124 Prospect Street

124 Prospect Street has been categorized by the local assessors in Summit, NJ as a residential type of property. The building on the property was first built in 2012 and is 12 years old. The building has a total of 2 stories. In addition, 124 Prospect Street has 4,134 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 2,000 ft and across the front of the lot is 800 ft. The area measurement of the land has been determined as 16,000 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. For the features and amenities located on the property. There is a garage underground or in the basement for those who require parking. 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, 124 Prospect Street sold most recently in Mar 2, 2022 for a total of $2,650,000. If you work out the math, that's approximately a cost of $641.03 per sqft. Before that, the property was also sold for $985,000 in Sep 6, 2011. 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 $35,014 in taxes each year. 124 Prospect Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $809,200. If we break it down further, the land itself was valued at $233,400. Improvements to the property, however, were assessed at a total of $575,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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. 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.