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47 Rose Terrace

47 Rose Terrace, Chatham, NJ 07928
Property in Morris
Sold Jul 05, 2016
$1,650,000
$1,485,000 by Citibank Na
Mortgage Due Jun 01, 2046
Sold Sep 01, 2015
$765,000
47 Rose Terrace has been categorized by the local assessors in Chatham, NJ as a residential type of property. The building on the property was first built in 1955 and is 69 years old. In addition, 47 Rose Terrace has 3,515 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 19,820 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. 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, 47 Rose Terrace was last sold in May 19, 2016 for $1,650,000. According to our calculations, that's $469.42 per sqft. Prior to that sales transaction, the property was sold for $765,000 in Aug 2, 2015. Current property owners are expected to pay $30,408 in taxes per year. The property on 47 Rose Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,554,600. To break that down further, the land itself was valued at $525,500. While improvements to the property were assessed at a total of $1,029,100. 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. 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.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: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,820
  • Total Building Area: 3,515
  • Building Area: 3,515
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,515
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.455
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LALLA VEJAY G
  • Current Owner 2: LALLA SAPNA S
  • Previous Owner : ROSE TERRACE PARTNERS LLC
  • Owner Before Previous Owner: JJM & HKM HOLDING LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: The Chathams School District
  • Census Tract: 043900

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 60
  • Account Number: 5504
  • District: 05
  • Parcel: 05 00092-0000-00003
  • Block: 92
  • Lot: 3
  • Municipality: CHATHAM TWP
  • Latitude: 40.7385
  • Longitude: -74.3991

    Address

  • Full Address: 47 Rose Ter
  • Address - House Number: 47
  • Address - Street Name: Rose
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Chatham
  • Carrier Code: C015
  • 4-Digit Zip Code: 2069
  • Zip Code: 07928

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $30,408

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 2,005,011
  • High Value: 2,343,141
  • Low Value: 1,666,881

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $2,722,418
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Jul 05, 2016
  • First Open Lien Mortgage Loan Amount: $1,485,000
  • 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: Jun 01, 2046
  • Second Open Lien Mortgage Lender: TD BANK NA
  • Second Open Lien Mortgage Recording Date: Aug 08, 2022
  • Second Open Lien Mortgage Loan Amount: $440,914
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 25, 2052
  • Third Open Lien Mortgage Lender: TD BANK NA
  • Third Open Lien Mortgage Recording Date: Feb 05, 2024
  • Third Open Lien Mortgage Loan Amount: $796,504
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Third Open Lien Mortgage Loan Due Date: Jan 15, 2054

    Market Valuation

  • Market Total Value: $1,910,297
  • Market Land Value: $645,736
  • Market Improvement Value: $1,264,561

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,554,600
  • Assessed Land Value: $525,500
  • Assessed Improvements Value: $1,029,100

    Sales

  • Current Sale Contract Date: May 19, 2016
  • Current Sale Recording Date: Jul 05, 2016
  • Current Sale Transaction ID: 1812057182
  • Current Sale Price: $1,650,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2016039113
  • Previous Sale Recording Date: Sep 01, 2015
  • Previous Sale Contract Date: Aug 02, 2015
  • Previous Sale Amount: $765,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Jul 05, 2016
  • First Mortgage Loan Amount: $1,485,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2046

About Morris



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Frequently Asked Questions

What neighborhood is 47 Rose Terrace located in?
The 47 Rose Terrace is a located in the neighborhood of Morris in Morris, Chatham.
What is the average sales price for listings in 47 Rose Terrace?
The average sales price for units in 47 Rose Terrace is $0 currently.

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