NOT LISTED FOR SALE

126 Madison Ave Madison, NJ 07940

Estimated Value: $1,018,000 - $1,265,657

5 Beds
3 Baths
2,323 Sq Ft
$502/Sq Ft Est. Value

Last Sold April 17, 2017

Last sale price $529,000 $228 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $7,310/month

216 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Wood Flooring
  • Torey J. Sabatini School Rated A
  • Recreation Room
  • Main Floor Bedroom

About This Home

As of April 2017

Spacious 5BR, 3bth Colonial has enormous potential for the buyer looking to live in Madison! First floor Master or in-law suite with BR, full bth and outside access. Living Room, Dining Room with fireplace, Family Room and eat in Kitchen with new stove top & wall oven complete the first level. Four additional bedrooms and 2 full baths along with attic access are on the second level. The partially finished walk out basement has a RecRoom, office or potential 6th bedroom, laundry and storage space. The large deck overlooks the private rear yard. The garage could fit 2 smaller vehicles or one larger car. Convenient location near universities, shops, restaurants and train station offering mid-town direct service to NYC. Excellent value - Excellent opportunity!

Last Agent to Sell the Property

GEORGE JENKINS

COMPASS NEW JERSEY, LLC Listed on: 09/01/2016

Last Buyer's Agent

Nancy Jean Walker

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,200

Year Built

  • Built in 1960

Lot Details

  • 0.29 Acre Lot
  • Wood Fence
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Additional Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Wood Shingle Roof

Interior Spaces

  • 2,323 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Storage Room
  • Utility Room
  • Partially Finished Basement
  • Walk-Out Basement
  • Attic

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • In-Law or Guest Suite
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Porch

Schools

  • Torey J. Elementary School
  • Madison Jr Middle School
  • Madison High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2317-03101-0000-00019-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,200

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1960
  • County Name: Morris
  • Exclusions: Refrigerator, washer and dryer are negotiable
  • Street Number Display: 126
  • Directions: Madison Avenue (Rt. 124) between Loantaka Terrace and Drew University
  • I D: 4653493
  • Modified: 2021-09-23
  • Number Images: 11
  • Section Subdiv Development: Near Drew University
  • First Name: GEORGE
  • First Name3: NANCY JEAN
  • Last Name: JENKINS
  • Last Name3: WALKER
  • Office Phone: 973-315-8180
  • Office Phone3: 908-233-2149
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Ceramic Tile, Wood
  • Fireplace Description: Dining Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: OvnWGas, CookGas, Dishwasher
  • Number Rooms: 11
  • Bedrooms: 5
  • Master Bedroom Desc: 1st Floor
  • Bedroom 1 Level: First
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Walkout, Finished-Partially
  • Basement Level Rooms: Storage Room, Rec Room, Utility Room, SeeRem, Walkout
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, Full Bath
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 19x09
  • Kitchen Level: First
  • Living Room Dim: 17x24
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 10x10
  • Other Room1 Level: Second
  • Other Room 2: Rec Room
  • Other Room2 Dim: 25x21
  • Other Room2 Level: Basement
  • Other Room 3: Bedroom/Office
  • Other Room3 Dim: 12x14
  • Other Room3 Level: Basement
  • Level 1 Rooms: 1 Bedroom, Bath(s) Other, Family Room, Kitchen, Foyer, Dining Room, Living Room
  • Level 2 Rooms: Bath(s) Other, 4 Or More Bedrooms, Bath Main
  • Level 3 Rooms: Attic
  • Estimated Sq Ft: 2323
  • Phone: 973-539-6300

Exterior Features

  • Exterior Description: Brick, Wood Shingle
  • Exterior Features: Deck, Open Porch(es), Wood Fence
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: 2 Car Width, Additional Parking, Blacktop

Utilities

  • Cooling: Ceiling Fan, Central Air, Window A/C(s)
  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: Torey J.
  • Middle School: Madison Jr
  • High School: Madison
  • High School: Madison
  • Middle Jr High School: Madison Jr

Lot Info

  • Lot Size: 84X150
  • Assessed Improvement Value: 323300
  • Assessed Land Value: 326700
  • Assessment: 650000
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 19
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.29
  • Zoning: Residential

Tax Info

  • Tax Acres: *
  • Assessed Land Value: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 12200
  • Assessor Parcel Number: 2317-03101-0000-00019-0000-
  • Tax Rate Amount: 1.840
  • Tax Rate Tax: *
  • Tax Rate Year: 2015
  • Tax Year Tax: *
  • Tax Year: 2015

MLS Schools

  • Grade School: Torey J.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2016
Closed on
Apr 10, 2017
Sold by
King Baldwin and King Cheryl L
Bought by
Cardenas Elizabeth R and Mahoney Timothy S
Seller's Agent
GEORGE JENKINS
COMPASS NEW JERSEY, LLC
Buyer's Agent
Nancy Jean Walker
COLDWELL BANKER REALTY
List Price
$599,000
Sold Price
$529,000
Premium/Discount to List
-$70,000
-11.69%
Current Estimated Value
$1,165,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$636,664
Avg. Annual Appreciation
10.46%
Original Mortgage
$511,344
Interest Rate
4.37%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cardenas Elizabeth R $529,000 Nuco Title Ins Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahoney Timothy S $772,500
Closed Mahoney Timothy S $525,600
Closed Cardenas Elizabeth R $511,344
Previous Owner King Baldwin A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2017 04/17/17 Sold $529,000 -11.7% $228 / Sq Ft
04/05/2017 04/05/17 Pending -- -- --
09/01/2016 09/01/16 For Sale $599,000 -- $258 / Sq Ft
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

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 $13,845 $650,000 $326,700 $323,300
2024 $13,384 $650,000 $326,700 $323,300
2023 $13,384 $650,000 $326,700 $323,300
2022 $13,169 $650,000 $326,700 $323,300
2021 $13,169 $650,000 $326,700 $323,300
2020 $13,033 $650,000 $326,700 $323,300
2019 $12,825 $650,000 $326,700 $323,300
2018 $12,500 $650,000 $326,700 $323,300
2017 $12,402 $650,000 $326,700 $323,300
2016 $15,150 $808,000 $326,700 $481,300
2015 $14,867 $808,000 $326,700 $481,300
2014 $14,366 $808,000 $326,700 $481,300
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2017

    GEORGE JENKINS

    COMPASS NEW JERSEY, LLC

  • Nancy Jean Walker

    Buyer's Agent in 2017

    Nancy Jean Walker

    COLDWELL BANKER REALTY

    (908) 310-6565

    1 in this area

    29 Total Sales

    Nancy Jean Walker
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3332796

Garden State MLS

APN: 17-03101-0000-00019

New Jersey Morris County Madison 07940

126 Madison Ave, Madison, NJ

This home is located at 126 Madison Ave, Madison, NJ 07940 since 01 September 2016 and is currently estimated at $1,165,664, approximately $501 per square foot. This property was built in 1960. 126 Madison Ave is a home located in Morris County with nearby schools including Torey J. Sabatini School, Madison Junior School, and Madison High School.

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