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956 Madison Ave, Lakewood, NJ, 08701

5beds
4baths
2,980sqft
$850,000
$285price/sqft
$6,712/moest. monthly cost
$268,480/yrincome needed

About This Home

Beautiful two-story condo in a great area on the top floors away from the noise and traffic

Getting Around

66
WalkingSomewhat Walkable
0
TransitVery Limited Transit
52
BikeBikeable

Schools

4/10
Clifton Ave Grade SchoolGrades 2-50.3 mi
6/10
Lakewood Middle SchoolGrades 6-81.4 mi
3/10
Lakewood High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 2007

Materials

  • Foundation: Concrete
  • Roof: Asphalt
  • Construction materials: Other

Type & Style

  • Home type: Condo

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Heating & Cooling

  • Heating features: Forced air
  • Cooling features: Central

Interior Area

  • Total interior livable area: 2,980 sqft

Property

Details

  • Parcel number: 150006500000000228C1000

Features

  • Exterior features: Stucco

Parking

  • Total 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

  • Strong Wind
    Strong WindVery High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Winter Weather
Cold Wave
Earthquake
Hurricane
Heat Wave
Ice Storm
Lightning
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire

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 $4,298$51,576
Home Insurance *$373$4,476
Property Taxes $1,713$20,556
Electricity $328$3,942
Total$6,712$80,544
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$230,125/yr
40% on housing$201,360/yr
45% on housing$178,986/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: 7.2%
7.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.1%
-2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$285This listing

vs Other Active Listings

Avg $/sqft

ZIP 08701$266
Ocean County$354

vs Homes Sold Last Month

Median $/sqft

ZIP 08701$276
Ocean County$302

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)

No zestimate history available

Price History

DateEventPrice
2026-02-15Price change$959,000
2025-11-14Price change$940,000
2025-08-18Listed for sale$890,000
2025-08-07Listing removed--
2025-05-09Price change$899,000
2025-02-04Listed for sale$889,000
2024-11-25Listing removed--
2024-07-03Listed for sale$855,000
2015-06-04Sold$459,000

For Sale by Owner

AgentProperty Owner

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