NOT LISTED FOR SALE

5 Independence Ct Madison, NJ 07940

Estimated Value: $1,757,000 - $2,104,000

6 Beds
4.5 Baths
-- Sq Ft
0.38 Acres

Last Sold November 20, 2020

Last sale price $1,460,000

Est. 42% increase in value since last sale

Current estimated payment $13,212/month

127 Days on Market

Highlights

  • Sitting Area In Primary Bedroom
  • Colonial Architecture
  • Recreation Room
  • Kings Road School Rated A
  • Great Room with Fireplace
  • Wood Flooring

About This Home

As of November 2020

Gracious and updated 5/6 bedroom home on quiet cut-de-sac on Madison Hill! Grand foyer welcomes you to this beautiful home w hardwood floors and architectural detail throughout. Beautiful formal dining room and living rooms; wonderful library/office; gourmet kitchen w lg island, high-end appliances, pantry; GREAT ROOM off kitchen with fireplace, french doors to spectacular patio overlooking gardens and private yard. Second floor w master suite has NEW spa-like bath and beautiful sitting room. 4 additional bedrooms and 2 new gorgeous full baths round out the large 2nd floor. Lower level has rec room, exercise/bedroom with full bath, walk-out mudroom, playroom, laundry, storage & possible wine cellar. Attatched 3-car garage. Beautiful neighborhood close to town, train and school

Last Agent to Sell the Property

KATHLEEN BOYD

KL SOTHEBY'S INT'L. REALTY Listed on: 06/11/2020

Co-Listed By

MARYBETH ECKHARDT

KL SOTHEBY'S INT'L. REALTY

Last Buyer's Agent

VICTORIA S. SAMORI

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,005

Year Built

  • Built in 1995

Lot Details

  • 0.38 Acre Lot
  • Sprinkler System

Parking

  • 3 Car Attached Garage
  • Additional Parking

Home Design

  • Colonial Architecture
  • Tile

Interior Spaces

  • High Ceiling
  • Shades
  • Mud Room
  • Entrance Foyer
  • Great Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Library
  • Recreation Room
  • Workshop
  • Solarium
  • Storage Room
  • Laundry Room
  • Utility Room
  • Home Gym
  • Finished Basement
  • Walk-Out Basement
  • Attic

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • In-Law or Guest Suite
  • Soaking Tub
  • Separate Shower

Home Security

  • Intercom
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Porch

Schools

  • Kingsroad Elementary School
  • Madison Jr Middle School
  • Madison High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Underground Utilities
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2317-04805-0000-00010-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,005

Year Built

Built in 1995

Lot Details

0

Parking

3

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1995
  • Year Built Description: Approximate
  • County Name: Morris
  • Exclusions: DR chandelier
  • Street Number Display: 5
  • Directions: Woodland to Union Hill to Independence
  • I D: 4987677
  • Modified: 2021-11-21
  • Number Images: 25
  • Section Subdiv Development: HILL
  • First Name: KATHLEEN
  • First Name2: MARYBETH
  • First Name3: VICTORIA S.
  • Last Name: BOYD
  • Last Name2: ECKHARDT
  • Last Name3: SAMORI
  • Office Phone2: 973.377.7785
  • Office Phone3: 973-377-4444
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Stone, Tile, Wood
  • Fireplace Description: Bedroom 1, Great Room
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Kitchen Exhaust Fan, Range/Oven-Gas, Refrigerator, OvnWGas
  • Interior Amenities: Fire Alarm Sys, High Ceilings, Intercom, Shades, Smoke Detector, StallShw, Walk-In Closet, Window Treatments
  • Number Rooms: 15
  • Bedrooms: 6
  • Master Bedroom Desc: Dressing Room, Fireplace, Full Bath, Sitting Room, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Walkout
  • Basement Level Rooms: Exercise Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: First
  • In Law Suite: Yes
  • Kitchen Area: Center Island, Eat-In Kitchen, Pantry, Separate Dining Area
  • Kitchen Dim: 20x28
  • Kitchen Level: First
  • Living Room Dim: 14x18
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 24x17
  • Other Room1 Level: Second
  • Other Room 2: Rec Room
  • Other Room2 Dim: 16x16
  • Other Room2 Level: Second
  • Other Room 3: Office
  • Other Room3 Dim: 11x12
  • Other Room3 Level: Ground
  • Other Room 4: Bedroom/Office
  • Other Room4 Dim: 14x15
  • Other Room4 Level: Ground
  • Other Level Rooms: Additional Bedroom
  • Level 1 Rooms: Breakfast Room, Den, Dining Room, Foyer, Great Room, Kitchen, Library, Living Room, Office, Pantry, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, SittngRm, Solarium
  • Level 3 Rooms: Attic
  • Ground Level Rooms: Exercise Room, Laundry Room, MudRoom, Rec Room, Storage Room, Utility Room, Walkout, Workshop
  • Phone: 973-377-7785

Exterior Features

  • Exterior Description: Stucco
  • Exterior Features: Curbs, Open Porch(es), Patio, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 3
  • Number Parking Spaces: 5
  • Parking Driveway Description: 2 Car Width, Additional Parking

Utilities

  • Cooling: Central Air, Multi-Zone Cooling
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Hotwater, Multi-Zone
  • Sewer: Public Sewer
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: KingsRoad
  • Middle School: Madison Jr
  • High School: Madison
  • High School: Madison
  • Middle Jr High School: Madison Jr

Lot Info

  • Lot Size: 0.376 AC
  • Assessed Improvement Value: 906200
  • Assessed Land Value: 563900
  • Assessment: 1470100
  • Easement: Unknown
  • Lot Identifier: 10
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.38
  • Zoning: res

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 29005
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2317-04805-0000-00010-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 1.973
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: KingsRoad

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Nov 19, 2020
Sold by
Romanelli Dominick and Romanelli Carol
Bought by
Martinez Michael and Martinez Laura
Seller's Agent
KATHLEEN BOYD
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
VICTORIA S. SAMORI
COLDWELL BANKER REALTY
List Price
$1,699,000
Sold Price
$1,460,000
Premium/Discount to List
-$239,000
-14.07%
Current Estimated Value
$2,069,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$609,051
Original Mortgage
$1,168,000
Outstanding Balance
$1,065,107
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Martinez Michael $1,460,000 Advantage Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Michael $449,999
Closed Martinez Michael $200,000
Open Martinez Michael $1,168,000
Previous Owner Romanelli Dominick $200,000
Previous Owner Romanelli Dominick $250,000
Previous Owner Romanelli Dominick $250,000
Previous Owner Romanelli Dominick $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2020 11/20/20 Sold $1,460,000 -5.7% --
10/16/2020 10/16/20 Pending -- -- --
09/21/2020 09/21/20 Price Changed $1,549,000 -8.8% --
06/11/2020 06/11/20 For Sale $1,699,000 -- --
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 $23,265 $1,129,900 $563,900 $566,000
2023 $23,265 $1,129,900 $563,900 $566,000
2022 $29,784 $1,470,100 $563,900 $906,200
2021 $29,784 $1,470,100 $563,900 $906,200
2020 $29,476 $1,470,100 $563,900 $906,200
2019 $29,005 $1,470,100 $563,900 $906,200
2018 $28,270 $1,470,100 $563,900 $906,200
2017 $28,050 $1,470,100 $563,900 $906,200
2016 $27,564 $1,470,100 $563,900 $906,200
2015 $27,050 $1,470,100 $563,900 $906,200
2014 $26,138 $1,470,100 $563,900 $906,200
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    KATHLEEN BOYD

    KL SOTHEBY'S INT'L. REALTY

  • M

    Seller Co-Listing Agent in 2020

    MARYBETH ECKHARDT

    KL SOTHEBY'S INT'L. REALTY

  • V

    Buyer's Agent in 2020

    VICTORIA S. SAMORI

    COLDWELL BANKER REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3639614

Garden State MLS

APN: 17-04805-0000-00010

New Jersey Morris County Madison 07940

5 Independence Ct, Madison, NJ

This home is located at 5 Independence Ct, Madison, NJ 07940 since 11 June 2020 and is currently estimated at $2,003,346. This property was built in 1995. 5 Independence Ct is a home located in Morris County with nearby schools including Kings Road School, Madison Junior School, and Madison High School.

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