7 Independence Ct, Madison, NJ 07940 Property Records

Morris County and Madison Borough property record for 7 Independence Ct, Madison, NJ 07940

Property Summary

Property Type	Single Family Home
Details	4,358 sqft · built 1990
Lot Size	0.404 acres (17,598 sqft)
Owner	2 Individual Names on Record
Last Sale	$1,800,000 (Jul 2022)
Tax Bill	$31,324 (2024)
Deeds & Mortgages	Oct 2025 Line of Credit Jul 2022 Sale & Mortgage + 1 more
APN	`17-04805-0000-00009`

Property Details

APN / Parcel Number

Primary APN	`17-04805-0000-00009`
Alternative APN	`170480500009`

Interior

Stories	2 Stories
Building Area	4,358 sqft Living Area

Exterior

Year Built	Built 1990
Effective Year Built	Effective 1990
Architectural Style	Colonial
Construction Type	Frame
Lot Area	17,598 sqft (0.404 acres)
Garage Type	Attached

Location & Zoning

Street Address	7 INDEPENDENCE CT
City	MADISON
State	NJ
Zip	07940-2366
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	R-2
Legal Subdivision	HILL/MADISON SEC 02
Legal Block	4805
Legal Lot Number	9
Jurisdiction	MORRIS NJ
Township / Civil Division	MADISON
Census Block Group	3
Census Block	3010
Census Tract	43100

Owner

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	7 INDEPENDENCE CT, MADISON, NJ 07940-2366
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Oct 22, 2025	Deed of Trust, Mortgage · Line of Credit CITIZENS BANK NA
Jul 11, 2022	Bargain and Sale Deed, Transfer · Conventional Mortgage CITIZENS BANK NA
Mar 19, 2018	Deed of Trust, Mortgage · ARM FINANCE OF AMERICA MORTGAGE LLC

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Jul 11, 2022 · Amount on Record
Deed Sale	Jul 11, 2022 · Amount on Record
Prior Sale	Feb 9, 2011 · Amount on Record
Deed Document Number	202247152
Deed Book / Page	24448 / 484
Record Updated	Sep 20, 2026

October 2025: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MORRIS NJ
Property Address	7 INDEPENDENCE CT, MADISON, NJ 07940-2366
Transaction Type	Mortgage
Record Updated	Nov 5, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	7 INDEPENDENCE CT, MADISON, NJ 07940-2366

Mortgage

Document Number	0249991660
Date	Oct 22, 2025
Book Page	24999/1660
Instrument	2025043722

Lender

Name	CITIZENS BANK NA
Type	Bank
Address	PROVIDENCE, RI 02903

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	300 Months
Due	Oct 13, 2050

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

July 2022: Bargain and Sale Deed, Transfer

Document Type	Bargain and Sale Deed
Jurisdiction	MORRIS NJ
Recording Date	Jul 11, 2022
Property Address	7 INDEPENDENCE CT, MADISON, NJ 07940-2366
Document Number	0244480484
Book / Page	24448 / 484
Instrument Date	May 25, 2022
Instrument	2022047152
Transaction Type	Transfer
Record Updated	Jul 25, 2022
Title Company	FOUNDATION TITLE LLC

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$37,255.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	406 WASHINGTON AVE, 406, WEST WYOMING, PA 18644-1323

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	7 INDEPENDENCE CT, MADISON, NJ 07940-2366

Mortgage

Document Number	2022047153
Date	Jul 11, 2022
Instrument	2022047153

Lender

Name	CITIZENS BANK NA
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Jul 1, 2052

Mortgage

Document Number	0244480506
Date	Jul 11, 2022
Book Page	24448/506
Instrument	2022047154

Lender

Name	CITIZENS BANK NA
Type	Bank
Address	PROVIDENCE, RI 02903

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	299 Months
Due	Jun 4, 2047

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

March 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MORRIS NJ
Property Address	7 INDEPENDENCE CT, MADISON, NJ 07940-2366
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0233121102
Date	Mar 19, 2018
Book Page	23312/1102
Instrument	2018015053

Lender

Name	FINANCE OF AMERICA MORTGAGE LLC
Type	Mortgage Company
Address	HORSHAM, PA 19044

Agreement

Type	ARM
Amount	Amount Recorded
Term	361 Months
Due	Apr 1, 2048

Interest

Rate Type	Adjustable Rate
Rate	3.62%
Type Change Date	Apr 1, 2024
Change Frequency	Annually
Min Rate At Change	2.25%
Max Rate At Change	5.62%
Index	1-Year LIBOR
Max Rate	8.62%

Tax Assessment & Valuation

Source: Morris County and Madison Borough assessment roll, as of July 9, 2026

Property Jurisdictions

Type	Name
State	New Jersey
County	Morris County
Municipality	Madison Borough
Unified School District	Madison Borough School District (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$1,470,600 (-) Land $579,600 Building $891,000	$1,470,600 (-) Land $579,600 Building $891,000
2025		$1,470,600 (-) Land $579,600 Building $891,000	$1,470,600 (-) Land $579,600 Building $891,000
2024	$31,324.00 (+3.7%)
2023		$1,470,600 Land $579,600 Building $891,000	$1,470,600 Land $579,600 Building $891,000
2022	$30,206.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

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	3 in force
Nearby Flood Claims	1 (2024)
Claims Outside the SFHA	1 of 1
Most Recent Claim	Aug 2024 · rainfall accumulation

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

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 94% of the US · lower than 85% of New Jersey
Wildfire Likelihood	Under 0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

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

Violations Reported to EPA

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.

Internet Providers

Source: FCC Broadband Data Collection, based on 248 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
T-Mobile Fixed Wireless	100 / 20
AT&T Fixed Wireless	100 / 20

May also be available: Xfinity.

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