When was 191 South St, Morristown, NJ last sold?

The most recent recorded sale was in 2006 for $15,500,000.

What is the assessed value of 191 South St, Morristown, NJ?

The total municipal assessment is $9,519,200 (land plus improvements).

What is 191 South St, Morristown, NJ worth?

Our model estimates a market value of $10,517,291, derived from comparable recorded sales nearby.

What kind of property is 191 South St, Morristown, NJ?

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

parceldata.nj

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191 South St, Morristown, NJ — owner, sales, deeds · parceldata

191 South St

Morristown, NJ·Morris County

1424·block 6301·lot 3

$10,517,291estimated value

Last sale

$15,500,000

5/22/2006 · taxrecords_nj

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

Property

Type

Commercial

Tax class

Commercial

Year built

—

Building size

—

Lot size

2.03 ac

Land description

2.03 AC

Building description

1S CB STORES

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$9,519,200

Land value

$2,100,000

Improvement value

$7,419,200

Last year's tax

$160,018

Last MOD-IV sale

$15,500,000

MOD-IV deed date

4/27/2006

Owner mailing address

700 LANIDEX PLAZA
PARSIPPANY NJ 07054

Estimated market value

$10,517,291

range $8,939,697 – $12,094,885

moderate confidence

Assessment-implied: $10,517,291; Director's Ratio 0.9051 (2025)
Comparable sales: 19 (below threshold)

Estimated value, last 11 years

2016: $6,913,757 → 2026: $10,517,291

Based on 19 comparable sales

Address	Sold	Price
40 Park	3/5/2026	$625,000
40 Park	12/8/2025	$761,000

Bordering

200-ft notice list →

12 James St
Lot 1·$758,700
181 South St
Lot 2·$10,127,200
203 South St
Lot 4·$10,289,700

Block 6301All of Block 6301 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 4,
  "portfolioKeys": {
    "fullKeys": [
      "700 LANIDEX PLZ PARSIPPANY NJ 07054"
    ],
    "zipKeys": [
      "700 LANIDEX PLZ 07054"
    ]
  },
  "effective_unit_count": null,
  "effective_unit_count_source": "none"
}

MOD-IV

{
  "pams_pin": "1424_6301_3",
  "county_code": "14",
  "district_code": "24",
  "block": "6301",
  "lot": "3",
  "qualifier": "",
  "property_location": "191 SOUTH ST",
  "property_class": "4A",
  "bldg_class": null,
  "bldg_desc": "1S CB STORES",
  "land_desc": "2.03 AC",
  "year_built": null,
  "living_sqft": null,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "210000000",
  "improvement_value_cents": "741920000",
  "net_value_cents": "951920000",
  "last_yr_tx_cents": "16001775",
  "deed_date": "2006-04-27",
  "deed_book": "20515",
  "deed_page": "1834",
  "sale_price_cents": "1550000000",
  "sales_code": null,
  "owner_mailing_street": "700 LANIDEX PLAZA",
  "owner_mailing_city_state_zip": "PARSIPPANY  NJ  07054",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "2.030000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.47512598217256,
  "centroid_lat": 40.79052905232973
}

SR1A

[
  {
    "id": "9a74c892-2f23-452d-8157-a87643abd74a",
    "property_id": "be55841f-d9c3-4737-824d-87f69b0ed792",
    "county_code": "14",
    "district_code": "24",
    "block": "6301",
    "lot": "3",
    "qualifier": "",
    "deed_book": "20515",
    "deed_page": "1834",
    "deed_date": "2006-04-27",
    "date_recorded": "2006-05-22",
    "sale_price_cents": "1550000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "b4fda894-cc48-4ddc-85d5-0db5551828c8",
    "property_id": "be55841f-d9c3-4737-824d-87f69b0ed792",
    "county_code": "14",
    "district_code": "24",
    "block": "6301",
    "lot": "3",
    "qualifier": "",
    "deed_book": "20515",
    "deed_page": "1834",
    "deed_date": "2006-04-27",
    "date_recorded": "2006-04-27",
    "sale_price_cents": "1550000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 191 South St, Morristown, NJ last sold?: The most recent recorded sale was in 2006 for $15,500,000.
What is the assessed value of 191 South St, Morristown, NJ?: The total municipal assessment is $9,519,200 (land plus improvements).
What is 191 South St, Morristown, NJ worth?: Our model estimates a market value of $10,517,291, derived from comparable recorded sales nearby.
What kind of property is 191 South St, Morristown, NJ?: MOD-IV classifies it as Commercial (class 4A).

Sales history

5/22/2006$15,500,000
taxrecords_njBk 20515 / Pg 1834
4/27/2006$15,500,000
MOD-IV (Rutgers)Bk 20515 / Pg 1834

Date	Price	Book / Page	Source
5/22/2006	$15,500,000	20515 / 1834	taxrecords_nj
4/27/2006	$15,500,000	20515 / 1834	MOD-IV (Rutgers)