$1,100,000

5 Lee Ave Madison, NJ 07940

Estimated payment $7,181/month

Total Views 5,833
4 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Colonial Architecture
  • Deck
  • Wood Flooring
  • Central Avenue Elementary School Rated A-
  • Recreation Room
  • High Ceiling

About This Home

Nestled in Madison's sought after Knollwood section, just blocks from town, train, and top rated schools, this 4 bedroom, 2.2 bath home sits proudly on a picturesque, tree-lined street with sidewalks and timeless curb appeal. Inside, natural light fills the open layout, where the kitchen with breakfast bar flows seamlessly into the dining room and cozy family room with fireplace. A first floor private office and stylish new powder room offer modern convenience, while the back door leads to a deck, patio, and lush, newly landscaped yard perfect for relaxing or entertaining. Upstairs three bedrooms and a full bath offer space and flexibility, while the private primary suite a true sanctuary enjoys its own level and is complete with walk in closet and full bath. The finished lower level includes a second powder room and room for recreation, play, or storage. Thoughtful updates abound: new roof, newly landscaped yard with sprinkler system, a new driveway, freshly painted exterior, new first floor powder room, new front steps with a stunning bluestone walkway, and numerous other updates. A two-car garage completes this picture perfect home in one of Madison's most beloved neighborhoods. Charming, updated, and ideally located, this is the one that feels like home the moment you arrive!

Listing Agent

Susan Oldendorp

COMPASS NEW JERSEY, LLC Brokerage Phone: 201-400-8714

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,980

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 6,098 Sq Ft Lot
  • Privacy Fence
  • Wood Fence
  • Level Lot
  • Open Lot
  • Sprinkler System

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Clapboard
  • Tile

Interior Spaces

  • High Ceiling
  • Wood Burning Fireplace
  • Thermal Windows
  • Drapes & Rods
  • Blinds
  • Family Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Storage Room
  • Laundry Room
  • Utility Room

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

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

Partially Finished Basement

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

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio

Schools

  • Madison Jr Middle School
  • Madison High School

Utilities

  • Zoned Heating and Cooling
  • Two Cooling Systems Mounted To A Wall/Window
  • Radiator
  • Electric Baseboard Heater
  • Radiant Heating System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2317-00911-0000-00003-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,980

Year Built

Built in 1923 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1923
  • Year Built Description: Renovated
  • County Name: Morris
  • Renovated Year: 2000
  • Street Number Display: 5
  • Directions: Hamilton St to Lee Ave
  • I D: 5333184
  • Modified: 2025-05-06
  • Number Images: 24
  • Section Subdiv Development: The Knollwood Section
  • Attribution Contact: 201-400-8714
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2000

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Family Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Disposal, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Self Cleaning Oven, Sump Pump
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Cedar Closets, Drapes, High Ceilings, Smoke Detector, StallShw, TubShowr, Walk-In Closet
  • Number Rooms: 9
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Third
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.20
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Finished-Partially, French Drain, Full
  • Basement Level Rooms: Laundry Room, Powder Room, Rec Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar
  • Kitchen Dim: 9x18
  • Kitchen Level: First
  • Other Room 1: Office
  • Other Room1 Dim: 7x17
  • Other Room1 Level: First
  • Other Room 2: PowderRm
  • Other Room2 Dim: 6x4
  • Other Room2 Level: First
  • Other Room 3: Rec Room
  • Other Room3 Dim: 24x12
  • Other Room3 Level: Basement
  • Level 1 Rooms: Dining Room, Family Room, Kitchen, Office, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main
  • Level 3 Rooms: 1 Bedroom, Bath Main

Exterior Features

  • Exterior Description: Clapboard
  • Exterior Features: Deck, Patio, Privacy Fence, Sidewalk, Thermal Windows/Doors, Underground Lawn Sprinkler, Wood Fence
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage, Garage Door Opener
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

  • Cooling: 2 Units, Central Air, Multi-Zone Cooling
  • Fuel Type: Electric, Gas-Natural
  • Heating: 1 Unit, Baseboard - Electric, Radiant - Electric, Radiators - Steam
  • Sewer: Public Sewer
  • Utilities: Gas In Street
  • Water: Public Water
  • Water Heater: Gas

Schools

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

Lot Info

  • Lot Size: 0.1377 AC
  • Assessed Improvement Value: 288700
  • Assessed Land Value: 320700
  • Assessment: 609400
  • Easement: Unknown
  • Lot Description: Level Lot, Open Lot
  • Lot Identifier: 3
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.14
  • Zoning: Residential

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 12980
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2317-00911-0000-00003-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.130
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $12,548 $609,400 $320,700 $288,700
2023 $12,548 $609,400 $320,700 $288,700
2022 $12,346 $609,400 $320,700 $288,700
2021 $12,346 $609,400 $320,700 $288,700
2020 $12,218 $609,400 $320,700 $288,700
2019 $12,023 $609,400 $320,700 $288,700
2018 $11,719 $609,400 $320,700 $288,700
2017 $11,627 $609,400 $320,700 $288,700
2016 $11,426 $609,400 $320,700 $288,700
2015 $11,213 $609,400 $320,700 $288,700
2014 $10,835 $609,400 $320,700 $288,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 For Sale $1,100,000 +35.8% --
12/16/2016 12/16/16 Sold $810,000 -4.6% $409 / Sq Ft
11/09/2016 11/09/16 Pending -- -- --
09/07/2016 09/07/16 For Sale $849,000 -- $429 / Sq Ft
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed $810,000 Associated Title
Bargain Sale Deed $439,000 --
Deed $300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $648,000 New Conventional
Previous Owner $351,200 No Value Available
Previous Owner $260,000 No Value Available
Source: Public Records

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Source: Garden State MLS

MLS Number: 3958934

Garden State MLS

APN: 17-00911-0000-00003