When was 56.5 Budd St, Morristown, NJ last sold?

The most recent recorded sale was in 2004 for $1.

What is the assessed value of 56.5 Budd St, Morristown, NJ?

The total municipal assessment is $463,600 (land plus improvements).

What is 56.5 Budd St, Morristown, NJ worth?

Our model estimates a market value of $556,448, derived from comparable recorded sales nearby.

How many units does 56.5 Budd St, Morristown, NJ have?

Records show 1 dwelling unit at 56.5 Budd St, Morristown, NJ.

What kind of property is 56.5 Budd St, Morristown, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1906.

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56.5 Budd St, Morristown, NJ — owner, sales, deeds · parceldata

56.5 Budd St

Morristown, NJ 07960·Morris County

1424·block 8401·lot 8.02

$556,448estimated value

Last sale

5/21/2004 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1906

Building size

1,490 sq ft

Lot size

0.07 ac

Land description

20X155

Building description

CONDO

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$463,600

Land value

$200,000

Improvement value

$263,600

Last year's tax

$8,116

Last MOD-IV sale

MOD-IV deed date

5/6/2004

Owner mailing address

56.5 BUDD ST
MORRISTOWN, NJ 07960

Estimated market value

$556,448

range $473,697 – $592,332

high confidence

Assessment-implied: $512,209; Director's Ratio 0.9051 (2025)
Comp-implied: $571,194; 12 comparable sales

Estimated value, last 11 years

2016: $365,792 → 2026: $556,448

Based on 12 comparable sales

Address	Sold	Price
2 Liberty St	9/5/2025	$685,000
35 Harrison St	9/5/2025	$669,500

Bordering

200-ft notice list →

56 Budd St
Lot 8
56 Budd St
Lot 8.01·$475,600
54 Budd St
Lot 9·$467,900

Block 8401All of Block 8401 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "56 5 BUDD ST MORRISTOWN NJ 07960"
    ],
    "zipKeys": [
      "56 5 BUDD ST 07960"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1424_8401_8.02",
  "county_code": "14",
  "district_code": "24",
  "block": "8401",
  "lot": "8.02",
  "qualifier": "",
  "property_location": "56.5 BUDD ST",
  "property_class": "2",
  "bldg_class": "39",
  "bldg_desc": "CONDO",
  "land_desc": "20X155",
  "year_built": 1906,
  "living_sqft": 1490,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "20000000",
  "improvement_value_cents": "26360000",
  "net_value_cents": "46360000",
  "last_yr_tx_cents": "811598",
  "deed_date": "2004-05-06",
  "deed_book": "6074",
  "deed_page": "281",
  "sale_price_cents": "100",
  "sales_code": null,
  "owner_mailing_street": "56.5 BUDD ST",
  "owner_mailing_city_state_zip": "MORRISTOWN, NJ  07960",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "0.071000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.49120792441619,
  "centroid_lat": 40.796655010537336
}

SR1A

[
  {
    "id": "2c0bb370-0110-41ac-83ba-ead85bd547b6",
    "property_id": "e0a09336-3f09-4135-b336-7eb6def38c69",
    "county_code": "14",
    "district_code": "24",
    "block": "8401",
    "lot": "8.02",
    "qualifier": "",
    "deed_book": "6074",
    "deed_page": "281",
    "deed_date": "2004-05-06",
    "date_recorded": "2004-05-21",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "a90922ae-e7c6-4c8e-b1ec-c45168889d29",
    "property_id": "e0a09336-3f09-4135-b336-7eb6def38c69",
    "county_code": "14",
    "district_code": "24",
    "block": "8401",
    "lot": "8.02",
    "qualifier": "",
    "deed_book": "6074",
    "deed_page": "281",
    "deed_date": "2004-05-06",
    "date_recorded": "2004-05-06",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 56.5 Budd St, Morristown, NJ last sold?: The most recent recorded sale was in 2004 for $1.
What is the assessed value of 56.5 Budd St, Morristown, NJ?: The total municipal assessment is $463,600 (land plus improvements).
What is 56.5 Budd St, Morristown, NJ worth?: Our model estimates a market value of $556,448, derived from comparable recorded sales nearby.
How many units does 56.5 Budd St, Morristown, NJ have?: Records show 1 dwelling unit at 56.5 Budd St, Morristown, NJ.
What kind of property is 56.5 Budd St, Morristown, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1906.