Essex County  »  07104  »  MT Prospect Ave  »  492-494 MT Prospect Ave

492-494 Mt Prospect Avenue, Newark, NJ 07104 - Property report

Also known as: 492-494 MT Prospect Ave

Property image for 492-494 Mt Prospect Avenue, Newark, NJ 07104
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Property type

Commercial (4A)

Year built

1920

Acreage

0.188

Sale price

$190,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
492-494 Mt Prospect Avenue
ZIP code
07104
County
Essex
Block
673
Lot
21
Neighborhood
Forest Hill
Municipality
714
Qualifier
Parcel ID
673-21

Owner

Find out who owns 492-494 Mt Prospect Avenue, Newark, NJ 07104. Uncover corporate and individual owners with a free account.

Sales
Sale date
01/23/1997
Sale price
$190,000
Arm's length
Tax
Tax year
2026
Current property tax
$8,746
Building
Property type
Commercial (4A)
Building sq. ft.
4,695
Stories
2.5
Year built
1920
Exterior structural material
Lot
Acreage
0.188
Zoning & Use
Zoning
Qualified opportunity zone

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 492-494 Mt Prospect Avenue, Newark, NJ

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 492-494 Mt Prospect Avenue, Newark, NJ 07104

Sale date Sale price Buyer name Seller name
01/23/1997 $190,000

*Most recent sale on record for this property.

More about Essex County property records.

Title documents

Date Type Amount Party 1 Party 2 Doc #
01/23/1997 - D Deed and Realty Tax Fees

*Most recent recorded document on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 492-494 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
$8,746
Recent tax assessments
Market value
$218,700
Land value
$32,400
Building value
$186,300

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 $218,700 $218,700 3.999 $8,746 +5.15%
2024 $218,700 $218,700 3.803 $8,317 +2.01%
2023 $218,700 $218,700 3.728 $8,153 -0.21%
2022 $218,700 $218,700 3.736 $8,171 +0.05%
2021 $218,700 $218,700 3.734 $8,166 -1.74%
2020 $218,700 $218,700 3.8 $8,311 -12.80%
2019 $253,400 $253,400 3.761 $9,530 +1.84%
2018 $253,400 $253,400 3.693 $9,358 +3.74%
2017 $253,400 $253,400 3.56 $9,021 +3.49%
2016 $253,400 $253,400 3.44 $8,717 +3.96%
Permits

Permit information for 492-494 Mt Prospect Avenue, Newark, NJ

No recently recorded permits for this property.

Neighborhood

Demographics by ZIP code

Total population
52,266
Median age
36.5
Average household income
$74,052
Family households
60.7%
People per household (average)
2.55
Occupied housing units
20,207
Owner-occupied units
28.4%
Median year structure built
1964
Median value mortgaged units
$409,400
Median value unmortgaged units
$265,700

Risk

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FEMA flood zones

FEMA flood zones
X

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map
View daily traffic map

Access the detailed traffic volume map for 492-494 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.

Neighbors for 492-494 Mt Prospect Avenue, Newark, NJ

482-486 MT Prospect Ave, Newark 85 Riverside Ave, Newark 537-539 Clifton Ave, Newark 496-502 MT Prospect Ave, Newark 548-552 Clifton Ave, Newark 549-551 Clifton Ave, Newark 553-555 Clifton Ave, Newark 184-188 Ballantine Pkwy, Newark 534-536 Clifton Ave, Newark 542-546 Clifton Ave, Newark 488-490 MT Prospect Ave, Newark 508-510 MT Prospect Ave, Newark 554-556 Clifton Ave, Newark 545-547 Clifton Ave, Newark 538-540 Clifton Ave, Newark 533-535 Clifton Ave, Newark 541-543 Clifton Ave, Newark 504-506 MT Prospect Ave, Newark 176-182 Ballantine Pkwy, Newark 190-196 Ballantine Pkwy, Newark

Nearby ZIP codes for 492-494 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 year built for 492-494 Mt Prospect Avenue, Newark, NJ 07104?

The development at 492-494 Mt Prospect Avenue, Newark, NJ 07104 was built in 1920.

What is the total square footage of 492-494 Mt Prospect Avenue, Newark, NJ 07104?

492-494 Mt Prospect Avenue, Newark, NJ 07104 has a total of 4,695 square feet.

When was 492-494 Mt Prospect Avenue, Newark, NJ 07104 last sold and what was the sale price?

492-494 Mt Prospect Avenue, Newark, NJ 07104 was last sold on 01/23/1997 for $190,000.

What is the assessed value of 492-494 Mt Prospect Avenue, Newark, NJ 07104?

492-494 Mt Prospect Avenue, Newark, NJ 07104 is currently assessed at $218,700.

What are the property taxes for 492-494 Mt Prospect Avenue, Newark, NJ 07104?

The property taxes for 492-494 Mt Prospect Avenue, Newark, NJ 07104 total $8,745.

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