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44 Brooklake Rd, Madison, NJ, 07940

5beds
4baths
3,500sqft
$1,499,999
$429price/sqft
$10,926/moest. monthly cost
$437,040/yrincome needed

About This Home

This new construction home in Madison offers an unbeatable value and an incredible opportunity to own new construction in Madison! Boasting 5 bedrooms, 3.1 bathrooms, and nearly 3,500 square feet of beautifully designed finished space, it's truly one of the best offerings in town. The first floor showcases a thoughtfully designed open-concept layout, perfect for modern living and entertaining. It features a spacious living and dining area, a large center island, and a beautiful kitchen outfitted with a premium Viking appliance package, combining top-of-the-line performance with sleek, modern design. A powder room and mudroom add convenience and functionality. Upstairs, you'll find four generously sized bedrooms and two full bathrooms, including a phenomenal primary suite with a luxurious en-suite bath and a gracious walk-in closet. The fully finished basement adds nearly 1,100 square feet of additional living space, complete with a fifth bedroom, full bath, and a large rec room, providing plenty of flexibility for a home office, gym, or guest suite. Don't miss your chance to make this your dream home in one in of the most desirable towns in NJ.

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

8/10
Kings Road SchoolGrades K-50.6 mi
6/10
8/10
Madison High SchoolGrades 9-121.6 mi

Construction

Condition

  • Property condition: Under Construction
  • New construction: Yes
  • Year built: 2025

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Kitchen Exhaust Fan,Microwave,Range/Oven-Gas,Refrigerator,Gas Water Heater
  • Laundry features: Laundry Room,Level 2

Basement

  • Features: 1 Bedroom, Bath(s) Other, Exercise Room, Family Room, Storage Room, Utility Room

Basement

  • Has basement: Yes
  • Basement: Yes,Finished,Sump Pump

Bedroom1

  • Level: Second
  • Area: 240

Bedroom2

  • Level: Second
  • Area: 165

Bedroom3

  • Level: Second
  • Area: 156

Bedroom4

  • Level: Second
  • Area: 156

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Dining Room

  • Features: Formal Dining Room
  • Level: First
  • Area: 210

Features

  • Bedroom,Bathroom
  • Flooring: Tile,Vinyl-Linoleum,Wood
  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes

Heating & Cooling

  • Heating features: 2 Units,Natural Gas
  • Cooling features: 2 Units

Interior Area

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

Kitchen

  • Features: Kitchen Island
  • Level: First
  • Area: 242

Living Room

  • Level: First
  • Area: 288

Master Bathroom

  • Features: Soaking Tub,Stall Shower

Property

Details

  • Parcel number: 2317023040000000150001
  • Zoning description: R-3

Features

  • Exterior features: Curbs

Lot

  • Lot size: 7,840 sqft
  • Lot size dimensions: .18 AC

Parking

  • Total spaces: 2
  • Parking features: Asphalt,Driveway-Exclusive,Hard Surface,Attached Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

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 $7,584$91,008
Home Insurance *$320$3,840
Property Taxes $2,637$31,644
Electricity $385$4,629
Total$10,926$131,112
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$374,605/yr
40% on housing$327,780/yr
45% on housing$291,360/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

$429This listing

vs Other Active Listings

Avg $/sqft

ZIP 07940$729
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
2026-05-12Price change$1,549,999
2026-02-12Price change$1,599,999
2025-11-20Listed for sale$1,699,000
2025-06-30Listing removed$1,675,000
2025-06-09Listed for sale$1,675,000
2020-08-17Listing removed$2,800
2020-07-21Listed for rent$2,800
2019-02-28Sold$520,000
2018-11-26Listing removed$542,000
2018-09-26Price change$542,000
2018-08-01Listed for sale$610,000
1995-02-23Sold$178,000

New Construction

AgentJames Mattina
BrokerageAst Realty, Llc

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