Essex County » 07104 » MT Prospect Ave » 501-507 MT Prospect Ave

501-507 Mt Prospect Avenue, Newark, NJ 07104 - Property report

Also known as: 501-507 MT Prospect Ave

Property image for 501-507 Mt Prospect Avenue, Newark, NJ 07104

Property type

Vacant Land (1)

Acreage

0.738

Sale price

General information

Address

Primary address

501-507 Mt Prospect Avenue

ZIP code

07104

County

Essex

Block

628

Lot

Neighborhood

Forest Hill

Municipality

714

Parcel ID

628-13

Sales

Sale date

05/15/2024

Sale price

Arm's length

Tax

Tax year

2026

Current property tax

$79,980

Building

Property type

Vacant Land (1)

Exterior structural material

Lot

Acreage

0.738

Zoning & Use

Zoning

Area overview

Walk score

63 /100. Somewhat Walkable

Transit score

66 /100. Good Transit

Bike score

23 /100. Somewhat Bikeable

Broadband internet providers and speed map

Types of broadband connections

Ownership

Ownership information for 501-507 Mt Prospect Avenue, Newark, NJ

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 501-507 Mt Prospect Avenue, Newark, NJ 07104

Sale date	Sale price	Buyer name	Seller name
05/15/2024	$1	XXXXXX XXXX XXXXX XXXXXXXXXXXX XX XXX; XXXXXXX XXX XXXXX XXXXXXXXXXX, XXXXXXXXXX XX; XXXXXX XXXX XXXXX XXXXXXXXXXXX XXXXX XXXXXXX XXX; XXXXXX XXXX XXXXX XXXXXXXXXXXX XXXXX XXXXXXX XXX; XXXXXX XXXX XXXXX XXXXXXXXXXXX XX XXX	XXXXXX XXXX XXXXX XXXXXXXXXXXX XXXXX XXXXXXXXXXXX XX XXX; XXX XXXXXX XXXXXXX XXX XXXXXXXX XXXXXXX XXXXXX; XXXXXXX XXX XXXXX XXXXXXXXXXX,XXXXXXXXX XX; XXXXXX XXXX XXXXX XXXXXXXXXXXX XXXXX XXXXXXX XXX
02/04/1998	$2,400,000

*Most recent sales on record for this property.

More about Essex County property records.

Title documents

Date	Type	Party 1	Party 2
03/20/2026 - R 03/04/2026 - D	Deed and Realty Tax Fees	XXXXXX XXXX XXXXX XXXXXXXXXXXX XX XXX	XXX XXXXXX XXXXXXX XXX XXXXXXXX XXXXXXX, XXXXXX
07/12/2024 - R	Assignment of Mortgage	XXXXXX XXXX XXXXX XXXXXXXXXXXX XXXXX XXXXXXX XXX	XXXXXX XXXX XXXXXX XXXXXXX XXX
06/20/2024 - R	Mortgage	XXXXXX XXXX XXXXX XXXXXXXXXXXX XX XXX	XXX XXXXXX XXXX XXXXX XX XXX
06/20/2024 - R	Mortgage	XXXXXX XXXX XXXXX XXXXXXXXXXXX XXXXX XXXXXXX XXX	XX XXXX XXXXX XXXXXXX XXXXXXXX XXXXXXXXXXX XXXXXX X-X XXXXXXX
06/20/2024 - R	Mortgage	XXXXXXXX XXXXXXX X	XXX XXXXXX XXXXXXX XXX XXXXXXXX XXXXXXX XXXXXX
06/20/2024 - R	Mortgage	XXXXXXXX XXXXXXX X	XXXXXXXX XXXXXXXX XXXXXXXXXXX
07/05/2024 - R 05/15/2024 - D		XXXX XXXXXXXXX XXXXXXX XXXXXXXXX XXXXXXX	XXXXXXXX XXXXXXXX XXXXXXXXXXX
06/20/2024 - R 05/15/2024 - D	Deed and Realty Tax Fees	XXX XXXXXX XXXXXXX XXX XXXXXXXX XXXXXXX XXXXXX	XXXXXX XXXX XXXXX XXXXXXXXXXXX XX XXX
06/20/2024 - R 05/15/2024 - D	Deed No Consideration	XXXXXX XXXX XXXXX XXXXXXXXXXXX XXXXX XXXXXXXXXXXX XX XXX	XXXXXXX XXX XXXXX XXXXXXXXXXX, XXXXXXXXXX XX
06/20/2024 - R 05/15/2024 - D	Deed No Consideration	XXXXXXX XXX XXXXX XXXXXXXXXXX,XXXXXXXXX XX	XXXXXX XXXX XXXXX XXXXXXXXXXXX XX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 501-507 Mt Prospect Avenue, Newark, NJ

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2026

Property tax

$79,980

Recent tax assessments

Market value

$2,000,000

Land value

$2,000,000

More about Essex County property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Tax rate	Property tax	Y-o-Y change
2025	$2,000,000	$2,000,000	3.999	$79,980	+5.15%
2024	$2,000,000	$2,000,000	3.803	$76,060	-72.67%
2023	$7,466,200	$7,466,200	3.728	$278,340	-0.21%
2022	$7,466,200	$7,466,200	3.736	$278,937	+0.05%
2021	$7,466,200	$7,466,200	3.734	$278,788	-1.74%
2020	$7,466,200	$7,466,200	3.8	$283,716	+1.04%
2019	$7,466,200	$7,466,200	3.761	$280,804	+1.84%
2018	$7,466,200	$7,466,200	3.693	$275,727	+3.74%
2017	$7,466,200	$7,466,200	3.56	$265,797	+3.49%
2016	$7,466,200	$7,466,200	3.44	$256,837	+3.96%

Permits

Permit information for 501-507 Mt Prospect Avenue, Newark, NJ

No recently recorded permits for this property.

Neighborhood

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map

View daily traffic map

Access the detailed traffic volume map for 501-507 Mt Prospect Avenue, Newark, NJ 07104 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Schools

Nearest elementary schools

Name	Rating	Type	Grade range	No of students	Distance (miles)
Bethel Christian Academy	NR	Private	K-12	0	0.22
Robert Treat Academy Charter School	8	Charter	K-8	689	0.29
Maria L. Varisco-Rogers Charter School	6	Charter	K-8	569	0.41
Luis Munoz Marin Ele	4	Public	PK, K-8	826	0.47
Luis Munoz Marin Ele	4	Public	PK, K-8	826	0.47
Rafael Hernandez Elementary School	3	Public	PK, K-8	553	0.49
Rafael Hernandez Elementary School	3	Public	PK, K-8	553	0.49
Roberto Clemente Elementary School	4	Public	PK, K-8	753	0.57
Roberto Clemente Elementary School	4	Public	PK, K-8	753	0.57
Elliott Street Elementary School	3	Public	PK, K-8	885	0.58

Nearest middle schools

Name	Rating	Type	Grade range	No of students	Distance (miles)
Bethel Christian Academy	NR	Private	K-12	0	0.22
Robert Treat Academy Charter School	8	Charter	K-8	689	0.29
Maria L. Varisco-Rogers Charter School	6	Charter	K-8	569	0.41
Newark School Of Fashion & Design	NR	Public	9	156	0.43
Luis Munoz Marin Ele	4	Public	PK, K-8	826	0.47
Rafael Hernandez Elementary School	3	Public	PK, K-8	553	0.49
Roberto Clemente Elementary School	4	Public	PK, K-8	753	0.57
Elliott Street Elementary School	3	Public	PK, K-8	885	0.58
Abington Ave. Elementary School	4	Public	PK, K-8	837	0.71
Ridge Street Elementary School	6	Public	PK, K-8	578	0.71

Nearest high schools

Name	Rating	Type	Grade range	No of students	Distance (miles)
Bethel Christian Academy	NR	Private	K-12	0	0.22
Christ The King Prepatory School	NR	Private	9-12	210	0.43
Newark School Of Fashion & Design	NR	Public	9	156	0.43
Christ the King Preparatory School	NR	Private	9-12	0	0.43
Technology High School	8	Public	9-12	665	0.78
Kearny Christian Academy	NR	Private	PK, K-12	0	0.94
Kearny Christian Academy	NR	Private	PK-12	135	0.96
Essex Regional School	NR	Public	PK, 5-6, 12	0	0.96
Barringer High School	1	Public	9-12	1,734	1.10
Barringer Academy Of S.T.E.A.M.	NR	Public	9-12	1,263	1.11

Nearby ZIP codes for 501-507 Mt Prospect Avenue, Newark, NJ

07003, Essex County, NJ 07014, Passaic County, NJ 07017, Essex County, NJ 07028, Essex County, NJ 07031, Bergen County, NJ 07032, Hudson County, NJ 07042, Essex County, NJ 07050, Essex County, NJ 07071, Bergen County, NJ 07102, Essex County, NJ 07103, Essex County, NJ 07105, Essex County, NJ 07106, Essex County, NJ 07107, Essex County, NJ 07108, Essex County, NJ 07109, Essex County, NJ 07110, Essex County, NJ 07114, Essex County, NJ

Frequently asked questions

What is the market value of 501-507 Mt Prospect Avenue, Newark, NJ 07104?

The current market value of 501-507 Mt Prospect Avenue, Newark, NJ 07104 is $2,000,000.

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.