15 Lathrop Avenue

Madison, NJ 07940

$875,000
Price
5
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover the untapped potential of this charming 2 family home in the heart of sought-after Madison. This prime location is celebrated for itsexcellent schools, vibrant community, and strong rental history, making it a compelling opportunity for savvy investors and discerning homeowners alike. The property features a versatile layout with a total of 5 bedrooms and 2 baths within 2 units, offering ample space for customization to suit your lifestyleor investment goals. A standout feature includes...Discover the untapped potential of this charming 2 family home in the heart of sought-after Madison. This prime location is celebrated for itsexcellent schools, vibrant community, and strong rental history, making it a compelling opportunity for savvy investors and discerning homeowners alike. The property features a versatile layout with a total of 5 bedrooms and 2 baths within 2 units, offering ample space for customization to suit your lifestyleor investment goals. A standout feature includes a 4 car detached garage, ideal for car enthusiasts, extra rental income or storage space. While the homerequires TLC , envision possibilities to transform and personalize this property into your ideal residence or multi-family investment.
  1. Listed by JAMES F CANNON • CHRISTIE'S INT. REAL ESTATE GROUP
  2. Listed by JOAN R CANNON • CHRISTIE'S INT. REAL ESTATE GROUP

Property Details for 15 Lathrop Avenue

Directions
Green Village Road to LATHROP #15
Days On Market
21
LISTING UPDATED: 09/09/2024 12:57 PM

Property Details for 15 Lathrop Avenue

StatusUnder Contract
MLS #3919656
Days on Market21
Taxes$9,858 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built1911
Lot Size0.17 AC / 7,405 SF
CountyMorris County

Building Information for 15 Lathrop Avenue

Stories-Residences2Year Built1911Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 15 Lathrop Avenue

Summary
Location and General Information
  • Zoning: Residential
  • Middle/Jr High School: Madison Jr
  • Grade School: Torey J.
  • High School: Madison
  • Active Days on Market: 21
  • County #: Morris
  • Town Name: Madison Boro
  • Block Identifier: 4302
  • Listing Type: Exclusive Right to Sell
  • Color of Building: Beige
  • Town #: 2318.0
  • Street # Display: 15.0
  • # Parking Spaces: 4
  • County Or Parish: Morris
  • Street Name: Lathrop Ave
  • Zip Code: 07940-2412
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $9,858
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 478800.0
  • Tax ID For Property: 2317-04302-0000-00016-0000-
  • Tax Rate Amount: $2
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: Off-Street Parking
  • # Garage Spaces: 4
  • Garage Description: Loft Storage
Property
Lot Information
  • Lot Identifier: 16
  • Approximate Lot Size: 50X150
  • Total Acres: 0.17
  • Construction Date/Year Built: 1911
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 178000.0
  • Assessment Land: 300800.0
Utilities
  • Cooling: No Cool
  • Services: Cable TV Available, Fiber Optic Available, Garbage Included
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Heating: Radiators - Steam
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Stucco
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
  • Roof Description: Flat
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Full, Slab, Walkout
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Dryer, Range/Oven - Gas, Refrigerator, Washer
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms, Kitchen, Laundry Room, Living Room, Storage
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 700.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Dryer, Range/Oven - Gas, Refrigerator, Washer
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 2 Rent: 1950.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Laundry Room, Living Room, Storage
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 850.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Expenses Include: Insurance, Maintenance, Taxes
  • Net Operating Income: $.00
  • Gross Operating Income: $.00
Rental
Rental Information
  • Home Warranty: false

Property History for 15 Lathrop Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 15 Lathrop Avenue

Taxable ValueLand$300,800Additions$178,000Total$478,800
Tax Record2023$9,858 ($822 / month)
Home Facts
Beds0Total Finished SqFt2,160 SqFtAbove Grade Finished SqFt2,160 SqFtStories2Lot Size7,501 SqFtStyleSingle Family ResidenceYear Built1911ZoningR-4CountyMORRISAPN17 04302-0000-00016

Schools near 15 Lathrop Avenue

This home is within Madison School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Torey J. Sabatini Elementary School
PublicK to 5

Madison Junior Middle School
Public6 to 8

Madison High School
Public9 to 12

Chatham Day School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CHRISTIE'S INT. REAL ESTATE GROUP, JAMES F CANNON; CHRISTIE'S INT. REAL ESTATE GROUP, JOAN R CANNON

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 09/20/2024 09:11 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.