49 Park Ave, Madison, NJ, 07940
About This Home
Stunning Puddingstone Victorian blending modern luxury and old-world charm. Beautifully restored top to bottom: new flooring, mechanicals, central air, custom built-ins, and high-end finishes throughout. Iconic details include carved woodwork, custom arched front doors, copper accents, and purple-hued puddingstone that sparkles in the sun. A rare chance to own historic architecture with every modern comfort while near shops, restaurants, parks, and NJ Transit. Currently a two-family home. Unit #1 (ground + lower level): 3 BR, 2 BA with historical character flowing into an open-concept kitchen with center island and dining/living space. First-floor bedroom features a decorative fireplace and oversized floor-to-ceiling windows. Lower level walks out to a covered patio, backyard, and private parking with two EV charging stations. Unit #2 (2nd + 3rd level): 4 BR, 3 BA with exquisite finishes and thoughtful design. Stylish kitchen with high-end appliances and ample storage. Show-stopping primary suite boasts 20' cathedral ceilings, exposed wood beams, a dressing area, walk-in closet, and stunning en suite. Curb appeal is an understatement for this property with fresh new landscaping, private parking with charging stations, rear deck and a spacious backyard area! Prime location allows you to embrace the best of suburban living with direct access to Main Street in Madison, fun neighboring towns, and a just quick trip to NYC!
Getting Around
Very Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1820
Materials
- Roof: Asphalt Shingle,Metal
- Construction materials: Stone,Wood Siding
Notable Dates
- Major remodel year: 2026
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Range/Oven - Gas,Refrigerator,Microwave Oven
Basement
- Has basement: Yes
- Basement: Yes,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Features
- Dry Bar,Beamed Ceilings,Cathedral Ceiling(s),Chandelier,High Ceilings,Walk-In Closet(s),Bedrooms,Eat-in Kitchen,Kitchen,Living Room,Living/Dining Room,Master Bedroom,Ceiling Fan(s)
- Flooring: Wood
- Number of fireplaces: 1
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air,Zoned,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 4,298
- Total interior livable area: 4,298 sqft
Property
Details
- Parcel number: 2317011010000000070001
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck,Patio
- Exterior features: Curbs,Sidewalk,Underground Lawn Sprinkler
Lot
- Lot size: 0.37 Acres
- Lot size dimensions: 0.373 AC
Parking
- Total spaces: 4
- Parking features: Parking Lot-Shared
- Uncovered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Cold Wave
- Inland Flooding
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $12,636 | $151,632 |
| Home Insurance * | $533 | $6,396 |
| Property Taxes | $3,831 | $45,972 |
| Electricity | $473 | $5,685 |
| Total | $17,473 | $209,676 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-20 | Listed for sale | $2,499,000 |
| 2024-07-02 | Sold | $900,000 |
| 2021-08-20 | Listing removed | -- |
| 2021-06-17 | Price change | $899,000 |
| 2021-04-27 | Price change | $948,000 |
| 2021-01-25 | Price change | $975,000 |
| 2021-01-10 | Price change | $1,035,000 |
| 2020-06-11 | Price change | $995,000 |
| 2020-03-10 | Listed for sale | $580,000 |
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