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Single Family ResidenceResidential
$1,142,387$578 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 88How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $999,990 on Jan 30, 2025

16B LATHROP AVE

MADISON, NJ 07940
0
Baths
1,976 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
1,884 ft²
Lot SizeThe size of the land the home sits on, from county records.
2014
Year BuiltThe year the home was originally built, according to county records.

Valuation

$1.1M
$1M low$1.3M high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$999,990 · Jan 30, 2025

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$12,109 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$568,500 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$225,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$343,500
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$568,500
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$568,500

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.43
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
6
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
64
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
97
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
47
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyMORRIS
Lot (acres)The size of the land the home sits on, from county records.0.04
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Torey J. Sabatini Elementary SchoolA+
Elementary · Grades KG–5 · 0.1 mi
M
Madison Junior SchoolA
Middle · Grades 6–8 · 1.1 mi
H
Madison High SchoolB+
High · Grades 9–12 · 1.6 mi

District: Madison Borough School District

Neighborhood · ZIP 07940These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.54
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.98
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.104

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.42%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.3.8%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.17,707
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,782 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$157,455
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$211,017
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.52 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.56%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

16b Lathrop Ave measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 85% of homes in Morris County
  • Costs more per square foot than 94% of homes in Morris County
  • Has a smaller lot than 95% of homes in Morris County
  • Newer than 96% of homes in Morris County

What homes are worth in Madison 07940

Each bar is how many homes fall in that price range. The marker is this home.

This home
$599K$3.1M

This home is worth more than 52% of homes in Madison 07940.

How it measures up in Madison 07940

The dot is this home. The mark in the middle is the typical home in Madison 07940.

Estimated value$1,142,387
CheaperTypical $1,119,761Pricier

Pricier than 52% of homes nearby

Price per ft²$578
CheaperTypical $549Pricier

Pricier than 61% of homes nearby

Living area1,976 ft²
SmallerTypical 2,184 ft²Bigger

Bigger than 39% of homes nearby

Lot size1,884 ft²
SmallerTypical 0.24 acBigger

Bigger than 8% of homes nearby

Year built2014
OlderTypical 1953Newer

Newer than 95% of homes nearby

How 16b Lathrop Ave ranks against every home in each area.
MeasureThis homeMadison 07940Morris County
Estimated valuepricier than$1,142,38752% of homes85% of homes
Price per ft²pricier than$57861% of homes94% of homes
Living areabigger than1,976 ft²39% of homes50% of homes
Lot sizebigger than1,884 ft²8% of homes5% of homes
Year builtnewer than201495% of homes96% of homes

About 16b Lathrop Ave

How much is 16b Lathrop Ave, Madison, NJ worth?

The TopHap Estimate for 16b Lathrop Ave, Madison, NJ is $1,142,387 as of Sep 24, 2026. The likely range is $1,009,145 to $1,275,629. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 16b Lathrop Ave, Madison, NJ last sell?

16b Lathrop Ave, Madison, NJ last sold on Jan 30, 2025 for $999,990, according to the county's recorded deed.

How big is 16b Lathrop Ave, Madison, NJ?

16b Lathrop Ave, Madison, NJ has 1,976 square feet of living space and a 0.04-acre lot.

When was 16b Lathrop Ave, Madison, NJ built?

16b Lathrop Ave, Madison, NJ was built in 2014, making it 12 years old. It is a condo/apartment home.

What schools serve 16b Lathrop Ave, Madison, NJ?

16b Lathrop Ave, Madison, NJ is assigned to Torey J. Sabatini Elementary School (elementary), rated A+; Madison Junior School (middle), rated A; Madison High School (high), rated B+. All sit in Madison Borough School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 16b Lathrop Ave, Madison, NJ compare to other homes in Madison 07940?

Among the 4,474 homes in Madison 07940, it is worth more than 52% of them ($1,142,387 against a typical $1,119,761), its price per square foot is higher than 61% of them ($578 against a typical $549), it is bigger than 39% of them (1,976 ft² against a typical 2,184 ft²), its lot is bigger than 8% of them (1,884 ft² against a typical 0.24 ac) and it is newer than 95% of them (2014 against a typical 1953). Measured against all of Morris County, it is worth more than 85% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 16b Lathrop Ave, Madison, NJ?

The 2024 property tax bill for 16b Lathrop Ave, Madison, NJ was $12,109. The county assessed it at $568,500.

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