NOT LISTED FOR SALE

Vail Commons 7 Prospect St Unit 506 Morristown, NJ 07960

Estimated Value: $497,000 - $571,000

2 Beds
2 Baths
-- Sq Ft
10,803 Sq Ft Lot

Last Sold September 29, 2023

Last sale price $490,000

Est. 8% increase in value since last sale

Current estimated payment $3,385/month

About This Home

As of September 2023

This home is located at 7 Prospect St Unit 506, Morristown, NJ 07960 since 29 September 2023 and is currently estimated at $527,108. This property was built in 2008. 7 Prospect St Unit 506 is a home located in Morris County with nearby schools including Hillcrest School, Thomas Jefferson School, and Alexander Hamilton School.

Last Agent to Sell the Property

Patricia Lopez

KL SOTHEBY'S INT'L. REALTY Brokerage Phone: 973-952-6200 Listed on: 09/29/2023

KL SOTHEBY'S INT'L. REALTY

Last Buyer's Agent

Patricia Lopez

KL SOTHEBY'S INT'L. REALTY Brokerage Phone: 973-952-6200 Listed on: 09/29/2023

KL SOTHEBY'S INT'L. REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,086

Year Built

  • Built in 2008

Lot Details

  • 10,803

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,086

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Year Built: 2008
  • County Name: Morris
  • Street Number Display: 7
  • I D: 5244359
  • Modified: 2024-09-30
  • Attribution Contact: 973-952-6200
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Bathrooms: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2024
Sold by
Park Miri and Kim Jesse Soo-Yun
Bought by
Miri Park Living Trust and Jin-Chul Kim Living Trust
Current Estimated Value
$527,108

Purchase Details

Listed on
Sep 29, 2023
Closed on
Sep 11, 2023
Sold by
Sunar Patricia M
Bought by
Park Miri and Kim Jesse Soo-Yun
Seller's Agent
Patricia Lopez
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
Patricia Lopez
KL SOTHEBY'S INT'L. REALTY
List Price
$490,000
Sold Price
$490,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.70%
Original Mortgage
$294,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 19, 2020
Closed on
Aug 26, 2020
Sold by
Takahashi Yoshiyuki
Bought by
Sunar Halil E and Sunar Patricia M
Seller's Agent
Patricia Lopez
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
Patricia Lopez
KL SOTHEBY'S INT'L. REALTY
List Price
$459,000
Sold Price
$412,500
Premium/Discount to List
-$46,500
-10.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Miri Park Living Trust -- American Land Title
Miri Park Living Trust -- American Land Title
Park Miri $490,000 Carnegie Title
Park Miri $490,000 Carnegie Title
Sunar Halil E $412,500 Fidelity National Ttl Ins Co
Sunar Halil E $412,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Park Miri $294,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $490,000 0.0% --
09/29/2023 09/29/23 Pending -- -- --
09/29/2023 09/29/23 For Sale $490,000 +18.8% --
08/28/2020 08/28/20 Sold $412,500 -6.2% --
07/29/2020 07/29/20 Pending -- -- --
05/29/2020 05/29/20 Price Changed $439,900 -4.2% --
04/19/2020 04/19/20 For Sale $459,000 -- --
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 $7,086 $449,900 $215,000 $234,900
2024 $9,793 $449,900 $215,000 $234,900
2023 $9,793 $337,000 $225,000 $112,000
2022 $9,679 $337,000 $225,000 $112,000
2021 $9,679 $337,000 $225,000 $112,000
2020 $9,716 $337,000 $225,000 $112,000
2019 $9,712 $337,000 $225,000 $112,000
2018 $9,588 $337,000 $225,000 $112,000
2017 $9,301 $337,000 $225,000 $112,000
2016 $9,062 $337,000 $225,000 $112,000
2015 $8,846 $337,000 $225,000 $112,000
2014 $8,749 $337,000 $225,000 $112,000
Source: Public Records

Agents Affiliated with this Home

  • Patricia Lopez

    Seller's Agent in 2023

    Patricia Lopez

    KL SOTHEBY'S INT'L. REALTY

    (973) 476-2236

    28 in this area

    78 Total Sales

    Patricia Lopez
    Section Image
See All Agents

About Vail Commons

Map

Source: Garden State MLS

MLS Number: 3867262

Garden State MLS

APN: 24-05801-0000-00003-506

New Jersey Morris County Morristown 07960

7 Prospect St Unit 506, Morristown, NJ

This home is located at 7 Prospect St Unit 506, Morristown, NJ 07960 since 29 September 2023 and is currently estimated at $527,108. This property was built in 2008. 7 Prospect St Unit 506 is a home located in Morris County with nearby schools including Hillcrest School, Thomas Jefferson School, and Alexander Hamilton School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes