NOT LISTED FOR SALE

40 Prospect St Madison, NJ 07940

Madison Area

Estimated Value: $2,044,000 - $2,796,231

6 Beds
5.5 Baths
900 Sq Ft
$2,730/Sq Ft Est. Value

Sale Details

Date Sold: February 9, 2023

Last sale price $2,150,000 $2,389 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $15,880 / mo

9 Days on Market

Highlights

  • Colonial Architecture
  • 3-minute walk to Madison
  • Recreation Room
  • Torey J. Sabatini School Rated A
  • Deck
  • Wood Flooring

About This Home

As of February 2023

SPECTACULAR 6 BEDROOM AND 5.1 BATH NEW CONSTRUCTION ON MADISON HILL BY LOCAL BUILDER W.P LLOYD CUSTOM HOMES. This true "in-town" location is a block from town and surrounded by beautiful homes in the historic and charming Tuttle Oak District. This gracious home features custom moldings and finishes, high ceilings, hardwood floors, and wonderful flow throughout the bright and open floor-plan. The gourmet kitchen has high-end chef appliances, large Quartz center island, walk-in pantry and butlers galley. Bright eat-in area opens to the great room with coffered ceiling, gas fireplace and sliders to the deck overlooking landscaped yard. Elegant foyer, living and dining rooms offer an abundance of space to entertain. Primary retreat features a spa shower, radiant floors & double walk-in closets. 3 additional en-suite bedrooms and a pretty laundry room finish off the second floor. Fabulous 3rd floor with bonus room and BR/office w/full bath. Walk-out basement features a large rec room and versatile BR/office/gym with full bath; mudroom with built-in cubbies and access to oversized garage. WALK TO EVERYTHING THAT MADE NJ MONTHLY NAME MADISON THE #1 TOWN TO LIVE IN...charming downtown with wonderful restaurants/bars; easy NYC/Hoboken trains; wonderful shops; parks & top-ranked schools. This efficient turn-key home is ready to move in and comes with builders warranty. COME TOUR 40 PROSPECT STREET TO APPRECIATE ALL OF THE AMAZING FEATURES AND DETAILS!

Last Agent to Sell the Property

KATHLEEN BOYD

KL SOTHEBY'S INT'L. REALTY Brokerage Phone: 973-713-0120 Listed on: 01/11/2023

Co-Listed By

MARYBETH ECKHARDT

KL SOTHEBY'S INT'L. REALTY Brokerage Phone: 973-713-0120

Last Buyer's Agent

Jane McGuire

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,236

Year Built

  • Built in 2022

Lot Details

  • 7,841 Sq Ft Lot
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Tuck Under Garage

Home Design

  • Colonial Architecture
  • Asphalt Shingled Roof
  • Wood Shingle Roof

Interior Spaces

  • Wet Bar
  • Central Vacuum
  • Sound System
  • High Ceiling
  • Gas Fireplace
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Gas Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Garage Access
  • Bedroom in Basement

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2317-03803-0000-00006-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,236

Year Built

Built in 2022

Lot Details

7,841 Sq Ft Lot

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2022
  • Year Built Description: Standing
  • County Name: Morris
  • Directions: Main Street or Woodland to Prospect
  • I D: 5197724
  • Section Subdiv Development: The Hill
  • First Name: KATHLEEN
  • First Name2: MARYBETH
  • First Name3: JANE
  • Last Name: BOYD
  • Last Name2: ECKHARDT
  • Last Name3: MCGUIRE
  • Office Phone2: 973-377-7785
  • Office Phone3: 201-445-4300
  • Attribution Contact: 973-713-0120
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Tile, Vinyl-Linoleum, Wood
  • Fireplace Description: Gas Fireplace
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Central Vacuum, CookGas, Dishwasher, Dryer, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Washer, WineRefr
  • Interior Amenities: Bar-Wet, Carbon Monoxide Detector, Fire Alarm Sys, Fire Extinguisher, High Ceilings, Security System, Smoke Detector, StallShw, Stereo System, TubShowr, Walk-In Closet
  • Bedrooms: 6
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 5.10
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Walkout
  • Basement Level Rooms: 1 Bedroom, Bath Main, GarEnter, MudRoom, Rec Room, Utility Room, Walkout
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen, Pantry, Separate Dining Area
  • Kitchen Dim: 16x15
  • Kitchen Level: First
  • Living Room Dim: 16x15
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 15x12
  • Other Room1 Level: Third
  • Other Room 2: Office
  • Other Room2 Dim: 17x10
  • Other Room2 Level: Third
  • Other Room 3: Rec Room
  • Other Room3 Dim: 24x18
  • Other Room3 Level: Basement
  • Other Room 4: Bedroom
  • Other Room4 Dim: 15x12
  • Other Room4 Level: Basement
  • Level 1 Rooms: Dining Room, Family Room, Foyer, Kitchen, Living Room, Pantry, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: 1 Bedroom, Bath(s) Other, Den, Office
  • Phone: 973-377-7785

Exterior Features

  • Exterior Description: Wood Shingle
  • Exterior Features: Deck, Sidewalk, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Under
  • Number Garage Spaces: 2
  • Number Parking Spaces: 4
  • Parking Driveway Description: 2 Car Width

Utilities

  • Cooling: 4 Units, Multi-Zone Cooling
  • Fuel Type: Gas-Natural
  • Heating: 4 Units, Multi-Zone
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Home Warranty: Yes

Schools

  • High School: Madison
  • Middle Jr High School: Madison Jr

Lot Info

  • Lot Size: 80X100
  • Lot Description: Level Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.18
  • Zoning: res

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 12236
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2317-03803-0000-00006-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.054
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2022

MLS Schools

  • Grade School: Torey J.

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Feb 6, 2023
Sold by
Bought by
Seller's Agent
KATHLEEN BOYD
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
Jane McGuire
COLDWELL BANKER REALTY
List Price
$1,998,000
Sold Price
$2,150,000
Premium/Discount to List
$152,000
7.61%
Views
38
Current Estimated Value
$2,456,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,744
Avg. Annual Appreciation
3.85%

Purchase Details

Closed on
Oct 17, 2022
Sold by
Bought by

Purchase Details

Closed on
Mar 22, 2021
Sold by
Bought by

Purchase Details

Closed on
Mar 17, 2013
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,150,000 Surety Title
-- Chicago Title
$575,000 Simplicity Title Llc
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/09/2023 02/09/23 Sold $2,150,000 +7.6% $2,389 / Sq Ft
01/20/2023 01/20/23 Pending -- -- --
01/11/2023 01/11/23 For Sale $1,998,000 -- $2,220 / Sq Ft
Source: Garden State MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $28,529 $1,339,400 $400,000 $939,400
2025 $28,529 $1,339,400 $400,000 $939,400
2024 $12,265 $1,339,400 $400,000 $939,400
2023 $12,265 $595,700 $400,000 $195,700
2022 $12,062 $595,700 $400,000 $195,700
2021 $12,062 $595,700 $400,000 $195,700
2020 $11,944 $595,700 $400,000 $195,700
2019 $11,753 $595,700 $400,000 $195,700
2018 $11,455 $595,700 $400,000 $195,700
2017 $11,366 $595,700 $400,000 $195,700
2016 $11,169 $595,700 $400,000 $195,700
2015 $10,961 $595,700 $400,000 $195,700
2014 $10,592 $595,700 $400,000 $195,700
Source: Public Records

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Map

Source: Garden State MLS

MLS Number: 3824010

Garden State MLS

APN: 17-03803-0000-00006

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