When was 111 Madison Avenue, Morristown, NJ last sold?

The most recent recorded sale was in 2000 for $99.

What is the assessed value of 111 Madison Avenue, Morristown, NJ?

The total municipal assessment is $21,782,700 (land plus improvements).

What is 111 Madison Avenue, Morristown, NJ worth?

Our model estimates a market value of $24,066,622, derived from comparable recorded sales nearby.

What kind of property is 111 Madison Avenue, Morristown, NJ?

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

parceldata.nj

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111 Madison Avenue, Morristown, NJ — owner, sales, deeds · parceldata

111 Madison Avenue

Morristown, NJ·Morris County

1424·block 4101·lot 5

$24,066,622estimated value

Last sale

$99

4/11/2000 · taxrecords_nj

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

Property

Type

Commercial

Tax class

Commercial

Year built

Building size

—

Lot size

2.63 ac

Land description

114651SF

Building description

—

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$21,782,700

Land value

$3,290,000

Improvement value

$18,492,700

Last year's tax

$366,167

Last MOD-IV sale

$99

MOD-IV deed date

4/6/2000

Owner mailing address

475 SOUTH ST - 2ND FLR
MORRISTOWN NJ 07962

Estimated market value

$24,066,622

range $20,456,629 – $27,676,616

moderate confidence

Assessment-implied: $24,066,622; Director's Ratio 0.9051 (2025)
Comparable sales: 18 (below threshold)

Estimated value, last 11 years

2016: $15,820,688 → 2026: $24,066,622

Based on 18 comparable sales

On Madison AvenueAll 26 on Madison Avenue →

Bordering

200-ft notice list →

131 Madison Avenue
Lot 1·$10,525,600
Dorado Drive
Lot 2
101 Madison Avenue
Lot 4·$7,299,100

Block 4101All of Block 4101 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 3,
  "portfolioKeys": {
    "fullKeys": [
      "475 S ST - 2ND FLR MORRISTOWN NJ 07962"
    ],
    "zipKeys": [
      "475 S ST - 2ND FLR 07962"
    ]
  },
  "effective_unit_count": null,
  "effective_unit_count_source": "none"
}

MOD-IV

{
  "pams_pin": "1424_4101_5",
  "county_code": "14",
  "district_code": "24",
  "block": "4101",
  "lot": "5",
  "qualifier": "",
  "property_location": "111 MADISON AVE",
  "property_class": "4A",
  "bldg_class": null,
  "bldg_desc": null,
  "land_desc": "114651SF",
  "year_built": 0,
  "living_sqft": null,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "329000000",
  "improvement_value_cents": "1849270000",
  "net_value_cents": "2178270000",
  "last_yr_tx_cents": "36616719",
  "deed_date": "2000-04-06",
  "deed_book": "5162",
  "deed_page": "194",
  "sale_price_cents": "9900",
  "sales_code": null,
  "owner_mailing_street": "475 SOUTH ST - 2ND FLR",
  "owner_mailing_city_state_zip": "MORRISTOWN  NJ  07962",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "2.632000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.46225763515177,
  "centroid_lat": 40.78748024788651
}

SR1A

[
  {
    "id": "050ef206-d140-4bc6-b105-4ac3e22078be",
    "property_id": "6775ab02-1c7d-40e7-ac65-343bb2bd1fff",
    "county_code": "14",
    "district_code": "24",
    "block": "4101",
    "lot": "5",
    "qualifier": "",
    "deed_book": "5162",
    "deed_page": "194",
    "deed_date": "2000-04-06",
    "date_recorded": "2000-04-11",
    "sale_price_cents": "9900",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "29bd1654-f055-4aa8-96a9-d8935799b2d8",
    "property_id": "6775ab02-1c7d-40e7-ac65-343bb2bd1fff",
    "county_code": "14",
    "district_code": "24",
    "block": "4101",
    "lot": "5",
    "qualifier": "",
    "deed_book": "5162",
    "deed_page": "194",
    "deed_date": "2000-04-06",
    "date_recorded": "2000-04-06",
    "sale_price_cents": "9900",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "44e5a187-c377-4583-89c4-aa61e890c5f5",
    "property_id": "6775ab02-1c7d-40e7-ac65-343bb2bd1fff",
    "county_code": "14",
    "district_code": "24",
    "block": "4101",
    "lot": "5",
    "qualifier": "",
    "deed_book": "5068",
    "deed_page": "217",
    "deed_date": "1999-07-16",
    "date_recorded": "1999-10-12",
    "sale_price_cents": "1000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "ec10f01b-a599-4d01-9b9e-01e5784357b2",
    "property_id": "6775ab02-1c7d-40e7-ac65-343bb2bd1fff",
    "county_code": "14",
    "district_code": "24",
    "block": "4101",
    "lot": "5",
    "qualifier": "",
    "deed_book": "5068",
    "deed_page": "217",
    "deed_date": "1999-07-16",
    "date_recorded": "1999-07-16",
    "sale_price_cents": "1000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "49de1e53-5e65-47e2-9729-e502366ee80d",
    "property_id": "6775ab02-1c7d-40e7-ac65-343bb2bd1fff",
    "county_code": "14",
    "district_code": "24",
    "block": "4101",
    "lot": "5",
    "qualifier": "",
    "deed_book": "4740",
    "deed_page": "280",
    "deed_date": "1998-03-30",
    "date_recorded": "1998-04-03",
    "sale_price_cents": "1466000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "ed788202-ddaf-45d0-95ca-66f238750817",
    "property_id": "6775ab02-1c7d-40e7-ac65-343bb2bd1fff",
    "county_code": "14",
    "district_code": "24",
    "block": "4101",
    "lot": "5",
    "qualifier": "",
    "deed_book": "4740",
    "deed_page": "280",
    "deed_date": "1998-03-30",
    "date_recorded": "1998-03-30",
    "sale_price_cents": "1466000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 111 Madison Avenue, Morristown, NJ last sold?: The most recent recorded sale was in 2000 for $99.
What is the assessed value of 111 Madison Avenue, Morristown, NJ?: The total municipal assessment is $21,782,700 (land plus improvements).
What is 111 Madison Avenue, Morristown, NJ worth?: Our model estimates a market value of $24,066,622, derived from comparable recorded sales nearby.
What kind of property is 111 Madison Avenue, Morristown, NJ?: MOD-IV classifies it as Commercial (class 4A).

Address	Sold	Price
40 Park	3/5/2026	$625,000
40 Park	12/8/2025	$761,000
40 Park	10/20/2025	$1,825,000
211 South St	8/1/2025	$5,784,740
40 Park	6/13/2025	$749,900
40 Park	5/7/2025	$812,000
40 Park	4/26/2025	$1,070,000
40 Park	3/10/2025	$865,000
40 Park	2/5/2025	$626,000
40 Park	1/27/2025	$1,040,000
40 Park	1/17/2025	$15,650,000
40 Park	11/4/2024	$2,300,000
40 Park	8/27/2024	$730,000
40 Park	3/1/2024	$827,500
40 Park	2/23/2024	$1,375,000
40 Park	11/8/2023	$635,000
40 Park	10/16/2023	$1,200,000
40 Park	10/5/2023	$800,000

Sales history

4/11/2000$99
taxrecords_njBk 5162 / Pg 194
4/6/2000$99
MOD-IV (Rutgers)Bk 5162 / Pg 194
10/12/1999$10
taxrecords_njBk 5068 / Pg 217
7/16/1999$10
MOD-IV (Rutgers)Bk 5068 / Pg 217
4/3/1998$14,660,000
taxrecords_njBk 4740 / Pg 280
3/30/1998$14,660,000
MOD-IV (Rutgers)Bk 4740 / Pg 280

Date	Price	Book / Page	Source
4/11/2000	$99	5162 / 194	taxrecords_nj
4/6/2000	$99	5162 / 194	MOD-IV (Rutgers)
10/12/1999	$10	5068 / 217	taxrecords_nj
7/16/1999	$10	5068 / 217	MOD-IV (Rutgers)
4/3/1998	$14,660,000	4740 / 280	taxrecords_nj
3/30/1998	$14,660,000	4740 / 280	MOD-IV (Rutgers)