When was 38 Chestnut St #2, Morristown, NJ last sold?

The most recent recorded sale was in 2017 for $435,000.

What is the assessed value of 38 Chestnut St #2, Morristown, NJ?

The total municipal assessment is $587,200 (land plus improvements).

What is 38 Chestnut St #2, Morristown, NJ worth?

Our model estimates a market value of $781,090, derived from comparable recorded sales nearby.

How many units does 38 Chestnut St #2, Morristown, NJ have?

Records show 1 dwelling unit at 38 Chestnut St #2, Morristown, NJ.

What kind of property is 38 Chestnut St #2, Morristown, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1986.

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38 Chestnut St #2, Morristown, NJ — owner, sales, deeds · parceldata

38 Chestnut St #2

Morristown, NJ 07960·Morris County

1424·block 7601·lot 13.02

$781,090estimated value

Last sale

$435,000

1/30/2017 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1986

Building size

2,183 sq ft

Lot size

0.25 ac

Land description

10769 SF

Building description

CONDO

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$587,200

Land value

$200,000

Improvement value

$387,200

Last year's tax

$9,248

Last MOD-IV sale

$435,000

MOD-IV deed date

1/19/2017

Owner mailing address

38 CHESTNUT ST #2
MORRISTOWN, NJ 07960

Estimated market value

$781,090

range $711,110 – $852,720

moderate confidence

Assessment-implied: $648,768; Director's Ratio 0.9051 (2025)
Comp-implied: $825,197; 14 comparable sales

Estimated value, last 11 years

2016: $513,465 → 2026: $781,090

dots are actual sale prices for this property

Bordering

200-ft notice list →

38 Chestnut St
Lot 13
38 Chestnut St #1
Lot 13.01·$542,700
38 Chestnut St #3
Lot 13.03·$459,000
38 Chestnut St #4
Lot 13.04·$522,800

Block 7601All of Block 7601 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "38 CHESTNUT ST 2 MORRISTOWN NJ 07960"
    ],
    "zipKeys": [
      "38 CHESTNUT ST 2 07960"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1424_7601_13.02",
  "county_code": "14",
  "district_code": "24",
  "block": "7601",
  "lot": "13.02",
  "qualifier": "",
  "property_location": "38 CHESTNUT ST #2",
  "property_class": "2",
  "bldg_class": "39",
  "bldg_desc": "CONDO",
  "land_desc": "10769 SF",
  "year_built": 1986,
  "living_sqft": 2183,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "20000000",
  "improvement_value_cents": "38720000",
  "net_value_cents": "58720000",
  "last_yr_tx_cents": "924840",
  "deed_date": "2017-01-19",
  "deed_book": "23071",
  "deed_page": "1233",
  "sale_price_cents": "43500000",
  "sales_code": null,
  "owner_mailing_street": "38 CHESTNUT ST #2",
  "owner_mailing_city_state_zip": "MORRISTOWN, NJ  07960",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "0.247000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.48767205148219,
  "centroid_lat": 40.79555213978446
}

SR1A

[
  {
    "id": "bdda71f2-a539-4674-ab75-e4dc0b2af809",
    "property_id": "03e204c5-0ed7-4f4e-8dbd-54cde55cd061",
    "county_code": "14",
    "district_code": "24",
    "block": "7601",
    "lot": "13.02",
    "qualifier": "",
    "deed_book": "23071",
    "deed_page": "1233",
    "deed_date": "2017-01-19",
    "date_recorded": "2017-01-30",
    "sale_price_cents": "43500000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "c5cd0a4d-3cc7-4669-9bb3-564c7a827b35",
    "property_id": "03e204c5-0ed7-4f4e-8dbd-54cde55cd061",
    "county_code": "14",
    "district_code": "24",
    "block": "7601",
    "lot": "13.02",
    "qualifier": "",
    "deed_book": "23071",
    "deed_page": "1233",
    "deed_date": "2017-01-19",
    "date_recorded": "2017-01-19",
    "sale_price_cents": "43500000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "91be0ca2-f945-496e-bbc2-d56c9137a08c",
    "property_id": "03e204c5-0ed7-4f4e-8dbd-54cde55cd061",
    "county_code": "14",
    "district_code": "24",
    "block": "7601",
    "lot": "13.02",
    "qualifier": "",
    "deed_book": "22220",
    "deed_page": "1829",
    "deed_date": "2012-11-02",
    "date_recorded": "2013-01-04",
    "sale_price_cents": "41000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "7aaeac4b-16bc-4824-bd74-daa136f0708f",
    "property_id": "03e204c5-0ed7-4f4e-8dbd-54cde55cd061",
    "county_code": "14",
    "district_code": "24",
    "block": "7601",
    "lot": "13.02",
    "qualifier": "",
    "deed_book": "22220",
    "deed_page": "1829",
    "deed_date": "2012-11-02",
    "date_recorded": "2012-11-02",
    "sale_price_cents": "41000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "e7d69dc9-b0fa-4c4b-819e-9524755a8335",
    "property_id": "03e204c5-0ed7-4f4e-8dbd-54cde55cd061",
    "county_code": "14",
    "district_code": "24",
    "block": "7601",
    "lot": "13.02",
    "qualifier": "",
    "deed_book": "21205",
    "deed_page": "1347",
    "deed_date": "2009-01-06",
    "date_recorded": "2009-01-08",
    "sale_price_cents": "41500000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "bc8184d7-e64f-47ae-8221-a9ac8073ab39",
    "property_id": "03e204c5-0ed7-4f4e-8dbd-54cde55cd061",
    "county_code": "14",
    "district_code": "24",
    "block": "7601",
    "lot": "13.02",
    "qualifier": "",
    "deed_book": "21205",
    "deed_page": "1347",
    "deed_date": "2009-01-06",
    "date_recorded": "2009-01-06",
    "sale_price_cents": "41500000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "2fcc26ea-5334-4ee9-8f29-af4a2cb4c949",
    "property_id": "03e204c5-0ed7-4f4e-8dbd-54cde55cd061",
    "county_code": "14",
    "district_code": "24",
    "block": "7601",
    "lot": "13.02",
    "qualifier": "",
    "deed_book": "4663",
    "deed_page": "273",
    "deed_date": "1997-10-29",
    "date_recorded": "1997-11-06",
    "sale_price_cents": "18800000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "6cab3855-d7b3-4802-abfb-397837544bba",
    "property_id": "03e204c5-0ed7-4f4e-8dbd-54cde55cd061",
    "county_code": "14",
    "district_code": "24",
    "block": "7601",
    "lot": "13.02",
    "qualifier": "",
    "deed_book": "4663",
    "deed_page": "273",
    "deed_date": "1997-10-29",
    "date_recorded": "1997-10-29",
    "sale_price_cents": "18800000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "f41b44a6-2f11-40fc-aa34-40d22970b7d2",
    "property_id": "03e204c5-0ed7-4f4e-8dbd-54cde55cd061",
    "county_code": "14",
    "district_code": "24",
    "block": "7601",
    "lot": "13.02",
    "qualifier": "",
    "deed_book": "3671",
    "deed_page": "266",
    "deed_date": "1992-10-27",
    "date_recorded": "1992-10-27",
    "sale_price_cents": "16720000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "bb31199f-4e58-4fcf-8077-4044dcde907d",
    "property_id": "03e204c5-0ed7-4f4e-8dbd-54cde55cd061",
    "county_code": "14",
    "district_code": "24",
    "block": "7601",
    "lot": "13.02",
    "qualifier": "",
    "deed_book": "2891",
    "deed_page": "469",
    "deed_date": "1986-09-19",
    "date_recorded": "1986-09-19",
    "sale_price_cents": "19900000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 38 Chestnut St #2, Morristown, NJ last sold?: The most recent recorded sale was in 2017 for $435,000.
What is the assessed value of 38 Chestnut St #2, Morristown, NJ?: The total municipal assessment is $587,200 (land plus improvements).
What is 38 Chestnut St #2, Morristown, NJ worth?: Our model estimates a market value of $781,090, derived from comparable recorded sales nearby.
How many units does 38 Chestnut St #2, Morristown, NJ have?: Records show 1 dwelling unit at 38 Chestnut St #2, Morristown, NJ.
What kind of property is 38 Chestnut St #2, Morristown, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1986.

Based on 14 comparable sales

Address	Sold	Price
53 Ralph Pl	8/11/2025	$722,000
11 Wetmore Ave	5/16/2025	$260,000
11 Wetmore Ave	4/9/2025	$380,000
151 Mills St	4/7/2025	$625,000
18 King St	2/19/2025	$925,000
15 Kary Way	1/28/2025	$999,999
61 Wetmore Ave	8/15/2024	$600,000
37 Ralph Pl	8/7/2024	$575,000
47A Lake Rd	1/23/2024	$580,000
11 Wetmore Ave	1/8/2024	$390,000
9 Green St	12/1/2023	$750,000
2 Tiffany Rd	9/7/2023	$1,050,000
39 Phoenix Ave	8/9/2023	$549,000
18 Ames Rd	6/1/2023	$471,000

Sales history

1/30/2017$435,000
taxrecords_njBk 23071 / Pg 1233
1/19/2017$435,000
MOD-IV (Rutgers)Bk 23071 / Pg 1233
1/4/2013$410,000
taxrecords_njBk 22220 / Pg 1829
11/2/2012$410,000
MOD-IV (Rutgers)Bk 22220 / Pg 1829
1/8/2009$415,000
taxrecords_njBk 21205 / Pg 1347
1/6/2009$415,000
MOD-IV (Rutgers)Bk 21205 / Pg 1347
11/6/1997$188,000
taxrecords_njBk 4663 / Pg 273
10/29/1997$188,000
MOD-IV (Rutgers)Bk 4663 / Pg 273
10/27/1992$167,200
MOD-IV (Rutgers)Bk 3671 / Pg 266
9/19/1986$199,000
MOD-IV (Rutgers)Bk 2891 / Pg 469

Date	Price	Book / Page	Source
1/30/2017	$435,000	23071 / 1233	taxrecords_nj
1/19/2017	$435,000	23071 / 1233	MOD-IV (Rutgers)
1/4/2013	$410,000	22220 / 1829	taxrecords_nj
11/2/2012	$410,000	22220 / 1829	MOD-IV (Rutgers)
1/8/2009	$415,000	21205 / 1347	taxrecords_nj
1/6/2009	$415,000	21205 / 1347	MOD-IV (Rutgers)
11/6/1997	$188,000	4663 / 273	taxrecords_nj
10/29/1997	$188,000	4663 / 273	MOD-IV (Rutgers)
10/27/1992	$167,200	3671 / 266	MOD-IV (Rutgers)