NOT LISTED FOR SALE

127 Prospect St Newark, NJ 07105

South Ironbound Neighborhood

Estimated Value: $768,131 - $843,000

6 Beds
4 Baths
-- Sq Ft
2,121 Sq Ft Lot

Last Sold January 09, 2023

Last sale price $660,000

Est. 22% increase in value since last sale

Current estimated payment $5,070/month

33 Days on Market

About This Home

As of January 2023

Three Family Town House Style Side by Side Home with ground level apartment. Located in the heart of the Ironbound, this home offers spacious rooms, plenty of closets, separate utilities, an attached garage with a driveway for one car. Close proximity to Newark Penn Station, house of worship, schools, fine dining, and shopping.

Last Agent to Sell the Property

Pilar Castro

The Agency Rutherford Realty Inc. Listed on: 09/17/2022

The Agency Rutherford Realty Inc.

Co-Listed By

Danielle Sette

The Agency Rutherford Realty Inc.

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,604

Lot Details

  • 2,121

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Laundry in unit
  • 2,121 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00017 / 00192

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,604

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Unit
  • Co List Office Phone: 201-939-7500
  • MLS Status: Sold - Sold
  • Directions: Lafayette St. to Prospect St.
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • PropertySubTypeAdditional: Sde/Sde
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 2121.0

Tax Info

  • Tax Annual Amount: 7604.0
  • Tax Block: 00192
  • Tax Lot: 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2024
Sold by
127 Prospect St Llc
Bought by
Benacio Thiago
Current Estimated Value
$805,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Outstanding Balance
$413,696
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$380,587

Purchase Details

Listed on
Sep 17, 2022
Closed on
Dec 21, 2022
Sold by
Martinez Olga
Bought by
127 Prospect St Llc
Seller's Agent
Pilar Castro
The Agency Rutherford Realty Inc.
Buyer's Agent
Outside Agent
Outside Office
List Price
$655,000
Sold Price
$660,000
Premium/Discount to List
$5,000
0.76%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.44%
Original Mortgage
$385,000
Interest Rate
6.49%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 4, 2008
Sold by
Martinez Olga and Martinez Sandra
Bought by
Martinez Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2007
Sold by
Martinez Olga
Bought by
Martinez Olga and Martinez Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
6.37%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Benacio Thiago -- Fidelity National Title
127 Prospect St Llc $660,000 Ats Title
Martinez Olga -- Acres Land Title Agcy Inc
Martinez Olga -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benacio Thiago $417,000
Previous Owner 127 Prospect St Llc $385,000
Previous Owner Martinez Olga $200,000
Previous Owner Martinez Olga $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2023 01/09/23 Sold $660,000 +0.8% --
10/20/2022 10/20/22 Pending -- -- --
09/17/2022 09/17/22 For Sale $655,000 -- --
Source: New Jersey 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 $7,460 $200,100 $66,000 $134,100
2024 $7,460 $200,100 $66,000 $134,100
2022 $7,476 $200,100 $66,000 $134,100
2021 $7,472 $200,100 $66,000 $134,100
2020 $7,604 $200,100 $66,000 $134,100
2019 $7,526 $200,100 $66,000 $134,100
2018 $7,390 $200,100 $66,000 $134,100
2017 $7,124 $200,100 $66,000 $134,100
2016 $6,883 $200,100 $66,000 $134,100
2015 $6,621 $200,100 $66,000 $134,100
2014 $6,205 $200,100 $66,000 $134,100
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Pilar Castro

    The Agency Rutherford Realty Inc.

    Section Image
  • Danielle Sette

    Seller Co-Listing Agent in 2023

    Danielle Sette

    The Agency Rutherford Realty Inc.

    (201) 841-0507

    1 in this area

    84 Total Sales

    Section Image

  • O

    Buyer's Agent in 2023

    Outside Agent

    Outside Office

See All Agents

Map

Source: New Jersey MLS

MLS Number: 22036086

New Jersey MLS

APN: 14-00192-0000-00017

New Jersey Essex County Newark 07105 South Ironbound

127 Prospect St, Newark, NJ

This home is located at 127 Prospect St, Newark, NJ 07105 since 17 September 2022 and is currently estimated at $794,283. 127 Prospect St is a home located in Essex County with nearby schools including Lafayette Street Elementary School, Oliver Street School, and Hawkins Street Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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