7 Prospect Pl, Madison, NJ 07940
OFF MARKET

$1,479,200

Trulia Estimate
  • 4 Beds
  • 3.5 Baths
  • 4,332 sqft

7 Prospect Pl, Madison, NJ 07940

Est. Refi. Payment $10,151/mo*
Refinance Your Home
Currently Off Market - Sold Sep 3, 2014 for $905,000

Home Value

Trulia Estimate
$1.48M
Since 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
MonthEstimated 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

  • Map ViewExplore the area around 7 Prospect Pl.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

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

Interior Features

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

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Vinyl, BrickLawnPatioSprinkler System
Parking & Garage
Parking Spaces: 3

Property Information

Year Built
Year Built: 1998
Property Type / Style
Property Type: Single Family HomeArchitecture: Colonial

Community

Units in Building: 1

Lot Information

Lot Area: 7501 sqft

Price and Tax history

DateEventPrice
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

Market trends in Madison

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
Sale-to-List Price
Price per sq ft
Available listings
22

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.
  • Heathermdelvalle
    "Fun downtown. Great schools. Cool people."
  • Lee Vanderpool
    "Multiple train options w frequent, direct trains into NYC (50 mins). Boxcar is also available but can take a little longer, depending on traffic (although more convenient). Drive to Secaucus is also an option."
  • Trulia User
    "Grew up here my entire life. My neighbors became like family to me and I am lucky to know them. There’s a strong sense of community in the everyday life, people talk to their neighbors beyond the generic “how are ya”."
  • Poxner
    "Great dog park and easy to meet new people with dogs and your neighbors while walking your dog around town. "
  • Lellis444
    "I’ve lived I this neighborhood for 36 years, it’s quiet and well maintained. It’s within walking distance to elementary, middle and high schools and the historic downtown and the train station. "
  • Terry D.
    "Best town in NJ! Beautiful, safe, good schools and great town management. The city of Madison runs like a well oiled machine. They take care of everything! We love living here!"
  • Cassandra L.
    "Great neighbors! People know each other and look out for each other. fantastic location, walking distance to train, downtown, schools and parks."
  • Westend200
    "It’s a beautiful neighborhood with great facilities. The shopping provide for a wide variety of convenience stores. It is fantastic for raising children. It’s location provides easy access to many key locations. "
  • Frances D.
    "People are polite in general and patriotic. There are a lot of finance people who commute to NYC. The town has history; dates back to 1700’s. Decent bars and restaurants. Three colleges nearby. Quaintish downtown area. "
  • gail e.
    "Lived here 38 yrs. great place to raise kids. Great schools. Walkable town. Many community events. "
  • Aspelker
    "Great schools with easy access to the city by train. "
  • Homesforsalenj
    "Love the town and this side of town has best of everything! Bussing to schools Access to Shopping without the traffic lights Quick access to NYC & rte 78 "
  • bvielehr
    "Madison is a wonderful town in all ways"

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.

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