When was 15 Elm St, Morristown, NJ last sold?

The most recent recorded sale was in 2019 for $10.

What is the assessed value of 15 Elm St, Morristown, NJ?

The total municipal assessment is $1,934,300 (land plus improvements).

What is 15 Elm St, Morristown, NJ worth?

Our model estimates a market value of $2,137,112, derived from comparable recorded sales nearby.

What kind of property is 15 Elm St, Morristown, NJ?

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

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15 Elm St, Morristown, NJ — owner, sales, deeds · parceldata

15 Elm St

Morristown, NJ·Morris County

1424·block 4601·lot 17

$2,137,112estimated value

Last sale

$10

12/23/2019 · SR1A 2020

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

Property

Type

Commercial

Tax class

Commercial

Year built

—

Building size

5,205 sq ft

Lot size

0.28 ac

Land description

12276SF

Building description

2.5S F OFF 1FAM

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$1,934,300

Land value

$619,200

Improvement value

$1,315,100

Last year's tax

$32,516

Last MOD-IV sale

$10

MOD-IV deed date

12/11/2019

Owner mailing address

25 WASHINGTON ST
MORRISTOWN, NJ 07960

Estimated market value

$2,137,112

range $1,816,545 – $2,457,679

moderate confidence

Assessment-implied: $2,137,112; Director's Ratio 0.9051 (2025)
Comparable sales: 14 (below threshold)

Estimated value, last 11 years

2016: $1,404,874 → 2026: $2,137,112

Based on 14 comparable sales

On Elm St

All 60 on Elm St →

5 Elm St
Lot 16·$2,194,500
7 Elm St
Lot 13·$7,421,700
8 Elm St
Lot 29·$1,172,400
12 Elm St
Lot 28·$2,318,000
14 Elm St
Lot 27·$1,380,100
16 Elm St
Lot 26·$1,367,000

Bordering

200-ft notice list →

7 Elm St
Lot 13·$7,421,700
9 Franklin St
Lot 18·$839,600

Block 4601All of Block 4601 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 23,
  "portfolioKeys": {
    "fullKeys": [
      "25 WASHINGTON ST MORRISTOWN NJ 07960"
    ],
    "zipKeys": [
      "25 WASHINGTON ST 07960"
    ]
  },
  "effective_unit_count": null,
  "effective_unit_count_source": "none"
}

MOD-IV

{
  "pams_pin": "1424_4601_17",
  "county_code": "14",
  "district_code": "24",
  "block": "4601",
  "lot": "17",
  "qualifier": "",
  "property_location": "15 ELM ST",
  "property_class": "4A",
  "bldg_class": null,
  "bldg_desc": "2.5S F OFF 1FAM",
  "land_desc": "12276SF",
  "year_built": null,
  "living_sqft": 5205,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "61920000",
  "improvement_value_cents": "131510000",
  "net_value_cents": "193430000",
  "last_yr_tx_cents": "3251559",
  "deed_date": "2019-12-11",
  "deed_book": "23680",
  "deed_page": "1004",
  "sale_price_cents": "1000",
  "sales_code": null,
  "owner_mailing_street": "25 WASHINGTON ST",
  "owner_mailing_city_state_zip": "MORRISTOWN, NJ  07960",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "0.282000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": "101",
  "fac_name": null,
  "centroid_lon": -74.4752208434057,
  "centroid_lat": 40.79300156223215
}

SR1A

[
  {
    "id": "2ae9302a-4403-4b0d-8e6c-6f2c13005e63",
    "property_id": null,
    "county_code": "14",
    "district_code": "24",
    "block": "4601",
    "lot": "17",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2019-12-11",
    "date_recorded": "2019-12-23",
    "sale_price_cents": "1000",
    "sr1a_year": 2020,
    "source": "sr1a"
  },
  {
    "id": "3a02e03c-e67f-4352-93dc-6f771250f173",
    "property_id": "fb807403-2f6d-4ae3-928e-e7b5b91ef4a9",
    "county_code": "14",
    "district_code": "24",
    "block": "4601",
    "lot": "17",
    "qualifier": "",
    "deed_book": "23680",
    "deed_page": "1004",
    "deed_date": "2019-12-11",
    "date_recorded": "2019-12-23",
    "sale_price_cents": "1000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "704719e0-dc6a-4d81-b335-22e2f641f125",
    "property_id": "fb807403-2f6d-4ae3-928e-e7b5b91ef4a9",
    "county_code": "14",
    "district_code": "24",
    "block": "4601",
    "lot": "17",
    "qualifier": "",
    "deed_book": "23680",
    "deed_page": "1004",
    "deed_date": "2019-12-11",
    "date_recorded": "2019-12-11",
    "sale_price_cents": "1000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "6b5a127c-0ab9-4ad2-be14-5aa7da558255",
    "property_id": "fb807403-2f6d-4ae3-928e-e7b5b91ef4a9",
    "county_code": "14",
    "district_code": "24",
    "block": "4601",
    "lot": "17",
    "qualifier": "",
    "deed_book": "6050",
    "deed_page": "272",
    "deed_date": "2004-03-25",
    "date_recorded": "2004-04-15",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "3e5aa32b-fe17-4fbd-9eeb-fca01bbeee4a",
    "property_id": "fb807403-2f6d-4ae3-928e-e7b5b91ef4a9",
    "county_code": "14",
    "district_code": "24",
    "block": "4601",
    "lot": "17",
    "qualifier": "",
    "deed_book": "6050",
    "deed_page": "272",
    "deed_date": "2004-03-25",
    "date_recorded": "2004-03-25",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "06720320-b5b1-4694-b66b-1594677afed3",
    "property_id": "fb807403-2f6d-4ae3-928e-e7b5b91ef4a9",
    "county_code": "14",
    "district_code": "24",
    "block": "4601",
    "lot": "17",
    "qualifier": "",
    "deed_book": "2841",
    "deed_page": "605",
    "deed_date": "1986-01-21",
    "date_recorded": "1986-01-21",
    "sale_price_cents": "50500000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 15 Elm St, Morristown, NJ last sold?: The most recent recorded sale was in 2019 for $10.
What is the assessed value of 15 Elm St, Morristown, NJ?: The total municipal assessment is $1,934,300 (land plus improvements).
What is 15 Elm St, Morristown, NJ worth?: Our model estimates a market value of $2,137,112, derived from comparable recorded sales nearby.
What kind of property is 15 Elm St, Morristown, NJ?: MOD-IV classifies it as Commercial (class 4A).

Sales history

12/23/2019$10
SR1A 2020
12/23/2019$10
taxrecords_njBk 23680 / Pg 1004
12/11/2019$10
MOD-IV (Rutgers)Bk 23680 / Pg 1004
4/15/2004$1
taxrecords_njBk 6050 / Pg 272
3/25/2004$1
MOD-IV (Rutgers)Bk 6050 / Pg 272
1/21/1986$505,000
MOD-IV (Rutgers)Bk 2841 / Pg 605

Date	Price	Book / Page	Source
12/23/2019	$10	—	SR1A 2020
12/23/2019	$10	23680 / 1004	taxrecords_nj
12/11/2019	$10	23680 / 1004	MOD-IV (Rutgers)
4/15/2004	$1	6050 / 272	taxrecords_nj
3/25/2004	$1	6050 / 272	MOD-IV (Rutgers)
1/21/1986	$505,000	2841 / 605	MOD-IV (Rutgers)

168 Morris St	11/17/2025	$655,000
39 South St	8/26/2025	$2,500,000
78 Market St	5/12/2025	$2,200,000
233 South St	4/15/2025	$3,265,000
23 DE Hart St	4/9/2025	$3,850,000
25 Market St	1/24/2025	$4,900,000
176 Morris St	12/16/2024	$610,000
26 Franklin Pl	12/4/2024	$1,900,000
40 Park	10/22/2024	$15,650,000
40 Park	10/22/2024	$15,650,000
3 Ridgedale Ave	5/9/2024	$640,000
89 Ridgedale Ave	1/3/2024	$1,975,000
176 Morris St	10/23/2023	$578,000
146 Speedwell Ave	7/19/2023	$1,075,000