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50 Beech Terrace

50 Beech Terrace, Wayne, NJ 07470
Property in Passaic
Sold May 23, 2023
$418,346
$432,000 by Mutual Of Omaha Mortgage Inc
Mortgage Due Sep 01, 2051
Sold Aug 10, 2021
$540,000
$432,000 by Mutual Of Omaha Mortgage Inc
Mortgage Due Sep 01, 2051
50 Beech Terrace in Wayne, NJ was first built in 1935 and is 89 years old. This has been categorized as a residential property type. 50 Beech Terrace has 1,930 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 9,017 square feet.

Learn more about the property and building on this page. 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, 50 Beech Terrace sold most recently in Apr 24, 2023 for a total of $418,346. If you work out the math, that's approximately a cost of $216.76 per sqft. Before that, the property was also sold for $540,000 in Aug 5, 2021. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $11,585 in taxes each year. 50 Beech Terrace was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $204,900. If we break it down further, the land itself was valued at $114,800. Improvements to the property, however, were assessed at a total of $90,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Features

Exterior

Aluminum Siding
Stone Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,017
  • Total Building Area: 1,930
  • Building Area: 1,930
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,930
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : DAMBROSIO JASON
  • Previous Owner : DAMBROSIO JASON
  • Owner Before Previous Owner: GREFF MICHAEL
  • Owner Before Previous Owner 2: FORGET MICHELLE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Wayne Township School District
  • Census Tract: 246002

Geography

  • District: 14
  • Parcel: 14 04609-0000-00016
  • Block: 4609
  • Lot: 16
  • Municipality: WAYNE TWP
  • Latitude: 40.9956
  • Longitude: -74.2612

    Address

  • Full Address: 50 Beech Ter
  • Address - House Number: 50
  • Address - Street Name: Beech
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Wayne
  • Carrier Code: C065
  • 4-Digit Zip Code: 5021
  • Zip Code: 07470

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,585

    Appraisal Valuation

  • Standard Deviation: 0.1925
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 74
  • Final Value: 578,675
  • High Value: 690,077
  • Low Value: 467,272

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $432,000
  • First Open Lien Mortgage Lender: MUTUAL OF OMAHA MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Aug 10, 2021
  • First Open Lien Mortgage Loan Amount: $432,000
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $204,900
  • Market Land Value: $114,800
  • Market Improvement Value: $90,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $204,900
  • Assessed Land Value: $114,800
  • Assessed Improvements Value: $90,100

    Sales

  • Current Sale Contract Date: Apr 24, 2023
  • Current Sale Recording Date: May 23, 2023
  • Current Sale Transaction ID: 11907962128
  • Current Sale Price: $418,346
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 16869
  • Previous Sale Recording Date: Aug 10, 2021
  • Previous Sale Contract Date: Aug 05, 2021
  • Previous Sale Amount: $540,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: MUTUAL OF OMAHA MORTGAGE INC
  • Previous Mortgage Transaction Date: Aug 10, 2021
  • Previous Mortgage Loan Amount: $432,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2051

About Passaic



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Frequently Asked Questions

What neighborhood is 50 Beech Terrace located in?
The 50 Beech Terrace is a located in the neighborhood of Passaic in Passaic, Wayne.
What is the average sales price for listings in 50 Beech Terrace?
The average sales price for units in 50 Beech Terrace is $0 currently.

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