This elegant Colonial is set on a quiet cul-de-sac in one of Madison's most desirable neighborhoods. Blending timeless architecture with modern functionality, this home features a generously sized living room, a formal dining room, and a large renovated kitchen open to the family room, ideal for both everyday living and entertaining. A wall of windows fills the kitchen, designated breakfast nook, and family room with natural light, providing beautiful views of the backyard. The kitchen features abundant custom cabinetry, a large center island, Silestone countertops, high-end stainless steel appliances, and a pantry. A convenient mudroom connects the kitchen to both the oversized two-car garage and the backyard. A home office station, powder room, and laundry room complete the first level. The second floor offers five bedrooms, three full bathrooms, and a versatile bonus room. The spacious primary suite includes two walk-in closets and a full bath with custom cabinetry, a soaking tub, a stall shower, radiant heated floors, and a double vanity. The finished basement provides exceptional additional living space, perfect for a media room, an exercise area, and a recreation room. Outdoors, the level, private backyard offers ample space for play and entertaining, highlighted by a large bluestone patio. Ideally located in one of Madison's most desirable neighborhoods, this home features classic design, generous living spaces, and a tranquil setting.
Under contract
$2,350,000
7 Colonial Way, Madison Boro, NJ 07940
5beds
--sqft
Est.:
Single Family Residence
Built in 1972
0.69 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 37 days |
- 2,395 |
- 71 |
Likely to sell faster than
Zillow last checked: 14 hours ago
Listing updated: March 06, 2026 at 09:20am
Listed by:
Deirdre Coleman 973-464-8159,
Turpin Real Estate, Inc.
Source: GSMLS,MLS#: 4010808
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Description: Full Bath, Walk-In Closet
Bedroom 1
- Level: Second
- Area: 195
- Dimensions: 15 x 13
Bedroom 2
- Level: Second
- Area: 221
- Dimensions: 17 x 13
Bedroom 3
- Level: Second
- Area: 132
- Dimensions: 12 x 11
Bedroom 4
- Level: Second
- Area: 196
- Dimensions: 14 x 14
Primary bathroom
- Features: Soaking Tub, Stall Shower And Tub
Dining room
- Features: Formal Dining Room
- Level: First
- Area: 204
- Dimensions: 17 x 12
Family room
- Level: First
- Area: 288
- Dimensions: 18 x 16
Kitchen
- Features: Breakfast Bar, Kitchen Island, Eat-in Kitchen
- Level: First
- Area: 468
- Dimensions: 26 x 18
Living room
- Level: First
- Area: 285
- Dimensions: 19 x 15
Basement
- Features: Media Room, Rec Room
Heating
- 2 Units, Forced Air, Zoned, Radiant - Electric, Natural Gas
Cooling
- 2 Units, Central Air, Zoned
Appliances
- Included: Carbon Monoxide Detector, Gas Cooktop, Dishwasher, Dryer, Microwave, Range/Oven-Gas, Refrigerator, Self Cleaning Oven, Wall Oven(s) - Gas, Washer, Water Softener Owned, Wine Refrigerator, Gas Water Heater
- Laundry: Laundry Room
Features
- Bedroom, Foyer
- Flooring: Carpet, Stone, Tile, Wood
- Doors: Storm Door(s)
- Windows: Blinds, Shades
- Basement: Yes,Finished,Full
- Number of fireplaces: 1
- Fireplace features: Family Room, Wood Burning
Property
Parking
- Total spaces: 2
- Parking features: 1 Car Width, 2 Car Width, Asphalt, Attached Garage, Oversized
- Attached garage spaces: 2
Features
- Patio & porch: Patio
- Exterior features: Underground Lawn Sprinkler
Lot
- Size: 0.69 Acres
- Dimensions: 125 x 240
- Features: Cul-De-Sac, Level
Details
- Parcel number: 2317044020000000180000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Brick, Wood Siding, Wood Shingle
- Roof: Asphalt Shingle
Condition
- Year built: 1972
- Major remodel year: 2019
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities, Cable Available, Garbage Included
Community & HOA
Community
- Security: Carbon Monoxide Detector
- Subdivision: Hill
Location
- Region: Madison
Financial & listing details
- Tax assessed value: $1,421,100
- Annual tax amount: $30,269
- Date on market: 2/26/2026
- Ownership type: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Pending sale | $2,350,000 |
Source:  GSMLS #4010808 Report a problem | ||
| 2/26/2026 | Listed for sale | $2,350,000+42.2% |
Source: GSMLS #4010808 Report a problem | ||
| 7/30/2004 | Sold | $1,652,500 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $30,269 | $1,421,100 |
| 2024 | $30,269 +3.4% | $1,421,100 |
| 2023 | $29,260 +0.2% | $1,421,100 |
| 2022 | $29,189 +1.4% | $1,421,100 |
| 2021 | $28,791 +2.7% | $1,421,100 |
| 2020 | $28,038 +2.6% | $1,421,100 +3% |
| 2019 | $27,339 +0.8% | $1,380,000 -2.9% |
| 2018 | $27,126 +1.8% | $1,421,700 |
| 2017 | $26,657 +1.9% | $1,421,700 |
| 2016 | $26,159 +3.5% | $1,421,700 |
| 2015 | $25,278 +2.9% | $1,421,700 +1.5% |
| 2014 | $24,568 -4% | $1,400,700 |
| 2013 | $25,595 +2.6% | $1,400,700 +52.1% |
| 2012 | $24,950 +2.7% | $921,000 |
| 2011 | $24,305 +4.2% | $921,000 |
| 2010 | $23,329 +2.2% | $921,000 |
| 2009 | $22,822 | $921,000 |
| 2008 | -- | $921,000 |
| 2007 | -- | $921,000 |
| 2006 | -- | $921,000 |
| 2005 | -- | $921,000 |
| 2004 | -- | $921,000 |
| 2003 | -- | $921,000 |
| 2002 | -- | $921,000 |
| 2001 | -- | $921,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$15,644/mo
Principal & interest
$12119
Property taxes
$3525
More affordability tools
Climate risks
Neighborhood: 07940
Nearby schools
GreatSchools rating
- 7/10Torey J. Sabatini Elementary SchoolGrades: K-5Distance: 0.6 mi
- 6/10Madison Junior Middle SchoolGrades: 6-8Distance: 0.9 mi
- 8/10Madison High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Torey J.
- Middle: Madison Jr
- High: Madison
Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 07940
- New Jersey
- Morris County
- Madison
- 07940
- 7 Colonial Way
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