87 Independence Way
Morris Twp, NJ 07960
3 bd 3 ba 2,169 sqft Built 1981 Lot 20,038 sqft townhomes
Most recent sale
$640,000
Mar 19, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 21, 2022 | Sold | $760,101 | GardenState |
| Aug 4, 2022 | Listed | $725,000 | MLS #3800348 |
| Mar 19, 2021 | Sold | $640,000 | MLS #3688984 |
| Jan 25, 2021 | Listed | $624,800 | MLS #21002866 |
| Jan 26, 2018 | Sold | $505,000 | Public Record |
| Nov 25, 2017 | Listing removed | $510,000 | GardenState |
| Oct 31, 2017 | Listed | $510,000 | MLS #3428190 |
| Jul 20, 2004 | Sold | $440,000 | Public Record |
| Aug 7, 2001 | Sold | $355,000 | Public Record |
| Apr 28, 1992 | Sold | $202,000 | Public Record |
| Nov 11, 1985 | Sold | $189,900 | Public Record |
| Oct 1, 1983 | Sold | $162,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $252,300 | $243,700 | $496,000 | $9,761 |
| 2024 | $252,300 | $243,700 | $496,000 | $9,929 |
| 2023 | $252,300 | $243,700 | $496,000 | $9,944 |
| 2022 | $252,300 | $243,700 | $496,000 | $9,686 |
| 2021 | $232,900 | $243,700 | $476,600 | $9,112 |
| 2020 | $232,900 | $243,700 | $476,600 | $8,874 |
| 2019 | $232,900 | $243,700 | $476,600 | $8,736 |
| 2018 | $217,500 | $243,700 | $461,200 | $8,362 |
| 2017 | $217,500 | $243,700 | $461,200 | $8,306 |
| 2016 | $217,500 | $243,700 | $461,200 | $8,177 |
| 2015 | $194,400 | $120,000 | $314,400 | $7,973 |
| 2014 | $194,400 | $120,000 | $314,400 | $7,869 |
| 2013 | $194,400 | $120,000 | $314,400 | $7,860 |
| 2012 | $194,400 | $120,000 | $314,400 | $7,671 |
| 2011 | $194,400 | $120,000 | $314,400 | $7,480 |
| 2010 | $194,400 | $120,000 | $314,400 | $7,300 |
| 2009 | $194,400 | $120,000 | $314,400 | $7,124 |
| 2008 | $194,400 | $120,000 | $314,400 | $7,118 |
| 2007 | $194,400 | $120,000 | $314,400 | $6,948 |
Property facts
Year built
1981
Property type
townhomes
Stories
—
Beds
3
Baths
3
Living area
2,169 sqft
Lot size
20,038 sqft
ZIP code
07960
City
Morris Twp
Street
Independence Way
Coordinates
40.78032, -74.44251
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,254
Gross rental yield
6.10%
Implied cap rate
3.97%
Trend-extrapolated value
—
Frequently asked questions
When did 87 Independence Way last sell?
87 Independence Way most recently sold on Mar 19, 2021 for $640,000.
What is the current tax assessment for 87 Independence Way?
The most recent total assessment for 87 Independence Way (year 2025) is $496,000 with $9,761 in property tax.
How does 87 Independence Way's assessment compare to its last sale price?
The current assessment is 22.5% below the last sale price of $640,000.
When was 87 Independence Way built?
87 Independence Way was built in 1981.
How does 87 Independence Way compare to others on Independence Way?
We track 6 other properties on Independence Way. Browse the list under "Other properties on Independence Way" to compare beds, baths, and sale history.
What are the property facts for 87 Independence Way?
87 Independence Way is a 3 bed, 3 bath, 2,169 sqft, 20,038 sqft lot townhomes.
Is 87 Independence Way a flip candidate?
No — 87 Independence Way does not appear in our flips dataset.
Is 87 Independence Way a tax-appeal candidate?
No — 87 Independence 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
-0.3%
Implied 1-yr
-1.3%
2026 Q3
$945.2K
2026 Q4
$942K
ZIP 07960 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Independence Way