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3 Ridge Road

Jefferson, NJ 07438·Morris County

Estimated market value

$808,803

high confidence

range $721,682 – $895,925

Assessment-implied: $2,240,534; Equalization ratio 0.6972 (2025)
Comparable sales: 2 (below threshold)

Based on 2 comparable sales

Address	Sold	Price
5701 Berkshire Valley Rd	6/14/2024	$500,000
694 St Rt 15 S	5/29/2024	$6,250,000

Last sale

$490,000

9/22/2023

3 other properties share this owner's mailing address.View portfolio →

Property

Type

Commercial

Tax class

Commercial

Year built

2004

Building size

—

Lot size

1.10 ac

Land description

1.097 AC

Building description

2SCB

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$1,562,100

Land value

$262,100

Improvement value

$1,300,000

Last year's tax

$46,894

Sale on tax record

$1

Deed date

9/25/2021

Zoning

C-1· Commercial

Typically allows retail, offices, and other businesses.

Facility

MILTON INN

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Owner name and mailing address are available on Pro.

Sales history

8/28/2023$490,000
2/2/2023$326,000
9/25/2021$1
Bk 24558 / Pg 1467
9/24/2021$1
Bk 24304 / Pg 1195
4/28/2020$420,000
11/12/1991$0
Bk 3534 / Pg 208

Date	Price	Book / Page
8/28/2023	$490,000	—
2/2/2023	$326,000	—
9/25/2021	$1	24558 / 1467
9/24/2021	$1	24304 / 1195
4/28/2020	$420,000	—
11/12/1991	$0	3534 / 208

Deeds

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Properties on Ridge Road

Properties on Block 453

Frequently asked

When was 3 Ridge Road, Jefferson, NJ 07438 last sold?: 3 Ridge Road, Jefferson, NJ 07438 last sold in 2023 for $490,000.
What is the assessed value of 3 Ridge Road, Jefferson, NJ 07438?: 3 Ridge Road, Jefferson, NJ 07438 is assessed at $1,562,100 (land plus improvements).
What is 3 Ridge Road, Jefferson, NJ 07438 worth?: Our model estimates 3 Ridge Road, Jefferson, NJ 07438 at $808,803, based on comparable recorded sales nearby.
What kind of property is 3 Ridge Road, Jefferson, NJ 07438?: It is a Commercial Property.

Parcel ID1414·block 453·lot 5