771 Mt Prospect Avenue

771 Mt Prospect Avenue has been categorized by the local assessors in Newark, NJ as a residential type of property. The building on the property was first built in 1900 and is 124 years old. The building has a total of 3 stories. In addition, 771 Mt Prospect Avenue has 2,678 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,326 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 3,315 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the 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, 771 Mt Prospect Avenue sold most recently in Feb 6, 2020 for a total of $365,000. If you work out the math, that's approximately a cost of $136.30 per sqft. 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 $11,514 in taxes each year. 771 Mt Prospect Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $308,200. If we break it down further, the land itself was valued at $22,800. Improvements to the property, however, were assessed at a total of $285,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.