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8 Pine Tree Ter, Madison, NJ, 07940

5beds
5baths
3,500sqft
$1,699,900
$486price/sqft
$12,330/moest. monthly cost
$493,200/yrincome needed

About This Home

Impeccably renovated Colonial designed with attention to every detail imaginable. Upscale finishes and touches throughout this modern traditional Colonial in sought after Madison situated on a private, deep lot. Stunning design and detail at every turn with a versatile floor plan. formal dining can easily be formal living room or other use, if desired. Great room allows for multi purpose use of dining area, family room & more. Convenient to Manhattan Direct Train/bus, highways, universities & picturesque downtown Madison known for it's shops & restaurants. Nearby Green Acres parks & recreation ball fields w/excellent school district, community based sports/activities & more. Discover why Madison is the place to be! Property taxes TBD. Cameras in use. Completed and ready to close!

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

9/10
Kings Road SchoolGrades K-50.5 mi
7/10
8/10
Madison High SchoolGrades 9-121.6 mi

Construction

Condition

  • Property condition: Under Construction
  • New construction: Yes
  • Year built: 1948

Materials

  • Roof: Asphalt Shingle

Notable Dates

  • Major remodel year: 2026

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Carbon Monoxide Detector,Dishwasher,Microwave,Range/Oven-Gas,Refrigerator,Wine Refrigerator,Gas Water Heater
  • Laundry features: Level 2

Basement

  • Features: Rec Room, Storage Room, Utility Room

Basement

  • Has basement: Yes
  • Basement: Yes,Partially Finished,French Drain,Full,Partial,Sump Pump

Bedroom1

  • Level: Second
  • Area: 294

Bedroom2

  • Level: Second
  • Area: 169

Bedroom3

  • Level: Second
  • Area: 156

Bedroom4

  • Level: Second
  • Area: 176

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 3
  • 1/2 bathrooms: 2

Dining Room

  • Features: Formal Dining Room
  • Level: First
  • Area: 221

Family Room

  • Level: First
  • Area: 525

Features

  • Bedroom/Office,Foyer,Rec Room
  • Window features: Thermal Windows/Doors
  • Flooring: Tile,Wood
  • Number of fireplaces: 1
  • Fireplace features: Ventless,Great Room
  • Fireplace: Yes

Heating & Cooling

  • Heating features: 2 Units,Forced Air,Natural Gas
  • Cooling features: 2 Units,Central Air

Interior Area

  • Total structure area: 3,500
  • Total interior livable area: 3,500 sqft

Kitchen

  • Features: Breakfast Bar,Kitchen Island,Eat-in Kitchen
  • Level: First
  • Area: 204

Master Bathroom

  • Features: Stall Shower And Tub

Property

Details

  • Parcel number: 2317023030000000250000
  • Zoning description: RES/R3

Features

  • Patio & porch: Patio
  • Exterior features: Curbs,Sidewalk,Underground Lawn Sprinkler

Lot

  • Lot size: 10,454 sqft
  • Features: Level,Open Lot
  • Lot size dimensions: 50 x 206

Parking

  • Total spaces: 1
  • Parking features: 1 Car Width,Asphalt,Built-In Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Inland Flooding
Lightning
Strong Wind

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

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

MonthlyAnnual
Mortgage $8,595$103,140
Home Insurance *$362$4,344
Property Taxes $2,988$35,856
Electricity $385$4,629
Total$12,330$147,960
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$422,742/yr
40% on housing$369,900/yr
45% on housing$328,800/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

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.

Insurance Growth Rate5-year average: 6.8%
6.8%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$486This listing

vs Other Active Listings

Avg $/sqft

ZIP 07940$723
Morris County$395

vs Homes Sold Last Month

Median $/sqft

ZIP 07940$521
Morris County$367

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

DateEventPrice
2026-08-08Listed for sale$1,699,900
2025-06-26Sold$735,000
2025-06-11Pending sale$699,900
2025-05-29Listed for sale$699,900

New Construction

AgentValarie Ellis-friedman
BrokerageRe/Max Achievers

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