NOT LISTED FOR SALE

16 Prospect St Unit 3 Elizabeth, NJ 07201

Downtown Elizabeth Neighborhood

Estimated Value: $599,991 - $714,000

-- Bed
4 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold August 03, 2021

Last sale price $465,000

Est. 40% increase in value since last sale

Current estimated payment $4,430/month

52 Days on Market

About This Home

As of August 2021

This home is located at 16 Prospect St Unit 3, Elizabeth, NJ 07201 since 17 April 2021 and is currently estimated at $652,998. This property was built in 1890. 16 Prospect St Unit 3 is a home located in Union County with nearby schools including Elizabeth High School and JVJ STEM Academy - School No. 92.

Last Agent to Sell the Property

Lisa Grande

RE/MAX SELECT Brokerage Phone: 908-233-9292 Listed on: 04/17/2021

RE/MAX SELECT

Last Buyer's Agent

Lisa Grande

RE/MAX SELECT Brokerage Phone: 908-233-9292 Listed on: 04/17/2021

RE/MAX SELECT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,566

Year Built

  • 1890

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,566

Year Built

1890

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 16
  • I D: 5064104
  • Modified: 2022-08-04
  • Number Images: 0
  • Attribution Contact: 908-233-9292
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1890

Lot Info

  • Lot Size: 42X82
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2021
Closed on
Jul 30, 2021
Sold by
Flores Oscar R and Flores Ines
Bought by
Marte Miguel A Mejia
Seller's Agent
Lisa Grande
RE/MAX SELECT
Buyer's Agent
Lisa Grande
RE/MAX SELECT
List Price
$465,000
Sold Price
$465,000
Total Days on Market
52
Current Estimated Value
$652,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,998
Avg. Annual Appreciation
7.52%
Original Mortgage
$348,750
Outstanding Balance
$321,458
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$292,485

Purchase Details

Closed on
Jan 14, 1992
Bought by
Flores Oscar R and Flores Ines
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
Marte Miguel A Mejia $465,000 Providence Abstract Llc
Flores Oscar R $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marte Miguel A Mejia $348,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2021 08/03/21 Sold $465,000 0.0% --
06/08/2021 06/08/21 Pending -- -- --
04/17/2021 04/17/21 For Sale $465,000 -- --
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
2024 $11,566 $478,500 $182,200 $296,300
2023 $11,566 $36,800 $9,000 $27,800
2022 $11,253 $36,800 $9,000 $27,800
2021 $11,021 $36,800 $9,000 $27,800
2020 $10,772 $36,800 $9,000 $27,800
2019 $10,607 $36,800 $9,000 $27,800
2018 $10,504 $36,800 $9,000 $27,800
2017 $10,211 $36,800 $9,000 $27,800
2016 $10,212 $36,800 $9,000 $27,800
2015 $9,604 $36,800 $9,000 $27,800
2014 $9,316 $36,800 $9,000 $27,800
Source: Public Records

Agents Affiliated with this Home

  • Lisa Grande

    Seller's Agent in 2021

    Lisa Grande

    RE/MAX

    1 in this area

    26 Total Sales

    Lisa Grande
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Map

Source: Garden State MLS

MLS Number: 3705748

Garden State MLS

APN: 04-00009-0000-01000

New Jersey Union County Elizabeth 07201 Downtown Elizabeth

16 Prospect St Unit 3, Elizabeth, NJ

This home is located at 16 Prospect St Unit 3, Elizabeth, NJ 07201 since 17 April 2021 and is currently estimated at $652,998. This property was built in 1890. 16 Prospect St Unit 3 is a home located in Union County with nearby schools including Elizabeth High School and JVJ STEM Academy - School No. 92.

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