NOT LISTED FOR SALE

7 Prospect Place Madison, NJ 07940

Estimated Value: $1,341,000 - $1,589,000

4 Beds
4 Baths
750 Sq Ft
$1,955/Sq Ft Est. Value

Last Sold September 03, 2014

Last sale price $905,000 $1,207 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $9,538/month

About This Home

As of September 2014

This home is located at 7 Prospect Place, Madison, NJ 07940 since 03 September 2014 and is currently estimated at $1,466,473, approximately $1,955 per square foot. 7 Prospect Place 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

MARYBETH ECKHARDT

KL SOTHEBY'S INT'L. REALTY Listed on: 09/03/2014

Co-Listed By

KATHLEEN BOYD

KL SOTHEBY'S INT'L. REALTY

Last Buyer's Agent

CLAUDIA TORRISI

WEICHERT REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,092

Lot Details

  • 7,405 Sq Ft Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,092

Lot Details

0

Listing Details

  • County Name: Morris
  • Street Number Display: 7
  • I D: 4453318
  • Modified: 2015-09-04
  • Number Images: 0
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 3.10

Lot Info

  • Lot Size: 50X150
  • Total Acres: 0.17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2025
Sold by
Chien Allen T and Tsao Cheng Yen
Bought by
Allen Tzu-Hsiang Chien 2025 Revocable Trust and Cheng Yen Tsao 2025 Revocable Trust
Current Estimated Value
$1,466,473

Purchase Details

Listed on
Sep 3, 2014
Closed on
Aug 28, 2014
Sold by
Shojai Shervin and Shojai Annemarie
Bought by
Chien Allen T and Tsao Cheng Yen
Seller's Agent
MARYBETH ECKHARDT
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
CLAUDIA TORRISI
WEICHERT REALTORS
Sold Price
$905,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.37%
Original Mortgage
$724,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 1997
Sold by
Anderson Rose L and Genovese Ruby E
Bought by
Shojai Shervin and Shojai Annemarie

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
8.09%
Source: Public Records

Range of Values:

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 Buyer Sale Price Title Company
Allen Tzu-Hsiang Chien 2025 Revocable Trust -- None Listed On Document
Chien Allen T $905,000 Fidelity Natl Title Ins Co
Shojai Shervin $108,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tsao Cheng Yen $529,000
Previous Owner Tsao Cheng Yen $529,000
Previous Owner Chien Allen T $724,000
Previous Owner Shojai Shervin $252,795
Previous Owner Shojai Shervin $209,300
Previous Owner Shojai Shervin $109,875
Previous Owner Shojai Shervin $68,000
Previous Owner Shojai Shervin $110,000
Previous Owner Shojai Shervin $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2014 09/03/14 Sold $905,000 -- $1,207 / 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
2024 $17,092 $830,100 $291,800 $538,300
2023 $17,092 $830,100 $291,800 $538,300
2022 $16,552 $817,000 $291,800 $525,200
2021 $16,552 $817,000 $291,800 $525,200
2020 $16,381 $817,000 $291,800 $525,200
2019 $16,678 $845,300 $291,800 $553,500
2018 $16,255 $845,300 $291,800 $553,500
2017 $16,128 $845,300 $291,800 $553,500
2016 $15,486 $825,900 $291,800 $534,100
2015 $15,197 $825,900 $291,800 $534,100
2014 $14,685 $825,900 $291,800 $534,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    MARYBETH ECKHARDT

    KL SOTHEBY'S INT'L. REALTY

  • K

    Seller Co-Listing Agent in 2014

    KATHLEEN BOYD

    KL SOTHEBY'S INT'L. REALTY

  • C

    Buyer's Agent in 2014

    CLAUDIA TORRISI

    WEICHERT REALTORS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3146819

Garden State MLS

APN: 17-04303-0000-00017

New Jersey Morris County Madison 07935

7 Prospect Place, Madison, NJ

This home is located at 7 Prospect Place, Madison, NJ 07940 since 03 September 2014 and is currently estimated at $1,466,473, approximately $1,955 per square foot. 7 Prospect Place is a home located in Morris County with nearby schools including Torey J. Sabatini School, Madison Junior School, and Madison High School.

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