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306 Terhune Avenue

306 Terhune Avenue, Passaic, NJ 07055
Property in Passaic
Sold Jan 04, 1994
$149,000
$119,000 by Chase Mortgage
Mortgage
306 Terhune Avenue has been categorized by the local assessors in Passaic, NJ as a residential type of property. The building on the property was first built in 1920 and is 104 years old. The building has a total of 2 stories. In addition, 306 Terhune Avenue has 3,323 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 1,690 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 8,450 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 306 Terhune Avenue sold most recently in Oct 27, 1993 for a total of $149,000. If you work out the math, that's approximately a cost of $44.84 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $16,664 in taxes each year. 306 Terhune Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $454,800. If we break it down further, the land itself was valued at $217,700. Improvements to the property, however, were assessed at a total of $237,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,450
  • Lot Size Depth Feet: 1,690
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,323
  • Building Area: 3,323
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,323
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.194
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : GELMAN ARIEH
  • Current Owner 2: GELMAN RACHEL
  • Previous Owner : SIMON LEE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Passaic City School District
  • Census Tract: 175601

Geography

  • District: 07
  • Parcel: 07 03318- 02-00050
  • Block: 3318.02
  • Lot: 50
  • Municipality: PASSAIC CITY
  • Latitude: 40.8428
  • Longitude: -74.1373

    Address

  • Full Address: 306 Terhune Ave
  • Address - House Number: 306
  • Address - Street Name: Terhune
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Passaic
  • Carrier Code: C024
  • 4-Digit Zip Code: 3350
  • Zip Code: 07055

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,664

    Appraisal Valuation

  • Standard Deviation: 0.174
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 77
  • Final Value: 818,102
  • High Value: 960,490
  • Low Value: 675,715

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $119,000
  • First Open Lien Mortgage Lender: CHASE MORTGAGE
  • First Open Lien Mortgage Recording Date: Jan 04, 1994
  • First Open Lien Mortgage Loan Amount: $119,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Market Valuation

  • Market Total Value: $454,800
  • Market Land Value: $217,700
  • Market Improvement Value: $237,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $454,800
  • Assessed Land Value: $217,700
  • Assessed Improvements Value: $237,100

    Sales

  • Current Sale Contract Date: Oct 27, 1993
  • Current Sale Recording Date: Jan 04, 1994
  • Current Sale Transaction ID: 1062576624
  • Current Sale Price: $149,000
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CHASE MORTGAGE
  • First Mortgage Transaction Date: Jan 04, 1994
  • First Mortgage Loan Amount: $119,000
  • First Mortgage Terms: 360

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Frequently Asked Questions

What neighborhood is 306 Terhune Avenue located in?
The 306 Terhune Avenue is a located in the neighborhood of Passaic in Passaic, Passaic.
What is the average sales price for listings in 306 Terhune Avenue?
The average sales price for units in 306 Terhune Avenue is $0 currently.

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