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14 Highview Terrace

14 Highview Terrace, Madison, NJ 07940
Property in Morris
Sold Feb 05, 2021
$1,625,000
$1,300,000 by Magyar Bank
Mortgage Due Feb 01, 2051
Sold Jul 18, 2011
$680,000
14 Highview Terrace in Madison, NJ was first built in 2015 and is 9 years old. This has been categorized as a residential property type. 14 Highview Terrace has 4,981 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 940 ft and the linear feet between the front and back of the lot is 1,820. In total, the area measurement of the land is 17,106 square feet.

Learn more about the property and building on this page. The property was last sold in Oct 29, 2020 for $1,625,000. That's $326.24 per sqft. Prior to that sales transaction, the property was also sold in Jul 11, 2011 for $680,000. 14 Highview Terrace was last assessed in 2023. The total value of the property was assessed at $1,540,100. Specifically, the land the property is located on was valued at $500,000. While improvements on the property were assessed at a total of $1,040,100. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $31,711. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 17,106
  • Lot Size Depth Feet: 1,820
  • Lot Size Frontage Feet: 940
  • Total Building Area: 4,981
  • Building Area: 4,981
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,981
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.393
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : AMOROSA JOHN F
  • Current Owner 2: AMOROSA TARAH L
  • Previous Owner : MELCHIORRE ANTHONY R
  • Previous Owner 2: MELCHIORRE ANDREA
  • Owner Before Previous Owner: TABER LAURENCE G
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Madison Borough School District
  • Census Tract: 043100

Zoning

  • Zoning: R-2

Geography

  • District: 17
  • Parcel: 17 04401-0000-00003
  • Block: 4401
  • Lot: 3
  • Municipality: MADISON BORO
  • Latitude: 40.7514
  • Longitude: -74.4276

    Address

  • Full Address: 14 Highview Ter
  • Address - House Number: 14
  • Address - Street Name: Highview
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Madison
  • Carrier Code: C009
  • 4-Digit Zip Code: 2502
  • Zip Code: 07940

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $31,711

    Appraisal Valuation

  • Standard Deviation: 0.1988
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 73
  • Final Value: 2,035,385
  • High Value: 2,440,150
  • Low Value: 1,630,621

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $1,625,000
  • First Open Lien Mortgage Lender: MAGYAR BANK
  • First Open Lien Mortgage Recording Date: Feb 05, 2021
  • First Open Lien Mortgage Loan Amount: $1,300,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051
  • Second Open Lien Mortgage Lender: MAGYAR BANK
  • Second Open Lien Mortgage Recording Date: Feb 05, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $162,500
  • Second Open Lien Mortgage Term: 298
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jan 08, 2046
  • Third Open Lien Mortgage Lender: MAGYAR BANK
  • Third Open Lien Mortgage Recording Date: Feb 17, 2021
  • Third Open Lien Mortgage Financing Type: Variable
  • Third Open Lien Mortgage Loan Amount: $162,500
  • Third Open Lien Mortgage Term: 298
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Third Open Lien Mortgage Loan Due Date: Jan 08, 2046

    Market Valuation

  • Market Total Value: $1,888,998
  • Market Land Value: $613,271
  • Market Improvement Value: $1,275,727

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,540,100
  • Assessed Land Value: $500,000
  • Assessed Improvements Value: $1,040,100

    Sales

  • Current Sale Contract Date: Oct 29, 2020
  • Current Sale Recording Date: Feb 05, 2021
  • Current Sale Transaction ID: 11824997411
  • Current Sale Price: $1,625,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021010123
  • Previous Sale Recording Date: Jul 18, 2011
  • Previous Sale Contract Date: Jul 11, 2011
  • Previous Sale Amount: $680,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MAGYAR BANK
  • First Mortgage Transaction Date: Feb 05, 2021
  • First Mortgage Loan Amount: $1,300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

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Frequently Asked Questions

What neighborhood is 14 Highview Terrace located in?
The 14 Highview Terrace is a located in the neighborhood of Morris in Madison, Madison.
What is the average sales price for listings in 14 Highview Terrace?
The average sales price for units in 14 Highview Terrace is $0 currently.

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