Off Market2570d on market
40 Garfield Ave
Madison, NJ, 07940 • 07940 • Morris County
$2,271,500
$574/sqft
5Beds
5Baths
3,959Sqft
0.58 acLot
2001Built
Market activity
Demand and pricing signals for this listing
5 views
People checking out this listing
2570 days on market
Established listing
$574/sqft
Price per square foot
About this home
Single Family · Built 2001
Stunning custom colonial at Amazing Value!! Prime location on The Hill---High quality throughout home. Gorgeous professionally landscaped property w/waterfall. Features 2 story foyer 5 BR 4.1 BA. WOW! Elegant Formal LR/DR, Gourmet Chefs Kitchen w/Huge Butcher Block Center Island and Shaw Apron Sink.Top of the line Appliances. Viking 6 burner Cooktop and Dbl wall oven, Sub-Zero Fridge, Bosch DW. Kitchen open to FR w/ gas/wood burning FP. French doors lead to Bluestone patio. True divided light Kolbe windows. Mstr suite w/ gas FP and luxurious BA w/cast iron whirlpool tub and large WIC closet. 3 more BR and huge Bonus Rm on 2nd Fl. 1st FL 5 th BR. Walk up Atic. Laundry Rm w/ Electrolux front load WD. 2 car garage w/Conv Storage Room. Beautifully finished LL includes Rec and Media RM, Fitness Studio and Full bath. Bonus Pantry
Estimated monthly payment
Based on current rates
$14,815/month
Principal & Interest$11,786
Property Tax$2,272
Insurance$757
Down payment20% ($454,300)
3%50%
Est. 6.75% rate · 30yr fixed · $1,817,200 loan
Full calculator →At a glance
Key facts and listing details
TypeSingleFamily
Year Built2001
ParkingGarage - Attached
Lot0.58 Acres
Property
Home typeSingle Family
Year built2001
Systems
ConstructionFrame
Parking & Outdoor
ParkingGarage - Attached
Lot0.58 Acres
Location & Tax
Neighborhood07940
Annual tax$25,622
Parcel170440200000003101
Bathrooms & Fees
Full baths4
Features & details
3 categories of property features
Exterior Features
Exterior
Wood
Parking
Garage - Attached
Construction
Frame
Listing insights
Market data and value estimates
StatusOff Market
Days on market2570
Est. value$2,271,500
Est. rent$7,691/mo
Tax rate1.80%
Price/sqft$574
Last sold$1,370,000
Tour days6
Views5
How are the schools in Madison?
3 schools rated nearby
Location
Madison, NJ, 07940
Price history
7 events
DateEventPrice$/sqftSource
Mar 28, 2019Sold$1,370,000$346GSMLS
Oct 22, 2018Price Change$1,390,000$351Coldwell Banker Residential Brokerage - Chatham Office
Sep 27, 2018Price Change$1,450,000$366Coldwell Banker Residential Brokerage - Chatham Office
May 17, 2018Price Change$1,599,000$404Coldwell Banker Residential Brokerage - Chatham Office
May 3, 2018Price Change$1,699,000$429Coldwell Banker Residential Brokerage - Chatham Office
Apr 11, 2018Listed For Sale$1,790,000$452Coldwell Banker Residential Brokerage - Chatham Office
Nov 7, 2001Sold$1,200,000$303Public Record
Sold$1,370,000
Mar 28, 2019•$346/sqft•GSMLS
Price Change$1,390,000
Oct 22, 2018•$351/sqft•Coldwell Banker Residential Brokerage - Chatham Office
Price Change$1,450,000
Sep 27, 2018•$366/sqft•Coldwell Banker Residential Brokerage - Chatham Office
Price Change$1,599,000
May 17, 2018•$404/sqft•Coldwell Banker Residential Brokerage - Chatham Office
Price Change$1,699,000
May 3, 2018•$429/sqft•Coldwell Banker Residential Brokerage - Chatham Office
Listed For Sale$1,790,000
Apr 11, 2018•$452/sqft•Coldwell Banker Residential Brokerage - Chatham Office
Sold$1,200,000
Nov 7, 2001•$303/sqft•Public Record
Tax history
24 years of records
YearTax paidAssessed value
Apr 11, 2025$25,622$1,202,900
Apr 11, 2024$25,622$1,202,900
Apr 11, 2023$24,768$1,202,900
Apr 11, 2022$24,708$1,202,900
Apr 11, 2021$24,371$1,202,900
Apr 11, 2020$23,733$1,202,900
Apr 11, 2019$32,812$1,202,900
Apr 11, 2018$32,556$1,706,300
Apr 11, 2017$31,993$1,706,300
Apr 11, 2016$31,396$1,706,300
Apr 11, 2015$30,338$1,706,300
Apr 11, 2014$29,929$1,706,300
Apr 11, 2013$22,927$1,706,300
Apr 11, 2012$22,349$825,000
Apr 11, 2011$21,772$825,000
Apr 11, 2010$26,062$825,000
Apr 11, 2009$25,496$1,028,900
Apr 11, 2008—$1,028,900
Apr 11, 2007—$1,028,900
Apr 11, 2006—$1,028,900
Apr 11, 2005—$1,028,900
Apr 11, 2004—$1,028,900
Apr 11, 2003—$1,028,900
Apr 11, 2002—$1,028,900
Nearby homes
Neighborhood details
Local context around this listing
Madison, NJ • Morris County
Nearby cities
Basking RidgeChathamDenvilleDoverHackettstownMorris PlainsMorristownParsippany
Nearby zip codes
07940
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