Morris County and Madison Borough property record for 55 Prospect St, Madison, NJ 07940
| Property Type | Single Family Home |
|---|---|
| Details | 1,481 sqft · built 1945 |
| Lot Size | 0.258 acres (11,252 sqft) |
| Owner | Individual Name on File |
| Tax Bill | $13,643 (2024) |
| Deeds & Mortgages | Jan 2019 Line of Credit Oct 2002 Line of Credit |
| APN | 17-03702-0000-00031 |
| Primary APN | 17-03702-0000-00031 |
|---|---|
| Alternative APNs |
|
| Stories | 2 Stories |
|---|---|
| Building Area | 1,481 sqft Living Area |
| Year Built | Built 1945 |
|---|---|
| Effective Year Built | Effective 1945 |
| Construction Type | Frame |
| Lot Area | 11,252 sqft (0.258 acres) |
| Lot Dimensions | 125 ft deep x 90 ft wide |
| Old Parcel Number | 17000750000000271 |
|---|---|
| Street Address | 55 PROSPECT ST |
| City | MADISON |
| State | NJ |
| Zip | 07940-2622 |
| Property Category | Residential |
| Property Type | Residential > Single Family > Home |
| Local Zoning Code | R-2 |
| Legal Block | 3702 |
| Legal Lot Number | 31 |
| Jurisdiction | MORRIS NJ |
| Township / Civil Division | MADISON |
| Census Block Group | 1 |
| Census Block | 1009 |
| Census Tract | 43100 |
55 Prospect St is owned and occupied by an individual.
Source: Morris County and Madison Borough records, as of July 9, 2026
| Owner of Record | Individual Name on File |
|---|---|
| Mailing Address | 55 PROSPECT ST, MADISON, NJ 07940-2622 |
| Occupancy | Owner Occupied |
| Owner Type | Individual |
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Date | Document |
|---|---|
| Jan 22, 2019 | Deed of Trust, Mortgage · Line of Credit PROPONENT FCU |
| Oct 30, 2002 | Deed of Trust, Mortgage · Line of Credit HLR FCU |
| Deed Names | Name on Deed |
|---|---|
| Record Updated | Sep 20, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | MORRIS NJ |
| Property Address | 55 PROSPECT ST, MADISON, NJ 07940-2622 |
| Transaction Type | Mortgage |
| Record Updated | Feb 5, 2021 |
| Name | Verified Name |
|---|
| Document Number | 0234820036 |
|---|---|
| Date | Jan 22, 2019 |
| Book Page | 23482/0036 |
| Instrument | 2019003591 |
| Name | PROPONENT FCU |
|---|---|
| Type | Credit Union |
| Address | NUTLEY, NJ 07110 |
| Type | Line of Credit |
|---|---|
| Amount | Amount on Record |
| Term | 360 Months |
| Due | Jan 21, 2049 |
| Rate Type | Adjustable Rate |
|---|---|
| Change Frequency | Monthly |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | MORRIS NJ |
| Property Address | 55 PROSPECT ST, MADISON, NJ 07940-2622 |
| Document Number | 0230581701 |
| Book / Page | 023058 / 001701 |
| Instrument Date | Oct 30, 2002 |
| Transaction Type | Mortgage |
| Record Updated | Jan 3, 2018 |
| Title Company | OTHER |
| Name | Verified Name |
|---|---|
| Address | 55 PROSPECT ST MADISON NJ 079402622, MADISON, NJ 07940-2622 |
| Document Number | 0230581701 |
|---|---|
| Date | Jan 10, 2017 |
| Book Page | 023058/001701 |
| Instrument | 1696 |
| Name | HLR FCU |
|---|---|
| Type | Credit Union |
| Address | NUTLEY, NJ 07110 |
| Type | Line of Credit |
|---|---|
| Amount | Amount on Record |
| Term | 180 Months |
| Due | Jan 9, 2032 |
| Rate Type | Adjustable Rate |
|---|
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 | $640,500 (-) Land $404,500 Building $236,000 | $640,500 (-) Land $404,500 Building $236,000 | |
| 2025 | $640,500 Land $404,500 Building $236,000 | $640,500 Land $404,500 Building $236,000 | |
| 2024 | $13,643.00 | ||
| 2023 | $640,500 Land $404,500 Building $236,000 | $640,500 Land $404,500 Building $236,000 | |
| 2022 | $13,155.00 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
FEMA has no flood map on file for 55 Prospect St; 2 flood insurance policies are in force nearby.
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 | 2 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.
Wildfire risk around 55 Prospect St is low, with a 0.01% annual chance of wildfire.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Low lower than 80% of the US · lower than 65% of New Jersey |
|---|---|
| Wildfire Likelihood | 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 321 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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