Off Market Nov 2013 for $1.6M

$2,627,789

Est. refi paymentEst. refi $6,988/mo

•

3.5 ba

•

—

sq ft

3 Colonial Way, Madison, NJ 07940-2703

About this home

Single-familyProperty Type

1972Year Built

0.6 acresLot Size

Listed by SUSAN OLDENDORP • KELLER WILLIAMS REALTY

Contact: 908-273-2991

Bought with BERNADETTE MCDONOUGH • COLDWELL BANKER REALTY

Redfin checked: 3 minutes ago

•Source:GSMLS #3074922

Redfin Estimate

$2,627,789

$978K since sold in November 2013$9,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 10.2% higher than the average sale price ($2.38M) of 6 comparable homes.

SOLD APR 6, 2026
$2,855,107
A
5 beds3.5 baths— sq ft
7 Colonial Way, Madison, NJ 07940-2703
SOLD JUL 30, 2026
$2,825,000
B
5 beds3.5 baths— sq ft
18 Sandy Hill Rd, Chatham, NJ 07928-1557
SOLD MAY 21, 2026
$2,650,000
C
5 beds4.5 baths— sq ft
15 Olde Greenhouse Ln, Madison, NJ 07940-2749
SOLD FEB 17, 2026
35 Winding Way, Madison, NJ 07940-2810
$2,453,000
D
5 beds4 baths— sq ft
35 Winding Way, Madison, NJ 07940-2810
SOLD AUG 14, 2026
31 Garfield Ave, Madison, NJ 07940-2707
$2,075,000
E
6 beds4.5 baths— sq ft
31 Garfield Ave, Madison, NJ 07940-2707
SOLD AUG 19, 2026
$1,450,000
F
4 beds2.5 baths— sq ft
12 Candlewood Dr, Madison, NJ 07940-2728

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Earn from this home

Sell

$1,538,869

Est. take-home

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Refinance

Est. cash available

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Rent

$4,423/mo

Redfin rental estimate

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Market trends in 07940, NJ

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

110.8%

0.6% MoM

Median sale price

$1.3M

$249K MoM

Avg. days on market

16d

1 days MoM

Recently sold homes

4 MoM

New listings for sale

EARLY ACCESS
$550,000
2 beds2 baths1,188 sq ft
34 Loantaka Way Unit H, Madison, NJ 07940
NEW 30 HRS AGO
$699,900
3 beds2 baths— sq ft
267 Kings Rd, Madison, NJ 07940-2321
COMING SOON
$899,000
3 beds1.5 baths— sq ft
8 S Oak Ct, Madison, NJ 07940-1009
3D WALKTHROUGH
$999,000
4 beds3 baths— sq ft
46 Greenwood Ave, Madison, NJ 07940-2123
See all

Provided by Redfin

Sale history for 3 Colonial Way

Year

Property tax

Land + Additions

Assessment*

2025

$34,973 (+5.8%)

$741,300 + $810,300

$1,551,600

2024

$33,049 (+3.4%)

$741,300 + $810,300

$1,551,600

2023

$31,947 (+0.2%)

$741,300 + $810,300

$1,551,600

2022

$31,870 (+1.4%)

$741,300 + $810,300

$1,551,600

2021

$31,435 (+1.0%)

$741,300 + $810,300

$1,551,600

2020

$31,110 (+1.6%)

$741,300 + $810,300

$1,551,600

2019

$30,613 (+2.6%)

$741,300 + $810,300

$1,551,600

2018

$29,837 (+0.8%)

$741,300 + $810,300

$1,551,600

2017

$29,605 (+1.8%)

$741,300 + $810,300

$1,551,600

2016

$29,092 (+5.5%)

$741,300 + $810,300

$1,551,600

2014

$27,587 (+1.4%)

$741,300 + $810,300

$1,551,600

2013

$27,215 (+8.6%)

$741,300 + $810,300

$1,551,600

2012

$25,055 (+2.6%)

$741,300 + $810,300

$1,551,600

2011

$24,424 (+2.7%)

$508,500 + $393,100

$901,600

2010

$23,793 (+4.2%)

$508,500 + $393,100

$901,600

2009

$22,838

$508,500 + $393,100

$901,600

Tax history for 3 Colonial Way

Year

Property tax

Land + Additions

Assessment*

2025

$34,973 (+5.8%)

$741,300 + $810,300

$1,551,600

2024

$33,049 (+3.4%)

$741,300 + $810,300

$1,551,600

2023

$31,947 (+0.2%)

$741,300 + $810,300

$1,551,600

2022

$31,870 (+1.4%)

$741,300 + $810,300

$1,551,600

2021

$31,435 (+1.0%)

$741,300 + $810,300

$1,551,600

2020

$31,110 (+1.6%)

$741,300 + $810,300

$1,551,600

2019

$30,613 (+2.6%)

$741,300 + $810,300

$1,551,600

2018

$29,837 (+0.8%)

$741,300 + $810,300

$1,551,600

2017

$29,605 (+1.8%)

$741,300 + $810,300

$1,551,600

2016

$29,092 (+5.5%)

$741,300 + $810,300

$1,551,600

2014

$27,587 (+1.4%)

$741,300 + $810,300

$1,551,600

2013

$27,215 (+8.6%)

$741,300 + $810,300

$1,551,600

2012

$25,055 (+2.6%)

$741,300 + $810,300

$1,551,600

2011

$24,424 (+2.7%)

$508,500 + $393,100

$901,600

2010

$23,793 (+4.2%)

$508,500 + $393,100

$901,600

2009

$22,838

$508,500 + $393,100

$901,600

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

Lot width

125 ft.

Lot depth

210 ft.

Lot size

0.6 Acres

Year renovated

—

Sq. Ft.

4,205

Year built

1972

Style

Single Family Residential

County

Morris County

APN

1704402 00016

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 13, 2026.

R-1

Single-Family Residence Zone

The purpose of these zones is to preserve the integrity of existing residential areas by preventing the intrusion of nonresidential uses into residential neighborhoods and by maintaining existing development intensity and population density consistent with residential neighborhood patterns.

Permitted uses

Include but are not limited to:

Housing-Single unit
Park & open space

Property details

Around this home

Schools

Torey J. Sabatini Elementary School

Public K-5 • Assigned • 0.6mi

8/10

Madison Junior Middle School

Public 6-8 • Assigned • 1.0mi

7/10

Madison High School

Public 9-12 • Assigned • 1.7mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 101° expected this year, 15 days in 30 years

6/10 Wind Factor

27% chance of strong winds in next 30 years

4/10 Air Factor

3 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Madison, NJ • 07940-2703

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.6 hours in June and 4.2 hours in December, placing it below the U.S. average for solar exposure.

8.6 hrs

4.2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$2.50M – $3.02M

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Nearby similar homes

NEW 30 HRS AGO

$699,900

3 beds2 baths— sq ft

267 Kings Rd, Madison, NJ 07940-2321

$2,299,000

5 beds5 baths— sq ft

169 Watchung Ave, Chatham, NJ 07928-1837

$1,060,000

3 beds2 baths1,448 sq ft

63 Samson Ave, Madison, NJ 07940-2842

3D WALKTHROUGH

$999,000

4 beds3 baths— sq ft

46 Greenwood Ave, Madison, NJ 07940-2123

$1,349,999

4 beds3 baths— sq ft

96 North St, Madison, NJ 07940-1132

NEW CONSTRUCTION

$2,499,000

5 beds4.5 baths— sq ft

38 Inwood Rd, Chatham, NJ 07928-1846

New listings for sale in 07940

EARLY ACCESSCOMPASS COMING SOON

$550,000

2 beds2 baths1,188 sq ft

34 Loantaka Way Unit H, Madison, NJ 07940

NEW 30 HRS AGO

$699,900

3 beds2 baths— sq ft

267 Kings Rd, Madison, NJ 07940-2321

COMING SOON

$899,000

3 beds1.5 baths— sq ft

8 S Oak Ct, Madison, NJ 07940-1009

3D WALKTHROUGH

$999,000

4 beds3 baths— sq ft

46 Greenwood Ave, Madison, NJ 07940-2123

Home values near 3 Colonial Way

Data from public records.

Address	Redfin Estimate
2 Colonial Way, Madison, NJ 5 Beds \| 4 Baths \| - Sq. Ft.	$2,478,738
5 Colonial Way, Madison, NJ - Beds \| - Baths \| 3740 Sq. Ft.	$2,370,054

Address	Redfin Estimate
8 Colonial Way, Madison, NJ 5 Beds \| 4.5 Baths \| - Sq. Ft.	$2,622,423
7 Colonial Way, Madison, NJ 5 Beds \| 3.5 Baths \| - Sq. Ft.	$2,659,073

Address	Redfin Estimate
1 Colonial Way, Madison, NJ 5 Beds \| 4.5 Baths \| - Sq. Ft.	$3,384,108
9 Colonial Way, Madison, NJ 5 Beds \| 3.5 Baths \| - Sq. Ft.	$2,079,967

Property information provided by GSMLS .

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GreatSchools Ratings provided by GreatSchools.org.

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3 Colonial Way, Madison, NJ 07940-2703

About this home

Redfin Estimate

Earn from this home

Market trends in 07940, NJ

Sale history for 3 Colonial Way

Tax history for 3 Colonial Way

Public record

Property details

Exterior

Public facts

Other

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 07940

Home values near 3 Colonial Way

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