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47 Elm Terrace

47 Elm Terrace, Flemington, NJ 08822
Property in Hunterdon
Sold Feb 27, 2023
$425,000
$1,670,000 by Unity Bank
Mortgage Due Feb 27, 2053
Sold Oct 23, 2020
$353,000
$280,000 by Weichert Financial Services
Mortgage Due Oct 01, 2050
Local assessors in Flemington, NJ have categorized 47 Elm Terrace as a residential type of property. The home was built in 1987 and is 37 years old. The property's lot size has been calculated to be 3,803 square feet. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 47 Elm Terrace has a total of 1,756 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in Feb 16, 2023 for $425,000. That's $242.03 per sqft. Prior to that sales transaction, the property was also sold in Sep 16, 2020 for $353,000. 47 Elm Terrace was last assessed in 2023. The total value of the property was assessed at $280,700. Specifically, the land the property is located on was valued at $110,000. While improvements on the property were assessed at a total of $170,700. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $7,646. 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: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,803
  • Total Building Area: 1,756
  • Building Area: 1,756
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,756
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.087
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : FRANK DRORA
  • Previous Owner : BETHUNE KAREN R
  • Owner Before Previous Owner: REYNOLDS CAROLYN
  • Owner Before Previous Owner 2: REYNOLDS DAVID
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hunterdon Central Regional School District
  • Census Tract: 011303

Zoning

  • Zoning: R-5

Geography

  • Assessors Map Reference: TAX MAP 1410
  • District: 21
  • Parcel: 21 00072- 07-00047
  • Block: 72.07
  • Lot: 47
  • Municipality: RARITAN TWP
  • Latitude: 40.4908
  • Longitude: -74.8338

    Address

  • Full Address: 47 Elm Ter
  • Address - House Number: 47
  • Address - Street Name: Elm
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Flemington
  • Carrier Code: R007
  • 4-Digit Zip Code: 3172
  • Zip Code: 08822

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,646

    Appraisal Valuation

  • Standard Deviation: 0.163
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 465,803
  • High Value: 541,734
  • Low Value: 389,872

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,860,000
  • First Open Lien Mortgage Lender: UNITY BANK
  • First Open Lien Mortgage Recording Date: Feb 27, 2023
  • First Open Lien Mortgage Loan Amount: $1,670,000
  • 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 27, 2053
  • Second Open Lien Mortgage Lender: UNITY BANK
  • Second Open Lien Mortgage Recording Date: Feb 27, 2023
  • Second Open Lien Mortgage Loan Amount: $190,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Feb 27, 2053

    Market Valuation

  • Market Total Value: $280,700
  • Market Land Value: $110,000
  • Market Improvement Value: $170,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $280,700
  • Assessed Land Value: $110,000
  • Assessed Improvements Value: $170,700

    Sales

  • Current Sale Contract Date: Feb 16, 2023
  • Current Sale Recording Date: Feb 27, 2023
  • Current Sale Transaction ID: 11903951962
  • Current Sale Price: $425,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 31970
  • Previous Sale Recording Date: Oct 23, 2020
  • Previous Sale Contract Date: Sep 16, 2020
  • Previous Sale Amount: $353,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITY BANK
  • First Mortgage Transaction Date: Feb 27, 2023
  • First Mortgage Loan Amount: $1,670,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • Second Mortgage Lender: UNITY BANK
  • Second Mortgage Transaction Date: Feb 27, 2023
  • Second Mortgage Loan Amount: $190,000
  • Second Mortgage Loan Due Date: Mar 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: WEICHERT FINANCIAL SERVICES
  • Previous Mortgage Transaction Date: Oct 23, 2020
  • Previous Mortgage Loan Amount: $280,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2050

About Hunterdon



Similar Buildings

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Nearby Rentals

Unit for rent at 26 Elm Ter, Raritan Twp., NJ, 08822-3170

$2,900 /mo

  • 3 Beds
  • 2.5 Baths
26 Elm Ter, Raritan Twp., NJ, 08822-3170 Listing by ALIYA ASSASSAH

Frequently Asked Questions

What neighborhood is 47 Elm Terrace located in?
The 47 Elm Terrace is a located in the neighborhood of Hunterdon in Hunterdon, Flemington.
What is the average sales price for listings in 47 Elm Terrace?
The average sales price for units in 47 Elm Terrace is $0 currently.

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