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$1,150,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,346 Sq. Ft.
  • 2 Car Garage
  • Updated 10 days ago
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Located in Morristown's most coveted downtown address, this fully renovated, move-in-ready 2-bedroom/2-bath corner residence offers sophisticated living in one of the area's only full-service buildings. Perched on the 5th floor and overlooking the courtyard, every detail has been thoughtfully redesigned with a focus on light, high-end finishes and modernization. Throughout the unit, 9-foot ceilings, smart-home features, upgraded electrical and lighting, refinished hardwood flooring and custom window treatments create a light-filled and inviting space for living and entertaining. A private balcony and Juliet balcony make this a unique property not to be missed. The gourmet kitchen has been completely redesigned with new stainless steel appliances, custom cabinetry, new countertops and full backsplash. The spacious primary suite features a walk-in closet, additional linen storage, and a beautifully renovated en-suite bath with an oversized walk-in tile shower and double vanity. The second bedroom is ideal for guests or a home office, with its own renovated full bath. Fully renovated units in this building are rare; here the heavy lifting has been done for you. Enjoy maintenance-free living with premium building amenities: concierge service 365 days/year, secure gated and assigned parking (2 spaces), onsite fitness center and an elegant club and billiards room. All just steps from Morristown's vibrant dining, shopping, the Green, and NYC direct transit.

Full Property Details for 40 Park #502

General

  • Price: $1,150,000
  • HOA FEE: $843/month
  • Taxes: $12,948 (2024)
  • Status: Active
  • Type: Condo
  • Source: Garden_State
  • MLS ID: 4001512
  • Updated: 12/18/2025
  • Added to Site: 36 day(s) ago

Interior

  • Number of Rooms: 5
  • 1st Floor/Level 1: 2 Bedrooms, Bath Main, Bath(s) Other, Dining Room, Foyer, Kitchen, Laundry Room, Living Room
  • Interior Features: Blinds, Carbon Monoxide Detector, Elevator, Shades, Smoke Detector, Stall Shower, Tub Shower, Walk-In Closet
  • Appliances: Cooktop - Gas, Dishwasher, Dryer, Kitchen Exhaust Fan, Microwave, Refrigerator, Wall Oven(s) - Electric, Washer
  • Flooring: Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2
  • Bedroom 1: 18 x 13, First
  • Bedroom 2: 13 x 11, First

Other Rooms

  • Living Room: 27 x 15, First
  • Kitchen: Breakfast Bar, Separate Dining Area, 10 x 11, First
  • Dining Room: 13 x 9, First

Additional Information

  • Shared Amenities: Billiards Room, Club House, Exercise Room, Kitchen Facilities

Exterior

  • Exterior Features: Deck, Thermal Windows/Doors

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Garage Description: Assigned, Built-In Garage, Garage Parking, InEntrnc, Tandem

Location

  • County: Morris
  • Subdivision: Downtown
  • Driving Directions: Park in Dehart Street Garage, enter walkway behind Roots. See entrance to 40 Park Place.

School Information

  • High School: Morristown

Community

  • Community Living: Yes
  • Assoc. Fees Include: Maintenance-Common Area, Maintenance-Exterior, Snow Removal

Heating & Cooling

  • Cooling Type: 1 Unit, Central Air Conditioning
  • Heating Type: 1 Unit, Forced Hot Air
  • Heating Fuel: Natural Gas
  • Water Heater: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Natural Gas, Cable TV Available

Structural Information

  • Architectural Style: One Floor Unit
  • Roof: Flat
  • Square Feet: 1,346
  • Year Built: 2010
  • Remodeled/Updated: 2024

Lot Features

  • Lot Size (Acres): 2.49
  • Lot Size: 2.49 ACRES
  • Driveway/Sidewalk: Parking Lot-Exclusive
  • Lot Description: Skyline View

Financial Considerations

  • Association Fee: $843
  • Assoc Fee Freq.: Monthly
  • Application Fee: $1,707
  • Other Fee: $40
  • Other Fee Freq.: Monthly
  • Assessment Amount: $822,100
  • Land Assmt: $402,500
  • Tax Amount: $12,948
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Condominium
  • Disclosures: Yes
  • APN: 2324-06004-0000-00001-0502-
  • Block: 6004
  • Lot Number: 1.502
Buyer's Brokerage Compensation: Contact Listing Agent
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— 40 Park #502 —

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 40 Park #502

School District:Morris Township School District
NameGradesDistance
Morristown High School
50 Early Street, Morristown, NJ 07960
9-120.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 40 Park #502 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/12/2025
Listed
$1,150,000
32.95%
MLS
7/27/2022
Sold
$865,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 40 Park #502

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,948
-7%
$822,100
71%
2022
$13,862
1%
$480,000
—
2021
$13,786
1%
$480,000
—
2018
$13,656
3%
$480,000
—
2017
$13,248
3%
$480,000
—
2016
$12,907
-7%
$480,000
—
2019
$13,834
10%
$480,000
—
2015
$12,600
2%
$480,000
—
2013
$12,408
—
$480,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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40 Park #502, Morristown, NJ 07960 (MLS# 4001512) is a Condo property with 2 bedrooms and 2 full bathrooms. 40 Park #502 is currently listed for $1,150,000 and was received on December 12, 2025. This property is listed by Heather Bailey from our Morristown Office.Want to learn more about 40 Park #502? Do you have questions about finding other Condo real estate for sale in Morristown? You can browse all Morristown real estate or contact a Coldwell Banker agent to request more information.

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