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Single Family ResidenceResidential
$820,185$519 / 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 92How 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

3 WALLACE AVE

MORRISTOWN, NJ 07960
0
Baths
1,580 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.
0.14 ac
Lot SizeThe size of the land the home sits on, from county records.
1947
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.

Valuation

$820K
$758K low$883K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$8,278 (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.$525,600 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$329,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$196,600
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$525,600
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$525,600

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.0.14
ConstructionThe main material the home's frame and walls are built from.Brick
PoolWhether the property has a pool, and what kind, such as in-ground.No

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%

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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

3 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 67% of homes in Morristown 07960
  • Costs more per square foot than 89% of homes in Morris County
  • Smaller than 79% of homes in Morristown 07960
  • Has a smaller lot than 82% of homes in Morris County
  • Older than 81% 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 33% 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$820,185
CheaperTypical $936,826Pricier

Pricier than 33% of homes nearby

Price per ft²$519
CheaperTypical $428Pricier

Pricier than 85% of homes nearby

Living area1,580 ft²
SmallerTypical 2,225 ft²Bigger

Bigger than 21% of homes nearby

Lot size0.14 ac
SmallerTypical 0.36 acBigger

Bigger than 23% of homes nearby

Year built1947
OlderTypical 1965Newer

Newer than 23% of homes nearby

How 3 Wallace Ave ranks against every home in each area.
MeasureThis homeMorristown 07960Morris County
Estimated valuepricier than$820,18533% of homes62% of homes
Price per ft²pricier than$51985% of homes89% of homes
Living areabigger than1,580 ft²21% of homes31% of homes
Lot sizebigger than0.14 ac23% of homes18% of homes
Year builtnewer than194723% of homes19% of homes

About 3 Wallace Ave

How much is 3 Wallace Ave, Morristown, NJ worth?

The TopHap Estimate for 3 Wallace Ave, Morristown, NJ is $820,185 as of Sep 24, 2026. The likely range is $757,693 to $882,677. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 3 Wallace Ave, Morristown, NJ last sell?

3 Wallace Ave, Morristown, NJ last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 3 Wallace Ave, Morristown, NJ?

3 Wallace Ave, Morristown, NJ has 1,580 square feet of living space and a 0.14-acre lot.

When was 3 Wallace Ave, Morristown, NJ built?

3 Wallace Ave, Morristown, NJ was built in 1947, making it 79 years old. The building has 2 stories.

How does 3 Wallace Ave, Morristown, NJ compare to other homes in Morristown 07960?

Among the 11,621 homes in Morristown 07960, it is worth more than 33% of them ($820,185 against a typical $936,826), its price per square foot is higher than 85% of them ($519 against a typical $428), it is bigger than 21% of them (1,580 ft² against a typical 2,225 ft²), its lot is bigger than 23% of them (0.14 ac against a typical 0.36 ac) and it is newer than 23% of them (1947 against a typical 1965). Measured against all of Morris County, it is worth more than 62% 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 3 Wallace Ave, Morristown, NJ?

The 2024 property tax bill for 3 Wallace Ave, Morristown, NJ was $8,278. The county assessed it at $525,600.

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