When was 38.5 Sussex Ave, Morristown, NJ last sold?

The most recent recorded sale was in 2013 for $1.

What is the assessed value of 38.5 Sussex Ave, Morristown, NJ?

The total municipal assessment is $857,700 (land plus improvements).

What is 38.5 Sussex Ave, Morristown, NJ worth?

Our model estimates a market value of $947,630, derived from comparable recorded sales nearby.

What kind of property is 38.5 Sussex Ave, Morristown, NJ?

MOD-IV classifies it as Commercial (class 4A). Year built: 1986.

parceldata.nj

Loading…

38.5 Sussex Ave, Morristown, NJ — owner, sales, deeds · parceldata

38.5 Sussex Ave

Morristown, NJ·Morris County

1424·block 5201·lot 14

$947,630estimated value

Last sale

11/25/2013 · taxrecords_nj

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

Property

Type

Commercial

Tax class

Commercial

Year built

1986

Building size

3,490 sq ft

Lot size

0.06 ac

Land description

25X99

Building description

STORE/APTS

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$857,700

Land value

$320,100

Improvement value

$537,600

Last year's tax

$13,509

Last MOD-IV sale

MOD-IV deed date

11/20/2013

Owner mailing address

61 WASHINGTON VALLEY RD
MORRISTOWN, NJ 07960

Estimated market value

$947,630

range $805,486 – $1,089,775

moderate confidence

Assessment-implied: $947,630; Director's Ratio 0.9051 (2025)
Comparable sales: 7 (below threshold)

Estimated value, last 11 years

2016: $619,169 → 2026: $947,630

Bordering

200-ft notice list →

38 Sussex Ave
Lot 15·$663,200

Block 5201All of Block 5201 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 5,
  "portfolioKeys": {
    "fullKeys": [
      "61 WASHINGTON VALLEY RD MORRISTOWN NJ 07960"
    ],
    "zipKeys": [
      "61 WASHINGTON VALLEY RD 07960"
    ]
  },
  "effective_unit_count": null,
  "effective_unit_count_source": "none"
}

MOD-IV

{
  "pams_pin": "1424_5201_14",
  "county_code": "14",
  "district_code": "24",
  "block": "5201",
  "lot": "14",
  "qualifier": "",
  "property_location": "38.5 SUSSEX AVE",
  "property_class": "4A",
  "bldg_class": null,
  "bldg_desc": "STORE/APTS",
  "land_desc": "25X99",
  "year_built": 1986,
  "living_sqft": 3490,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "32010000",
  "improvement_value_cents": "53760000",
  "net_value_cents": "85770000",
  "last_yr_tx_cents": "1350878",
  "deed_date": "2013-11-20",
  "deed_book": "22459",
  "deed_page": "1492",
  "sale_price_cents": "100",
  "sales_code": null,
  "owner_mailing_street": "61 WASHINGTON VALLEY RD",
  "owner_mailing_city_state_zip": "MORRISTOWN, NJ  07960",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "0.057000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": "101",
  "fac_name": null,
  "centroid_lon": -74.48464788095319,
  "centroid_lat": 40.80519419395301
}

SR1A

[
  {
    "id": "3894f219-ce7a-45af-9b6f-9c98246d49ad",
    "property_id": "e7bfbb0f-b092-4be5-a7df-5396598aaa0b",
    "county_code": "14",
    "district_code": "24",
    "block": "5201",
    "lot": "14",
    "qualifier": "",
    "deed_book": "22459",
    "deed_page": "1492",
    "deed_date": "2013-11-20",
    "date_recorded": "2013-11-25",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "ec16d622-081a-4c15-bb77-7d2b90ca660a",
    "property_id": "e7bfbb0f-b092-4be5-a7df-5396598aaa0b",
    "county_code": "14",
    "district_code": "24",
    "block": "5201",
    "lot": "14",
    "qualifier": "",
    "deed_book": "22459",
    "deed_page": "1492",
    "deed_date": "2013-11-20",
    "date_recorded": "2013-11-20",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "20ceb9c7-d6a3-4c8d-acb5-3eada946bbdd",
    "property_id": "e7bfbb0f-b092-4be5-a7df-5396598aaa0b",
    "county_code": "14",
    "district_code": "24",
    "block": "5201",
    "lot": "14",
    "qualifier": "",
    "deed_book": "22310",
    "deed_page": "1914",
    "deed_date": "2013-04-26",
    "date_recorded": "2013-05-01",
    "sale_price_cents": "68000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "e597c8c7-9d96-4838-966a-a18773d34cb8",
    "property_id": "e7bfbb0f-b092-4be5-a7df-5396598aaa0b",
    "county_code": "14",
    "district_code": "24",
    "block": "5201",
    "lot": "14",
    "qualifier": "",
    "deed_book": "6089",
    "deed_page": "71",
    "deed_date": "2004-06-07",
    "date_recorded": "2004-06-15",
    "sale_price_cents": "58000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "e0f15997-8ac9-471b-b0e7-c7d32717fdd9",
    "property_id": "e7bfbb0f-b092-4be5-a7df-5396598aaa0b",
    "county_code": "14",
    "district_code": "24",
    "block": "5201",
    "lot": "14",
    "qualifier": "",
    "deed_book": "6089",
    "deed_page": "71",
    "deed_date": "2004-06-07",
    "date_recorded": "2004-06-07",
    "sale_price_cents": "58000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "f06d519c-6ccc-48d9-a343-6b39a2ac36b4",
    "property_id": "e7bfbb0f-b092-4be5-a7df-5396598aaa0b",
    "county_code": "14",
    "district_code": "24",
    "block": "5201",
    "lot": "14",
    "qualifier": "",
    "deed_book": "5542",
    "deed_page": "12",
    "deed_date": "2001-11-27",
    "date_recorded": "2002-01-16",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "f8a99b4b-3ab9-44de-8ef6-3b17f2b4e58a",
    "property_id": "e7bfbb0f-b092-4be5-a7df-5396598aaa0b",
    "county_code": "14",
    "district_code": "24",
    "block": "5201",
    "lot": "14",
    "qualifier": "",
    "deed_book": "5542",
    "deed_page": "12",
    "deed_date": "2001-11-27",
    "date_recorded": "2001-11-27",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "8b4add53-5e53-4106-be33-6381901c09e1",
    "property_id": "e7bfbb0f-b092-4be5-a7df-5396598aaa0b",
    "county_code": "14",
    "district_code": "24",
    "block": "5201",
    "lot": "14",
    "qualifier": "",
    "deed_book": "4523",
    "deed_page": "183",
    "deed_date": "1997-02-05",
    "date_recorded": "1997-02-18",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "db3e24b4-2a42-4415-8ec2-1b78eca0c908",
    "property_id": "e7bfbb0f-b092-4be5-a7df-5396598aaa0b",
    "county_code": "14",
    "district_code": "24",
    "block": "5201",
    "lot": "14",
    "qualifier": "",
    "deed_book": "4523",
    "deed_page": "183",
    "deed_date": "1997-02-05",
    "date_recorded": "1997-02-05",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 38.5 Sussex Ave, Morristown, NJ last sold?: The most recent recorded sale was in 2013 for $1.
What is the assessed value of 38.5 Sussex Ave, Morristown, NJ?: The total municipal assessment is $857,700 (land plus improvements).
What is 38.5 Sussex Ave, Morristown, NJ worth?: Our model estimates a market value of $947,630, derived from comparable recorded sales nearby.
What kind of property is 38.5 Sussex Ave, Morristown, NJ?: MOD-IV classifies it as Commercial (class 4A). Year built: 1986.

Based on 7 comparable sales

Address	Sold	Price
19 Market St	1/24/2025	$4,900,000
40 Park	1/17/2025	$15,650,000
1 Maple Ave	11/15/2024	$736,230
40 Park	10/22/2024	$15,650,000
40 Park	10/22/2024	$15,650,000
40 Park	10/22/2024	$15,650,000
40 Park	10/22/2024	$15,650,000

Sales history

11/25/2013$1
taxrecords_njBk 22459 / Pg 1492
11/20/2013$1
MOD-IV (Rutgers)Bk 22459 / Pg 1492
5/1/2013$680,000
taxrecords_njBk 22310 / Pg 1914
6/15/2004$580,000
taxrecords_njBk 6089 / Pg 71
6/7/2004$580,000
MOD-IV (Rutgers)Bk 6089 / Pg 71
1/16/2002$1
taxrecords_njBk 5542 / Pg 12
11/27/2001$1
MOD-IV (Rutgers)Bk 5542 / Pg 12
2/18/1997$1
taxrecords_njBk 4523 / Pg 183
2/5/1997$1
MOD-IV (Rutgers)Bk 4523 / Pg 183

Date	Price	Book / Page	Source
11/25/2013	$1	22459 / 1492	taxrecords_nj
11/20/2013	$1	22459 / 1492	MOD-IV (Rutgers)
5/1/2013	$680,000	22310 / 1914	taxrecords_nj
6/15/2004	$580,000	6089 / 71	taxrecords_nj
6/7/2004	$580,000	6089 / 71	MOD-IV (Rutgers)
1/16/2002	$1	5542 / 12	taxrecords_nj
11/27/2001	$1	5542 / 12	MOD-IV (Rutgers)
2/18/1997	$1	4523 / 183	taxrecords_nj
2/5/1997	$1	4523 / 183	MOD-IV (Rutgers)