NOT LISTED FOR SALE

36 Lathrop Ave Madison, NJ 07940

Estimated Value: $1,381,000 - $1,828,000

4 Beds
5 Baths
3,800 Sq Ft
$430/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $1,237,500 $326 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $10,489/month

76 Days on Market

Highlights

  • Custom Home
  • Deck
  • Wood Flooring
  • Torey J. Sabatini School Rated A
  • Recreation Room
  • High Ceiling

About This Home

As of June 2021

Come relax in this perfectly designed new custom built home conveniently located in the Orchard Section and close to the mid-town direct train and downtown Madison. Voted #1 Town to live in NJ! Stunning bright new construction, move-in ready. 4 BR/3 FB, 2 HB, 2nd floor bonus area can be used as den/study or office. Finished 3rd-floor to use as inlaw/nanny/suite/office. Warm wood floors throughout, custom true divided light windows & upgraded trim package. Custom chef's kitchen with top-of-the-line appliances features an open space to the FR and dining area with gas fireplace. The front living room can also be a formal dining room. Large finished basement with high ceilings and built-in surround sound. Smart home capabilities. Beautiful landscaped front & backyard with underground irrigation.

Last Agent to Sell the Property

SHAWN SAVERCOOL

KELLER WILLIAMS METROPOLITAN Listed on: 02/19/2021

Last Buyer's Agent

KAREN TORRENTE

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,200

Year Built

  • Built in 2020

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot
  • Sprinkler System

Parking

  • 1 Car Direct Access Garage
  • Inside Entrance
  • Garage Door Opener

Home Design

  • Custom Home
  • Colonial Architecture
  • Composition Shingle Roof
  • Siding
  • Composite Building Materials
  • Tile

Interior Spaces

  • 3,800 Sq Ft Home
  • Sound System
  • High Ceiling
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Storage Room
  • Laundry Room
  • Utility Room

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Separate Shower

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Porch

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Two Cooling Systems Mounted To A Wall/Window
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2317-04309-0000-00002-0002-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,200

Year Built

Built in 2020

Lot Details

0

Parking

1

Listing Details

  • Style: Custom Home, Colonial
  • Primary Style: Custom Home
  • Subproperty Type: Single Family
  • Year Built: 2020
  • Year Built Description: Standing
  • County Name: Morris
  • Street Number Display: 36
  • Directions: 78 W and NJ-24 W to NJ-124 W/Morris; Take exit 7 B-A from NJ-24 W, Continue on NJ-124 W/Main St. Take Woodland Rd to Gibbons to Lathrop Ave
  • I D: 5048370
  • Modified: 2022-06-19
  • Number Images: 24
  • Section Subdiv Development: Orchard Section
  • First Name: SHAWN
  • First Name3: KAREN
  • Last Name: SAVERCOOL
  • Last Name3: TORRENTE
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Laminate, Tile, Wood
  • Fireplace Description: Family Room, Gas Fireplace
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Sump Pump
  • Interior Amenities: Carbon Monoxide Detector, High Ceilings, Smoke Detector, Stereo System, Walk-In Closet
  • Number Rooms: 10
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Third
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 3.20
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished, Full
  • Basement Level Rooms: Bath(s) Other, Rec Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Den Level: Second
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar
  • Kitchen Dim: 14x12
  • Kitchen Level: First
  • Living Room Dim: 15x13
  • Living Room Level: First
  • Other Room 1: Office
  • Other Room1 Dim: 12x14
  • Other Room1 Level: Third
  • Other Room 2: Rec Room
  • Other Room2 Dim: 18x30
  • Other Room2 Level: Basement
  • Other Room 3: Storage Room
  • Other Room3 Dim: 13x15
  • Other Room3 Level: Basement
  • Other Room 4: Rec Room
  • Level 1 Rooms: Dining Room, Family Room, GarEnter, InsdEntr, Kitchen, Living Room, Pantry, Porch, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath(s) Other, Den, Laundry Room
  • Level 3 Rooms: 1 Bedroom, Bath(s) Other, Office, Storage Room
  • Estimated Sq Ft: 3800
  • Phone: 973-539-1120

Exterior Features

  • Exterior Description: Composition Siding
  • Exterior Features: Deck, Open Porch(es), Sidewalk, Underground Lawn Sprinkler
  • Roof Description: Composition Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener, InEntrnc
  • Number Garage Spaces: 1
  • Number Parking Spaces: 2
  • Parking Driveway Description: Blacktop

Utilities

  • Cooling: 2 Units, Multi-Zone Cooling
  • Fuel Type: Electric, Gas-Natural
  • Heating: 2 Units, Multi-Zone
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Home Warranty: Yes

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: 50x150
  • Assessed Improvement Value: 10000
  • Assessed Land Value: 300800
  • Assessment: 310800
  • Lot Description: Level Lot
  • Lot Identifier: 2.02
  • Lot I D Tax: *
  • Total Acres: 0.17

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Street Number Tax: *
  • Tax Amount: 6200
  • Assessor Parcel Number: 2317-04309-0000-00002-0002-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.005
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: Torey J.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2021
Closed on
Jun 7, 2021
Sold by
36 Lathrop Avenue Llc
Bought by
Scalza Tara M and Reynolds Nicholas Johanneck
Seller's Agent
SHAWN SAVERCOOL
KELLER WILLIAMS METROPOLITAN
Buyer's Agent
KAREN TORRENTE
COLDWELL BANKER REALTY
List Price
$1,299,999
Sold Price
$1,237,500
Premium/Discount to List
-$62,499
-4.81%
Current Estimated Value
$1,632,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$394,801
Avg. Annual Appreciation
6.83%
Original Mortgage
$990,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2020
Sold by
Bubb Michael S and Bubb Patricia K
Bought by
36 Lathrop Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 22, 2019
Sold by
Bubb Michael S and Bubb Patricia K
Bought by
Bubb Michael S and Bubb Patricia K

Purchase Details

Closed on
May 28, 2004
Sold by
Bubb Michael
Bought by
Bubb Michael and Bubb Patricia
Source: Public Records

Range of Values:

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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
Scalza Tara M $1,237,500 Realsafe Title Llc
36 Lathrop Avenue Llc -- None Available
Bubb Michael S -- None Available
Bubb Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scalza Tara M $91,600
Previous Owner Scalza Tara M $990,000
Previous Owner 36 Lathrop Avenue Llc $1,300,000
Previous Owner 36 Lathrop Avenue Llc $1,350,000
Previous Owner Bubb Michael S $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $1,237,500 -2.9% $326 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/25/2021 04/25/21 Price Changed $1,275,000 -1.9% $336 / Sq Ft
03/08/2021 03/08/21 For Sale $1,299,999 +5.1% $342 / Sq Ft
03/01/2021 03/01/21 Off Market $1,237,500 -- --
02/19/2021 02/19/21 For Sale $1,299,999 -- $342 / 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 $19,967 $937,400 $300,800 $636,600
2024 $19,301 $937,400 $300,800 $636,600
2023 $19,301 $937,400 $300,800 $636,600
2022 $6,297 $937,400 $300,800 $636,600
2021 $6,297 $310,800 $300,800 $10,000
2020 $6,232 $310,800 $300,800 $10,000
2019 $9,877 $512,600 $318,200 $194,400
2018 $9,780 $512,600 $318,200 $194,400
2017 $9,780 $512,600 $318,200 $194,400
2016 $9,611 $512,600 $318,200 $194,400
2015 $9,432 $512,600 $318,200 $194,400
2014 $9,114 $512,600 $318,200 $194,400
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    SHAWN SAVERCOOL

    KELLER WILLIAMS METROPOLITAN

  • K

    Buyer's Agent in 2021

    KAREN TORRENTE

    COLDWELL BANKER REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3693081

Garden State MLS

APN: 17-04309-0000-00002

New Jersey Morris County Madison 07940

36 Lathrop Ave, Madison, NJ

This home is located at 36 Lathrop Ave, Madison, NJ 07940 since 19 February 2021 and is currently estimated at $1,632,301, approximately $429 per square foot. This property was built in 2020. 36 Lathrop 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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