NOT LISTED FOR SALE

8 Park Ln Madison, NJ 07940

Estimated Value: $3,733,000 - $5,325,000

-- Bed
-- Bath
2,958 Sq Ft
$1,574/Sq Ft Est. Value

About This Home

This home is located at 8 Park Ln, Madison, NJ 07940 and is currently estimated at $4,654,552, approximately $1,573 per square foot. 8 Park Ln is a home located in Morris County with nearby schools including Kings Road School, Madison Junior School, and Madison High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2005
Sold by
Swanson Kenneth
Bought by
Patel Kerry and Patel Pratish
Current Estimated Value
$4,654,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,255,000
Outstanding Balance
$667,303
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Patel Kerry $1,799,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Kerry $1,255,000
Previous Owner Swanson Kenneth $75,000
Previous Owner Swanson Kenneth W $348,000
Source: Public Records

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 $56,295 $2,734,100 $801,000 $1,933,100
2023 $56,295 $2,734,100 $801,000 $1,933,100
2022 $55,393 $2,734,100 $801,000 $1,933,100
2021 $55,393 $2,734,100 $801,000 $1,933,100
2020 $54,819 $2,734,100 $801,000 $1,933,100
2019 $53,944 $2,734,100 $801,000 $1,933,100
2018 $52,577 $2,734,100 $801,000 $1,933,100
2017 $52,167 $2,734,100 $801,000 $1,933,100
2016 $51,264 $2,734,100 $801,000 $1,933,100
2015 $50,307 $2,734,100 $801,000 $1,933,100
2014 $48,612 $901,000 $801,000 $100,000
Source: Public Records

Map

New Jersey Morris County Madison 07940

8 Park Ln, Madison, NJ

This home is located at 8 Park Ln, Madison, NJ 07940 and is currently estimated at $4,654,552, approximately $1,573 per square foot. 8 Park Ln is a home located in Morris County with nearby schools including Kings Road School, Madison Junior School, and Madison High School.

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