Morris County  »  07960  »  South St  »  181 South St

South Street Apartment Homes - 181 South Street, Morristown, NJ 07960 - Property report

Also known as: 181 South St

Property image for South Street Apartment Homes - 181 South Street, Morristown, NJ 07960
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Property type

Commercial-Mixed Use (101)

Acreage

0.625

Sale price

$15,500,000

General information

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Address
Primary address
South Street Apartment Homes - 181 South Street
ZIP code
07960
County
Morris
Block
6301
Lot
2
Municipality
1424
Qualifier
Parcel ID
6301-2

Owner

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Sales
Sale date
12/06/2019
Sale price
$15,500,000
Arm's length
Tax
Tax year
2026
Current property tax
$206,910
Building
Property type
Commercial-Mixed Use (101)
Stories
5
Exterior structural material
Lot
Acreage
0.625
Zoning & Use
Zoning
Qualified opportunity zone

Area overview

Walk score
93 /100.  Walker's Paradise
Transit score
37 /100.  Some Transit
Bike score
56 /100.  Bikeable
Broadband internet providers and speed map
Types of broadband connections

Ownership information for South Street Apartment Homes - 181 South Street, Morristown, NJ

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for South Street Apartment Homes - 181 South Street, Morristown, NJ 07960

*Most recent sales on record for this property.

More about Morris County property records.

Title documents

Date Type Amount Party 1 Party 2 Doc #
01/31/2020 - R
12/10/2019 - D
Assignment XXXXX XXXX XXXXXXX XXXXXXXXXXX XXX XXXXXX XXX
01/31/2020 - R
12/10/2019 - D
Mortgage XXX XXXXX XXX XXXXX XXXXXX XXXXXXXXXX XXX XXXXX XXXX XXXXXXX XXXXXXXXXXX XXX
01/31/2020 - R
12/06/2019 - D
Deed and Realty Tax Fees XXXX XXXXX XXXXX XXXXXX XXXXXXXXXX XXX XXX XXXXX XXX XXXXX XXXXXX XXXXXXXXXX XXX
11/19/2007 - R
09/28/2007 - D
Deed and Realty Tax Fees XXXXX XXXXXX XXXXXXXXXX XXX XXXX XXXXX XXXXX XXXXXX XXXXXXXXXX
04/17/2001 - D Deed and Realty Tax Fees

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for South Street Apartment Homes - 181 South Street, Morristown, NJ

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2026
Property tax
$206,910
Recent tax assessments
Market value
$9,000,000
Land value
$4,800,000
Building value
$4,200,000

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Tax rate Property tax Y-o-Y change
2025 $10,127,200 $10,127,200 2.299 $232,824 +45.97%
2024 $10,127,200 $10,127,200 1.575 $159,503 +222.87%
2023 $1,700,000 $1,700,000 2.906 $49,402 +0.62%
2022 $1,700,000 $1,700,000 2.888 $49,096 +0.56%
2021 $1,700,000 $1,700,000 2.872 $48,824 -0.38%
2020 $1,700,000 $1,700,000 2.883 $49,011 +0.03%
2019 $1,700,000 $1,700,000 2.882 $48,994 +1.30%
2018 $1,700,000 $1,700,000 2.845 $48,365 +3.08%
2017 $1,700,000 $1,700,000 2.76 $46,920 +2.64%
2016 $1,700,000 $1,700,000 2.689 $45,713 +2.44%

Permit information for South Street Apartment Homes - 181 South Street, Morristown, NJ

No recently recorded permits for this property.

Demographics by ZIP code

Total population
46,702
Median age
40
Average household income
$225,910
Family households
62.5%
People per household (average)
2.44
Occupied housing units
18,575
Owner-occupied units
62.5%
Median year structure built
1969
Median value mortgaged units
$743,100
Median value unmortgaged units
$720,300

Risk

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FEMA flood zones

FEMA flood zones
-

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map

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Frequently asked questions

When was South Street Apartment Homes - 181 South Street, Morristown, NJ 07960 last sold and what was the sale price?

South Street Apartment Homes - 181 South Street, Morristown, NJ 07960 was last sold on 12/06/2019 for $15,500,000.

What is the assessed value of South Street Apartment Homes - 181 South Street, Morristown, NJ 07960?

South Street Apartment Homes - 181 South Street, Morristown, NJ 07960 is currently assessed at $9,000,000.

What are the property taxes for South Street Apartment Homes - 181 South Street, Morristown, NJ 07960?

The property taxes for South Street Apartment Homes - 181 South Street, Morristown, NJ 07960 total $206,910.

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