$700,000
SOLD JUL 15, 2022

5 Prospect St Peapack, NJ 07977

3 Beds
3 Baths
1,669 Sq Ft
0.45 Acres

Recently Sold

$419 Per Sq Ft

20 Days on Market

About This Home

As of July 2022

This home is located at 5 Prospect St, Peapack, NJ 07977 and is currently priced at $700,000, approximately $419 per square foot. This property was built in 1915. 5 Prospect St is a home located in Somerset County with nearby schools including Bedwell Elementary School, Bernardsville Middle School, and Bernards High School.

Last Agent to Sell the Property

Molly Tonero

TURPIN REAL ESTATE, INC. Brokerage Phone: 908-766-6500 Listed on: 03/02/2022

Last Buyer's Agent

PATSY SODEN

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,299

Year Built

  • Built in 1915

Lot Details

  • 0.45 Acre Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,299

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Year Built: 1915
  • County Name: Somerset
  • Street Number Display: 5
  • I D: 5131375
  • Modified: 2025-07-21
  • Number Images: 1
  • Attribution Contact: 908-766-6500
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.10

Lot Info

  • Lot Size: .45
  • Total Acres: 0.45

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
Jun 30, 2022
Sold by
Joanne Love
Bought by
Matthijssen Judith
Seller's Agent
Molly Tonero
TURPIN REAL ESTATE, INC.
Buyer's Agent
PATSY SODEN
COLDWELL BANKER REALTY
List Price
$700,000
Sold Price
$700,000
Current Estimated Value
$860,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,569
Avg. Annual Appreciation
6.75%
Original Mortgage
$560,000
Outstanding Balance
$533,417
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$327,152

Purchase Details

Closed on
Aug 7, 2019
Sold by
Saunders M Kerby and Saunders Alice R
Bought by
Love Joanne

Purchase Details

Listed on
Oct 31, 2013
Closed on
Oct 30, 2013
Sold by
Damratoski Thomas G and Gulbis Daina T
Bought by
Saunders M Kerby and Saunders Alice R
Seller's Agent
Michele Hill
TURPIN REAL ESTATE, INC.
Buyer's Agent
Gerry-Jo Cranmer
TURPIN REAL ESTATE, INC.
Sold Price
$545,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.92%
Original Mortgage
$417,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 18, 2005
Sold by
Pursell Sandra King
Bought by
Damratoski Thomas G and Gulbis Daina T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
6.07%
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 $700,000 Urbanowicz-Mulcahy Lynne J
Deed $700,000 Urbanowicz-Mulcahy Lynne J
Deed $590,000 Chicago Title Insurance Co
Deed $545,000 Multiple
Deed $492,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $560,000 New Conventional
Closed $560,000 New Conventional
Previous Owner $412,000 Adjustable Rate Mortgage/ARM
Previous Owner $417,000 Adjustable Rate Mortgage/ARM
Previous Owner $375,200 New Conventional
Previous Owner $65,200 Credit Line Revolving
Previous Owner $330,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Sold $700,000 0.0% $419 / Sq Ft
04/02/2022 04/02/22 Pending -- -- --
03/12/2022 03/12/22 For Sale $700,000 +28.4% $419 / Sq Ft
10/31/2013 10/31/13 Sold $545,000 -- $327 / 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 $11,299 $717,100 $341,600 $375,500
2024 $11,299 $661,900 $316,000 $345,900
2023 $10,824 $609,100 $300,800 $308,300
2022 $9,956 $541,700 $283,700 $258,000
2021 $9,718 $519,600 $267,700 $251,900
2020 $9,502 $505,700 $262,500 $243,200
2019 $9,041 $483,500 $257,400 $226,100
2018 $9,013 $479,900 $254,700 $225,200
2017 $8,920 $469,000 $231,600 $237,400
2016 $8,858 $461,600 $227,000 $234,600
2015 $8,516 $452,000 $220,300 $231,700
2014 $7,668 $403,600 $209,900 $193,700
Source: Public Records

Agents Affiliated with this Home

  • Molly Tonero

    Seller's Agent in 2022

    Molly Tonero

    TURPIN REAL ESTATE, INC.

    (908) 256-6724

    2 in this area

    45 Total Sales

    Molly Tonero
    Section Image

  • P

    Buyer's Agent in 2022

    PATSY SODEN

    COLDWELL BANKER REALTY

  • M

    Seller's Agent in 2013

    Michele Hill

    TURPIN REAL ESTATE, INC.

    (908) 313-6542

    16 in this area

    75 Total Sales

    Michele Hill
    Section Image
  • Gerry-Jo Cranmer

    Buyer's Agent in 2013

    Gerry-Jo Cranmer

    TURPIN REAL ESTATE, INC.

    (908) 400-2346

    3 in this area

    78 Total Sales

    Gerry-Jo Cranmer
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3766731

Garden State MLS

APN: 15-00024-0000-00013

New Jersey Somerset County Peapack 07931

5 Prospect St, Peapack, NJ

This home is located at 5 Prospect St, Peapack, NJ 07977 and is currently priced at $700,000, approximately $419 per square foot. This property was built in 1915. 5 Prospect St is a home located in Somerset County with nearby schools including Bedwell Elementary School, Bernardsville Middle School, and Bernards High School.

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