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Vacant LandVacant Land
Last sold for $1,700,000 on Aug 29, 2007

PROSPECT PL

MADISON, NJ 07940
0
Baths
0.73 ac
Lot SizeThe size of the land the home sits on, from county records.

Valuation

Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$1,700,000 · Aug 29, 2007

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$7,711 (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.$362,000 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$362,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$362,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$362,000

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Vacant Land
CountyMORRIS
Lot (acres)The size of the land the home sits on, from county records.0.73
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(1)

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 · 0.5 mi
M
Madison Junior SchoolB
Middle · Grades 6–8 · 1.5 mi
H
Madison High SchoolA-
High · Grades 9–12 · 2.0 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%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Absentee owner
Company ownedWhether the owner is a company or trust rather than a person.No

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

Prospect Pl 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 bigger lot than 95% 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.

Lot size0.73 ac
SmallerTypical 0.24 acBigger

Bigger than 95% of homes nearby

How Prospect Pl ranks against every home in each area.
MeasureThis homeMadison 07940Morris County
Lot sizebigger than0.73 ac95% of homes79% of homes

About Prospect Pl

When did Prospect Pl, Madison, NJ last sell?

Prospect Pl, Madison, NJ last sold on Aug 29, 2007 for $1,700,000, according to the county's recorded deed.

What schools serve Prospect Pl, Madison, NJ?

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

What are the property taxes on Prospect Pl, Madison, NJ?

The 2024 property tax bill for Prospect Pl, Madison, NJ was $7,711. The county assessed it at $362,000.

Closest homes

More homes in Madison 07940

Assigned schools

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See this home in context

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