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40 Spring Hill Rd

Mendham, NJ 07945

6 bd 7 ba 7,200 sqft Built 1950 Lot 218,236 sqft single_family
Most recent sale
$1,375,000
May 16, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
May 16, 2022 Sold $1,375,000 MLS #3751964
Nov 15, 2021 Listed $1,395,000 MLS #3751964
Oct 27, 2021 Listed $1,575,000 MLS #3748750
Jan 31, 1994 Sold $550,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $424,500 $800,500 $1,225,000 $30,943
2024 $424,500 $800,500 $1,225,000 $30,135
2023 $811,900 $800,500 $1,612,400 $39,568
2022 $811,900 $800,500 $1,612,400 $38,439
2021 $811,900 $800,500 $1,612,400 $37,762
2020 $811,900 $800,500 $1,612,400 $37,101
2019 $811,900 $800,500 $1,612,400 $36,230
2018 $811,900 $800,500 $1,612,400 $35,714
2017 $811,900 $800,500 $1,612,400 $35,198
2016 $811,900 $800,500 $1,612,400 $34,134
2015 $811,900 $800,500 $1,612,400 $33,376
2014 $811,900 $800,500 $1,612,400 $32,505
2013 $811,900 $800,500 $1,612,400 $31,554
2012 $811,900 $800,500 $1,612,400 $30,925
2011 $811,900 $800,500 $1,612,400 $30,764
2010 $811,900 $800,500 $1,612,400 $30,619
2009 $1,034,500 $1,201,100 $2,235,600 $34,115
2008 $1,034,500 $1,201,100 $2,235,600 $32,595
2007 $1,034,500 $1,201,100 $2,235,600 $30,851

Property facts

Year built
1950
Property type
single_family
Stories
Beds
6
Baths
7
Living area
7,200 sqft
Lot size
218,236 sqft
ZIP code
07945
City
Mendham
Street
Spring Hill Rd
Coordinates
40.76028, -74.58054

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$10,800
Gross rental yield
9.43%
Implied cap rate
6.13%
Trend-extrapolated value

Frequently asked questions

When did 40 Spring Hill Rd last sell?
40 Spring Hill Rd most recently sold on May 16, 2022 for $1,375,000.
What is the current tax assessment for 40 Spring Hill Rd?
The most recent total assessment for 40 Spring Hill Rd (year 2025) is $1,225,000 with $30,943 in property tax.
How does 40 Spring Hill Rd's assessment compare to its last sale price?
The current assessment is 10.9% below the last sale price of $1,375,000.
When was 40 Spring Hill Rd built?
40 Spring Hill Rd was built in 1950.
How does 40 Spring Hill Rd compare to others on Spring Hill Rd?
We track 3 other properties on Spring Hill Rd. Browse the list under "Other properties on Spring Hill Rd" to compare beds, baths, and sale history.
What are the property facts for 40 Spring Hill Rd?
40 Spring Hill Rd is a 6 bed, 7 bath, 7,200 sqft, 218,236 sqft lot single_family.
Is 40 Spring Hill Rd a flip candidate?
No — 40 Spring Hill Rd does not appear in our flips dataset.
Is 40 Spring Hill Rd a tax-appeal candidate?
Yes — 40 Spring Hill Rd appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+3.6%
Implied 1-yr
+14.4%
2026 Q3
$1.92M
2026 Q4
$1.92M
ZIP 07945 — Median Price History + Forecast

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