NOT LISTED FOR SALE

940 Prospect Ave Unit 42 Plainfield, NJ 07060

Estimated Value: $584,000 - $644,000

Studio
-- Bath
2,162 Sq Ft
$285/Sq Ft Est. Value

Sale Details

Date Sold: October 6, 2023

Last sale price $600,000 $278 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,635 / mo

88 Days on Market

About This Home

As of October 2023

This home is located at 940 Prospect Ave Unit 42, Plainfield, NJ 07060 since 01 June 2023 and is currently estimated at $615,626, approximately $284 per square foot. This property was built in 1926. 940 Prospect Ave Unit 42 is a home located in Union County with nearby schools including Evergreen Elementary School, Maxson Middle School, and Plainfield High School.

Last Agent to Sell the Property

LUIS A. GUZMAN

ERA SUBURB REALTY Brokerage Phone: 908-322-4434 Listed on: 06/01/2023

Last Buyer's Agent

DAVID A SHAW

RE/MAX NEW MILLENNIUM GROUP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 9,583 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Year Built: 1926
  • County Name: Union
  • I D: 5224536
  • Attribution Contact: 908-322-4434
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 50X190
  • Total Acres: 0.22

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Oct 5, 2023
Sold by
Bought by
Seller's Agent
LUIS A. GUZMAN
ERA SUBURB REALTY
Buyer's Agent
DAVID A SHAW
RE/MAX NEW MILLENNIUM GROUP
List Price
$699,900
Sold Price
$600,000
Premium/Discount to List
-$99,900
-14.27%
Views
83
Current Estimated Value
$615,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,626
Avg. Annual Appreciation
0.95%
Original Mortgage
$565,250
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,870
Interest Rate
5.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$600,000 Palais Title
$600,000 Palais Title
$600,000 Palais Title
$394,500 First American Title
$394,500 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $565,250
Previous Owner $295,870
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/06/2023 10/06/23 Sold $600,000 -14.3% $278 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $699,900 -- $324 / Sq Ft
Source: Garden State MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,718 $180,000 $50,000 $130,000
2024 $12,061 $180,000 $50,000 $130,000
2023 $12,061 $139,500 $50,000 $89,500
2022 $11,800 $139,500 $50,000 $89,500
2021 $11,697 $139,500 $50,000 $89,500
2020 $11,664 $139,500 $50,000 $89,500
2019 $11,664 $139,500 $50,000 $89,500
2018 $11,419 $139,500 $50,000 $89,500
2017 $11,140 $139,500 $50,000 $89,500
2016 $10,913 $139,500 $50,000 $89,500
2015 $10,591 $139,500 $50,000 $89,500
2014 $10,303 $139,500 $50,000 $89,500
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    LUIS A. GUZMAN

    ERA SUBURB REALTY

  • D

    Buyer's Agent in 2023

    DAVID A SHAW

    RE/MAX

See All Agents

Map

Source: Garden State MLS

MLS Number: 3846847

Garden State MLS

APN: 12-00826-0000-00004

New Jersey Union County Plainfield 07060

940 Prospect Ave Unit 42, Plainfield, NJ

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