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5 Lakeview Terrace

5 Lakeview Terrace, Mount Holly, NJ 08060
Property in Burlington
Sold May 13, 2011
$150,000
$135,000 by Oak Mortgage Company Llc
Mortgage Due Feb 01, 2041
Local assessors in Mount Holly, NJ have categorized 5 Lakeview Terrace as a residential type of property. The home was built in 1953 and is 71 years old. The property's lot size has been calculated to be 11,247 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 750 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5 Lakeview Terrace has a total of 980 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 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, 5 Lakeview Terrace was last sold in Feb 1, 2011 for $150,000. According to our calculations, that's $153.06 per sqft. Current property owners are expected to pay $4,494 in taxes per year. The property on 5 Lakeview Terrace was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $141,200. To break that down further, the land itself was valued at $42,700. While improvements to the property were assessed at a total of $98,500. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1953
  • Effective Year Built: 1953
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,247
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 980
  • Building Area: 980
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 980
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.258
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PALMA NICHOLAS J
  • Previous Owner : WATSON ANDREA
  • Previous Owner 2: WATSON GERALD F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rancocas Valley Regional School District
  • Census Tract: 702500

Zoning

  • Zoning: TCD

Geography

  • Assessors Map Reference: TAX MAP 5
  • District: 11
  • Parcel: 11 00501-0000-00002
  • Block: 501
  • Lot: 2
  • Municipality: EASTAMPTON TWP
  • Latitude: 40.005
  • Longitude: -74.7702

    Address

  • Full Address: 5 Lakeview Ter
  • Address - House Number: 5
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Mount Holly
  • Carrier Code: C015
  • 4-Digit Zip Code: 3357
  • Zip Code: 08060

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,494

    Appraisal Valuation

  • Standard Deviation: 0.2066
  • Valuation Date: Jan 18, 2023
  • Confidence Score: 72
  • Final Value: 259,637
  • High Value: 313,292
  • Low Value: 205,982

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $135,000
  • First Open Lien Mortgage Lender: OAK MORTGAGE COMPANY LLC
  • First Open Lien Mortgage Recording Date: May 13, 2011
  • First Open Lien Mortgage Loan Amount: $135,000
  • 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 01, 2041

    Market Valuation

  • Market Total Value: $141,200
  • Market Land Value: $42,700
  • Market Improvement Value: $98,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $141,200
  • Assessed Land Value: $42,700
  • Assessed Improvements Value: $98,500

    Sales

  • Current Sale Contract Date: Feb 01, 2011
  • Current Sale Recording Date: May 13, 2011
  • Current Sale Transaction ID: 1164664274
  • Current Sale Price: $150,000
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: OAK MORTGAGE COMPANY LLC
  • First Mortgage Transaction Date: May 13, 2011
  • First Mortgage Loan Amount: $135,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2041

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Frequently Asked Questions

What neighborhood is 5 Lakeview Terrace located in?
The 5 Lakeview Terrace is a located in the neighborhood of Burlington in Burlington, Mount Holly.
What is the average sales price for listings in 5 Lakeview Terrace?
The average sales price for units in 5 Lakeview Terrace is $0 currently.

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