40 Park Pl
Morristown, NJ 07960
1 bd 2 ba 1,030 sqft Built 2010 Lot 108,464 sqft condos
Most recent sale
$608,000
Jul 22, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 14, 2025 | Sold | $625,000 | Public Record |
| Jan 3, 2025 | Sold | $625,000 | GardenState |
| Nov 13, 2024 | Price changed | $625,000 | GardenState |
| Oct 8, 2024 | Price changed | $639,900 | GardenState |
| Sep 12, 2024 | Listed | $650,000 | GardenState |
| Jul 10, 2024 | Listed | $660,000 | GardenState |
| Aug 10, 2023 | Price changed | $659,999 | GardenState |
| Jul 25, 2023 | Listed | $675,000 | GardenState |
| Aug 22, 2022 | Sold | $608,000 | Public Record |
| Jul 22, 2022 | Sold | $608,000 | MLS #3780394 |
| May 6, 2022 | Listed | $615,000 | MLS #3780394 |
| Jun 3, 2011 | Sold | $407,000 | Public Record |
| Apr 14, 2011 | Listing removed | $439,000 | GardenState |
| Feb 18, 2011 | Listed | $439,000 | MLS #2833810 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $259,000 | $350,000 | $609,000 | $10,718 |
| 2024 | $259,000 | $350,000 | $609,000 | $9,591 |
| 2023 | $92,800 | $220,000 | $312,800 | $9,089 |
| 2022 | $92,800 | $220,000 | $312,800 | $9,033 |
| 2021 | $92,800 | $220,000 | $312,800 | $8,983 |
| 2020 | $92,800 | $220,000 | $312,800 | $9,018 |
| 2019 | $92,800 | $220,000 | $312,800 | $9,015 |
| 2018 | $92,800 | $220,000 | $312,800 | $8,899 |
| 2017 | $92,800 | $220,000 | $312,800 | $8,633 |
| 2016 | $92,800 | $220,000 | $312,800 | $8,411 |
| 2015 | $92,800 | $220,000 | $312,800 | $8,211 |
| 2014 | $92,800 | $220,000 | $312,800 | $8,120 |
| 2013 | $92,800 | $220,000 | $312,800 | $8,086 |
| 2012 | $92,800 | $220,000 | $312,800 | $8,158 |
| 2011 | $92,800 | $220,000 | $312,800 | $8,242 |
| 2010 | — | $220,000 | $220,000 | $5,687 |
Property facts
Year built
2010
Property type
condos
Stories
—
Beds
1
Baths
2
Living area
1,030 sqft
Lot size
108,464 sqft
ZIP code
07960
City
Morristown
Street
Park Pl
Coordinates
40.79623, -74.48158
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,648
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 40 Park Pl last sell?
40 Park Pl most recently sold on Jul 22, 2022 for $608,000.
What is the current tax assessment for 40 Park Pl?
The most recent total assessment for 40 Park Pl (year 2025) is $609,000 with $10,718 in property tax.
How does 40 Park Pl's assessment compare to its last sale price?
The current assessment is 0.2% above the last sale price of $608,000.
When was 40 Park Pl built?
40 Park Pl was built in 2010.
How does 40 Park Pl compare to others on Park Pl?
We track 8 other properties on Park Pl. Browse the list under "Other properties on Park Pl" to compare beds, baths, and sale history.
What are the property facts for 40 Park Pl?
40 Park Pl is a 1 bed, 2 bath, 1,030 sqft, 108,464 sqft lot condos.
Is 40 Park Pl a flip candidate?
No — 40 Park Pl does not appear in our flips dataset.
Is 40 Park Pl a tax-appeal candidate?
No — 40 Park Pl 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 Park Pl