NOT LISTED FOR SALE

16 Prospect Terrace East Orange, NJ 07017

Estimated Value: $561,000 - $624,000

6 Beds
3.5 Baths
-- Sq Ft
4,238 Sq Ft Lot

Last Sold December 20, 2022

Last sale price $400,000

Est. 48% increase in value since last sale

Current estimated payment $4,145/month

44 Days on Market

About This Home

As of December 2022

3 family home located on quiet block in heart on developing East Orange, East unit has 2 generously sized bedrooms, livingroom, kitchen and bathroom. Home is fully occupied being sold strictly As Is, seller will not deliver vacant, tenants are in good standing.

Last Agent to Sell the Property

HELENA RABESS

HomeQuest Realty Group Listed on: 09/19/2022

HomeQuest Realty Group

Last Buyer's Agent

MARIANA CAINES

RE/MAX First Realty II

RE/MAX First Realty II

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,433

Lot Details

  • 4,238 Sq Ft Lot

Parking

  • 5 Car Garage

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms

Listing and Financial Details

  • Legal Lot and Block 00062 / 00551

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,433

Lot Details

0

Parking

5

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups
  • Co List Office Phone: 908-664-1500
  • MLS Status: Sold - Sold
  • Directions: Use GPS to 16 Prospect ter
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 6

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 5.0

Utilities

  • Utilities: See Remarks, Electricity Connected

Lot Info

  • Lot Size Sq Ft: 4238.0

Tax Info

  • Tax Annual Amount: 10433.0
  • Tax Block: 00551
  • Tax Lot: 00062

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2022
Closed on
Dec 20, 2022
Sold by
Ttrk Management Group Llc
Bought by
Miller Shane
Seller's Agent
HELENA RABESS
HomeQuest Realty Group
Buyer's Agent
MARIANA CAINES
RE/MAX First Realty II
List Price
$395,000
Sold Price
$400,000
Premium/Discount to List
$5,000
1.27%
Views
21
Current Estimated Value
$591,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,936
Avg. Annual Appreciation
15.84%
Original Mortgage
$300,000
Outstanding Balance
$290,856
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$299,753

Purchase Details

Closed on
Dec 30, 2016
Sold by
Ttrk Mangement Group Llc
Bought by
Ttrk Mangement Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2016
Sold by
Butler Ernest F
Bought by
Ttrk Mgmt

Purchase Details

Closed on
Sep 12, 2006
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Miller Shane $400,000 Land Title
Ttrk Mangement Group Llc -- None Available
Ttrk Mgmt $86,000 Guardian Title
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Shane $300,000
Previous Owner Ttrk Management Group Llc $240,000
Previous Owner Ttrk Managemnet Group Llc $194,600
Previous Owner Ttrk Mangement Group Llc $128,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2022 12/20/22 Sold $400,000 +1.3% --
11/02/2022 11/02/22 Pending -- -- --
09/19/2022 09/19/22 For Sale $395,000 -- --
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 $10,847 $342,400 $72,500 $269,900
2024 $10,847 $342,400 $72,500 $269,900
2022 $9,950 $342,400 $72,500 $269,900
2021 $10,434 $188,300 $44,300 $144,000
2020 $10,300 $188,300 $44,300 $144,000
2019 $10,168 $188,300 $44,300 $144,000
2018 $10,042 $188,300 $44,300 $144,000
2017 $9,761 $188,300 $44,300 $144,000
2016 $9,609 $188,300 $44,300 $144,000
2015 $9,374 $188,300 $44,300 $144,000
2014 $9,242 $188,300 $44,300 $144,000
Source: Public Records

Agents Affiliated with this Home

  • HELENA RABESS

    Seller's Agent in 2022

    HELENA RABESS

    HomeQuest Realty Group

    (973) 954-5663

    2 in this area

    23 Total Sales

    Section Image
  • MARIANA CAINES

    Buyer's Agent in 2022

    MARIANA CAINES

    RE/MAX

    5 in this area

    17 Total Sales

    Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 22034642

New Jersey MLS

APN: 05-00551-0000-00062

New Jersey Essex County East Orange 07017

16 Prospect Terrace, East Orange, NJ

This home is located at 16 Prospect Terrace, East Orange, NJ 07017 since 19 September 2022 and is currently estimated at $590,609. 16 Prospect Terrace is a home located in Essex County with nearby schools including J. Garfield Jackson Senior Academy Elementary School, Sojourner Truth Middle School, and John L Costley Middle 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.

© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.

Nearby Homes