NOT LISTED FOR SALE

196 Park Ave Madison, NJ 07940

Estimated Value: $791,000 - $943,000

3 Beds
3 Baths
1,737 Sq Ft
$507/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $700,000 $403 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,770/month

19 Days on Market

About This Home

As of March 2023

Whether you are a first-time homebuyer, downsizing, or upsizing from a condo, you need to visit this smartly renovated home. Old marries new; while this tudor-style stucco home fits right into the charm of Madison and offers a classic, solid construction, you will be impressed by the interior. Recently renovated to fit today's lifestyle. This home offers you an open floor plan in the living areas with a half bath in the foyer, modern amenities along with 3 bedrooms and a full bath on the second level, and a finished basement with another full bath. No need to worry about the HVAC system, roof, and gutters-they have already been replaced. A detached 2 car garage is tucked in the rear of your tranquil backyard. Enjoy all this while being a short distance to NYC trains, major highways, universities, corporations, Morristown Medical Center, and a choice of vibrant downtowns. This home is surrounded by a vast amount of entertainment and outdoor activities. Hope you see it soon!

Last Agent to Sell the Property

ELIZABETH NAUMOV

LIBERTY REALTY, LLC. Listed on: 01/26/2023

LIBERTY REALTY, LLC.

Last Buyer's Agent

Fred Wynne

WEICHERT REALTORS

WEICHERT REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,802

Year Built

  • Built in 1929

Lot Details

  • 9,583 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,802

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Year Built: 1929
  • County Name: Morris
  • Street Number Display: 196
  • I D: 5200551
  • Modified: 2024-03-18
  • Attribution Contact: 973-377-4460
  • MLS Status: Sold
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 2022

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.10

Lot Info

  • Lot Size: 75X130
  • Total Acres: 0.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Mar 17, 2023
Sold by
Woar Llc
Bought by
Hall Susanna E
Seller's Agent
ELIZABETH NAUMOV
LIBERTY REALTY, LLC.
Buyer's Agent
Fred Wynne
WEICHERT REALTORS
List Price
$695,000
Sold Price
$700,000
Premium/Discount to List
$5,000
0.72%
Views
134
Current Estimated Value
$880,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,180
Avg. Annual Appreciation
9.80%
Original Mortgage
$560,000
Outstanding Balance
$543,019
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$337,161

Purchase Details

Listed on
Feb 1, 2022
Closed on
Feb 25, 2022
Sold by
Michael Riccone
Bought by
Woar Llc
Seller's Agent
BERNADETTE SUSSMAN
KELLER WILLIAMS REALTY
Buyer's Agent
CHRISTINA JULIANO
WEICHERT REALTORS
List Price
$549,000
Sold Price
$525,000
Premium/Discount to List
-$24,000
-4.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.87%

Purchase Details

Closed on
Aug 31, 2021
Sold by
Bass Jeanne
Bought by
Riccone Michael

Purchase Details

Closed on
Oct 3, 2007
Sold by
Bass Robert J
Bought by
Bass Robert J and Bass Jeanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.39%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold 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
Hall Susanna E $700,000 Old Republic Title
Woar Llc $525,000 Fidelity National Title
Riccone Michael $375,000 Green Hill Title
Bass Robert J -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Susanna E $560,000
Previous Owner Bass Jeanne $200,000
Previous Owner Bass Robert J $150,000
Previous Owner Bass Robert J $165,000
Previous Owner Bass Robert J $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2023 03/17/23 Sold $700,000 +0.7% $403 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $695,000 +32.4% $400 / Sq Ft
03/01/2022 03/01/22 Sold $525,000 -4.4% $302 / Sq Ft
02/14/2022 02/14/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $549,000 -- $316 / 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 $11,802 $554,100 $266,100 $288,000
2024 $10,717 $554,100 $266,100 $288,000
2023 $10,717 $520,500 $266,100 $254,400
2022 $9,801 $520,500 $266,100 $254,400
2021 $9,801 $520,500 $266,100 $254,400
2020 $10,436 $520,500 $266,100 $254,400
2019 $10,269 $520,500 $266,100 $254,400
2018 $10,009 $520,500 $266,100 $254,400
2017 $9,931 $520,500 $266,100 $254,400
2016 $9,759 $520,500 $266,100 $254,400
2015 $9,577 $520,500 $266,100 $254,400
2014 $9,254 $520,500 $266,100 $254,400
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    ELIZABETH NAUMOV

    LIBERTY REALTY, LLC.

    (973) 775-2890

    2 in this area

    6 Total Sales

    ELIZABETH NAUMOV
    Section Image
  • Fred Wynne

    Buyer's Agent in 2023

    Fred Wynne

    WEICHERT REALTORS

    (973) 885-6453

    2 in this area

    48 Total Sales

    Fred Wynne
    Section Image

  • B

    Seller's Agent in 2022

    BERNADETTE SUSSMAN

    KELLER WILLIAMS REALTY

  • C

    Buyer's Agent in 2022

    CHRISTINA JULIANO

    WEICHERT REALTORS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3826127

Garden State MLS

APN: 17-00311-0000-00016

New Jersey Morris County Madison 07940

196 Park Ave, Madison, NJ

This home is located at 196 Park Ave, Madison, NJ 07940 since 26 January 2023 and is currently estimated at $880,180, approximately $506 per square foot. This property was built in 1929. 196 Park Ave is a home located in Morris County with nearby schools including Central Avenue School, Madison Junior School, and Madison High School.

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