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Single Family ResidenceResidential
$879,362$365 / 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 96How 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 $265,000 on Aug 28, 1992

7 ARATE LN

MORRIS PLAINS, NJ 07950
0
Baths
2,408 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.
0.33 ac
Lot SizeThe size of the land the home sits on, from county records.
1970
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.

Valuation

$879K
$849K low$910K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$265,000 · Aug 28, 1992

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$13,823 (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.$397,900 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$186,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$211,900
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$397,900
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$397,900

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.40 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%

Scores 0–100; higher = greater projected risk.

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.0.33
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.

E
Littleton Elementary SchoolA+
Elementary · Grades KG–5 · 0.7 mi
H
Parsippany Hills High SchoolA-
High · Grades 9–12 · 0.9 mi
M
Brooklawn Middle SchoolB+
Middle · Grades 6–8 · 1.1 mi

District: Parsippany-Troy Hills Township School District

Neighborhood · ZIP 07950These 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.59
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.96
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.109

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.35%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.3.0%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.22,201
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,351 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$144,977
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$171,883
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.53 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

7 Arate Ln 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 71% of homes in Morris Plains 07950
  • Bigger than 72% of homes in Morris Plains 07950

What homes are worth in Morris Plains 07950

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

This home
$233K$1.2M

This home is worth more than 71% of homes in Morris Plains 07950.

How it measures up in Morris Plains 07950

The dot is this home. The mark in the middle is the typical home in Morris Plains 07950.

Estimated value$879,362
CheaperTypical $770,975Pricier

Pricier than 71% of homes nearby

Price per ft²$365
CheaperTypical $372Pricier

Pricier than 45% of homes nearby

Living area2,408 ft²
SmallerTypical 1,917 ft²Bigger

Bigger than 72% of homes nearby

Lot size0.33 ac
SmallerTypical 0.32 acBigger

Bigger than 51% of homes nearby

Year built1970
OlderTypical 1964Newer

Newer than 56% of homes nearby

How 7 Arate Ln ranks against every home in each area.
MeasureThis homeMorris Plains 07950Morris County
Estimated valuepricier than$879,36271% of homes69% of homes
Price per ft²pricier than$36545% of homes50% of homes
Living areabigger than2,408 ft²72% of homes67% of homes
Lot sizebigger than0.33 ac51% of homes47% of homes
Year builtnewer than197056% of homes55% of homes

About 7 Arate Ln

How much is 7 Arate Ln, Morris Plains, NJ worth?

The TopHap Estimate for 7 Arate Ln, Morris Plains, NJ is $879,362 as of Aug 30, 2026. The likely range is $848,527 to $910,197. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 7 Arate Ln, Morris Plains, NJ last sell?

7 Arate Ln, Morris Plains, NJ last sold on Aug 28, 1992 for $265,000, according to the county's recorded deed.

How big is 7 Arate Ln, Morris Plains, NJ?

7 Arate Ln, Morris Plains, NJ has 2,408 square feet of living space and a 0.33-acre lot.

When was 7 Arate Ln, Morris Plains, NJ built?

7 Arate Ln, Morris Plains, NJ was built in 1970, making it 56 years old. The building has 2 stories.

What schools serve 7 Arate Ln, Morris Plains, NJ?

7 Arate Ln, Morris Plains, NJ is assigned to Littleton Elementary School (elementary), rated A+; Parsippany Hills High School (high), rated A-; Brooklawn 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 7 Arate Ln, Morris Plains, NJ compare to other homes in Morris Plains 07950?

Among the 7,313 homes in Morris Plains 07950, it is worth more than 71% of them ($879,362 against a typical $770,975), its price per square foot is higher than 45% of them ($365 against a typical $372), it is bigger than 72% of them (2,408 ft² against a typical 1,917 ft²), its lot is bigger than 51% of them (0.33 ac against a typical 0.32 ac) and it is newer than 56% of them (1970 against a typical 1964). Measured against all of Morris County, it is worth more than 69% 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 7 Arate Ln, Morris Plains, NJ?

The 2024 property tax bill for 7 Arate Ln, Morris Plains, NJ was $13,823. The county assessed it at $397,900.

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