$235,000
SOLD JUL 12, 2016

40 Prospect St Unit 1A Elizabeth, NJ 07201

Downtown Elizabeth Neighborhood
-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Recently Sold

53% Below List Price

42 Days on Market

About This Home

As of January 2019

This home is located at 40 Prospect St Unit 1A, Elizabeth, NJ 07201 and is currently priced at $235,000. This property was built in 2006. 40 Prospect St Unit 1A 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

RAFAEL FAJARDO

FAJARDO REALTY GROUP Listed on: 12/02/2015

Last Buyer's Agent

HENRY PAREJA

FAJARDO REALTY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,671

Year Built

  • Built in 2006

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,671

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Year Built: 2006
  • County Name: Union
  • Street Number Display: 40
  • I D: 4585457
  • Modified: 2017-07-13
  • Number Images: 0
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 24X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2018
Closed on
Jan 17, 2019
Sold by
Kulick Melissa
Bought by
Garcia Rosa D and Jumelles-Garcia Katherine B
Seller's Agent
RAFAEL FAJARDO
FAJARDO REALTY GROUP
Buyer's Agent
RAFAEL FAJARDO
FAJARDO REALTY GROUP
List Price
$425,000
Sold Price
$418,000
Premium/Discount to List
-$7,000
-1.65%
Current Estimated Value
$789,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$371,486
Avg. Annual Appreciation
10.02%
Original Mortgage
$410,428
Outstanding Balance
$365,231
Interest Rate
5.12%
Mortgage Type
FHA
Estimated Equity
$424,255

Purchase Details

Listed on
Dec 2, 2015
Closed on
Jul 15, 2016
Sold by
Suarez Felix
Bought by
Kulick Melissa
Seller's Agent
RAFAEL FAJARDO
FAJARDO REALTY GROUP
Buyer's Agent
HENRY PAREJA
FAJARDO REALTY GROUP
List Price
$500,000
Sold Price
$235,000
Premium/Discount to List
-$265,000
-53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.68%

Purchase Details

Closed on
Mar 30, 2006
Sold by
Heredia Ivan
Bought by
Suarez Felix

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,500
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2001
Sold by
Okunonke Ije
Bought by
Florez Orlando and Florez Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.08%

Purchase Details

Closed on
May 4, 1999
Sold by
Lewars Royston A
Bought by
Hud

Purchase Details

Closed on
Nov 30, 1998
Sold by
Lewars Royston and Lewars Sonia
Bought by
Lewars Royston
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 Type Sale Price Title Company
Deed $418,000 Advanced Title & Abstract Ll
Deed $235,000 --
Deed $510,000 --
Bargain Sale Deed $120,000 --
Sheriffs Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $410,428 FHA
Previous Owner $210,000 Commercial
Previous Owner $464,000 New Conventional
Previous Owner $58,000 Credit Line Revolving
Previous Owner $484,500 New Conventional
Previous Owner $151,900 Adjustable Rate Mortgage/ARM
Previous Owner $18,900 New Conventional
Previous Owner $112,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2019 01/17/19 Sold $418,000 -1.6% --
12/26/2018 12/26/18 Pending -- -- --
12/13/2018 12/13/18 For Sale $425,000 +80.9% --
07/12/2016 07/12/16 Sold $235,000 -53.0% --
01/13/2016 01/13/16 Pending -- -- --
12/02/2015 12/02/15 For Sale $500,000 -- --
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
2025 $11,671 $606,600 $171,000 $435,600
2024 $15,684 $606,600 $171,000 $435,600
2023 $15,684 $49,900 $10,600 $39,300
2022 $15,259 $49,900 $10,600 $39,300
2021 $14,944 $49,900 $10,600 $39,300
2020 $14,606 $49,900 $10,600 $39,300
2019 $14,383 $49,900 $10,600 $39,300
2018 $14,243 $49,900 $10,600 $39,300
2017 $15,899 $57,300 $10,600 $46,700
2016 $15,900 $57,300 $10,600 $46,700
2015 $14,955 $57,300 $10,600 $46,700
2014 $14,506 $57,300 $10,600 $46,700
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    RAFAEL FAJARDO

    FAJARDO REALTY GROUP

  • H

    Buyer's Agent in 2016

    HENRY PAREJA

    FAJARDO REALTY GROUP

See All Agents

Map

Source: Garden State MLS

MLS Number: 3269431

Garden State MLS

APN: 04-00009-0000-01012

New Jersey Union County Elizabeth 07201 Downtown Elizabeth

40 Prospect St Unit 1A, Elizabeth, NJ

This home is located at 40 Prospect St Unit 1A, Elizabeth, NJ 07201 and is currently priced at $235,000. This property was built in 2006. 40 Prospect St Unit 1A 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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