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CondominiumResidential

22 FRANKLIN PL

MORRISTOWN, NJ 07960
1.12 ac
Lot SizeThe size of the land the home sits on, from county records.
1986
Year BuiltThe year the home was originally built, according to county records.
Built 19866 units1,403–2,209 ft²
$5.1M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$864K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$560
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+31.7%vs the Morristown ZIP median sale $/ft² ($425)

Sales Performance

$825K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
-3.8%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
1
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
16.7%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+2.9%per yeartypical hold 6.0 yrsfrom 11 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20052009201120132018202220232026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20052009201120132018202220232026

23 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Studio
6 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
Studio · 0 ba · 1,403 ft²
4 units
One-off layouts
2 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$719K–$719K
1 unit
$761K–$761K
1 unit
$810K–$810K
1 unit
$919K–$919K
1 unit
$946K–$974K
2 units

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.33%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.0%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.1.7 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.40%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.14%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$955,211
Median tax billThe middle annual property tax bill among the building's units.$9,784
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

BuildingJun 16, 2026$825,000Unit 3DMay 13, 2025$922,250Unit 1BMay 7, 2025$680,000Unit 2AJan 27, 2025$857,582BuildingDec 1, 2023$612,500Unit 3DMay 31, 2023$680,000BuildingOct 21, 2022$600,000BuildingJul 8, 2022$580,000BuildingFeb 17, 2022$515,000BuildingFeb 2, 2022$579,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$9,310 (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.$591,100 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$275,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$316,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$591,100
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$591,100

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyMORRIS
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%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

22 Franklin Pl
2,088 ft²
$886K
22 Franklin Pl
2,088 ft²
$962K
22 Franklin Pl
1,403 ft²
$833K
22 Franklin Pl
1,403 ft²
$740K
22 Franklin Pl
2,088 ft²
$890K
22 Franklin Pl
2,209 ft²
$870K
22 Franklin Pl
2,088 ft²
$900K
22 Franklin Pl
2,088 ft²
$892K
22 Franklin Pl # 1b
2,209 ft²
$719K
22 Franklin Pl # 2a
1,403 ft²
$919K
22 Franklin Pl # 2b
1,403 ft²
$946K
22 Franklin Pl # 3a
1,403 ft²
$761K
22 Franklin Pl # 3b
1,403 ft²
$810K
22 Franklin Pl # 3d
2,088 ft²
$974K

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

About 22 Franklin Pl

How many units are in 22 Franklin Pl, Morristown, NJ?

22 Franklin Pl, Morristown, NJ has 6 residential units across built in 1986, according to county assessor records.

What is a unit at 22 Franklin Pl, Morristown, NJ worth?

The median TopHap Estimate across the 6 units at 22 Franklin Pl, Morristown, NJ is $864,488. That works out to $560 per square foot. Units run from 1,403 to 2,209 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 22 Franklin Pl, Morristown, NJ expensive for Morristown?

Units at 22 Franklin Pl, Morristown, NJ carry a median of $560 per square foot, 32% above the Morristown median of $425 per square foot.

How often do units sell at 22 Franklin Pl, Morristown, NJ?

1 units at 22 Franklin Pl, Morristown, NJ sold in the last 12 months, out of 23 recorded arms-length sales all time. That is a turnover rate of 16.7% of the building per year. The median sale over that period was $825K.

Have units at 22 Franklin Pl, Morristown, NJ appreciated?

Across 11 repeat sales of the same unit, 22 Franklin Pl, Morristown, NJ returned a median 2.9% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 6.0 years.

What floor plans does 22 Franklin Pl, Morristown, NJ have?

The most common plan at 22 Franklin Pl, Morristown, NJ is a 0-bedroom of 1,403 square feet, repeated 4 times, with a median estimate of $864,488. TopHap identifies 1 recurring plans in the building.

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