When was 87 Chestnut St, Morristown, NJ last sold?

The most recent recorded sale was in 2001 for $50,000.

What is the assessed value of 87 Chestnut St, Morristown, NJ?

The total municipal assessment is $589,800 (land plus improvements).

What is 87 Chestnut St, Morristown, NJ worth?

Our model estimates a market value of $605,900, derived from comparable recorded sales nearby.

How many units does 87 Chestnut St, Morristown, NJ have?

Records show 1 dwelling unit at 87 Chestnut St, Morristown, NJ.

What kind of property is 87 Chestnut St, Morristown, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1903.

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87 Chestnut St, Morristown, NJ — owner, sales, deeds · parceldata

87 Chestnut St

Morristown, NJ 07960·Morris County

1424·block 8403·lot 9

$605,900estimated value

Last sale

$50,000

10/9/2001 · taxrecords_nj

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

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1903

Building size

1,593 sq ft

Lot size

0.14 ac

Land description

50X125

Building description

2.5S F 1FAM G

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$589,800

Land value

$329,400

Improvement value

$260,400

Last year's tax

$9,289

Last MOD-IV sale

$50,000

MOD-IV deed date

8/7/2001

Owner mailing address

87 CHESTNUT ST
MORRISTOWN, NJ 07960

Estimated market value

$605,900

range $538,859 – $693,456

high confidence

Assessment-implied: $651,641; Director's Ratio 0.9051 (2025)
Comp-implied: $590,653; 30 comparable sales

Estimated value, last 11 years

2016: $398,301 → 2026: $605,900

Based on 30 comparable sales

Address	Sold	Price
6.5 Bellevue Ter

Bordering

200-ft notice list →

89 Chestnut St
Lot 10·$646,700
10 Cherry St
Lot 11·$667,100
85 Chestnut St
Lot 8·$589,100

Block 8403All of Block 8403 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 3,
  "portfolioKeys": {
    "fullKeys": [
      "87 CHESTNUT ST MORRISTOWN NJ 07960"
    ],
    "zipKeys": [
      "87 CHESTNUT ST 07960"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1424_8403_9",
  "county_code": "14",
  "district_code": "24",
  "block": "8403",
  "lot": "9",
  "qualifier": "",
  "property_location": "87 CHESTNUT ST",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": "2.5S F 1FAM G",
  "land_desc": "50X125",
  "year_built": 1903,
  "living_sqft": 1593,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "32940000",
  "improvement_value_cents": "26040000",
  "net_value_cents": "58980000",
  "last_yr_tx_cents": "928935",
  "deed_date": "2001-08-07",
  "deed_book": "5481",
  "deed_page": "48",
  "sale_price_cents": "5000000",
  "sales_code": null,
  "owner_mailing_street": "87 CHESTNUT ST",
  "owner_mailing_city_state_zip": "MORRISTOWN, NJ  07960",
  "mun_name": "MORRISTOWN TOWN",
  "calc_acre": "0.144000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.49057802756565,
  "centroid_lat": 40.794138613730226
}

SR1A

[
  {
    "id": "591084bd-445f-4893-8526-607d1d530316",
    "property_id": "0d2414e9-a0d6-4905-82c7-7d5ac99088eb",
    "county_code": "14",
    "district_code": "24",
    "block": "8403",
    "lot": "9",
    "qualifier": "",
    "deed_book": "5481",
    "deed_page": "48",
    "deed_date": "2001-08-07",
    "date_recorded": "2001-10-09",
    "sale_price_cents": "5000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "935bebf0-27c4-4ceb-98c1-3b5d5b5a889d",
    "property_id": "0d2414e9-a0d6-4905-82c7-7d5ac99088eb",
    "county_code": "14",
    "district_code": "24",
    "block": "8403",
    "lot": "9",
    "qualifier": "",
    "deed_book": "5481",
    "deed_page": "48",
    "deed_date": "2001-08-07",
    "date_recorded": "2001-08-07",
    "sale_price_cents": "5000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "c95e8ab4-200e-40df-95b7-a99dd76876be",
    "property_id": "0d2414e9-a0d6-4905-82c7-7d5ac99088eb",
    "county_code": "14",
    "district_code": "24",
    "block": "8403",
    "lot": "9",
    "qualifier": "",
    "deed_book": "2824",
    "deed_page": "409",
    "deed_date": "1990-03-07",
    "date_recorded": "1990-03-07",
    "sale_price_cents": "17150000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "1bade271-6d24-41eb-9f59-60a7513e0c71",
    "property_id": "0d2414e9-a0d6-4905-82c7-7d5ac99088eb",
    "county_code": "14",
    "district_code": "24",
    "block": "8403",
    "lot": "9",
    "qualifier": "",
    "deed_book": "2824",
    "deed_page": "409",
    "deed_date": "1985-11-01",
    "date_recorded": "1985-11-01",
    "sale_price_cents": "17800000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 87 Chestnut St, Morristown, NJ last sold?: The most recent recorded sale was in 2001 for $50,000.
What is the assessed value of 87 Chestnut St, Morristown, NJ?: The total municipal assessment is $589,800 (land plus improvements).
What is 87 Chestnut St, Morristown, NJ worth?: Our model estimates a market value of $605,900, derived from comparable recorded sales nearby.
How many units does 87 Chestnut St, Morristown, NJ have?: Records show 1 dwelling unit at 87 Chestnut St, Morristown, NJ.
What kind of property is 87 Chestnut St, Morristown, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1903.

Sales history

10/9/2001$50,000
taxrecords_njBk 5481 / Pg 48
8/7/2001$50,000
MOD-IV (Rutgers)Bk 5481 / Pg 48
3/7/1990$171,500
MOD-IV (Rutgers)Bk 2824 / Pg 409
11/1/1985$178,000
MOD-IV (Rutgers)Bk 2824 / Pg 409

Date	Price	Book / Page	Source
10/9/2001	$50,000	5481 / 48	taxrecords_nj
8/7/2001	$50,000	5481 / 48	MOD-IV (Rutgers)
3/7/1990	$171,500	2824 / 409	MOD-IV (Rutgers)
11/1/1985	$178,000	2824 / 409	MOD-IV (Rutgers)