When was 24 Park Pl, Morristown, NJ last sold?

The most recent recorded sale was in 2017 for $1,600,000.

What is the assessed value of 24 Park Pl, Morristown, NJ?

The total municipal assessment is $3,008,900 (land plus improvements).

What is 24 Park Pl, Morristown, NJ worth?

Our model estimates a market value of $3,324,384, derived from comparable recorded sales nearby.

What kind of property is 24 Park Pl, Morristown, NJ?

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

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24 Park Pl, Morristown, NJ — owner, sales, deeds · parceldata

24 Park Pl

Morristown, NJ·Morris County

1424·block 5901·lot 5

$3,324,384estimated value

Last sale

$1,600,000

12/20/2017 · taxrecords_nj

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

Property

Type

Commercial

Tax class

Commercial

Year built

Building size

6,600 sq ft

Lot size

0.05 ac

Land description

2226SF

Building description

2S B STR OFF

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$3,008,900

Land value

$630,000

Improvement value

$2,378,900

Last year's tax

$50,580

Last MOD-IV sale

$1,600,000

MOD-IV deed date

12/13/2017

Owner mailing address

195 MORRISTOWN RD
BASKING RIDGE NJ 07920

Estimated market value

$3,324,384

range $2,825,726 – $3,823,042

moderate confidence

Assessment-implied: $3,324,384; Director's Ratio 0.9051 (2025)
Comparable sales: 6 (below threshold)

Estimated value, last 11 years

2016: $2,172,108 → 2026: $3,324,384

dots are actual sale prices for this property

Based on 6 comparable sales

Bordering

200-ft notice list →

22 Park Pl
Lot 4·$2,141,700
5 Washington St
Lot 6·$1,462,400

Block 5901All of Block 5901 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 68,
  "portfolioKeys": {
    "fullKeys": [
      "195 MORRISTOWN RD BASKING RIDGE NJ 07920"
    ],
    "zipKeys": [
      "195 MORRISTOWN RD 07920"
    ]
  },
  "effective_unit_count": null,
  "effective_unit_count_source": "none"
}

MOD-IV

{
  "pams_pin": "1424_5901_5",
  "county_code": "14",
  "district_code": "24",
  "block": "5901",
  "lot": "5",
  "qualifier": "",
  "property_location": "24 PARK PL",
  "property_class": "4A",
  "bldg_class": null,
  "bldg_desc": "2S B STR OFF",
  "land_desc": "2226SF",
  "year_built": 0,
  "living_sqft": 6600,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "63000000",
  "improvement_value_cents": "237890000",
  "net_value_cents": "300890000",
  "last_yr_tx_cents": "5057961",
  "deed_date": "2017-12-13",
  "deed_book": "23265",
  "deed_page": "945",
  "sale_price_cents": "160000000",
  "sales_code": null,
  "owner_mailing_street": "195 MORRISTOWN RD",
  "owner_mailing_city_state_zip": "BASKING RIDGE  NJ  07920",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "0.051000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": "101",
  "fac_name": null,
  "centroid_lon": -74.48208624983361,
  "centroid_lat": 40.79716490572542
}

SR1A

[
  {
    "id": "7ccd7fe9-40d0-4021-b152-4487f0c9b11f",
    "property_id": "2aecc12a-821d-4047-bd0c-7b4aa65ca2e5",
    "county_code": "14",
    "district_code": "24",
    "block": "5901",
    "lot": "5",
    "qualifier": "",
    "deed_book": "23265",
    "deed_page": "945",
    "deed_date": "2017-12-13",
    "date_recorded": "2017-12-20",
    "sale_price_cents": "160000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "5db126b1-f701-436c-849d-d3f7bd7b62fc",
    "property_id": "2aecc12a-821d-4047-bd0c-7b4aa65ca2e5",
    "county_code": "14",
    "district_code": "24",
    "block": "5901",
    "lot": "5",
    "qualifier": "",
    "deed_book": "23265",
    "deed_page": "945",
    "deed_date": "2017-12-13",
    "date_recorded": "2017-12-13",
    "sale_price_cents": "160000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "ac8a2346-bc2c-4433-83e2-e5a5b2c2b64d",
    "property_id": "2aecc12a-821d-4047-bd0c-7b4aa65ca2e5",
    "county_code": "14",
    "district_code": "24",
    "block": "5901",
    "lot": "5",
    "qualifier": "",
    "deed_book": "5066",
    "deed_page": "230",
    "deed_date": "1999-09-30",
    "date_recorded": "1999-10-06",
    "sale_price_cents": "85000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "2e14eedc-1c11-46d5-987a-66429bf9db02",
    "property_id": "2aecc12a-821d-4047-bd0c-7b4aa65ca2e5",
    "county_code": "14",
    "district_code": "24",
    "block": "5901",
    "lot": "5",
    "qualifier": "",
    "deed_book": "5066",
    "deed_page": "230",
    "deed_date": "1999-09-30",
    "date_recorded": "1999-09-30",
    "sale_price_cents": "85000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "ebd5f192-cd64-4450-bfb2-563e973e4214",
    "property_id": "2aecc12a-821d-4047-bd0c-7b4aa65ca2e5",
    "county_code": "14",
    "district_code": "24",
    "block": "5901",
    "lot": "5",
    "qualifier": "",
    "deed_book": "2976",
    "deed_page": "855",
    "deed_date": "1986-12-24",
    "date_recorded": "1986-12-24",
    "sale_price_cents": "1000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "9dc55c0b-3585-44d6-abff-282739d638a1",
    "property_id": "2aecc12a-821d-4047-bd0c-7b4aa65ca2e5",
    "county_code": "14",
    "district_code": "24",
    "block": "5901",
    "lot": "5",
    "qualifier": "",
    "deed_book": "2714",
    "deed_page": "954",
    "deed_date": "1983-12-29",
    "date_recorded": "1983-12-29",
    "sale_price_cents": "1000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 24 Park Pl, Morristown, NJ last sold?: The most recent recorded sale was in 2017 for $1,600,000.
What is the assessed value of 24 Park Pl, Morristown, NJ?: The total municipal assessment is $3,008,900 (land plus improvements).
What is 24 Park Pl, Morristown, NJ worth?: Our model estimates a market value of $3,324,384, derived from comparable recorded sales nearby.
What kind of property is 24 Park Pl, Morristown, NJ?: MOD-IV classifies it as Commercial (class 4A).

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

Sales history

12/20/2017$1,600,000
taxrecords_njBk 23265 / Pg 945
12/13/2017$1,600,000
MOD-IV (Rutgers)Bk 23265 / Pg 945
10/6/1999$850,000
taxrecords_njBk 5066 / Pg 230
9/30/1999$850,000
MOD-IV (Rutgers)Bk 5066 / Pg 230
12/24/1986$10
MOD-IV (Rutgers)Bk 2976 / Pg 855
12/29/1983$10
MOD-IV (Rutgers)Bk 2714 / Pg 954

Date	Price	Book / Page	Source
12/20/2017	$1,600,000	23265 / 945	taxrecords_nj
12/13/2017	$1,600,000	23265 / 945	MOD-IV (Rutgers)
10/6/1999	$850,000	5066 / 230	taxrecords_nj
9/30/1999	$850,000	5066 / 230	MOD-IV (Rutgers)
12/24/1986	$10	2976 / 855	MOD-IV (Rutgers)
12/29/1983	$10	2714 / 954	MOD-IV (Rutgers)