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Exempt (Full Or Partial)Other / Unknown
Last sold for $160,000 on Oct 3, 2019

7 ELM ST

MADISON, NJ 07940
0
Baths
2,801 ft²
Lot SizeThe size of the land the home sits on, from county records.
2021
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.

Valuation

Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$160,000 · Oct 3, 2019

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,233 (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.$384,600 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$151,800
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$232,800
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$151,800
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$384,600

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Exempt (Full Or Partial)
CountyMORRIS
Lot (acres)The size of the land the home sits on, from county records.0.06
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(3)

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
Central Avenue Elementary SchoolA
Elementary · Grades PK–5 · 0.4 mi
H
Madison High SchoolB+
High · Grades 9–12 · 0.7 mi
M
Madison Junior SchoolA
Middle · Grades 6–8 · 0.8 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

7 Elm St 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.

  • Has a smaller lot than 92% of homes in Morris County
  • Among the newest 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.

Lot size2,801 ft²
SmallerTypical 0.24 acBigger

Bigger than 10% of homes nearby

Year built2021
OlderTypical 1953Newer

Newer than almost all homes nearby

How 7 Elm St ranks against every home in each area.
MeasureThis homeMadison 07940Morris County
Lot sizebigger than2,801 ft²10% of homes8% of homes
Year builtnewer than2021almost all homesalmost all homes

About 7 Elm St

When did 7 Elm St, Madison, NJ last sell?

7 Elm St, Madison, NJ last sold on Oct 3, 2019 for $160,000, according to the county's recorded deed. TopHap holds 3 recorded sales for this parcel.

When was 7 Elm St, Madison, NJ built?

7 Elm St, Madison, NJ was built in 2021, making it 5 years old. The building has 2 stories.

What schools serve 7 Elm St, Madison, NJ?

7 Elm St, Madison, NJ is assigned to Central Avenue Elementary School (elementary), rated A; Madison High School (high), rated B+; Madison Junior School (middle), rated A. All sit in Madison Borough School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 7 Elm St, Madison, NJ compare to other homes in Madison 07940?

Among the 4,474 homes in Madison 07940, its lot is bigger than 10% of them (2,801 ft² against a typical 0.24 ac) and it is newer than almost all of them (2021 against a typical 1953). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 7 Elm St, Madison, NJ?

The 2024 property tax bill for 7 Elm St, Madison, NJ was $3,233. The county assessed it at $384,600.

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