When was 14 Prospect St, Morristown, NJ last sold?

The most recent recorded sale was in 2024 for $1.

What is the assessed value of 14 Prospect St, Morristown, NJ?

The total municipal assessment is $772,600 (land plus improvements).

What is 14 Prospect St, Morristown, NJ worth?

Our model estimates a market value of $950,092, derived from comparable recorded sales nearby.

How many units does 14 Prospect St, Morristown, NJ have?

Records show 2 dwelling units at 14 Prospect St, Morristown, NJ.

What kind of property is 14 Prospect St, Morristown, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1890.

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14 Prospect St, Morristown, NJ — owner, sales, deeds · parceldata

14 Prospect St

Morristown, NJ·Morris County

1424·block 5802·lot 24.01

$950,092estimated value

Units

from MOD-IV (2-char max)

Last sale

1/2/2025 · taxrecords_nj

1 other property share this owner's mailing address.View portfolio →

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1890

Building size

2,668 sq ft

Lot size

0.14 ac

Land description

50 X 124

Building description

2S F 2 FAM OFF

Dwelling / commercial units

2 dw / 0 comm

Tax & Assessment

Net assessed value

$772,600

Land value

$314,300

Improvement value

$458,300

Last year's tax

$12,242

Last MOD-IV sale

MOD-IV deed date

12/20/2024

Owner mailing address

5 COVE PL
MOUNTAIN LAKES, NJ 07046

Estimated market value

$950,092

range $758,047 – $1,014,229

moderate confidence

Assessment-implied: $853,607; Director's Ratio 0.9051 (2025)
Comp-implied: $1,072,728; 25 comparable sales

Estimated value, last 11 years

2016: $624,562 → 2026: $950,092

dots are actual sale prices for this property

Based on 25 comparable sales

Address	Sold	Price
125 Washington St	12/3/2025	$1,200,000

Bordering

200-ft notice list →

11 Clinton Ln
Lot 13·$738,700
18 Prospect St
Lot 23·$538,400
13 Clinton Ln
Lot 24.02·$304,800
12 Prospect St
Lot 25·$1,276,800

Block 5802All of Block 5802 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 1,
  "portfolioKeys": {
    "fullKeys": [
      "5 COVE PL MOUNTAIN LAKES NJ 07046"
    ],
    "zipKeys": [
      "5 COVE PL 07046"
    ]
  },
  "effective_unit_count": 2,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1424_5802_24.01",
  "county_code": "14",
  "district_code": "24",
  "block": "5802",
  "lot": "24.01",
  "qualifier": "",
  "property_location": "14 PROSPECT ST",
  "property_class": "2",
  "bldg_class": "47",
  "bldg_desc": "2S F 2 FAM OFF",
  "land_desc": "50 X 124",
  "year_built": 1890,
  "living_sqft": 2668,
  "dwelling_units": 2,
  "comm_dwell": null,
  "land_value_cents": "31430000",
  "improvement_value_cents": "45830000",
  "net_value_cents": "77260000",
  "last_yr_tx_cents": "1224248",
  "deed_date": "2024-12-20",
  "deed_book": "24859",
  "deed_page": "901",
  "sale_price_cents": "100",
  "sales_code": null,
  "owner_mailing_street": "5 COVE PL",
  "owner_mailing_city_state_zip": "MOUNTAIN LAKES, NJ  07046",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "0.143000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.48345985145015,
  "centroid_lat": 40.79938904897942
}

SR1A

[
  {
    "id": "15ba8257-e342-4b65-8cf0-b621709b20d3",
    "property_id": "3a08dfb0-75a0-49b1-9784-ec56e1d6f024",
    "county_code": "14",
    "district_code": "24",
    "block": "5802",
    "lot": "24.01",
    "qualifier": "",
    "deed_book": "24859",
    "deed_page": "901",
    "deed_date": "2024-12-20",
    "date_recorded": "2025-01-02",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "c1cb5137-2ad6-40fd-ad76-daa626d6e4a2",
    "property_id": "3a08dfb0-75a0-49b1-9784-ec56e1d6f024",
    "county_code": "14",
    "district_code": "24",
    "block": "5802",
    "lot": "24.01",
    "qualifier": "",
    "deed_book": "24859",
    "deed_page": "901",
    "deed_date": "2024-12-20",
    "date_recorded": "2024-12-20",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj_owners"
  },
  {
    "id": "97ab34a3-bf6f-434c-b6ce-97170423eeac",
    "property_id": "3a08dfb0-75a0-49b1-9784-ec56e1d6f024",
    "county_code": "14",
    "district_code": "24",
    "block": "5802",
    "lot": "24.01",
    "qualifier": "",
    "deed_book": "23832",
    "deed_page": "102",
    "deed_date": "2020-07-21",
    "date_recorded": "2020-07-21",
    "sale_price_cents": "60000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 14 Prospect St, Morristown, NJ last sold?: The most recent recorded sale was in 2024 for $1.
What is the assessed value of 14 Prospect St, Morristown, NJ?: The total municipal assessment is $772,600 (land plus improvements).
What is 14 Prospect St, Morristown, NJ worth?: Our model estimates a market value of $950,092, derived from comparable recorded sales nearby.
How many units does 14 Prospect St, Morristown, NJ have?: Records show 2 dwelling units at 14 Prospect St, Morristown, NJ.
What kind of property is 14 Prospect St, Morristown, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1890.

Sales history

1/2/2025$1
taxrecords_njBk 24859 / Pg 901
12/20/2024$1
taxrecords_nj_ownersBk 24859 / Pg 901
7/21/2020$600,000
MOD-IV (Rutgers)Bk 23832 / Pg 102

Date	Price	Book / Page	Source
1/2/2025	$1	24859 / 901	taxrecords_nj
12/20/2024	$1	24859 / 901	taxrecords_nj_owners
7/21/2020	$600,000	23832 / 102	MOD-IV (Rutgers)