Off market aug 2021 for $1.4M

$2,257,767

Est. refi paymentEst. refi $9,271/mo

•

5.5 ba

•

—

sq ft

5 Laurel Way, Madison, NJ 07940-1001

About this home

Single-familyProperty Type

0.3 acresLot Size

Listed by ELIZABETH RUTLAND • COLDWELL BANKER REALTY

Listed by ELIZABETH HURLEY

Contact: 973-377-4444

Bought with ELIZABETH HURLEY • COLDWELL BANKER REALTY

Bought with ELIZABETH RUTLAND

Redfin checked: a minute ago

•Source:GSMLS #3724543

Redfin Estimate

$2,257,767

$844K since sold in August 2021$29K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 37.4% higher than the average sale price ($1.64M) of 6 comparable homes.

SOLD SEP 1, 2026
$1,780,000
A
5 beds4.5 baths— sq ft
4 Shadylawn Dr, Madison, NJ 07940
SOLD AUG 7, 2026
$1,250,888
B
5 beds2.5 baths— sq ft
10 Dickens Ct, Morristown, NJ 07960-6963
SOLD JUL 7, 2026
$1,300,000
C
5 beds4 baths— sq ft
8 Bennington Rd, Morristown, NJ 07960-6127
SOLD AUG 24, 2026
11 Fairwood Rd, Madison, NJ 07940-1402
$2,050,000
D
5 beds3 baths— sq ft
11 Fairwood Rd, Madison, NJ 07940-1402
SOLD JUN 26, 2026
$1,350,000
E
4 beds2.5 baths— sq ft
2 Barnstable Ct, Morristown, NJ 07960-6907
SOLD MAY 5, 2026
$2,131,000
F
5 beds6.5 baths— sq ft
12 Fox Hollow Rd, Morristown, NJ 07960-6929

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Earn from this home

Sell

$1,107,086

Est. take-home

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Refinance

Est. cash available

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Rent

$4,428/mo

Redfin rental estimate

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Market trends in 07940, NJ

Last updated September 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

OPEN SUN, 12PM TO 2PM
$1,499,999
5 beds4 baths— sq ft
13 Samson Ave, Madison, NJ 07940
EXP Realty, LLC, (866) 201-6210
OPEN SAT, 12PM TO 2PM
$998,000
4 beds2 baths— sq ft
2 Buckingham Dr, Madison, NJ 07940-1204
OPEN SAT, 2PM TO 4PM
$490,000
2 beds1.5 baths— sq ft
34 Loantaka Way Unit K, Madison, NJ 07940-1920
$1,150,000
2 beds2.5 baths— sq ft
15 Norman Cir, Madison, NJ 07940
See all

Provided by Redfin

Redfin agents who toured

Mostly original rancher backs up to Madison Avenue, located on corner lot. Lots of potential for contractor or handyman.
9 years ago• May not reflect the current state of the home
Darlene Schror
Redfin Premier agent • Agent

Sale history for 5 Laurel Way

Date

Event

Price

Public Records

Oct 6, 2021

Sold

$1,413,500

GSMLS #3724543

Aug 25, 2021

Sold

$1,413,500

Jul 26, 2021

Delisted

—

Jul 12, 2021

Listed

$1,499,900

Jul 2, 2021

Coming Soon

$1,499,900

GSMLS #3562934

Aug 27, 2020

Sold

$1,200,000

Jul 13, 2020

Contingent

—

Jun 22, 2020

Price Changed

$1,259,000

Feb 5, 2020

Price Changed

$1,285,000

Jan 9, 2020

Price Changed

$1,325,000

Dec 5, 2019

Price Changed

$1,375,000

Sep 16, 2019

Price Changed

$1,385,000

Jun 5, 2019

Listed

$1,395,000

NJMLS #1

Feb 11, 2020

Price Changed

$1,285,000

Jan 10, 2020

Price Changed

$1,325,000

Dec 5, 2019

Price Changed

$1,375,000

Oct 17, 2019

Price Changed

$1,385,000

Public Records

Jun 7, 2017

Sold

$625,000

GSMLS #3380262

May 5, 2017

Sold

$625,000

Apr 26, 2017

Delisted

—

Apr 19, 2017

Listed

$596,000

Year

Property tax

Land + Additions

Assessment*

2026

$27,912 (+6.5%)

$383,400 + $779,600

$1,163,000

2025

$26,214 (+5.8%)

$383,400 + $779,600

$1,163,000

2024

$24,772 (+3.4%)

$383,400 + $779,600

$1,163,000

2023

$23,946 (+0.2%)

$383,400 + $779,600

$1,163,000

2022

$23,888 (+143.9%)

$383,400 + $779,600

$1,163,000

2021

$9,794 (+1.0%)

$383,400 + $779,600

$1,163,000

2020

$9,692 (+20.3%)

$383,400 + $100,000

$483,400

2019

$8,058 (−32.5%)

$383,400 + $100,000

$483,400

2018

$11,942 (+0.8%)

$383,400 + $25,000

$408,400

2017

$11,849 (+1.8%)

$383,400 + $237,600

$621,000

2016

$11,643 (+5.5%)

$383,400 + $237,600

$621,000

2014

$11,041 (+1.4%)

$383,400 + $237,600

$621,000

2013

$10,892 (+25.6%)

$383,400 + $237,600

$621,000

2012

$8,671 (+2.7%)

$383,400 + $237,600

$621,000

2011

$8,446 (+2.7%)

$221,300 + $99,700

$321,000

2010

$8,221 (+4.3%)

$221,300 + $99,700

$321,000

2009

$7,881

$221,300 + $99,700

$321,000

Tax history for 5 Laurel Way

Year

Property tax

Land + Additions

Assessment*

2026

$27,912 (+6.5%)

$383,400 + $779,600

$1,163,000

2025

$26,214 (+5.8%)

$383,400 + $779,600

$1,163,000

2024

$24,772 (+3.4%)

$383,400 + $779,600

$1,163,000

2023

$23,946 (+0.2%)

$383,400 + $779,600

$1,163,000

2022

$23,888 (+143.9%)

$383,400 + $779,600

$1,163,000

2021

$9,794 (+1.0%)

$383,400 + $779,600

$1,163,000

2020

$9,692 (+20.3%)

$383,400 + $100,000

$483,400

2019

$8,058 (−32.5%)

$383,400 + $100,000

$483,400

2018

$11,942 (+0.8%)

$383,400 + $25,000

$408,400

2017

$11,849 (+1.8%)

$383,400 + $237,600

$621,000

2016

$11,643 (+5.5%)

$383,400 + $237,600

$621,000

2014

$11,041 (+1.4%)

$383,400 + $237,600

$621,000

2013

$10,892 (+25.6%)

$383,400 + $237,600

$621,000

2012

$8,671 (+2.7%)

$383,400 + $237,600

$621,000

2011

$8,446 (+2.7%)

$221,300 + $99,700

$321,000

2010

$8,221 (+4.3%)

$221,300 + $99,700

$321,000

2009

$7,881

$221,300 + $99,700

$321,000

*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

103 ft.

Lot depth

125 ft.

Lot size

0.3 Acres

Year renovated

—

Sq. Ft.

4,958

Year built

2018

Style

Single Family Residential

County

Morris County

APN

1703301 00032

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 8, 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 • 1.3mi

8/10

Madison Junior Middle School

Public 6-8 • Assigned • 1.9mi

7/10

Madison High School

Public 9-12 • Assigned • 1.6mi

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 100° 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 • 07940-1001

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

$2.15M – $2.60M

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Nearby similar homes

$2,050,000

4 beds4 baths— sq ft

2 Travis Ln, Morris Twp, NJ 07960

$1,419,000

3 beds3.5 baths— sq ft

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$679,900

3 beds3.5 baths3,143 sq ft

14 Stoney Hill Rd, Mendham Twp., NJ 07926

NEW CONSTRUCTION

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7 beds7 baths6,881 sq ft

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NEW CONSTRUCTION

$2,600,000

7 beds6.5 baths7,350 sq ft

39 Mackenzie Rd, Morristown, NJ 07960

Listing provided by Zillow

$2,750,000

6 beds6 baths— sq ft

9 Westminster Pl, Morristown, NJ 07960-5809

New listings for sale in 07940

OPEN SUN, 12PM TO 2PM

$1,499,999

5 beds4 baths— sq ft

13 Samson Ave, Madison, NJ 07940

EXP Realty, LLC, (866) 201-6210

OPEN SAT, 12PM TO 2PM

$998,000

4 beds2 baths— sq ft

2 Buckingham Dr, Madison, NJ 07940-1204

OPEN SAT, 2PM TO 4PM

$490,000

2 beds1.5 baths— sq ft

34 Loantaka Way Unit K, Madison, NJ 07940-1920

$1,150,000

2 beds2.5 baths— sq ft

15 Norman Cir, Madison, NJ 07940

Home values near 5 Laurel Way

Data from public records.

Address	Redfin Estimate
19 Laurel Way, Madison, NJ - Beds \| - Baths \| 2235 Sq. Ft.	$1,227,586
23 Laurel Way, Madison, NJ - Beds \| - Baths \| 2235 Sq. Ft.	$1,322,891

Address	Redfin Estimate
15 Laurel Way, Madison, NJ - Beds \| - Baths \| 2451 Sq. Ft.	$1,444,883
11 Laurel Way, Madison, NJ 4 Beds \| 2.5 Baths \| - Sq. Ft.	$1,301,431

Address	Redfin Estimate
27 Laurel Way, Madison, NJ - Beds \| - Baths \| 2106 Sq. Ft.	$1,461,481
9 Laurel Way, Madison, NJ 5 Beds \| 3.5 Baths \| - Sq. Ft.	$1,435,471

Property information provided by GSMLS when last listed in 2021. This data may not match . Learn more.

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5 Laurel Way, Madison, NJ 07940-1001

About this home

Redfin Estimate

Earn from this home

Market trends in 07940, NJ

Redfin agents who toured

Sale history for 5 Laurel Way

Tax history for 5 Laurel 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 5 Laurel Way

More real estate resources

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Summit homes for sale
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