When was 196 Park Ave, Madison Boro, NJ last sold?

The most recent recorded sale was in 2023 for $700,000.

What is the assessed value of 196 Park Ave, Madison Boro, NJ?

The total municipal assessment is $554,100 (land plus improvements).

What is 196 Park Ave, Madison Boro, NJ worth?

Our model estimates a market value of $1,022,647, derived from comparable recorded sales nearby.

How many units does 196 Park Ave, Madison Boro, NJ have?

Records show 1 dwelling unit at 196 Park Ave, Madison Boro, NJ.

What kind of property is 196 Park Ave, Madison Boro, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1929.

parceldata.nj

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196 Park Ave, Madison Boro, NJ — owner, sales, deeds · parceldata

196 Park Ave

Madison Boro, NJ 07940·Morris County

1417·block 311·lot 16

$1,022,647estimated value

Last sale

$700,000

3/27/2023 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1929

Building size

1,737 sq ft

Lot size

0.22 ac

Land description

75X130

Building description

2SF-C-UG

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$554,100

Land value

$266,100

Improvement value

$288,000

Last year's tax

$11,802

Last MOD-IV sale

$700,000

MOD-IV deed date

3/17/2023

Owner mailing address

196 PARK AVE
MADISON, NJ 07940

Estimated market value

$1,022,647

range $931,015 – $1,131,417

high confidence

Assessment-implied: $920,126; Director's Ratio 0.6022 (2025)
Comp-implied: $904,943; 30 comparable sales

Estimated value, last 11 years

2016: $546,453 → 2026: $1,022,647

dots are actual sale prices for this property

Bordering

200-ft notice list →

190 Park Ave
Lot 15.02·$733,100
198 Park Ave
Lot 17·$583,900
17 Pine Ave
Lot 5·$701,200
19 Pine Ave
Lot 6·$571,900

Block 311All of Block 311 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1417_311_16",
  "county_code": "14",
  "district_code": "17",
  "block": "311",
  "lot": "16",
  "qualifier": "",
  "property_location": "196 PARK AVE",
  "property_class": "2",
  "bldg_class": "18",
  "bldg_desc": "2SF-C-UG",
  "land_desc": "75X130",
  "year_built": 1929,
  "living_sqft": 1737,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "26610000",
  "improvement_value_cents": "28800000",
  "net_value_cents": "55410000",
  "last_yr_tx_cents": "1180233",
  "deed_date": "2023-03-17",
  "deed_book": "24582",
  "deed_page": "681",
  "sale_price_cents": "70000000",
  "sales_code": null,
  "owner_mailing_street": "196 PARK AVE",
  "owner_mailing_city_state_zip": "MADISON, NJ  07940",
  "mun_name": "MADISON BORO",
  "calc_acre": "0.223800",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.42535132390812,
  "centroid_lat": 40.77209035176384
}

SR1A

[
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    "property_id": "a9228297-147c-4425-a5b9-065376b904b5",
    "county_code": "14",
    "district_code": "17",
    "block": "311",
    "lot": "16",
    "qualifier": "",
    "deed_book": "24582",
    "deed_page": "681",
    "deed_date": "2023-03-17",
    "date_recorded": "2023-03-27",
    "sale_price_cents": "70000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
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    "lot": "16",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2023-03-17",
    "date_recorded": "2023-03-27",
    "sale_price_cents": "70000000",
    "sr1a_year": 2023,
    "source": "sr1a"
  },
  {
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    "deed_book": "24582",
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    "deed_date": "2023-03-17",
    "date_recorded": "2023-03-17",
    "sale_price_cents": "70000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
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    "deed_book": "24384",
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    "deed_date": "2022-03-01",
    "date_recorded": "2022-04-12",
    "sale_price_cents": "52500000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
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    "deed_book": null,
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    "deed_date": "2022-03-01",
    "date_recorded": "2022-04-12",
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    "sr1a_year": 2022,
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  {
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    "sale_price_cents": "52500000",
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  },
  {
    "id": "f85263d8-1851-461d-9a31-32a5f953b412",
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    "qualifier": "",
    "deed_book": null,
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    "deed_date": "2021-08-31",
    "date_recorded": "2021-10-20",
    "sale_price_cents": "37500000",
    "sr1a_year": 2022,
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  },
  {
    "id": "750cf537-80e6-4a9a-b0bf-0cf871f16aa3",
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    "qualifier": "",
    "deed_book": "24249",
    "deed_page": "1375",
    "deed_date": "2021-08-31",
    "date_recorded": "2021-10-20",
    "sale_price_cents": "37500000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
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    "sale_price_cents": "37500000",
    "sr1a_year": null,
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  },
  {
    "id": "eae19840-3162-47b7-acdc-91aa22cbff77",
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    "county_code": "14",
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    "deed_book": "20946",
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    "deed_date": "2007-10-03",
    "date_recorded": "2007-10-25",
    "sale_price_cents": "1000",
    "sr1a_year": null,
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  },
  {
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    "sale_price_cents": "1000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 196 Park Ave, Madison Boro, NJ last sold?: The most recent recorded sale was in 2023 for $700,000.
What is the assessed value of 196 Park Ave, Madison Boro, NJ?: The total municipal assessment is $554,100 (land plus improvements).
What is 196 Park Ave, Madison Boro, NJ worth?: Our model estimates a market value of $1,022,647, derived from comparable recorded sales nearby.
How many units does 196 Park Ave, Madison Boro, NJ have?: Records show 1 dwelling unit at 196 Park Ave, Madison Boro, NJ.
What kind of property is 196 Park Ave, Madison Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1929.

Based on 30 comparable sales

Address	Sold	Price
14 Buckingham Dr	4/9/2026	$1,105,000
78 North St	3/17/2026	$715,000
18 Hillcrest Rd	3/17/2026	$1,375,000
3 Durwood Pl	2/20/2026	$740,000
210 Central Ave	2/6/2026	$775,000
53 Highland Ave	2/6/2026	$875,000
59 Albright Cir	1/13/2026	$675,000
8 Anthony Dr	1/9/2026	$1,100,000
7 Lee Ave	1/5/2026	$1,160,000
8 Lorraine Rd	12/26/2025	$775,000
3 Rose Ave	12/10/2025	$1,101,000
3 Loveland St	12/8/2025	$1,170,000
3 Loveland St	12/1/2025	$1,190,000
3 Ardsleigh Dr	12/1/2025	$1,105,000
61 Albright Cir	11/13/2025	$1,550,000
32 Sherwood Ave	10/7/2025	$1,030,000
150 Central Ave	9/24/2025	$1,050,000
150 Loantaka Way	8/25/2025	$1,085,000
25 Station Rd	8/25/2025	$900,000
14 Sayre CT	8/19/2025	$730,000
15 North Oak CT	7/22/2025	$1,080,000
95 Park Ave	7/17/2025	$650,000
8 Pine Tree Ter	7/10/2025	$735,000
5 Lee Ave	7/1/2025	$1,387,000
13 Longview Ave	6/24/2025	$1,011,500
10 Norman Cir	6/13/2025	$1,550,000
55 Valley Rd	5/22/2025	$1,110,000
6 Valley Rd	5/1/2025	$1,225,000
39 Wayne Blvd	4/25/2025	$815,000
60 Shadylawn Dr	4/2/2025	$911,000

Sales history

3/27/2023$700,000
taxrecords_njBk 24582 / Pg 681
3/27/2023$700,000
SR1A 2023
3/17/2023$700,000
MOD-IV (Rutgers)Bk 24582 / Pg 681
4/12/2022$525,000
taxrecords_njBk 24384 / Pg 114
4/12/2022$525,000
SR1A 2022
3/1/2022$525,000
MOD-IV (Rutgers)Bk 24384 / Pg 114
10/20/2021$375,000
SR1A 2022
10/20/2021$375,000
taxrecords_njBk 24249 / Pg 1375
8/31/2021$375,000
MOD-IV (Rutgers)Bk 24249 / Pg 1375
10/25/2007$10
taxrecords_njBk 20946 / Pg 1389
10/3/2007$10
MOD-IV (Rutgers)Bk 20946 / Pg 1389

Date	Price	Book / Page	Source
3/27/2023	$700,000	24582 / 681	taxrecords_nj
3/27/2023	$700,000	—	SR1A 2023
3/17/2023	$700,000	24582 / 681	MOD-IV (Rutgers)
4/12/2022	$525,000	24384 / 114	taxrecords_nj
4/12/2022	$525,000	—	SR1A 2022
3/1/2022	$525,000	24384 / 114	MOD-IV (Rutgers)
10/20/2021	$375,000	—	SR1A 2022
10/20/2021	$375,000	24249 / 1375	taxrecords_nj
8/31/2021	$375,000	24249 / 1375	MOD-IV (Rutgers)