When was 48 Madison Ave, Morristown, NJ last sold?

The most recent recorded sale was in 2007 for $1.

What is the assessed value of 48 Madison Ave, Morristown, NJ?

The total municipal assessment is $99,000,000 (land plus improvements).

What is 48 Madison Ave, Morristown, NJ worth?

Our model estimates a market value of $109,380,179, derived from comparable recorded sales nearby.

What kind of property is 48 Madison Ave, Morristown, NJ?

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

parceldata.nj

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

48 Madison Ave

Morristown, NJ·Morris County

1424·block 4201·lot 1

$109,380,179estimated value

Property

Type

Condo building

Tax class

Commercial

Units in building

Lot size

12.65 ac

Land description

23.01 ACRES+/-

Building description

HOSPITAL

Dwelling / commercial units

—

Units (1)

X$12,950,000
48 MADISON AVE
Condo unit

Qualifier	Unit address	Type	Assessed
X	48 MADISON AVE	Condo unit	$12,950,000

Tax and sale fields are hidden on this record because it represents the common element / land — the taxable pieces are the individual units listed above.

Facility

HOSPITAL

Owner mailing address

475 SOUTH ST- 2ND FLR
MORRISTOWN NJ 07962

Bordering

200-ft notice list →

1 Randolph Dr
Lot 1·$711,000
48 Madison Ave
Lot 1/X·$12,950,000
101 Franklin St
Lot 2·$23,000,000
5 Randolph Dr
Lot 2·$768,600
11 Randolph Dr
Lot 3·$660,600
15 Randolph Dr
Lot 4·$623,000
17 Randolph Dr
Lot 5·$1,094,200

Block 4201All of Block 4201 →

Debug — raw data per source

Computed

{
  "isCondoMaster": true,
  "condoCluster": null,
  "siblingUnitCount": 1,
  "portfolioCount": 0,
  "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_4201_1",
  "county_code": "14",
  "district_code": "24",
  "block": "4201",
  "lot": "1",
  "qualifier": "",
  "property_location": "48 MADISON AVE",
  "property_class": "4A",
  "bldg_class": null,
  "bldg_desc": "HOSPITAL",
  "land_desc": "23.01 ACRES+/-",
  "year_built": null,
  "living_sqft": null,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "1640050000",
  "improvement_value_cents": "8259950000",
  "net_value_cents": "9900000000",
  "last_yr_tx_cents": "155925000",
  "deed_date": "2007-06-04",
  "deed_book": "20845",
  "deed_page": "1166",
  "sale_price_cents": "100",
  "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": "12.650000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": "HOSPITAL",
  "centroid_lon": -74.46542078049958,
  "centroid_lat": 40.789228916459386
}

SR1A

[
  {
    "id": "fc012e65-1aeb-4b3d-ab62-1040a8ca26b6",
    "property_id": "c2fa20c0-dbff-43c3-abbf-47e377d9f33a",
    "county_code": "14",
    "district_code": "24",
    "block": "4201",
    "lot": "1",
    "qualifier": "",
    "deed_book": "20845",
    "deed_page": "1166",
    "deed_date": "2007-06-04",
    "date_recorded": "2007-06-15",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "84a5608a-8958-48b6-af9f-10eb2ad4844e",
    "property_id": "c2fa20c0-dbff-43c3-abbf-47e377d9f33a",
    "county_code": "14",
    "district_code": "24",
    "block": "4201",
    "lot": "1",
    "qualifier": "",
    "deed_book": "20845",
    "deed_page": "1166",
    "deed_date": "2007-06-04",
    "date_recorded": "2007-06-04",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "4e7638aa-001d-4d1f-8a27-e8ee153d30dc",
    "property_id": "c2fa20c0-dbff-43c3-abbf-47e377d9f33a",
    "county_code": "14",
    "district_code": "24",
    "block": "4201",
    "lot": "1",
    "qualifier": "",
    "deed_book": "4006",
    "deed_page": "70",
    "deed_date": "1994-05-27",
    "date_recorded": "1994-07-05",
    "sale_price_cents": "265000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "d27acd20-6ba1-43f9-9ca3-46913a28b164",
    "property_id": "c2fa20c0-dbff-43c3-abbf-47e377d9f33a",
    "county_code": "14",
    "district_code": "24",
    "block": "4201",
    "lot": "1",
    "qualifier": "",
    "deed_book": "4006",
    "deed_page": "70",
    "deed_date": "1994-05-27",
    "date_recorded": "1994-05-27",
    "sale_price_cents": "265000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

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Frequently asked questions

When was 48 Madison Ave, Morristown, NJ last sold?: The most recent recorded sale was in 2007 for $1.
What is the assessed value of 48 Madison Ave, Morristown, NJ?: The total municipal assessment is $99,000,000 (land plus improvements).
What is 48 Madison Ave, Morristown, NJ worth?: Our model estimates a market value of $109,380,179, derived from comparable recorded sales nearby.
What kind of property is 48 Madison Ave, Morristown, NJ?: MOD-IV classifies it as Commercial (class 4A).