When was 1 Madison Ave - West Bldg, Morristown, NJ last sold?

The most recent recorded sale was in 2019 for $1,200,000.

What is the assessed value of 1 Madison Ave - West Bldg, Morristown, NJ?

The total municipal assessment is $1,600,000 (land plus improvements).

What is 1 Madison Ave - West Bldg, Morristown, NJ worth?

Our model estimates a market value of $1,762,168, derived from comparable recorded sales nearby.

What kind of property is 1 Madison Ave - West Bldg, Morristown, NJ?

MOD-IV classifies it as Commercial (class 4A). Year built: 1916.

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1 Madison Ave - West Bldg, Morristown, NJ — owner, sales, deeds · parceldata

1 Madison Ave - West Bldg

Morristown, NJ·Morris County

1424·block 6501·lot 7

$1,762,168estimated value

Last sale

$1,200,000

5/8/2019 · taxrecords_nj

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

Property

Type

Commercial

Tax class

Commercial

Year built

1916

Building size

6,266 sq ft

Lot size

0.47 ac

Land description

20475SF

Building description

2.5S F OFF

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$1,600,000

Land value

$1,100,000

Improvement value

$500,000

Last year's tax

$39,167

Last MOD-IV sale

$1,200,000

MOD-IV deed date

5/6/2019

Owner mailing address

1 MADISON AVE
MORRISTOWN, NJ 07960

Estimated market value

$1,762,168

range $1,497,850 – $2,026,486

moderate confidence

Assessment-implied: $1,767,760; Director's Ratio 0.9051 (2025)
Comparable sales: 5 (below threshold)

Estimated value, last 11 years

2016: $1,151,377 → 2026: $1,762,168

dots are actual sale prices for this property

Based on 5 comparable sales

Address	Sold

Bordering

200-ft notice list →

21 Madison Ave
Lot 1·$2,116,200
268 South St
Lot 3·$1,262,800
264 South St
Lot 4·$2,406,700
246 South St
Lot 6·$2,435,400

Block 6501All of Block 6501 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 28,
  "portfolioKeys": {
    "fullKeys": [
      "1 MADISON AVE MORRISTOWN NJ 07960"
    ],
    "zipKeys": [
      "1 MADISON AVE 07960"
    ]
  },
  "effective_unit_count": null,
  "effective_unit_count_source": "none"
}

MOD-IV

{
  "pams_pin": "1424_6501_7",
  "county_code": "14",
  "district_code": "24",
  "block": "6501",
  "lot": "7",
  "qualifier": "",
  "property_location": "1 MADISON AVE - WEST BLDG",
  "property_class": "4A",
  "bldg_class": null,
  "bldg_desc": "2.5S F OFF",
  "land_desc": "20475SF",
  "year_built": 1916,
  "living_sqft": 6266,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "110000000",
  "improvement_value_cents": "50000000",
  "net_value_cents": "160000000",
  "last_yr_tx_cents": "3916730",
  "deed_date": "2019-05-06",
  "deed_book": "23533",
  "deed_page": "561",
  "sale_price_cents": "120000000",
  "sales_code": null,
  "owner_mailing_street": "1 MADISON AVE",
  "owner_mailing_city_state_zip": "MORRISTOWN, NJ  07960",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "0.470000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": "101",
  "fac_name": null,
  "centroid_lon": -74.47077700018751,
  "centroid_lat": 40.788363141357245
}

SR1A

[
  {
    "id": "076d6c9b-a0b1-4199-8df0-616184f71f4a",
    "property_id": "54f5e5d3-2625-4743-8579-322ea73b917c",
    "county_code": "14",
    "district_code": "24",
    "block": "6501",
    "lot": "7",
    "qualifier": "",
    "deed_book": "23533",
    "deed_page": "561",
    "deed_date": "2019-05-06",
    "date_recorded": "2019-05-08",
    "sale_price_cents": "120000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "f8d5c3c6-41ab-4d4e-81f2-67b3bfed6f14",
    "property_id": "54f5e5d3-2625-4743-8579-322ea73b917c",
    "county_code": "14",
    "district_code": "24",
    "block": "6501",
    "lot": "7",
    "qualifier": "",
    "deed_book": "23533",
    "deed_page": "561",
    "deed_date": "2019-05-06",
    "date_recorded": "2019-05-06",
    "sale_price_cents": "120000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "41b3afbe-da5b-455d-b874-e3f7da7f6667",
    "property_id": "54f5e5d3-2625-4743-8579-322ea73b917c",
    "county_code": "14",
    "district_code": "24",
    "block": "6501",
    "lot": "7",
    "qualifier": "",
    "deed_book": "3102",
    "deed_page": "259",
    "deed_date": "1989-02-27",
    "date_recorded": "1989-02-27",
    "sale_price_cents": "160000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "47fc5904-59b6-4deb-92b2-11fa83baba1c",
    "property_id": "54f5e5d3-2625-4743-8579-322ea73b917c",
    "county_code": "14",
    "district_code": "24",
    "block": "6501",
    "lot": "7",
    "qualifier": "",
    "deed_book": "2667",
    "deed_page": "718",
    "deed_date": "1989-02-27",
    "date_recorded": "1989-02-27",
    "sale_price_cents": "160000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "6ddce120-6c1f-48d9-a47d-f35e89aa55b1",
    "property_id": "54f5e5d3-2625-4743-8579-322ea73b917c",
    "county_code": "14",
    "district_code": "24",
    "block": "6501",
    "lot": "7",
    "qualifier": "",
    "deed_book": "2667",
    "deed_page": "718",
    "deed_date": "1983-04-22",
    "date_recorded": "1983-04-22",
    "sale_price_cents": "75000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 1 Madison Ave - West Bldg, Morristown, NJ last sold?: The most recent recorded sale was in 2019 for $1,200,000.
What is the assessed value of 1 Madison Ave - West Bldg, Morristown, NJ?: The total municipal assessment is $1,600,000 (land plus improvements).
What is 1 Madison Ave - West Bldg, Morristown, NJ worth?: Our model estimates a market value of $1,762,168, derived from comparable recorded sales nearby.
What kind of property is 1 Madison Ave - West Bldg, Morristown, NJ?: MOD-IV classifies it as Commercial (class 4A). Year built: 1916.

Sales history

5/8/2019$1,200,000
taxrecords_njBk 23533 / Pg 561
5/6/2019$1,200,000
MOD-IV (Rutgers)Bk 23533 / Pg 561
2/27/1989$1,600,000
MOD-IV (Rutgers)Bk 3102 / Pg 259
2/27/1989$1,600,000
MOD-IV (Rutgers)Bk 2667 / Pg 718
4/22/1983$750,000
MOD-IV (Rutgers)Bk 2667 / Pg 718

Date	Price	Book / Page	Source
5/8/2019	$1,200,000	23533 / 561	taxrecords_nj
5/6/2019	$1,200,000	23533 / 561	MOD-IV (Rutgers)
2/27/1989	$1,600,000	3102 / 259	MOD-IV (Rutgers)
2/27/1989	$1,600,000	2667 / 718	MOD-IV (Rutgers)
4/22/1983	$750,000	2667 / 718	MOD-IV (Rutgers)

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