Foreclosure for Sale on Central Ave, Madison, NJ 07940

Foreclosures โ€บ New Jersey โ€บ Morris โ€บ Madison โ€บ Central Ave
Pre-foreclosure property at Central Ave, Madison, NJ 07940. 1,470 sq ft Morris County foreclosure listing.
Pre-foreclosure Active 70 days on market
Central Ave, Madison, NJ 07940
Price TBD
Morris County ยท New Jersey
1,470
Sq ft
1920
Year built
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Property details
Listing type Preforeclosure
Property type SingleFamily
Living area 1,470 sq ft
Year built 1920
County Morris County
State New Jersey
ZIP 07940
Days on Market 70 days
Listing ID 64197882
About this property

This home in Madison, NJ is in preforeclosure, which means the homeowner is in default (missed payments). Therefore, there could be an opportunity to strike a great deal with the owner and the bank.

๐Ÿ“Š Morris County Market ยท Updated daily
Active Listings
962
Avg. Est. Value
$581,800
Bank-Owned (REO)
24
Pre-Foreclosures
938

13 active foreclosure listings in Madison, NJ.

Browse all Morris County foreclosures โ†’
โ“ Frequently Asked Questions
This is a pre-foreclosure property. The homeowner is behind on mortgage payments but the property has not yet been auctioned. Buyers can negotiate directly with the owner, arrange financing, and conduct a full inspection โ€” often at a price below market value.
Click "View full listing & bid" above to access complete auction details, contact information, and bidding tools through our foreclosure.com partner. You can also work with a licensed real estate attorney or broker familiar with Morris County foreclosures for additional guidance on the purchase process.
There are currently 13 active foreclosure listings in Madison, NJ. Land.net updates foreclosure data daily across all 50 states.
Before buying any foreclosure, research: (1) title history and any liens that may survive the sale, (2) property condition โ€” most foreclosures sell as-is with no repairs, (3) delinquent property taxes which are a senior lien, (4) HOA fees and any delinquent assessments, (5) flood zone status using FEMA maps, and (6) occupancy status โ€” eviction may be required if the property is occupied.
๐ŸŒŠ Flood Zone ยท FEMA NFHL

Check the official FEMA flood map for this property's flood zone designation and risk level.

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๐Ÿฆ Mortgage estimate
Est. monthly payment (P&I + tax + insurance)
โ€”
๐Ÿ“ Location Map ยท Madison, NJ Open in Google Maps โ†’
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๐Ÿ˜๏ธ Neighborhood Profile ยท ZIP 07940 ยท U.S. Census ACS
Population
17,798
Median Age
34.5 yrs
Households
5,541
Median Household Income
$163,643
Median Home Value
$845,500
Median Rent
$2,168/mo
Owner-Occupied
64% of homes
Vacancy Rate
4% of units
Unemployment Rate
6.8%

~39% of residents hold a bachelor’s degree or higher.

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2022)
๐Ÿซ Schools ยท NCES 2024โ€“25
Schools in ZIP 07940
๐Ÿซ Elementary
Central Avenue School
Grades Pre-Kโ€“5ยทMADISON ZIP 07940
Kings Road School
Grades Kโ€“5ยทMADISON ZIP 07940
๐Ÿซ Middle
Madison Junior School
Grades 6โ€“8ยทMADISON ZIP 07940
๐ŸŽ“ High
Madison High School
Grades 9โ€“12ยทMADISON ZIP 07940

Source: NCES CCD 2024โ€“25 ยท nces.ed.gov

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๐Ÿ“ Nearby Foreclosures
Samson Ave
Madison, NJ 07940
2,896 sqft ยท Preforeclosure
Samson Ave
Madison, NJ 07940
2,860 sqft ยท Preforeclosure
Twombly Ln
Madison, NJ 07940
4,426 sqft ยท Preforeclosure
Twombly Ln
Madison, NJ 07940
4,426 sqft ยท Preforeclosure
Anthony Dr
Madison, NJ 07940
1,696 sqft ยท Preforeclosure
View all in ZIP 07940 โ†’
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