Morris County and Madison Borough property record for 31 Academy Rd, Madison, NJ 07940
| Property Type | Single Family Home |
|---|---|
| Details | 3,727 sqft · built 1920 |
| Lot Size | 0.202 acres (8,799 sqft) |
| Owner | 2 Individual Names on Record |
| Last Sale | $1,950,000 (Feb 2025) |
| Tax Bill | $14,235 (2024) |
| Deeds & Mortgages | Feb 2024 Sale & Mortgage |
| APN | 17-03001-0000-00062 |
| Primary APN | 17-03001-0000-00062 |
|---|---|
| Alternative APNs |
|
| Stories | 2 Stories |
|---|---|
| Building Area | 3,727 sqft Living Area |
| Year Built | Built 1920 |
|---|---|
| Effective Year Built | Effective 1920 |
| Exterior Material | Brick |
| Construction Type | Frame |
| Lot Area | 8,799 sqft (0.202 acres) |
| Lot Dimensions | 110 ft deep x 80 ft wide |
| Parking Spaces | 2 Parking Spaces |
| Old Parcel Number | 1700030000000015A |
|---|---|
| Street Address | 31 ACADEMY RD |
| City | MADISON |
| State | NJ |
| Zip | 07940-2001 |
| Property Category | Residential |
| Property Type | Residential > Single Family > Home |
| Local Zoning Code | R-3 |
| Legal Subdivision | BOROUGH |
| Legal Block | 3001 |
| Legal Lot Number | 62 |
| Jurisdiction | MORRIS NJ |
| Township / Civil Division | MADISON |
| Census Block Group | 2 |
| Census Block | 2002 |
| Census Tract | 43200 |
Source: Morris County and Madison Borough records, as of July 9, 2026
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | 2 Individual Names on Record |
|---|---|
| Mailing Address | 31 ACADEMY RD, MADISON, NJ 07940-2001 |
| Occupancy | Owner Occupied |
| Owner Type | Individual |
| Vesting | Husband and Wife |
| Deed Names | 2 Names on Deed |
|---|---|
| Last Sale | Feb 7, 2025 · Amount on Record |
| Deed Sale | Feb 7, 2025 · Amount on Record |
| Prior Sale | Feb 7, 2024 · Amount on Record |
| Deed Document Number | 20255185 |
| Deed Book / Page | 24875 / 833 |
| Record Updated | Sep 20, 2026 |
| Document Type | Deed |
|---|---|
| Jurisdiction | MORRIS NJ |
| Recording Date | Feb 7, 2024 |
| Property Address | 31 ACADEMY RD, MADISON, NJ 07940-2001 |
| Document Number | 0247120378 |
| Book / Page | 24712 / 378 |
| Instrument Date | Jan 30, 2024 |
| Instrument | 2024004606 |
| Transaction Type | Transfer |
| Record Updated | Mar 7, 2024 |
| Title Company | WESTCOR LAND TITLE INSURANCE COMPANY, WESTCOR LAND TITLE INS CO |
| Amount | Amount Recorded |
|---|---|
| Tax | $2,988.00 |
| Amount Accuracy | Full Amount Stated |
| Additional |
|
| Name | Verified Name |
|---|---|
| Address | 45 S PARK PL # 150, 150, MORRISTOWN, NJ 07960-3924 |
| Name | Verified Name |
|---|---|
| Address | 31 ACADEMY RD, MADISON, NJ 07940-2001 |
| Document Number | 2024004607 |
|---|---|
| Date | Feb 7, 2024 |
| Instrument | 2024004607 |
| Name | MICHAEL PALEOKRASSAS |
|---|---|
| Type | Private Party |
| Type | Stand-Alone First Mortgage |
|---|---|
| Amount | Amount Recorded |
Source: Morris County and Madison Borough assessment roll, as of July 9, 2026
| Type | Name |
|---|---|
| State | New Jersey |
| County | Morris County |
| Municipality | Madison Borough |
| Unified School District | Madison Borough School District (KG - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2026 | $911,900 (+36.45%) Land $429,000 Building $482,900 | $911,900 (+36.45%) Land $429,000 Building $482,900 | |
| 2025 | $668,300 (-) Land $429,000 Building $239,300 | $668,300 (-) Land $429,000 Building $239,300 | |
| 2024 | $14,235.00 (+3.71%) | ||
| 2023 | $668,300 (-) Land $429,000 Building $239,300 | $668,300 (-) Land $429,000 Building $239,300 | |
| 2022 | $13,726.00 (+1.38%) | $668,300 Land $429,000 Building $239,300 | $668,300 Land $429,000 Building $239,300 |
| 2021 | $13,539.00 |
Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.
Source: FEMA National Flood Hazard Layer · OpenFEMA NFIP redacted claims and policies, as of September 2026
| FEMA Flood Zone | Not on file |
|---|---|
| Nearby Flood Policies | 1 in force |
Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Low lower than 93% of the US · lower than 81% of New Jersey |
|---|---|
| Wildfire Likelihood | Under 0.01% annual chance |
| Exposure | None beyond ember reach |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: EPA Safe Drinking Water Information System, as of September 2026
| Water System | MADISON WATER DEPT serves 15,820 people · EPA ID NJ1417001 |
|---|---|
| Water Source | Groundwater |
| Last State Inspection | Aug 2024 |
| Lead | 3 ppb (2022–2024) action level 15 ppb |
| Water Quality | None last 10 years |
|---|---|
| Treatment and Procedure | None last 10 years |
| Monitoring and Reporting | 7 last 3 years |
Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.
Source: FCC Broadband Data Collection, based on 181 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| Optimum Fiber · Cable | 8,000 / 8,000 |
| Verizon Fiber · Fixed Wireless in parts of the area | 980 / 880 |
| AT&T Fixed Wireless | 100 / 20 |
| T-Mobile Fixed Wireless | 100 / 20 |
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