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$549,900 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 2 Car Garage
  • Updated 20 hours ago
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Rarely available 2 bedroom with two full baths PLUS 2 parking spaces, this fabulous one floor condo in elevator building in the heart of Morristown in beautiful condition within steps to all the restaurants, shops, Nyc train, theaters, gyms and the Morristown Green. This metrpolitan, turnkey unit enjoys great views and easy living with On site gym and generous storage area and lobby area for package deliveries. Open living room/ dining area with great light and views. Primary bedroom with generous closet space and en-suite bath plus guest room with additional bath and generous closet space. Step saver kitchen is open to dining area and has plenty of work area and cabinets. Hunter Douglass Silhouette shades throughout with remote control. Top of the line LG stackable washer/dryer included. Beautiful hardwood floors in foyer, L.R./D.R. area with crown moldings and six panel doors throughout in pristine Perfect move in condition. This building enjoys access from either Speedwell Ave or Prospect St.and secure entry via fobs With security cameras. This unit has a covered parking space steps away at Dalton garage. Check out the gym and Storage area on the 2nd floor. Enjoy all that town has to offer right outside the door. Easy walk to NYC train or Bus steps away. This is the place to be for carefree living! One covered parking space in Dalton garage $100/mo and one in lot across the street $90/mo.

Full Property Details for 7 Prospect St #508

General

  • Price: $549,900
  • HOA FEE: $450/month
  • Taxes: $7,659 (2025)
  • Status: Active
  • Type: Condo
  • Source: Garden_State
  • MLS ID: 4036117
  • Updated: 6/29/2026
  • Added to Site: Today

Interior

  • Number of Rooms: 4
  • Interior Features: Elevator, Smoke Detector, Stall Shower, Tub Shower, Walk-In Closet, Window Treatments
  • Appliances: Carbon Monoxide Detector, Dryer, Microwave, Refrigerator, Washer
  • Flooring: Carpeting, Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2
  • Primary Bedroom: Full Bath
  • Bedroom 1: First
  • Bedroom 2: First

Other Rooms

  • Living Room: First
  • Kitchen: Not Eat-In Kitchen, First
  • Dining Room: Living/Dining Combo, Second
  • Other Room 1: Exercise Room

Additional Information

  • Shared Amenities: Exercise Room

Exterior

  • Exterior Features: Sidewalk, Thermal Windows/Doors
  • Color: Beige

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Uncovered Spaces: 2
  • Garage Description: Assigned, Garage Parking, On-Street Parking

Location

  • County: Morris
  • Subdivision: Vail Commons
  • Driving Directions: Washington St to Cattano to Prospect St. Begin showing 6/28.

School Information

  • Elementary School: SussexAve
  • Middle School: Frelghuysn
  • High School: Morristown

Community

  • Community Living: Yes
  • Assoc. Fees Include: Maintenance-Common Area, Maintenance-Exterior, Trash Collection, Water Fees

Heating & Cooling

  • Cooling Type: 1 Unit
  • Heating Type: 1 Unit
  • Heating Fuel: Natural Gas
  • Water Heater: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Association
  • Utility Description: All Underground, Cable TV, Fiber Optic, Garbage Included

Structural Information

  • Architectural Style: One Floor Unit
  • Basement Desc.: Full
  • Roof: Asphalt Shingles
  • Year Built: 2008

Lot Features

  • Lot Size: .17
  • Driveway/Sidewalk: Off-Street Parking, On-Street Parking, Parking Lot-Exclusive, Parking Lot-Shared
  • Zoning: Multi

Financial Considerations

  • Association Fee: $450
  • Assoc Fee Freq.: Monthly
  • Application Fee: $450
  • Assessment Amount: $435,200
  • Land Assmt: $215,000
  • Tax Amount: $7,659
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Condominium
  • Disclosures: Yes
  • APN: 2324-05801-0000-00003-0508-
  • Block: 5801
  • Lot Number: 3.508
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 7 Prospect St #508 —

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 7 Prospect St #508

School District:Morris Township School District
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7 Prospect St #508 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/29/2026
Listed
$549,900
15.77%
MLS
5/15/2023
Sold
$475,000
—
Public Record
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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 7 Prospect St #508

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,854
-17%
$435,200
52%
2022
$8,242
1%
$285,400
—
2021
$8,197
1%
$285,400
—
2018
$8,120
3%
$285,400
—
2017
$7,877
3%
$285,400
—
2016
$7,674
-7%
$285,400
—
2019
$8,225
10%
$285,400
—
2015
$7,492
5%
$285,400
4%
2013
$7,109
—
$275,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 7 Prospect St #508

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

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7 Prospect St #508, Morristown, NJ 07960 (MLS# 4036117) is a Condo property with 2 bedrooms and 2 full bathrooms. 7 Prospect St #508 is currently listed for $549,900 and was received on June 29, 2026. This property is listed by The Defazio Flanagan Team from our Morristown Office.Want to learn more about 7 Prospect St #508? 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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