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2 Locust St, Madison Boro, NJ — owner, sales, deeds · parceldata

2 Locust St

Madison Boro, NJ 07940·Morris County

1417·block 1002·lot 22

$885,217estimated value

Last sale

$630,000

11/27/2019 · SR1A 2020

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1911

Building size

1,690 sq ft

Lot size

0.18 ac

Land description

0.180 AC

Building description

2SF G2

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$484,600

Land value

$240,700

Improvement value

$243,900

Last year's tax

$10,322

Last MOD-IV sale

$630,000

MOD-IV deed date

11/1/2019

Owner mailing address

2 LOCUST ST
MADISON, NJ 07940

Estimated market value

$885,217

range $693,441 – $1,074,608

moderate confidence

Assessment-implied: $804,716; Director's Ratio 0.6022 (2025)
Comp-implied: $845,000; 30 comparable sales

Based on 30 comparable sales

Address	Sold	Price
78 North St	3/17/2026	$715,000
18 Hillcrest Rd	3/17/2026	$1,375,000
47 Ridgedale Ave	3/3/2026	$530,000
3 Durwood Pl	2/20/2026	$740,000

Bordering

200-ft notice list →

79 Central Ave
Lot 1·$371,800
85 Central Ave
Lot 2·$445,900
4 Locust St
Lot 21·$478,100
87 Central Ave
Lot 3·$489,700
89 Central Ave
Lot 4·$657,900
8 Serpico Way
Lot 7·$487,300

Block 1002All of Block 1002 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "2 LOCUST ST MADISON NJ 07940"
    ],
    "zipKeys": [
      "2 LOCUST ST 07940"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1417_1002_22",
  "county_code": "14",
  "district_code": "17",
  "block": "1002",
  "lot": "22",
  "qualifier": "",
  "property_location": "2 LOCUST ST",
  "property_class": "2",
  "bldg_class": "18",
  "bldg_desc": "2SF G2",
  "land_desc": "0.180 AC",
  "year_built": 1911,
  "living_sqft": 1690,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "24070000",
  "improvement_value_cents": "24390000",
  "net_value_cents": "48460000",
  "last_yr_tx_cents": "1032198",
  "deed_date": "2019-11-01",
  "deed_book": "23665",
  "deed_page": "183",
  "sale_price_cents": "63000000",
  "sales_code": null,
  "owner_mailing_street": "2 LOCUST ST",
  "owner_mailing_city_state_zip": "MADISON, NJ  07940",
  "mun_name": "MADISON BORO",
  "calc_acre": "0.180000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.41001088601406,
  "centroid_lat": 40.761617036943214
}

SR1A

[
  {
    "id": "3cb79873-f7f3-4640-8f80-55f7a9c31d84",
    "property_id": null,
    "county_code": "14",
    "district_code": "17",
    "block": "1002",
    "lot": "22",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2019-11-01",
    "date_recorded": "2019-11-27",
    "sale_price_cents": "63000000",
    "sr1a_year": 2020,
    "source": "sr1a"
  },
  {
    "id": "d36dbe5c-8933-4d74-8dcc-aa50c1c175c5",
    "property_id": "1a222440-7218-4c4e-91c1-7d1634adeb9e",
    "county_code": "14",
    "district_code": "17",
    "block": "1002",
    "lot": "22",
    "qualifier": "",
    "deed_book": "23665",
    "deed_page": "183",
    "deed_date": "2019-11-01",
    "date_recorded": "2019-11-27",
    "sale_price_cents": "63000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
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    "block": "1002",
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    "qualifier": "",
    "deed_book": "23665",
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    "deed_date": "2019-11-01",
    "date_recorded": "2019-11-01",
    "sale_price_cents": "63000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
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    "lot": "22",
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    "deed_book": "23044",
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    "deed_date": "2016-12-01",
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    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
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    "deed_date": "2016-12-01",
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    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
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    "deed_book": "22594",
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    "deed_date": "2014-08-08",
    "date_recorded": "2014-09-19",
    "sale_price_cents": "52090000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
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    "sr1a_year": null,
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  },
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    "deed_date": "2010-02-04",
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    "sr1a_year": null,
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  },
  {
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  {
    "id": "0eaa44db-f28a-4626-958f-ce9ef7fb299e",
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    "sr1a_year": null,
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  },
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  {
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  {
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    "deed_date": "2003-10-15",
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  },
  {
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    "sale_price_cents": "39500000",
    "sr1a_year": null,
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  }
]

API record·permalink

Sales history

11/27/2019$630,000
SR1A 2020
11/27/2019$630,000
taxrecords_njBk 23665 / Pg 183
11/1/2019$630,000
MOD-IV (Rutgers)Bk 23665 / Pg 183
12/13/2016$610,000
taxrecords_njBk 23044 / Pg 278
12/1/2016$610,000
MOD-IV (Rutgers)Bk 23044 / Pg 278
9/19/2014$520,900
taxrecords_njBk 22594 / Pg 405
8/8/2014$520,900
MOD-IV (Rutgers)Bk 22594 / Pg 405
2/22/2010$385,000
taxrecords_njBk 21495 / Pg 795
2/4/2010$385,000
MOD-IV (Rutgers)Bk 21495 / Pg 795
5/20/2009$100
taxrecords_njBk 21296 / Pg 253
1/31/2007$581,950
taxrecords_njBk 20734 / Pg 1850
1/9/2007$581,950
MOD-IV (Rutgers)Bk 20734 / Pg 1850
12/22/2005$1
taxrecords_njBk 6514 / Pg 190
11/18/2005$1
MOD-IV (Rutgers)Bk 6514 / Pg 190
11/17/2003$395,000
taxrecords_njBk 5960 / Pg 45
10/15/2003$395,000
MOD-IV (Rutgers)Bk 5960 / Pg 45

Date	Price	Book / Page	Source
11/27/2019	$630,000	—	SR1A 2020
11/27/2019	$630,000	23665 / 183	taxrecords_nj
11/1/2019	$630,000	23665 / 183	MOD-IV (Rutgers)
12/13/2016	$610,000	23044 / 278	taxrecords_nj
12/1/2016	$610,000	23044 / 278	MOD-IV (Rutgers)
9/19/2014	$520,900	22594 / 405	taxrecords_nj
8/8/2014	$520,900	22594 / 405	MOD-IV (Rutgers)
2/22/2010	$385,000	21495 / 795	taxrecords_nj
2/4/2010	$385,000	21495 / 795	MOD-IV (Rutgers)

Property

Tax & Assessment

Estimated market value

Bordering

Sales history

Deeds