$355,000
SOLD MAY 15, 2025

400 W Madison Ave Magnolia, NJ 08049

4 Beds
2 Baths
2,208 Sq Ft
0.32 Acres

Recently Sold

$161 Per Sq Ft

4% Above List Price

11 Days on Market

Highlights

  • 0.32 Acre Lot
  • No HOA
  • Oversized Parking
  • Colonial Architecture
  • 1 Car Detached Garage
  • 5-minute walk to Albertson Memorial Park

About This Home

As of May 2025

MULTIPLE OFFERS HAVE BEEN RECEIVED. SELLER IS REQUESTING ALL HIGHEST AND BEST OFFERS BE SUBMITTED BY TUESDAY, 4/15 at 7:00 PM. THANK YOU!HOT ON THE MARKET with character galore is this 4-bedroom / 2-full bathroom home in Magnolia, NJ! This well-maintained home features a large covered sunroom, a classic floorplan, with spacious bedrooms and a huge walk-up attic that will make your imagination run wild. This home is being sold in conjunction with the two large adjacent lots that connect the home along the long walkway that leads to the oversized detached garage. Located just a few minutes from all major highways for quick access to Philadelphia and all Jersey shore points. This property has so much to offer and is a MUST SEE!

Last Agent to Sell the Property

Cordell Boyd

Coldwell Banker Realty License #1540814 Listed on: 04/05/2025

Coldwell Banker Realty

Last Buyer's Agent

Kelly Sommeling

Prime Realty Partners License #1756908

Prime Realty Partners

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,285

Year Built

  • Built in 1918

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 70.00 x 200.00

Parking

  • 1 Car Detached Garage
  • Oversized Parking
  • Garage Door Opener
  • Driveway
  • On-Street Parking

Home Design

  • Colonial Architecture
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 2,208 Sq Ft Home
  • Property has 3.5 Levels
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Central Air
  • Window Unit Cooling System
  • Radiator
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00011
  • Assessor Parcel Number 23-00002 16-00011

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,285

Year Built

Built in 1918

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2025-04-05
  • Year Built: 1918
  • Automatically Close On Close Date: No
  • Remarks Public: MULTIPLE OFFERS HAVE BEEN RECEIVED. SELLER IS REQUESTING ALL HIGHEST AND BEST OFFERS BE SUBMITTED BY TUESDAY, 4/15 at 7:00 PM. THANK YOU! HOT ON THE MARKET with character galore is this 4-bedroom / 2-full bathroom home in Magnolia, NJ! This well-maintained home features a large covered sunroom, a classic floorplan, with spacious bedrooms and a huge walk-up attic that will make your imagination run wild. This home is being sold in conjunction with the two large adjacent lots that connect the home along the long walkway that leads to the oversized detached garage. Located just a few minutes from all major highways for quick access to Philadelphia and all Jersey shore points. This property has so much to offer and is a MUST SEE!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Slab
  • Levels Count: 3.5
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2208
  • Living Area Sq Ft: 2208
  • Price Per Sq Ft: 153.94
  • Above Grade Finished Sq Ft: 2208
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 400

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Oversized, Covered Parking, Garage Door Opener
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway, On Street, Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: MAGNOLIA BOROUGH PUBLIC SCHOOLS
  • School District Key: 300200396856
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.32
  • Lot Dimensions: 70.00 x 200.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14000.00
  • Year Assessed: 2024
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 9285.00
  • Assessor Parcel Number: 23-00002 16-00011
  • Tax Lot: 00011
  • Tax Total Finished Sq Ft: 2208
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 05/15/2025

MLS Schools

  • School District Name: MAGNOLIA BOROUGH PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2025
Closed on
May 15, 2025
Sold by
Merulla Sheila L and Merulla Michael A
Bought by
Carpenter Matthew and Carpenter Alicia
Seller's Agent
Cordell Boyd
Coldwell Banker Realty
Buyer's Agent
Kelly Sommeling
Prime Realty Partners
List Price
$339,900
Sold Price
$355,000
Premium/Discount to List
$15,100
4.44%
Views
223
Current Estimated Value
$352,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,635
Avg. Annual Appreciation
-7.00%
Original Mortgage
$319,500
Outstanding Balance
$319,218
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$28,637
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Bargain Sale Deed $355,000 None Listed On Document
Bargain Sale Deed $355,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $319,500 New Conventional
Closed $319,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 Sold $355,000 +4.4% $161 / Sq Ft
04/17/2025 04/17/25 Pending -- -- --
04/05/2025 04/05/25 For Sale $339,900 -- $154 / Sq Ft
Source: Bright 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 $9,285 $193,400 $51,100 $142,300
2024 $9,059 $193,400 $51,100 $142,300
2023 $9,059 $193,400 $51,100 $142,300
2022 $8,823 $193,400 $51,100 $142,300
2021 $7,897 $193,400 $51,100 $142,300
2020 $8,571 $193,400 $51,100 $142,300
2019 $8,409 $193,400 $51,100 $142,300
2018 $8,239 $193,400 $51,100 $142,300
2017 $7,999 $193,400 $51,100 $142,300
2016 $7,775 $193,400 $51,100 $142,300
2015 $7,256 $190,300 $51,100 $139,200
2014 $7,031 $190,300 $51,100 $139,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD2089066

Bright MLS

APN: 23-00002-16-00011