When was 78 Market St, Morristown, NJ last sold?

The most recent recorded sale was in 2025 for $2,200,000.

What is the assessed value of 78 Market St, Morristown, NJ?

The total municipal assessment is $1,436,400 (land plus improvements).

What is 78 Market St, Morristown, NJ worth?

Our model estimates a market value of $2,145,890, derived from comparable recorded sales nearby.

What kind of property is 78 Market St, Morristown, NJ?

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

parceldata.nj

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78 Market St, Morristown, NJ — owner, sales, deeds · parceldata

78 Market St

Morristown, NJ·Morris County

1424·block 6005·lot 13

$2,145,890estimated value

Last sale

$2,200,000

5/12/2025 · taxrecords_nj

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

Property

Type

Commercial

Tax class

Commercial

Year built

Building size

—

Lot size

0.30 ac

Land description

110X120

Building description

1S CB GAS STA

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$1,436,400

Land value

$1,338,800

Improvement value

$97,600

Last year's tax

$24,146

Last MOD-IV sale

$2,200,000

MOD-IV deed date

5/8/2025

Owner mailing address

64-66 MARKET ST
MORRISTOWN, NJ 07960

Estimated market value

$2,145,890

range $1,996,648 – $2,295,131

high confidence

Assessment-implied: $1,587,007; Director's Ratio 0.9051 (2025)
Comparable sales: 25 (below threshold)

Estimated value, last 11 years

2016: $1,402,095 → 2026: $2,145,890

dots are actual sale prices for this property

Bordering

200-ft notice list →

7 Maple Ave
Lot 10
6 Macculloch Ave
Lot 11·$1,200,000
4 Macculloch
Lot 12
4 Macculloch Ave #1
Lot 12.01·$299,500
4 Macculloch Ave #2
Lot 12.02·$303,600
4 Macculloch Ave #3
Lot 12.03·$294,600
4 Macculloch Ave #4
Lot 12.04·$311,700

Block 6005All of Block 6005 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 2,
  "portfolioKeys": {
    "fullKeys": [
      "64-66 MARKET ST MORRISTOWN NJ 07960"
    ],
    "zipKeys": [
      "64-66 MARKET ST 07960"
    ]
  },
  "effective_unit_count": null,
  "effective_unit_count_source": "none"
}

MOD-IV

{
  "pams_pin": "1424_6005_13",
  "county_code": "14",
  "district_code": "24",
  "block": "6005",
  "lot": "13",
  "qualifier": "",
  "property_location": "78 MARKET ST",
  "property_class": "4A",
  "bldg_class": null,
  "bldg_desc": "1S CB GAS STA",
  "land_desc": "110X120",
  "year_built": 0,
  "living_sqft": null,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "133880000",
  "improvement_value_cents": "9760000",
  "net_value_cents": "143640000",
  "last_yr_tx_cents": "2414588",
  "deed_date": "2025-05-08",
  "deed_book": "24916",
  "deed_page": "1173",
  "sale_price_cents": "220000000",
  "sales_code": null,
  "owner_mailing_street": "64-66 MARKET ST",
  "owner_mailing_city_state_zip": "MORRISTOWN, NJ  07960",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "0.303000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": "101",
  "fac_name": null,
  "centroid_lon": -74.48363003979483,
  "centroid_lat": 40.79448134296499
}

SR1A

[
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    "property_id": "a9d03156-c81b-4e33-b4a1-3e60b8b69ec5",
    "county_code": "14",
    "district_code": "24",
    "block": "6005",
    "lot": "13",
    "qualifier": "",
    "deed_book": "24916",
    "deed_page": "1173",
    "deed_date": "2025-05-08",
    "date_recorded": "2025-05-12",
    "sale_price_cents": "220000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
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    "property_id": null,
    "county_code": "14",
    "district_code": "24",
    "block": "6005",
    "lot": "13",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2025-05-08",
    "date_recorded": "2025-05-12",
    "sale_price_cents": "220000000",
    "sr1a_year": 2025,
    "source": "sr1a"
  },
  {
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    "qualifier": "",
    "deed_book": "24916",
    "deed_page": "1173",
    "deed_date": "2025-05-08",
    "date_recorded": "2025-05-08",
    "sale_price_cents": "220000000",
    "sr1a_year": null,
    "source": "taxrecords_nj_owners"
  },
  {
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    "deed_book": "24425",
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    "deed_date": "2022-05-13",
    "date_recorded": "2022-06-08",
    "sale_price_cents": "145000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
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  },
  {
    "id": "dbd3fc73-882b-4e94-ab08-eb851154283d",
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    "deed_book": "24425",
    "deed_page": "935",
    "deed_date": "2022-05-13",
    "date_recorded": "2022-05-13",
    "sale_price_cents": "145000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "f54c1750-f9cd-4dbe-b8ba-d9c33d9e5c35",
    "property_id": null,
    "county_code": "14",
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    "lot": "13",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2021-12-31",
    "date_recorded": "2022-03-02",
    "sale_price_cents": "10000000",
    "sr1a_year": 2022,
    "source": "sr1a"
  },
  {
    "id": "7deb2903-076c-4acb-b5bc-4ae1e73af4a7",
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    "county_code": "14",
    "district_code": "24",
    "block": "6005",
    "lot": "13",
    "qualifier": "",
    "deed_book": "24358",
    "deed_page": "1490",
    "deed_date": "2021-12-31",
    "date_recorded": "2022-03-02",
    "sale_price_cents": "10000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "2402a17b-e59e-4a63-9851-a17c25396903",
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    "qualifier": "",
    "deed_book": "21754",
    "deed_page": "1518",
    "deed_date": "2011-02-15",
    "date_recorded": "2011-03-08",
    "sale_price_cents": "35000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "b864ed2c-357f-4070-88f9-617eacc4b99d",
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    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "a01cc51c-2b26-4f39-ab88-2b9cefcd0779",
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    "deed_book": "5064",
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    "deed_date": "1999-09-21",
    "date_recorded": "1999-10-01",
    "sale_price_cents": "1000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "d78cdf05-8359-427e-b173-14ceebc02ee6",
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    "district_code": "24",
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    "deed_book": "5064",
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    "deed_date": "1999-09-21",
    "date_recorded": "1999-09-21",
    "sale_price_cents": "1000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 78 Market St, Morristown, NJ last sold?: The most recent recorded sale was in 2025 for $2,200,000.
What is the assessed value of 78 Market St, Morristown, NJ?: The total municipal assessment is $1,436,400 (land plus improvements).
What is 78 Market St, Morristown, NJ worth?: Our model estimates a market value of $2,145,890, derived from comparable recorded sales nearby.
What kind of property is 78 Market St, Morristown, NJ?: MOD-IV classifies it as Commercial (class 4A).

Based on 25 comparable sales

Address	Sold	Price
168 Morris St	11/17/2025	$655,000
39 South St	8/26/2025	$2,500,000
11 Hill St	8/26/2025	$840,000
76 Mt Kemble Ave	7/11/2025	$760,000
13 Ridgedale Ave	7/9/2025	$620,000
74 Market St	5/8/2025	$2,200,000
233 South St	4/15/2025	$3,265,000
243 South St	4/8/2025	$1,500,000
121 Washington St	3/5/2025	$850,000
25 Market St	1/24/2025	$4,900,000
Lackawanna Pl	1/6/2025	$1,400,000
122 Washington St	1/3/2025	$785,000
22 Maple Ave	12/30/2024	$6,150,000
176 Morris St	12/16/2024	$610,000
26 Franklin Pl	12/4/2024	$1,900,000
40 Park	10/22/2024	$15,650,000
40 Park	10/22/2024	$15,650,000
60 Maple Ave	6/14/2024	$1,950,000
29 Elm St	1/19/2024	$2,845,000
99 Washington St	1/17/2024	$950,000
176 Morris St	10/23/2023	$578,000
13 Ridgedale Ave	9/22/2023	$555,000
64-66 Market St	8/17/2023	$2,050,000
146 Speedwell Ave	7/19/2023	$1,075,000
97 M L King Ave South	7/5/2023	$499,000

Sales history

5/12/2025$2,200,000
taxrecords_njBk 24916 / Pg 1173
5/12/2025$2,200,000
SR1A 2025
5/8/2025$2,200,000
taxrecords_nj_ownersBk 24916 / Pg 1173
6/8/2022$1,450,000
taxrecords_njBk 24425 / Pg 935
6/8/2022$1,450,000
SR1A 2022
5/13/2022$1,450,000
MOD-IV (Rutgers)Bk 24425 / Pg 935
3/2/2022$100,000
SR1A 2022
3/2/2022$100,000
taxrecords_njBk 24358 / Pg 1490
3/8/2011$350,000
taxrecords_njBk 21754 / Pg 1518
2/15/2011$350,000
MOD-IV (Rutgers)Bk 21754 / Pg 1518
10/1/1999$10
taxrecords_njBk 5064 / Pg 77
9/21/1999$10
MOD-IV (Rutgers)Bk 5064 / Pg 77

Date	Price	Book / Page	Source
5/12/2025	$2,200,000	24916 / 1173	taxrecords_nj
5/12/2025	$2,200,000	—	SR1A 2025
5/8/2025	$2,200,000	24916 / 1173	taxrecords_nj_owners
6/8/2022	$1,450,000	24425 / 935	taxrecords_nj
6/8/2022	$1,450,000	—	SR1A 2022
5/13/2022	$1,450,000	24425 / 935	MOD-IV (Rutgers)
3/2/2022	$100,000	—	SR1A 2022
3/2/2022	$100,000	24358 / 1490	taxrecords_nj
3/8/2011	$350,000	21754 / 1518	taxrecords_nj