$1,160,000
SOLD JAN 2, 2026

7 Lee Ave Madison, NJ 07940

3 Beds
3 Baths
1,737 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$668 Per Sq Ft

14% Above List Price

8 Days on Market

About This Home

As of January 2026

This home is located at 7 Lee Ave, Madison, NJ 07940 and is currently priced at $1,160,000, approximately $667 per square foot. This property was built in 1935. 7 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: 732-454-3007 Listed on: 11/11/2025

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

SUZETTE POTOLSKY

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Fireplace
  • 6,098 Sq Ft Lot

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Year Built: 1935
  • County Name: Morris
  • I D: 5395526
  • Attribution Contact: 732-454-3007
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.10

Lot Info

  • Lot Size: 0.1377 AC
  • Total Acres: 0.14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2025
Closed on
Dec 26, 2025
Sold by
Licari Jeffrey W and Licari Denise P
Bought by
Spigos John Theodore and Spigos Enya Virginia
Seller's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
Buyer's Agent
SUZETTE POTOLSKY
PROMINENT PROPERTIES SIR
List Price
$1,017,000
Sold Price
$1,160,000
Premium/Discount to List
$143,000
14.06%
Views
45

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-75.49%
Original Mortgage
$560,000
Outstanding Balance
$560,000
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
$462,130

Purchase Details

Closed on
May 27, 2005
Sold by
Debiasse Louis
Bought by
Licari Jeffrey W and Licari Denise P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.79%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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

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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
Bargain Sale Deed $1,160,000 Stewart Title Guaranty Company
Deed $600,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $560,000 New Conventional
Previous Owner $300,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2026 01/02/26 Sold $1,160,000 +14.1% $668 / Sq Ft
11/20/2025 11/20/25 Pending -- -- --
11/12/2025 11/12/25 For Sale $1,017,000 -- $585 / Sq Ft
Source: Garden State 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 $12,861 $603,800 $320,700 $283,100
2024 $12,432 $603,800 $320,700 $283,100
2023 $12,432 $603,800 $320,700 $283,100
2022 $12,233 $603,800 $320,700 $283,100
2021 $12,233 $603,800 $320,700 $283,100
2020 $12,106 $603,800 $320,700 $283,100
2019 $11,913 $603,800 $320,700 $283,100
2018 $11,611 $603,800 $320,700 $283,100
2017 $11,521 $603,800 $320,700 $283,100
2016 $11,321 $603,800 $320,700 $283,100
2015 $11,110 $603,800 $320,700 $283,100
2014 $10,736 $603,800 $320,700 $283,100
Source: Public Records

Agents Affiliated with this Home

  • Susan Oldendorp

    Seller's Agent in 2026

    Susan Oldendorp

    COMPASS NEW JERSEY, LLC

    (201) 400-8714

    144 in this area

    520 Total Sales

    Susan Oldendorp
    Section Image

  • S

    Buyer's Agent in 2026

    SUZETTE POTOLSKY

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3997231

Garden State MLS

APN: 17-00911-0000-00002

New Jersey Morris County Madison 07940

7 Lee Ave, Madison, NJ

Sold

Detached

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