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$450,000 Just Listed
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Property Description
Welcome to 7 Prospect St, a beautifully maintained 1bedroom, 1bath condominium offering comfortable, low-maintenance living in the heart of Morristown. Located in a well-maintained elevator building, this inviting residence blends convenience, functionality, and value just moments from everything downtown Morristown has to offer. The unit features a practical layout with abundant natural light and a warm, welcoming atmosphere throughout. Residents enjoy the convenience of elevator access along with on-site fitness amenities, adding ease and lifestyle appeal to everyday living. Ideally situated close to Morristown's vibrant downtown filled with renowned restaurants, shopping, entertainment, parks, NJ Transit direct trains to NYC, and major highways. Whether used as a primary residence or investment opportunity, this condo offers an exceptional chance to enjoy all that Morristown living has to offer in one of Morris County's most desirable locations.
Full Property Details
Full Property Details for 7 Prospect St
General
- Price: $450,000
- HOA FEE: $573/month
- Taxes: $6,668 (2025)
- Status: Active
- Type: Condo
- Source: Garden_State
- MLS ID: 4030140
- Updated: 5/27/2026
- Added to Site: 2 day(s) ago
Interior
- Number of Rooms: 4
- 1st Floor/Level 1: 1 Bedroom, Bath Main, Kitchen, Living Room
- Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
- Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave, Electric Range and Oven, Refrigerator, Washer
- Flooring: Laminate, Wood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
- Primary Bedroom: Walk-In Closet
- Bedroom 1: 16 x 11, First
Other Rooms
- Living Room: 14 x 18, First
- Kitchen: Galley Type, 9 x 8, First
- Bathroom: 8 x 9, First
Additional Information
- Shared Amenities: Elevator, Exercise Room, Storage Area
Exterior
- Exterior Features: Deck
Parking
- Uncovered Spaces: 1
Location
- County: Morris
- Subdivision: Valil Commons
- Driving Directions: google maps 7 prospect st morristown nj
School Information
- Middle School: Frelghuysn
- High School: Morristown
Community
- Community Living: Yes
- Assoc. Fees Include: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection, Water Fees
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: 1 Unit
- Heating Type: 1 Unit
- Heating Fuel: Electric
Utilities
- Sewer: Public Sewer
- Water: Association, Public Water
- Utility Description: Electric, Cable TV Available, Garbage Included
Structural Information
- Architectural Style: One Floor Unit
- Roof: Flat
- Year Built: 2008
Lot Features
- Driveway/Sidewalk: Off-Street Parking, Parking Lot-Shared
- Lot Description: Level Lot
Financial Considerations
- Association Fee: $573
- Assoc Fee Freq.: Monthly
- Assessment Amount: $378,900
- Land Assmt: $215,000
- Tax Amount: $6,668
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Disclosures: Yes
- APN: 2324-05801-0000-00003-0410-
- Block: 5801
- Lot Number: 3.41
Listed by Compass New Jersey, Llc
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Price & Sales History for 7 Prospect St
Date
Details
Price
Change
Source
5/26/2026
Listed
$450,000
31.58%
MLS
1/04/2008
Sold
$342,000
—
Public Record
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
Tax History for 7 Prospect St
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
100%
2022
100%
100%
2021
100%
100%
2020
—
—
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
Estimate the Cost for 7 Prospect St
7 Prospect St, Morristown, NJ 07960 (MLS# 4030140) is a Condo property with 1 bedroom and 1 full bathroom. 7 Prospect St is currently listed for $450,000 and was received on May 26, 2026. Want to learn more about 7 Prospect St? 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.

