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1861 Long Terrace

1861 Long Terrace, Union, NJ 07083
Property in Union
Sold Jun 02, 2021
$415,000
$407,483 by Crosscountry Mortgage Llc
Mortgage Due Jun 01, 2051
1861 Long Terrace has been categorized by the local assessors in Union, NJ as a residential type of property. The building on the property was first built in 1940 and is 84 years old. The building has a total of 2 stories. In addition, 1861 Long Terrace has 1,872 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,039 ft and across the front of the lot is 505 ft. The area measurement of the land has been determined as 5,249 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Cape Cod style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1861 Long Terrace was last sold in May 15, 2021 for $415,000. According to our calculations, that's $221.69 per sqft. Current property owners are expected to pay $10,336 in taxes per year. The property on 1861 Long Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $47,700. To break that down further, the land itself was valued at $20,400. While improvements to the property were assessed at a total of $27,300. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,249
  • Lot Size Depth Feet: 1,039
  • Lot Size Frontage Feet: 505
  • Total Building Area: 1,872
  • Building Area: 1,872
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,872
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.121
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PERCY MARIA V
  • Current Owner 2: VASQUEZ KAITLYN
  • Previous Owner : VELTRE GAIL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Union Township School District
  • Census Tract: 033100

Geography

  • District: 19
  • Parcel: 19 02206-0000-00004
  • Block: 2206
  • Lot: 4
  • Municipality: UNION TWP
  • Latitude: 40.7028
  • Longitude: -74.2602

    Address

  • Full Address: 1861 Long Ter
  • Address - House Number: 1861
  • Address - Street Name: Long
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Union
  • Carrier Code: C048
  • 4-Digit Zip Code: 5404
  • Zip Code: 07083

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,336

    Appraisal Valuation

  • Standard Deviation: 0.2163
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 524,323
  • High Value: 637,750
  • Low Value: 410,895

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $488,210
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jun 02, 2021
  • First Open Lien Mortgage Loan Amount: $407,483
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051
  • Second Open Lien Mortgage Lender: US SMALL BUSINESS ADMINISTRATI
  • Second Open Lien Mortgage Recording Date: Feb 25, 2022
  • Second Open Lien Mortgage Loan Amount: $49,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: SBA Participation Trust Deed
  • Second Open Lien Mortgage Loan Due Date: Jan 10, 2052
  • Third Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Third Open Lien Mortgage Recording Date: Dec 20, 2023
  • Third Open Lien Mortgage Loan Amount: $31,227
  • Third Open Lien Mortgage Term: 329
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: New Conventional
  • Third Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $47,700
  • Market Land Value: $20,400
  • Market Improvement Value: $27,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,700
  • Assessed Land Value: $20,400
  • Assessed Improvements Value: $27,300

    Sales

  • Current Sale Contract Date: May 15, 2021
  • Current Sale Recording Date: Jun 02, 2021
  • Current Sale Transaction ID: 11838276136
  • Current Sale Price: $415,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 5311

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Mortgage Transaction Date: Jun 02, 2021
  • First Mortgage Loan Amount: $407,483
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2051

About Union



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Frequently Asked Questions

What neighborhood is 1861 Long Terrace located in?
The 1861 Long Terrace is a located in the neighborhood of Union in Union, Union.
What is the average sales price for listings in 1861 Long Terrace?
The average sales price for units in 1861 Long Terrace is $0 currently.

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