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7 Prospect Street, Far Hills, NJ 07931 Property Information

7 Prospect Street, Far Hills, NJ 07931 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Neighborhood
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7 Prospect Street, Far Hills, NJ 07931
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Address

Primary address 7 Prospect Street, Far Hills
Zip code 07931
County Somerset
Municipality Far Hills Borough
Block 10
Lot 5

Sales & Tax Overview for 7 Prospect Street, Far Hills

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

Sale date 08/07/2001
Sale price $354,900
Arm's length
Current property tax $7,955

Lot & Building Information for 7 Prospect Street, Far Hills

Building sqft 1,648
Building class Residential (2)
Acreage 0.11
Year built 1910
Stories 2
Exterior structural material
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district Village Residential (R-5)
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 Street, Far Hills

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About 7 Prospect Street, Far Hills

What is the year built & the total sq. ft. for 7 Prospect Street, Far Hills, NJ 07931?

7 Prospect Street, Far Hills, NJ 07931 was built in 1910 and has a total of 1,648 square feet.

What is the assessed value of 7 Prospect Street, Far Hills, NJ 07931 and the property tax paid?

Assessed at $641,500, the tax amount paid for 7 Prospect Street, Far Hills, NJ 07931 is $7,441.

When was 7 Prospect Street, Far Hills, NJ 07931 last sold and what was the last sale price?

7 Prospect Street, Far Hills, NJ 07931 was last sold in 08/07/2001 for $354,900.

Ownership Information

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Real Estate Reports:
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.
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.
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 Street, Far Hills

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Purchase date Purchase price Buyer name Seller name
08/07/2001 $354,900

Title Documents for 7 Prospect Street, Far Hills

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Date Amount Grantor Grantee Document
08/07/2001 - D
         
         
         
         
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R: Recorded date
D: Document date

Property Taxes for 7 Prospect Street, Far Hills

Access detailed property tax data for 7 Prospect Street, Far Hills, NJ 07931. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025
Base tax $8,205
Current property tax $7,955
Market value $641,500

Assessment History for 7 Prospect Street, Far Hills

Here's the assessment & property tax history for 7 Prospect Street, Far Hills, 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
2024 $589,000 $589,000 1.279 $7,533 +3.96%
2023 $549,400 $549,400 1.319 $7,247 +2.49%
2022 $532,800 $532,800 1.327 $7,070 +1.87%
2021 $516,000 $516,000 1.345 $6,940 -0.88%
2020 $516,000 $516,000 1.357 $7,002 +2.81%

Risk

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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 Street, Far Hills to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

View daily traffic map

Schools

Nearest elementary schools

Name Rating Type Grade range No of students Distance to school (mi)
Bedminster Township Elementary School 8 Public PK, K-8 452 0.56
Bedminster Township Elementary School 8 Public PK, K-8 452 0.56
Far Hills Country Day School NR Private PK-8 276 1.33
Far Hills Country Day School NR Private PK-8 276 1.33
Everitt Academy NR Private PK, K-6 0 2.13

Nearest middle schools

Name Rating Type Grade range No of students Distance to school (mi)
Bedminster Township Elementary School 8 Public PK, K-8 452 0.56
Far Hills Country Day School NR Private PK-8 276 1.33
Matheny School NR Private PK-12 38 2.44
Somerset Hills Learning Institute NR Private PK-12 30 2.92
The Willow School NR Private PK-8 116 3.19

Nearest high schools

Name Rating Type Grade range No of students Distance to school (mi)
Matheny School NR Private PK-12 38 2.44
Somerset Hills Learning Institute NR Private PK-12 30 2.92
Gill St. Bernard's School NR Private PK-12 635 3.25
Montgomery Academy NR Private 3-12 0 3.35
Bonnie Brae School NR Private 7-12 83 3.43

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 7 Prospect Street, Far Hills

Here are the neighbors for 7 Prospect Street, Far Hills.

Address Square feet Purchase date Purchase price
11 Prospect St, Far Hills 1,536 03/13/2019 $469,000
26 Peapack Rd, Far Hills 4,880 12/14/2016 $997,000
11 Spring St, Far Hills 1,236 12/30/2013 $320,000
5 Spring St, Far Hills 1,452 06/06/2019 $375,000
14 Spring St, Far Hills 1,423 07/24/2002
6 Prospect St, Far Hills 7,982
9 Prospect St, Far Hills 2,288 03/06/2009 $307,500
5 Prospect St, Far Hills 1,744 11/07/2013 $526,000
9 Spring St, Far Hills 1,228 06/14/2022 $535,000
30 Peapack Rd, Far Hills 1,006 11/24/2021 $525,000
22 Peapack Rd, Far Hills 1,673 09/25/2014 $415,000
10 Spring St, Far Hills 1,553 02/16/2011 $355,000
13 Prospect St, Far Hills 1,482 06/28/1995 $168,000
17 Prospect St, Far Hills 1,882 05/27/2009 $10
16 Spring St, Far Hills 1,152 07/14/2017 $440,000
12 Spring St, Far Hills 1,482 03/14/2005 $393,500
6 Spring St, Far Hills 5,367 05/23/1989 $1
24 Peapack Rd, Far Hills 2,100 04/24/2015 $582,500
7 Spring St, Far Hills 1,005 12/06/2024 $509,000
34 Peapack Rd, Far Hills 5,752 07/26/2010 $1

Nearby ZIP Codes for 7 Prospect Street, Far Hills

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