NOT LISTED FOR SALE

6 Madison Ave Pennington, NJ 08534

Estimated Value: $892,000 - $2,498,993

1.91 Acres
$764,135 Price per Acre
83,200 Sq Ft Lot

Last Sold July 15, 2024

Last sale price $588,500

Est. 148% increase in value since last sale

Current estimated payment $8,635/month

11 Days on Market

About This Lot

As of July 2024

**THIS HOME WILL BE COMPLETED IN 3 MONTHS.** Welcome to 6 Madison Avenue, a stunning new construction custom home by VCM Builders, ideally set on 1.9 picturesque acres in the heart of Pennington Borough. Surrounded by mature trees and backed by preserved farmland, the setting offers rare privacy and natural beauty within a peaceful, walkable neighborhood known for its charm and award-winning schools. The home’s elegant exterior blends timeless materials with refined architectural detail, while the interior showcases elevated finishes, an open-concept design, and thoughtful craftsmanship throughout. Buyers have the unique opportunity to personalize the interiors and outdoor spaces to suit their vision, creating a truly bespoke residence. This exceptional offering combines new-build luxury with the warmth and character of one of Pennington’s most desirable neighborhoods.

Last Agent to Sell the Property

Susan Thompson

(609) 737-1500 sawyer@corcoranss.com Corcoran Sawyer Smith - Pennington License #785606 Listed on: 03/14/2024

Corcoran Sawyer Smith - Pennington

Last Buyer's Agent

Kimberly Storcella

(609) 737-9100 lisa.leray@foxroach.com BHHS Fox & Roach Hopewell Valley License #792901

BHHS Fox & Roach Hopewell Valley

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,085

Lot Details

  • 1.91 Acre Lot
  • Property is zoned VRC

Schools

  • Timberlane Middle School
  • Central High School

Utilities

  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00001 16
  • Assessor Parcel Number 06-00072-00001 16

Property Details

Property Type

Land

Est. Annual Taxes

$12,085

Lot Details

1.91 Acres

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Current Use: Residential
  • Inclusions: well, septic
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 7.15

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No

Schools

  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: CENTRAL H.S.
  • Middle Or Junior School: TIMBERLANE M.S.

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.91
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 83200.00
  • Zoning: VRC
  • Farmland Preservation: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 12085.00
  • Assessor Parcel Number: 06-00072-00001 16
  • Tax Lot: 00001 16
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
Jun 13, 2024
Sold by
Dowdie George and Dowdie Orthnell George
Bought by
6 Madison Pennington Llc
Seller's Agent
Susan Thompson
Corcoran Sawyer Smith - Pennington
Buyer's Agent
Kimberly Storcella
BHHS Fox & Roach Hopewell Valley
List Price
$595,000
Sold Price
$588,500
Premium/Discount to List
-$6,500
-1.09%
Views
22
Current Estimated Value
$1,459,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$870,998
Avg. Annual Appreciation
73.41%
Original Mortgage
$1,473,590
Interest Rate
6.95%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 20, 2003
Sold by
Wilson Merrick B
Bought by
Dowdie George and Dowdie Donna Chance
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
6 Madison Pennington Llc $588,500 Foundation Title
6 Madison Pennington Llc $588,500 Foundation Title
Dowdie George $839,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 6 Madison Pennington Llc $1,473,590
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2024 10/07/24 For Sale $2,495,000 +324.0% $462 / Sq Ft
07/15/2024 07/15/24 Sold $588,500 -1.1% --
03/25/2024 03/25/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $595,000 -- --
Source: Bright MLS

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 $12,486 $420,700 $420,700 --
2024 $12,090 $395,500 $395,500 --
Source: Public Records

Agents Affiliated with this Home

  • Revi Haviv

    Seller's Agent in 2024

    Revi Haviv

    Compass RE

    (845) 492-1315

    4 in this area

    170 Total Sales

    Revi Haviv
    Section Image
  • Susan Thompson

    Seller's Agent in 2024

    Susan Thompson

    Corcoran Sawyer Smith - Pennington

    (609) 638-7700

    102 in this area

    184 Total Sales

    Susan Thompson
    Section Image
  • Kimberly Storcella

    Buyer's Agent in 2024

    Kimberly Storcella

    BHHS Fox & Roach

    (609) 468-9602

    12 in this area

    65 Total Sales

    Kimberly Storcella
    Section Image
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Map

Source: Bright MLS

MLS Number: NJME2040696

Bright MLS

APN: 06-00072-0000-00001-16

New Jersey Mercer County Pennington 08534

6 Madison Ave, Pennington, NJ

Not Listed for Sale

Lots

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