NOT LISTED FOR SALE

Prospect Towers 275 Prospect St Unit 1B East Orange, NJ 07017

Estimated Value: $93,000 - $157,000

1 Bed
1 Bath
798 Sq Ft
$649/mo HOA Fee

Last Sold March 11, 2021

Last sale price $44,500 $56 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $1,610/month

24 Days on Market

About This Home

As of March 2021

First-floor unit ready for renovation. The unit has been gutted and rehab to be completed by the buyer with township and condo board approval. Centrally located close to transportation and local shopping. Sold AS-IS. Owner-occupants only the first 20 days of the listing

Last Agent to Sell the Property

Manuel Couto

NENO-ROSA AGENCY Listed on: 01/27/2021

Last Buyer's Agent

Manuel Couto

NENO-ROSA AGENCY Listed on: 01/27/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,771

Year Built

  • Built in 1960

Lot Details

  • 436

HOA Fees

  • $649 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 798 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Standard Electricity

Community Details

  • Association fees include maintenance-common area, sewer fees, snow removal, trash collection, water fees
  • High-Rise Condominium

Listing and Financial Details

  • Assessor Parcel Number 1605-00642-0000-00004-0000-C002
  • Tax Block *

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,771

Year Built

Built in 1960

Lot Details

0

HOA Fees

$649 per month

Listing Details

  • Style: One Floor Unit, Hi-Rise
  • Primary Style: One Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1960
  • Year Built Description: Approximate
  • County Name: Essex
  • Exclusions: building owner, and investors first 20 days of listing.
  • Street Number Display: 275
  • Directions: Springdale Ave and Prospect
  • I D: 5045255
  • Modified: 2022-03-12
  • Number Images: 8
  • First Name: MANUEL
  • First Name3: MANUEL
  • Last Name: COUTO
  • Last Name3: COUTO
  • Office Phone: 201.997.7860x116
  • Office Phone3: 201.997.7860x116
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Number: 1
  • Number Rooms: 3
  • Bedrooms: 1
  • Bedroom 1 Level: First
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Dining Room Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Estimated Sq Ft: 798
  • Ground Level Rooms: 1 Bedroom, Kitchen, LivDinRm, SeeRem
  • Phone: 201-997-7860

Exterior Features

  • Exterior Description: Brick
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 1
  • Parking Driveway Description: Assigned, Off-Street Parking, Parking Lot-Shared

Utilities

  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Condo/Co-op/Association

  • Association Maintenance Fee: 649
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Sewer Fees, Snow Removal, Trash Collection, Water Fees

Lot Info

  • Lot Size: .005377
  • Assessed Improvement Value: 12800
  • Assessed Land Value: 20000
  • Assessment: 32800
  • Lot Identifier: 4
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.01

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 1771
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1605-00642-0000-00004-0000-C002
  • Assessor Parcel Number: *
  • Tax Rate Amount: 5.400
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2024
Sold by
Prospect Equities Llc
Bought by
Prospect Maazel Llc
Current Estimated Value
$126,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,400
Outstanding Balance
$1,029,749
Interest Rate
6.49%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$901,489

Purchase Details

Listed on
Jan 27, 2021
Closed on
Mar 2, 2021
Sold by
U S Bank Trust Na
Bought by
Prospect Equities Llc
Seller's Agent
Manuel Couto
NENO-ROSA AGENCY
Buyer's Agent
Manuel Couto
NENO-ROSA AGENCY
List Price
$44,500
Sold Price
$44,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.06%

Purchase Details

Closed on
Oct 10, 2006
Sold by
Mgmt Construction Concepts Llc
Bought by
Charlemagne Carlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,400
Interest Rate
6.48%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Prospect Maazel Llc -- None Listed On Document
Prospect Equities Llc $44,500 Coastal Title Agency
Charlemagne Carlene $118,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prospect Maazel Llc $1,040,400
Previous Owner Charlemagne Carlene $94,400
Previous Owner Management Construction Concept Llc $200,000
Previous Owner Management Construction Concepts L L C $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2021 03/11/21 Sold $44,500 0.0% $56 / Sq Ft
02/20/2021 02/20/21 Pending -- -- --
01/27/2021 01/27/21 For Sale $44,500 -- $56 / Sq Ft
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 $3,244 $102,400 $22,000 $80,400
2024 $3,244 $102,400 $22,000 $80,400
2022 $2,976 $102,400 $22,000 $80,400
2021 $1,817 $32,800 $20,000 $12,800
2020 $1,794 $32,800 $20,000 $12,800
2019 $1,771 $32,800 $20,000 $12,800
2018 $1,749 $32,800 $20,000 $12,800
2017 $3,401 $65,600 $20,000 $45,600
2016 $3,348 $65,600 $20,000 $45,600
2015 $3,266 $65,600 $20,000 $45,600
2014 $3,220 $65,600 $20,000 $45,600
Source: Public Records

Agents Affiliated with this Home

  • Manuel Couto

    Seller's Agent in 2021

    Manuel Couto

    NENO-ROSA AGENCY

    (908) 490-0534

    2 in this area

    71 Total Sales

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About Prospect Towers

Map

Source: Garden State MLS

MLS Number: 3689650

Garden State MLS

APN: 05-00642-0000-00004-0000-C002

New Jersey Essex County East Orange 07017

275 Prospect St Unit 1B, East Orange, NJ

This home is located at 275 Prospect St Unit 1B, East Orange, NJ 07017 since 27 January 2021 and is currently estimated at $128,260, approximately $160 per square foot. This property was built in 1960. 275 Prospect St Unit 1B is a home located in Essex County with nearby schools including Edward T. Bowser Sr Elementary School, Sojourner Truth Middle School, and John L Costley Middle School.

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