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13 Franklin Pl

Morristown, NJ 07960

3 bd 2 ba 2,224 sqft Built 1986 Lot 60,113 sqft townhomes
Most recent sale
$525,000
Mar 31, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jun 24, 2022 Sold $525,000 Public Record
Mar 31, 2022 Sold $525,000 MLS #3762224
Feb 10, 2022 Sold $616,000 Public Record
Feb 4, 2022 Listed $529,000 MLS #3762224
Dec 20, 2021 Price changed $549,000 MLS #3751366
Nov 10, 2021 Listed $559,000 MLS #3751366
Jan 25, 2017 Sold $150,000 Public Record
Sep 26, 1991 Sold $150,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $339,700 $275,000 $614,700 $10,818
2024 $339,700 $275,000 $614,700 $9,681
2023 $199,800 $210,000 $409,800 $11,908
2022 $199,800 $210,000 $409,800 $11,835
2021 $199,800 $210,000 $409,800 $11,769
2020 $199,800 $210,000 $409,800 $11,814
2019 $199,800 $210,000 $409,800 $11,810
2018 $199,800 $210,000 $409,800 $11,658
2017 $199,800 $210,000 $409,800 $11,310
2016 $199,800 $210,000 $409,800 $11,019
2015 $199,800 $210,000 $409,800 $10,757
2014 $199,800 $210,000 $409,800 $10,638
2013 $199,800 $210,000 $409,800 $10,593
2012 $199,800 $210,000 $409,800 $10,687
2011 $199,800 $210,000 $409,800 $10,798
2009 $199,800 $210,000 $409,800 $10,359
2008 $199,800 $210,000 $409,800 $9,622
2007 $199,800 $210,000 $409,800 $9,343

Property facts

Year built
1986
Property type
townhomes
Stories
Beds
3
Baths
2
Living area
2,224 sqft
Lot size
60,113 sqft
ZIP code
07960
City
Morristown
Street
Franklin Pl
Coordinates
40.79267, -74.47119

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
$3,336
Gross rental yield
7.63%
Implied cap rate
4.96%
Trend-extrapolated value

Frequently asked questions

When did 13 Franklin Pl last sell?
13 Franklin Pl most recently sold on Mar 31, 2022 for $525,000.
What is the current tax assessment for 13 Franklin Pl?
The most recent total assessment for 13 Franklin Pl (year 2025) is $614,700 with $10,818 in property tax.
How does 13 Franklin Pl's assessment compare to its last sale price?
The current assessment is 17.1% above the last sale price of $525,000.
When was 13 Franklin Pl built?
13 Franklin Pl was built in 1986.
How does 13 Franklin Pl compare to others on Franklin Pl?
We track 8 other properties on Franklin Pl. Browse the list under "Other properties on Franklin Pl" to compare beds, baths, and sale history.
What are the property facts for 13 Franklin Pl?
13 Franklin Pl is a 3 bed, 2 bath, 2,224 sqft, 60,113 sqft lot townhomes.
Is 13 Franklin Pl a flip candidate?
No — 13 Franklin Pl does not appear in our flips dataset.
Is 13 Franklin Pl a tax-appeal candidate?
Yes — 13 Franklin Pl 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
-0.3%
Implied 1-yr
-1.3%
2026 Q3
$945.2K
2026 Q4
$942K
ZIP 07960 — Median Price History + Forecast

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