7 Prospect St, Unit 705

Morristown, NJ 07960

$503,000
Last Sold Price
1
Bed
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Sold 12/19/25
Sold 12/19/25

Description

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...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 Agents

  1. Ryan Dougherty

    Ryan Dougherty

    Listing Agent

    Compass

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  2. Mary Dougherty

    Mary Dougherty

    Alternative Listing Agent

    Compass

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Property Details for 7 Prospect Street, Unit 705

Style
One Floor Unit
Directions
google maps 7 prospect st morristown nj 07960
Days On Market
7
Pets Allowed
NumLimit, SizLimit
Primary Style
One Floor Unit
Section/Subdiv/Development
Vail Commons
LISTING UPDATED: 12/19/2025 02:57 PM

Property Details for 7 Prospect Street, Unit 705

StatusSold
MLS #3997623
Days on Market7
Taxes$6,282 / year
HOA Fees$649 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condo/Coop/Townhouse
Year Built2008
CountyMorris County
Buyer's Agent Compensation2%

Location

Sold By WEICHERT REALTORS, DANNY GALLEGO

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Building Information for 7 Prospect Street, Unit 705

Building/Complex7 Prospect StFloor-Stories-Residences-Pet Policy-Pet Policy Details-Year Built2008

Payment Calculator

$3,624 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,452

Property Taxes

$524

HOA Dues

$649

The Payment Calculator is for illustrative purposes only.

Property Information for 7 Prospect Street, Unit 705

Summary
Location and General Information
  • Middle/Jr High School: Frelghuysn
  • High School: Morristown
  • Active Days on Market: 7
  • County #: Morris
  • Town Name: Morristown Town
  • Community Living: Yes
  • Block Identifier: 5801
  • Listing Type: Exclusive Right to Sell
  • Color of Building: brick
  • Town #: 2325.0
  • Unit #: 705
  • Street # Display: 7.0
  • # Parking Spaces: 1
  • County Or Parish: Morris
  • Street Name: Prospect St
  • Zip Code: 07960-9300
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • County Code Tax: *
  • County Tax: *
  • Tax Amount: $6,282
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Code Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 398900.0
  • Tax ID For Property: 2324-05801-0000-00003-0705-
  • Tax Id Tax: *
  • Tax Rate Amount: $2
  • Tax Rate Tax: *
  • Tax Rate Year: 2025
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Assoc/Maint Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection
  • Assoc/Maint Fee Freq: Monthly
  • Assoc/Maint Fee: 649.0
Parking
  • Parking/Driveway Description: Parking Lot-Exclusive
  • # Garage Spaces: 0
Property
Lot Information
  • Appliances: Carbon Monoxide Detector, Dryer, Microwave Oven, Range/Oven-Electric, Refrigerator, Washer
  • Lot Description: Level Lot
  • Lot Identifier: 3.705
  • Approximate Lot Size: 00
  • Total Acres: 0.0
  • Construction Date/Year Built: 2008
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 183900.0
  • Assessment Land: 215000.0
Utilities
  • Cooling: 2 Units
  • Services: Cable TV Available
  • Utilities: Electric
  • Water: Public Water
  • Water Heater: Electric
  • Heating: 2 Units
  • Fuel Type: Electric
  • Sewer: Public Sewer
  • Amenities: Exercise Room, Storage
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick
  • Exterior Features: Deck, Sidewalk, Thermal Windows/Doors
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
  • Roof Description: Flat
  • Basement: No
  • # Baths: 1.0
  • # Full Baths: 1
  • # Half Baths: 0
  • Bedroom 1 Dim: 13x11
  • # Bedrooms: 1
  • Easement: Unknown
  • # Fireplaces: 0
  • Kitchen Dim: 7x10
  • Kitchen Area: Breakfast Bar
  • Living Room Dim: 13x17
  • Other Room 1 Dim: 4x9
  • Other Room 2 Dim: 9x8
  • # Rooms: 3
  • Other Room 4: Foyer
  • Other Room 5: Bathroom

Property History for 7 Prospect Street, Unit 705

DateEvent & SourcePriceAppreciation
Dec 19, 2025

Sold

GSMLS #3997623

$503,000—
Nov 20, 2025

Under Contract

GSMLS #3997623

—
Nov 13, 2025

Listed (Active)

GSMLS #3997623

$425,000—
May 17, 2022

Sold

GSMLS #3770277

$367,500—
May 2, 2022

Sold (Public Record)

Public Record #1492001007

$367,500—
Mar 21, 2022

Listed (Active)

GSMLS #3770277

$379,000—
DateEvent & SourcePrice
12/19/2025

Sold

GSMLS #3997623

$503,000
11/20/2025

Under Contract

GSMLS #3997623

—
11/13/2025

Listed (Active)

GSMLS #3997623

$425,000
05/17/2022

Sold

GSMLS #3770277

$367,500
05/02/2022

Sold (Public Record)

Public Record #1492001007

$367,500
03/21/2022

Listed (Active)

GSMLS #3770277

$379,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7 Prospect Street, Unit 705

Taxable ValueLand$215,000Additions$183,900Total$398,900
Tax Record2024$6,283 ($524 / month)
Home Facts
Beds0Total Finished SqFt840 SqFtAbove Grade Finished SqFt840 SqFtStyleCondominiumYear Built2008CountyMORRISAPN24 05801-0000-00003- 705

Schools near 7 Prospect Street, Unit 705

This home is within Morris School District.
Rating
School
Type
Grades
Distance
Alfred Vail Elementary School
Public - PK to 2
Hillcrest Elementary School
Public - PK to 2
Woodland School
Public - K to 2
Normandy Park School
Public - K to 5
Rating
School
Distance
Alfred Vail Elementary School
PublicPK to 2

Hillcrest Elementary School
PublicPK to 2

Woodland School
PublicK to 2

Normandy Park School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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