When was 40 Park #401, Morristown, NJ last sold?

The most recent recorded sale was in 2011 for $1.

What is the assessed value of 40 Park #401, Morristown, NJ?

The total municipal assessment is $896,200 (land plus improvements).

What is 40 Park #401, Morristown, NJ worth?

Our model estimates a market value of $989,406, derived from comparable recorded sales nearby.

How many units does 40 Park #401, Morristown, NJ have?

Records show 1 dwelling unit at 40 Park #401, Morristown, NJ.

What kind of property is 40 Park #401, Morristown, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2010.

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40 Park #401, Morristown, NJ — owner, sales, deeds · parceldata

40 Park #401

Morristown, NJ·Morris County

1424·block 6004·lot 1.401

$989,406estimated value

Last sale

8/1/2011 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

2010

Building size

1,636 sq ft

Lot size

2.49 ac

Land description

2.49 ACRES

Building description

CONDO

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$896,200

Land value

$350,000

Improvement value

$546,200

Last year's tax

$14,115

Last MOD-IV sale

MOD-IV deed date

7/6/2011

Owner mailing address

40 WEST PARK PL #401
MORRISTOWN, NJ 07960

Estimated market value

$989,406

range $702,774 – $1,203,377

high confidence

Assessment-implied: $990,167; Director's Ratio 0.9051 (2025)
Comp-implied: $989,153; 30 comparable sales

Estimated value, last 11 years

2016: $650,406 → 2026: $989,406

Based on 30 comparable sales

Address	Sold	Price
51 Mt Kemble Ave.#405

On Park #401

All 85 on Park #401 →

40 Park
Lot 1.02·$1,586,900
40 Park #604
Lot 1.604·$1,212,100
40 Park #705
Lot 1.705·$1,902,100
40 Park #606
Lot 1.606·$1,110,200
40 Park #209
Lot 1.209·$1,482,900
40 Park #216
Lot 1.216·$526,200

Bordering

200-ft notice list →

40 Park
Lot 1
40 Park
Lot 1.01·$1,330,000
40 Park
Lot 1.02·$1,586,900
40 Park
Lot 1.03·$6,100,000
40 Park
Lot 1.04·$1,374,900
40 Park
Lot 1.05·$865,300
40 Park
Lot 1.06·$1,416,400

Block 6004All of Block 6004 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "40 W PARK PL 401 MORRISTOWN NJ 07960"
    ],
    "zipKeys": [
      "40 W PARK PL 401 07960"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1424_6004_1.401",
  "county_code": "14",
  "district_code": "24",
  "block": "6004",
  "lot": "1.401",
  "qualifier": "",
  "property_location": "40 PARK #401",
  "property_class": "2",
  "bldg_class": "20",
  "bldg_desc": "CONDO",
  "land_desc": "2.49 ACRES",
  "year_built": 2010,
  "living_sqft": 1636,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "35000000",
  "improvement_value_cents": "54620000",
  "net_value_cents": "89620000",
  "last_yr_tx_cents": "1411515",
  "deed_date": "2011-07-06",
  "deed_book": "21835",
  "deed_page": "263",
  "sale_price_cents": "100",
  "sales_code": null,
  "owner_mailing_street": "40 WEST PARK PL #401",
  "owner_mailing_city_state_zip": "MORRISTOWN, NJ  07960",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "2.490000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.48151091647881,
  "centroid_lat": 40.79622577102393
}

SR1A

[
  {
    "id": "0d5aed86-d391-47c6-976a-78b9885d74cb",
    "property_id": "2f4e7045-623e-4f1f-b051-5f12a80efd0c",
    "county_code": "14",
    "district_code": "24",
    "block": "6004",
    "lot": "1.401",
    "qualifier": "",
    "deed_book": "21835",
    "deed_page": "263",
    "deed_date": "2011-07-06",
    "date_recorded": "2011-08-01",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "076a477c-1dbd-44c8-838c-5868b22673dc",
    "property_id": "2f4e7045-623e-4f1f-b051-5f12a80efd0c",
    "county_code": "14",
    "district_code": "24",
    "block": "6004",
    "lot": "1.401",
    "qualifier": "",
    "deed_book": "21835",
    "deed_page": "263",
    "deed_date": "2011-07-06",
    "date_recorded": "2011-07-06",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "9f099205-193f-480d-8e15-c873544bb0e7",
    "property_id": "2f4e7045-623e-4f1f-b051-5f12a80efd0c",
    "county_code": "14",
    "district_code": "24",
    "block": "6004",
    "lot": "1.401",
    "qualifier": "",
    "deed_book": "21513",
    "deed_page": "1885",
    "deed_date": "2010-03-12",
    "date_recorded": "2010-03-26",
    "sale_price_cents": "77900000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "6ce8a6a9-416d-492b-802d-e80836099d05",
    "property_id": "2f4e7045-623e-4f1f-b051-5f12a80efd0c",
    "county_code": "14",
    "district_code": "24",
    "block": "6004",
    "lot": "1.401",
    "qualifier": "",
    "deed_book": "21513",
    "deed_page": "1885",
    "deed_date": "2010-03-12",
    "date_recorded": "2010-03-12",
    "sale_price_cents": "77900000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 40 Park #401, Morristown, NJ last sold?: The most recent recorded sale was in 2011 for $1.
What is the assessed value of 40 Park #401, Morristown, NJ?: The total municipal assessment is $896,200 (land plus improvements).
What is 40 Park #401, Morristown, NJ worth?: Our model estimates a market value of $989,406, derived from comparable recorded sales nearby.
How many units does 40 Park #401, Morristown, NJ have?: Records show 1 dwelling unit at 40 Park #401, Morristown, NJ.
What kind of property is 40 Park #401, Morristown, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2010.

Sales history

8/1/2011$1
taxrecords_njBk 21835 / Pg 263
7/6/2011$1
MOD-IV (Rutgers)Bk 21835 / Pg 263
3/26/2010$779,000
taxrecords_njBk 21513 / Pg 1885
3/12/2010$779,000
MOD-IV (Rutgers)Bk 21513 / Pg 1885

Date	Price	Book / Page	Source
8/1/2011	$1	21835 / 263	taxrecords_nj
7/6/2011	$1	21835 / 263	MOD-IV (Rutgers)
3/26/2010	$779,000	21513 / 1885	taxrecords_nj
3/12/2010	$779,000	21513 / 1885	MOD-IV (Rutgers)