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Single Family ResidenceResidential
$834,055$390 / 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 $500,000 on Jul 3, 2019

5 FARMSTEAD DR

PARSIPPANY, NJ 07054
0
Baths
2,140 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.
0.32 ac
Lot SizeThe size of the land the home sits on, from county records.
1967
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

$834K
$783K low$885K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$500,000 · Jul 3, 2019

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$12,702 (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.$368,500 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$214,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$154,500
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$368,500
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$368,500

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.0.32
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(1)

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

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 · 0.3 mi
E
Lake Hiawatha Elementary SchoolA-
Elementary · Grades KG–5 · 0.3 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

5 Farmstead 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.

  • Worth more than 77% of homes in Parsippany 07054
  • Costs more per square foot than 66% 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
$299K$1.2M

This home is worth more than 77% 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$834,055
CheaperTypical $738,635Pricier

Pricier than 77% of homes nearby

Price per ft²$390
CheaperTypical $369Pricier

Pricier than 66% of homes nearby

Living area2,140 ft²
SmallerTypical 2,000 ft²Bigger

Bigger than 62% of homes nearby

Lot size0.32 ac
SmallerTypical 0.29 acBigger

Bigger than 51% of homes nearby

Year built1967
OlderTypical 1965Newer

Newer than 60% of homes nearby

How 5 Farmstead Dr ranks against every home in each area.
MeasureThis homeParsippany 07054Morris County
Estimated valuepricier than$834,05577% of homes64% of homes
Price per ft²pricier than$39066% of homes60% of homes
Living areabigger than2,140 ft²62% of homes57% of homes
Lot sizebigger than0.32 ac51% of homes45% of homes
Year builtnewer than196760% of homes50% of homes

About 5 Farmstead Dr

How much is 5 Farmstead Dr, Parsippany, NJ worth?

The TopHap Estimate for 5 Farmstead Dr, Parsippany, NJ is $834,055 as of Sep 24, 2026. The likely range is $783,010 to $885,100. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5 Farmstead Dr, Parsippany, NJ last sell?

5 Farmstead Dr, Parsippany, NJ last sold on Jul 3, 2019 for $500,000, according to the county's recorded deed.

How big is 5 Farmstead Dr, Parsippany, NJ?

5 Farmstead Dr, Parsippany, NJ has 2,140 square feet of living space and a 0.32-acre lot.

When was 5 Farmstead Dr, Parsippany, NJ built?

5 Farmstead Dr, Parsippany, NJ was built in 1967, making it 59 years old. The building has 2 stories.

What schools serve 5 Farmstead Dr, Parsippany, NJ?

5 Farmstead 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 5 Farmstead Dr, Parsippany, NJ compare to other homes in Parsippany 07054?

Among the 6,744 homes in Parsippany 07054, it is worth more than 77% of them ($834,055 against a typical $738,635), its price per square foot is higher than 66% of them ($390 against a typical $369), it is bigger than 62% of them (2,140 ft² against a typical 2,000 ft²), its lot is bigger than 51% of them (0.32 ac against a typical 0.29 ac) and it is newer than 60% of them (1967 against a typical 1965). Measured against all of Morris County, it is worth more than 64% 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 5 Farmstead Dr, Parsippany, NJ?

The 2024 property tax bill for 5 Farmstead Dr, Parsippany, NJ was $12,702. The county assessed it at $368,500.

More homes on Farmstead Dr

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