NOT LISTED FOR SALE

7 Prospect Terrace Montclair, NJ 07042

Estimated Value: $1,579,116 - $1,900,000

5 Beds
6 Baths
3,988 Sq Ft
$429/Sq Ft Est. Value

Sale Details

Date Sold: May 23, 2023

Last sale price $1,385,000 $347 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $11,609 / mo

15 Days on Market

Highlights

  • Multiple Fireplaces
  • En-Suite Primary Bedroom
  • Rectangular Lot
  • Hillside School Rated A

About This Home

As of May 2023

Fabulous 5/6 bed Craftsman home. This stunner has it all- character, charm, tons of space, all just a short stroll to Montclair's downtown. Beautifully preserved architectural details- multiple fireplaces, wood panelling, built-ins, beamed ceilings. 1st flr features LR with grand fireplace, stunning library/sunroom, formal DR with beamed ceilings & seating area with fireplace, renovated eat-in kitchen featuring Craftsman cabinets, soapstone counters & SS appliances, butler's pantry, and charming powder room. 2nd fl boasts 3 large beds, all w/full en-suite bathrooms, and a large cedar hall closet. Primary & 3rd bedrooms each offer separate sitting room/office. 3rd fl oasis offers 4th bedroom, 5th bedroom/large family/rec room, and full bath. Unique, spacious 4th floor loft offers many options- 6th bed/office. Fully finished basement w/built in speakers includes a half bath and pantry. 2 car detached garage, new driveway & stone walkway, fully fenced-in patio & yard.

Last Agent to Sell the Property

Clare Morcella

Keller Williams Realty - NJ Metro Group Listed on: 03/14/2023

Keller Williams Realty - NJ Metro Group

Last Buyer's Agent

Laura Sulborski

Keller Williams Realty - NJ Metro Group

Keller Williams Realty - NJ Metro Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,713

Lot Details

  • 8,000 Sq Ft Lot
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Multiple Fireplaces
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Listing and Financial Details

  • Legal Lot and Block 00005 / 02111

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,713

Lot Details

8,000 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Regular
  • View Type:Pond View: None
  • Co List Office Phone: 973-783-7400
  • MLS Status: Sold - Sold
  • Directions: S Fullerton to Union St to Prospect Terr
  • Reso Fireplace Features: 3 Fireplaces
  • Year Built Details: 1900-1939,Build Prior to 1978
  • PropertySubTypeAdditional: Tudor
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Primary Bathroom: Yes
  • Basement Remarks: media room, bathroom, pantry, storage

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Exclusions: chandeliers in entryway and pantry, and plug in wine fridge
  • Construction Type: Brick, Fabricated Stucco

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Cooling: Window Unit(s)
  • Heating: Oil, Radiant Floor, Steam

Lot Info

  • Lot Size Sq Ft: 8000.0

Tax Info

  • Tax Annual Amount: 28713.0
  • Tax Block: 02111
  • Tax Lot: 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2023
Closed on
May 19, 2023
Sold by
Sullivan James H and Sullivan Natalie Ann
Bought by
Shah Suemyra and Farah Omar
Seller's Agent
Clare Morcella
Keller Williams Realty - NJ Metro Group
Buyer's Agent
Laura Sulborski
Keller Williams Realty - NJ Metro Group
List Price
$1,050,000
Sold Price
$1,385,000
Premium/Discount to List
$335,000
31.9%
Views
126
Current Estimated Value
$1,712,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,779
Avg. Annual Appreciation
7.57%
Original Mortgage
$1,108,000
Outstanding Balance
$1,076,511
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$636,268

Purchase Details

Closed on
Aug 3, 2016
Sold by
Doncov Alexander and Doncov Stephanie E
Bought by
Sullivan James H and Sullvian Natalle Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2013
Closed on
Oct 22, 2013
Sold by
Carter Deon and Carter Karen
Bought by
Doncov Stephanie and Doncov Alexander
Buyer's Agent
Jill Gimber
PROMINENT PROPERTIES SIR
Sold Price
$760,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%

Purchase Details

Closed on
Jun 14, 2002
Sold by
Walker John
Bought by
Carter Deon and Carter Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.81%

Purchase Details

Closed on
Jul 17, 2001
Sold by
Thurston Tyrone
Bought by
Coyne Sarah and Walker John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
7.1%

Purchase Details

Closed on
Aug 19, 1998
Sold by
Dipasquale Nicole
Bought by
Thurston Tyrone and Thurston Carlotta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,200
Interest Rate
6.68%

Purchase Details

Closed on
Sep 26, 1995
Sold by
Petrie Phil
Bought by
Stojanovic Boris and Pasquale Roslyn Di

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.86%
Source: Public Records
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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
Shah Suemyra $1,385,000 Evident Title
Sullivan James H $840,000 Languard Title Service
Doncov Stephanie $760,000 --
Doncov Stephanie $760,000 --
Carter Deon $522,000 --
Coyne Sarah $420,000 --
Thurston Tyrone $329,000 --
Stojanovic Boris $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shah Suemyra $1,108,000
Previous Owner Sullivan James H $625,500
Previous Owner Sullivan James H $840,000
Previous Owner Carter Deon $400,000
Previous Owner Coyne Sarah $336,000
Previous Owner Thurston Tyrone $263,200
Previous Owner Stojanovic Boris $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2023 05/23/23 Sold $1,385,000 +31.9% $347 / Sq Ft
03/29/2023 03/29/23 Pending -- -- --
03/14/2023 03/14/23 For Sale $1,050,000 +38.2% $263 / Sq Ft
10/22/2013 10/22/13 Sold $760,000 -- $191 / Sq Ft View Prior Sale
Source: New Jersey MLS

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 $30,242 $888,700 $283,500 $605,200
2024 $30,038 $888,700 $283,500 $605,200
2023 $29,220 $888,700 $283,500 $605,200
2022 $29,220 $888,700 $283,500 $605,200
2021 $28,714 $888,700 $283,500 $605,200
2020 $28,252 $888,700 $283,500 $605,200
2019 $27,959 $888,700 $283,500 $605,200
2018 $27,496 $888,700 $283,500 $605,200
2017 $28,207 $755,400 $227,100 $528,300
2016 $27,451 $755,400 $227,100 $528,300
2015 $26,635 $755,400 $227,100 $528,300
2014 $25,744 $755,400 $227,100 $528,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 23007288

New Jersey MLS

APN: 13-02111-0000-00005

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