40 W Park Pl #513, Morristown, NJ, 07960
About This Home
An incomparable new level of style, comfort, and location! This stunning condominium in the highly desirable 40 Park Place building offers a modern open, airy design and an amazing in-town location right on Morristown's historic Green. Beautiful architecture and a piazza with water features and benches bring you inside to a spectacular lobby. Polished hardwood floors gleam across the spacious open living room, 9ft ceilings, dining room, sitting area, and chef's kitchen. It is appointed with granite counters, stylish tile backsplash, high-end SS appliances, generous cabinetry, and an oversized island with seating. Off the living room is a private balcony with views of The Green. The layout continues to the primary bedroom with a WIC and en-suite including marble floors and countertops, oversized glass shower, a soaking tub, and a dual-sink vanity. There is also a 2nd bedroom, a full hallway bath, laundry room, and a powder room. Elevated amenities include full concierge service 365 days (7am-11pm) private gym, beautiful club room with tv, billiard table and full catering kitchen perfect for effortless parties. 2 parking spaces w/direct entry to building (no stairs). Just minutes to the NJ Transit direct train to NYC and close to the performing arts center, restaurants, boutique shops, and a myriad of entertainment opportunities. Nearby major routes 10, 24, 80 and I-287, less than 30min to Newark Int Airport, this residence offers the ultimate in sophisticated suburban living.
Getting Around
Walker's Paradise
Some Transit
BikeableSchools
Construction
Condition
- Year built: 2009
Materials
- Roof: Flat
- Construction materials: Brick
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Carbon Monoxide Detector,Gas Cooktop,Dishwasher,Dryer,Generator-Built-In,Kitchen Exhaust Fan,Microwave,Refrigerator,Self Cleaning Oven,Wall Oven(s) - Electric,Washer
- Laundry features: Laundry Room
Basement
- Basement: None
Bedroom1
- Area: 231
Bedroom2
- Area: 165
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Dining Room
- Features: Formal Dining Room
- Area: 230
Features
- Window features: Blinds
- Flooring: Tile,Wood
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 1,681
- Total interior livable area: 1,681 sqft
Kitchen
- Features: Breakfast Bar,Kitchen Island
- Area: 360
Living Room
- Area: 408
Master Bathroom
- Features: Soaking Tub,Stall Shower
Property
Details
- Parcel number: 2324060040000000010513
- Attached to another structure: Yes
- Other equipment: Generator-Built-In
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 2.49 Acres
- Lot size dimensions: 2.49 ACRES
Parking
- Total spaces: 2
- Parking features: Assigned,Garage Door Opener,Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Cold Wave
- Inland Flooding
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,343 | $100,116 |
| Home Insurance * | $450 | $5,400 |
| Property Taxes | $2,070 | $24,840 |
| Electricity | $193 | $2,318 |
| Total | $11,056 | $132,672 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-15 | Price change | $1,650,000 |
| 2026-06-09 | Listed for sale | $1,750,000 |
| 2022-03-23 | Sold | $998,000 |
| 2022-01-10 | Sold | $998,000 |
| 2021-06-30 | Listed for sale | $1,099,000 |
| 2011-07-25 | Sold | $799,000 |
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