$1,950,000
SOLD JAN 31, 2025

31 Academy Rd Madison, NJ 07940

5 Beds
5 Baths
-- Sq Ft
9,148 Sq Ft Lot

Recently Sold

2% Below List Price

18 Days on Market

About This Home

As of January 2025

This home is located at 31 Academy Rd, Madison, NJ 07940 and is currently priced at $1,950,000. 31 Academy Rd is a home located in Morris County with nearby schools including Torey J. Sabatini School, Madison Junior School, and Madison High School.

Last Agent to Sell the Property

Zander Oldendorp

COMPASS NEW JERSEY, LLC Brokerage Phone: 973-310-6816 Listed on: 10/30/2024

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

Deirdre MAHANEY

PROMINENT PROPERTIES SIR

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,760

Lot Details

  • 9,148 Sq Ft Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,760

Lot Details

0

Listing Details

  • County Name: Morris
  • Street Number Display: 31
  • I D: 5321596
  • Modified: 2025-02-03
  • Number Images: 0
  • Attribution Contact: 973-310-6816
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 4.10

Lot Info

  • Lot Size: 80X110 AV
  • Total Acres: 0.21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2024
Closed on
Jan 30, 2025
Sold by
31 Academy Road Llc
Bought by
Melnyk Joseph J and Sumas Abigail Olga
Seller's Agent
Zander Oldendorp
COMPASS NEW JERSEY, LLC
Buyer's Agent
Deirdre MAHANEY
PROMINENT PROPERTIES SIR
List Price
$1,995,000
Sold Price
$1,950,000
Premium/Discount to List
-$45,000
-2.26%
Views
36
Current Estimated Value
$1,923,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,980
Avg. Annual Appreciation
-2.23%
Original Mortgage
$440,000
Outstanding Balance
$437,739
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$1,487,393

Purchase Details

Listed on
Oct 30, 2024
Closed on
Jan 27, 2025
Sold by
Drew University
Bought by
31 Academy Road Llc
Seller's Agent
Zander Oldendorp
COMPASS NEW JERSEY, LLC
Buyer's Agent
Deirdre MAHANEY
PROMINENT PROPERTIES SIR
List Price
$1,995,000
Sold Price
$1,950,000
Premium/Discount to List
-$45,000
-2.26%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Outstanding Balance
$437,739
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$1,487,393

Purchase Details

Closed on
Jan 30, 2024
Sold by
Hermance Brett
Bought by
31 Academy Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2014
Sold by
Torzewski Thomas N
Bought by
Hermance Brett
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $1,950,000 Green Hill Title
Bargain Sale Deed $1,950,000 Green Hill Title
Deed -- None Listed On Document
Deed $710,000 None Listed On Document
Deed -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $440,000 New Conventional
Closed $440,000 New Conventional
Previous Owner $1,100,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $1,950,000 -2.3% --
11/19/2024 11/19/24 Pending -- -- --
11/01/2024 11/01/24 For Sale $1,995,000 -- --
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
2024 $13,760 $668,300 $429,000 $239,300
2023 $13,760 $668,300 $429,000 $239,300
2022 $13,540 $668,300 $429,000 $239,300
2021 $13,540 $668,300 $429,000 $239,300
2020 $13,399 $668,300 $429,000 $239,300
2019 $13,186 $668,300 $429,000 $239,300
2018 $12,851 $668,300 $429,000 $239,300
2017 $12,751 $668,300 $429,000 $239,300
2016 $12,531 $668,300 $429,000 $239,300
2015 $12,297 $668,300 $429,000 $239,300
2014 $11,882 $668,300 $429,000 $239,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3931887

Garden State MLS

APN: 17-03001-0000-00062