$1,479,200
- 4 Beds
- 3.5 Baths
- 4,332 sqft
7 Prospect Pl, Madison, NJ 07940
Est. Refi. Payment $10,151/mo*
Refinance Your HomeCurrently Off Market - Sold Sep 3, 2014 for $905,000
Home Value
Trulia Estimate
$1.48MSince last month
Decreased$49K (-3.2%)Since last year
Increased$68K (+4.8%)Since last sale
Increased$576K (+63.6%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +64% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $1.48M |
| August 2026 | $1.48M |
| July 2026 | $1.53M |
| June 2026 | $1.54M |
| May 2026 | $1.51M |
| April 2026 | $1.49M |
| March 2026 | $1.46M |
| February 2026 | $1.41M |
| January 2026 | $1.42M |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.03 | Single-Family Home | $1,270,000 | 01/27/26 | 3 | 4 | - | |
0.28 | Single-Family Home | $675,000 | 01/13/26 | 2 | 1.5 | 1,014 | |
0.43 | Single-Family Home | $1,310,000 | 03/26/26 | 4 | 3 | - | |
0.44 | Single-Family Home | $1,310,000 | 04/17/26 | 4 | 4 | - | |
0.86 | Single-Family Home | $600,000 | 01/29/26 | 5 | 2.5 | 2,498 | |
0.47 | Single-Family Home | $1,375,000 | 02/09/26 | 3 | 3 | - | |
0.28 | Single-Family Home | $995,000 | 11/14/25 | 3 | 3 | - | |
1.05 | Single-Family Home | $875,000 | 02/12/26 | 4 | 3 | - | |
0.80 | Single-Family Home | $985,000 | 12/11/25 | 3 | 3 | - | |
0.71 | Single-Family Home | $915,000 | 11/03/25 | 2 | 3 | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.03 | $1,270,000 | 3 | 4 | - | Recently Sold | |
0.12 | $1,820,500 | 4 | 5 | - | Off Market | |
0.12 | $1,066,800 | 4 | 3 | - | Off Market | |
0.13 | $2,045,600 | 5 | 5 | - | Off Market | |
0.15 | $1,861,400 | 5 | 5 | - | Off Market | |
0.18 | $1,750,700 | 4 | 4 | - | Off Market | |
0.19 | $1,256,000 | 3 | 3 | - | Off Market | |
0.20 | $1,147,400 | 3 | 4 | - | Off Market | |
0.24 | $1,014,700 | 4 | 2 | - | Off Market | |
0.24 | $2,895,000 | 7 | 7 | 6,881 | For Sale | |
0.25 | $2,700,000 | 7 | 7 | - | Recently Sold | |
0.26 | $713,500 | 2 | 2 | - | Off Market |
Local Information
-- mins to
Home Highlights
Single-Family Home
Built in 1998
4,332 sqft
$341/sqft
About this House
Loft like living in the beautiful suburbs! With a feel of SoHo in the country, this custom built four bedroom three and one half bath brick front home has amazing living space. The wide open, flexible, floor plan offers lots of light, yet is so very private! Welcomed by a beautiful glass and wood front door the first level with hardwood floors offers a flexible floor plan with a spacious living room, a family room with two story windows and a fireplace, and the kitchen with a center island with breakfast bar, cherry cabinets, granite counters, quality appliances and walk in pantry. The oversized windows overlook the incredible pool and private backyard. Located on the second level is the master suite, two additional bedrooms, full bath, laundry room plus a loft, perfect for library, study or office. The fully carpeted third level with a French door entry and window seat is the perfect flexible living space. The finished lower level features a carpeted recreation area, a large sunny guest room, full bath, private entrances and a tiled “pool kitchen”. This unique home will amaze, it is a MUST SEE!
7 Prospect Pl, Madison, NJ 07940 is a 4 bedroom, 4 bathroom, 4,332 sqft single-family home built in 1998. It last sold for $905,000 on Sep 3, 2014. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,479,200, with a rent estimate of $7,395/month.
Home Details for 7 Prospect Pl
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Interior Details BasementAtticIn-law unitNumber of Rooms: 11Types of Rooms: Walk In Closet, Dining Room, Family Room, Laundry Room, Library, Master Bath, PantryCeiling Fan |
Heating & Cooling Heating: Forced Air, ElectricAir ConditioningCooling System: CentralHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Stories: 3Floors: Tile, Hardwood |
Appliances & Utilities Cable ReadyDishwasherDisposalDryerMicrowaveRefrigeratorWasher |
Fireplace & Spa Fireplace |
Windows, Doors, Floors & Walls Double Paned Windows |
Security Security System |
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Exterior Home Features Roof: AsphaltExterior: Vinyl, BrickLawnPatioSprinkler System |
Parking & Garage Parking Spaces: 3 |
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Year Built Year Built: 1998 |
Property Type / Style Property Type: Single Family HomeArchitecture: Colonial |
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Units in Building: 1 |
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Lot Area: 7501 sqft |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 3, 2014 Source: GSMLS #3146819 | Sold | $905,000 |
Jul 9, 2014 Source: Agent Provided | PriceChange | $929,000 Price decreased by 1% |
Jun 26, 2014 Source: Agent Provided | PriceChange | $939,000 Price decreased by 6% |
Jun 5, 2014 Source: Agent Provided | Listed For Sale | $999,080 |
May 29, 1997 Source: N/A | Sold | $108,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $17,681 | $830,100 |
Home facts updated by county records
Market trends in Madison
Last updated July 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
22
Around this home
What Locals Say about Madison
At least 147 Trulia users voted on each feature.
90 % Say people would walk alone at night
88 % Say it's dog friendly
84 % Say there are sidewalks
83 % Say parking is easy
82 % Say there's holiday spirit
80 % Say it's walkable to restaurants
80 % Say streets are well-lit
78 % Say it's walkable to grocery stores
77 % Say kids play outside
76 % Say car is needed
73 % Say yards are well-kept
69 % Say it's quiet
65 % Say they plan to stay for at least 5 years
59 % Say neighbors are friendly
56 % Say there's wildlife
55 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 7 Prospect Pl
- What is 7 Prospect Pl estimated to be worth?Trulia's estimated value for 7 Prospect Pl in Madison, NJ is $1,479,200.
- What is the price history for 7 Prospect Pl?7 Prospect Pl in Madison, NJ last sold for $905,000 in September 2014.
- Is Madison a buyer's or seller's market?Madison is currently a seller's market, based on recent for-sale activity.
- What do residents say about Madison?Residents describe Madison, NJ as dog-friendly, pedestrian-friendly, and easy to park in. See recently sold homes in Madison, NJ.
- Does 7 Prospect Pl have air conditioning?Yes, 7 Prospect Pl in Madison, NJ has air conditioning.
- Does 7 Prospect Pl have laundry facilities?Yes, 7 Prospect Pl in Madison, NJ has in-unit laundry.