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16 Prospect Street

16 Prospect Street, Elizabeth, NJ 07201
Multifamily in Union
16 Prospect Street in Elizabeth, NJ was first built in 1890 and is 134 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a triplex style. 16 Prospect Street has 2,504 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 420 ft and the linear feet between the front and back of the lot is 820. In total, the area measurement of the land is 3,446 square feet.

Learn more about the property and building on this page. The property was last sold in Jul 30, 2021 for $465,000. That's $185.70 per sqft. Prior to that sales transaction, the property was also sold in Jan 14, 1992 for $150,000. 16 Prospect Street was last assessed in 2023. The total value of the property was assessed at $36,800. Specifically, the land the property is located on was valued at $9,000. While improvements on the property were assessed at a total of $27,800. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $11,566. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Aluminum Siding
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210417 Unit 3
04/17/2021
3
5 Bed
4 Bath
-
$465,000
bedrooms
5 Bed
bathrooms
4 Bath
-
-
-
LISA GRANDE
RE/MAX SELECT

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Bedroom Count: 0
  • Building Style: Triplex
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,446
  • Lot Size Depth Feet: 820
  • Lot Size Frontage Feet: 420
  • Total Building Area: 2,504
  • Gross Building Area: 2,504
  • Building Area: 2,504
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,504
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.079
  • Standard Land Use Code: Triplex (3 units, any combination)

Ownership

  • Current Owner : MARTE MIGUEL A MEJIA
  • Previous Owner : FLORES OSCAR R
  • Previous Owner 2: FLORES INES
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Elizabeth City School District
  • Census Tract: 031100

Geography

  • District: 04
  • Parcel: 04 00312-0000-00032
  • Block: 312
  • Lot: 32
  • Municipality: ELIZABETH CITY
  • Latitude: 40.6616
  • Longitude: -74.2089

    Address

  • Full Address: 16 Prospect St
  • Address - House Number: 16
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Elizabeth
  • Carrier Code: C017
  • 4-Digit Zip Code: 2575
  • Zip Code: 07201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,566

    Appraisal Valuation

  • Standard Deviation: 0.2608
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 62
  • Final Value: 644,972
  • High Value: 813,244
  • Low Value: 476,700

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $348,750
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Aug 25, 2021
  • First Open Lien Mortgage Loan Amount: $348,750
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $36,800
  • Market Land Value: $9,000
  • Market Improvement Value: $27,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,800
  • Assessed Land Value: $9,000
  • Assessed Improvements Value: $27,800

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Aug 25, 2021
  • Current Sale Transaction ID: 11853402048
  • Current Sale Price: $465,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 8591
  • Previous Sale Recording Date: Jan 14, 1992
  • Previous Sale Contract Date: Jan 14, 1992
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Aug 25, 2021
  • First Mortgage Loan Amount: $348,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

About Elizabeth



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 16 Prospect Street located in?
The 16 Prospect Street is a multifamily located in the neighborhood of Union in Elizabeth, Elizabeth.
What is the average sales price for listings in 16 Prospect Street?
The average sales price for units in 16 Prospect Street is $0 currently.

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