Madison  »  07940

4 Rachael Avenue, Madison, NJ 07940

Morris
Building in 07940
2 Stories
Built in 1977
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By LU CHAI
Welcome to 4 Rachael Avenue, a building located in Morris in Madison, NJ. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 1977. There are a total of 2 floors. The market value for the land that the building sits on has been listed at $382,927. In addition, improvements upon the building have an added value of $163,007. In total, the total market value of the property as a whole is $545,934. According to local assessors, the total value of the building is currently valued at $445,100. Specifically, the value of the land that the property sits on has been assessed at $312,200. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
General
Year Built
1977
Effective Year Built
1977
Bedroom Count
0
Building Condition
unknown
Building Quality
unknown
Construction Type
Frame
Building Style
unknown
Exterior Walls Type
unknown
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Floor Count
2
Living Units
1
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
Garage
Parking Space Count
1
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Land Acres
0.276
Standard Land Use Code
Single family residential
County Land Use Code
unknown
Ownership
Current Owner
ALPERTI LOUISE
Current Owner's Name
ALPERTI HOAG PROPERTIES LLC
Previous Owner
ALPERTI MADELINE
Owner Address - City
MADISON
Owner Address - State
NJ
Owner Address - ZIP Code
07940
Ownership Rights Codes
unknown
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Madison Borough School District
Census Tract
043200
Census Block Code
3003
Census Group
3
Census Year
2022
Census - Combined Statistical Area - Area Code
408
Census - Combined Statistical Area - Area Name
New York-Newark, NY-NJ-CT-PA
Census - County FIPS
34027
Census - Full FIPS
340270432003003
Census - Metropolitan Division - Area Code
35084
Census - Metropolitan Division - Area Name
Newark, NJ-PA
Census - Metro Micro Statistical Area - Area Code
35620
Census - Metro Micro Statistical Area - Area Name
New York-Newark-Jersey City, NY-NJ-PA
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
3442510
Census Source
US Census Bureau
Census State FIPS
34
Census Tract Code
043200
School District - Unified - Grade High
12
School District - Unified - Grade Low
KG
School District - Unified - LEA Code
3409240
School District - Unified - Name
Madison Borough School District
Zoning
Zoning
R-3
Geography
District
17
Parcel
17 04315-0000-00016
Block
4315
Lot
16
Lot Code
unknown
Municipality
MADISON BORO
Latitude
40.7518
Longitude
-74.4319
FIPS
34027
Mailing Carrier Code
C009
Mailing Full Street Address
8 RACHAEL AVE
Mailing House Number
8
Mailing Street Mode
AVE
Mailing Street
RACHAEL
Mailing 4-Digit Zip Code
2416
Geo Status Code
unknown
Valuation
Timestamp
2024-02-22 04:24:12
UCID Flag
C
More About The Building
In total, the building area is listed as 1,624 square feet. The depth of the property lot was measured at 1,200 square feet and the front at 1,000 square feet. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 4 Rachael Avenue is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the 07940 area have a median price of $4,450. Those in the 25th percentile, have a price around $3,325. While those in the 75th percentile, have a price around $5,763. As a breakdown, we've included the following stats:

  • There are currently no studio listings being advertised in the area.
  • There are currently a total of 3 one bedroom listings. The median price for these types of listings is $1,975.
  • There are currently a total of 11 two bedroom listings. The median price for these types of listings is $4,100.
  • There are currently a total of 8 three bedroom listings. The median price for these types of listings is $4,200.
  • There are currently a total of 4 four bedroom listings. The median price for these types of listings is $6,000.
About The Area
4 Rachael Avenue is located in 07940. There are 17,311 people living here. There are 5,433 households. Most of these households have an average family size of 3.26 people. According to the census, 29% are currently renting while 71% own their homes. The median age of this population is around 35.1 years old. On average, most folks in the zipcode are married. About 18% of folks speak a language other than English in this area. The area's employment rate is currently around 59.9%. Speaking of employment, the median income is $120,304. Most folks will commute by car for around 28.3 minutes. Finally, we know that 15% of residents in the area have graduated with their high school degree. Additionally, 36% and 31% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. Morris County, New Jersey has a population of 498,215 people. Based on census records, there are 179,734 registered households. Families in this area are on average made up of 3.25 people per household. Most folks are married. They are also typically around 42.2 years old. Does diversity matter to you? Right now, 24% of folks speak a language other than English here. About 25% rent while 75% purchased their homes. Right now, the community is made up of 22% of residents who have graduated with at least a high school degree. On top of that, 31% have a Bachelor's degree and 21% have a Master's degree. The employment rate is currently around 64.9%. Those employed, have a median income of $102,798. If you move here, you can expect to commute mostly by car for around 30.6 minutes.

Finally, let's take a look at the stats related to New York - Newark, NY - NJ - CT Urban Area. The urban area is home to 18,812,161 people. A total of 6,707,347 households are registered here. With average family sizes being listed at 3.42 people. About 25% of residents have graduated with a high school degree. Of the rest, 22% have their Bachelor's and 16% have their Master's degree. Folks speaking a language other than English, make up about 40% of the population. Speaking of your commute, 59.7% of people in this area are employed. The recorded median income is currently at $68,319 per year. The median population age has been listed at 37.8 years old. Interestingly enough, unmarried people make up the majority of the population. Last but not least, renters make up about 50% of the population while homeowners are at about 50% of the population.
-
Studio Median Rent
$1,975
1BR Median Rent
$4,100
2BR Median Rent
$4,200
3BR Median Rent

Nearby Schools

(within attendance boundary)
Torey J. Sabatini School  •  0.91 mi
Glenwild Circle, Madison, NJ 07940
Public  •  Elementary  •  Grades KG to 5
Madison Borough School District
Madison Junior School  •  1.23 mi
160 Main Street, Madison, NJ 07940
Public  •  Middle School  •  Grades 6 to 8
Madison Borough School District
Madison High School  •  1.74 mi
170 Ridgedale Avenue, Madison, NJ 07940
Public  •  High School  •  Grades 9 to 12
Madison Borough School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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