7 Colonial Way
Madison, NJ, 07940 $ 2,350,000
Bedrooms5 Baths3.1 Monthly Estimate*
$ 14,469
for $2,350,000 with 5 bedrooms and 3 full baths, 1 half bath. This home was built in 1972 on a lot size of 0.69.
This elegant Colonial is set on a quiet cul-de-sac in one of Madison's most desirable neighborhoods. Blending timeless architecture with modern functionality, this home features a generously sized living room, a formal dining room, and a large renovated kitchen open to the family room, ideal for both everyday living and entertaining. A wall of windows fills the kitchen and designated breakfast nook with natural light, providing beautiful views of the backyard. The kitchen features abundant custom cabinetry, a large center island, Silestone countertops, high-end stainless steel appliances, and a spacious pantry. A convenient mudroom connects the kitchen to both the oversized two-car garage and the backyard. A home office station, powder room, and laundry room complete the first level. The second floor offers five bedrooms, three full bathrooms, and a versatile bonus room. The spacious primary suite includes two walk-in closets and a full bath with custom cabinetry, a soaking tub, a stall shower, radiant heated floors, and a double vanity. The finished basement provides exceptional additional living space, perfect for a media room, an exercise area, and a recreation room. Outdoors, the level, private backyard offers ample space for play and entertaining, highlighted by a large bluestone patio. Ideally located in one of Madison's most desirable neighborhoods, this home features classic design, generous living spaces, and a tranquil setting.
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Single Family Coming Soon
FeaturesInteriorInterior Amenities BarWet Blinds CODetect Shades SmokeDet SoakTub StallShw StallTub TubShowr WlkInCls
Basement Finished Full
Flooring Carpeting Stone Tile Wood
Total Fireplaces 1
Fireplace Features Family Room Wood Burning
Other Room 1 Level Second
Kitchen Level First
Living Room Level First
Other Room 4 Level First
Dining Room Level First
Other Room 2 Level First
Other Room 3 Level First
Family Room Level First
Fuel Type Gas-Natural
Half Baths 1
Total Bedrooms 5
Kitchen Features Breakfast Bar Center Island Eat-In Kitchen
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GeneralSewer Public Sewer
Heating 2 Units Forced Hot Air Multi-Zone Radiant - Electric
Cooling 2 Units Central Air Multi-Zone Cooling
Utilities All Underground
Possession upon closing
Roof Asphalt Shingle
Appliances Carbon Monoxide Detector Cooktop - Gas Dishwasher Dryer Microwave Oven Range/Oven-Gas Refrigerator Self Cleaning Oven Wall Oven(s) - Gas Washer Water Softener-Own Wine Refrigerator
Water Heater Gas
Garage Spaces 2
Architectural Style Colonial
Year Built 1972
Garage Attached Garage Oversize Garage
Township Madison Boro
Tax Year 2024
Ownership Fee Simple
County Morris
Subdivision Name Hill
Total Rooms 13
Full Baths 3
Status Coming Soon
Directions Woodland to Garfield to right on Colonial Way
High School Madison
Elementary School Torey J.
Tax Annual Amount 30269
Middle/Junior High School Madison Jr
Drive 1 Car Width 2 Car Width Blacktop
Standard Status Coming Soon
Tax Assessed Value 1421100
Town # 2318
Tax Lot 18
Primary Style Colonial
Sub Property Type Single Family
Community Living No
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ExteriorExterior Amenities Patio Storm Door(s) Underground Lawn Sprinkler
Pool No
Lot Features Cul-De-Sac Level Lot
Water Source Public Water
Exterior Description Brick Wood Wood Shingle
Lot Dimensions 125 X 240
Lot Size Acres 0.69
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* Excluded FeaturesList ByDEIRDRE COLEMANListing Agent
Turpin Real Estate, Inc.Broker
DColeman@turpinrealtors.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $14,469
- Monthly Property Taxes
- $2,522
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Madison, NJ
Average List Price $1,970,629
Percent of Sale Price 16%
About Madison, NJ 16,228 Population
-1% Since 2002
$ 124,037 Median Income
37.73 Median Age
37% Households with Children
Trends Information provided by ATTOM Data Solutions.
3789272 Elementary School
289463 Middle School
Madison High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/20/2026 | $2,350,000 | | Listed Price |