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7 Prospect Terrace, Montclair, NJ 07042 Property Information

7 Prospect Terrace, Montclair, NJ 07042 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Neighborhood
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7 Prospect Terrace, Montclair, NJ 07042
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Address

Primary address 7 Prospect Terrace, Montclair
Zip code 07042
County Essex
Municipality Montclair Township
Block 2111
Lot 5

Sales & Tax Overview for 7 Prospect Terrace, Montclair

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Sale date 08/03/2016
Sale price $840,000
Arm's length
Property tax $31,247

Lot & Building Information for 7 Prospect Terrace, Montclair

Building sqft 4,100
Building class Residential (2)
Acreage 0.187
Year built 1911
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Zoning, Use & Area Overview

Walk Score
96 /100. Walker's Paradise
Transit Score
0 /100. Minimal Transit
Bike Score
41 /100. Somewhat Bikeable

Zoning district Single Family (R-1)
Broadband internet providers and speed map
Types of broadband connections map

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 7 Prospect Terrace, Montclair

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  • • Improvements for 7 Prospect Terrace, Montclair , including their type, square footage, grade and when they were built.
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About 7 Prospect Terrace, Montclair

What is the year built & the total sq. ft. for 7 Prospect Terrace, Montclair, NJ 07042?

7 Prospect Terrace, Montclair, NJ 07042 was built in 1911 and has a total of 4,100 square feet.

What is the assessed value of 7 Prospect Terrace, Montclair, NJ 07042 and the property tax paid?

Assessed at $888,700, the tax amount paid for 7 Prospect Terrace, Montclair, NJ 07042 is $31,246.

When was 7 Prospect Terrace, Montclair, NJ 07042 last sold?

7 Prospect Terrace, Montclair, NJ 07042 was last sold in 05/25/2023.

Ownership Information

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Real Estate Reports:
Locked-In Owners, Mobile Renters: Homeowners Stay Put as Renters Move 3.7x More Across Largest U.S. Cities 
Laura Pop-Badiu, May 07, 2026 Locked-In Owners, Mobile Renters: Homeowners Stay Put as Renters Move 3.7x More Across Largest U.S. Cities 
Renters became the primary drivers of long-distance mobility across the largest U.S. cities, moving 3.7 times more than owners in 2024, as high mortgage rates and housing costs kept many homeowners in place.
$4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
2026 Q1 Foreclosure Report: Brooklyn Filings Fall Sharply, Bronx & Staten Island Hit New Peaks
Eliza Theiss, Apr 15, 2026 2026 Q1 Foreclosure Report: Brooklyn Filings Fall Sharply, Bronx & Staten Island Hit New Peaks
Behind a deceptively mild citywide downtick, borough foreclosure markets pulled into significantly diverging paths as Brooklyn cases were nearly halved and the Bronx hit a new, record high. Meanwhile, Queens remained unchanged, Staten Island surged back up and Manhattan cooled slowly.
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Past Sales & Property History for 7 Prospect Terrace, Montclair

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Purchase date Purchase price Buyer name Seller name
08/03/2016 $840,000
10/22/2013 $760,000
06/14/2002 $522,000
       
       
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*Here are the three most recent sales for this property.


More about Essex County Property Records

Title Documents for 7 Prospect Terrace, Montclair

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Maturity Index Document Related documents Doc image
05/25/2023 - R Deed and Realty Tax Fees
08/03/2016 - D
08/16/2016 - R		 Deed and Realty Tax Fees
10/22/2013 - D
12/16/2013 - R		 Deed and Realty Tax Fees
06/14/2002 - D Deed and Realty Tax Fees
                   
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R: Recorded date
D: Document date

Property Taxes for 7 Prospect Terrace, Montclair

Access detailed property tax data for 7 Prospect Terrace, Montclair, NJ 07042. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025
Property tax $31,247
Market value $888,700

More about Essex County Property Taxes

Assessment History for 7 Prospect Terrace, Montclair

Here's the assessment & property tax history for 7 Prospect Terrace, Montclair, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessment value Total tax rate Property tax Year over year change
2025 $888,700 $888,700 3.516 $31,247 +3.32%
2024 $888,700 $888,700 3.403 $30,242 +0.68%
2023 $888,700 $888,700 3.38 $30,038 +2.80%
2022 $888,700 $888,700 3.288 $29,220 +1.76%
2021 $888,700 $888,700 3.231 $28,714 +1.64%
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Risk

Create a free account to unlock extended information for 7 Prospect Terrace, Montclair, including whether it's located in FEMA flood zones, floodways or special flood hazard areas, as well as the Coastal barriers resources system area (COBRA).

FEMA flood zone(s) X (See more on map)
Fire hazard zone See more on map
Geohazard zones map

Transportation

Access the detailed traffic volume map for 7 Prospect Terrace, Montclair to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

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Schools

Nearest elementary schools

Name Rating Type Grade range No of students Distance to school (mi)
Religious School NR Private PK-8 131 0.11
Religious School NR Private PK-8 131 0.11
Charles H Bullock School 5 Public K-5 423 0.24
Trinity Academy NR Private PK, K-2 0 0.37
Trinity Academy NR Private PK, K-2 0 0.37
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Nearest middle schools

Name Rating Type Grade range No of students Distance to school (mi)
Religious School NR Private PK-8 131 0.11
Fusion Academy - Montclair NR Private 7-12 28 0.26
Glenfield Middle School 5 Public 6-8 548 0.45
Deron School Ii NR Private 127 0.68
Sawtelle Learning Center NR Private 70 0.83
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Nearest high schools

Name Rating Type Grade range No of students Distance to school (mi)
Fusion Academy - Montclair NR Private 7-12 28 0.26
Immaculate Conception High School NR Private 9-12 165 0.43
Disciple Christian Academy NR Private 9, 12 0 0.43
Deron School Ii NR Private 127 0.68
Sawtelle Learning Center NR Private 70 0.83
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Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 7 Prospect Terrace, Montclair

Here are the neighbors for 7 Prospect Terrace, Montclair.

Address Square feet Purchase date Purchase price
43 Hawthorne Pl, Montclair 3,811 02/02/2001 $606,000
73 S Fullerton Ave, Montclair 17,562
83 S Fullerton Ave, Montclair 6,527 11/24/2025
79 S Fullerton Ave, Montclair 4,410 12/18/2017 $841,000
5 Prospect Ter, Montclair 2,999 01/26/1995 $223,000
58 Union St, Montclair 3,151 01/21/2011 $542,500
111 S Fullerton Ave, Montclair 4,052 06/28/1994 $1
44 Plymouth St, Montclair 2,617 06/28/2013 $550,000
117 S Fullerton Ave, Montclair 3,150 08/05/1988 $268,950
121 S Fullerton Ave, Montclair 3,210 10/10/2014 $820,000
9 Prospect Ter, Montclair 5,279 06/02/2014 $825,000
15 Prospect Ter, Montclair 5,969 10/07/1992
23 Prospect Ter, Montclair 4,435 12/08/2025
119 S Fullerton Ave, Montclair 4,122 04/15/2025
17 Prospect Ter, Montclair 4,780 10/30/2020 $1,300,000
48 Plymouth St, Montclair 3,416 12/22/2020
115 S Fullerton Ave, Montclair 3,167 11/06/1998
75 S Fullerton Ave, Montclair 5,371
107 S Fullerton Ave, Montclair 2,692 07/14/2008 $639,000
48 Union St, Montclair 3,054 06/07/2010
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Nearby ZIP Codes for 7 Prospect Terrace, Montclair

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