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Single Family ResidenceResidential
$776,065$297 / 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 Oct 21, 2026
Last sold for $497,000 on Jan 15, 2019

40 FARRAND DR

PARSIPPANY, NJ 07054
0
Baths
2,613 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.
0.36 ac
Lot SizeThe size of the land the home sits on, from county records.
1979
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$776K
$727K low$825K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$497,000 · Jan 15, 2019

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$15,035 (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.$426,400 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$191,200
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$235,200
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$426,400
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$426,400

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.0.36
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(2)

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

Foreclosure Filings(2)

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
Parsippany High SchoolB-
High · Grades 9–12 · 0.1 mi
E
Lake Hiawatha Elementary SchoolA-
Elementary · Grades KG–5 · 0.4 mi
M
Central Middle SchoolB+
Middle · Grades 6–8 · 0.8 mi

District: Parsippany-Troy Hills Township School District

Neighborhood · ZIP 07054These 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.88
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.100
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.112

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.97%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.37%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.5.2%
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.29,886
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,067 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$113,598
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$139,665
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.51 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

40 Farrand Dr 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.

  • Costs less per square foot than 91% of homes in Parsippany 07054
  • Bigger than 85% of homes in Parsippany 07054
  • Has a bigger lot than 73% of homes in Parsippany 07054
  • Newer than 75% of homes in Parsippany 07054

What homes are worth in Parsippany 07054

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

This home
$296K$1.2M

This home is worth more than 61% of homes in Parsippany 07054.

How it measures up in Parsippany 07054

The dot is this home. The mark in the middle is the typical home in Parsippany 07054.

Estimated value$776,065
CheaperTypical $732,464Pricier

Pricier than 61% of homes nearby

Price per ft²$297
CheaperTypical $364Pricier

Pricier than 9% of homes nearby

Living area2,613 ft²
SmallerTypical 1,979 ft²Bigger

Bigger than 85% of homes nearby

Lot size0.36 ac
SmallerTypical 0.3 acBigger

Bigger than 73% of homes nearby

Year built1979
OlderTypical 1965Newer

Newer than 75% of homes nearby

How 40 Farrand Dr ranks against every home in each area.
MeasureThis homeParsippany 07054Morris County
Estimated valuepricier than$776,06561% of homes57% of homes
Price per ft²pricier than$2979% of homes18% of homes
Living areabigger than2,613 ft²85% of homes74% of homes
Lot sizebigger than0.36 ac73% of homes53% of homes
Year builtnewer than197975% of homes64% of homes

About 40 Farrand Dr

How much is 40 Farrand Dr, Parsippany, NJ worth?

The TopHap Estimate for 40 Farrand Dr, Parsippany, NJ is $776,065 as of Oct 21, 2026. The likely range is $726,757 to $825,373. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 40 Farrand Dr, Parsippany, NJ last sell?

40 Farrand Dr, Parsippany, NJ last sold on Jan 15, 2019 for $497,000, according to the county's recorded deed.

How big is 40 Farrand Dr, Parsippany, NJ?

40 Farrand Dr, Parsippany, NJ has 2,613 square feet of living space and a 0.36-acre lot.

When was 40 Farrand Dr, Parsippany, NJ built?

40 Farrand Dr, Parsippany, NJ was built in 1979, making it 47 years old. The building has 2 stories.

What schools serve 40 Farrand Dr, Parsippany, NJ?

40 Farrand Dr, Parsippany, NJ is assigned to Parsippany High School (high), rated B-; Lake Hiawatha Elementary School (elementary), rated A-; Central Middle School (middle), rated B+. All sit in Parsippany-Troy Hills Township School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 40 Farrand Dr, Parsippany, NJ compare to other homes in Parsippany 07054?

Among the 6,745 homes in Parsippany 07054, it is worth more than 61% of them ($776,065 against a typical $732,464), its price per square foot is higher than 9% of them ($297 against a typical $364), it is bigger than 85% of them (2,613 ft² against a typical 1,979 ft²), its lot is bigger than 73% of them (0.36 ac against a typical 0.3 ac) and it is newer than 75% of them (1979 against a typical 1965). Measured against all of Morris County, it is worth more than 57% 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 40 Farrand Dr, Parsippany, NJ?

The 2024 property tax bill for 40 Farrand Dr, Parsippany, NJ was $15,035. The county assessed it at $426,400.

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