| Primary address | 56 Midwood Terrace, Madison |
| Zip code | 07940 |
| County | Morris |
| Municipality | Madison Borough |
| Block | 4101 |
| Lot | 9 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 04/01/2024 |
| Sale price | $2,493,000 |
| Arm's length | Register |
| Property tax | $45,468 |
| Building sqft | 4,563 |
| Building class | Residential (2) |
| Acreage | 1.458 |
| Year built | 1974 |
| Stories | 2 |
| Exterior structural material | Register |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Property reports include comprehensive occupancy, improvement and development information (where available).
Create a free account to access valuable data points such as:
56 Midwood Terrace, Madison, NJ 07940 was built in 1974 and has a total of 4,563 square feet.
What is the assessed value of 56 Midwood Terrace, Madison, NJ 07940 and the property tax paid?Assessed at $1,800,000, the tax amount paid for 56 Midwood Terrace, Madison, NJ 07940 is $45,468.
When was 56 Midwood Terrace, Madison, NJ 07940 last sold and what was the last sale price?56 Midwood Terrace, Madison, NJ 07940 was last sold in 04/01/2024 for $2,493,000.
View detailed property contacts like owners, building management, representatives from permits and tenants with a free account.
Create a free account to view the complete sales history for 56 Midwood Terrace, Madison, including title documents, transfer conditions, mortgages and liens.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 04/01/2024 | $2,493,000 | Register | Register |
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for 56 Midwood Terrace, Madison, NJ 07940. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Property tax | $45,468 |
| Market value | $1,800,000 |
Here's the assessment & property tax history for 56 Midwood Terrace, 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 | $1,800,000 | $1,800,000 | 2.526 | $45,468 | +18.59% |
| 2024 | $1,800,000 | $1,800,000 | 2.13 | $38,340 | +3.45% |
| 2023 | $1,800,000 | $1,800,000 | 2.059 | $37,062 | -7.47% |
| 2022 | $1,950,000 | $1,950,000 | 2.054 | $40,053 | +1.38% |
| 2021 | $1,950,000 | $1,950,000 | 2.026 | $39,507 | +1.05% |
Create a free account to unlock extended information for 56 Midwood Terrace, 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 |
Access the detailed traffic volume map for 56 Midwood Terrace, Madison to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
| View daily traffic map |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Madison Montessori School | NR | Private | PK-K | 50 | 0.58 |
| Madison Montessori School | NR | Private | PK-K | 50 | 0.58 |
| Torey J. Sabatini Elementary School | 8 | Public | K-5 | 309 | 0.61 |
| St Vincent Martyr School | NR | Private | PK-8 | 461 | 0.63 |
| St Vincent Martyr School | NR | Private | PK-8 | 461 | 0.63 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| St Vincent Martyr School | NR | Private | PK-8 | 461 | 0.63 |
| Madison Junior Middle School | 6 | Public | 6-8 | 579 | 0.78 |
| Chatham Middle School | 7 | Public | 6-8 | 877 | 1.59 |
| St. Patrick School | NR | Private | PK, K-8 | 269 | 1.83 |
| Eclc Of New Jersey | NR | Private | 1-12 | 177 | 1.94 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Chatham High School | 8 | Public | 9-12 | 1,231 | 1.58 |
| Madison High School | 6 | Public | 9-12 | 824 | 1.59 |
| Eclc Of New Jersey | NR | Private | 1-12 | 177 | 1.94 |
| Oratory Preparatory School | NR | Private | 7-12 | 373 | 3.19 |
| Summit Sr High School | 7 | Public | 9-12 | 1,161 | 3.22 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Here are the neighbors for 56 Midwood Terrace, Madison.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 50 Midwood Ter, Madison | 8,039 | 01/22/2020 | $2,104,000 |
| 34 Midwood Ter, Madison | 5,971 | 11/02/2024 | |
| 73 Midwood Ter, Madison | 4,747 | 09/26/2006 | $2,175,000 |
| 7 Harwood Dr, Madison | 3,112 | 07/17/2006 | $1,095,000 |
| 3 Harwood Dr, Madison | 3,500 | 05/21/2009 | $1,233,000 |
| 254 Woodland Rd, Madison | 5,757 | 08/15/2022 | $3,250,000 |
| 6 East Ln, Madison | 3,327 | 07/13/2020 | $10 |
| 250 Woodland Rd, Madison | 4,004 | 09/18/2015 | $1,400,325 |
| 230 Woodland Rd, Madison | 2,723 | 07/12/2000 | $882,000 |
| 222 Woodland Rd, Madison | 6,188 | 08/09/2021 | $2,350,000 |
| 7 Cross Gates, Madison | 4,293 | 10/18/2019 | $1,375,000 |
| 62 Midwood Ter, Madison | 6,264 | 03/30/2022 | $2,600,000 |
| 240 Woodland Rd, Madison | 5,652 | 05/20/2005 | $1,400,000 |
| 77 Midwood Ter, Madison | 4,519 | ||
| 2 Harwood Dr, Madison | 3,827 | 11/10/2016 | $1,478,000 |
| 236 Woodland Rd, Madison | 3,460 | 01/26/2005 | $1 |
| 246 Woodland Rd, Madison | 4,490 | 11/22/2013 | $1,950,000 |
| 11 Harwood Dr, Madison | 5,082 | 09/23/2022 | $2,699,000 |
| 1 Harwood Dr, Madison | 3,476 | 11/01/2006 | $1,407,000 |
| 218 Woodland Rd, Madison | 4,247 | 07/13/2001 | $770,800 |