$1,387,000
SOLD JUN 30, 2025

5 Lee Ave Madison, NJ 07940

4 Beds
3 Baths
1,979 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$701 Per Sq Ft

26% Above List Price

9 Days on Market

About This Home

As of June 2025

This home is located at 5 Lee Ave, Madison, NJ 07940 and is currently priced at $1,387,000, approximately $700 per square foot. This property was built in 1923. 5 Lee Ave is a home located in Morris County with nearby schools including Central Avenue School, Madison Junior School, and Madison High School.

Last Agent to Sell the Property

Susan Oldendorp

COMPASS NEW JERSEY, LLC Brokerage Phone: 973-310-6816 Listed on: 04/25/2025

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

Brooke Visentini

PROMINENT PROPERTIES SIR

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,980

Year Built

  • Built in 1923

Lot Details

  • 6,098 Sq Ft Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,980

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Year Built: 1923
  • County Name: Morris
  • Street Number Display: 5
  • I D: 5333184
  • Modified: 2025-06-30
  • Number Images: 0
  • Attribution Contact: 973-310-6816
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 2.20

Lot Info

  • Lot Size: 0.1377 AC
  • Total Acres: 0.14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2025
Closed on
Jun 25, 2025
Sold by
Walsh Kevin T
Bought by
Mchale Robert and Mchale Brittany
Seller's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
Buyer's Agent
Brooke Visentini
PROMINENT PROPERTIES SIR
List Price
$1,100,000
Sold Price
$1,387,000
Premium/Discount to List
$287,000
26.09%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-17.28%
Original Mortgage
$900,000
Outstanding Balance
$898,464
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$431,852

Purchase Details

Listed on
Sep 7, 2016
Closed on
Dec 9, 2016
Sold by
Clark Douglas C and Clark Linda D
Bought by
Walsh Kevin T
Seller's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
Buyer's Agent
RUDI ANN PABYAN
BHHS FOX & ROACH
List Price
$849,000
Sold Price
$810,000
Premium/Discount to List
-$39,000
-4.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%
Original Mortgage
$648,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2000
Sold by
Yost Andrew T and Williams Yost Carolyn H
Bought by
Clark Douglas C and Clark Linda D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,200
Interest Rate
7.88%

Purchase Details

Closed on
Jul 2, 1996
Sold by
Fiocco Robert J and Fiocco Nancy T
Bought by
Yost Andrew T and Williams Yost Carolyn H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
8.12%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Deed $1,387,000 Clear Skies Title
Deed $1,387,000 Clear Skies Title
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 $900,000 New Conventional
Closed $900,000 New Conventional
Previous Owner $648,000 New Conventional
Previous Owner $351,200 No Value Available
Previous Owner $260,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Sold $1,387,000 +26.1% $701 / Sq Ft
05/09/2025 05/09/25 Pending -- -- --
04/30/2025 04/30/25 For Sale $1,100,000 +35.8% $556 / Sq Ft
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

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 $12,980 $609,400 $320,700 $288,700
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

Agents Affiliated with this Home

  • Susan Oldendorp

    Seller's Agent in 2025

    Susan Oldendorp

    COMPASS NEW JERSEY, LLC

    (201) 400-8714

    144 in this area

    530 Total Sales

    Susan Oldendorp
    Section Image
  • Brooke Visentini

    Buyer's Agent in 2025

    Brooke Visentini

    PROMINENT PROPERTIES SIR

    (917) 887-7390

    4 in this area

    31 Total Sales

    Brooke Visentini
    Section Image

  • R

    Buyer's Agent in 2016

    RUDI ANN PABYAN

    BHHS FOX & ROACH

See All Agents

Map

Source: Garden State MLS

MLS Number: 3958934

Garden State MLS

APN: 17-00911-0000-00003

New Jersey Morris County Madison 07940

5 Lee Ave, Madison, NJ

This home is located at 5 Lee Ave, Madison, NJ 07940 and is currently priced at $1,387,000, approximately $700 per square foot. This property was built in 1923. 5 Lee Ave is a home located in Morris County with nearby schools including Central Avenue School, Madison Junior School, and Madison High School.

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