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363-377 Mount Prospect Ave #1B, Newark, NJ, 07104

1beds
1baths
--sqft
$310,000
--price/sqft
$2,505/moest. monthly cost
$100,200/yrincome needed

About This Home

Discover this spacious, sun-filled one-bedroom condo with classic pre-war charm in the historic Mt Prospect Manor building. Situated in Newark's Forest Hills neighborhood, you're just a quick seven-minute drive to either Broad St train station or Branch Brook Park Light Rail, grocery stores, restaurants and shops. One-of-a-kind opportunity to enjoy New York views as well as original architectural features, high ceilings, updated kitchen and a working wood burning fireplace. The building offers an on-sight gym, storage room, laundry room and a deeded parking spot. Come and take a look for yourself and start making plans to call this place home! Sold AS IS

Getting Around

80
WalkingVery Walkable
68
TransitGood Transit
25
BikeSomewhat Bikeable

Schools

8/10
Technology High SchoolGrades 9-120.5 mi
1/10
Barringer High SchoolGrades 9-120.8 mi

Construction

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Basement

  • Has basement: Yes
  • Basement: Finished,Walk-Out Access,Storage

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Elevator,One Floor Living

Property

Features

  • Waterfront features: None

Parking

  • Total spaces: 1
  • Parking features: Garage
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Cold Wave
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,567$18,804
Home Insurance *$203$2,436
Property Taxes $542$6,504
Electricity $193$2,318
Total$2,505$30,060
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$85,885/yr
40% on housing$75,150/yr
45% on housing$66,800/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07104$316
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07104$299
Essex County$391

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-11Price change$325,000
2026-01-25Listed for sale$340,000

For Sale by Agent

AgentMaatie Alcindor
BrokerageElite Realtors of New Jersey

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