When was 40 Park #509, Morristown, NJ last sold?

The most recent recorded sale was in 2010 for $1,489,900.

What is the assessed value of 40 Park #509, Morristown, NJ?

The total municipal assessment is $1,570,400 (land plus improvements).

What is 40 Park #509, Morristown, NJ worth?

Our model estimates a market value of $1,924,988, derived from comparable recorded sales nearby.

How many units does 40 Park #509, Morristown, NJ have?

Records show 1 dwelling unit at 40 Park #509, Morristown, NJ.

What kind of property is 40 Park #509, Morristown, NJ?

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

parceldata.nj

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40 Park #509, Morristown, NJ — owner, sales, deeds · parceldata

40 Park #509

Morristown, NJ·Morris County

1424·block 6004·lot 1.509

$1,924,988estimated value

Last sale

$1,489,900

7/8/2010 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

2010

Building size

2,492 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

$1,570,400

Land value

$700,000

Improvement value

$870,400

Last year's tax

$24,734

Last MOD-IV sale

$1,489,900

MOD-IV deed date

7/1/2010

Owner mailing address

40 W PARK PL #509
MORRISTOWN, NJ 07960

Estimated market value

$1,924,988

range $1,830,998 – $2,054,908

high confidence

Assessment-implied: $1,735,057; Director's Ratio 0.9051 (2025)
Comp-implied: $1,988,298; 14 comparable sales

Estimated value, last 11 years

2016: $1,265,430 → 2026: $1,924,988

Based on 14 comparable sales

Address	Sold	Price
2 Twombly CT	1/23/2026	$745,000
110 South St #102	10/28/2025	$1,600,000

On Park #509

All 85 on Park #509 →

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 509 MORRISTOWN NJ 07960"
    ],
    "zipKeys": [
      "40 W PARK PL 509 07960"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1424_6004_1.509",
  "county_code": "14",
  "district_code": "24",
  "block": "6004",
  "lot": "1.509",
  "qualifier": "",
  "property_location": "40 PARK #509",
  "property_class": "2",
  "bldg_class": "20",
  "bldg_desc": "CONDO",
  "land_desc": "2.49 ACRES",
  "year_built": 2010,
  "living_sqft": 2492,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "70000000",
  "improvement_value_cents": "87040000",
  "net_value_cents": "157040000",
  "last_yr_tx_cents": "2473380",
  "deed_date": "2010-07-01",
  "deed_book": "21575",
  "deed_page": "196",
  "sale_price_cents": "148990000",
  "sales_code": null,
  "owner_mailing_street": "40 W PARK PL #509",
  "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": "7dde2524-32da-4f18-9214-e2d5d1e9d68d",
    "property_id": "988478a0-0bbd-476c-b9bb-cd69dae26a06",
    "county_code": "14",
    "district_code": "24",
    "block": "6004",
    "lot": "1.509",
    "qualifier": "",
    "deed_book": "21575",
    "deed_page": "196",
    "deed_date": "2010-07-01",
    "date_recorded": "2010-07-08",
    "sale_price_cents": "148990000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "84b0aae4-3583-4a8b-9077-3bfd8e0b9df6",
    "property_id": "988478a0-0bbd-476c-b9bb-cd69dae26a06",
    "county_code": "14",
    "district_code": "24",
    "block": "6004",
    "lot": "1.509",
    "qualifier": "",
    "deed_book": "21575",
    "deed_page": "196",
    "deed_date": "2010-07-01",
    "date_recorded": "2010-07-01",
    "sale_price_cents": "148990000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 40 Park #509, Morristown, NJ last sold?: The most recent recorded sale was in 2010 for $1,489,900.
What is the assessed value of 40 Park #509, Morristown, NJ?: The total municipal assessment is $1,570,400 (land plus improvements).
What is 40 Park #509, Morristown, NJ worth?: Our model estimates a market value of $1,924,988, derived from comparable recorded sales nearby.
How many units does 40 Park #509, Morristown, NJ have?: Records show 1 dwelling unit at 40 Park #509, Morristown, NJ.
What kind of property is 40 Park #509, Morristown, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2010.

Sales history

7/8/2010$1,489,900
taxrecords_njBk 21575 / Pg 196
7/1/2010$1,489,900
MOD-IV (Rutgers)Bk 21575 / Pg 196

Date	Price	Book / Page	Source
7/8/2010	$1,489,900	21575 / 196	taxrecords_nj
7/1/2010	$1,489,900	21575 / 196	MOD-IV (Rutgers)