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1033 Prospect Street

1033 Prospect Street, Westfield, NJ 07090
Property in Union
Sold Mar 04, 2021
$2,149,000
$1,700,000 by Guaranteed Rate Inc
Mortgage Due Mar 01, 2051
Sold Apr 04, 2016
$1,800,000
$1,200,000 by Morgan Stanley Credit Corp
Mortgage Due Apr 01, 2046
Local assessors in Westfield, NJ have categorized 1033 Prospect Street as a residential type of property. The home was built in 2014 and is 10 years old. The property's lot size has been calculated to be 22,342 square feet. The linear feet between the front and back of the lot was measured at 2,280 ft and the front of the lot was measured at 980 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1033 Prospect Street has a total of 4,463 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1033 Prospect Street sold most recently in Feb 12, 2021 for a total of $2,149,000. If you work out the math, that's approximately a cost of $481.51 per sqft. Before that, the property was also sold for $1,800,000 in Mar 11, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $34,912 in taxes each year. 1033 Prospect Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,582,600. If we break it down further, the land itself was valued at $525,600. Improvements to the property, however, were assessed at a total of $1,057,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 22,342
  • Lot Size Depth Feet: 2,280
  • Lot Size Frontage Feet: 980
  • Total Building Area: 4,463
  • Building Area: 4,463
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,463
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.513
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : BIBERGAL OLEG
  • Current Owner 2: NASHTATIK STELLA
  • Previous Owner : HUGHES MICHAEL
  • Previous Owner 2: HUGHES CHRISTINE
  • Owner Before Previous Owner: TODD ELLNER LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Westfield Town School District
  • Census Tract: 036500

Geography

  • District: 20
  • Parcel: 20 00201-0000-00020- 03
  • Block: 201
  • Lot: 20.03
  • Municipality: WESTFIELD TOWN
  • Latitude: 40.661
  • Longitude: -74.3681

    Address

  • Full Address: 1033 Prospect St
  • Address - House Number: 1033
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Westfield
  • Carrier Code: C021
  • 4-Digit Zip Code: 4200
  • Zip Code: 07090

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $34,912

    Appraisal Valuation

  • Standard Deviation: 0.2187
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 2,051,245
  • High Value: 2,499,955
  • Low Value: 1,602,535

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,700,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Mar 04, 2021
  • First Open Lien Mortgage Loan Amount: $1,700,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2051

    Market Valuation

  • Market Total Value: $1,582,600
  • Market Land Value: $525,600
  • Market Improvement Value: $1,057,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,582,600
  • Assessed Land Value: $525,600
  • Assessed Improvements Value: $1,057,000

    Sales

  • Current Sale Contract Date: Feb 12, 2021
  • Current Sale Recording Date: Mar 04, 2021
  • Current Sale Transaction ID: 11823960044
  • Current Sale Price: $2,149,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2234
  • Previous Sale Recording Date: Apr 04, 2016
  • Previous Sale Contract Date: Mar 11, 2016
  • Previous Sale Amount: $1,800,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Mar 04, 2021
  • First Mortgage Loan Amount: $1,700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MORGAN STANLEY CREDIT CORP
  • Previous Mortgage Transaction Date: Apr 04, 2016
  • Previous Mortgage Loan Amount: $1,200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2046

About Westfield



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Frequently Asked Questions

What neighborhood is 1033 Prospect Street located in?
The 1033 Prospect Street is a located in the neighborhood of Union in Westfield, Westfield.
What is the average sales price for listings in 1033 Prospect Street?
The average sales price for units in 1033 Prospect Street is $0 currently.

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