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Single Family ResidenceResidential
$499,888$688 / 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 Jul 14, 2026
Last sold for $335,000 on Jul 16, 2020

7 PROSPECT ST

MORRISTOWN, NJ 07960
Building report
0
Baths
727 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

$500K
$480K low$520K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$335,000 · Jul 16, 2020
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.$499,888
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$399,910

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,938 (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.$377,000 (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.$162,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$377,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$377,000

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.0.25
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(5)

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%

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.No

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.

  • Worth less than 95% of homes in Morristown 07960
  • Costs more per square foot than 98% of homes in Morristown 07960
  • Among the smallest homes in Morristown 07960
  • Newer than 94% 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
$352K$2.6M

This home is worth more than 5% 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$499,888
CheaperTypical $947,775Pricier

Pricier than 5% of homes nearby

Price per ft²$688
CheaperTypical $430Pricier

Pricier than 98% of homes nearby

Living area727 ft²
SmallerTypical 2,216 ft²Bigger

Smaller than almost all homes nearby

Lot size0.25 ac
SmallerTypical 0.36 acBigger

Bigger than 38% of homes nearby

Year built2008
OlderTypical 1965Newer

Newer than 94% of homes nearby

How 7 Prospect St ranks against every home in each area.
MeasureThis homeMorristown 07960Morris County
Estimated valuepricier than$499,8885% of homes17% of homes
Price per ft²pricier than$68898% of homes97% of homes
Living areabigger than727 ft²almost no homes2% of homes
Lot sizebigger than0.25 ac38% of homes38% of homes
Year builtnewer than200894% of homes94% of homes

About 7 Prospect St

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

The TopHap Estimate for 7 Prospect St, Morristown, NJ is $499,888 as of Jul 14, 2026. The likely range is $479,916 to $519,860. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

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

7 Prospect St, Morristown, NJ last sold on Jul 16, 2020 for $335,000, according to the county's recorded deed. TopHap holds 4 recorded sales for this parcel.

How big is 7 Prospect St, Morristown, NJ?

7 Prospect St, Morristown, NJ has 727 square feet of living space and a 0.25-acre lot.

When was 7 Prospect St, Morristown, NJ built?

7 Prospect St, Morristown, NJ was built in 2008, making it 18 years old.

How does 7 Prospect St, Morristown, NJ compare to other homes in Morristown 07960?

Among the 11,621 homes in Morristown 07960, it is worth more than 5% of them ($499,888 against a typical $947,775), its price per square foot is higher than 98% of them ($688 against a typical $430), it is bigger than almost none of them (727 ft² against a typical 2,216 ft²), its lot is bigger than 38% of them (0.25 ac against a typical 0.36 ac) and it is newer than 94% of them (2008 against a typical 1965). Measured against all of Morris County, it is worth more than 17% 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, Morristown, NJ?

The 2024 property tax bill for 7 Prospect St, Morristown, NJ was $5,938. The county assessed it at $377,000.

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