What is the assessed value of 233-237 Main St, Madison Boro, NJ?

The total municipal assessment is $3,368,100 (land plus improvements).

What is 233-237 Main St, Madison Boro, NJ worth?

Our model estimates a market value of $5,592,992, derived from comparable recorded sales nearby.

What kind of property is 233-237 Main St, Madison Boro, NJ?

MOD-IV classifies it as Commercial (class 4A). Year built: 1962.

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233-237 Main St, Madison Boro, NJ — owner, sales, deeds · parceldata

233-237 Main St

Madison Boro, NJ·Morris County

1417·block 2401·lot 4

$5,592,992estimated value

Last sale

3/1/1999 · taxrecords_nj

1 other property share this owner's mailing address.View portfolio →

Property

Type

Commercial

Tax class

Commercial

Year built

1962

Building size

11,220 sq ft

Lot size

1.42 ac

Land description

307X202

Building description

1SCB

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$3,368,100

Land value

$2,535,000

Improvement value

$833,100

Last year's tax

$71,741

Last MOD-IV sale

MOD-IV deed date

12/10/1998

Owner mailing address

P.O. BOX 285
OLD BRIDGE, NJ 08857

Estimated market value

$5,592,992

range $4,754,044 – $6,431,941

moderate confidence

Assessment-implied: $5,592,992; Director's Ratio 0.6022 (2025)
Comparable sales: 1 (below threshold)

Estimated value, last 11 years

2016: $2,988,622 → 2026: $5,592,992

Based on 1 comparable sale

Address	Sold	Price
14 Kings Rd	12/3/2025	$3,300,000

Sales history

Bordering

200-ft notice list →

10 Samson Ave
Lot 17·$366,000
8 Samson Ave
Lot 19·$584,100
6 Samson Ave
Lot 20·$372,900
4 Samson Ave
Lot 21·$405,800
227 Main St
Lot 3·$808,000
9 Bruns St
Lot 6·$351,700

Block 2401All of Block 2401 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 1,
  "portfolioKeys": {
    "fullKeys": [
      "P O BOX 285 OLD BRIDGE NJ 08857"
    ],
    "zipKeys": [
      "P O BOX 285 08857"
    ]
  },
  "effective_unit_count": null,
  "effective_unit_count_source": "none"
}

MOD-IV

{
  "pams_pin": "1417_2401_4",
  "county_code": "14",
  "district_code": "17",
  "block": "2401",
  "lot": "4",
  "qualifier": "",
  "property_location": "233-237 MAIN ST",
  "property_class": "4A",
  "bldg_class": null,
  "bldg_desc": "1SCB",
  "land_desc": "307X202",
  "year_built": 1962,
  "living_sqft": 11220,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "253500000",
  "improvement_value_cents": "83310000",
  "net_value_cents": "336810000",
  "last_yr_tx_cents": "7174053",
  "deed_date": "1998-12-10",
  "deed_book": "4934",
  "deed_page": "163",
  "sale_price_cents": "0",
  "sales_code": null,
  "owner_mailing_street": "P.O. BOX 285",
  "owner_mailing_city_state_zip": "OLD BRIDGE, NJ  08857",
  "mun_name": "MADISON BORO",
  "calc_acre": "1.423600",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.40488326762457,
  "centroid_lat": 40.75205791016631
}

SR1A

[
  {
    "id": "77adb2f6-457d-4be7-bc76-3136d103ef84",
    "property_id": "ca8d650e-3b8c-4c37-84e3-da1fa6c93347",
    "county_code": "14",
    "district_code": "17",
    "block": "2401",
    "lot": "4",
    "qualifier": "",
    "deed_book": "4934",
    "deed_page": "163",
    "deed_date": "1998-12-10",
    "date_recorded": "1999-03-01",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "2e0a01c0-b66c-45ef-9300-a92c398cd38d",
    "property_id": "ca8d650e-3b8c-4c37-84e3-da1fa6c93347",
    "county_code": "14",
    "district_code": "17",
    "block": "2401",
    "lot": "4",
    "qualifier": "",
    "deed_book": "4898",
    "deed_page": "79",
    "deed_date": "1998-12-10",
    "date_recorded": "1998-12-23",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "3c73989f-d542-413e-9e36-dac01f711f09",
    "property_id": "ca8d650e-3b8c-4c37-84e3-da1fa6c93347",
    "county_code": "14",
    "district_code": "17",
    "block": "2401",
    "lot": "4",
    "qualifier": "",
    "deed_book": "4934",
    "deed_page": "163",
    "deed_date": "1998-12-10",
    "date_recorded": "1998-12-10",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

What is the assessed value of 233-237 Main St, Madison Boro, NJ?: The total municipal assessment is $3,368,100 (land plus improvements).
What is 233-237 Main St, Madison Boro, NJ worth?: Our model estimates a market value of $5,592,992, derived from comparable recorded sales nearby.
What kind of property is 233-237 Main St, Madison Boro, NJ?: MOD-IV classifies it as Commercial (class 4A). Year built: 1962.

Date	Price	Book / Page	Source
3/1/1999	$0	4934 / 163	taxrecords_nj
12/23/1998	$1	4898 / 79	taxrecords_nj
12/10/1998	$0	4934 / 163	MOD-IV (Rutgers)