7 Lee Ter
Millburn, NJ 07078
5 bd 6 ba 5,206 sqft Built 1956 Lot 22,651 sqft single_family
Most recent sale
$2,850,000
Jul 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 6, 2022 | Sold | $2,850,000 | MLS #3772239 |
| Mar 30, 2022 | Listed | $2,595,000 | MLS #3772239 |
| Sep 6, 2013 | Listing removed | $5,500 | GardenState |
| Jun 13, 2013 | Listed for rent | $5,500 | GardenState |
| Jun 10, 2013 | Listing removed | $5,500 | GardenState |
| May 29, 2013 | Listed for rent | $5,500 | GardenState |
| Aug 29, 2012 | Listing removed | $5,500 | GardenState |
| Aug 1, 2012 | Listed for rent | $5,500 | GardenState |
| Jul 15, 2011 | Listing removed | $5,500 | GardenState |
| Jun 8, 2011 | Listed for rent | $5,500 | GardenState |
| Jun 2, 2011 | Listing removed | $5,500 | GardenState |
| Apr 29, 2011 | Listed for rent | $5,500 | GardenState |
| Nov 5, 2004 | Sold | $1,125,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $1,190,300 | $821,300 | $2,011,600 | $40,614 |
| 2024 | $1,190,300 | $821,300 | $2,011,600 | $39,869 |
| 2023 | $1,190,300 | $821,300 | $2,011,600 | $39,346 |
| 2022 | $1,050,200 | $821,300 | $1,871,500 | $36,363 |
| 2021 | $1,050,200 | $821,300 | $1,871,500 | $36,269 |
| 2020 | $1,050,200 | $821,300 | $1,871,500 | $36,045 |
| 2019 | $1,050,200 | $821,300 | $1,871,500 | $36,119 |
| 2018 | $1,050,200 | $821,300 | $1,871,500 | $35,595 |
| 2017 | $1,050,200 | $821,300 | $1,871,500 | $34,735 |
| 2016 | $1,038,500 | $501,700 | $1,540,200 | $33,175 |
| 2015 | $666,300 | $501,700 | $1,168,000 | $24,586 |
| 2014 | $666,300 | $501,700 | $1,168,000 | $23,546 |
| 2013 | $666,300 | $501,700 | $1,168,000 | $22,589 |
| 2012 | $666,300 | $501,700 | $1,168,000 | $22,180 |
| 2010 | $666,300 | $501,700 | $1,168,000 | $20,953 |
| 2009 | $666,300 | $501,700 | $1,168,000 | $20,498 |
| 2008 | $666,300 | $501,700 | $1,168,000 | $19,493 |
| 2007 | $666,300 | $501,700 | $1,168,000 | $18,454 |
Property facts
Year built
1956
Property type
single_family
Stories
—
Beds
5
Baths
6
Living area
5,206 sqft
Lot size
22,651 sqft
ZIP code
07078
City
Millburn
Street
Lee Ter
Coordinates
40.73974, -74.33218
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$17,100
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 7 Lee Ter last sell?
7 Lee Ter most recently sold on Jul 6, 2022 for $2,850,000.
What is the current tax assessment for 7 Lee Ter?
The most recent total assessment for 7 Lee Ter (year 2025) is $2,011,600 with $40,614 in property tax.
How does 7 Lee Ter's assessment compare to its last sale price?
The current assessment is 29.4% below the last sale price of $2,850,000.
When was 7 Lee Ter built?
7 Lee Ter was built in 1956.
How does 7 Lee Ter compare to others on Lee Ter?
We track 2 other properties on Lee Ter. Browse the list under "Other properties on Lee Ter" to compare beds, baths, and sale history.
What are the property facts for 7 Lee Ter?
7 Lee Ter is a 5 bed, 6 bath, 5,206 sqft, 22,651 sqft lot single_family.
Is 7 Lee Ter a flip candidate?
No — 7 Lee Ter does not appear in our flips dataset.
Is 7 Lee Ter a tax-appeal candidate?
No — 7 Lee Ter is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+4.1%
Implied 1-yr
+16.2%
2026 Q3
$3.76M
2026 Q4
$3.88M
ZIP 07078 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lee Ter