See Home Value
Madison 07940
38 Walnut St
$762,198*
House - Off Market

38 Walnut St

Madison Boro, NJ 07940
bedrooms
4 Beds
bathrooms
2 Baths
$671,000 - $819,000
Reference Base Price*
2.31%
Since Aug 1, 2022
National-US
Primary Model
Sold Jul 02, 2012
$500,000
$520,000 by Affinity Fcu
Mortgage Due Jul 02, 2042
Sold Oct 06, 2010
$465,000
$340,000 by Weichert Financial Services
Mortgage Due Oct 01, 2040

About This Property

INVESTMENT PROPERTY OPPORTUNITY. (GOI $60,000, TOE $13,000. NOI $47,000). EXCELLENT LOCATION. Only a few blocks to train & downtown. TENANT OCCUPIED for the next 12 months. $5000/month rental income. Many improvements made in the past few years. Updated bathrooms, newer windows, fresh paint, brand new recessed lights in living room and new carpet downstairs. New chimney cap and masonry work just completed. New gutters. New "mini-split" HVAC added to main level. NEW WATER HEATER just installed MID-JUNE 2022, Dedicated laundry area on lower level. Separate entrance to utilities and large, newly painted garage. Completely empty attic runs entire width of house. Seller is developer who originally purchased property to provide utilities for the construction off 34 walnut next door. After holding this property for 10 years, they are now moving on to a new project.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$909
HOA Dues
-
Year Built
1968

Price History

Date / Event Date Event Price
Jul 22, 2022 No longer available -
No longer available
May 4, 2022 Price Decreased $745,000
↓ $10K (1.3%)
Price Decreased
Apr 21, 2022 Listed $755,000
Listed
Jul 2, 2012 Sold $500,000
Sold
Oct 6, 2010 Sold to Raymond T Rettino $465,000
Sold to Raymond T Rettino

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,501
  • Lot Size Depth Feet: 750
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,720
  • Building Area: 1,720
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,720
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : 38 WALNUT STREET LLC
  • Previous Owner : RETTINO RAYMOND T
  • Owner Before Previous Owner: GOODWIN KENNETH
  • Owner Before Previous Owner 2: GOODWIN SHAWN
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Madison Borough School District
  • Census Tract: 042900

Zoning

  • Zoning: R-4

Geography

  • District: 17
  • Parcel: 17 01601-0000-00040
  • Block: 1601
  • Lot: 40
  • Municipality: MADISON BORO
  • Latitude: 40.7631
  • Longitude: -74.4143

    Address

  • Full Address: 38 Walnut St
  • Address - House Number: 38
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Madison
  • Carrier Code: C017
  • 4-Digit Zip Code: 1631
  • Zip Code: 07940

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,207

    Appraisal Valuation

  • Standard Deviation: 0.0795
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 94
  • Final Value: 752,463
  • High Value: 812,327
  • Low Value: 692,599

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $565,000
  • First Open Lien Mortgage Lender: AFFINITY FCU
  • First Open Lien Mortgage Recording Date: Jul 02, 2012
  • First Open Lien Mortgage Loan Amount: $520,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jul 02, 2042
  • Second Open Lien Mortgage Lender: ORITANI BANK
  • Second Open Lien Mortgage Recording Date: Sep 15, 2015
  • Second Open Lien Mortgage Loan Amount: $45,000
  • Second Open Lien Mortgage Term: 300
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2040

    Market Valuation

  • Market Total Value: $667,607
  • Market Land Value: $428,799
  • Market Improvement Value: $238,808

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $544,300
  • Assessed Land Value: $349,600
  • Assessed Improvements Value: $194,700

    Sales

  • Current Sale Contract Date: Jun 22, 2012
  • Current Sale Recording Date: Jul 02, 2012
  • Current Sale Transaction ID: 11475633672
  • Current Sale Price: $500,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2012049794
  • Previous Sale Recording Date: Oct 06, 2010
  • Previous Sale Contract Date: Sep 30, 2010
  • Previous Sale Amount: $465,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AFFINITY FCU
  • First Mortgage Transaction Date: Jul 02, 2012
  • First Mortgage Loan Amount: $520,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: WEICHERT FINANCIAL SERVICES
  • Previous Mortgage Transaction Date: Oct 06, 2010
  • Previous Mortgage Loan Amount: $340,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Stand Alone First
  • Previous Mortgage Loan Due Date: Oct 01, 2040



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
-
$649,000 Nov 30, -0001
$685,000 Feb 11, 2022
-
House
4 Beds
2 Baths
-
$599,000 Nov 30, -0001
$780,000 Aug 10, 2023
-
House
3 Beds
2 Baths
-
$635,000 Nov 30, -0001
$735,000 Apr 7, 2023
-
House
3 Beds
2.1 Baths
-
$725,000 Nov 30, -0001
$750,000 Apr 25, 2023
-
House
3 Beds
3.1 Baths
-
$699,000 Nov 30, -0001
$740,000 Sep 1, 2022
-
House
3 Beds
3.1 Baths
-
$810,000 Nov 30, -0001
$810,800 Jun 1, 2022
-
In Contract
House
4 Beds
2 Baths
-
$699,000 Jun 21, 2023
-
-
House
4 Beds
2 Baths
-
$789,000 Jul 4, 2023
-
$728/mo
House
3 Beds
3 Baths
-
$759,000 Oct 30, 2023
-
-
House
3 Beds
2 Baths
-
$665,900 Sep 11, 2023
-
-
In Contract
House
3 Beds
2 Baths
-
$639,000 Oct 26, 2023
-
-
Townhouse
3 Beds
3 Baths
-
$679,000 Nov 3, 2023
-
$633/mo

About Madison


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Frequently Asked Questions

When was property at 38 Walnut Street built and last sold?
The property at 38 Walnut Street was built in 1968 and last sold on Jun 22, 2012 for $500,000.
How much is this home worth?
The estimated value of the home located at 38 Walnut Street is $752,450.
What are some comparable homes to 38 Walnut Street?
There are currently no comparable homes to 38 Walnut Street.

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