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Morris 07960
3 Stephen Crane Way
$1,385,000
● House - Off Market

3 Stephen Crane Way

Morris Twp., NJ 07960
bedrooms
5 Beds
bathrooms
3.1 Baths
$6,359
Est. Monthly
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1987

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (GSMLS #3944662)

Price History

Date / Event Date Event Price
Mar 21, 2025 Sold
Premium
Sold
Feb 20, 2025 In contract -
In contract

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,312
  • Garage Type: 1
  • Garage Square Area: 748
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,621
  • Total Building Area: 4,096
  • Building Area: 4,096
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 4,096
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000680
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Morris Township School District
  • Census Tract: 043401

Zoning

  • Zoning: R35C

Geography

  • District: 22
  • Parcel: 22 01603-0000-00002
  • Block: 1603
  • Lot: 2
  • Municipality: MORRIS TWP
  • Latitude: 40.8192
  • Longitude: -74.5104

    Address

  • Full Address: 3 Stephen Crane Way
  • Address - House Number: 3
  • Address - Street Name: Stephen Crane
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Morristown
  • Carrier Code: C034
  • 4-Digit Zip Code: 2747
  • Zip Code: 07960

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,563,098

    Appraisal Valuation

  • Standard Deviation: 0.1685
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 1,188,379
  • High Value: 1,388,713
  • Low Value: 988,045

    Market Valuation

  • Market Total Value: $869,216
  • Market Land Value: $338,945
  • Market Improvement Value: $530,271

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $779,600
  • Assessed Land Value: $304,000
  • Assessed Improvements Value: $475,600

    Sales

  • Current Sale Contract Date: May 19, 2014
  • Current Sale Recording Date: Sep 04, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 28
  • Current Sale Input Document Number: 2014046703
  • Previous Sale Recording Date: Apr 24, 2006
  • Previous Sale Contract Date: Jan 11, 2006
  • Previous Sale Amount: $955,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Morris

Stats & Trends

Median Asking:

$729,450

Sale Price/ft²

$347

Below Asking

0.01%

Average Days on Market

60

Average Home Size

831 ft²

Average Home Age

39.4 years

Currently For Sale

907 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 30 Court St A101, Morristown Town, 07960-5530

$4,895 /mo

  • 2 Beds
  • 2 Baths
  • 1,276 ft²
30 Court St A101, Morristown Town, 07960-5530 Listing by HEATHER BAILEY
Unit for rent at 18 Puddingstone Rd, Parsippany-Troy Hills Twp., 07950-1114

$5,200 /mo

  • 4 Beds
  • 2 Baths
  • 3,585 ft²
18 Puddingstone Rd, Parsippany-Troy Hills Twp., 07950-1114 Listing by TARA EPSKY

Rentals Near You

Click here to view more rentals in the neighborhood.
GSMLS

Last Updated: 2 years ago
Data Source: GSMLS, MLS# 3944662
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 3 Stephen Crane Way built and last sold?
The property at 3 Stephen Crane Way was built in 1987 and last sold on May 19, 2014 for $840,000.
How much is this home worth?
The estimated value of the home located at 3 Stephen Crane Way is $1,307,950.
What are some comparable homes to 3 Stephen Crane Way?
There are currently no comparable homes to 3 Stephen Crane Way.
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