When was 243 South St, Morristown, NJ last sold?

The most recent recorded sale was in 2025 for $1,500,000.

What is the assessed value of 243 South St, Morristown, NJ?

The total municipal assessment is $1,235,000 (land plus improvements).

What is 243 South St, Morristown, NJ worth?

Our model estimates a market value of $1,487,865, derived from comparable recorded sales nearby.

What kind of property is 243 South St, Morristown, NJ?

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

parceldata.nj

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

243 South St

Morristown, NJ·Morris County

1424·block 6401·lot 5

$1,487,865estimated value

Last sale

$1,500,000

4/8/2025 · SR1A 2025

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

Property

Type

Commercial

Tax class

Commercial

Year built

—

Building size

3,571 sq ft

Lot size

0.41 ac

Land description

60X301

Building description

2.5S F OFFICE

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$1,235,000

Land value

$864,000

Improvement value

$371,000

Last year's tax

$20,760

Last MOD-IV sale

$1,500,000

MOD-IV deed date

4/7/2025

Owner mailing address

247 SOUTH ST
MORRISTOWN, NJ 07960

Estimated market value

$1,487,865

range $1,380,388 – $1,595,342

high confidence

Assessment-implied: $1,364,490; Director's Ratio 0.9051 (2025)
Comparable sales: 9 (below threshold)

Estimated value, last 11 years

2016: $972,151 → 2026: $1,487,865

dots are actual sale prices for this property

Based on 9 comparable sales

Bordering

200-ft notice list →

10 Headley Rd
Lot 3·$2,015,000
237 South St
Lot 4·$6,452,100
247 South St
Lot 6·$21,081,700

Block 6401All of Block 6401 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 3,
  "portfolioKeys": {
    "fullKeys": [
      "247 S ST MORRISTOWN NJ 07960"
    ],
    "zipKeys": [
      "247 S ST 07960"
    ]
  },
  "effective_unit_count": null,
  "effective_unit_count_source": "none"
}

MOD-IV

{
  "pams_pin": "1424_6401_5",
  "county_code": "14",
  "district_code": "24",
  "block": "6401",
  "lot": "5",
  "qualifier": "",
  "property_location": "243 SOUTH ST",
  "property_class": "4A",
  "bldg_class": null,
  "bldg_desc": "2.5S F OFFICE",
  "land_desc": "60X301",
  "year_built": null,
  "living_sqft": 3571,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "86400000",
  "improvement_value_cents": "37100000",
  "net_value_cents": "123500000",
  "last_yr_tx_cents": "2076035",
  "deed_date": "2025-04-07",
  "deed_book": "24901",
  "deed_page": "1100",
  "sale_price_cents": "150000000",
  "sales_code": null,
  "owner_mailing_street": "247 SOUTH ST",
  "owner_mailing_city_state_zip": "MORRISTOWN, NJ  07960",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "0.415000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": "101",
  "fac_name": null,
  "centroid_lon": -74.47190371785824,
  "centroid_lat": 40.787794555438694
}

SR1A

[
  {
    "id": "47acd143-bade-47d2-847d-749239140860",
    "property_id": null,
    "county_code": "14",
    "district_code": "24",
    "block": "6401",
    "lot": "5",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2025-04-07",
    "date_recorded": "2025-04-08",
    "sale_price_cents": "150000000",
    "sr1a_year": 2025,
    "source": "sr1a"
  },
  {
    "id": "03369d4f-1bb2-4ac7-aff3-f24423ebeab5",
    "property_id": "4587ad6c-3c8c-4de6-a11b-e1969a2667f8",
    "county_code": "14",
    "district_code": "24",
    "block": "6401",
    "lot": "5",
    "qualifier": "",
    "deed_book": "24901",
    "deed_page": "1100",
    "deed_date": "2025-04-07",
    "date_recorded": "2025-04-08",
    "sale_price_cents": "150000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "c173c833-a72f-43dd-86be-4f1117b64d89",
    "property_id": "4587ad6c-3c8c-4de6-a11b-e1969a2667f8",
    "county_code": "14",
    "district_code": "24",
    "block": "6401",
    "lot": "5",
    "qualifier": "",
    "deed_book": "24901",
    "deed_page": "1100",
    "deed_date": "2025-04-07",
    "date_recorded": "2025-04-07",
    "sale_price_cents": "150000000",
    "sr1a_year": null,
    "source": "taxrecords_nj_owners"
  },
  {
    "id": "792db179-13ef-4d39-800a-db9b65ce91ed",
    "property_id": null,
    "county_code": "14",
    "district_code": "24",
    "block": "6401",
    "lot": "5",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2023-10-26",
    "date_recorded": "2023-11-06",
    "sale_price_cents": "1000",
    "sr1a_year": 2024,
    "source": "sr1a"
  },
  {
    "id": "e7c23a6b-8459-4458-b7fb-1c988a3619fd",
    "property_id": "4587ad6c-3c8c-4de6-a11b-e1969a2667f8",
    "county_code": "14",
    "district_code": "24",
    "block": "6401",
    "lot": "5",
    "qualifier": "",
    "deed_book": "24678",
    "deed_page": "755",
    "deed_date": "2023-10-26",
    "date_recorded": "2023-11-06",
    "sale_price_cents": "1000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "47bf75c5-abdc-476b-92e0-36dc1f559fc7",
    "property_id": "4587ad6c-3c8c-4de6-a11b-e1969a2667f8",
    "county_code": "14",
    "district_code": "24",
    "block": "6401",
    "lot": "5",
    "qualifier": "",
    "deed_book": "24678",
    "deed_page": "755",
    "deed_date": "2023-10-26",
    "date_recorded": "2023-10-26",
    "sale_price_cents": "1000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 243 South St, Morristown, NJ last sold?: The most recent recorded sale was in 2025 for $1,500,000.
What is the assessed value of 243 South St, Morristown, NJ?: The total municipal assessment is $1,235,000 (land plus improvements).
What is 243 South St, Morristown, NJ worth?: Our model estimates a market value of $1,487,865, derived from comparable recorded sales nearby.
What kind of property is 243 South St, Morristown, NJ?: MOD-IV classifies it as Commercial (class 4A).

Sales history

4/8/2025$1,500,000
SR1A 2025
4/8/2025$1,500,000
taxrecords_njBk 24901 / Pg 1100
4/7/2025$1,500,000
taxrecords_nj_ownersBk 24901 / Pg 1100
11/6/2023$10
SR1A 2024
11/6/2023$10
taxrecords_njBk 24678 / Pg 755
10/26/2023$10
MOD-IV (Rutgers)Bk 24678 / Pg 755

Date	Price	Book / Page	Source
4/8/2025	$1,500,000	—	SR1A 2025
4/8/2025	$1,500,000	24901 / 1100	taxrecords_nj
4/7/2025	$1,500,000	24901 / 1100	taxrecords_nj_owners
11/6/2023	$10	—	SR1A 2024
11/6/2023	$10	24678 / 755	taxrecords_nj
10/26/2023	$10	24678 / 755	MOD-IV (Rutgers)

168 Morris St	11/17/2025	$655,000
39 South St	8/26/2025	$2,500,000
76 Mt Kemble Ave	7/11/2025	$760,000
78 Market St	5/12/2025	$2,200,000
233 South St	4/15/2025	$3,265,000
25 Market St	1/24/2025	$4,900,000
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