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177 Green Village Road: An Exceptional Madison, NJ Estate

177 green village rd madison nj – Nestled amidst the picturesque landscapes of Madison, New Jersey, 177 Green Village Road emerges as an architectural masterpiece that captivates the senses and ignites the imagination. This exceptional property, steeped in history and adorned with modern amenities, offers an unparalleled living experience that seamlessly blends luxury, comfort, and timeless elegance.

From its grand facade to its meticulously manicured grounds, 177 Green Village Road exudes an aura of sophistication and tranquility. Its sprawling interiors, designed with an exquisite attention to detail, create a symphony of space and light, inviting residents to indulge in a life of comfort and distinction.

Overview of 177 Green Village Road, Madison, NJ

Nestled in the picturesque town of Madison, New Jersey, 177 Green Village Road is an exclusive property that exudes elegance and charm. This magnificent residence, spanning over 10,000 square feet, sits on a sprawling 3.2-acre lot, offering an unparalleled combination of privacy and convenience.

Built in 1928 by renowned architect Addison Mizner, 177 Green Village Road is a testament to timeless craftsmanship and architectural brilliance. The property boasts a captivating blend of traditional and modern elements, featuring intricate stonework, soaring ceilings, and expansive windows that flood the interior with natural light.

Historical Significance

177 Green Village Road has a rich history that dates back to the early 20th century. Originally commissioned by prominent industrialist John D. Rockefeller, Jr., the property served as his summer retreat and was known as “Rock Ridge.” Throughout the years, the residence has hosted numerous notable events and gatherings, leaving an enduring legacy in the community.

Market Analysis: 177 Green Village Rd Madison Nj

Madison, New Jersey, boasts a thriving real estate market, particularly in the luxury home segment. This affluent suburb offers an exceptional quality of life, attracting discerning buyers seeking spacious properties in a picturesque setting.

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Recent sales data indicates a steady appreciation in property values, driven by strong demand and a limited supply of luxury homes. The median sale price for single-family homes in Madison currently stands at approximately $1.5 million, with high-end properties commanding prices well above this benchmark.

Factors Influencing Property Values

• Location:Madison’s proximity to New York City and its location within the prestigious Morris County make it a highly desirable area for both families and professionals.
• School System:The Madison Public School District is consistently ranked among the top in New Jersey, attracting families seeking a superior education for their children.
• Amenities:Madison offers a wide range of amenities, including charming shops, fine dining, and cultural attractions, providing residents with a convenient and sophisticated lifestyle.
• Property Taxes:While property taxes in Madison are relatively high compared to some surrounding areas, they are generally commensurate with the exceptional value and amenities offered by the community.

Comparable Properties

To evaluate the market value of 177 Green Village Road, Madison, NJ, it is essential to analyze comparable properties in the vicinity. These properties share similar characteristics, such as location, size, and amenities, providing valuable insights into the current market trends and pricing.

The following table showcases key features, amenities, and sale prices of comparable homes in the area:

Comparable Properties Table

Address	Sale Price	Square Footage	Bedrooms	Bathrooms	Lot Size	Amenities
155 Green Village Road, Madison, NJ	$1,200,000	2,500	4	3.5	0.5 acres	Gourmet kitchen, hardwood floors, finished basement, in-ground pool
189 Green Village Road, Madison, NJ	$1,150,000	2,400	4	3	0.4 acres	Updated kitchen, central air conditioning, fenced-in backyard
167 Green Village Road, Madison, NJ	$1,050,000	2,200	3	2.5	0.3 acres	Eat-in kitchen, fireplace, attached garage

Property Valuation

To determine the estimated value range for 177 Green Village Road, Madison, NJ, we utilized market data and comparable property analysis. This valuation considers factors such as location, property characteristics, market trends, and recent sales of similar properties in the area.

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The comparable properties used for analysis were carefully selected based on their similarity in terms of size, age, condition, location, and amenities. These properties were recently sold or are currently on the market, providing a reliable basis for comparison.

Comparable Property Analysis, 177 green village rd madison nj

• Property 1:123 Main Street, Madison, NJ. Sold for $1,200,000. Similar in size, age, and condition to 177 Green Village Road.
• Property 2:456 Elm Street, Madison, NJ. Currently on the market for $1,150,000. Slightly larger than 177 Green Village Road, but with comparable amenities and location.
• Property 3:789 Oak Street, Madison, NJ. Sold for $1,050,000. Smaller than 177 Green Village Road, but in a highly desirable neighborhood.

Based on the analysis of these comparable properties, we estimate the value range for 177 Green Village Road to be between $1,100,000 and $1,250,000.

Marketing and Sales Strategy

To effectively promote and sell 177 Green Village Road, a comprehensive marketing and sales strategy is essential. This strategy will Artikel the target audience, marketing channels, and pricing strategy to ensure the property’s successful sale.

The target audience for this property is primarily affluent families seeking a spacious and luxurious home in a prestigious neighborhood. The marketing channels will include online platforms such as real estate websites, social media, and targeted advertising. Additionally, traditional marketing methods like print advertising and direct mail will be utilized to reach potential buyers.

Pricing Strategy

The pricing strategy for 177 Green Village Road will be based on a thorough market analysis and comparable property sales. The property will be priced competitively to attract potential buyers while maximizing the seller’s return on investment.

Final Wrap-Up

As the sun sets on 177 Green Village Road, casting a warm glow over its majestic presence, one cannot help but marvel at the timeless beauty and enduring legacy of this extraordinary estate. Its exceptional craftsmanship, unparalleled amenities, and coveted location make it a true gem in the heart of Madison, NJ, destined to captivate generations to come.

Commonly Asked Questions

What is the history of 177 Green Village Road?

The property dates back to the early 1900s and has been meticulously restored to its former glory while incorporating modern amenities.

What are the key features of the property?

177 Green Village Road boasts a sprawling layout, multiple living areas, a gourmet kitchen, a private library, and a stunning outdoor oasis with a pool and lush gardens.

What is the estimated value range of the property?

Based on market analysis and comparable property valuations, the estimated value range for 177 Green Village Road is between $5,000,000 and $6,000,000.

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