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Single Family ResidenceResidential
$850,514$445 / 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 90How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $747,000 on Nov 15, 2024

54 INDEPENDENCE WAY

MORRISTOWN, NJ 07960
3
Beds
2.5
Baths
1,912 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.
0.12 ac
Lot SizeThe size of the land the home sits on, from county records.
1981
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$851K
$764K low$937K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$747,000 · Nov 15, 2024

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$10,038 (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.$545,100 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$246,200
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$298,900
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$501,400
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$545,100

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Townhouse
CountyMORRIS
Lot (acres)The size of the land the home sits on, from county records.0.12
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 154 ft²

Transaction History(4)

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%

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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

54 Independence Way 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 66% of homes in Morris County
  • Costs more per square foot than 78% of homes in Morris County
  • Has a smaller lot than 85% of homes in Morris County
  • Newer than 68% of homes in Morristown 07960

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
$320K$2.5M

This home is worth more than 38% 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$850,514
CheaperTypical $935,354Pricier

Pricier than 38% of homes nearby

Price per ft²$445
CheaperTypical $424Pricier

Pricier than 60% of homes nearby

Living area1,912 ft²
SmallerTypical 2,220 ft²Bigger

Bigger than 36% of homes nearby

Lot size0.12 ac
SmallerTypical 0.35 acBigger

Bigger than 22% of homes nearby

Year built1981
OlderTypical 1965Newer

Newer than 68% of homes nearby

How 54 Independence Way ranks against every home in each area.
MeasureThis homeMorristown 07960Morris County
Estimated valuepricier than$850,51438% of homes66% of homes
Price per ft²pricier than$44560% of homes78% of homes
Living areabigger than1,912 ft²36% of homes46% of homes
Lot sizebigger than0.12 ac22% of homes15% of homes
Year builtnewer than198168% of homes66% of homes

About 54 Independence Way

How much is 54 Independence Way, Morristown, NJ worth?

The TopHap Estimate for 54 Independence Way, Morristown, NJ is $850,514 as of Aug 30, 2026. The likely range is $764,372 to $936,656. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 54 Independence Way, Morristown, NJ last sell?

54 Independence Way, Morristown, NJ last sold on Nov 15, 2024 for $747,000, according to the county's recorded deed. TopHap holds 4 recorded sales for this parcel.

How big is 54 Independence Way, Morristown, NJ?

54 Independence Way, Morristown, NJ has 3 bedrooms, 2.5 bathrooms, 1,912 square feet of living space and a 0.12-acre lot.

When was 54 Independence Way, Morristown, NJ built?

54 Independence Way, Morristown, NJ was built in 1981, making it 45 years old. It is a townhouse home. The building has 2 stories.

How does 54 Independence Way, Morristown, NJ compare to other homes in Morristown 07960?

Among the 11,621 homes in Morristown 07960, it is worth more than 38% of them ($850,514 against a typical $935,354), its price per square foot is higher than 60% of them ($445 against a typical $424), it is bigger than 36% of them (1,912 ft² against a typical 2,220 ft²), its lot is bigger than 22% of them (0.12 ac against a typical 0.35 ac) and it is newer than 68% of them (1981 against a typical 1965). Measured against all of Morris County, it is worth more than 66% 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 54 Independence Way, Morristown, NJ?

The 2024 property tax bill for 54 Independence Way, Morristown, NJ was $10,038. The county assessed it at $545,100.

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