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40 Woodlawn Terrace

40 Woodlawn Terrace, Lake Hopatcong, NJ 07849
Property in Morris
Sold Jan 20, 2021
$369,000
$209,000 by Weichert Financial Services
Mortgage Due Jan 01, 2051
Sold Jun 19, 1992
$183,000
40 Woodlawn Terrace has been categorized by the local assessors in Lake Hopatcong, NJ as a residential type of property. The building on the property was first built in 1968 and is 56 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 40 Woodlawn Terrace has 2,017 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 1,950 ft and across the front of the lot is 1,250 ft. The area measurement of the land has been determined as 24,394 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. For the features and amenities located on the property. There is a garage for those who require parking. 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, 40 Woodlawn Terrace was last sold in Dec 29, 2020 for $369,000. According to our calculations, that's $182.94 per sqft. Prior to that sales transaction, the property was sold for $183,000 in Jun 19, 1992. Current property owners are expected to pay $8,556 in taxes per year. The property on 40 Woodlawn Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $292,400. To break that down further, the land itself was valued at $127,000. While improvements to the property were assessed at a total of $165,400. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.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: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 24,394
  • Lot Size Depth Feet: 1,950
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 2,017
  • Building Area: 2,017
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,017
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.56
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : BESSEMER JASON
  • Current Owner 2: BESSEMER LINDSAY
  • Previous Owner : GREENE KENNETH M
  • Previous Owner 2: GREENE ELIZABETH M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Jefferson Township School District
  • Census Tract: 044702

Zoning

  • Zoning: R-30

Geography

  • Assessors Map Reference: TAX MAP 14
  • Account Number: 02202730
  • District: 14
  • Parcel: 14 00128-0000-00040
  • Block: 128
  • Lot: 40
  • Municipality: JEFFERSON TWP
  • Latitude: 40.9687
  • Longitude: -74.6055

    Address

  • Full Address: 40 Woodlawn Ter
  • Address - House Number: 40
  • Address - Street Name: Woodlawn
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Lake Hopatcong
  • Carrier Code: R001
  • 4-Digit Zip Code: 1324
  • Zip Code: 07849

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,556

    Appraisal Valuation

  • Standard Deviation: 0.1802
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 76
  • Final Value: 500,399
  • High Value: 590,599
  • Low Value: 410,199

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $209,000
  • First Open Lien Mortgage Lender: WEICHERT FINANCIAL SERVICES
  • First Open Lien Mortgage Recording Date: Jan 20, 2021
  • First Open Lien Mortgage Loan Amount: $209,000
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $317,930
  • Market Land Value: $138,089
  • Market Improvement Value: $179,841

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $292,400
  • Assessed Land Value: $127,000
  • Assessed Improvements Value: $165,400

    Sales

  • Current Sale Contract Date: Dec 29, 2020
  • Current Sale Recording Date: Jan 20, 2021
  • Current Sale Transaction ID: 11822774490
  • Current Sale Price: $369,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021005070
  • Previous Sale Recording Date: Jun 19, 1992
  • Previous Sale Contract Date: Jun 19, 1992
  • Previous Sale Amount: $183,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WEICHERT FINANCIAL SERVICES
  • First Mortgage Transaction Date: Jan 20, 2021
  • First Mortgage Loan Amount: $209,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

About Morris



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Frequently Asked Questions

What neighborhood is 40 Woodlawn Terrace located in?
The 40 Woodlawn Terrace is a located in the neighborhood of Morris in Morris, Lake Hopatcong.
What is the average sales price for listings in 40 Woodlawn Terrace?
The average sales price for units in 40 Woodlawn Terrace is $0 currently.

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