49 Midwood Terrace

Local assessors in Madison, NJ have categorized 49 Midwood Terrace as a residential type of property. The home was built in 1920 and is 104 years old. The property's lot size has been calculated to be 68,202 square feet. The linear feet between the front and back of the lot was measured at 4,400 ft and the front of the lot was measured at 1,550 ft. This is a 3 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 49 Midwood Terrace has a total of 5,450 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. 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 other control joints. Lots of stucco were used in the construction of the exterior walls of the home. 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, 49 Midwood Terrace sold most recently in Jan 25, 2017 for a total of $1,665,000. If you work out the math, that's approximately a cost of $305.50 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 $34,282 in taxes each year. 49 Midwood Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,665,000. If we break it down further, the land itself was valued at $978,300. Improvements to the property, however, were assessed at a total of $686,700. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.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.