NOT LISTED FOR SALE

109 Mount Prospect Ave Newark, NJ 07104

Seventh Avenue Neighborhood

Estimated Value: $391,187 - $582,000

-- Bed
3 Baths
-- Sq Ft
1,307 Sq Ft Lot

Last Sold October 30, 2022

Last sale price $340,000

Est. 38% increase in value since last sale

Current estimated payment $3,009/month

80 Days on Market

About This Home

As of October 2022

This home is located at 109 Mount Prospect Ave, Newark, NJ 07104 since 14 May 2022 and is currently estimated at $470,047. 109 Mount Prospect Ave is a home located in Essex County with nearby schools including Franklin School, Dr. William H. Horton Elementary School, and Rafael Hernandez School.

Last Agent to Sell the Property

HAZEL MOORE

MOORE REAL ESTATE LLC Brokerage Phone: 973-669-2600 Listed on: 05/14/2022

Last Buyer's Agent

KARINA A. GIL

RE/MAX LIFETIME REALTORS

RE/MAX LIFETIME REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,368

Lot Details

  • 1,307 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,368

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 109
  • I D: 5150794
  • Modified: 2023-10-31
  • Number Images: 1
  • Attribution Contact: 973-669-2600
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 22.75 X 65
  • Total Acres: 0.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2022
Closed on
Oct 14, 2022
Sold by
Love Key-Tora
Bought by
Gallardo Samuel J
Seller's Agent
HAZEL MOORE
MOORE REAL ESTATE LLC
Buyer's Agent
KARINA A. GIL
RE/MAX LIFETIME REALTORS
List Price
$300,000
Sold Price
$340,000
Premium/Discount to List
$40,000
13.33%
Current Estimated Value
$470,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,047
Avg. Annual Appreciation
12.26%
Original Mortgage
$333,841
Outstanding Balance
$321,991
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$148,056

Purchase Details

Closed on
Jan 6, 2012
Sold by
Eminent Properties Llc
Bought by
Love Key Tora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,409
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 25, 2011
Sold by
New Jersey Housing & Mortgage Finance Ag
Bought by
Eminent Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 21, 2011
Sold by
Fisher Jerry
Bought by
New Jersey Housing & Mortgage Finance Ag

Purchase Details

Closed on
Oct 18, 2001
Sold by
Don Pedro Housing Corp
Bought by
Fisher Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,217
Interest Rate
6.86%
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gallardo Samuel J $340,000 Stewart Title
Love Key Tora $260,000 Chicago Title Insurance Co
Eminent Properties Llc $135,000 1St Rate Title & Settlement
New Jersey Housing & Mortgage Finance Ag -- None Available
Fisher Jerry $141,217 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallardo Samuel J $333,841
Previous Owner Love Key Tora $253,409
Previous Owner Eminent Properties Llc $100,000
Previous Owner Fisher Jerry $50,000
Previous Owner Fisher Jerry $26,779
Previous Owner Fisher Jerry $141,217
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2022 10/30/22 Sold $340,000 +13.3% --
08/10/2022 08/10/22 Pending -- -- --
07/26/2022 07/26/22 For Sale $300,000 0.0% --
06/13/2022 06/13/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $300,000 0.0% --
05/25/2022 05/25/22 Pending -- -- --
05/21/2022 05/21/22 For Sale $300,000 -- --
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,368 $144,000 $21,400 $122,600
2024 $5,368 $144,000 $21,400 $122,600
2022 $5,380 $144,000 $21,400 $122,600
2021 $5,377 $144,000 $21,400 $122,600
2020 $5,472 $144,000 $21,400 $122,600
2019 $5,416 $144,000 $21,400 $122,600
2018 $5,318 $144,000 $21,400 $122,600
2017 $5,126 $144,000 $21,400 $122,600
2016 $4,954 $144,000 $21,400 $122,600
2015 $4,765 $144,000 $21,400 $122,600
2014 $4,465 $144,000 $21,400 $122,600
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2022

    HAZEL MOORE

    MOORE REAL ESTATE LLC

  • KARINA A. GIL

    Buyer's Agent in 2022

    KARINA A. GIL

    RE/MAX

    1 in this area

    9 Total Sales

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Map

Source: Garden State MLS

MLS Number: 3782236

Garden State MLS

APN: 14-00490-0000-00014-08

New Jersey Essex County Newark 07104 Seventh Avenue

109 Mount Prospect Ave, Newark, NJ

This home is located at 109 Mount Prospect Ave, Newark, NJ 07104 since 14 May 2022 and is currently estimated at $470,047. 109 Mount Prospect Ave is a home located in Essex County with nearby schools including Franklin School, Dr. William H. Horton Elementary School, and Rafael Hernandez School.

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