$445,000
SOLD AUG 19, 2025

Vail Commons 7 Prospect St Unit 510 Morristown, NJ 07960

1 Bed
1 Bath
-- Sq Ft
10,803 Sq Ft Lot

Recently Sold

14% Above List Price

27 Days on Market

About This Home

As of August 2025

This home is located at 7 Prospect St Unit 510, Morristown, NJ 07960 and is currently priced at $445,000. This property was built in 2008. 7 Prospect St Unit 510 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

MARGARET SELLERS

COLDWELL BANKER REALTY Brokerage Phone: 973-267-8990 Listed on: 06/21/2025

Last Buyer's Agent

JULIAN WEINSTEIN

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,968

Year Built

  • Built in 2008

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,968

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Year Built: 2008
  • County Name: Morris
  • Street Number Display: 7
  • I D: 5366616
  • Modified: 2025-08-19
  • Number Images: 1
  • Attribution Contact: 973-267-8990
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 1
  • Bathrooms: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2025
Closed on
Jul 11, 2025
Sold by
Schmidt David
Bought by
Prince Gary
Seller's Agent
MARGARET SELLERS
COLDWELL BANKER REALTY
Buyer's Agent
JULIAN WEINSTEIN
COMPASS NEW JERSEY, LLC
List Price
$389,000
Sold Price
$445,000
Premium/Discount to List
$56,000
14.4%
Views
131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-30.98%
Original Mortgage
$295,000
Outstanding Balance
$294,488
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$132,726
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 Type Sale Price Title Company
Bargain Sale Deed $445,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $295,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/19/2025 08/19/25 Sold $445,000 +14.4% --
07/18/2025 07/18/25 Pending -- -- --
06/21/2025 06/21/25 For Sale $389,000 +27.5% --
08/20/2013 08/20/13 Sold $305,000 -- -- View Prior Sale
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 $5,968 $378,900 $215,000 $163,900
2024 $7,454 $378,900 $215,000 $163,900
2023 $7,454 $256,500 $175,000 $81,500
2022 $7,367 $256,500 $175,000 $81,500
2021 $7,367 $256,500 $175,000 $81,500
2020 $7,395 $256,500 $175,000 $81,500
2019 $7,392 $256,500 $175,000 $81,500
2018 $7,297 $256,500 $175,000 $81,500
2017 $7,079 $256,500 $175,000 $81,500
2016 $6,897 $256,500 $175,000 $81,500
2015 $6,733 $256,500 $175,000 $81,500
2014 $6,659 $256,500 $175,000 $81,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    MARGARET SELLERS

    COLDWELL BANKER REALTY

  • J

    Buyer's Agent in 2025

    JULIAN WEINSTEIN

    COMPASS NEW JERSEY, LLC

See All Agents

About Vail Commons

Map

Source: Garden State MLS

MLS Number: 3970958

Garden State MLS

APN: 24-05801-0000-00003-510

New Jersey Morris County Morristown 07960

7 Prospect St Unit 510, Morristown, NJ

This home is located at 7 Prospect St Unit 510, Morristown, NJ 07960 and is currently priced at $445,000. This property was built in 2008. 7 Prospect St Unit 510 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