$1,413,500
SOLD AUG 25, 2021

5 Laurel Way Madison, NJ 07940

5 Beds
5.5 Baths
-- Sq Ft
0.3 Acres

Recently Sold

6% Below List Price

13 Days on Market

Highlights

  • Custom Home
  • Recreation Room
  • Attic
  • Torey J. Sabatini School Rated A
  • Wood Flooring
  • Mud Room

About This Home

As of August 2021

STUNNING 2019 5 BR, 5.1 BATH CUSTOM HOME IN MADISON-VOTED NJ MONTHLY'S #1 TOWN TO LIVE IN! Steps from 3 mi. Giralda Farms walking path. Close to Madison's charming downtown, top schools and NYC train. Charming front porch, Smart home, Luxury finishes, Solar Panels w/ Storage Battery, Water Filtration System, Tesla Outlet & more! 1st floor has open floorplan with gourmet eat-in kitchen with high end appliances that opens to family room with fireplace, dining room, library/office with built-ins and 5th bedroom with en suite bath. 2nd Floor has Primary Suite with huge walk in closet and stunning bath with soaking tub. There are 3 add'l bedrooms with one en suite bath and one hallway bath and large laundry room. Huge finished basement w/ high ceilings. Large, private backyard with patio.

Last Agent to Sell the Property

Elizabeth Rutland

KL SOTHEBY'S INT'L. REALTY Listed on: 07/02/2021

KL SOTHEBY'S INT'L. REALTY

Co-Listed By

ELIZABETH HURLEY

KL SOTHEBY'S INT'L. REALTY

Last Buyer's Agent

ELIZABETH HURLEY

KL SOTHEBY'S INT'L. REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,692

Year Built

  • Built in 2019

Lot Details

  • 0.3 Acre Lot
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Custom Home
  • Colonial Architecture
  • Stone Siding
  • Siding
  • Composite Building Materials
  • Tile

Interior Spaces

  • Gas Fireplace
  • Thermal Windows
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Formal Dining Room
  • Den
  • Recreation Room
  • Utility Room
  • Laundry Room
  • Wood Flooring
  • Attic

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

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

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • French Drain

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Porch

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Two Cooling Systems Mounted To A Wall/Window
  • Standard Electricity
  • Water Filtration System
  • Gas Water Heater
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 2317-03301-0000-00032-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,692

Year Built

Built in 2019

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial, Custom Home
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2019
  • Year Built Description: Approximate
  • County Name: Morris
  • Street Number Display: 5
  • Directions: Madison Avenue or Woodland Road to Treadwell Ave to Laurel Way.
  • I D: 5082476
  • Modified: 2022-08-26
  • Number Images: 24
  • First Name: ELIZABETH
  • First Name2: ELIZABETH
  • First Name3: ELIZABETH
  • First Name4: ELIZABETH
  • Last Name: RUTLAND
  • Last Name2: HURLEY
  • Last Name3: HURLEY
  • Last Name4: RUTLAND
  • Office Phone2: 908-516-4790
  • Office Phone3: 908-516-4790
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Family Room, Gas Fireplace
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Central Vacuum, Dishwasher, Microwave Oven, Range/Oven-Gas, Refrigerator, Sump Pump, OvnWElec, Water Filter, Water Softener-Own
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Fire Alarm Sys, Security System, Smoke Detector, Walk-In Closet
  • Number Rooms: 13
  • Bedrooms: 5
  • 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: Soaking Tub, Stall Shower
  • Bathrooms: 5.10
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, French Drain, Full
  • Basement Level Rooms: Rec Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Center Island, Eat-In Kitchen
  • Kitchen Dim: 14x24
  • Kitchen Level: First
  • Other Room 1: Bedroom/Office
  • Other Room1 Dim: 14x12
  • Other Room1 Level: First
  • Other Room 2: Laundry Room
  • Other Room2 Dim: 13x7
  • Other Room2 Level: Second
  • Other Room 3: Rec Room
  • Other Room3 Dim: 37x29
  • Other Room3 Level: Basement
  • Level 1 Rooms: 1 Bedroom, Bath(s) Other, Den, Dining Room, Family Room, Foyer, Kitchen, MudRoom, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, Laundry Room
  • Level 3 Rooms: Attic
  • Phone: 973-377-4444

Exterior Features

  • Exterior Description: Composition Siding, Stone
  • Exterior Features: Open Porch(es), Patio, Thermal Windows/Doors, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Finished Garage, Garage Door Opener
  • Number Garage Spaces: 2
  • Parking Driveway Description: 2 Car Width, Blacktop

Utilities

  • Cooling: 2 Units, Central Air, Multi-Zone Cooling
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air, Multi-Zone
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

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: 103X125
  • Assessed Improvement Value: 100000
  • Assessed Land Value: 383400
  • Assessment: 483400
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 32
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.30

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 9692
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2317-03301-0000-00032-0000-
  • 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
Jul 2, 2021
Closed on
Aug 23, 2021
Sold by
Maloney William J and Maloney Jenny
Bought by
The Bean Skillman Trust
Seller's Agent
Elizabeth Rutland
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
ELIZABETH HURLEY
KL SOTHEBY'S INT'L. REALTY
List Price
$1,499,900
Sold Price
$1,413,500
Premium/Discount to List
-$86,400
-5.76%
Current Estimated Value
$1,864,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$451,129
Avg. Annual Appreciation
8.76%

Purchase Details

Listed on
Jun 5, 2019
Closed on
Aug 19, 2020
Sold by
Lado Properties Llc
Bought by
Maloney William J and Maloney Jenny
Seller's Agent
CHRISTOPHER CLINTON
COLDWELL BANKER REALTY
Buyer's Agent
ELIZABETH HURLEY
KL SOTHEBY'S INT'L. REALTY
List Price
$1,395,000
Sold Price
$1,200,000
Premium/Discount to List
-$195,000
-13.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.99%
Original Mortgage
$720,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 19, 2017
Closed on
May 5, 2017
Sold by
Goodell Robert C
Bought by
Ladd Properties Llc
Seller's Agent
SUSAN MASSENGILL
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
CHRISTOPHER CLINTON
COLDWELL BANKER REALTY
List Price
$596,000
Sold Price
$625,000
Premium/Discount to List
$29,000
4.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.71%
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
Deed $1,413,500 Foundation Title Llc
Deed $1,200,000 Realsafe Title Llc
Deed $625,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $720,000 New Conventional
Previous Owner $269,911 New Conventional
Previous Owner $150,000 Credit Line Revolving
Previous Owner $299,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2021 08/25/21 Sold $1,413,500 -5.8% --
07/26/2021 07/26/21 Pending -- -- --
07/12/2021 07/12/21 For Sale $1,499,900 +25.0% --
08/27/2020 08/27/20 Sold $1,200,000 -4.7% $234 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
06/22/2020 06/22/20 Price Changed $1,259,000 -2.0% $246 / Sq Ft
02/05/2020 02/05/20 Price Changed $1,285,000 -3.0% $251 / Sq Ft
01/09/2020 01/09/20 Price Changed $1,325,000 -3.6% $259 / Sq Ft
12/05/2019 12/05/19 Price Changed $1,375,000 -0.7% $269 / Sq Ft
09/16/2019 09/16/19 Price Changed $1,385,000 -0.7% $271 / Sq Ft
06/05/2019 06/05/19 For Sale $1,395,000 +123.2% $273 / Sq Ft
05/05/2017 05/05/17 Sold $625,000 +4.9% --
04/26/2017 04/26/17 Pending -- -- --
04/19/2017 04/19/17 For Sale $596,000 -- --
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 $23,946 $1,163,000 $383,400 $779,600
2023 $23,946 $1,163,000 $383,400 $779,600
2022 $9,794 $1,163,000 $383,400 $779,600
2021 $9,794 $483,400 $383,400 $100,000
2020 $9,692 $483,400 $383,400 $100,000
2019 $8,058 $408,400 $383,400 $25,000
2018 $11,942 $621,000 $383,400 $237,600
2017 $11,849 $621,000 $383,400 $237,600
2016 $11,644 $621,000 $383,400 $237,600
2015 $11,176 $621,000 $383,400 $237,600
2014 $10,791 $621,000 $383,400 $237,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3724543

Garden State MLS

APN: 17-03301-0000-00032