Vail Commons 7 Prospect St Unit 705 Morristown, NJ 07960
Estimated payment $3,413/month
Highlights
- Fitness Center
- Deck
- Breakfast Bar
- Hillcrest School Rated A-
- Thermal Windows
- 3-minute walk to The Morristown Green
About This Home
Welcome to 7 Prospect Street, Unit 705, a well-maintained 1-bedroom residence in the "vail commons" located in the heart of Morristown. This bright and inviting unit features an open living and dining area with access to a private balcony, along with a kitchen offering granite countertops, stainless steel appliances, and a breakfast bar. The spacious bedroom includes carpeting and ample closet space, while the full bath is conveniently accessible from the main living area. Additional features include in-unit laundry, wall A/C, storage, and one parking space in a private lot. Residents also enjoy building amenities such as a fitness center, elevator, and secure entry. Just moments from Morristown's shops, restaurants, entertainment, and NJ Transit, this home offers convenient and low-maintenance living in a prime downtown location.
Listing Agent
COMPASS NEW JERSEY, LLC Brokerage Phone: 973-309-6178 Listed on: 11/13/2025
Open House Schedule
-
Sunday, November 16, 20251:00 to 3:00 pm11/16/2025 1:00:00 PM +00:0011/16/2025 3:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,282
Year Built
- Built in 2008
HOA Fees
- $649 Monthly HOA Fees
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 1-Story Property
- Thermal Windows
Kitchen
- Breakfast Bar
- Electric Oven or Range
- Microwave
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Home Security
Parking
- 1 Parking Space
- Parking Lot
Outdoor Features
- Deck
Schools
- Frelghuysn Middle School
- Morristown High School
Utilities
- Two Cooling Systems Mounted To A Wall/Window
- Multiple Heating Units
- Standard Electricity
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 2324-05801-0000-00003-0705-
Community Details
Overview
- Association fees include maintenance-common area, maintenance-exterior, snow removal, trash collection
Amenities
- Community Storage Space
Recreation
- Fitness Center
Pet Policy
- Limit on the number of pets
- Pet Size Limit
Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Map
About Vail Commons
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,283 | $398,900 | $215,000 | $183,900 |
| 2024 | $8,933 | $398,900 | $215,000 | $183,900 |
| 2023 | $8,933 | $307,400 | $175,000 | $132,400 |
| 2022 | $8,829 | $307,400 | $175,000 | $132,400 |
| 2021 | $8,829 | $307,400 | $175,000 | $132,400 |
| 2020 | $8,862 | $307,400 | $175,000 | $132,400 |
| 2019 | $8,859 | $307,400 | $175,000 | $132,400 |
| 2018 | $8,746 | $307,400 | $175,000 | $132,400 |
| 2017 | $8,484 | $307,400 | $175,000 | $132,400 |
| 2016 | $8,266 | $307,400 | $175,000 | $132,400 |
| 2015 | $8,069 | $307,400 | $175,000 | $132,400 |
| 2014 | $7,980 | $225,000 | $175,000 | $50,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/14/2025 11/14/25 | For Sale | $425,000 | +15.6% | -- | |
| 05/17/2022 05/17/22 | Sold | $367,500 | -3.0% | -- | View Prior Sale |
| 03/31/2022 03/31/22 | Pending | -- | -- | -- | |
| 03/21/2022 03/21/22 | For Sale | $379,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $367,500 | Ridge Title | |
| Deed | $367,500 | Ridge Title | |
| Deed | -- | None Available | |
| Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $275,625 | New Conventional | |
| Closed | $275,625 | New Conventional |
Source: Garden State MLS
MLS Number: 3997623
APN: 24-05801-0000-00003-705
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