When was 7 Colonial Rd, Morristown, NJ last sold?

The most recent recorded sale was in 2022 for $425,000.

What is the assessed value of 7 Colonial Rd, Morristown, NJ?

The total municipal assessment is $505,200 (land plus improvements).

What is 7 Colonial Rd, Morristown, NJ worth?

Our model estimates a market value of $491,291, derived from comparable recorded sales nearby.

How many units does 7 Colonial Rd, Morristown, NJ have?

Records show 1 dwelling unit at 7 Colonial Rd, Morristown, NJ.

What kind of property is 7 Colonial Rd, Morristown, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1922.

parceldata.nj

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7 Colonial Rd, Morristown, NJ — owner, sales, deeds · parceldata

7 Colonial Rd

Morristown, NJ 07960·Morris County

1424·block 8002·lot 31

$491,291estimated value

Last sale

$425,000

8/15/2022 · SR1A 2023

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1922

Building size

1,504 sq ft

Lot size

0.05 ac

Land description

2280SF

Building description

2S F 1FAM G

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$505,200

Land value

$305,200

Improvement value

$200,000

Last year's tax

$7,957

Last MOD-IV sale

$425,000

MOD-IV deed date

8/1/2022

Owner mailing address

7 COLONIAL RD
MORRISTOWN, NJ 07960

Estimated market value

$491,291

range $436,692 – $545,891

high confidence

Assessment-implied: $558,170; Director's Ratio 0.9051 (2025)
Comparable sales: 2 (below threshold)

Estimated value, last 11 years

2016: $321,003 → 2026: $491,291

dots are actual sale prices for this property

Based on 2 comparable sales

Address	Sold	Price
35 Harrison St	9/5/2025

Bordering

200-ft notice list →

173 Washington St
Lot 28·$2,101,700
175 Washington St
Lot 29·$687,100
179 Washington St
Lot 30·$561,500
9 Colonial Rd
Lot 32·$550,500

Block 8002All of Block 8002 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "7 COLONIAL RD MORRISTOWN NJ 07960"
    ],
    "zipKeys": [
      "7 COLONIAL RD 07960"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1424_8002_31",
  "county_code": "14",
  "district_code": "24",
  "block": "8002",
  "lot": "31",
  "qualifier": "",
  "property_location": "7 COLONIAL RD",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": "2S F 1FAM G",
  "land_desc": "2280SF",
  "year_built": 1922,
  "living_sqft": 1504,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "30520000",
  "improvement_value_cents": "20000000",
  "net_value_cents": "50520000",
  "last_yr_tx_cents": "795690",
  "deed_date": "2022-08-01",
  "deed_book": "24474",
  "deed_page": "975",
  "sale_price_cents": "42500000",
  "sales_code": null,
  "owner_mailing_street": "7 COLONIAL RD",
  "owner_mailing_city_state_zip": "MORRISTOWN, NJ  07960",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "0.052000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.49253120276444,
  "centroid_lat": 40.80118296082358
}

SR1A

[
  {
    "id": "8c9ff627-45bb-4e4b-a7df-c203390e5658",
    "property_id": null,
    "county_code": "14",
    "district_code": "24",
    "block": "8002",
    "lot": "31",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2022-08-01",
    "date_recorded": "2022-08-15",
    "sale_price_cents": "42500000",
    "sr1a_year": 2023,
    "source": "sr1a"
  },
  {
    "id": "5c385e51-a25f-4472-b113-c07922088fe6",
    "property_id": "332441af-9891-4ccc-8d20-a9c7a35ae34e",
    "county_code": "14",
    "district_code": "24",
    "block": "8002",
    "lot": "31",
    "qualifier": "",
    "deed_book": "24474",
    "deed_page": "975",
    "deed_date": "2022-08-01",
    "date_recorded": "2022-08-15",
    "sale_price_cents": "42500000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "ff012cb0-77dd-4974-a900-73b8f0cf16b5",
    "property_id": "332441af-9891-4ccc-8d20-a9c7a35ae34e",
    "county_code": "14",
    "district_code": "24",
    "block": "8002",
    "lot": "31",
    "qualifier": "",
    "deed_book": "24474",
    "deed_page": "975",
    "deed_date": "2022-08-01",
    "date_recorded": "2022-08-01",
    "sale_price_cents": "42500000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "b23b50dd-2c9b-444d-9b36-ba0fd50609c3",
    "property_id": "332441af-9891-4ccc-8d20-a9c7a35ae34e",
    "county_code": "14",
    "district_code": "24",
    "block": "8002",
    "lot": "31",
    "qualifier": "",
    "deed_book": "2657",
    "deed_page": "315",
    "deed_date": "1983-01-31",
    "date_recorded": "1983-01-31",
    "sale_price_cents": "7080000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 7 Colonial Rd, Morristown, NJ last sold?: The most recent recorded sale was in 2022 for $425,000.
What is the assessed value of 7 Colonial Rd, Morristown, NJ?: The total municipal assessment is $505,200 (land plus improvements).
What is 7 Colonial Rd, Morristown, NJ worth?: Our model estimates a market value of $491,291, derived from comparable recorded sales nearby.
How many units does 7 Colonial Rd, Morristown, NJ have?: Records show 1 dwelling unit at 7 Colonial Rd, Morristown, NJ.
What kind of property is 7 Colonial Rd, Morristown, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1922.

Sales history

8/15/2022$425,000
SR1A 2023
8/15/2022$425,000
taxrecords_njBk 24474 / Pg 975
8/1/2022$425,000
MOD-IV (Rutgers)Bk 24474 / Pg 975
1/31/1983$70,800
MOD-IV (Rutgers)Bk 2657 / Pg 315

Date	Price	Book / Page	Source
8/15/2022	$425,000	—	SR1A 2023
8/15/2022	$425,000	24474 / 975	taxrecords_nj
8/1/2022	$425,000	24474 / 975	MOD-IV (Rutgers)
1/31/1983	$70,800	2657 / 315	MOD-IV (Rutgers)