NOT LISTED FOR SALE

649 Mount Prospect Ave Newark, NJ 07104

North Broadway Neighborhood

Estimated Value: $649,124

-- Bed
-- Bath
1,200 Sq Ft
$541/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $800,000 $667 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $4,032/month

37 Days on Market

About This Home

As of November 2022

This home is located at 649 Mount Prospect Ave, Newark, NJ 07104 since 12 April 2022 and is currently priced at $649,124, approximately $540 per square foot. 649 Mount Prospect Ave is a home located in Essex County with nearby schools including Elliott Street Elementary School, Ridge Street Elementary School, and Rafael Hernandez School.

Last Agent to Sell the Property

Edwin Torres

REALTY ONE GROUP LEGEND Brokerage Phone: 973-772-0660 Listed on: 04/12/2022

REALTY ONE GROUP LEGEND

Last Buyer's Agent

EDDY CURTINEZ

A & E CURTINEZ REALTY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,616

Lot Details

  • 27 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,616

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 649
  • I D: 5142747
  • Modified: 2023-11-15
  • Number Images: 1
  • Attribution Contact: 973-772-0660
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 27.8X140
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2022
Closed on
Nov 23, 2022
Sold by
A N Reyes Llc
Bought by
649 Mt Prospect Avenue Llc
Seller's Agent
Edwin Torres
REALTY ONE GROUP LEGEND
Buyer's Agent
EDDY CURTINEZ
A & E CURTINEZ REALTY LLC
List Price
$769,000
Sold Price
$800,000
Premium/Discount to List
$31,000
4.03%
Current Estimated Value
$649,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$150,876
Original Mortgage
$600,000
Outstanding Balance
$573,183
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2015
Sold by
Arturo Reyes
Bought by
A N Reyes Llc

Purchase Details

Closed on
Jul 20, 2015
Sold by
Reyes Arturo and Mendez Reyes Merysol
Bought by
Reyes Arturo

Purchase Details

Closed on
Dec 9, 2003
Sold by
Reyes Arturo
Bought by
Reyes Arturo and Reyes Merysol Mendez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,250
Interest Rate
6.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 1988
Sold by
Castaneda Hector
Bought by
Reyes Arturo
Source: Public Records

Range of Values:

Collateral Analytics

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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 Buyer Sale Price Title Company
649 Mt Prospect Avenue Llc $800,000 New Horizon Abstract
A N Reyes Llc -- Attorney
Reyes Arturo -- None Available
Reyes Arturo $375,000 --
Reyes Arturo $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 649 Mt Prospect Avenue Llc $600,000
Previous Owner Reyes Arturo $26,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2022 11/14/22 Sold $800,000 +4.0% $667 / Sq Ft
05/26/2022 05/26/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $769,000 -- $641 / 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 $7,616 $327,800 $68,200 $259,600
2024 $7,616 $327,800 $68,200 $259,600
2022 $7,633 $204,300 $68,200 $136,100
2021 $7,629 $204,300 $68,200 $136,100
2020 $8,675 $228,300 $68,200 $160,100
2019 $8,586 $228,300 $68,200 $160,100
2018 $8,431 $228,300 $68,200 $160,100
2017 $8,127 $228,300 $68,200 $160,100
2016 $7,854 $228,300 $68,200 $160,100
2015 $7,554 $228,300 $68,200 $160,100
2014 $7,080 $228,300 $68,200 $160,100
Source: Public Records

Agents Affiliated with this Home

  • Edwin Torres

    Seller's Agent in 2022

    Edwin Torres

    REALTY ONE GROUP LEGEND

    (973) 619-5230

    1 in this area

    9 Total Sales

    Edwin Torres
    Section Image

  • E

    Buyer's Agent in 2022

    EDDY CURTINEZ

    A & E CURTINEZ REALTY LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3775045

Garden State MLS

APN: 14-00736-0000-00032

New Jersey Essex County Newark 07104 North Broadway

649 Mount Prospect Ave, Newark, NJ

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