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247 Prospect Street

247 Prospect Street, Westfield, NJ 07090
Property in Union
Sold Oct 07, 2003
$490,000
$441,000 by Lehman Brothers Bank
Mortgage Due Oct 07, 2033
Sold Nov 02, 2001
$392,450
$950,000 by The Town Bank Of Westfield
Mortgage Due Oct 30, 2021
Local assessors in Westfield, NJ have categorized 247 Prospect Street as a residential type of property. The home was built in 1910 and is 114 years old. The property's lot size has been calculated to be 9,152 square feet. The linear feet between the front and back of the lot was measured at 1,830 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a style that we are currently unable to determine. This is a 3 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 247 Prospect Street has a total of 2,706 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 detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. 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, 247 Prospect Street was last sold in Sep 15, 2003 for $490,000. According to our calculations, that's $181.08 per sqft. Prior to that sales transaction, the property was sold for $392,450 in Sep 24, 2001. Current property owners are expected to pay $18,129 in taxes per year. The property on 247 Prospect Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $821,800. To break that down further, the land itself was valued at $523,600. While improvements to the property were assessed at a total of $298,200. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Other
  • Floor Count: 3
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,152
  • Lot Size Depth Feet: 1,830
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,706
  • Building Area: 2,706
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,706
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : DOW MARK
  • Previous Owner : PROSPECT GARDENS LLC
  • Owner Before Previous Owner: VINCENTSEN INEZ J
  • Owner Before Previous Owner 2: VINCENTSEN MARTIN J

Neighborhood

  • School District Name: Westfield Town School District
  • Census Tract: 036600

Geography

  • Assessors Map Reference: TAX MAP 1910
  • District: 20
  • Parcel: 20 02504-0000-00005
  • Block: 2504
  • Lot: 5
  • Municipality: WESTFIELD TOWN
  • Latitude: 40.6522
  • Longitude: -74.3526

    Address

  • Full Address: 247 Prospect St
  • Address - House Number: 247
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Westfield
  • Carrier Code: C013
  • 4-Digit Zip Code: 4005
  • Zip Code: 07090

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $18,129

    Appraisal Valuation

  • Standard Deviation: 0.2137
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 1,155,038
  • High Value: 1,401,892
  • Low Value: 908,184

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $850,500
  • First Open Lien Mortgage Lender: LEHMAN BROTHERS BANK
  • First Open Lien Mortgage Recording Date: Oct 07, 2003
  • First Open Lien Mortgage Loan Amount: $441,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Oct 07, 2033
  • Second Open Lien Mortgage Lender: NATIONSTAR MORTGAGE LLC
  • Second Open Lien Mortgage Recording Date: Nov 13, 2019
  • Second Open Lien Mortgage Loan Amount: $409,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2049

    Market Valuation

  • Market Total Value: $821,800
  • Market Land Value: $523,600
  • Market Improvement Value: $298,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $821,800
  • Assessed Land Value: $523,600
  • Assessed Improvements Value: $298,200

    Sales

  • Current Sale Contract Date: Sep 15, 2003
  • Current Sale Recording Date: Oct 07, 2003
  • Current Sale Transaction ID: 1120449110
  • Current Sale Price: $490,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Nov 02, 2001
  • Previous Sale Contract Date: Sep 24, 2001
  • Previous Sale Amount: $392,450
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: LEHMAN BROTHERS BANK
  • First Mortgage Transaction Date: Oct 07, 2003
  • First Mortgage Loan Amount: $441,000
  • First Mortgage Terms: 360

    Previous Mortgages

  • Previous Mortgage Lender: THE TOWN BANK OF WESTFIELD
  • Previous Mortgage Transaction Date: Nov 02, 2001
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $950,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Stand Alone First
  • Previous Mortgage Loan Due Date: Oct 30, 2021

About Westfield



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Frequently Asked Questions

What neighborhood is 247 Prospect Street located in?
The 247 Prospect Street is a located in the neighborhood of Union in Westfield, Westfield.
What is the average sales price for listings in 247 Prospect Street?
The average sales price for units in 247 Prospect Street is $0 currently.

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