Morris County  »  07940  »  Prospect St  »  58 Prospect St

58 Prospect Street, Madison, NJ 07940 - Property report

Also known as: 58 Prospect St

Property image for 58 Prospect Street, Madison, NJ 07940
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Property type

Residential (2)

Year built

1936

Acreage

0.472

Sale price

$1,100,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
58 Prospect Street
ZIP code
07940
County
Morris
Block
3803
Lot
43
Municipality
1417
Parcel ID
3803-43

Owner

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Sales
Sale date
10/30/2023
Sale price
$1,100,000
Arm's length
Tax
Tax year
2026
Current property tax
$20,160
Building
Property type
Residential (2)
Building sq. ft.
1,996
Stories
1.5
Year built
1936
Exterior structural material
Lot
Acreage
0.472
Garage
Attached
Zoning & Use
Zoning

Area overview

Walk score
77 /100.  Very Walkable
Transit score
0 /100.  Minimal Transit
Bike score
42 /100.  Somewhat Bikeable
Broadband internet providers and speed map
Types of broadband connections
Ownership

Ownership information for 58 Prospect Street, Madison, NJ

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 58 Prospect Street, Madison, NJ 07940

Sale date Sale price Buyer name Seller name
10/30/2023 $1,100,000 XXXXXXXX XXXX; XXXXXXXX XXXXX XXXXXX XXXXXX-XXXXX XXX XXX; XXXXX XXX XXX XXXXXX; XXXXX XXXXX
07/27/2007 $883,500 XXXXX, XXXXX & XXX XXX XXXXXX XXXXXXX, XXXXX X & XXXXXXXXX X
08/15/1997 $435,000

*Most recent sales on record for this property.

More about Morris County property records.

Title documents

Date Type Amount Party 1 Party 2 Doc #
04/01/2026 - R
03/25/2026 - D		 Mortgage XXXXXXXX XXXX XXXXXX XXXX
11/02/2023 - R
10/30/2023 - D		 Mortgage XXXXXXXX XXXX XXXXXX XXXX
11/02/2023 - R
10/30/2023 - D		 Deed and Realty Tax Fees XXXXXX-XXXXX XXX XXX XXXXXXXX XXXX
12/03/2019 - R
11/26/2019 - D		 Assignment XXXXXX-XXXXX XXX XXX XXXXXX XXXXXXX XXXXXX XXXXX
11/14/2019 - R
09/25/2019 - D		 Mortgage XXXXXX XXX XXX XXXXX XXXXXX XXXXXXX XXXXXX XXXXX
11/14/2019 - R
09/25/2019 - D		 Mortgage XXXXXX XXX XXX XXXXX XXXX XXXXXXXX XXXX
08/02/2007 - R
07/27/2007 - D		 Deed and Realty Tax Fees XXXXXXX, XXXXX X & XXXXXXXXX X XXXXX, XXXXX & XXX XXX XXXXXX
08/15/1997 - D Deed and Realty Tax Fees

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 58 Prospect Street, Madison, NJ

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2026
Property tax
$20,160
Recent tax assessments
Market value
$798,100
Land value
$456,600
Building value
$341,500

More about Morris County property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Tax rate Property tax Y-o-Y change
2025 $798,100 $798,100 2.526 $20,160 +18.59%
2024 $798,100 $798,100 2.13 $17,000 +12.16%
2023 $736,100 $736,100 2.059 $15,156 +0.24%
2022 $736,100 $736,100 2.054 $15,119 +1.38%
2021 $736,100 $736,100 2.026 $14,913 +1.05%
2020 $736,100 $736,100 2.005 $14,759 +1.62%
2019 $736,100 $736,100 1.973 $14,523 +2.60%
2018 $736,100 $736,100 1.923 $14,155 +0.79%
2017 $736,100 $736,100 1.908 $14,045 +1.76%
2016 $736,100 $736,100 1.875 $13,802 +1.90%
Permits

Permit information for 58 Prospect Street, Madison, NJ

No recently recorded permits for this property.

Neighborhood

Risk

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FEMA flood zones

FEMA flood zones
-

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map
View daily traffic map

Access the detailed traffic volume map for 58 Prospect Street, Madison, NJ 07940 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Schools

Nearest elementary schools

Name Rating Type Grade range No of students Distance (miles)
Madison Montessori School NR Private PK-K 50 0.25
Madison Montessori School NR Private PK-K 50 0.25
St Vincent Martyr School NR Private PK-8 461 0.32
St Vincent Martyr School NR Private PK-8 461 0.32
Central Avenue Elementary School 9 Public PK, K-5 509 0.56
Central Avenue Elementary School 9 Public PK, K-5 509 0.56
Torey J. Sabatini Elementary School 8 Public K-5 309 0.59
Kings Road School 8 Public K-5 277 0.74
F M Kirby Childrens Center NR Private PK-5 305 0.94
Southern Boulvard School NR Public PK, K-3 373 1.62
Nearest middle schools

Name Rating Type Grade range No of students Distance (miles)
St Vincent Martyr School NR Private PK-8 461 0.32
Madison Junior Middle School 6 Public 6-8 579 0.46
Chatham Middle School 7 Public 6-8 877 1.50
St. Patrick School NR Private PK, K-8 269 1.84
Ridgedale Middle School 7 Public 6-8 296 1.87
Eclc Of New Jersey NR Private 1-12 177 1.93
Chatham Day School NR Private PK-8 164 2.27
Oratory Preparatory School NR Private 7-12 373 3.24
Nearest high schools

Name Rating Type Grade range No of students Distance (miles)
Madison High School 6 Public 9-12 824 1.23
Chatham High School 8 Public 9-12 1,231 1.75
Eclc Of New Jersey NR Private 1-12 177 1.93
Oratory Preparatory School NR Private 7-12 373 3.24
Sinai Schools Maor NR Private 14 3.26
Joseph Kushner Hebrew Academy NR Private PK-12 727 3.28
Summit Sr High School 7 Public 9-12 1,161 3.29
Rae Kushner Yeshiva High School NR Private 9-12 0 3.34
New Providence High School 7 Public 9-12 666 3.70
Whippany Park High School 8 Public 9-12 595 4.22

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for 58 Prospect Street, Madison, NJ

7 Belmont Ave, Madison 9 Belmont Ave, Madison 21 Belmont Ave, Madison 46 Pomeroy Rd, Madison 50 Pomeroy Rd, Madison 15 Belmont Ave, Madison 19 Belmont Ave, Madison 40 Pomeroy Rd, Madison 10 Pomeroy Rd, Madison 20 Pomeroy Rd, Madison 60 Prospect St, Madison 12 Pomeroy Rd, Madison 58 Pomeroy Rd, Madison 11 Belmont Ave, Madison 17 Belmont Ave, Madison 14 Pomeroy Rd, Madison 56 Prospect St, Madison 5 Belmont Ave, Madison 13 Belmont Ave, Madison 68 Prospect St, Madison

Nearby ZIP codes for 58 Prospect Street, Madison, NJ

07039, Essex County, NJ 07054, Morris County, NJ 07092, Union County, NJ 07922, Union County, NJ 07927, Morris County, NJ 07928, Morris County, NJ 07932, Morris County, NJ 07933, Morris County, NJ 07935, Morris County, NJ 07936, Morris County, NJ 07950, Morris County, NJ 07960, Morris County, NJ 07961, Morris County, NJ 07974, Union County, NJ 07976, Morris County, NJ 07980, Morris County, NJ 07981, Morris County, NJ

Frequently asked questions

What is the year built for 58 Prospect Street, Madison, NJ 07940?

The development at 58 Prospect Street, Madison, NJ 07940 was built in 1936.

What is the total square footage of 58 Prospect Street, Madison, NJ 07940?

58 Prospect Street, Madison, NJ 07940 has a total of 1,996 square feet.

When was 58 Prospect Street, Madison, NJ 07940 last sold and what was the sale price?

58 Prospect Street, Madison, NJ 07940 was last sold on 10/30/2023 for $1,100,000.

What is the assessed value of 58 Prospect Street, Madison, NJ 07940?

58 Prospect Street, Madison, NJ 07940 is currently assessed at $798,100.

What are the property taxes for 58 Prospect Street, Madison, NJ 07940?

The property taxes for 58 Prospect Street, Madison, NJ 07940 total $20,160.

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