$700,000
SOLD SEP 5, 2025

120 Prospect Ave Edison, NJ 08817

Edison Area
-- Beds
-- Baths
2,162 Sq Ft
10,001 Sq Ft Lot

Sale Details

Date Sold: September 5, 2025

$324 Per Sq Ft

13% Above List Price

7 Days on Market

Highlights

  • Property is near public transit
  • Private Yard
  • Fenced
  • Washington Elementary School Rated A-
  • Patio
  • Hot Water Baseboard Heater

About This Home

As of September 2025

Welcome Home to this charming two-family home, ideally located a stroll away from Edison Train station and situated on a double lot! This home offers ample space both inside and out. The 1st floor unit boasts 3 bedrooms with 1.5 baths, a large kitchen and separate eating area and is complete with an unfinished basement, perfect for storage or expansion. The 2nd floor includes 2 cozy bedrooms and a full bath. This well-maintained multi-family home is perfect for investors, multi-generational living, or an owner-occupied home that benefits from rental income.

Last Agent to Sell the Property

Marc Rizzo

RE/MAX WELCOME HOME Listed on: 06/11/2025

RE/MAX WELCOME HOME

Co-Listed By

Michelle Rizzo

RE/MAX WELCOME HOME

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,196

Year Built

  • Built in 1952

Lot Details

  • 10,001 Sq Ft Lot
  • Lot Dimensions are 100.00 x 100.00
  • Fenced
  • Private Yard

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,162 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom
  • Laundry in Basement

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Baseboard Heater
  • Gas Water Heater

Additional Features

  • Patio
  • Property is near public transit

Listing and Financial Details

  • The owner pays for unit 1 owner pays(electric water gas), unit 2 owner pays(electric)

Community Details

Overview

  • Kilmer Place Sec B Subdivision

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,196

Year Built

Built in 1952

Lot Details

10,001 Sq Ft Lot

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2296
  • Lot Size: 100.00 x 100.00
  • Co List Office Mls Id: REWH01
  • Ownership: Fee Simple
  • Subdivision Name: Kilmer Place Sec B
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1952
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Dryer,Range/Oven,Refrigerator,Washer), Unit 2(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(Electric,Water,Gas), Unit 2 Owner Pays(Electric)
  • Has Basement: Full, Bath Half, Laundry Facilities
  • Basement YN: No
  • Interior Amenities: Unit 1(Dining Room,3 Bedrooms,Kitchen,Laundry Hookup,Living Room,1 1/2 Baths), Unit 2(2 Bedrooms,Kitchen,1 Bath,Living Room)
  • Living Area: 2162
  • Stories: 2

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Near Train, Near Public Transit
  • Exterior Features: Patio, Curbs, Fencing/Wall, Yard
  • Patio And Porch Features: Patio
  • Roof: Asphalt

Garage/Parking

  • Parking Features: 1-2 Car Parking

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Wall Unit(s)
  • Heating: Baseboard Hotwater
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 10001
  • Zoning: GBRB

Tax Info

  • Tax Annual Amount: 10196
  • Tax Year: 2023

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2025
Closed on
Aug 14, 2025
Sold by
Ghilino Denise
Bought by
Seller's Agent
Marc Rizzo
RE/MAX WELCOME HOME
List Price
$619,000
Sold Price
$700,000
Premium/Discount to List
$81,000
13.09%
Views
111
Current Estimated Value
$687,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,000
Avg. Annual Appreciation
3.03%
Original Mortgage
$560,000
Outstanding Balance
$555,026
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$165,974
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Edison, NJ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $700,000 Elite Title Group
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $560,000 New Conventional
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/05/2025 09/05/25 Sold $700,000 +13.1% $324 / Sq Ft
06/11/2025 06/11/25 For Sale $619,000 -- $286 / Sq Ft
Source: All Jersey MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,248 $172,800 $95,000 $77,800
2025 $10,251 $172,200 $95,000 $77,200
2024 $10,196 $172,200 $95,000 $77,200
2023 $10,196 $172,200 $95,000 $77,200
2022 $10,165 $172,200 $95,000 $77,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2515228R

All Jersey MLS

APN: 05-00161-02-00038-01

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