56 Madison Street

56 Madison Street has been categorized by the local assessors in Morristown, NJ as a residential type of property. The building on the property was first built in 1890 and is 134 years old. The building has a total of 2 stories. In addition, 56 Madison Street has 3,034 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,840 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 9,200 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a triplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The property was last sold in Jun 4, 2020 for $734,000. That's $241.92 per sqft. Prior to that sales transaction, the property was also sold in Jun 15, 2015 for $472,500. 56 Madison Street was last assessed in 2023. The total value of the property was assessed at $376,200. Specifically, the land the property is located on was valued at $200,000. While improvements on the property were assessed at a total of $176,200. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $10,932. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.