$550,000
SOLD NOV 9, 2022

398 N 7th St Prospect Park, NJ 07508

-- Bed
-- Bath
-- Sq Ft
4,792 Sq Ft Lot

Recently Sold

13% Above List Price

13 Days on Market

About This Home

As of November 2022

This home is located at 398 N 7th St, Prospect Park, NJ 07508 and is currently priced at $550,000. This property was built in 1934. 398 N 7th St is a home located in Passaic County with nearby schools including Number 1, Prospect Park Elementary School, Manchester Reg High School, and Al-Hikmah Elementary School.

Last Agent to Sell the Property

Yesika Marcano

CASA REAL PROPERTY GROUP LLC Brokerage Phone: 973-684-1110 Listed on: 08/11/2022

Last Buyer's Agent

Angel Rosado

REALTY EMPIRE, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,331

Year Built

  • Built in 1934

Lot Details

  • 4,792 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,331

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Year Built: 1934
  • County Name: Passaic
  • Street Number Display: 398
  • I D: 5172448
  • Modified: 2023-11-10
  • Number Images: 0
  • Attribution Contact: 973-684-1110
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 50X75
  • Total Acres: 0.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Nov 2, 2022
Sold by
Dp Homebuildfjrs Llc
Bought by
Castillo Jamel A
Seller's Agent
Yesika Marcano
CASA REAL PROPERTY GROUP LLC
Buyer's Agent
Angel Rosado
REALTY EMPIRE, LLC
List Price
$485,000
Sold Price
$550,000
Premium/Discount to List
$65,000
13.4%
Current Estimated Value
$619,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,784
Avg. Annual Appreciation
4.49%
Original Mortgage
$540,038
Outstanding Balance
$525,887
Interest Rate
6.92%
Mortgage Type
FHA
Estimated Equity
$93,897

Purchase Details

Listed on
May 12, 2022
Closed on
Jun 23, 2022
Sold by
Stanley Pino James and Stanley June Alberta
Bought by
Dp Homebuilders Llc
Seller's Agent
Kirk De Boer
A.J. CALI REAL ESTATE
Buyer's Agent
EVON PETRUCHKOWICH
A.J. CALI REAL ESTATE
List Price
$299,999
Sold Price
$360,000
Premium/Discount to List
$60,001
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
205.05%
Original Mortgage
$358,965
Interest Rate
5.25%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $550,000 Sunnyside Title
Deed $360,000 Westcor Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $540,038 FHA
Previous Owner $358,965 New Conventional
Previous Owner $80,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2022 11/09/22 Sold $550,000 +13.4% --
08/31/2022 08/31/22 Pending -- -- --
08/17/2022 08/17/22 For Sale $485,000 +34.7% --
06/24/2022 06/24/22 Sold $360,000 +20.0% --
05/26/2022 05/26/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $299,999 -- --
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 $12,331 $223,300 $63,500 $159,800
2022 $10,871 $199,000 $63,500 $135,500
2021 $10,748 $199,000 $63,500 $135,500
2020 $10,408 $199,000 $63,500 $135,500
2019 $10,300 $199,000 $63,500 $135,500
2018 $10,199 $199,000 $63,500 $135,500
2017 $10,055 $199,000 $63,500 $135,500
2016 $9,924 $199,000 $63,500 $135,500
2015 $9,385 $199,000 $63,500 $135,500
2014 $8,840 $133,900 $45,000 $88,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3801726

Garden State MLS

APN: 10-00053-0000-00010