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CondominiumResidential
$445,687$531 / 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 89How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $410,000 on Nov 4, 2024

7 PROSPECT ST

MENDHAM, NJ 07945
Building report
0
Baths
840 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.
0.25 ac
Lot SizeThe size of the land the home sits on, from county records.
2008
Year BuiltThe year the home was originally built, according to county records.

Valuation

$446K
$399K low$493K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$410,000 · Nov 4, 2024
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$445,687
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$356,550

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$6,330 (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.$401,900 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$215,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$186,900
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$401,900
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$401,900

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyMORRIS
Lot (acres)The size of the land the home sits on, from county records.0.25
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.

Neighborhood · ZIP 07945These 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.93
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.101

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.41%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.2.1%
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.10,295
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.510 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$212,259
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$270,274
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%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Absentee owner
Company ownedWhether the owner is a company or trust rather than a person.Yes

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 Prospect St 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.

  • Among the least valuable homes in Mendham 07945
  • Costs more per square foot than 93% of homes in Mendham 07945
  • Among the smallest homes in Mendham 07945
  • Has a smaller lot than 88% of homes in Mendham 07945
  • Newer than 97% of homes in Mendham 07945

What homes are worth in Mendham 07945

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

This home
$559K$2.7M

This home is worth less than almost all homes in Mendham 07945.

How it measures up in Mendham 07945

The dot is this home. The mark in the middle is the typical home in Mendham 07945.

Estimated value$445,687
CheaperTypical $1,116,433Pricier

Cheaper than almost all homes nearby

Price per ft²$531
CheaperTypical $396Pricier

Pricier than 93% of homes nearby

Living area840 ft²
SmallerTypical 2,800 ft²Bigger

Smaller than almost all homes nearby

Lot size0.25 ac
SmallerTypical 1.03 acBigger

Bigger than 12% of homes nearby

Year built2008
OlderTypical 1973Newer

Newer than 97% of homes nearby

How 7 Prospect St ranks against every home in each area.
MeasureThis homeMendham 07945Morris County
Estimated valuepricier than$445,687almost no homes10% of homes
Price per ft²pricier than$53193% of homes91% of homes
Living areabigger than840 ft²almost no homes4% of homes
Lot sizebigger than0.25 ac12% of homes38% of homes
Year builtnewer than200897% of homes94% of homes

About 7 Prospect St

How much is 7 Prospect St, Mendham, NJ worth?

The TopHap Estimate for 7 Prospect St, Mendham, NJ is $445,687 as of Jul 14, 2026. The likely range is $398,791 to $492,583. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 7 Prospect St, Mendham, NJ last sell?

7 Prospect St, Mendham, NJ last sold on Nov 4, 2024 for $410,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 7 Prospect St, Mendham, NJ?

7 Prospect St, Mendham, NJ has 840 square feet of living space and a 0.25-acre lot.

When was 7 Prospect St, Mendham, NJ built?

7 Prospect St, Mendham, NJ was built in 2008, making it 18 years old. It is a condo/apartment home.

How does 7 Prospect St, Mendham, NJ compare to other homes in Mendham 07945?

Among the 3,208 homes in Mendham 07945, it is worth more than almost none of them ($445,687 against a typical $1,116,433), its price per square foot is higher than 93% of them ($531 against a typical $396), it is bigger than almost none of them (840 ft² against a typical 2,800 ft²), its lot is bigger than 12% of them (0.25 ac against a typical 1.03 ac) and it is newer than 97% of them (2008 against a typical 1973). Measured against all of Morris County, it is worth more than 10% 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 Prospect St, Mendham, NJ?

The 2024 property tax bill for 7 Prospect St, Mendham, NJ was $6,330. The county assessed it at $401,900.

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