NOT LISTED FOR SALE

58 Prospect St Madison, NJ 07940

Estimated Value: $1,397,000 - $1,604,000

3 Beds
3 Baths
1,996 Sq Ft
$740/Sq Ft Est. Value

Last Sold October 30, 2023

Last sale price $1,100,000 $551 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $9,140/month

8 Days on Market

About This Home

As of October 2023

This home is located at 58 Prospect St, Madison, NJ 07940 since 28 August 2023 and is currently estimated at $1,476,935, approximately $739 per square foot. This property was built in 1936. 58 Prospect St is a home located in Morris County with nearby schools including Torey J. Sabatini School, Madison Junior School, and Madison High School.

Last Agent to Sell the Property

Beth Gibson

COMPASS NEW JERSEY, LLC Brokerage Phone: 973-310-6816 Listed on: 08/28/2023

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

SUSAN ADLER

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1936

Lot Details

  • 0.47 Acre Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Year Built: 1936
  • County Name: Morris
  • I D: 5241377
  • Attribution Contact: 973-310-6816
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.10

Lot Info

  • Lot Size: 75X274
  • Total Acres: 0.47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2023
Closed on
Oct 23, 2023
Sold by
Chupp Bryan and Lee Ann
Bought by
Ales Gabrovec and Mashea Gabrovec Leila
Seller's Agent
Beth Gibson
COMPASS NEW JERSEY, LLC
Buyer's Agent
SUSAN ADLER
KELLER WILLIAMS REALTY
List Price
$999,000
Sold Price
$1,100,000
Premium/Discount to List
$101,000
10.11%
Views
37
Current Estimated Value
$1,476,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,935
Avg. Annual Appreciation
14.47%
Original Mortgage
$550,000
Outstanding Balance
$539,327
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$937,608

Purchase Details

Closed on
Jul 27, 2007
Sold by
Hedreen James M and Hedreen Elizabeth G
Bought by
Chupp Bryan and Brooks Chupp Lee Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,250
Interest Rate
6.73%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 15, 1997
Sold by
Portegello Michael and Portegello Roberta
Bought by
Hedreen James M and Hedreen Elizabeth G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
7%

Purchase Details

Closed on
Feb 7, 1994
Sold by
Stinson R Burke
Bought by
Portegello Michael and Portegello Roberta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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 Buyer Sale Price Title Company
Ales Gabrovec $1,100,000 Chicago Title
Gabrovec Ales $1,100,000 Chicago Title
Chupp Bryan $883,500 Central Jersey Title Co Inc
Hedreen James M $435,000 Chicago Title Insurance Co
Portegello Michael $355,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gabrovec Ales $550,000
Closed Gabrovec Ales $550,000
Previous Owner Chupp Bryan $88,250
Previous Owner Chupp Bryan $706,800
Previous Owner Hedreen James M $348,000
Previous Owner Portegello Michael $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2023 10/30/23 Sold $1,100,000 +10.1% $551 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $999,000 -- $501 / 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 $17,000 $798,100 $456,600 $341,500
2024 $15,156 $798,100 $456,600 $341,500
Source: Public Records

Agents Affiliated with this Home

  • Beth Gibson

    Seller's Agent in 2023

    Beth Gibson

    COMPASS NEW JERSEY, LLC

    (201) 650-6502

    3 in this area

    25 Total Sales

    Beth Gibson
    Section Image

  • S

    Buyer's Agent in 2023

    SUSAN ADLER

    KELLER WILLIAMS REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3861825

Garden State MLS

APN: 17-03803-0000-00043

New Jersey Morris County Madison 07940

58 Prospect St, Madison, NJ

Not Listed for Sale

Detached

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