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243 Terrace Lake Drive

243 Terrace Lake Drive, Butler, NJ 07405
Property in Morris
Sold Aug 28, 2013
$360,000
$200,000 by Investors Home Mortgage
Mortgage Due Sep 01, 2028
Sold Aug 05, 2010
$350,000
243 Terrace Lake Drive has been categorized by the local assessors in Butler, NJ as a residential type of property. The building on the property was first built in 2001 and is 23 years old. The building has a total of 3 stories. In addition, 243 Terrace Lake Drive has 1,944 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,192 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a style that we are currently unable to determine.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The exterior walls of the building are made of alum/vinyl siding. The property was last sold in Aug 21, 2013 for $360,000. That's $185.19 per sqft. Prior to that sales transaction, the property was also sold in Jul 27, 2010 for $350,000. 243 Terrace Lake Drive was last assessed in 2023. The total value of the property was assessed at $367,900. Specifically, the land the property is located on was valued at $175,000. While improvements on the property were assessed at a total of $192,900. 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 $9,764. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Building Style: Other
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,192
  • Total Building Area: 1,944
  • Building Area: 1,944
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,944
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.119
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : DEANGELIS KENNETH B
  • Current Owner 2: DEANGELIS DIANA
  • Previous Owner : PECKHAM KELLY ANNE
  • Previous Owner 2: MEADOWS CHRISTOPHER
  • Owner Before Previous Owner: EDWARDS JOSEPHINE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Butler Borough School District
  • Census Tract: 040600

Geography

  • Assessors Map Reference: TAX MAP 1
  • District: 03
  • Parcel: 03 00101- 03-00005
  • Block: 101.03
  • Lot: 5
  • Municipality: BUTLER BORO
  • Latitude: 41.0105
  • Longitude: -74.3598

    Address

  • Full Address: 243 Terrace Lake Dr
  • Address - House Number: 243
  • Address - Street Name: Terrace Lake
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Butler
  • Carrier Code: C006
  • 4-Digit Zip Code: 3253
  • Zip Code: 07405

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,764

    Appraisal Valuation

  • Standard Deviation: 0.2116
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 71
  • Final Value: 529,990
  • High Value: 642,143
  • Low Value: 417,838

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $260,000
  • First Open Lien Mortgage Lender: INVESTORS HOME MORTGAGE
  • First Open Lien Mortgage Recording Date: Aug 28, 2013
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2028
  • Second Open Lien Mortgage Lender: INVESTORS BANK
  • Second Open Lien Mortgage Recording Date: Mar 29, 2019
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $60,000
  • Second Open Lien Mortgage Term: 300
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Apr 10, 2044

    Market Valuation

  • Market Total Value: $377,217
  • Market Land Value: $179,432
  • Market Improvement Value: $197,785

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $367,900
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $192,900

    Sales

  • Current Sale Contract Date: Aug 21, 2013
  • Current Sale Recording Date: Aug 28, 2013
  • Current Sale Transaction ID: 1102718293
  • Current Sale Price: $360,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2013070815
  • Previous Sale Recording Date: Aug 05, 2010
  • Previous Sale Contract Date: Jul 27, 2010
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: INVESTORS HOME MORTGAGE
  • First Mortgage Transaction Date: Aug 28, 2013
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2028

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Frequently Asked Questions

What neighborhood is 243 Terrace Lake Drive located in?
The 243 Terrace Lake Drive is a located in the neighborhood of Morris in Butler, Butler.
What is the average sales price for listings in 243 Terrace Lake Drive?
The average sales price for units in 243 Terrace Lake Drive is $0 currently.

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