When was 38 Sussex Ave, Morristown, NJ last sold?

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

What is the assessed value of 38 Sussex Ave, Morristown, NJ?

The total municipal assessment is $663,200 (land plus improvements).

What is 38 Sussex Ave, Morristown, NJ worth?

Our model estimates a market value of $732,737, derived from comparable recorded sales nearby.

What kind of property is 38 Sussex Ave, Morristown, NJ?

MOD-IV classifies it as Commercial (class 4A). Year built: 1906.

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

38 Sussex Ave

Morristown, NJ·Morris County

1424·block 5201·lot 15

$732,737estimated value

Last sale

11/20/2013 · MOD-IV (Rutgers)

Property

Type

Commercial

Tax class

Commercial

Year built

1906

Building size

1,697 sq ft

Lot size

0.10 ac

Land description

24X133

Building description

STORE/APTS

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$663,200

Land value

$323,700

Improvement value

$339,500

Last year's tax

$10,445

Last MOD-IV sale

MOD-IV deed date

11/20/2013

Owner mailing address

61 WASINGTON VALLEY RD
MORRISTOWN NJ 07960

Estimated market value

$732,737

range $622,826 – $842,647

moderate confidence

Assessment-implied: $732,737; Director's Ratio 0.9051 (2025)
Comparable sales: 2 (below threshold)

Estimated value, last 11 years

2016: $481,680 → 2026: $732,737

Based on 2 comparable sales

Address	Sold	Price
40 Park	10/22/2024	$15,650,000
40 Park

Bordering

200-ft notice list →

8 Cleveland St
Lot 13·$577,900
38.5 Sussex Ave
Lot 14·$857,700
36 Sussex Ave
Lot 16·$762,000

Block 5201All of Block 5201 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1424_5201_15",
  "county_code": "14",
  "district_code": "24",
  "block": "5201",
  "lot": "15",
  "qualifier": "",
  "property_location": "38 SUSSEX AVE",
  "property_class": "4A",
  "bldg_class": null,
  "bldg_desc": "STORE/APTS",
  "land_desc": "24X133",
  "year_built": 1906,
  "living_sqft": 1697,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "32370000",
  "improvement_value_cents": "33950000",
  "net_value_cents": "66320000",
  "last_yr_tx_cents": "1044540",
  "deed_date": "2013-11-20",
  "deed_book": "22459",
  "deed_page": "1492",
  "sale_price_cents": "100",
  "sales_code": null,
  "owner_mailing_street": "61 WASINGTON VALLEY RD",
  "owner_mailing_city_state_zip": "MORRISTOWN  NJ  07960",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "0.097000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.48468162462781,
  "centroid_lat": 40.80510989503411
}

SR1A

[
  {
    "id": "76a2a143-9866-40e6-a05d-843094f7ec43",
    "property_id": "70cae93a-69b8-48c9-bda1-c2f4fe29da57",
    "county_code": "14",
    "district_code": "24",
    "block": "5201",
    "lot": "15",
    "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": "a037c781-019f-4af4-8dc1-2f2ff82d2c56",
    "property_id": "70cae93a-69b8-48c9-bda1-c2f4fe29da57",
    "county_code": "14",
    "district_code": "24",
    "block": "5201",
    "lot": "15",
    "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": "d34fc0f2-45bc-4f6d-8304-2cf6b2181001",
    "property_id": "70cae93a-69b8-48c9-bda1-c2f4fe29da57",
    "county_code": "14",
    "district_code": "24",
    "block": "5201",
    "lot": "15",
    "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 Sussex Ave, Morristown, NJ last sold?: The most recent recorded sale was in 2013 for $1.
What is the assessed value of 38 Sussex Ave, Morristown, NJ?: The total municipal assessment is $663,200 (land plus improvements).
What is 38 Sussex Ave, Morristown, NJ worth?: Our model estimates a market value of $732,737, derived from comparable recorded sales nearby.
What kind of property is 38 Sussex Ave, Morristown, NJ?: MOD-IV classifies it as Commercial (class 4A). Year built: 1906.

Sales history

11/20/2013$1
MOD-IV (Rutgers)Bk 22459 / Pg 1492
6/7/2004$580,000
MOD-IV (Rutgers)Bk 6089 / Pg 71
2/5/1997$1
MOD-IV (Rutgers)Bk 4523 / Pg 183

Date	Price	Book / Page	Source
11/20/2013	$1	22459 / 1492	MOD-IV (Rutgers)
6/7/2004	$580,000	6089 / 71	MOD-IV (Rutgers)
2/5/1997	$1	4523 / 183	MOD-IV (Rutgers)