118 Morgan Way
Monroe, NJ 08831
3 bd 3 ba 2,559 sqft Built 2016 townhomes
Most recent sale
$570,000
Sep 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 29, 2022 | Sold | $570,000 | MLS #2214780R |
| May 28, 2022 | Listed | $579,900 | MLS #2214780R |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $151,400 | $190,000 | $341,400 | $9,924 |
| 2024 | $151,400 | $190,000 | $341,400 | $9,596 |
| 2023 | $151,400 | $190,000 | $341,400 | $9,262 |
| 2022 | $151,400 | $190,000 | $341,400 | $9,105 |
| 2021 | $151,400 | $190,000 | $341,400 | $9,051 |
| 2020 | $151,400 | $190,000 | $341,400 | $9,074 |
| 2019 | $151,400 | $190,000 | $341,400 | $8,870 |
| 2018 | $151,400 | $190,000 | $341,400 | $8,801 |
| 2017 | — | $190,000 | $190,000 | $4,822 |
Property facts
Year built
2016
Property type
townhomes
Stories
2
Beds
3
Baths
3
Living area
2,559 sqft
Lot size
—
ZIP code
08831
City
Monroe
Street
Morgan Way
Coordinates
40.29386, -74.48600
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,839
Gross rental yield
8.08%
Implied cap rate
5.25%
Trend-extrapolated value
—
Frequently asked questions
When did 118 Morgan Way last sell?
118 Morgan Way most recently sold on Sep 29, 2022 for $570,000.
What is the current tax assessment for 118 Morgan Way?
The most recent total assessment for 118 Morgan Way (year 2025) is $341,400 with $9,924 in property tax.
How does 118 Morgan Way's assessment compare to its last sale price?
The current assessment is 40.1% below the last sale price of $570,000.
When was 118 Morgan Way built?
118 Morgan Way was built in 2016.
How does 118 Morgan Way compare to others on Morgan Way?
We track 8 other properties on Morgan Way. Browse the list under "Other properties on Morgan Way" to compare beds, baths, and sale history.
What are the property facts for 118 Morgan Way?
118 Morgan Way is a 3 bed, 3 bath, 2,559 sqft townhomes.
Is 118 Morgan Way a flip candidate?
No — 118 Morgan Way does not appear in our flips dataset.
Is 118 Morgan Way a tax-appeal candidate?
No — 118 Morgan Way is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.2%
Implied 1-yr
-8.8%
2026 Q3
$489.3K
2026 Q4
$476.7K
ZIP 08831 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Morgan Way