NOT LISTED FOR SALE

Vail Commons 7 Prospect St Unit 508 Morristown, NJ 07960

Estimated Value: $491,000 - $575,000

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

Last Sold May 15, 2023

Last sale price $475,000

Est. 11% increase in value since last sale

Current estimated payment $3,358/month

23 Days on Market

About This Home

As of May 2023

This home is located at 7 Prospect St Unit 508, Morristown, NJ 07960 since 22 March 2023 and is currently estimated at $525,116. This property was built in 2008. 7 Prospect St Unit 508 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

Denise Flanagan

COLDWELL BANKER REALTY Brokerage Phone: 973-267-8990 Listed on: 03/22/2023

COLDWELL BANKER REALTY

Co-Listed By

Margaret DeFazio

COLDWELL BANKER REALTY Brokerage Phone: 973-267-8990

COLDWELL BANKER REALTY

Last Buyer's Agent

Margaret DeFazio

COLDWELL BANKER REALTY Brokerage Phone: 973-267-8990

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,854

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

$6,854

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Year Built: 2008
  • County Name: Morris
  • Street Number Display: 7
  • I D: 5208966
  • Modified: 2024-05-16
  • Number Images: 1
  • Attribution Contact: 973-267-8990
  • 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

Listed on
Mar 22, 2023
Closed on
May 15, 2023
Sold by
Anderson Melissa
Bought by
Abdelhamid Ali and Palkoski Tara Jean
Seller's Agent
Denise Flanagan
COLDWELL BANKER REALTY
Buyer's Agent
Margaret DeFazio
COLDWELL BANKER REALTY
List Price
$485,000
Sold Price
$475,000
Premium/Discount to List
-$10,000
-2.06%
Views
166
Current Estimated Value
$525,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,116
Avg. Annual Appreciation
4.23%
Original Mortgage
$285,000
Outstanding Balance
$277,133
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$247,983
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
Abdelhamid Ali $475,000 Realsafe Title
Abdelhamid Ali $475,000 Realsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abdelhamid Ali $285,000
Closed Abdelhamid Ali $285,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2023 05/15/23 Sold $475,000 -2.1% --
04/14/2023 04/14/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $485,000 -- --
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 $6,854 $435,200 $215,000 $220,200
2024 $8,294 $435,200 $215,000 $220,200
2023 $8,294 $285,400 $225,000 $60,400
2022 $8,197 $285,400 $225,000 $60,400
2021 $8,197 $285,400 $225,000 $60,400
2020 $8,228 $285,400 $225,000 $60,400
2019 $8,225 $285,400 $225,000 $60,400
2018 $8,120 $285,400 $225,000 $60,400
2017 $7,877 $285,400 $225,000 $60,400
2016 $7,674 $285,400 $225,000 $60,400
2015 $7,492 $285,400 $225,000 $60,400
2014 $7,409 $275,000 $225,000 $50,000
Source: Public Records

Agents Affiliated with this Home

  • Denise Flanagan

    Seller's Agent in 2023

    Denise Flanagan

    COLDWELL BANKER REALTY

    (973) 420-4590

    26 in this area

    44 Total Sales

    Denise Flanagan
    Section Image
  • Margaret DeFazio

    Seller Co-Listing Agent in 2023

    Margaret DeFazio

    COLDWELL BANKER REALTY

    (201) 738-7636

    16 in this area

    28 Total Sales

    Margaret DeFazio
    Section Image
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About Vail Commons

Map

Source: Garden State MLS

MLS Number: 3834274

Garden State MLS

APN: 24-05801-0000-00003-508

New Jersey Morris County Morristown 07960

7 Prospect St Unit 508, Morristown, NJ

This home is located at 7 Prospect St Unit 508, Morristown, NJ 07960 since 22 March 2023 and is currently estimated at $525,116. This property was built in 2008. 7 Prospect St Unit 508 is a home located in Morris County with nearby schools including Hillcrest School, Thomas Jefferson School, and Alexander Hamilton School.

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