16 Prospect Street, Madison, NJ 07940 Property Information
16 Prospect Street, Madison, NJ 07940 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 16 Prospect Street, Madison |
| Zip code | 07940 |
| County | Morris |
| Municipality | Madison Borough |
| Block | 2601 |
| Lot | 10.03 |
| Qualifier | Register |
Sales & Tax Overview for 16 Prospect Street, Madison
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 05/22/2007 |
| Sale price | $1 |
| Arm's length | Register |
| Property tax | $18,690 |
Lot & Building Information for 16 Prospect Street, Madison
| Building sqft | 3,147 |
| Building class | Store-Other (739) |
| Acreage | 0.2 |
| Year built | 1920 |
Zoning, Use & Area Overview
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Other Property Data for 16 Prospect Street, Madison
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- • Improvements for 16 Prospect Street, Madison , including their type, square footage, grade and when they were built.
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About 16 Prospect Street, Madison
This Store-Other (739) located at 16 Prospect Street, Madison, NJ 07940 has a total of 3,147 square feet.
What is the year built & the current market value of 16 Prospect Street, Madison, NJ 07940?16 Prospect Street, Madison, NJ 07940 was built in 1920 and has a current tax assessor's market value of $739,900.
Ownership Information
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Past Sales & Property History for 16 Prospect Street, Madison
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Title Documents for 16 Prospect Street, Madison
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R: Recorded date
D: Document date
Property Taxes for 16 Prospect Street, Madison
Access detailed property tax data for 16 Prospect Street, Madison, NJ 07940. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Property tax | $18,690 |
| Market value | $739,900 |
Assessment History for 16 Prospect Street, Madison
Here's the assessment & property tax history for 16 Prospect Street, Madison, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessment value | Total tax rate | Property tax | Year over year change |
|---|---|---|---|---|---|
| 2025 | $739,900 | $739,900 | 2.526 | $18,690 | +18.59% |
| 2024 | $739,900 | $739,900 | 2.13 | $15,760 | +3.45% |
| 2023 | $739,900 | $739,900 | 2.059 | $15,235 | +0.24% |
| 2022 | $739,900 | $739,900 | 2.054 | $15,198 | +1.38% |
| 2021 | $739,900 | $739,900 | 2.026 | $14,990 | +1.05% |
Demographics by Zip Code
| Total population | 17,610 |
| Median age | 35.3 |
| Average household income | $263,789 |
| Family households | 68.3% |
| Occupied housing units | 5,653 |
| Owner occupied units | 64.0% |
| People per household (average) | 2.65 |
| Median year structure built | 1961 |
| Median value for units with a mortgage | $973,000 |
| Median value for units without a mortgage | $872,000 |
Risk
Create a free account to unlock extended information for 16 Prospect Street, Madison, including whether it's located in FEMA flood zones, floodways or special flood hazard areas, as well as the Coastal barriers resources system area (COBRA).
| Fire hazard zone | See more on map |
| Geohazard zones map | Register |
Transportation
Access the detailed traffic volume map for 16 Prospect Street, Madison to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
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Neighbors for 16 Prospect Street, Madison
Here are the neighbors for 16 Prospect Street, Madison.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 117 Main St, Madison | 6,505 | ||
| 153 Main St, Madison | 1,550 | 03/12/2026 | $1 |
| 22 Prospect St, Madison | 7,500 | 03/15/1996 | $1 |
| 171 Main St, Madison | 12,880 | ||
| 114 Kings Rd, Madison | |||
| 133 Main St, Madison | 71,640 | 05/16/2006 | $1 |
| 10 Prospect St, Madison | 05/11/2006 | $2,854,000 | |
| 3 Cottage Pl, Madison | 2,652 | 04/06/2010 | $1 |
| 137 Main St, Madison | 7,244 | 09/08/2000 | $575,000 |
| 139 Main St, Madison | 1,353 | 02/27/2015 | $320,000 |
| 143 Main St, Madison | 1,255 | 08/08/2023 | $320,000 |
| 159 Main St, Madison | 5,044 | 01/27/2017 | $1,850,000 |
| 14 Prospect St, Madison | 4,640 | ||
| 155 Main St, Madison | 1,419 | ||
| 1 Cottage Pl, Madison | 1,868 | 06/22/2023 | $645,000 |
| 12 Cross St, Madison | 1,456 | 12/05/2024 | $752,500 |
| 16 Cross St, Madison | 1,534 | 08/02/2013 | $374,000 |
| 145 Main St, Madison | 792 | 11/01/2017 | $387,500 |
| 107 Main St, Madison | 13,135 | 11/04/2021 | $1 |
| 10 Cross St, Madison | 1,548 | 06/19/2008 | $429,000 |