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Morris
31 Farview Ave
Photo of 31 Farview Ave
Sold on Oct 9, 2026

1

Map

$1,515,000
● House - Off Market

31 Farview Ave

Hanover Twp., NJ 07927
bedrooms
5 Beds
bathrooms
0 Bath
$7,243
Est. Monthly
Unit Size
-
Days on Market
-
Land Size
0.31 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1922

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: 10 hours ago (GSMLS #4046640)

Price History

Date / Event Date Event Price
Oct 9, 2026 Sold
Premium
Sold
Sep 4, 2026 In contract -
In contract
Jun 15, 2023 Sold
Premium
Sold
May 13, 2023 In contract -
In contract

Property Highlights

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,504
  • Total Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Hanover Township School District
  • Census Tract: 042200

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: TAX MAP 14
  • District: 12
  • Parcel: 12 01405-0000-00018
  • Block: 1405
  • Lot: 18
  • Municipality: HANOVER TWP
  • Latitude: 40.8209
  • Longitude: -74.4543

    Address

  • Full Address: 31 Farview Ave
  • Address - House Number: 31
  • Address - Street Name: Farview
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Cedar Knolls
  • Carrier Code: C001
  • 4-Digit Zip Code: 1504
  • Zip Code: 07927

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $716,435

    Appraisal Valuation

  • Standard Deviation: 0.0795
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 94
  • Final Value: 355,443
  • High Value: 383,721
  • Low Value: 327,165

    Market Valuation

  • Market Total Value: $446,039
  • Market Land Value: $270,466
  • Market Improvement Value: $175,573

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $338,900
  • Assessed Land Value: $205,500
  • Assessed Improvements Value: $133,400

    Sales

  • Current Sale Contract Date: Jun 07, 2023
  • Current Sale Recording Date: Jun 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 21382
  • Previous Sale Recording Date: Nov 23, 2004
  • Previous Sale Contract Date: Oct 28, 2004
  • 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:

$699,900

Sale Price/ft²

$336

Below Asking

0.01%

Average Days on Market

35

Average Home Size

1000 ft²

Average Home Age

-

Currently For Sale

1464 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 2 Cottage, Morristown Town, NJ, 07960

$2,975 /mo

  • 2 Beds
  • 1 Bath
2 Cottage, Morristown Town, NJ, 07960 Listing by Jason Pierce

Rentals Near You

Click here to view more rentals in the neighborhood.
GSMLS

Last Updated: 10 hours ago
Data Source: GSMLS, MLS#
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 31 Farview Avenue built and last sold?
The property at 31 Farview Avenue was built in 1922 and last sold on Jun 7, 2023 for $305,000.
How much is this home worth?
The estimated value of the home located at 31 Farview Avenue is $1,489,750.
What are some comparable homes to 31 Farview Avenue?
There are currently no comparable homes to 31 Farview Avenue.
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