Off Market Dec 2022 for $818K

$1,288,976

Est. refi paymentEst. refi $5,326/mo

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— ba

•

—

sq ft

51 Prospect St, Madison, NJ 07940-2622

About this home

Single-familyProperty Type

1942Year Built

0.3 acresLot Size

Listed by SUSAN OLDENDORP • COMPASS NEW JERSEY, LLC

Contact: 973-310-6816

Bought with FREDERICK WYNNE II • KELLER WILLIAMS REALTY

Redfin checked: 2 minutes ago

•Source:GSMLS #3814665

Redfin Estimate

$1,288,976

$470K since sold in December 2022$150K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 4.6% higher than the average sale price ($1.23M) of 6 comparable homes.

SOLD MAY 22, 2026
$1,300,000
A
3 beds2.5 baths— sq ft
51 Albright Cir, Madison, NJ 07940-2629
SOLD AUG 21, 2026
$1,610,000
B
3 beds2.5 baths— sq ft
75 Woodland Rd, Madison, NJ 07940-2814
SOLD AUG 10, 2026
10 Overhill Dr, Madison, NJ 07940-1312
$899,999
C
3 beds2.5 baths— sq ft
10 Overhill Dr, Madison, NJ 07940-1312
SOLD JUN 11, 2026
64 Shunpike Rd, Madison, NJ 07940-2720
$785,000
D
3 beds2.5 baths— sq ft
64 Shunpike Rd, Madison, NJ 07940-2720
SOLD JUN 30, 2026
$1,260,000
E
4 beds2 baths— sq ft
33 Hoyt St, Madison, NJ 07940-1633
SOLD JUL 2, 2026
23 Crestview Ave, Madison, NJ 07940-2821
$1,540,000
F
3 beds2.5 baths— sq ft
23 Crestview Ave, Madison, NJ 07940-2821

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Earn from this home

Sell

$604,904

Est. take-home

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Refinance

Est. cash available

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Rent

$4,538/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

110.0%

0.7% MoM

Median sale price

$1.3M

$15K MoM

Avg. days on market

16d

0 days MoM

Recently sold homes

2 MoM

New listings for sale

OPEN SAT, 2PM TO 4PM
$950,000
3 beds1.5 baths— sq ft
25 Knollwood Ave, Madison, NJ 07940-1743
EARLY ACCESS
$1,100,000
3 beds3 baths2,224 sq ft
35 Maple Ave, Madison, NJ 07940
NEW 20 HRS AGO
$1,349,999
4 beds3 baths— sq ft
96 North St, Madison, NJ 07940-1132
NEW 25 HRS AGO
$865,000
3 beds2 baths2,618 sq ft
55 Myrtle Ave, Madison, NJ 07940-1235
COMING SOON
$1,949,000
5 beds5.5 baths— sq ft
36 Highland Ave, Madison, NJ 07940-2150
OPEN SAT, 2PM TO 4PM
$1,689,000
4 beds3 baths— sq ft
123 Green Ave, Madison, NJ 07940-2531
OPEN SAT, 1PM TO 3PM
$975,000
3 beds2.5 baths— sq ft
37 Spring Garden Dr, Madison, NJ 07940-2253
OPEN SAT, 2PM TO 4PM
$1,069,000
4 beds2.5 baths— sq ft
51 Spring Garden Dr, Madison, NJ 07940-2253
$2,750,000
5 beds5 baths— sq ft
1 Park Ln, Madison, NJ 07940-2714
COMING SOON
$2,250,000
5 beds3.5 baths— sq ft
106 Pomeroy Rd, Madison, NJ 07940-2621
See all

Provided by Redfin

Sale history for 51 Prospect St

Year

Property tax

Land + Additions

Assessment*

2025

$14,475 (+5.8%)

$415,400 + $226,800

$642,200

2024

$13,679 (+3.4%)

$415,400 + $226,800

$642,200

2023

$13,223 (+0.2%)

$415,400 + $226,800

$642,200

2022

$13,191 (+1.4%)

$415,400 + $226,800

$642,200

2021

$13,011 (+1.0%)

$415,400 + $226,800

$642,200

2020

$12,876 (+1.6%)

$415,400 + $226,800

$642,200

2019

$12,671 (+2.6%)

$415,400 + $226,800

$642,200

2018

$12,350 (+0.8%)

$415,400 + $226,800

$642,200

2017

$12,253 (+1.8%)

$415,400 + $226,800

$642,200

2016

$12,041 (+5.5%)

$415,400 + $226,800

$642,200

2014

$11,418 (+1.4%)

$415,400 + $226,800

$642,200

2013

$11,264 (−6.2%)

$415,400 + $226,800

$642,200

2012

$12,005 (+2.6%)

$415,400 + $226,800

$642,200

2011

$11,703 (+2.7%)

$311,800 + $120,200

$432,000

2010

$11,400 (+4.2%)

$311,800 + $120,200

$432,000

2009

$10,943

$311,800 + $120,200

$432,000

Tax history for 51 Prospect St

Year

Property tax

Land + Additions

Assessment*

2025

$14,475 (+5.8%)

$415,400 + $226,800

$642,200

2024

$13,679 (+3.4%)

$415,400 + $226,800

$642,200

2023

$13,223 (+0.2%)

$415,400 + $226,800

$642,200

2022

$13,191 (+1.4%)

$415,400 + $226,800

$642,200

2021

$13,011 (+1.0%)

$415,400 + $226,800

$642,200

2020

$12,876 (+1.6%)

$415,400 + $226,800

$642,200

2019

$12,671 (+2.6%)

$415,400 + $226,800

$642,200

2018

$12,350 (+0.8%)

$415,400 + $226,800

$642,200

2017

$12,253 (+1.8%)

$415,400 + $226,800

$642,200

2016

$12,041 (+5.5%)

$415,400 + $226,800

$642,200

2014

$11,418 (+1.4%)

$415,400 + $226,800

$642,200

2013

$11,264 (−6.2%)

$415,400 + $226,800

$642,200

2012

$12,005 (+2.6%)

$415,400 + $226,800

$642,200

2011

$11,703 (+2.7%)

$311,800 + $120,200

$432,000

2010

$11,400 (+4.2%)

$311,800 + $120,200

$432,000

2009

$10,943

$311,800 + $120,200

$432,000

*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

50 ft.

Lot depth

264 ft.

Lot size

13,068

Year renovated

—

Sq. Ft.

1,838

Year built

1942

Style

Single Family Residential

County

Morris County

APN

1703702 00029

Parking Spaces

Basement

Accessible

HOA Dues

—

Garage

Features

—

Last updated by owner on Nov 12, 2024.

R-3

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

Exterior

Lot Information
Approximate Lot Size: 50,264

Public facts

Beds: 3
Baths: —
Sq. Ft.: 1,838
Stories: 2.0
Parking Spaces: 0
Basement: No
Accessible: No
Lot Size: 0.3 acres
Style: Single Family Residential
Year Built: 1942
Year Renovated: —
County: Morris County
APN: 1703702 00029
HOA Dues: —
Garage: No
Features: —

Home facts updated by owner on Nov 12, 2024

Other

Listing Information
Attribution Contact: 973-310-6816

Around this home

Schools

Central Avenue Elementary School

Public PreK-5 • Assigned • 0.5mi

9/10

Madison Junior Middle School

Public 6-8 • Assigned • 0.5mi

7/10

Madison High School

Public 9-12 • Assigned • 1.2mi

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 • 07940-2622

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

$1.23M – $1.48M

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Nearby similar homes

NEW 25 HRS AGO3D WALKTHROUGH

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New listings for sale in 07940-1743

OPEN SAT, 2PM TO 4PM

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3 beds1.5 baths— sq ft

25 Knollwood Ave, Madison, NJ 07940-1743

EARLY ACCESSCOMPASS COMING SOON

$1,100,000

3 beds3 baths2,224 sq ft

35 Maple Ave, Madison, NJ 07940

NEW 20 HRS AGO

$1,349,999

4 beds3 baths— sq ft

96 North St, Madison, NJ 07940-1132

NEW 25 HRS AGO3D WALKTHROUGH

$865,000

3 beds2 baths2,618 sq ft

55 Myrtle Ave, Madison, NJ 07940-1235

COMING SOON

$1,949,000

5 beds5.5 baths— sq ft

36 Highland Ave, Madison, NJ 07940-2150

OPEN SAT, 2PM TO 4PM3D WALKTHROUGH

$1,689,000

4 beds3 baths— sq ft

123 Green Ave, Madison, NJ 07940-2531

OPEN SAT, 1PM TO 3PM

$975,000

3 beds2.5 baths— sq ft

37 Spring Garden Dr, Madison, NJ 07940-2253

OPEN SAT, 2PM TO 4PM

$1,069,000

4 beds2.5 baths— sq ft

51 Spring Garden Dr, Madison, NJ 07940-2253

$2,750,000

5 beds5 baths— sq ft

1 Park Ln, Madison, NJ 07940-2714

Home values near 51 Prospect St

Data from public records.

Address	Redfin Estimate
42 Prospect Street, Madison, NJ 6 Beds \| 4.5 Baths \| - Sq. Ft.	$2,567,510
50 Prospect Street, Madison, NJ - Beds \| - Baths \| 2719 Sq. Ft.	$1,443,299

Address	Redfin Estimate
48 Prospect Street, Madison, NJ - Beds \| - Baths \| 2646 Sq. Ft.	$1,416,585
52 Prospect Street, Madison, NJ - Beds \| - Baths \| 5084 Sq. Ft.	$1,976,716

Address	Redfin Estimate
46 Prospect Street, Madison, NJ - Beds \| - Baths \| 2925 Sq. Ft.	$2,031,711
58 Prospect Street, Madison, NJ 3 Beds \| 2.5 Baths \| - Sq. Ft.	$1,487,527

Property information provided by GSMLS when last listed in 2022. This data may not show owner updates. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 07940, NJ

Sale history for 51 Prospect St

Tax history for 51 Prospect St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 07940-1743

Home values near 51 Prospect St

More real estate resources