517 Madison Ave
Franklin Twp., NJ 08873-7014
- 4 beds
- 2 baths
- 1,372 sqft
- 5,227 sqft lot
- $346 per sqft
- 1940 build
- – on site
EXCEPTIONALLY LOW TAXES at less than $3000/year, Mutli-zone A/C and heat, a newly renovated bathroom, tankless water heater, newer windows, and a water softener make this an excellent starter home or investment. Why pay rent or townhome HOA fees? Plenty of options on how you want to utilize the space as soon as you enter: mud room or small office on the right, or sitting room or large office to the left. with large slider windows into the spacious living room. Eat-in kitchen features granite counters and sliding door out to the backyard deck. 2 BR's of first floor (utilizing wardrobes as closets) and 2 more BR's, a landing with closet, and full bath upstairs. Each room upstairs has a dedicated mini-split A/C and heating unit. Basement is accessible from side entrance, and includes laundry, utilities, well holding tank and an additional crawl space area. Storage shed in back yard. Quiet location, and desirable for commuters (close to Rt 287).
Last checked:
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Last updated May 9, 2025
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MLS# 3961777 —
The Building
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Construction Date/Year Built:1940
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Renovated Year:2013
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Style:Cape Cod, Bungalow
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Primary Style:Cape Cod
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Roof Description:Asphalt Shingle
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Exterior Description:Metal Siding
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Color of Building:Beige
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Basement:Yes
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Handicap Modified:No
Interior
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Interior Features:Blinds, Carbon Monoxide Detector, Fire Extinguisher, Track Lighting
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Flooring:Laminate, Tile, Wood
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# of Rooms:10
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Level 1 Rooms:2 Bedrooms, Bath Main, Entrance Vestibule, Kitchen, Living Room, Office
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Level 2 Rooms:2 Bedrooms, Bath(s) Other, Storage Room
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Kitchen Level:First
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Kitchen Area:Breakfast Bar, Eat-In Kitchen, Separate Dining Area
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Living Room Level:First
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Basement Level Rooms:Inside Entrance, Laundry Room, Storage Room, Utility Room
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Basement Description:Crawl Space, Unfinished
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Other Room 2 Level:First
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Other Room 2:Office
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Other Room 3 Level:Second
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Other Room 3:Loft
Room Dimensions
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Living Room Dimensions:27x14
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Kitchen Dimensions:22x10
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Bedroom 1 Dimensions:14x12
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Bedroom 2 Dimensions:11 Sqft
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Bedroom 3 Dimensions:12x11
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Bedroom 4 Dimensions:10x7
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Other Room 1 Dimensions:7x7
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Other Room 2 Dimensions:14x7
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Other Room 3 Dimensions:8x7
Financial & Terms
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Possession:POT
Location
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Directions:Elizabeth Ave. to Adams (at Uncle Tank's), then right on Madison
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Latitude:40.550090752771034
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Longitude:-74.53422708436848
The Property
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Property Subtype:Single Family
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Approx Lot Size:0 Sqft
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Lot Description:Cul-De-Sac, Level Lot
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Approx SqFt:1,372 Sqft
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Total Acres:0 Sqft
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Lot Identifier:5
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Zoning:Residential
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Exterior Features:Deck, Storage Shed, Thermal Windows/Doors
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Easements:No
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Assessment Land:54000
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Assess Amount Land Tax:*
Listing Agent
- Contact info:
- Office phone:
- (973) 539-8000
Taxes
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Tax ID:*
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Tax ID For Property:2708-00551-0000-00005-0000-
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Tax Year:2024
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Tax Year:*
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Tax Rate:*
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Tax Rate Year:2024
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Tax Rate Amount:1.748
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Tax Amount:$2,508
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Tax Amount:$*
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Lot ID Tax:*
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Lot Size Tax:*
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Acres Tax:$*
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Block ID Tax:*
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City Tax:$*
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City Code Tax:*
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County Tax:$*
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County Code Tax:*
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Zip Code Tax:*
Beds
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# of Bedrooms:4
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Master Bedroom Description:1st Floor
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Bedroom 1 Level:First
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Bedroom 2 Level:First
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Bedroom 3 Level:Second
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Bedroom 4 Level:Second
Baths
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# of Baths:2.00
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# of Full Baths:2
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Master Bath Features:Tub Shower
Heating & Cooling
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Cooling:3 Units, Central Air, Ductless Split AC, Multi-Zone Cooling
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Heating:3 Units, Forced Hot Air, Multi-Zone
Utilities
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Utilities:Electric, Gas-Natural
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Water:Well
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Fuel Type:Gas-Natural
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Sewer:Public Sewer
Appliances
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Appliances:Carbon Monoxide Detector, Dishwasher, Dryer, Instant Hot Water, Range/Oven-Gas, Refrigerator, Washer, Water Softener-Own
Schools
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High School:FRANKLIN
The Community
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Community Living:No
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Services:Cable TV Available, Garbage Extra Charge
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Assessment Total:176800
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Assessment Total Tax:*
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Assessment Bldg:122800
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Assess Amount Building Tax:*
Parking
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# of Parking Spaces:2
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Parking/Driveway Description:1 Car Width, Gravel, On-Street Parking
Monthly cost estimate

Asking price
$475,000
Expense | Monthly cost |
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Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,543
|
Taxes | N/A |
Insurance | $130 |
Utilities | $431 See report |
Total | $3,104/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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5/8/25
May 8, 2025
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Listed / Active | GSMLS | $475,000 | 216.7% (20.4% / YR) |
4/14/16
Apr 14, 2016
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Price Changed | GSMLS | ||
4/6/16
Apr 6, 2016
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Price Changed | GSMLS |

68% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $26k above asking price on average, but some went as high as $92k over asking price.