Skip to content
Skip to content
TopHapOpen in map
Single Family ResidenceResidential
$768,989$552 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 94How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $505,000 on Jun 25, 2004

12 WALLACE AVE

MORRISTOWN, NJ 07960
0
Baths
1,394 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.28 ac
Lot SizeThe size of the land the home sits on, from county records.
1935
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.

Valuation

$769K
$724K low$814K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$505,000 · Jun 25, 2004

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$8,381 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$532,100 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$292,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$240,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$532,100
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$532,100

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyMORRIS
Lot (acres)The size of the land the home sits on, from county records.0.28
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Neighborhood · ZIP 07960These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.94
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.101
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.105

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.38%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.6.1%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.47,815
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,393 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$148,315
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$203,292
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.52 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.56%

Owner Tools

Do you own this home?
Claim this home

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

12 Wallace Ave measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 73% of homes in Morristown 07960
  • Costs more per square foot than 92% of homes in Morris County
  • Smaller than 86% of homes in Morristown 07960
  • Older than 87% of homes in Morris County

What homes are worth in Morristown 07960

Each bar is how many homes fall in that price range. The marker is this home.

This home
$349K$2.5M

This home is worth more than 27% of homes in Morristown 07960.

How it measures up in Morristown 07960

The dot is this home. The mark in the middle is the typical home in Morristown 07960.

Estimated value$768,989
CheaperTypical $936,826Pricier

Pricier than 27% of homes nearby

Price per ft²$552
CheaperTypical $428Pricier

Pricier than 91% of homes nearby

Living area1,394 ft²
SmallerTypical 2,225 ft²Bigger

Bigger than 14% of homes nearby

Lot size0.28 ac
SmallerTypical 0.36 acBigger

Bigger than 42% of homes nearby

Year built1935
OlderTypical 1965Newer

Newer than 20% of homes nearby

How 12 Wallace Ave ranks against every home in each area.
MeasureThis homeMorristown 07960Morris County
Estimated valuepricier than$768,98927% of homes56% of homes
Price per ft²pricier than$55291% of homes92% of homes
Living areabigger than1,394 ft²14% of homes22% of homes
Lot sizebigger than0.28 ac42% of homes42% of homes
Year builtnewer than193520% of homes13% of homes

About 12 Wallace Ave

How much is 12 Wallace Ave, Morristown, NJ worth?

The TopHap Estimate for 12 Wallace Ave, Morristown, NJ is $768,989 as of Sep 24, 2026. The likely range is $723,587 to $814,391. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 12 Wallace Ave, Morristown, NJ last sell?

12 Wallace Ave, Morristown, NJ last sold on Jun 25, 2004 for $505,000, according to the county's recorded deed.

How big is 12 Wallace Ave, Morristown, NJ?

12 Wallace Ave, Morristown, NJ has 1,394 square feet of living space and a 0.28-acre lot.

When was 12 Wallace Ave, Morristown, NJ built?

12 Wallace Ave, Morristown, NJ was built in 1935, making it 91 years old. The building has 2 stories.

How does 12 Wallace Ave, Morristown, NJ compare to other homes in Morristown 07960?

Among the 11,621 homes in Morristown 07960, it is worth more than 27% of them ($768,989 against a typical $936,826), its price per square foot is higher than 91% of them ($552 against a typical $428), it is bigger than 14% of them (1,394 ft² against a typical 2,225 ft²), its lot is bigger than 42% of them (0.28 ac against a typical 0.36 ac) and it is newer than 20% of them (1935 against a typical 1965). Measured against all of Morris County, it is worth more than 56% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 12 Wallace Ave, Morristown, NJ?

The 2024 property tax bill for 12 Wallace Ave, Morristown, NJ was $8,381. The county assessed it at $532,100.

More homes on Wallace Ave

Closest homes

More homes in Morristown 07960

Explore the area

See this home in context

Open 12 Wallace Ave on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map