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Morris 07960
55 Raven Dr
$675,000
● House - Off Market

55 Raven Dr

Morris Twp., NJ 07960
bedrooms
3 Beds
bathrooms
3.1 Baths
$3,742
Est. Monthly
$550
HOA / Fees
5.63%
Cap Rate
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$550
Year Built
1986

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: 3 years ago (GSMLS #3883456)

Price History

Date / Event Date Event Price
Mar 8, 2024 Sold
Premium
Sold
Feb 10, 2024 In contract -
In contract

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 35
  • 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: 3
  • Basement Area: 1,176
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 2,370
  • Building Area: 2,370
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,370
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000120
  • Standard Land Use Code: 1002
  • County Land Use Code: 2

Neighborhood

  • School District Name: Morris Township School District
  • Census Tract: 043303

Zoning

  • Zoning: TH-6

Geography

  • District: 22
  • Parcel: 22 06801-0000-00055
  • Block: 6801
  • Lot: 55
  • Municipality: MORRIS TWP
  • Latitude: 40.7649
  • Longitude: -74.4838

    Address

  • Full Address: 55 Raven Dr
  • Address - House Number: 55
  • Address - Street Name: Raven
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Morristown
  • Carrier Code: C012
  • 4-Digit Zip Code: 6444
  • Zip Code: 07960

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,041,197

    Appraisal Valuation

  • Standard Deviation: 0.08
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 94
  • Final Value: 658,916
  • High Value: 711,632
  • Low Value: 606,200

    Market Valuation

  • Market Total Value: $578,994
  • Market Land Value: $241,944
  • Market Improvement Value: $337,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $519,300
  • Assessed Land Value: $217,000
  • Assessed Improvements Value: $302,300

    Sales

  • Current Sale Contract Date: Feb 28, 2024
  • Current Sale Recording Date: Mar 12, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 8654
  • Previous Sale Recording Date: Jul 15, 2013
  • Previous Sale Contract Date: Jun 19, 2013
  • Previous Sale Amount: $472,500
  • 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:

$720,000

Sale Price/ft²

$344

Below Asking

0.01%

Average Days on Market

60

Average Home Size

885 ft²

Average Home Age

12.3 years

Currently For Sale

912 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 9 Dorado Dr, Morristown Town, 07960-9400

$3,700 /mo

  • 2 Beds
  • 2 Baths
9 Dorado Dr, Morristown Town, 07960-9400 Listing by ANTONIO DIMIERI
Unit for rent at 102 Village Drive, Morristown, NJ, 07960

$3,400 /mo

  • 2 Beds
  • 2 Baths
  • 1,266 ft²
102 Village Drive, Morristown, NJ, 07960 Listing by Anatolii Vivsianyi

Rentals Near You

Click here to view more rentals in the neighborhood.
GSMLS

Last Updated: 3 years ago
Data Source: GSMLS, MLS# 3883456
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 55 Raven Drive built and last sold?
The property at 55 Raven Drive was built in 1986 and last sold on Feb 28, 2024 for $675,000.
How much is this home worth?
The estimated value of the home located at 55 Raven Drive is $0.
What are some comparable homes to 55 Raven Drive?
There are currently no comparable homes to 55 Raven Drive.
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