Google street view image for 3 Locust St, Madison, NJ 07940

Off market

—

•

— ba

•

2,988

sq ft

3 Locust St, Madison, NJ 07940

About this home

3 Locust St is a 2,988 square foot multi-family home on a 7,701 square foot lot.

Multi-familyProperty Type

1900Year Built

7,701 sq ftLot Size

Source:Public Records

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 07940, NJ

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

108.8%

1.2% MoM

Median sale price

$1.2M

$6K MoM

Avg. days on market

16d

0 days MoM

Recently sold homes

5 MoM

New listings for sale

$710,000
3 beds1.5 baths— sq ft
146 Ridgedale Ave, Madison, NJ 07940-1226
$1,150,000
2 beds2.5 baths— sq ft
15 Norman Cir, Madison, NJ 07940-2808
$899,000
4 beds2 baths2,412 sq ft
9 North St, Madison, NJ 07940
$889,000
4 beds2 baths— sq ft
32 Longview Ave, Madison, NJ 07940-1747
$839,000
3 beds1.5 baths— sq ft
5 Rosemont Ave, Madison, NJ 07940-1427
$650,000
4 beds2 baths— sq ft
49 Shadylawn Dr, Madison, NJ 07940-1011
See all

Provided by Redfin

Sale history for 3 Locust St

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2026

$12,778 (+6.5%)

$240,500 + $291,900

$532,400

2025

$12,000 (+5.8%)

$240,500 + $291,900

$532,400

2024

$11,340 (+3.4%)

$240,500 + $291,900

$532,400

2023

$10,962 (+0.2%)

$240,500 + $291,900

$532,400

2022

$10,936 (+1.4%)

$240,500 + $291,900

$532,400

2021

$10,786 (+1.0%)

$240,500 + $291,900

$532,400

2020

$10,675 (+1.6%)

$240,500 + $291,900

$532,400

2019

$10,504 (+2.6%)

$240,500 + $291,900

$532,400

2018

$10,238 (+0.8%)

$240,500 + $291,900

$532,400

2017

$10,158 (+1.8%)

$240,500 + $291,900

$532,400

2016

$9,982 (+5.5%)

$240,500 + $291,900

$532,400

2014

$9,466 (+1.4%)

$240,500 + $291,900

$532,400

2013

$9,338 (+0.6%)

$240,500 + $291,900

$532,400

2012

$9,285 (+2.6%)

$240,500 + $291,900

$532,400

2011

$9,051 (+2.7%)

$229,700 + $104,400

$334,100

2010

$8,817 (+4.2%)

$229,700 + $104,400

$334,100

2009

$8,463

$229,700 + $104,400

$334,100

Tax history for 3 Locust St

Year

Property tax

Land + Additions

Assessment*

2026

$12,778 (+6.5%)

$240,500 + $291,900

$532,400

2025

$12,000 (+5.8%)

$240,500 + $291,900

$532,400

2024

$11,340 (+3.4%)

$240,500 + $291,900

$532,400

2023

$10,962 (+0.2%)

$240,500 + $291,900

$532,400

2022

$10,936 (+1.4%)

$240,500 + $291,900

$532,400

2021

$10,786 (+1.0%)

$240,500 + $291,900

$532,400

2020

$10,675 (+1.6%)

$240,500 + $291,900

$532,400

2019

$10,504 (+2.6%)

$240,500 + $291,900

$532,400

2018

$10,238 (+0.8%)

$240,500 + $291,900

$532,400

2017

$10,158 (+1.8%)

$240,500 + $291,900

$532,400

2016

$9,982 (+5.5%)

$240,500 + $291,900

$532,400

2014

$9,466 (+1.4%)

$240,500 + $291,900

$532,400

2013

$9,338 (+0.6%)

$240,500 + $291,900

$532,400

2012

$9,285 (+2.6%)

$240,500 + $291,900

$532,400

2011

$9,051 (+2.7%)

$229,700 + $104,400

$334,100

2010

$8,817 (+4.2%)

$229,700 + $104,400

$334,100

2009

$8,463

$229,700 + $104,400

$334,100

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

Zoning

R-4

Single-Family Residential 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
Housing-Multiple units
Park & open space

Property details

Exterior

Exterior Information
Exterior Wall: Frame

Property Information
Living Sq. Ft: 2,988
# of Stories: 2.5

Lot Information
# of Buildings: 1
Land Sq. Ft: 7,701
Legal Lot Number: 10
Legal Block Number: 1702
Municipality Name: MADISON BORO
Acres: 0.1768
Depth Footage: 154
Front Footage: 50
Zoning Code: R-4
State Use Description: APARTMENT

Financial

Assessor Information
Assessment Year: 2026
Tax District County: MADISON BOROUGH

Public facts

Beds: —
Baths: —
Sq. Ft.: 2,988
Stories: 2.5
Lot Size: 7,701 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1900
Year Renovated: —
County: Morris County
APN: 1701702 00010

Home facts updated by county records on Oct 8, 2026

Around this home

Schools

K - 12
Preschool & daycare

Central Avenue Elementary School

Public PreK-5 • Assigned • 0.1mi

9/10

Madison Junior Middle School

Public 6-8 • Assigned • 0.3mi

7/10

Madison High School

Public 9-12 • Assigned • 0.6mi

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

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

Is this your home?

Track this home’s value and nearby sales activity

Nearby similar homes

$1,950,000

1 bed5 baths— sq ft

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263 Us Highway 206, Stanhope, NJ 07874-3282

Two lots • Prime location • Zoning framework

New listings for sale in 07940-1226

$710,000

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146 Ridgedale Ave, Madison, NJ 07940-1226

Premier location • Central a/c • Newer boiler

$1,150,000

2 beds2.5 baths— sq ft

15 Norman Cir, Madison, NJ 07940-2808

Oversized cape cod • Flexible floor plan • Hardwood floors

$899,000

4 beds2 baths2,412 sq ft

9 North St, Madison, NJ 07940

Updated kitchen • Back deck • Detached garage

$889,000

4 beds2 baths— sq ft

32 Longview Ave, Madison, NJ 07940-1747

Lemonade front porch • Walk-in closet • Walk-up attic

$839,000

3 beds1.5 baths— sq ft

5 Rosemont Ave, Madison, NJ 07940-1427

6,098 sq ft lot • Garage • Built 1948

$650,000

4 beds2 baths— sq ft

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0.26 acre lot • 2 garage spots • Built 1941

Home values near 3 Locust St

Data from public records.

Address	Redfin Estimate
2 Locust St, Madison, NJ 3 Beds \| 2 Baths \| - Sq. Ft.	$997,804
6 Locust St, Madison, NJ - Beds \| - Baths \| 3538 Sq. Ft.	$1,459,472
11 Locust St, Madison, NJ - Beds \| - Baths \| 3012 Sq. Ft.	$1,233,899
7 Howell St, Madison, NJ 6 Beds \| 2 Baths \| - Sq. Ft.	$1,215,516
77 Central Ave, Madison, NJ - Beds \| - Baths \| - Sq. Ft.	$1,544,059
73 Central Ave, Madison, NJ - Beds \| - Baths \| - Sq. Ft.	$1,423,302

Address	Redfin Estimate
10 Locust St, Madison, NJ 5 Beds \| 3.5 Baths \| - Sq. Ft.	$1,805,350
9 Locust St, Madison, NJ 4 Beds \| 2 Baths \| 2056 Sq. Ft.	$899,134
85 Central Ave, Madison, NJ - Beds \| - Baths \| 2008 Sq. Ft.	$860,332
3 Howell St, Madison, NJ - Beds \| - Baths \| 1127 Sq. Ft.	$680,657
69 Central Ave, Madison, NJ - Beds \| - Baths \| 1382 Sq. Ft.	$741,400

Address	Redfin Estimate
4 Locust St, Madison, NJ - Beds \| - Baths \| 2734 Sq. Ft.	$997,980
7 Locust St, Madison, NJ - Beds \| - Baths \| 3856 Sq. Ft.	$1,012,263
10 Howell St, Madison, NJ 5 Beds \| 3.5 Baths \| - Sq. Ft.	$1,171,781
1 Howell St, Madison, NJ - Beds \| - Baths \| 1004 Sq. Ft.	$899,721
75 Central Ave, Madison, NJ - Beds \| - Baths \| - Sq. Ft.	$1,466,055

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