5518 Terrace Avenue

5518 Terrace Avenue has been categorized by the local assessors in Merchantville, NJ as a residential type of property. The building on the property was first built in 1930 and is 94 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5518 Terrace Avenue has 746 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 5,001 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. The property was last sold in Jun 7, 2021 for $193,000. That's $258.71 per sqft. Prior to that sales transaction, the property was also sold in Jan 15, 2020 for $133,000. 5518 Terrace Avenue was last assessed in 2023. The total value of the property was assessed at $120,000. Specifically, the land the property is located on was valued at $38,500. While improvements on the property were assessed at a total of $81,500. 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 $5,122. 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. 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.