Date
Details
Price
Change
Source
2/20/2026
Listed
$2,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,350,000 Coming Soon
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Property Description
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.
Full Property Details
Full Property Details for 7 Colonial Way
General
- Price: $2,350,000
- Taxes: $30,269 (2024)
- Status: Coming Soon
- Type: Single Family
- Source: Garden_State
- MLS ID: 4010808
- Updated: 2/20/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 13
- 2nd Floor/Level 2: 4 Or More Bedrooms, Attic, Bath Main, Bath(s) Other
- 1st Floor/Level 1: Dining Room, Family Room, Foyer, Kitchen, Laundry Room, Living Room, MudRoom, Office, Pantry, Powder Room
- Lower Level: Media Room, Rec Room
- Interior Features: Wet Bar, Blinds, Carbon Monoxide Detector, Shades, Smoke Detector, SoakTub, Stall Shower, Stall Shower and Tub, Tub Shower, Walk-In Closet
- Number of Fireplaces: 1
- Fireplace(s): Family Room, Wood-Burning
- Appliances: Carbon Monoxide Detector, Cooktop - Gas, Dishwasher, Dryer, Microwave, Gas Range and Oven, Refrigerator, Self-Cleaning Oven, Wall Oven(s) - Gas, Washer, Water Softener (Owned), Wine Refrigerator
- Flooring: Carpeting, Stone, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
- Primary Bedroom: Full Bath, Walk-In Closet
- Bedroom 1: Second
- Bedroom 2: Second
- Bedroom 3: Second
- Bedroom 4: Second
Other Rooms
- Living Room: 20 x 15, First
- Family Room: 28 x 19, First
- Kitchen: Breakfast Bar, Center Island, Eat-In Kitchen, First
- Dining Room: Formal Dining Room, 17 x 13, First
- Bedroom: Second
- Foyer: 17 x 11, First
- Laundry Room: First
- MudRoom: First
Exterior
- Exterior Features: Patio, Storm Door(s), Underground Lawn Sprinkler
Parking
- Garage: Yes
- Garage Spaces: 2
- Garage Description: Attached Garage, Oversize Garage
Location
- County: Morris
- Subdivision: Hill
- Driving Directions: Woodland to Garfield to right on Colonial Way
School Information
- Elementary School: Torey J.
- Middle School: Madison Jr
- High School: Madison
Heating & Cooling
- Cooling Type: 2 Units, Central Air Conditioning, Multi-Zone Cooling
- Heating Type: 2 Units, Forced Hot Air, Multi-Zone, Radiant - Electric
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: All Underground, Cable TV Available, Garbage Included
Structural Information
- Architectural Style: Colonial
- Basement: Yes
- Basement Desc.: Finished, Full
- Roof: Asphalt Shingles
- Year Built: 1972
- Remodeled/Updated: 2019
Lot Features
- Lot Size (Acres): 0.69
- Lot Size: 125 x 240
- Driveway/Sidewalk: 1 Car Width, 2 Car Width, Blacktop
- Lot Description: Cul-De-Sac, Level Lot
Financial Considerations
- Assessment Amount: $1,421,100
- Land Assmt: $764,800
- Tax Amount: $30,269
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Disclosures: Yes
- APN: 2317-04402-0000-00018-0000-
- Block: 4402
- Lot Number: 18
Listed by Turpin Real Estate, Inc.
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 7 Colonial Way —
Turpin Real Estate, Inc.
973-464-8159
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 7 Colonial Way
Tax History
Tax History for 7 Colonial Way
Year
Property Taxes
Change
Tax Assessment
Change
2024
$30,269
4%
$1,421,100
—
2022
$29,189
1%
$1,421,100
—
2021
$28,791
1%
$1,421,100
—
2020
$28,493
2%
$1,421,100
—
2019
$28,038
3%
$1,421,100
3%
2019
$27,227
—
$1,380,000
-3%
2018
$27,339
1%
$1,421,700
—
2017
$27,126
2%
$1,421,700
—
2016
$26,657
2%
$1,421,700
—
2015
$26,159
6%
$1,421,700
1%
2013
$24,568
—
$1,400,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7 Colonial Way
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7 Colonial Way, Madison, NJ 07940 (MLS# 4010808) is a Single Family property with 5 bedrooms, 3 full bathrooms and 1 partial bathroom. 7 Colonial Way is currently listed for $2,350,000 and was received on February 20, 2026. Want to learn more about 7 Colonial Way? Do you have questions about finding other Single Family real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.