11 Prospect Terrace

Local assessors in East Rutherford, NJ have categorized 11 Prospect Terrace as a residential type of property. The home was built in 1989 and is 35 years old. The property's lot size has been calculated to be 4,400 square feet. The linear feet between the front and back of the lot was measured at 880 ft and the front of the lot was measured at 500 ft. 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 11 Prospect Terrace has a total of 2,553 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. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 11 Prospect Terrace was last sold in Aug 4, 2020 for $488,000. According to our calculations, that's $191.15 per sqft. Prior to that sales transaction, the property was sold for $180,000 in Feb 27, 1997. Current property owners are expected to pay $9,434 in taxes per year. The property on 11 Prospect Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $583,000. To break that down further, the land itself was valued at $273,100. While improvements to the property were assessed at a total of $309,900. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.