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2 Saddle Road

Hanover, NJ 07927·Morris County

Estimated market value

$3,471,321

moderate confidence

range $2,950,623 – $3,992,020

Assessment-implied: $3,471,321; Equalization ratio 0.6939 (2025)
Comparable sales: 4 (below threshold)

Based on 4 comparable sales

Address	Sold	Price
238 Ridgedale Ave	1/4/2026	$5,375,000
48 So Jefferson Rd	10/21/2025	$8,200,000
255 Cedar Knolls Rd	6/26/2025	$1,900,000
717 Route 10	10/9/2024	$723,250

Last sale

$2,900,000

3/13/2018

1 other property share this owner's mailing address.View portfolio →

Property

Type

Commercial

Tax class

Commercial

Year built

1965

Building size

14,765 sq ft

Lot size

2.05 ac

Land description

2.05 AC

Building description

1SCB OFFICE

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$1,875,000

Land value

$596,300

Improvement value

$1,278,700

Last year's tax

$40,144

Sale on tax record

$2,900,000

Deed date

3/9/2018

Zoning

I· Industrial

Typically allows manufacturing, warehouses, and similar uses.

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Owner name and mailing address are available on Pro.

Sales history

3/9/2018$2,900,000
Bk 23309 / Pg 441
6/20/2002$1,000,000
Bk 5644 / Pg 55
11/10/2000$1
Bk 5288 / Pg 44

Date	Price	Book / Page
3/9/2018	$2,900,000	23309 / 441
6/20/2002	$1,000,000	5644 / 55
11/10/2000	$1	5288 / 44

Deeds

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Properties on Saddle Road

Properties on Block 701

Frequently asked

When was 2 Saddle Road, Hanover, NJ 07927 last sold?: 2 Saddle Road, Hanover, NJ 07927 last sold in 2018 for $2,900,000.
What is the assessed value of 2 Saddle Road, Hanover, NJ 07927?: 2 Saddle Road, Hanover, NJ 07927 is assessed at $1,875,000 (land plus improvements).
What is 2 Saddle Road, Hanover, NJ 07927 worth?: Our model estimates 2 Saddle Road, Hanover, NJ 07927 at $3,471,321, based on comparable recorded sales nearby.
What kind of property is 2 Saddle Road, Hanover, NJ 07927?: It is a Commercial Property.

Parcel ID1412·block 701·lot 12