/22/2020	$250,000	23797 / 556	MOD-IV (Rutgers)