5 West Street

Madison, NJ 07940

$635,000
Price
3
Beds
1,295 Sq. Ft.
$490 / Sq. Ft.
1,295
Sq. Ft.
$490
per Sq. Ft.

Description

Opportunity Knocks in Madison, NJ! This 3-bedroom, 2-bath property sits in a prime location with low taxes and endless potential! Situated in a desirable neighborhood within the highly regarded Madison Public School District, this property offers a fantastic opportunity for buyers looking to renovate, rebuild, or explore potential redevelopment. Just minutes from Fairleigh Dickinson University, Drew University, downtown Madison, and major transportation, the location is unbeatable. Nearby, you'll...Opportunity Knocks in Madison, NJ! This 3-bedroom, 2-bath property sits in a prime location with low taxes and endless potential! Situated in a desirable neighborhood within the highly regarded Madison Public School District, this property offers a fantastic opportunity for buyers looking to renovate, rebuild, or explore potential redevelopment. Just minutes from Fairleigh Dickinson University, Drew University, downtown Madison, and major transportation, the location is unbeatable. Nearby, you'll find local landmarks like the Shakespeare Theatre of New Jersey, the Museum of Early Trades & Crafts, and the scenic Giralda Farms Preserve. The spacious lot may offer the possibility of rezoning for a multifamily residence (buyers to conduct their own due diligence). Whether you're an investor, builder, or buyer looking to create something new, this property is a rare find. Floor plans and survey available upon request. Square footage is approximate.
  1. Listed by PETER SISCA • REAL

Property Details for 5 West Street

Style
Colonial
Directions
Take I-287 to Exit 35A for Route 124 East. Continue on Main St, then turn right onto West St. 5 West St will be on your right.
Days On Market
28
Primary Style
Colonial
LISTING UPDATED: 02/27/2025 06:32 PM

Property Details for 5 West Street

StatusUnder Contract
MLS #3943777
Days on Market28
Taxes$7,082 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1850
Lot Size0.17 AC / 7,405 SF
CountyMorris County

Building Information for 5 West Street

Stories-Year Built1850Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 5 West Street

Summary
Location and General Information
  • Address Included: Y
  • Middle/Jr High School: Madison Jr
  • Grade School: Torey J.
  • High School: Madison
  • Active Days on Market: 28
  • County #: Morris
  • Town Name: Madison Boro
  • Community Living: No
  • Block Identifier: 1201
  • Listing Type: Exclusive Right to Sell
  • Town #: 2318.0
  • Street # Display: 5.0
  • # Parking Spaces: 5
  • County Or Parish: MORRIS
  • Street Name: West St
  • Zip Code: 07940-1429
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Code Tax: *
  • County Tax: *
  • Tax Amount: $7,082
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Code Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 332500.0
  • Tax ID For Property: 2317-01201-0000-00002-0000-
  • Tax Id Tax: *
  • Tax Rate Amount: $2
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: Driveway-Exclusive
  • # Garage Spaces: 0
Property
Lot Information
  • Appliances: Range/Oven-Gas
  • Approx Sq Ft: 1295.0
  • Lot Identifier: 2
  • Approximate Lot Size: 0.165 AC
  • Total Acres: 0.17
  • Construction Date/Year Built: 1850
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 133100.0
  • Assessment Land: 199400.0
Utilities
  • Cooling: No Cool
  • Services: Cable TV Available, Fiber Optic Available
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: Radiators - Hot Water
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Exterior Description: See Remarks
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Crawl Space, Unfinished
  • # Baths: 2.0
  • # Full Baths: 2
  • # Half Baths: 0
  • # Bedrooms: 3
  • Easement: No
  • Fireplace Desc: Living Room
  • # Fireplaces: 1
  • Kitchen Area: Eat-In Kitchen
  • # Rooms: 8

Property History for 5 West Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5 West Street

Taxable ValueLand$199,400Additions$133,100Total$332,500
Tax Record2023$6,846 ($571 / month)
Home Facts
Beds0Total Finished SqFt1,440 SqFtAbove Grade Finished SqFt1,440 SqFtStories2Lot Size7,187 SqFtStyleSingle Family ResidenceYear Built1850ZoningR-4CountyMORRISAPN17 01201-0000-00002

Schools near 5 West Street

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

St Vincent Martyr 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 REAL, PETER SISCA

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 03/02/2025 11:50 PM. Source: New Jersey Multiple Listing Service, Inc. © 2025 New Jersey Multiple Listing Service, Inc. All rights. 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: 03/02/2025 11:50 PM © 2025 New Jersey Multiple Listing Service Inc. All rights reserved.